The number of mortgages approved for house purchase rose to its highest level this year during May, recent figures have shown.
A total of 36,709 loans were approved by the major banks for people buying a property during the month, according to the British Bankers' Association (BBA).
It was the third consecutive month during which approval levels have risen.
Total mortgage advances reached £9 billion during May, also the highest figure seen this year.
Once redemptions and repayments were stripped out, net lending rose by £2.55 billion, up on April's figure but in line with the previous six-month average.
Wednesday 30 June 2010
Tuesday 22 June 2010
Wow! Bungalow in Hanham
£279,950 Hanham - Location is King! This delightful bungalow set in a superb position offers large accomodation from a 15ft entrance hall, lounge, kitchen, conservatory, three bedrooms (bed 3/sitting room) and lovely bathroom suite. Brick laid off driveway and detached garage, this home will appeal to many!
For more information - Copy & Paste this link: http://www.besleyhill.co.uk/propertyDetails.php?pid=143941
For more information - Copy & Paste this link: http://www.besleyhill.co.uk/propertyDetails.php?pid=143941
Thursday 10 June 2010
£695,000 Cottage in Wotton with 1 Acre Gardens
We are delighted to offer to the market ‘Ellerncroft Cottage’, an impressive split level detached residence with striking individuality which sits in approximately one acre of landscaped grounds.
Found in a privileged position on the edge of the town and presented in excellent order, the property briefly comprises, entrance garden room leading into the entrance hallway, fitted kitchen/breakfast room leading into the dining area, utility room, cloakroom, lounge with open views, study, snug/bedroom five, a master suite with dressing area and ensuite, a further three double bedrooms each offering ensuite facilities and family bathroom.
Outside the private walled grounds are entered via double wooden gates with sweeping driveway leading to the double garage with ample driveway parking. The grounds extend to approximately one acre and are immaculately presented with lawned areas, well established trees and views.
For full details click on the link: http://www.besleyhill.co.uk/propertyDetails.php?pid=234438
Found in a privileged position on the edge of the town and presented in excellent order, the property briefly comprises, entrance garden room leading into the entrance hallway, fitted kitchen/breakfast room leading into the dining area, utility room, cloakroom, lounge with open views, study, snug/bedroom five, a master suite with dressing area and ensuite, a further three double bedrooms each offering ensuite facilities and family bathroom.
Outside the private walled grounds are entered via double wooden gates with sweeping driveway leading to the double garage with ample driveway parking. The grounds extend to approximately one acre and are immaculately presented with lawned areas, well established trees and views.
For full details click on the link: http://www.besleyhill.co.uk/propertyDetails.php?pid=234438
UK interest rates kept at 0.5% for 15th month in a row
UK interest rates have been kept on hold at a record low of 0.5% by the Bank of England for the 15th month in a row.
The Bank also decided not to inject any more money into the UK economy under its policy of quantitative easing (QE).
Interest rates have now been at 0.5% since March 2009.
Meanwhile, a Reuters poll of 61 economists suggested that the central bank would not raise rates until next year.
Trevor Williams, chief economist at Lloyds Banking Group, said the decision was "no shock at all".
Inflation in April hit its highest rate in 17 months. On the Consumer Prices Index (CPI) measure, inflation hit 3.7% - well above the Bank's target of 2% and the highest rate since November 2008.
The Bank uses interest rates to try to curb inflation, but Mr Williams said: "The target was never meant to be hit every single month. It's a medium-term target. And I think they're quite right to hold off. "I think [inflation] will fall back later in the year."
Source BBC News Thursday, 10 June 2010 12:37 UK
The Bank also decided not to inject any more money into the UK economy under its policy of quantitative easing (QE).
Interest rates have now been at 0.5% since March 2009.
Meanwhile, a Reuters poll of 61 economists suggested that the central bank would not raise rates until next year.
Trevor Williams, chief economist at Lloyds Banking Group, said the decision was "no shock at all".
Inflation in April hit its highest rate in 17 months. On the Consumer Prices Index (CPI) measure, inflation hit 3.7% - well above the Bank's target of 2% and the highest rate since November 2008.
