Latest News
Google Closes Its UK Mortgage Comparison Website
Earlier, we have already reported that Google has purchased a UK-based comparison website BeatThatQuote for almost 40 million dollars. In only a few month, the Internet giant started working on its own mortgage comparison portal, UK Compare Mortgages.The company did not make any official statements about the new website. In September 2011 the... Read more
UK House Prices Increase 0.6% in January 2012
House prices in the UK rise by 0.6% in January but still remain 1.7% lower than at the same time last year.The latest house prices index published by Halifax, the mortgage arm of Lloyds Banking Group, suggests that UK property prices rose by 0.6% in January 2012. This is the first house prices increase registered by the bank in the past 3... Read more
Leeds Building Society Launches New Mortgage Deals
UK lenders, including banks and building societies, are doing their best to attract new customers by cutting mortgage interest rates.This time, it was the Leeds Building Society, which announced new discount mortgages on Thursday, January 26th.The building society has launched a 2-year fixed mortgage loan available at 5.25% for mortgage borrowers... Read more
UK House Prices Rise 0.2% in December – LSL Property Services
According to the latest report published by LSL Property Services/Acadametrics, house prices in the UK remained almost unchanged in December 2011.The report published by the company on Friday, January 13th revealed that the month-on-month increase only amounted to 0.2% in December. The average house was priced at 220,385 pounds.On an annual basis,... Read more
New Property Market Report Published by RICS
Demand for UK property remained weak but stable in August, suggest the latest report published by the Royal Institution of Chartered Surveyors.Survey of UK property agencies carried out by the Royal Institution of Chartered Surveyors (RICS) revealed that the sales on the British housing market fell to 2-year low.According to RICS, only 14... Read more
House Price Increases Are Good for Equity Release Seekers
Jon King, managing director at More2Life, recently spoke on house price increases in Great Britain and the narrowing equity release gap.He is determined that growing prices are an advantage for those interested in release of equity rather than a problem.Mr. King explained that 10 or 20 years ago location of the property was the primary factor... Read more
Equity Release: to Be or not to Be?
A recent article published by the Daily Mail newspaper suggests that UK pensioners, although being cash poor, are property rich.Statistics suggests that the total amount of money tied up in the homes of UK pensioners is over £765 billion. Of this, over £900 million has been released by 20,000 people.Commenting on the figures, Key... Read more
New Equity Release Product Launched in UK
Just Retirement Solutions has developed a new Age UK Equity Release Advice Service. It is aimed at older customers who need financial advice on the value of their properties.Commenting on the launch of the new product, Mr. Morris, managing director of Age UK Enterprises, said that the service was developed because the company is strongly... Read more
Equity Release Used to Fund Home and Lifestyle Improvements
A recent research carried out by Key Retirement Solutions showed that almost 65% of Brits prefer to use some cash they earned from equity release on home and garden improvements. This compares to 43% in 2009.Experts at the organisation are determined that this can be explained by the fact that most people who opt for money release are retired and... Read more
Brits Need More Information on Equity Release
A recent report published by Safe Home Income Plans (SHIP), UK-based equity released body, found out that only 11% of UK pensioners plan to sell or downsize their properties, whereas the remaining 89% want to stay in their homes till the end of their lives.This, according to experts, is due to the fact that financial advisors are unaware of all... Read more