User: sandman1965 Topic: real estate
Category: Home Loans
Last updated: May 30 2015 06:37 IST RSS 2.0
 
1 to 20 of 5,757    
Trader fined Rs 1.9 crore for defying plastic ban 30.5.2015 TOI: Home
A shopkeeper with a monthly income of Rs 12,000 has been fined a whopping Rs 1.9 crore for failing to comply with the 'no plastic' order in the hill station.
Also found in: [+]
Housing policy is a disaster – so let’s make it worse 29.5.2015 The Guardian -- Front Page
The chancellor trumpets his long-term economic plan, but right-to-buy is a short-term charade George Osborne reminds us so often of his “ long-term economic plan ” that it’s hard sometimes to remember he hasn’t got one. The chancellor does have a long-term economic belief, though, which is that if you cut taxes and state subsidy, economic plans will sprout up all over the place, melding together into one big “plan”. Hopefully. The government has a long-term economic hope that the consequences of its short-term economic plan will be positive. Even though the Blair-Brown interregnum involved quite a lot of state spending, they left one aspect of the previous Tory government’s long-term economic hope pretty much to its own devices. The UK’s long-term economic plan for housing has been running ever since tenants got the right to buy their council house in 1980. Part of the plan was that councils should refrain from supplying affordable housing, liberating the home-building sector from unfair competition and ...
Also found in: [+]
Booming buy-to-let puts £112bn in pockets of British landlords 28.5.2015 The Guardian -- Front Page

Rental income is worth almost £4bn a month nationwide as the sector’s popularity for investment continues to increase, locking out first-time buyers

British landlords earned £112bn from capital gains and rental income last year, in the latest example of the booming buy-to-let market.

As would-be first-time buyers struggle to get a toehold on the housing ladder amid rising property prices and tougher mortgage-lending criteria, investors continue to pile in to the rental market.

Related: Landlords enjoy £14bn tax breaks as figures reveal buy-to-let expansion

Continue reading...
Also found in: [+]
Should we sell both houses or rent one out? 28.5.2015 The Guardian -- Front Page

My wife and I are thinking of buying a new home and we’re not sure what to do with our respective buy-to-lets

Q I rent my house out to a friend for £600 a month. My mortgage for the property is £623 a month and I have nine years left on it with £63,000 outstanding. The house is worth approximately £120,000 so I have £57,000 in equity.

I am looking to buy a new home with my wife for around £130,000. She too, owns a property worth £115,000, pays £450 a month for her mortgage and has about £20,000 in equity. We don’t know whether to sell both properties and buy a new house, or alternatively rent one of them out. But we think owning three houses could be too risky.

