Nottingham Letting Agent Property Blog

Research from Collins Stewart, who are one of the leading independent financial advisory groups in the UK, has raised concerns that the coalition's plans to boost mortgage lending could put more first-time buyers at risk of falling into negative equity. They are predicting the UK housing market could be stuck in a ‘lost decade’ and that it could be facing another two or three years of house price falls. According to their research is little basis for claims that the property market is facing a chronic shortage and that this will continue to support house prices.Reports from industry leaders and politicians...

There is to be a new partnership between the National House Building Council and the government, as the government is keen to learn more about the industry in an effort to get more new homes built. According to housing minister, Grant Shapps, government ministers will have greater access to more information about a number of details including such things as information on stalled projects and why, new home sustainability, building quality and design, and how long it takes to build and construction activity levels. The hope is that by sharing this information the government will be able to see how best...

Chancellor George Osborne has just announced a radical new scheme designed to help first-time buyers get on the property market, as the government will guarantee low deposit mortgages. The scheme is aimed at helping people who are unable to raise enough cash for a deposit, as this is currently one of the biggest barriers towards securing a good mortgage rate. This mortgage indemnity guarantee is likely to increase the attractiveness of first-time buyers with small deposits to lenders as it would protect them from any loss should their home fall into negative equity. The lender would be able to claim the...