Latest News

Fairinvestment.co.uk suggest that findings of a recent survey indicate that over half of Britons would prefer a fixed-rate mortgage.

The survey also established that 57% of those considering a mortgage would choose a fixed rate over any other type of mortgage product.

The results consisted of 30% of the total respondents reporting that they would prefer a short-term fixed rate mortgage while 27% would opt for a long-term fixed interest rate.

The survey also established that 23% of homeowners would favour tracker mortgages, 9% would chose a discounted mortgage, 8% would chose a variable rate mortgage and 3% would go for a stepped deal.

Despite talk of a housing market crash the storage industry still remains unaffected.

Source: http://www.homemove.co.uk/news/22-02-2008/survey-reveals-britons-want-fixed-rate-mortgages.html

According to new figures it seems the housing market is beginning to gain momentum.
There has been an 11 per cent increase in January of the number of housebuyers, the National Association of Estate Agents is reporting.
NAEA’s monthly housing survey displayed some interesting results including the increased number of first time buyers who made up for over 14% of all sales.
According to Peter Bolton King, an NAEA chief executive: “The return of buyers and particularly first time buyers early in 2008 marks a significant change in the fortunes of the market.”I am confident that we have just started to see the benefit of [the] first interest rate cut in December and the latest quarter percent decrease in February will further help boost the confidence of all buyers.”
People contemplating moving house should ensure they keep belongings with a reliable, secure self-storage company.

Source: http://www.safestore.co.uk/industry_news/18468686/housing_market_picking_up.aspx

UK house prices have stabilised and the housing market remains largely unaffected by the global credit crunch.

That is according to Assetz, which has published its latest House Price Watch.

The document reveals that annual house price growth was recorded as 5.5 per cent in January, although month-on-month figures were down slightly.

Assetz said that the £673 average reduction in house prices between December and January is nothing more than the housing market stabilising and is a minor drop considering the conditions in the financial markets.

“A very minor decline in the average UK house price in January shows the market is probably levelling off,” commented Stuart Law, Assetz chief executive.

“This indicates the buoyancy of the UK residential market and is evidence that the downturn seen in recent months is simply part of a stabilisation process and not a market crash as has been touted by some.

“Prices are already starting to increase in some indices and the latest indicators point to a sustainable level of growth for the foreseeable future,” he added.

The Assetz House Price Watch takes on data from the leading UK house price indices.

Source: http://www.mform.co.uk/news/article.php?key=15916&rss=google