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Mortgage support survives spending cuts but property lending at lowest for a decade

Property Wire 22.10.2010
Mortgage support survives spending cuts but property lending at lowest for a decade

The extension of the temporary concession on support for property loan interest announced under the UK government’s comprehensive spending review has been welcomed but the sector remains fragile. Property industry professionals said that it is good news that the £200,000 limit on mortgage size and the 13 week waiting period, down from 39 weeks, will now remain in place until January 2012.

Your first steps on the property ladder

Emma Wall The Telegraph 02.03.2010
Your first steps on the property ladder

First-time buyers will find it harder than ever to get onto the housing ladder after Halifax – now part of Lloyds Banking Group – is to withdraw mortgages based on guarantees issued by parents.

First time buyers shouldn’t panic following stamp duty changes, says UK broker

First time buyers who didn’t manage to find a new home before the government’s stamp duty concession ended shouldn’t despair, says a leading UK mortgage broker.

Santander gives first-time buyers new hope

Rebecca O’Connor The Times 23.02.2010
London leads office market bouce-back across world´s financial centres

London’s office market was hit hard and early by the global financial crisis, but in comparison with other leading financial centres, it has been among the first to bounce back, according to the latest research from the leading commercial property consultant, CB Richard Ellis.

Santander gives first-time buyers new hope

Santander will today open its doors to first-time buyers of new-build property for the first time since the banking crisis began.

Mortgage lending hits an eight year low

Financial Advice 23.02.2010
Mortgage lending hits an eight year low

Mortgage lending in the UK hit an eight year low in January amid signs that the recovery in the UK property market may well be veering off course. This comes at a time when hopes have been high that the corner had been turned and the property market was set for a return to growth in 2010. So what is happening?

Barclays is one of the cheapest lenders with interest of just 2.5 per cent

It’s wake-up time for more than two million borrowers who put remortgaging on hold while standard variable interest rates were at rock bottom levels.

Debt funds chase bank lending market share

Sinead Cruise Reuters 16.02.2010
U.K. Home Loans Plummet To Lowest Level In Ten Years

UK home loans in January were at their lowest point in a decade, following a surge of borrowing in advance of stamp duty changes, and complicated by impending election concerns. Lagging housing starts and completions dampen the outlook for the near future, and underscore the need to attract private investors.

File photo of St Paul's Cathedral. REUTERS

LONDON (Reuters) - Banks keen to boost European commercial property lending in 2010 are under pressure to mend key client relationships that soured in the downturn, as a new crop of debt funds eye the sector, Brookland Partners said.

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