Property Development Finance in amongst Predictions of doom for property prices
Looks like the doom and gloom merchants are out in force again. But who to believe?
General Property
General property news about mortgages and interest rates. Discussion about adverse credit and self cert mortgages for business people.
Consumers can now order their statutory credit report online
Consumers now have instant access to their credit reports after an agreement was struck between the Government and the credit reference industry.
As a result of the new agreement, people can now access their statutory credit report online for a nominal fee of only £2 from all three major UK credit reference agencies: Experian, Equifax, and Callcredit. Previously, statutory credit reports for £2 were only available by post, which could take seven days to arrive.
Property Developer Wins Test Case Against Investors
A property developer has won a High Court case against property investors forcing one to pay £133,000 after they backed out of an agreement to purchase flats “off plan”. The High Court, in Bristol, has ordered the person to pay a whopping £133,282 in damages, costs and interest to Plymouth’s Prestige Homes South West Ltd, …
Two thirds of UK properties sold below their valuations
Probably does not come as much of a surprise to anyone involved in UK property sales, but worth pointing out: More than two thirds of UK property disposals last year were sold at prices below their valuations, according to the IPD/RICS Valuation and Sale Price Study 2009. The study was published yesterday at the annual …
The FSA has today launched a discussion paper on consumer responsibility
The FSA has today launched a discussion paper on consumer responsibility and said that it wants to explore what steps it or others could take to help consumers understand and protect their own best interests more effectively. The protection of consumers is one of the FSA’s four statutory objectives and the discussion paper aims to …
Property Prices up – Property Prices down
Through the day we get updates and press releases from property finance publications and various trade bodies. On Tuesday (18th September) The Building Societies Association (BSA) reported “unwavering consumer confidence” within the housing market. They went on to explain that their report is the first look at the public’s view on residential property purchases. Unsurprisingly …