The Bank uses interest rates to try to curb inflation, but Mr Williams said: "The target was never meant to be hit every single month. It's a medium-term target. And I think they're quite right to hold off. "I think [inflation] will fall back later in the year."
Source BBC News Thursday, 10 June 2010 12:37 UK
Monday 7 June 2010
SPACIOUS HOME DESERVES A VIEWING
A detached family home at Whitchurch, on the market for £375,000, offers spacious accommodation which the agents say can only be appreciated by an internal viewing.
Jacaranda, 23 Smythe Croft, comprises lounge/dining room, kitchen, cloakroom, four bedrooms, refitted family bathroom and study/playroom.
Further benefits include double glazing, gas central heating, attractive gardens, workshop/storage, garage and ample parking.
The fitted kitchen, measuring 15ft 10ins x 19ft 4ins, has an extensive range of beech-style units, glass-fronted crockery display cabinet, island/breakfast bar, electric ceramic hob with extractor hood over and double oven inset into matching unit.
There is also Italian tiled flooring, tiling behind all work surfaces, spot lighting and a cupboard housing combination boiler serving hot water and heating.
Bedroom one has fitted wardrobes in beech, some with mirror-fronted doors, and an en-suite shower room with walk-in corner shower cubicle and low-level wc, fully tiled throughout with spot lighting and laminate floor.
The bathroom has been refitted with shower bath, shower screen with electric shower, pedestal wash hand basin, low-level wc, heated towel rail, tiled floor and walls, display mirror and spot lighting.
Outside, the attractive rear garden has a lawn adjoining the property, mature flower and shrub borders, rockery and an ornamental bridge over a pond leading to a decked patio and raised seating area.
For further details and an appointment to view, contact Besley Hill Town & Country Homes, 91 Bristol Road, Whitchurch Village, Bristol BS14 0PS, tel 01275 891444, email whitchurch@besleyhill.co.uk
Jacaranda, 23 Smythe Croft, comprises lounge/dining room, kitchen, cloakroom, four bedrooms, refitted family bathroom and study/playroom.
Further benefits include double glazing, gas central heating, attractive gardens, workshop/storage, garage and ample parking.
The fitted kitchen, measuring 15ft 10ins x 19ft 4ins, has an extensive range of beech-style units, glass-fronted crockery display cabinet, island/breakfast bar, electric ceramic hob with extractor hood over and double oven inset into matching unit.
There is also Italian tiled flooring, tiling behind all work surfaces, spot lighting and a cupboard housing combination boiler serving hot water and heating.
Bedroom one has fitted wardrobes in beech, some with mirror-fronted doors, and an en-suite shower room with walk-in corner shower cubicle and low-level wc, fully tiled throughout with spot lighting and laminate floor.
The bathroom has been refitted with shower bath, shower screen with electric shower, pedestal wash hand basin, low-level wc, heated towel rail, tiled floor and walls, display mirror and spot lighting.
Outside, the attractive rear garden has a lawn adjoining the property, mature flower and shrub borders, rockery and an ornamental bridge over a pond leading to a decked patio and raised seating area.
For further details and an appointment to view, contact Besley Hill Town & Country Homes, 91 Bristol Road, Whitchurch Village, Bristol BS14 0PS, tel 01275 891444, email whitchurch@besleyhill.co.uk
Friday 4 June 2010
BRISTOL HOUSE PRICES ROCKET BY 16%
House prices in Bristol have risen by nearly 16 per cent in a year – the second biggest rise in the country.
The latest official figures from the Land Registry, which records the price paid in every property transaction in the country, show that the climb in prices in the city over the last 12 months was second only to Brighton.
Besley Hill Estate Agents report that there is still a huge demand for family homes in Bristol, where the average cost of buying a house rose by 15.9 per cent.
That is almost double the average rise for the UK as a whole, which was 8.5 per cent.
The Land Registry figures give a breakdown of sales in each area of the country and are based on the final price paid – not the asking prices.
The average house in Bristol cost £173,867, while in North Somerset the cost was £179,325, an increase of 9.2 per cent over the last year.
In South Gloucestershire the average house cost £181,506, an increase of 11.1 per cent. In Bath & North East Somerset, the average property sold for £230,831, an increase of 14.5 per cent.
In England and Wales the national average now stands at £165,596.
