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Wholesale mortgage funding review urged
There have been calls for steps to be taken to improve the amount of funding in wholesale mortgage channels.
Responding to the Bank of England's credit conditions study, the Council of Mortgage Lenders (CML) has urged the relevant authorities to tackle problems in the market.
According to the Bank's survey, the availability of mortgages will not improve in the near future as credit conditions are expected to tighten further.
CML director general Michael Coogan stated that measures are needed to boost confidence in the market.
"Neither the cost nor the availability of wholesale funds has improved for lenders since the Bank of England launched its special liquidity scheme, helpful though that scheme is," he said.
The Bank of England's monetary policy committee is set to review the current base rate of interest next week in its monthly two-day meeting.
© Adfero Ltd
Scottish government pledges to stamp out 'rogue property managers'
A new scheme that is intended to provide homeowners with greater peace of mind and stamp out rogue property managers, or factors, has been launched in Scotland.
The Scottish government insists that the new accreditation scheme will recognise those property managers that meet the highest standards of service and provide clear billing and accounting information.
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Orlando dominates Florida's property investment scene
Orlando is continuing to dominate the Florida property investment scene for Britons, although other areas of the state are also attracting enquiries.
According to a spokesperson for website Rightmoveoverseas.co.uk, coastal areas of Florida such as Fort Myers on the Gulf Coast are receiving more attention from British property investors.
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Other news stories
- 02/07/2008 - Turkey 'growing in popularity'
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In news which that may interest those thinking of buying investment property, it has been suggested that Turkey offers strong prospects for international investors looking to see good growth.
The product acquisition manager at international property portal Propertyshowrooms.com Mark Wilson said the country is a "fresh" market with growing cities, plenty of development and an attractive Mediterranean location.
Read more - 02/07/2008 - Party urged to spell out policies
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In news which may interest those thinking of buying investment property, the Federation of Master Builders (FMB) has urged the Conservatives to outline more of their housing policies.
FMB director of external affairs Brian Berry said the body agreed with criticism of the government's "top-down" approach to the issue of housebuilding made recently by shadow Housing minister Grant Shapps.
Read more - 02/07/2008 - House price decline 'may be slowing'
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The fall in house prices may be slowing down, it has been suggested.
Yesterday Nationwide's monthly house price index showed that the last year has seen a 6.3 per cent fall in UK house prices and only Scotland of the 13 standard regions has enjoyed a rise in prices in that time.
Read more - 01/07/2008 - House price fall may benefit rental sector
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In news that may interest those thinking of buying investment property, new figures show the downward trend in house prices is continuing.
The latest data from property website Rightmove has shown a one per cent fall in prices last month, with a 3.2 per cent dip in the past year.
Read more - 01/07/2008 - Kitchens and bathrooms a key to success, landlords told
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The National Landlords Association (NLA) has offered the property investment advice that those who invest in modernising kitchens and bathrooms in rental property will find it easier to attract tenants.
NLA head of communications Simon Gordon said such elements are important as the expectations of those looking to rent are continually rising and offering higher quality will make lets more enticing.
Read more - 01/07/2008 - Biarritz tipped as property bargain location
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Those buying investment property overseas should consider Biarritz ahead of other French coastal location, it has been suggested.
Located near the Spanish border on the Atlantic seaboard, the city offers lower prices than the Cote D'Azur as well as attributes such as its seaside location, nightlife and scenery, Property Wire reports.
Read more - 30/06/2008 - Buy-to-let investors 'to hold on to portfolios'
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In news that may interest those thinking of buying investment property, new research has shown that the majority of buy-to-let landlords are looking to retain their portfolios.
The latest quarterly survey by the Association of Residential Lettings Agents (Arla) indicated that just 1.3 per cent of investors were seeking to sell up, with a further 7.3 per cent planning to alter their portfolios.
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