http://www.publicangel.com/forum/showforum.php?fid/11/Discussions about buying property in the UK.noneWed, 04 Jun 2008 13:28:37 GMTWed, 04 Jun 2008 13:28:37 GMThttp://blogs.law.harvard.edu/tech/rssFusionBB 2.2 Beta 3 (www.fusionbb.com)http://www.publicangel.com/forum/showtopic.php?tid/91/http://www.publicangel.com/forum/showtopic.php?tid/91/
Almost three quarters of homes for sale in London at the time of the run on Northern Rock are still on the market eight months later, according to property portal Primemove.com, and are set to languish unsold if vendors don't accept price cuts.
The collapse of Bear Stearns, Britain's mortgage famine and doom-laden March statistics from the Halifax have at last forced industry experts to revise their determinedly optimistic predictions of single-digit growth for 2008. London may have outperformed the rest of the Halifax league table - prices rose by 1.6 per cent against a 2.5 per cent drop nationwide - but no one believes the capital is immune to the slide.

Liam Bailey, head of residential research at Knight Frank, formerly forecasted growth of 3 to 4 per cent. Now, he thinks prices will drop by around 5 per cent this year, possibly up to 10 per cent, if the banks don't start lending in volume again.

MORE information http://www.telegraph.co.uk/property/main.jhtml?xml... ]]>Thu, 17 Apr 2008 09:44:39 GMThttp://www.publicangel.com/forum/showtopic.php?tid/87/http://www.publicangel.com/forum/showtopic.php?tid/87/
Please read below new article also.

The Royal Institution of Chartered Surveyors' measure of sentiment in the U.K. housing market fell to the lowest since records began in 1978 in March as mortgage lending dried up.

The number of residential property agents and surveyors saying prices declined exceeded those reporting gains by 78.5 percentage points in March, compared with 65.7 points in February, RICS said today. A gauge of price expectations dropped to a 10- year low. A separate report showed retail sales fell for the first time since 2006.

Falling house prices threaten to exacerbate the slowdown in the economy, which may grow 1.6 percent this year, the least since 1992, the International Monetary Fund predicts. The Bank of England cut the benchmark interest rate for the third time since December this month after banks raised borrowing costs and curbed mortgage lending.

``The situation we have is serious and it will get worse,'' David Stubbs, an economist at RICS, said in an interview on Bloomberg Television. ``It will take more interest-rate cuts and a restoration of confidence before we see a return to health.''

The pound dropped to a record 80.64 pence against the euro after the report and traded at 80.478 pence at 10:53 a.m. in London. Against the dollar, the U.K. currency fell to $1.9688. ]]>Tue, 15 Apr 2008 12:19:12 GMThttp://www.publicangel.com/forum/showtopic.php?tid/49/http://www.publicangel.com/forum/showtopic.php?tid/49/
In the process of dealing with these debts one particular nasty creditor refused to deal, as they said that they had placed a charge on the property. I did explain to them that my clients are renting, however they said they would not deal, as they had a charge on the property.

I then contacted land registry and they confirmed that there was a charge on the property.

GG also checked and confirmed that a charge was registered against the property which he owned, even though it was not his debt.

So we are assuming that the charge was registered against the property during the purchasing process.

GG also contacted his solicitor, who knew about the charge and said they were working on it, but failed to inform GG of the problem.

I would suggest that a short while after the purchase of a property you check with land registry to make sure nothing has slipped through the net!!!

Get your solicitor to do a "Priority Search" this ensures that no charges can land on a property for 30 days, whilst the Priority Search is in place. I also understand that there is an additional cost of £2.00 - £6.00 to implement this. ]]>Wed, 12 Dec 2007 07:28:44 GMT