Continue reading...
Also found in: [+]
Landlords enjoy £14bn tax breaks as figures reveal buy-to-let expansion 26.5.2015 The Guardian -- Front Page
Shelter urges review of tax treatment of landlords as freedom of information request shows they declared £6.3bn against mortgage interest in 2012-13 Landlords enjoyed a record £14bn in tax breaks in 2013, according to figures revealing the expansion of the UK’s buy-to-let market in the aftermath of the financial crisis. Some £6.3bn was declared against the cost of mortgage interest alone in the 2012-13 financial year, according to information obtained by the Guardian from HMRC through a freedom of information ...
Also found in: [+]
A six-point guide for home loan borrowers 24.5.2015 Rediff: GetAhead
It's important you keep the following points in mind as you set out to have your name plate on the wall.
Also found in: [+]
Stable prices bringing NRIs back to real estate market: HDFC 24.5.2015 DNA: Top News
Stability in housing prices and favourable rupee movements are bringing back the NRIs in a big way to the real estate market, mortgage giant HDFC has said. To tap their interest, HDFC as also a number of property developers are undertaking special marketing campaigns including by way of organising property fairs in places with high NRI population such as the US and the UK. Interestingly, the non-resident Indians living abroad are showing a renewed interest in the Indian housing market at a time when the local demand is relatively sluggish. "We are seeing a lot of interest from the NRI community. The rupee depreciation against the US dollar is also helping, for the prospective home buyers from the American continent," HDFC Ltd Managing Director Renu Sud Karnad told PTI. HDFC, the country's largest mortgage lender, has planned 'India Homes Fair' exhibition in London on May 30-31, which will have more than 100 projects on display from across India. Karnad said that housing prices have stabilised, while ...
Also found in: [+]
UK mortgage deals jump by nearly a fifth as competition heats up 23.5.2015 The Guardian -- Front Page
Returning confidence in the housing market, combined with stimulus schemes such as Help to Buy, have encouraged lenders to offer more deals The number of mortgage deals on the market has jumped by nearly a fifth in a year to its highest level since the financial crisis. A year after the mortgage market review brought in new affordability checks, the total number of different home loans available in April was up 19% from 11,416 to 13,539, according to data from the Mortgage Advice Bureau. The figures suggest that consumer choice has not been restricted by the new rules and that competition has returned to the market. In the months after the financial crisis began, banks and building societies stopped offering high loan-to-value mortgages and focused on a small range of deals for the most creditworthy borrowers. Returning confidence in the housing market, combined with stimulus schemes such as Help to Buy, have encouraged lenders to offer more deals to those with small deposits. Meanwhile, low interest ...
Also found in: [+]
Housing crisis will halve number of young homeowners in five years 22.5.2015 The Guardian -- Front Page
Housing charity Shelter warns only 20% of 25- to 34-year-olds will be on the property ladder in 2020 compared with 60% recorded 10 years ago The number of young adults able to buy homes could fall nearly 50% within five years unless the government addresses the housing shortage, a report has claimed. Over the past decade, home ownership among 25-34-year-olds has dropped by a third, from 1.8m to 1.2m, and analysis by the housing charity Shelter published on Friday suggests that if current trends continue, the number of young homeowners will drop to about 616,600 by the end of this parliament. This would mean that less than 20% in that age group would have made it on to the property ladder, compared with nearly 60% a decade ...
Also found in: [+]
DLF's debt up by Rs 628 crore, sales bookings slip 5% 21.5.2015 Sify Finance
Also found in: [+]
Average home prices hit record high of Rs 52 lakh: HDFC 18.5.2015 Sify Finance
Also found in: [+]
Five spoilers home loan applicants must heed 18.5.2015 TOI: India Business
Before you apply for a home loan, keep the following points in mind.
Also found in: [+]
Home prices hit roof, but affordability near its best: HDFC 17.5.2015 DNA: India
Housing prices have risen to record high levels, but increase in disposable income of the homebuyers has made the purchase of a house most affordable in over a decade, according to mortgage giant HDFC Ltd. The average property value of housing units has appreciated to an all-time high of over Rs 52 lakh, while the annual income of the homebuyer has grown to near Rs 12 lakh, also a record high level, shows the data compiled by HDFC. A sharper increase in the income levels, as compared to the housing prices, has brought down the affordability ratio to 4.4, the lowest in more than a decade since 4.3 in the year 2004 which remains the all-time low score. A lower ratio means it has become more affordable to purchase the house. The affordability ratio equals the average property price divided by the annual income and determines how affordable a housing unit is for a homebuyer as per his or her income. In its latest annual update on the mortgage market in India, HDFC said the improved affordability has largely ...
Also found in: [+]
Home prices hit roof, but affordability near its best: HDFC 17.5.2015 Rediff: Business
Home prices firm up in 2015 in India.
Also found in: [+]
Home prices hit roof, but affordability near its best: HDFC 17.5.2015 TOI: India Business
Housing prices have risen to record high levels, but increase in disposable income of the homebuyers has made the purchase of a house most affordable in over a decade, according to mortgage giant HDFC Ltd.
Also found in: [+]
$400,000 US home on sale for $1 and a few words 16.5.2015 TOI: The United States
A home in a popular Houston neighborhood valued at nearly $400,000 has been put on the block for the sale price of $1 and one compelling ...
Also found in: [+]
I don’t want to be London mayor, but who else will do what needs to be done? | Lindsey Garrett 15.5.2015 Guardian: Comment is Free
This lunacy over housing and land is hollowing out London and destroying its communities. Here’s my vision of the city I want to live in To tell you the truth, the last thing I want is to become London mayor. My neighbours and I on the New Era estate in east London went through months of hell , because our landlord wanted to do something entirely legal to us: evict us from our homes and make as much money as they could from other people. We got sympathy from the public, the mayor of London, our council and even from government ministers. But no one proposed laws that would have protected us. In London we have the most grasping agents, the craziest rents and a culture where tenants are treated as rent ...
Also found in: [+]
HDFC among world's top 10 consumer finance firms 11.5.2015 Sify Finance
Also found in: [+]
Want to retire soon? Here is your action plan 11.5.2015 Rediff: GetAhead
By diligently following these steps, the only thing you need to think is not when and how to retire, but how to rewire yourself post retirement.
Also found in: [+]
One more feather to HDFC's cap 11.5.2015 Rediff: Business
It is ranked 7th on the list of world's top-10 consumer finance firms
Also found in: [+]
1 to 20 of 5,757