http://www.wighthomeloans.co.uk News about mortgages and home loans on the Isle of Wight http://wighthomeloans.co.uk/images/mortgages-header.png http://wighthomeloans.co.uk/ http://www.wighthomeloans.co.uk/news/Free-Life-Cover/29/ New Parent Free Life Cover10000 free life cover for new parents during their babys first year of life.FeaturesHere are some of the features of New Parent Free Life Cover It is a life insurance plan that provides 10000 free life cover for a parent if they die on or before their childs first birthday. Single life cover only.Here are some of the facts you need to know about the new parent free life cover CriteriaMinMaxDetailNotesAge limits for new parentsMin age at entry18 years oldMaximum age at entry66 years oldEligibilityMaximum age of childThe chi ... Sun, 08 May 2011 08:42:33 +0000 GMT http://www.wighthomeloans.co.uk/news/Latest-House-Price-Report/28/ House prices fall by 0.2 in April House prices fell by 0.2 in April Price of a typical home in April is 1.3 lower than one year agoHeadlinesMar 11Apr 11Monthly Index329.9329.1Monthly Change0.50.2Annual Change0.11.3Average Price164751165609 Seasonally adjusted figure Note that monthly changes are revised when seasonal adjustment factors are reestimatedCommenting on the figures Robert Gardner Nationwide's Chief Economist saidThe price of a typical house fell by 0.2 in April which left prices 1.3 lower than the same period of 2010 ... Thu, 05 May 2011 08:08:09 +0000 GMT http://www.wighthomeloans.co.uk/news/August-House-PricesHometrack-report/27/ August house prices down by most since April 2009 Hometrack British house prices suffered their biggest fall since April 2009 this month declining by 0.3 percent property data company Hometrack said on Monday in its monthly survey of estate agents and surveyors. August is traditionally a weak month for British house prices with many buyers on holiday and Hometrack's data are not seasonally adjusted. Nonetheless the firm said a downward price trend was now underway after July's 0.1 percent fall. The housing market is in the process of a modest repricing that is likely to run for ... Thu, 21 Apr 2011 10:56:17 +0000 GMT http://www.wighthomeloans.co.uk/news/House-Price-Rise/26/ Land Registry Figures Show House Price Rise UK house prices rose by 0.4 monthonmonth between June and July Land Registry figures show. It takes the annual increase in prices to 6.7 meaning the average property in England and Wales is now worth pound166798. Nine regions in England and Wales experienced increases in their average property values over the last 12 months the Land Registry said. The region with the highest annual price change was London with an increase of 12.1. At the other end of the scale the region with the greatest annual price fall was the North East with ... http://www.wighthomeloans.co.uk/news/Q2-GDP-up/25/ Q2 GDP growth unexpectedly revised up to nineyear highnbsp Reuters David Milliken and Matt Falloon Britain's economy grew faster than originally thought in the second quarter of the year with growth hitting a nineyear high official data showed on Friday but analysts doubt the pace of recovery can be sustained. The Office for National Statistics said the economy grew by 1.2 percent in the three months to June up from its preliminary estimate of 1.1 percent after construction output proved stronger than first estimated. Analysts expected no revision. On the year the econom ... http://www.wighthomeloans.co.uk/news/Redundancy-Article/24/ How to deal with redundancy By Donna Ferguson Of Lovemoney.com The threat of redundancy can make us feel vulnerable miserable and helpless. But in fact there are plenty of things you can do. Take control with this stepbystep guide. We all hope redundancy isnrsquot something wersquoll ever have to experience. But frankly many of us will and when it happens it will probably come as a horrible shock. Knowing your rights should help soften the blow. So herersquos a stepbystep guide through the redundancy maze. The moment of impact At the moment yoursquore told th ... http://www.wighthomeloans.co.uk/news/Interest-rates-to-remain-low/23/ Interest rates will be kept on hold at 0.5 until the end of 2013 predicts leading economist Ernst amp Young. It says high energy prices and the increases in VAT will keep CPI inflation above target over the next 18 months but it will then move well below 2 as these effects wear off and spare capacity bears down on pricing decisions and wage bargaining. To prevent CPI inflation moving below 1 it says it will be necessary to keep the Bank base rate low at 0.5 for much longer than the markets have anticipated. The