Bath is fourth on the list of areas with fastest growing property prices, with South Gloucestershire 21st and North Somerset 31st out of 111 areas.
The latest official figures from the Land Registry, which records the price paid in every property transaction in the country, show that the climb in prices in the city over the last 12 months was second only to Brighton.
Besley Hill Estate Agents report that there is still a huge demand for family homes in Bristol, where the average cost of buying a house rose by 15.9 per cent.
That is almost double the average rise for the UK as a whole, which was 8.5 per cent.
The Land Registry figures give a breakdown of sales in each area of the country and are based on the final price paid – not the asking prices.
The average house in Bristol cost £173,867, while in North Somerset the cost was £179,325, an increase of 9.2 per cent over the last year.
In South Gloucestershire the average house cost £181,506, an increase of 11.1 per cent. In Bath & North East Somerset, the average property sold for £230,831, an increase of 14.5 per cent.
In England and Wales the national average now stands at £165,596.
Bath is fourth on the list of areas with fastest growing property prices, with South Gloucestershire 21st and North Somerset 31st out of 111 areas.
Thursday 3 June 2010
House prices continuing to increase says Nationwide
House prices are still rising, according to the latest monthly survey from the Nationwide building society.Prices went up by another 0.5% in May, pushing the price of the average UK home up to £169,162 which was £15,000 more than a year ago. Annual house price inflation fell slightly last month though, from 10.5% to 9.8%. But the Nationwide said prices might keep on rising modestly as few properties were being put up for sale.
"Housing market conditions remain characterised by thin transaction volumes and a relative scarcity of properties for sale, despite a slow return of more sellers in recent months," said the Nationwide's chief economist Martin Gahbauer. "The current supply-demand balance on the market is still consistent with relatively stable to modestly upward trending prices."
Going up
Prices have now gone up in 12 of the last 13 months, acccording to the Nationwide, a consistent level of price increase which has taken many observers by surprise. With the level of sales still very low by historical standards, prices appear to being pushed up by a relative shortage of properties for sale.
"Since reaching a trough in February 2009 - following a drop of 19.3% from their October 2007 peak - house prices have risen by 12.2% and are now just 9.5% below the October 2007 peak," Mr Gahbauer said.
The Nationwide's report is very much in line with other house price surveys. Its rival the Halifax has recently put annual house price inflation at nearly 7%, the Communities & Local Government Department calculated it at 9.7%, while the Land Registry has put it at 8.5% for England and Wales.
Hips
The recent abolition of the requirement for house sellers to provide a home information pack (Hip) to prospective buyers has also had a positive affect on the Bristol housing market.
“The removal of Hips has definitely seen more sellers come to market and so the fresh stock will increase over the coming months – great news for all homebuyers – this coupled with very steady increases in values means we are slowly returning to a normal market” added Adam Offer of Besley Hill.
Source BBC News 03.06.10
"Housing market conditions remain characterised by thin transaction volumes and a relative scarcity of properties for sale, despite a slow return of more sellers in recent months," said the Nationwide's chief economist Martin Gahbauer. "The current supply-demand balance on the market is still consistent with relatively stable to modestly upward trending prices."
Going up
Prices have now gone up in 12 of the last 13 months, acccording to the Nationwide, a consistent level of price increase which has taken many observers by surprise. With the level of sales still very low by historical standards, prices appear to being pushed up by a relative shortage of properties for sale.
"Since reaching a trough in February 2009 - following a drop of 19.3% from their October 2007 peak - house prices have risen by 12.2% and are now just 9.5% below the October 2007 peak," Mr Gahbauer said.
The Nationwide's report is very much in line with other house price surveys. Its rival the Halifax has recently put annual house price inflation at nearly 7%, the Communities & Local Government Department calculated it at 9.7%, while the Land Registry has put it at 8.5% for England and Wales.
Hips
The recent abolition of the requirement for house sellers to provide a home information pack (Hip) to prospective buyers has also had a positive affect on the Bristol housing market.
“The removal of Hips has definitely seen more sellers come to market and so the fresh stock will increase over the coming months – great news for all homebuyers – this coupled with very steady increases in values means we are slowly returning to a normal market” added Adam Offer of Besley Hill.
Source BBC News 03.06.10
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