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March 20, 2010
Deposit protection required for tenancies of £25,000 plus
Permalink: Deposit protection required for tenancies of £25,000 plus
by Gill Montia
New rules that, from October, will oblige landlords to formally protect deposits on tenancies worth between £25,000 and £100,000 a year have been welcomed by the Deposit Protection Service (DPS).
According to the firm, the move will bring around 15,000 ...
March 19, 2010
HMRC embarks on capital gains tax sweep
Permalink: HMRC embarks on capital gains tax sweep
by Gill Montia
HM Revenue & Customs (HMRC) is turning its attention to people who have bought and sold properties but failed to settle up their tax liabilities, both The Times and The Daily Telegraph have reported.
According to the newspapers, accountants have been ...
Tenant Services Authority receives new powers
Permalink: Tenant Services Authority receives new powers
by Gill Montia
More than eight million tenants across England are set to benefit from six new standards drawn up by the Tenant Services Authority (TSA), the body that regulates the social housing sector.
The standards come into effect from 1st April and cover how ...
March 18, 2010
Mortgage lending sees marginal rise in February
Permalink: Mortgage lending sees marginal rise in February
by Kay Murchie
The Council of Mortgage Lenders (CML) has today revealed a slight rise in mortgage lending for the month of February.
According to the Council, gross mortgage lending rose by 6% during the month compared with January but still remains 6% lower ...
March 17, 2010
Landlords benefit as first-time buyer house prices rise
Permalink: Landlords benefit as first-time buyer house prices rise
by Gill Montia
The latest house price index from the Department for Communities and Local Government puts the value of the average UK home up 2.2% in January, compared with December.
The increase takes the annual rise to 6.2% and the average house ...
Pension plight unrelieved for British ex-pats
Permalink: Pension plight unrelieved for British ex-pats
by Gill Montia
Retired Britons who have chosen to live abroad have been dealt a blow by the European Court of Human Rights.
Following a lengthy legal battle, the Court's Grand Chamber has decided against forcing the UK government to pay annual state pension increases ...
New guide for novice landlords
Permalink: New guide for novice landlords
by Gill Montia
Since 2001, the number of rental properties in the UK has risen substantially and mydeposits.co.uk is reminding landlords just how important it is to understand what is required when letting a property.
Chief executive, Eddie Hooker, explains: “With new landlords entering the property ...
March 16, 2010
DCLG: House prices 6.2% higher in January on year
Permalink: DCLG: House prices 6.2% higher in January on year
by Kay Murchie
Data from the Department for Communities and Local Government (DCLG) showed today that UK house prices rose 2.2% in January compared with December with the average UK home costing £207,159.
On an annual basis, prices are up 6.2% compared ...
Rising rents push returns to two-year high
Permalink: Rising rents push returns to two-year high
by Gill Montia
The latest buy-to-let index from LSL Property Services shows rents in England and Wales rising 0.3% in February, to an average £658 per month.
The figure is 3.2% higher than one year ago, with the rise roughly in line with inflation. ...
March 15, 2010
Asking prices up just 0.1% in March
Permalink: Asking prices up just 0.1% in March
by Kay Murchie
Property website, Rightmove, has today reported the annual growth in asking prices for residential property in England and Wales for the four weeks to March 6 slowed for the first time in a year.
On an annual basis, growth slowed from ...
Lloyds encourages mortgage overpayments
Permalink: Lloyds encourages mortgage overpayments
by Kay Murchie
The UK’s biggest mortgage lender, Lloyds Banking Group, is encouraging homeowners to pay off their mortgages early.
Borrowers are being invited to overpay their mortgages by up to 20%.
Currently, Lloyds’ annual limit is a 10% overpayment per year but in the current ...
March 12, 2010
Mortgage lending falls in January as buyers desert market
Permalink: Mortgage lending falls in January as buyers desert market
by Kay Murchie
The Council of Mortgage Lenders (CML) has today revealed a fall in mortgage lending for the month of January.
According to the Council, there were just 32,000 loans approved for house buyers during the month – a fall of ...
Property transactions down in 2010
Permalink: Property transactions down in 2010
by Kay Murchie
According to a report by research group, Acadametrics, the number of property transactions fell to 36,000 in January - a 52% fall compared with the previous month.
The group also estimates that transactions only rose marginally to 40,000 in February.
However, the group ...
Research finds 30% providing unsatisfactory Hips
Permalink: Research finds 30% providing unsatisfactory Hips
by Kay Murchie
The controversial Home Information Packs (Hips) have hit the headlines again this week after research found that 70% (26 Hips in total) were rated satisfactory or reasonably satisfactory, while 30% (11 Hips) rated unsatisfactory when measured against Hip regulations.
The research conducted ...
March 10, 2010
Barratt shares up on takeover speculation
Permalink: Barratt shares up on takeover speculation
by Kay Murchie
Shares in Barratt Developments rose 6% today on the back of rumours that fellow housebuilder Persimmon is considering a takeover bid for the group, according to traders.
City traders believe Persimmon could make a bid at 170p a share. However, both housebuilders ...
City rents hold steady as banks begin to hire
Permalink: City rents hold steady as banks begin to hire
by Gill Montia
A boost in recruitment in the banking sector has pushed up rental demand in and around the City, reports property consultants, Cluttons.
Recruitment firm Michael Page recently announced that bankers are now twice as much in demand in the ...
Landlord confidence shines through
Permalink: Landlord confidence shines through
by Gill Montia
Sixty-one per cent of landlords are feeling more confident about the buy-to-let sector, according to the latest Rental Confidence Index from Upad.
The proportion is up from 57% a month ago, marking the fourth consecutive monthly rise.
Research from the lettings portal also records landlords' ...
Buy-to-let lenders soften-up on deposits
Permalink: Buy-to-let lenders soften-up on deposits
by Gill Montia
Buy-to-let borrowing limits have begun to thaw, according to letting agent, LetAssured.
With many lenders demanding deposits of over 30%, London & Country is breaking the ice by offering a three-year fixed rate of 6.49%, with a fee of £995 on a ...
March 9, 2010
First-time buyer numbers continue to dwindle
Permalink: First-time buyer numbers continue to dwindle
by Kay Murchie
According to property website, Rightmove, the proportion of people who plan to buy a home who are first-time buyers has fallen for the second quarter in a row to almost 26%.
Rightmove said the situation is worse in Scotland, where only one ...
Rics: Balance between buyers and sellers shifts
Permalink: Rics: Balance between buyers and sellers shifts
by Kay Murchie
According to the Royal Institution of Chartered Surveyors (Rics), there appears to be a shift in the housing market.
In the latter half of last year, house prices started to rise as a shortage of properties on the market and ...
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