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Latest Online Property Auction Salesauctionmove.co.uk are proud to announce the latest sales achieved by way of online property auction, the new way to buy and sell property.
Latest Sale: Meltham, Huddersfieldauctionmove.co.uk achieve yet another sale by way of an online property auction. A studio apartment in Meltham, Huddersfield becomes the latest property to sell.
Latest sale: Wigan Road, BoltonA fantastic housing development opportunity located in the Wigan Road area of Bolton is the latest to be sold at online property auction.
Latest sale: Rosamond Street, BoltonA fantastic three bedroom mid terraced property located in the Rosamond Street area of Bolton has become the latest property to be sold at online property auction.
Latest sale: Land site in BoltonA fantastic land site opportunity located in the Victoria Grove area of Bolton is the latest to be sold at online property auction.
Mortgage lending has dipped to its lowest in 10 years as the stamp duty holiday ends.
The Council of Mortgage Lenders’ figures from January showed that mortgage advances dived by 32 per cent, the lowest since February 2000; however they have suggested that this is due to the Christmas period.
The lower-than-average figures have reportedly been caused by buyers purchasing lower-value properties due to wishing to avoid stamp duty.
The loss in January is countered by a rise of 14 per cent over average for the month of December, backing up the CML’s claims that people were wishing to avoid paying stamp duty.
It was also shown that 55 per cent of the property bought in December was less than £175,000, first time buyers taking up a large amount of this percentage.
The Bank of England has stated that there has been a fall in both mortgage lending and approved loans during January, with critics suggesting that the weather and the end of the stamp duty holiday have “put people off”.
Mortgage rates, however, have fallen to combat competition within the market.
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Property industry to face another credit crunch?The property industry could be set to endure a second credit crunch which would result in more price dips, according to the latest figures.
Mortgage lending lowest for 10 yearsMortgage lending has dipped to its lowest in 10 years as the stamp duty holiday ends.
First time buyers given boostMortgage availability is on the rise, with more deals becoming available, according to the latest reports.
House prices could remain low over next two yearsOne of the country’s biggest mortgage lenders, Nationwide, has said that house prices may again dip in 2011 and 2012, banishing hopes of a revival within the industry.
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