Haart estate agents has revealed it expects UK property prices to rise by 5 per cent in the first six months of 2006 with a surge of buyers returning to the market.
Paul Smith, chief executive of haart estate agents, also believed SIPPs and HIPs will boost the housing market. He said: “We are seeing higher levels of activity as confidence has started to return and buyers are realising the market is not going to crash. We expect this positive level of activity to carry over to the first half of next year.”
Landlords not aware of HMO regulation
Mortgage Trust has revealed 46 per cent of landlords are unaware of the Houses in Multiple Occupation (HMO) regulations due to come into effect in April 2006.
The survey revealed 11.8 per cent of landlords who were aware of regulation had been informed through their local authority, the body responsible for implementing many of the new rules, while over 20 per cent of landlords had become aware of HMO regulation through their own research.
Money Partners launches discount secured loan deals
Money Partners has announced the launch of a discount secured loan product range. The deals, available through the Axis secured loan range, are available up to £100,000 and are specifically for unregulated loans of £25,500 or more to Money Partners’ introducers. A 12-month discount period exists with deals available as capital repayment or through interest-only options.
