March 31, 2010

Ombudsman calls for letting agent legislation

Permalink: Ombudsman calls for letting agent legislation
by Gill Montia

The Property Ombudsman is calling on whichever party is in power after the General Election to legislate to improve protection for landlords and tenants who use letting agents. In his annual report, Christopher Hamer asks for swift action in view of the ...


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RICS: rental expectations remain strong Permalink: RICS: rental expectations remain strong by Gill Montia In its latest Residential Lettings Survey, the Royal Institution of Chartered Surveyors (RICS) has reported that tenant demand remained positive in the three months to January, while new instructions declined at a faster rate than in the previous quarter. Among RICS members, rental ... (more...) March 30, 2010 LHA rent arrears warrant in-depth study Permalink: LHA rent arrears warrant in-depth study by Gill Montia The National Landlords' Association (NLA) has responded to today’s publication of the Work and Pensions Select Committee report on Local Housing Allowance (LHA) by calling on the Government to rethink its proposals for reform. LHA was introduced for new tenancies in April ... (more...) Nationwide reports 0.7% rise in house prices for March Permalink: Nationwide reports 0.7% rise in house prices for March by Kay Mitchell The latest house price index from the Nationwide Building Society has revealed a 0.7% rise for the month of March compared with February. The latest house price rise takes the annual increase to 9% with the average UK home ... (more...) March 29, 2010 Post Office to provide 90% LTV mortgages Permalink: Post Office to provide 90% LTV mortgages by Kay Mitchell The Government has today outlined further plans for the Post Office to become a ‘people’s bank’ after injecting a further £180 million funding into the project, on top of the £1.7 billion already invested. The Post Office Bank, led by ... (more...) BoE reports fall in February mortgage approvals Permalink: BoE reports fall in February mortgage approvals by Kay Mitchell The Bank of England has today revealed a fall in the number of new mortgages approved in February - dipping to a nine-month low. According to the Bank, mortgage approvals for the month stood at 47,094, slightly down on the ... (more...) Room-rents soar in the West Midlands Permalink: Room-rents soar in the West Midlands by Gill Montia The West Midlands has seen something of a mini property rental boom over the past 12 months, according to Spareroom.co.uk. The house and flat-share specialist has named the top ten UK cities/towns for average room-rent rises, with Stoke-on-Trent and Telford topping the ... (more...) Rents rise again as accidental landlords withdraw Permalink: Rents rise again as accidental landlords withdraw by Gill Montia Buy-to-let landlords who have stayed the course over the past two years of turbulence are being rewarded with rising rents, FindaProperty.com reports. In its March Rental Index, the property portal reveals "a dramatic reduction in stock levels" that has led to ... (more...) LetAssured promises end to “fat cat” letting agents Permalink: LetAssured promises end to “fat cat” letting agents by Gill Montia LetAssured UK is hoping to unite landlords across the UK and put an end to "fat-cat" letting agents who have charged "astronomical fees for non-existent services" throughout the buy-to-let boom years. According to the firm, the recent Foxtons case ... (more...) March 27, 2010 Hamptons International revs up website Permalink: Hamptons International revs up website by Gill Montia Hamptons International has launched a new property search facility on its hamptons.co.uk website. Visitors to the site can now benefit from a number of new features including a more advanced Google map search; a comprehensive key word search; and the ability to filter ... (more...) March 26, 2010 Land Registry reports 0.3% fall in February house prices Permalink: Land Registry reports 0.3% fall in February house prices by Kay Mitchell According to the Land Registry, house prices fell by 0.3% in February compared with January putting the average cost of a home at £164,455 in England and Wales. It must be noted that the Land Registry compiles its data ... (more...) March 25, 2010 House sales up in February Permalink: House sales up in February by Kay Mitchell HM Revenue & Customs (HMRC) has revealed a rise in the number of homes sold in February in the UK. According to HMRC, 58,000 homes worth at least £40,000 or more were sold in the month, a rise on January’s figure but considerably ... (more...) LSL bemoans landlord exclusion from stamp duty concession Permalink: LSL bemoans landlord exclusion from stamp duty concession by Gill Montia The stamp duty threshold has been raised from £125,000 to £250,000 for two years, but for first-time buyers only. In yesterday's Budget, Chancellor of the Exchequer Alistair Darling said the change would result in nine out of every 10 first-time ... (more...) March 24, 2010 Budget 2010 brings stamp duty changes Permalink: Budget 2010 brings stamp duty changes by Kay Mitchell The Pre-Election Budget has been delivered today by Chancellor Alistair Darling with items such as stamp duty changes confirmed. The Chancellor said stamp duty will be abolished on house purchases up to £250,000. The change, which will apply this year and next ... (more...) Overseas property searchers about to get serious Permalink: Overseas property searchers about to get serious by Gill Montia The international property market is continuing to perform well, according to Primelocation International. The property portal's latest International Search Index shows a 72% rise in February searches, compared to a year earlier. Activity dipped on a monthly basis but January ... (more...) Stamp duty changes expected in Budget Permalink: Stamp duty changes expected in Budget by Kay Mitchell Today’s Budget is expected to bring stamp duty changes, which will no doubt bring welcome news to many groups such as the National Association of Estate Agents and the Association of Residential Letting Agents who have been calling for an overhaul ... (more...) Buy-to-let investors search for family homes Permalink: Buy-to-let investors search for family homes by Gill Montia Landlords keen to expand their portfolios are seeking out family homes, PropertyEarth.Net has reported. According to the website, which advertises "chain free" properties, 57% of buy-to-let investors polled were seeking three-bedroom homes, with just 2% searching for single-bedroom properties. Two-bedroom properties were ... (more...) March 23, 2010 BBA: Mortgage lending edges up in February Permalink: BBA: Mortgage lending edges up in February by Kay Mitchell The British Bankers’ Association (BBA) has today revealed a slight rise in the number of new mortgages approved by the major banks in February. According to the BBA, mortgage approvals for the month stood at 35,275 - a marginal rise ... (more...) New buy-to-let mortgages from Godiva Permalink: New buy-to-let mortgages from Godiva by Gill Montia Godiva Mortgages has launched a new range of buy-to-let loans including a three-year fixed-rate at 5.35%. The Flexx Fixed product is available via an intermediary at 60% loan-to-value (LTV) with no early repayment charges and one mortgage valuation included in the deal (up ... (more...) Landlords smarten up on deposit dispute evidence Permalink: Landlords smarten up on deposit dispute evidence by Gill Montia Mydeposits.co.uk has reported that there has been a marked shift in the outcome of deposit disputes, with landlords more successful with claims than a year ago. According to the firm, 99.4% of private tenants’ deposits are returned without problems at the ... (more...) 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Ombudsman calls for letting agent legislation

RICS: rental expectations remain strong

LHA rent arrears warrant in-depth study

Nationwide reports 0.7% rise in house prices for March

Post Office to provide 90% LTV mortgages

BoE reports fall in February mortgage approvals

Room-rents soar in the West Midlands

Rents rise again as accidental landlords withdraw

LetAssured promises end to “fat cat” letting agents

Hamptons International revs up website

Land Registry reports 0.3% fall in February house prices

House sales up in February

LSL bemoans landlord exclusion from stamp duty concession

Budget 2010 brings stamp duty changes

Overseas property searchers about to get serious

Stamp duty changes expected in Budget

Buy-to-let investors search for family homes

BBA: Mortgage lending edges up in February

New buy-to-let mortgages from Godiva

Landlords smarten up on deposit dispute evidence

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