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November 18, 2009
Britons eligible for Spanish property tax refund
Permalink: Britons eligible for Spanish property tax refund
by Gill Montia
A long-awaited ruling by the European Court of Justice means that Britons who sold property in Spain before 2007 and paid 35% in capital gains tax to the Spanish government could be eligible for a refund.
Under the country's tax laws, ...
November 17, 2009
Fears for housing market after stamp duty holiday ends
Permalink: Fears for housing market after stamp duty holiday ends
by Kay Mitchell
In September 2008, the Government opted to increase the stamp duty threshold from £125,000 to £175,000, in a bid to kick-start the housing market.
However, the stamp duty holiday is set to end on 31 December 2009 which, according ...
Moneyfacts sums up mortgage woes for landlords
Permalink: Moneyfacts sums up mortgage woes for landlords
by Gill Montia
New research from Moneyfacts.co.uk illustrates the extent to which the UK's buy-to-let mortgage sector has been crushed by the credit crisis.
According to the financial information website, 93% of all deals have disappeared in the past two years, with many landlords ...
November 16, 2009
Tenants to have more say with landlords
Permalink: Tenants to have more say with landlords
by Gill Montia
Landlord Assist is complaining that landlords are likely to be facing more red tape that could increase costs and deter entrants to the private rental market.
According to the tenant arrears and eviction specialist, new regulations for social housing landlords are ...
Asking prices fall in November as homeowners rush to sell before Christmas
Permalink: Asking prices fall in November as homeowners rush to sell before Christmas
by Kay Mitchell
Property website, Rightmove, has reported the first fall in asking prices for three months as homeowners rush to sell their homes before Christmas.
According to Rightmove, asking prices fell by 1.6% (almost £4,000) during the four ...
Persimmon sees housing market recovery
Permalink: Persimmon sees housing market recovery
by Kay Mitchell
The UK’s largest housebuilder by market value, Persimmon, said it saw an improvement in trading during the third quarter and has met its sales targets for the year.
While the company said it was concerned about the rise in unemployment, it said its ...
November 14, 2009
jml urges holiday villa owners to focus on marketing
Permalink: jml urges holiday villa owners to focus on marketing
by Gill Montia
jmlvillas.com is reminding owners of overseas self-catering holiday homes that the long dark evenings of winter are just the time when people think about next year’s vacation.
The firm, which advertises holiday villas and apartments in France, Italy, Spain, ...
Lettingsearch promises end of recession for landlords
Permalink: Lettingsearch promises end of recession for landlords
by Gill Montia
Lettingsearch.co.uk has declared the end of the recession for landlords as mortgage lending in the sector begins to pick up.
According to the lettings-only portal, buy-to-let investors are beginning to fight their way back into the property market with banks finally ...
Buy-to-let lending grows for first time in two years
Permalink: Buy-to-let lending grows for first time in two years
by Gill Montia
Gross lending in the buy-to-let mortgage market grew in the third quarter of 2009, for the first time in two years.
According to the Council of Mortgage Lenders (CML) gross values saw a 10% rise on the previous three ...
November 13, 2009
Arrears not the preserve of low income tenants
Permalink: Arrears not the preserve of low income tenants
by Gill Montia
Residential landlords at the higher end of the market are just as likely to be struggling with arrears as those who rent properties to lower income tenants.
According to Landlord Assist, it is easy to assume that lower income tenants ...
November 12, 2009
CML slashes repossession forecast
Permalink: CML slashes repossession forecast
by Kay Mitchell
The Council of Mortgage Lenders (CML) has today revealed that there were 11,700 properties repossessed during the third quarter of the year - a rise of just 3% on the 11,400 homes repossessed in the second quarter of the year.
The figures have led ...
EndsleighLet extends helping hand to LetSense customers
Permalink: EndsleighLet extends helping hand to LetSense customers
by Gill Montia
EndsleighLet is the latest insurer and credit referencing agency to extend a helping hand to LetSense customers.
LetSense is due to cease trading on 7th December and Endsleigh's Carlos Thompson is offering its existing customers a seamless transition to his firm's ...
Tiuta launches buy-to-let loan at 6.99%
Permalink: Tiuta launches buy-to-let loan at 6.99%
by Gill Montia
Bridging finance specialist, Tiuta, has launched a new buy-to-let product in a move that brings a ray of hope to a mortgage lending sector that has seen nothing but contraction since the onset of the credit crisis.
The three-year fix is available ...
Landlords grow in confidence but lending remains tight
Permalink: Landlords grow in confidence but lending remains tight
by Gill Montia
Paragon's latest Private Rented Sector Trends report proclaims a number of factors that point to strengthened landlord confidence in the third quarter of 2009.
According to the buy-to-let lender's research, landlords expect the net value of their property portfolios to ...
November 11, 2009
Mortgage lending still below ‘normal’ levels says CML
Permalink: Mortgage lending still below ‘normal’ levels says CML
by Kay Mitchell
The Council of Mortgage Lenders (CML) has today reported that 51,000 mortgages were agreed for house purchase in September - a rise of just 1,000 compared with August’s figure.
According to the Council, first-time buyers are still struggling to secure ...
November 10, 2009
HomeLet to rescue LetSense agents
Permalink: HomeLet to rescue LetSense agents
by Gill Montia
Tenant referencing and insurance firm, HomeLet, is offering assistance to agents linked to rival firm, LetSense, which is about to close.
John Boyle, HomeLet's managing director, says he has been contacted by a number of LetSense customers who are concerned about the closure ...
Rics cautiously optimistic for housing market recovery
Permalink: Rics cautiously optimistic for housing market recovery
by Kay Mitchell
In its latest survey of the housing market, the Royal Institution of Chartered Surveyors (Rics) said UK house prices are likely to keep on rising for the short-term.
The news will be a welcome boost for the economy, which failed to ...
November 9, 2009
Lack of stock pushes prices up in prime central London
Permalink: Lack of stock pushes prices up in prime central London
by Kay Mitchell
The Knight Frank Prime Central London Residential Index has revealed that the average asking price of a prime central London property was £1,333,129 in September - up 2.45% compared with August and on an annual basis, rose ...
Survey reveals house sales could be hit by slower broadband speeds
Permalink: Survey reveals house sales could be hit by slower broadband speeds
by Kay Mitchell
A survey by ISPreview.co.uk, a source of Internet Service Provider (ISP) information, has established that not matter how sought-after a property is, most people would not buy it if the best broadband speed it could achieve ...
HomesOverseas features Athena Mortgages
Permalink: HomesOverseas features Athena Mortgages
by Gill Montia
HomesOverseas.co.uk, part of the Trinity Mirror Digital group, has updated its website with the launch of "HO TV", a new TV section.
The overseas property investment portal now includes a video about mortgage specialists, Athena Mortgages, which is apparently a leading player in the ...
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