May 31, 2010

Rightmove reports surge in new listings

Permalink: Rightmove reports surge in new listings
by Kay Mitchell

The scrapping of Home Information Packs (Hips) has resulted in a rise in the number of properties coming onto the market, according to property website Rightmove. The coalition Government scrapped Hips earlier this month, describing them as “pointless red-tape” which have been ...


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Main: Home News Guides Forums Property News: Property Prices Mortgages Property Developments Rental Property Overseas Property HIPS Property Guides Property Forums: Buying Property Selling Property Estate Agents Solicitors/Legal Mortgages Builders/Developers Property Development Home Improvement Buying Property Abroad	May 31, 2010 Rightmove reports surge in new listings Permalink: Rightmove reports surge in new listings by Kay Mitchell The scrapping of Home Information Packs (Hips) has resulted in a rise in the number of properties coming onto the market, according to property website Rightmove. The coalition Government scrapped Hips earlier this month, describing them as “pointless red-tape” which have been ... (more...) May 30, 2010 Strong tenant demand reflects favourably on rents Permalink: Strong tenant demand reflects favourably on rents by Gill Montia The Royal Institution of Chartered Surveyors (RICS) has reported a rise in tenant demand which resulted in rents improving "markedly" during the first three months of the year. Thirty per cent more surveyors reported a rise rather than a fall in ... (more...) May 26, 2010 Little evidence of ‘spring bounce’ say BBA Permalink: Little evidence of ‘spring bounce’ say BBA by Kay Mitchell The British Bankers’ Association (BBA) has today revealed a marginal rise in the number of new mortgages approved by the major banks in April. According to the BBA, mortgage approvals for the month stood at 35,729 - up by just ... (more...) May 21, 2010 Property Ombudsman warns on renewal commissions Permalink: Property Ombudsman warns on renewal commissions by Gill Montia The Property Ombudsman is warning letting agents that renewals commissions included in their contracts must be clearly flagged up to landlords. In his first interim report for 2010, Christopher Hamer refers to the recent High Court case involving Foxtons and brought by ... (more...) May 20, 2010 Hips to be scrapped with immediate effect Permalink: Hips to be scrapped with immediate effect by Kay Mitchell The coalition Government has announced it has scrapped Home Information Packs (Hips) with immediate effect. According to Housing Minister, Grant Shapps, this “pointless red-tape” has been “strangling the housing market”. "By suspending home information packs today, it means that home sellers will ... (more...) Paragon views return to new buy-to-let lending Permalink: Paragon views return to new buy-to-let lending by Gill Montia Paragon has indicated that it could shortly be open for new business. The buy-to-let lender closed its doors to new customers in 2008, when the credit crisis restricted its ability to borrow on the wholesale money markets. However, in presenting half-yearly ... (more...) May 19, 2010 Lloyds sees rise in mortgage overpayments Permalink: Lloyds sees rise in mortgage overpayments by Kay Mitchell Lloyds Banking Group, which is the UK's largest mortgage lender, said historically low interest rates has led to a rise in mortgage overpayments. Borrowers on a variable rate mortgage have benefited from low interest rates but have opted to pay more than ... (more...) HomesGoFast.com launches iPhone app Permalink: HomesGoFast.com launches iPhone app by Gill Montia A new iPhone application has been launched by HomesGoFast.com, allowing iPhone users to find properties for sale in over 70 countries. Claiming an industry first, the property portal says the app gives access to a database of 300,000 listings from international real estate agents, ... (more...) DIYers encouraged to visit Southern Homebuilding & Renovating Show Permalink: DIYers encouraged to visit Southern Homebuilding & Renovating Show by Kay Mitchell Homeowners who are keen to improve their home rather than move are encouraged to The Southern Homebuilding & Renovating Show, which will be held at Sandown Park, Esher, Surrey on 26 and 27 June. The show offers expert advice ... (more...) Buy-to-let investors could face 40% CGT Permalink: Buy-to-let investors could face 40% CGT by Gill Montia The possibility that the Government will raise capital gains tax from 18% to 40% is causing widespread alarm among landlords. With property inflation a crucial element in annual returns, such a move could have a serious impact on the UK's private rental ... (more...) Higher profile for Scottish HMO adviser Permalink: Higher profile for Scottish