Residential property news in the last 7 days

10 Oct 2011

Today – Reported on fixed-rate deals 'to go within weeks'

"Homebuyers who want one of the ultra-cheap mortgage deals on offer at the moment are being advised to act now as these will soon disappear, to be replaced with pricier deals."

9 October – Reported on

Unwrap a new home in time for Christmas

"Redrow is building new homes at Saxon Court in Sherburn in Elmet, where some of the properties will be ready to move into in time for a good old-fashioned family Christmas.

To help get homebuyers into the festive spirit, a show home at Saxon Court has been dressed for Christmas complete with a tree and all the baubles. And this weekend (October 15/16), the award-winning housebuilder will be inviting homebuyers to join them for mince pies and mulled wine as they look around the development."

6 October – Reported on

Supermarket 'law shops' to sell legal services


"Banks and supermarkets are to be able to sell consumer legal services in England and Wales for the first time following a change in law."  It went on to quote Clive Sutton, of the Solicitors Sole Practitioners Group, who said: "The government seem unconcerned that the introduction of Alternative Business Structures puts at risk the independence of legal advice, via the profit interests of commercial owners."

5 October –  Reported on

Persimmon helps buyers reach first rung of the property ladder

"A FirstBuy information event hosted by Persimmon Homes at its Birch Hill Gardens development in Rochdale proved to be a resounding success.

Sales advisers at the development were inundated with visitors who were keen to learn more about FirstBuy – the newly launched Government equity loan scheme which is aimed at first time buyers who are keen to take that all important step onto the property ladder."

Diane England, sales director for Persimmon Homes Lancashire, comments: "The Persimmon Group was awarded the largest FirstBuy allocation of any house builder…" 

"FirstBuy is aimed at households with an income of less than £60,000 a year, with priority given to first time buyers. Eligible applicants are offered an equity loan of up to 20 per cent of the purchase price and can then gain a mortgage for the remaining amount."