December 15, 2009

Year of the professional landlord approaches

Permalink: Year of the professional landlord approaches
by Gill Montia

Rightmove is predicting that the New Year could see professional landlords triumph in the UK property market. The property website warns that post-election 2010 "we could see less forbearance shown by lenders to those with accumulating arrears", meaning more forced sales are ...


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Charities report reveals lenders ‘too fast to repossess’ Permalink: Charities report reveals lenders ‘too fast to repossess’ by Kay Mitchell A report by AdviceUK, Citizens Advice Bureau and Shelter has found that more families will find their homes being repossessed unless urgent action is taken by lenders. While the report found that some support packages for struggling homeowners are having ... (more...) House prices continue to rise say Rics Permalink: House prices continue to rise say Rics by Kay Mitchell The Royal Institution of Chartered Surveyors (Rics) has reported that more than a third of its members reported a price increase during November than those who reported a fall - the highest level in three years. Rics added that the trend ... (more...) December 14, 2009 Christmas exodus for overseas property investors Permalink: Christmas exodus for overseas property investors by Gill Montia Primelocation International has been gathering intelligence on Britons who opt to spend Christmas in second homes overseas. According to the property portal, 71% of those questioned "always" or "often" spend Christmas overseas and over half of this group are happy to ... (more...) December 11, 2009 Stamp duty reinstatement good news for landlords Permalink: Stamp duty reinstatement good news for landlords by Gill Montia Lettingsearch.co.uk believes the Chancellor of the Exchequer's decision not to extend the stamp duty holiday due to end on 31st December, is good news for landlords. The property portal's director, Phil Calderbank, believes the move will benefit the lettings market by ... (more...) December 10, 2009 Rental yields slip to 4.9% Permalink: Rental yields slip to 4.9% by Gill Montia LSL Property Services has been surveying the UK private rental market and announced that the "mini-boom" seen over the summer has "paused for breath". The firm, which owns the UK's largest lettings agent network, has revealed that rents slipped back 0.6% in November, ... (more...) CML: Mortgage lending up 9% on month Permalink: CML: Mortgage lending up 9% on month by Kay Mitchell The housing market received a further boost today after the Council of Mortgage Lenders (CML) revealed that the number of home loans approved for house purchase rose 9% in October compared with the previous month. Furthermore, it was an increase of ... (more...) December 8, 2009 Newcastle BS joins campaign to extend stamp duty holiday Permalink: Newcastle BS joins campaign to extend stamp duty holiday by Kay Mitchell A number of organisations within the housing market are urging the Government to extend the stamp duty holiday. In September 2008, the Government opted to increase the stamp duty threshold from £125,000 to £175,000 in a bid to revive ... (more...) Letting agents experience high demand Permalink: Letting agents experience high demand by Gill Montia With the festive season fast approaching, landlords and letting agents are experiencing an unexpected busy period, with 65% of prospective tenants hoping to move into their new accommodation before the year end. Research from lettingsearch.co.uk has detected high demand from both current ... (more...) Halifax reports further rise in house prices Permalink: Halifax reports further rise in house prices by Kay Mitchell The Halifax has today reported a 1.4% rise in house prices for the month of November compared with the previous month - the fifth consecutive month that house prices have risen, driven by higher demand and a shortage of properties ... (more...) December 7, 2009 Google considers move into UK property portal market Permalink: Google considers move into UK property portal market by Kay Mitchell Last week, it was revealed that Google was considering launching a property portal in the UK next year. In August, the internet search giant launched a property portal in Australia through which estate agents list properties for free taken from ... (more...) Tenants’ LHA arrears estimated at £220m Permalink: Tenants’ LHA arrears estimated at £220m by Gill Montia The National Landlords' Association (NLA) is urging the Government to include changes to Local Housing Allowance (LHA) in this week's pre-budget report. The Association wants "less talk and more action" on LHA reform and backs its plea with research indicating that total ... (more...) December 3, 2009 RICS expects rents to rise in the New Year Permalink: RICS expects rents to rise in the New Year by Gill Montia The Royal Institution of Chartered Surveyors (RICS) expects to see rent rises in the New Year. In its residential lettings survey covering the third quarter of 2009, surveyors reported that the number of rental properties coming onto the market ... (more...) December 2, 2009 Overseas property investors gain on exchange rates Permalink: Overseas property investors gain on exchange rates by Gill Montia New research claims that Britons who bought overseas properties four years ago in investment hotspots (but without a foreign mortgage) could cash in on significant gains, despite the recent volatility in global property prices. According to Close Treasury, a division of ... (more...) December 1, 2009 Over 50s planning to use their home to fund pension Permalink: Over 50s planning to use their home to fund pension by Kay Mitchell Research carried out by Liverpool Victoria (LV) has found that more than one million Britons over the age of 50 are planning to cash in on the rising value of their property to help fund retirement. However, the ... (more...) New service for tenants with learning disabilities Permalink: New service for tenants with learning disabilities by Gill Montia A new housing service for people with learning disabilities has been launched in the Capital. Southwest London Homefinders has been set up by Golden Lane Housing (GLH) and six authorities to give people with a learning disability access to the private ... (more...) Private landlords called to invest Permalink: Private landlords called to invest by Gill Montia In its annual buy-to-let guide, the Association of Residential Letting Agents (ARLA) has reaffirmed the need for the private rental sector as a prime element of the housing market. The report aims to encourage further "sensible investment" in the UK rental sector, in ... (more...) House prices rise for seventh consecutive month Permalink: House prices rise for seventh consecutive month by Kay Mitchell According to the Nationwide, UK house prices have risen for the seventh month in a row. The building society said house prices rose by 0.5% in November compared with October, taking the average cost of a home to £162,764 - a ... 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Year of the professional landlord approaches

Charities report reveals lenders ‘too fast to repossess’

House prices continue to rise say Rics

Christmas exodus for overseas property investors

Stamp duty reinstatement good news for landlords

Rental yields slip to 4.9%

CML: Mortgage lending up 9% on month

Newcastle BS joins campaign to extend stamp duty holiday

Letting agents experience high demand

Halifax reports further rise in house prices

Google considers move into UK property portal market

Tenants’ LHA arrears estimated at £220m

RICS expects rents to rise in the New Year

Overseas property investors gain on exchange rates

Over 50s planning to use their home to fund pension

New service for tenants with learning disabilities

Private landlords called to invest

House prices rise for seventh consecutive month

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