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Increased activity in housing market fails to increase consumer confidence

Confidence in the housing market has fallen for the first time in eight months, despite recent increased activity in the housing market.

Confidence was static for four months, but has fallen by one% in September with 48% of homeowners expecting their property to rise in value over the next 12 months, compared to 63% this time in 2002 and 52% this time last year.

These latest figures indicate that although new buyer enquiries rose in August and September, homeowners are generally becoming more realistic about growth in the market especially as sellers continue to accept offers below the asking price.

Andy Gray, head of mortgages at Woolwich says: “Despite this slight drop in confidence has we expect to see confidence start to pick up again towards the early part of next year as speculation intensifies as to what impact the new pension provisions for property will have on the market.”


Planning powers for Thames Gateway Development

The London Thames Gateway Development Corporation will gain strategic planning powers from October 31 2005.LTGDC will become the local planning authority within a designated area in the Lower Lee Valley and London Riverside, from Beckton to Rainham with responsibility for determining strategic and large scale planning applications. Other developments will continue to be determined by […]

Online community for brokers planned

A sole broker is launching a website that promises to act as an online community and research facility for brokers. Jason Hegarty, a sole broker and mortgage adviser at Leiston Mortgage Centre, founded to raise standards in the industry, He says: “There’s nothing else like it out there at the moment. Advisers tend to […]

I miss Mini Alan – he was my special virtual friend

From Julian Golightly Much like Priya Shome I was disappointed to see Mini Alan replaced by the curvy Red. I always thought of Mini Alan as my special virtual friend with his own style. Seeing Mini Al’s flashing smile alongside my inbox every morning made my pulse race. Alas now all this has gone. Does […]

Brush up on the consolidation options

When it comes to dealing with clients looking for debt consolidation, mortgage advisers are expected to have a working knowledge of the options available, says Bill Warren

Value for money in DC pensions

The Pension Policy Institute (PPI)’s recent report “Value for money in DC pensions” tries to identify factors by which people can assess whether their pension offers fair value for money (VFM). Fiona Tait provides an overview of the findings. Positive Outcomes It is extremely hard to assess VFM in a pension. Press activity naturally focuses […]


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