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Surplus flats drag down prices

Builders constructing flats rather than houses is contributing to a downturn in the new homes market, with average prices down 4.8% on this time last year.

SmartNewHomes. com says that while houses rather than flats are popular with buyers, government restraints mean the industry is forced to build smaller units so the new homes market is seeing a surplus of cheap flats dragging prices down.

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TMB extends its opening hours

The Mortgage Business has extended its opening hours to 8am until 6pm Monday to Friday. Fax options are available for urgent direct debit instructions and streamlined telephone systems have been put in place to help brokers and packagers get through to decision makers as quickly as possible. TMB says it is also helping to make […]

Equity scheme could hit economy

There is growing concern that the government’s shared equity scheme could have serious implications for the economy if there were to be a housing downturn. Chancellor Gordon Brown revealed in his pre-Budget statement last week that three lenders had signed up to the government’s shared equity scheme to help first-time buyers get on the property […]

Proc fees must be fair and reasonable

The issue of proc fees seems to have fallen off the radar. It’s interesting to ponder why this subject has disappeared from view. Could it be that regulation and the disclosure of fees paid by lenders has lulled us into a false sense of security?

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