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March 8, 2010
Landlords support FSA regulation of buy-to-let finance
Permalink: Landlords support FSA regulation of buy-to-let finance
by Gill Montia
Most of the UK's landlords support stronger regulation of the buy-to-let lending sector, according to a survey conducted by LSL Property Services.
Buy-to-let loans have so far been excluded from Financial Services Authority (FSA) regulation because they have been seen ...
Mortgage availability increases over the past month
Permalink: Mortgage availability increases over the past month
by Kay Murchie
According to financial information service, Moneyfacts, the number of mortgage products have increased over the past month.
The news will undoubtedly be welcomed by first-time buyers - many of whom have been locked out of the market as a result ...
Bovis Homes FY profits meet expectations
Permalink: Bovis Homes FY profits meet expectations
by Kay Murchie
Housebuilder Bovis Homes has today announced it has returned to profit as the housing market recovered in the latter half of last year.
The group said full-year results were in line with forecasts and posted a 2009 pre-tax profit of £4.8 million, ...
Belgravia square retains its title as most expensive place to live
Permalink: Belgravia square retains its title as most expensive place to live
by Kay Murchie
Research by housing information website Mouseprice.com has found Chester Square in London's Belgravia retained its status as the most expensive place to live in 2010 with an average property value of £6.6 million.
According to Mouseprice, in ...
March 5, 2010
Landlord lending restrictions risk housing shortage
Permalink: Landlord lending restrictions risk housing shortage
by Gill Montia
Asking rents rose by 1.2% in February and the news has prompted LetAssured managing director, David Plaister, to warn that a severe housing shortage looms if buy-to-let lending restrictions are not lifted.
According to the latest index from ...
March 4, 2010
Supermarket giant branches out into estate agency market
Permalink: Supermarket giant branches out into estate agency market
by Kay Murchie
Supermarket giant Tesco is back in the property market through estate agency Spicerhaart.
Spicerhaart has launched an online estate agency service with the backing of Tesco and the new website is called iSold.com - initially targeted at sellers and buyers ...
Halifax reports 1.5% fall in house prices in February
Permalink: Halifax reports 1.5% fall in house prices in February
by Kay Murchie
The Halifax has today revealed a 1.5% fall in house prices for the month of February compared with January.
However, on an annual basis, house prices are still 4.5% higher than a year ago, while the average UK home ...
CML: Home ownership continues to fall
Permalink: CML: Home ownership continues to fall
by Kay Murchie
According to the Council of Mortgage Lenders (CML), home ownership in the UK continues to fall - as a result of affordability pressures and a shortage of new homes.
During the 10-year period, 1999 and 2009, the number of new homes built ...
March 3, 2010
Green homes plan to benefit landlords and tenants
Permalink: Green homes plan to benefit landlords and tenants
by Gill Montia
The National Landlords' Association (NLA) has greeted with enthusiasm government plans to make UK homes warmer and cheaper to run.
According to the body, private landlords and their tenants should "benefit greatly" from the introduction of a long-term loan scheme ...
Taylor Wimpey halves losses
Permalink: Taylor Wimpey halves losses
by Kay Murchie
Taylor Wimpey, which is the UK's second largest housebuilder by market value, has today reported it returned to profitability in the latter half of 2009.
The housebuilder reported a pre-tax loss of £699.9 million for 2009, compared with a loss of £1.97 billion in ...
Longer tenancies move UK closer to Europe
Permalink: Longer tenancies move UK closer to Europe
by Gill Montia
New research suggests that the UK's rental sector could be moving towards a European model of long-term tenancies.
According to lettingsearch.co.uk, the past 18 months has seen increased demanded for rented accommodation, with letting agents and landlords reporting a rise in ...
ARLA launches buy-to-let mortgage comparison site
Permalink: ARLA launches buy-to-let mortgage comparison site
by Gill Montia
Landlords keen to expand their portfolios will be pleased to hear that the Association of Residential Lettings Agents (ARLA) has launched ARLA Mortgages, an online comparison site.
The free service is aimed specifically at the buy-to-let borrower and is flanked by sister ...
European residential markets begin recovery
Permalink: European residential markets begin recovery
by Gill Montia
In its latest European Housing Review, the Royal Institution of Chartered Surveyors (RICS) has detected signs of recovery in both sales and prices.
According to the study, low interest rates and improving economies have allowed a "significant number" of European residential markets to ...
March 2, 2010
HomeLet enhances offering to letting agents
Permalink: HomeLet enhances offering to letting agents
by Gill Montia
HomeLet has enhanced its offering with the launch of PremierPlus.
The tenant referencing and insurance firm says it is responding to demand from letting agents who are keen to grow, despite today’s tough economic climate.
The new package includes HomeLet Advantage, a ...
Housing shortage looms as reluctant landlords withdraw
Permalink: Housing shortage looms as reluctant landlords withdraw
by Gill Montia
FindaProperty's latest rental index has prompted a series of comments from tenant insurance specialist, HomeLet.
According to FindaProperty, asking rents rose by 1.2% in February, to an average £814pcm, as the number properties available to rent fell to its lowest ...
Saint compares worldwide top-end property costs
Permalink: Saint compares worldwide top-end property costs
by Gill Montia
Saint Property Search has undertaken a global survey of locations with houses at the top end of the market (asking prices of £500,000 plus) to find that Monaco heads the list followed by London, New York, Hong Kong and Tokyo.
The Scottish ...
Persimmon reports £77.8m FY profit
Permalink: Persimmon reports £77.8m FY profit
by Kay Murchie
Persimmon, which is the UK's largest housebuilder by market value, has today reported a pre-tax profit of £77.8 million compared with a £780 million loss in 2008.
The latest result was fuelled by the reversal of £74.8 million of its previous provisions.
The ...
March 1, 2010
Tenants reminded to pack the sex toy
Permalink: Tenants reminded to pack the sex toy
by Gill Montia
Newly arrived tenants who are checking through their landlord's inventory should be wary if a sex toy is included in the let, as it has probably been left behind by the previous occupant.
According to the Deposit Protection Service (DPS), "marital ...
Land Registry reports 2.1% rise in house prices in January
Permalink: Land Registry reports 2.1% rise in house prices in January
by Kay Murchie
According to the Land Registry, house prices rose by 2.1% in January compared with December putting the average cost of a home at £165,088 in England and Wales.
It must be noted that the Land Registry compiles its ...
Hometrack reports 0.4% rise in house prices in February
Permalink: Hometrack reports 0.4% rise in house prices in February
by Kay Murchie
According to housing intelligence group Hometrack, house prices in England and Wales climbed 0.4% in February compared with a year ago - representing the first annual rise since March 2008.
However, the group cautions that the housing market is ...
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