Ernst amp Young ITEM Club forecasts that the base rate will remain ... http://www.wighthomeloans.co.uk/news/Buying-is-cheaper-than-Renting/22/ Buying cheaper than renting Buying a property is now cheaper thanrenting in 74 of places in the UK. According to research conducted by propertyinformation group Zoopla average monthly mortgage repayments cost 8 less thanrent assuming an interestonly type mortgage charged at 5 interest. According to Zoopla it makes more financialsense to buy than rent property in London Birmingham Derby Cambridge MiltonKeynes Nottingham York Peterborough and Norwich. Despite the astronomical price of propertyin the capital average rents work out even more costly due ... http://www.wighthomeloans.co.uk/news/Five-reasons-not-to-panic-over-house-prices/21/ Five reasons not to panic over house prices By Christina Jordan Lovemoney.com By anyones measure theres been a lot of doom and gloom recently surrounding UK property prices. First Halifax came out with a dreary house price report stating that June marked a hattrick of monthly house prices falls as Donna Werbner reported in House prices fall for three months in a row. The lender said average UK property prices fell 0.6 in June to 166203. ... http://www.wighthomeloans.co.uk/news/Average-House-Prices/20/ AverageUK home now worth pound218705 By Zoopla The average UK home is nowworth pound218705 up pound21667 11.02 since March 2009 according to propertywebsite Zoopla.co.uk which provides free value estimates for every UKhome. However this figure remainsmore than pound20000 below the November 2007 peak when average house pricesreached pound239063 showing that despite the rebound over the last 16 months onlyhalf the ground lost over the prior 16month period has been made up. As we enter the second halfof 2010 the UK residential property mar ... http://www.wighthomeloans.co.uk/news/The-future-of-house-prices/18/ By the simple measure I use for house prices ndash the longterm trend ndash prices are somewhat high now. But if they remain at the same level they'll be somewhat low in just two years as I explained in Should I buy or carry on ranting For that reason I don't think house prices are something homeowners need to worry about if they're taking a longer viewpoint. But will there be some help for firsttime buyers with another shortterm drop in prices I'll let you give your best guess on that. To help you here are the leading arguments b ... http://www.wighthomeloans.co.uk/news/House-prises-rise/17/ Asking prices increased by 3.2 per cent in the four weeks to February 6 research indicated today. The jump was the biggest rise for homes in England and Wales since April 2007 according to data from Rightmove.co.uk the property website. It pushed the average cost of a home up to pound229398 ndash 6.1 per cent higher than a year earlier ndash while asking prices in London climbed to a record high of pound427987. However Rightmove said that the economic fundamentals could not support further price increases of this magnitude. Moreover the company cautioned that in some ca ... http://www.wighthomeloans.co.uk/news/House-Prices-rise-for-fifth-month/16/ House prices rise for fifth month in succession Average price of a property in UK now pound161816 back to same level as this time last year House prices rose for the fifth month in a row in September and are now back to the same level as this time last year figures released by the UK's largest building society showed today. Nationwide's latest snapshot of the housing market revealed that prices were up 0.9 over the month bringing the annual rate of inflation to 0. Nationwide said the average price of a property in the UK was now pound161816 up from pound160224 in August. ... http://www.wighthomeloans.co.uk/news/House-Prices-Up-for-Third-Month-in-June/15/ LONDON Reuters House prices rose for a third month running in July the Nationwide Building Society said on Thursday providing further evidence that property prices may have stabilised despite low turnover. The mortgage lender said house prices rose 1.3 percent this month the fourth increase in five months. That took the annual rate of decline to 6.2 percent its smallest drop in more than a year. Martin Gahbauer Nationwide's chief economist said tight supply pentup demand and historically low interest rates had been enough to produce a bounce in prices despite the worst recessio ... http://www.wighthomeloans.co.uk/news/Bank-mortgage-data-seen-upbeat-/14/ The Bank is set to release a raft of mortgage credit and money supply data on Wednesday offering a last glimpse at the effectiveness of its quantitative easing scheme