Property news: Owning aspirations and pretty locations
Most still aspire to own despite economic crisis
Three-quarters (74 per cent) of British adults hope to be home owners within two years despite the economic situation, according to new research by the Council of Mortgage Lenders (CML).
A survey by YouGov also shows that eight out of ten (81 per cent) people hope to own in ten years’ time and that aspirations are higher among the under-35s. Read more on this story
Property prices in pretty country locations increase faster than elsewhere, research shows
House prices in the most picturesque locations in England have increased by an average of £110,000 of £900 a month over the past decade, research shows.
The average house price in postal districts within the 32 Areas of Outstanding Natural Beauty (AONBs) in England surveyed by Lloyds TSB have risen by 87% from £125,860 in 2002 to £235,215 in 2012. Read more on this story
Mortgage rates are going up… and down
The mortgage market is pretty confusing at the moment, with rates going both up and down. What’s going on?
If you like to keep up to date with mortgage rates, you might be feeling a little confused about what’s going on in 2012. And who could blame you? The headlines seem to contradict each other on a regular basis. Read more on this story