22 October 2010 by Sonal Ghelani

House Prices – A Quick Update

Recent data released by the Bank of England has revealed that the amount of loans granted is still half of that which was granted in 2007, despite the fact that lenders are lowering the cost of their most popular mortgages.

Despite this, UK house prices increased to a six month high in August due to the demand from cash buyers. Is this going to be the trend for the future?

Recent activity has shown that the value of a house rose on average by 0.2% from July to August and on average by an increase of 7.7% from the previous year. The recent increase could be down to the fact that there was actually a fall in transactions of approximately 14% in July, and so with less property on the market, buyer demand has forced prices up. The demand for properties by cash rich buyers will, however, only cause a short term spurge in the housing market.

24 September 2010 by Yezdan Izzet

Obligated landlord …

A lease of a property governs the contractual relationship between landlord and tenant, but quite often some of the obligations of the landlord are overlooked particularly in buildings containing only a few flats where the danger is that the relationship starts to become “informal” with the parties acting how it suits them rather than how they are supposed to…

8 October 2010 by Vincent Billings

“Security is not a dirty word…”

When a business is owed money, whether it is due now or at some point in the future, it is generally in the commercial interest of the creditor, the entity which is owed the money, to have some form of protection or assurance that it will be able to recoup the money if the debtor does not fulfil its obligations to pay the sum outstanding by the due date.

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