before its August Economists expect a modest rise in mortgage approvals to 47000 in June from 43414 the month before and for the total lent to almost double to 600 million pounds albeit from a very low base of 324 million the previous month. Nonetheless the level of mortgage approvals remains well below the levels of around 70000 consistent with rising house prices and economists expect a less upbeat message from ... http://www.wighthomeloans.co.uk/news/June-Lending-Figures/13/ The Council of Mortgage Lenders have added the following information to their website today 20072009. Gross mortgage lending in June was an estimated pound12.3 billion a 17 increase from pound10.5 billion in May and a 48 decline from pound23.8 billion in June 2008 according to new data from the Council of Mortgage Lenders.nbsp Gross lending in the second quarter of 2009 totalled an estimated pound33.3 billion unchanged from the first quarter which was the lowest quarterly reading since the first quarter of 2001.nbsp CML economist Paul Samter said The pickup i ... http://www.wighthomeloans.co.uk/news/House-Prices-Will-Rise-RICS/12/ Surveyors expect house prices to rise during the coming quarter for the first time in more than two years research has suggested. The Royal Institution of Chartered Surveyors RICS said a low level of properties on the market combined with increasing buyer inquiries was providing a platform for modest price increases. But it warned that there was unlikely to be a sustained recovery in the housing market until mortgage lending increased. The group said 6 more chartered surveyors expected prices to rise during the coming three months than those who expected falls up from 11 more ... http://www.wighthomeloans.co.uk/news/080709-House-prices/11/ House prices fell 0.5 percent in June taking prices down 15.0 percent in the three months to June versus a year ago the smallest annual fall since last November mortgage lender Halifax said on Wednesday. That left the average price of a home at 157713 pounds. Analysts had forecast a fall of 0.7 percent on the month for a threemonth annual decline of 14.7 percent. ... http://www.wighthomeloans.co.uk/news/Response-to-credit-conditions-by-CML/10/ Responding to the latest Credit Conditions Survey from the Bank of England CML economist Paul Samter said The positive news is that there was a small increase in the availability of credit in the second quarter and lenders expect this trend to continue in the next few months with a modest expansion in access to mortgages at higher loantovalue and loantoincome ratios. Unfortunately however not all lenders are in the same position. Some of the increase in capacity is due to commitments made by some large lenders signing up to the asset protection scheme. But there has been a signif ... http://www.wighthomeloans.co.uk/news/172009-GDP-DownHouse-Prices-Up/9/ Britain's recessionbattered economy shrank at its fastest pace in more than 50 years during the first quarter of 2009 in the worst global slowdown in decades revised official data showed on Tuesday. Gross domestic product GDP contracted 2.4 percent in the first three months of the year compared to the final quarter of 2008 the Office for National Statistics ONS said in a statement. Despite the worsethanexpected data analysts predicted a brighter future for the economy as figures showed house pricesrecovering. GDP in real terms fell by 2.4 percent in the first quarter compa ... Wed, 04 May 2011 12:22:17 +0000 GMT http://www.wighthomeloans.co.uk/news/29062009-Market-Trends/8/ The annual fall in house prices in England and Wales has slowed for a third successive month in June after rising demand outpaced the supply of homes for sale property data company Hometrack said in its monthly survey on Monday. House prices are now 8.7 percent lower than a year ago compared to 9.6 percent lower in May. Hometrack's nonseasonally adjusted monthly figures show house prices static for the past two months. Houses achieved 91.0 percent from 90.3 percent of their asking price its highest in a year and the number of sales agreed and potential buyers also rose A lack of ... http://www.wighthomeloans.co.uk/news/22062009-House-sales-trends/7/ The National Association Of Estate Agents have reported that more houses were sold in April 09 than any month since Oct 07. See httpwww.naea.co.uknewsnews_details.aspxid480 For the full article. ... http://www.wighthomeloans.co.uk/news/22062009-Long-term-fixed-rates/6/ Some lenders are showing an increase in rates on long term fixed rate mortgages. nbsp ... http://www.wighthomeloans.co.uk/news/Base-Rate/4/ Currently still at 0.5 ...