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Alternatively you can call us on 0845 053 6906 to discuss your

Some reports today have been rather uncertain, even negative, in terms of 2011 property market, however certain commentators are more positive about the prospects for potential buyers in 2011.

"Lenders are becoming more flexible and have more funds available, which may lead to a favourable effect on the market in 2011," said Malcolm Waldron, regional director of estate agent Kinleigh Folkard & Hayward Financial Services.

He added: "This is unlikely to encourage an increase in the number of transactions but it could mean a wider range of mortgage products on offer for those borrowers who

The tough mortgage environment in 2011 will impact heavily on first-time buyers, as the large deposits required by lenders and difficulties obtaining finance will continue to keep many from getting a foot on the bottom rung of the ladder.

According to the CML, with funding in short supply, the availability of mortgages for first-time buyers will remain limited, with lenders likely to continue to have only a "modest appetite" for advancing mortgages at higher loan-to-value ratios.

"Mortgage lending will continue to be the preserve of those with large deposits, perfect credit and steady

Although it was reported this morning on BBC News that mortgage lending rose in November 2010, Melanie Bien, director of broker Private Finance, told MSN Money today: "There will be some great buying opportunities in 2011, but the problem will be securing the mortgage finance to do it, as the lending market is likely to tighten further."

This echoes the recent warning from the CML that a critical new era of even tighter lending will be ramped up in the spring.

"From April onwards, lenders will have to repay the funding advanced through official support schemes," a CML spokesman said.

According to reports on MSN today, Halifax, interest rates are likely to remain very low for some time, and they predict no more than one rise to the Bank of England base rate in 2011.

"This will underpin the favourable affordability position for those able to enter the market," said Halifax's Martin Ellis. "The low interest rate environment has reduced the burden of servicing mortgage debt. Typical mortgage payments for a new borrower have fallen from a peak of 48% of average disposable earnings in mid-2007 to around 30% now, which is an important factor supporting housing demand."

The

With the property market still weak and house prices expected to fall further in 2011, many commentators are claiming this could be the year to bag a property bargain. New research from the Building Societies Association (BSA) shows that public opinion about buying property in 2011 is positive. According to the findings, nearly two-thirds of us would buy immediately or within the next year, given sufficient money. But while low interest rates and competitive property prices may be tempting you to dip a toe back into the market, is this really the right time to buy?

Should you cash in on

Research released today as indicated that First-time buyers are having to find average deposits of nearly £29,000 in order to get on to the property ladder.

The typical first-time buyer put down a deposit of £28,770 during 2010 - the equivalent of 21% of the value of the home they were buying, according to mortgage lender Halifax. The figure is nearly three times the typical deposit of £9,865 saved by people buying their first home in 2000.

The situation is even worse for first-time buyers in London, who had to find deposits of just over £56,000, while those in the South East had to save

We wish you a merry christmas

We wish you a merry christmas

We WISH you a merry christmas

And a HAPPY NEW YEAR!

The UKAL team will be signing off for a few days over the festive period, however our dedicated PA's will be on call 24/7 for anyone needing to speak with us urgently.  We hope that you all have a fun filled Xmas and a healthy and prosperous 2011!

As another year draws to a close, one of our auction partners, Mark Willett from Goldings reports on a few statistics from what has been their most successful auction yet:

Total value of property sold - £7.8 million
Average sale price - £102,335
Percentage of lots entered sold – 93%

We look forward to working with them even more next year and wish all our auction partners a Happy Christmas and successful 2011!