‘boosting equity release uptake’. Freeing up money tied up in property by taking out an equity release mortgage is becoming more popular, according to a leading financial advisor. The rise in the number of people opting for this financial product has been attributed to the “property-rich, cash-poor” lifestyle many Brits are enjoying at the moment, [...]
James Thomas, Head of Residential Development and Investment at Jones Lang LaSalle, commented: “Whilst there is evidence to suggest the UK economy is in recovery mode there remain question marks about the depth and sustainability as well as how the public finances can be repaired, quite possibly under a new government. “The recent pick up [...]
Google is in talks with British estate agents to launch an online property portal, which experts say could pose a serious threat to existing property websites and local newspapers. The giant US internet search company launched a property portal in Australia last August through which estate agents list properties for free, showing both pictures taken [...]
With many redundancies still being made and a fair few businesses still going bankrupt, it seem like the market will take a long time to recover.
Under new government proposals property owners are to have their mortgage protection strengthened. Mortgage borrowers will be protected by the FSA (Financial Services Authority) if their home loan is sold on to a third party from the original lender.
Christmas is drawing near and reports of a small window of opportunity opening for first time buyers. The reports of the market seizing up due to people spending their money on yuletide necessity.