HMO adviser by Gill Montia HMO Scotland (HMOS), which advises landlords on the legal implications of owning a House in Multiple Occupation (HMO), has appointed Niche Works to raise its company profile. The Edinburgh-based PR and marketing agency will do its best to convince landlords that HMOS's ... (more...) May 18, 2010 Kensington launches buy-to-let mortgages Permalink: Kensington launches buy-to-let mortgages by Gill Montia Kensington has launched a range of buy-to-let mortgages aimed at existing landlords who are keen to expand their portfolios. The new products are available at up to 75% loan-to-value ratio, with a two-year fix at 5.69% and a three-year fix at 6.19%. Both ... (more...) Short lets in demand as economy recovers Permalink: Short lets in demand as economy recovers by Gill Montia Hamptons International has reported a surge in demand for short-term lets since March, as corporate clients seek out flexible cost-saving methods of relocating staff. According to the firm's head of lettings, Lesley Cairns, a 20% rise in demand for short lets, ... (more...) International property investors maintain momentum Permalink: International property investors maintain momentum by Gill Montia Searches for international property increased by 111% between April 2009 and 2010, according to Primelocation.com. However, the property portal also reports that searches were down by 4% on March, with only three top-ten countries seeing a rise in interest. A number of events, notably ... (more...) May 17, 2010 75% believe house prices will rise over next 12 months Permalink: 75% believe house prices will rise over next 12 months by Kay Mitchell It appears that homeowners are optimistic about the housing market after a survey revealed three quarters believe house prices will continue to rise over the next 12 months. The survey, which was carried out by Your Move, also ... (more...) Homeowners desperately seeking lodgers Permalink: Homeowners desperately seeking lodgers by Gill Montia A record number of homeowners are prepared to let out the spare bedroom to bring in some extra cash, reports Spareroom.co.uk. According to the flat-share portal, a nationwide struggle to keep on top of mortgage payments and personal debt led to a 31% increase ... (more...) Asking prices slow in May Permalink: Asking prices slow in May by Kay Mitchell Property website, Rightmove, has today reported the annual growth in asking prices for residential property in England and Wales for May slowed to 4.3% from 6%. Meanwhile, on a monthly basis, asking prices rose by 0.7% in May compared to 2.6% the previous ... (more...) CML reports 25% jump in March mortgage lending Permalink: CML reports 25% jump in March mortgage lending by Kay Mitchell The Council of Mortgage Lenders (CML) has today revealed a 25% rise in mortgage lending for the month of March compared with the previous month. According to the Council, 45,000 mortgages were approved during the month, up from 36,000 in ... (more...) May 15, 2010 Landlords within touching distance of record rents Permalink: Landlords within touching distance of record rents by Gill Montia The latest Buy-to-let Index from LSL Property Services contains only good news for landlords, with tenant demand remaining strong and rents rising to just 4% short of their all-time high. According to the letting agent network, the average UK rent increased ... (more...) Buy-to-let funding revival imminent Permalink: Buy-to-let funding revival imminent by Gill Montia Latest figures on but-to-let lending from the Council of Mortgage Lenders (CML) have prompted a comment from Mortgages For Business managing director, David Whittaker. The CML recently described buy-to-let activity as "stable" but "low volume" with the number of mortgage approvals for landlords falling ... (more...) 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Rightmove reports surge in new listings

Strong tenant demand reflects favourably on rents

Little evidence of ‘spring bounce’ say BBA

Property Ombudsman warns on renewal commissions

Hips to be scrapped with immediate effect

Paragon views return to new buy-to-let lending

Lloyds sees rise in mortgage overpayments

HomesGoFast.com launches iPhone app

DIYers encouraged to visit Southern Homebuilding & Renovating Show

Buy-to-let investors could face 40% CGT

Higher profile for Scottish HMO adviser

Kensington launches buy-to-let mortgages

Short lets in demand as economy recovers

International property investors maintain momentum

75% believe house prices will rise over next 12 months

Homeowners desperately seeking lodgers

Asking prices slow in May

CML reports 25% jump in March mortgage lending

Landlords within touching distance of record rents

Buy-to-let funding revival imminent

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