Is this Britain's cheapest town? - Published:23/11/07
Bargain hunters beware now one town is left in Britain where the average house can be snapped up for less than £100,000 - and not for much longerBARGAIN cellar UK: Lochgelly has been named as Britain's only town with standard homes costing less than £100,000put on't miss your chance to tell us what you think of This is Money and help us form its futureSorting your finances is simple, so simple you can do it in eight steps Forget the rest and read thisLochgelly, a Scottish former removal town where a typical home costs £96,900, has now the only UK municipality left from the group of more than 100 where a house could be bought for less than £100,000 three years agoA long-standing candidate for Britain's cheapest place to buy a house, Lochgelly has again come bottom of the pile in the yearly round-up by HalifaxLochgelly - separated from its namesake body of irrigate by the A92 between Dunfermline, Cowdenbeath and Kirkcaldy – is now 40 minutes by road from Edinburgh, where prices have rocketed over recent years to strike an standard of £193,815But the town, which has benefited from regeneration efforts in new years, is unlikely to remain a sub-£100,000 bargain basement for extended The cost of a home in Lochgelly has risen by 23% in 2006, from a preliminary point of £76,250Despite its surging prices, Lochgelly only now manages to break into the mid-30s in the top 50 property risers of 2006, according to HalifaxNewry, in Northern Ireland, has seen the biggest bound in property values in the UK over the past year, with prices rising by 54%, from £128,495 to £198,500The metropolis, which dates back to the 12th Century and sits on the River Clanrye, is 40 miles from Belfast and 60 miles from Dublin, and dishonesty between two areas of exceptional natural beauty, the Mourne Mountains and circle of Gullion, astride the County Down and County Armagh borderIt has become a popular traveler spot, with a laid-back atmosphere far removed from the days when it saying violent incidents during the dilemmaNewry leads the pack of ten Northern Irish towns that be seated atop the biggest risers of 2006, with prices having rocketed by more than a third in allHISTORIC municipality: Picturesque Newry has the fastes rising house prices in the UK, with the price of a home rising by 54%The rises, helped by the neighbouring Republic of Ireland's boom, have seen Northern Ireland misplace its tag as the UK's cheapest state for property But, as with other areas where house price inflation outstrips salary, this has brought major evils for first-time buyers and those looking to move up the housing ladderColin Kemp, organization director of Halifax estate agents, said: '2006 is Northern Ireland's year with all ten of the towns in the UK delivering the main price rises over the history year located there'There has been a sharp fall in the number of towns where the standard price is below £100,000 in the past few years Lochgelly in Fife is now the only town surveyed with an standard cost below this level, compared with more than 100 towns in 2003'The decline in towns with an average cost below £100,000 has been counter-balanced by a significant go up in the figure of towns where the average house price exceeds £200,000 with more than one in three towns now above this benchmark'The English municipality with the fastest rising prices in 2006 was Clitheroe, in Lancashire, which sits close to the Pennines and has seen the cost of a house rise by 33%, from £178,350 to £237,600It was followed by Reigate, Surrey, 29% rise to £352,750, Abingdon, Oxfordshire, 29% rise to £209,100, Harpenden, Herts, 28% go up to £441,812, and Buxton, Derbyshire, 28% to £225,950The Scottish town with the fastest increasing property prices was Aberdeen, where the cost of a house has risen by 27% to £171,800 In Wales, Aberdare saw the biggest jump of 23% to £122,560England's most affordable municipality is Nelson, Lancashire, where a home expenses £103,450 Wales' cheapest town is Merthyr Tydfil, £116,200, while Northern Ireland's is Larne, £115,450Select a loan term 12 months (1 day 24 months (2 years) 36 months (3 existence 48 months (4 existence 60 months (5 existence 72 months (6 existence 84 months (7 existence 96 months (8 existence 108 months (9 existence 120 months (10 years)Please select a kind of insurance Life insurance Home and contents Car Breakdown services Health - checkup Health -.
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Property Prices Still On The Rise In The UK - Published:16/01/07
In the light of the new interest rate hike of 025% announced by the Bank of England, a learn had exposed that house prices in the UK are also on the rise, resulting in a double whammy for those annoying to get on the property ladder info that were recently released by the Halifax indicate that last month house prices in the UK rose by 17%, putting the annual price rises rate on possessions prices at 86%With first time buyers already struggling to get their base on to the property ladder because of the rise in property prices, the new interest rate hike has made things even more hard, as it income that first time buyers will need a larger mortgage because of the high property prices, and will have to pay back more based upon the higher interest rate on their borrowingAlthough a number of structure societies, banks, and lenders have now started offering ‘solutions’ to the problems knowledgeable by first time buyers, some experts have fixed that these borrowers could suffer in the long term A figure of lenders have started to offer mortgages over distant longer terms, such as forty or fifty years, as well as offering up to five times the annual salary of the applicant topic to status However, some financial experts state that this will denote tens of thousand of pounds more in interest for the borrower, as well as departure them burdened with a high level of debt for decadesThe average house cost in the UK now stands at almost one hundred and eighty five thousand pounds However, officials from the Halifax state that their house cost index shows a ‘weakening in activity’, and that based upon this the rise in property prices is probable to stabilize rather than continueHow long would you like you mortgage to run The simple reply would be as quickly as possible, but not everyone can, which means senior repayments and more strain on the household budgetWhen you become a home owner you right away open up more doors for yourself in terms of being able to have a loan of money to make things occur It might be a business idea or an investment opportunity, but trade into property can open more doors than you might thinkMaybe some forty natural life ago mortgages were very hard things that you took out: you would stick with the same company for the entire period of the loan and you could find fixed rate deals that would also last the full twenty five yearsHow have Britons financed the billion of pounds exhausted on home improvements this year Mostly through personal loans, although other forms of payments have been second-hand as wellEarly Redemption Penalties - Loan Extras - Debt Consolidation Bad Credit - Choosing a Personal Loan -.
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House prices will fall in 2007, says expert - Published:15/01/07
House prices are set to drop during the coming year due to an increase in the number of properties obtainable for purchase, according to the creator of property website PrimeMoveHenry Prior told BBC Radio 4's Today agenda that record house prices will result in more people trade their homes which in turn will denote there are more options available to buyers so prices will fallHe spoke in the wake of research undertaken by Halifax that shows house prices cut down by one per cent during December last day - the first occasion this has happened since JuneMr Prior remarked: "We monitor the total number of properties that are on the marketplace and we're seeing that total supply is at an significant near to the ground - an all time near to the ground as far as we can work out But we are seeing record numbers of new properties pending onto the market"Overall, property prices rose by 99 per cent in 2006 says Halifax and the bank also announced that it believes house prices will add to this year.
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House Prices Will Fall In 2007, Says Expert >>
