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February 15, 2010
Taylor Wimpey offers incentives for potential homebuyers
Permalink: Taylor Wimpey offers incentives for potential homebuyers
by Kay Mitchell
Housebuilder Taylor Wimpey is offering potential homebuyers to own their own home with a 5% deposit.
Since the onset of the credit crunch over two years ago, first-time buyers have been struggling to get a foot on the property ladder since ...
Asking prices up 6.1% in February on year
Permalink: Asking prices up 6.1% in February on year
by Kay Mitchell
Property website, Rightmove, has reported a rise in asking prices in England and Wales in the four weeks to February 6.
The website said due to a shortage of homes on the market, asking prices were pushed up to an ...
February 14, 2010
Stamp duty concession pushes rents down
Permalink: Stamp duty concession pushes rents down
by Gill Montia
LSL's latest buy-to-let index shows yields on residential property falling to an average 4.75% in January, their lowest level since August 2008 and down 2% on September of last year.
According to the lettings agent network, rents fell 0.5% last month as ...
February 12, 2010
No let up in regulation for landlords
Permalink: No let up in regulation for landlords
by Gill Montia
Landlord Assist has something to say about the level of regulation (existing and proposed) in the buy-to-let sector.
The eviction and rent recovery specialist has spoken out regarding new measures outlined recently by housing minister, John Healey.
Mr Healey wants to ...
Report shows stamp duty holiday benefited homebuyers
Permalink: Report shows stamp duty holiday benefited homebuyers
by Kay Mitchell
Figures provided in the Acadametrics report have revealed that the stamp duty holiday benefited many homebuyers.
In September 2008, the Government opted to increase the stamp duty threshold from £125,000 to £175,000 in a bid to revive the housing market, which ...
Buy-to-let lending needs credit flow not regulation
Permalink: Buy-to-let lending needs credit flow not regulation
by Gill Montia
New figures from the Council of Mortgage Lenders (CML) have prompted the National Landlords' Association (NLA) to express concerns over the imminent regulation of buy-to-let lending by the Financial Services Authority.
Yesterday, the CML reported that new buy-to-let lending increased ...
February 11, 2010
Buy-to-let lending up for 2nd consecutive quarter
Permalink: Buy-to-let lending up for 2nd consecutive quarter
by Gill Montia
New buy-to-let lending increased for the second consecutive quarter in the final three months of 2009, according to the Council of Mortgage Lenders (CML).
There were 25,800 new loans advanced, up from 23,700 in the previous quarter but down from 38,000 ...
Repossessions reach highest level since 1995
Permalink: Repossessions reach highest level since 1995
by Kay Mitchell
The Council of Mortgage Lenders (CML) today revealed that the number of people who had their homes repossessed in 2009 was the highest since 1995.
According to the Council, 46,000 homes were repossessed last year - an increase of 6,000 on the ...
February 10, 2010
Lettingsearch.co.uk launches new services
Permalink: Lettingsearch.co.uk launches new services
by Gill Montia
Lettingsearch.co.uk says it has enhanced its website with a host of "unique and valuable new services".
The rental-only property portal has based its new offerings on agent feedback and now provides weekly key statistics, which give agent-specific information on the volume of landlord and ...
Landlord confidence tainted by arrears and finances
Permalink: Landlord confidence tainted by arrears and finances
by Gill Montia
Upad is claiming that the bulk of landlords are continuing to feel more positive about the UK rental market.
The lettings agent's latest Rental Confidence Index suggest 57% were more optimistic about the buy-to-let sector in February 2010, compared to January.
However, ...
February 9, 2010
An excellent time to enter the lettings market
Permalink: An excellent time to enter the lettings market
by Gill Montia
Since the start of the year, demand for rental accommodation has outstripped supply in parts of Sussex, Hampshire, Surrey, Hertfordshire, Berkshire, Buckinghamshire and Dorset.
According to Leaders, which has 42 branches across the counties, there is high demand for all ...
February 8, 2010
Scottish letting agency launches website with a difference
Permalink: Scottish letting agency launches website with a difference
by Gill Montia
McLean Forth has launched a new website.
The Edinburgh and Fife based letting agency says it is providing tenants and landlords with a unique online resource that includes a home furnishings store usable by any visitor to the site.
The facility ...
UK rental market primed for growth
Permalink: UK rental market primed for growth
by Gill Montia
HomeLet has reported a surge of optimism among UK lettings agents.
The tenant referencing and rent guarantee firm believes agents are more positive about the future of the rental market than they were less than a year ago, despite the continued lack ...
AHIPP claims Hips are benefiting housing market
Permalink: AHIPP claims Hips are benefiting housing market
by Kay Mitchell
The Association of Home Information Pack Providers (AHIPP) has today claimed that Home Information Packs (Hips) are benefiting the housing market.
According to the Government, Hips were introduced to speed up the home buying and selling process.
However, the controversial packs have ...
Government hints at concessions for institutional landlords
Permalink: Government hints at concessions for institutional landlords
by Gill Montia
The Government has published a consultation document entitled "Investment in the UK Private Rented Sector" which indicates that stamp duty concessions could be introduced to encourage institutional investors to become landlords.
Ministers see private rental accommodation as playing "a critical role ...
February 5, 2010
Government measures to support tenants “impractical”
Permalink: Government measures to support tenants “impractical”
by Gill Montia
Landlord Assist has described the Government’s proposals on transparency in the private rental sector as “impractical”.
The eviction and rent collection firm is sceptical about new measures aimed at helping and protecting tenants, such as a tenant advice hotline and a website ...
Tenants keen on landlord feedback website
Permalink: Tenants keen on landlord feedback website
by Gill Montia
A survey conducted by Upad.co.uk claims to reinforce the need for measures contained in a government consultation paper entitled "The Private Rented Sector".
The proposals, which focus on practical help and protection for tenants, include a new housing hotline; a "trip adviser" ...
Landlords more likely to evict tenants in arrears
Permalink: Landlords more likely to evict tenants in arrears
by Gill Montia
Landlord Assist is wary of recent figures claiming that fewer tenants are being evicted.
Last week, easyroommate.co.uk reported that tenant evictions in England and Wales have fallen by 11%.
The online flat-share specialist claimed that evictions peaked in the twelve months ...
NLA issues cannabis production alert
Permalink: NLA issues cannabis production alert
by Gill Montia
The private rental sector is being targeted by criminal gangs, the National Landlords' Association (NLA) has warned.
Privately-rented homes across the UK are being used not just to grow cannabis but also for the production of crystal meth, on a commercial scale.
Prostitution is ...
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