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April 21, 2012
Benefit cuts make letting unaffordable
Permalink: Benefit cuts make letting unaffordable
by Gill Montia
New research from the National Landlords' Association (NLA) claims that around one half of private landlords can't afford to rent to tenants on Local Housing Allowance (LHA) because of government cuts.
In a recent survey, 53% of landlords said they believed renting to ...
April 20, 2012
Rents fall for second month
Permalink: Rents fall for second month
by Gill Montia
Rents in England and Wales dipped by 0.3% in March, falling for the second consecutive month to an average £705 pcm, according to the latest buy-to-let index from LSL Property Services.
The South West and East Midlands saw the biggest decreases, with rents ...
April 19, 2012
Mortgage application fraud up 8%
Permalink: Mortgage application fraud up 8%
by Gill Montia
Fraudulent applications for mortgages increased by 8% in 2011, according to Experian.
Last year was the fifth in a row to see a rise, with 34 in every 10,000 mortgage applications found to be fraudulent, compared to just 15 in every 10,000 in ...
April 17, 2012
Jump in affordable towns for key workers
Permalink: Jump in affordable towns for key workers
by Gill Montia
New research from Halifax shows that housing affordability has improved greatly for key public sector workers, since house prices peaked in September 2007.
According to the lender's survey, two in five towns (41%) are now affordable, based on ...
Mortgage lending figures encouraging
Permalink: Mortgage lending figures encouraging
by Gill Montia
Lending to first-time buyers and home movers increased in February, according to the Council of Mortgage Lenders (CML).
During the month, 14,100 loans worth £1.7 billion were taken out by first-time buyers, up 8% by number and 6% by value from January and ...
April 16, 2012
Asking prices beat 2008 levels
Permalink: Asking prices beat 2008 levels
by Gill Montia
Asking prices have risen 2.9% in April, according to Rightmove, with the typical vendor raising their expectations by £6,798.
At £243,737 the average asking price has, in fact, hit an all-time high, having risen 3.4% over the last 12 months to beat the ...
April 12, 2012
UK rental market “flourishing”
Permalink: UK rental market “flourishing”
by Gill Montia
The UK rental market is flourishing with an additional 58,000 properties marketed in 2011 compared to 2010, according to Experian's "Movers' Index", which offers insights across the housing market.
The number of properties put up for rent rose in every quarter of 2011, with ...
April 11, 2012
Sales hotspots shift north
Permalink: Sales hotspots shift north
by Gill Montia
The number of property sales hotspots in England and Wales fell to its lowest level since the height of the financial crisis in 2008, according to new research by Lloyds TSB.
Just 40% (202) of the 500 towns tracked demonstrated "hotspot" status last ...
April 10, 2012
Home buyers continue to test the market
Permalink: Home buyers continue to test the market
by Gill Montia
Potential home buyers continued to test the market during March as the stamp duty holiday finally came to an end, says the latest survey from the Royal Institution of Chartered Surveyors (RICS).
Nine per cent more surveyors reported increases rather than ...
“Timid” planning reforms fail to address affordability
Permalink: “Timid” planning reforms fail to address affordability
by Gill Montia
The Government’s "timid" planning reforms will not solve affordability problems in the UK housing market, according to the Institute of Economic Affairs (IEA).
In a new report entitled "Abundance of land, shortage of housing", the right-wing think tank claims that not ...
April 5, 2012
Call for protection for “mortgage prisoners”
Permalink: Call for protection for “mortgage prisoners”
by Gill Montia
The Financial Services Consumer Panel (FSPC) is calling on the Financial Services Authority (FSA) to do more to protect Britain's "mortgage prisoners".
The Panel, which oversees the interests of consumers in financial services regulation, believes many homeowners are trapped in existing mortgage ...
April 4, 2012
Halifax: broad stability in UK house prices
Permalink: Halifax: broad stability in UK house prices
by Gill Montia
House prices in the first three months of 2012 were 0.1% lower than in the previous quarter, according to Halifax, although the value of the typical home increased by 2.2% during March.
The rise followed a 0.4% decline in February and ...
Right to Buy relaunched with £75,000 discounts
Permalink: Right to Buy relaunched with £75,000 discounts
by Gill Montia
The Government has launched a "reinvigorated" Right to Buy scheme that will provide £75,000 discounts to help social tenants into home ownership.
According to Housing Minister, Grant Shapps, 2.5 million social tenants now have the opportunity to buy their homes with ...
April 3, 2012
House prices post first rise in 20 months
Permalink: House prices post first rise in 20 months
by Gill Montia
In March, house prices in England and Wales posted their first monthly rise for 20 months, according to Hometrack.
Increased demand and activity, plus a scarcity of housing for sale, resulted in an increase of 0.2%, although London continued to ...
March 31, 2012
Cambridgeshire tops quality of life survey
Permalink: Cambridgeshire tops quality of life survey
by Gill Montia
Residents of East Cambridgeshire have the best quality of life across all rural areas of Britain, according to a new survey from Halifax.
Wychavon in Worcestershire and South Cambridgeshire (last year's winner) make up the top three.
East Cambridgeshire is considered ...
March 30, 2012
Annual house price inflation down to 0.2%
Permalink: Annual house price inflation down to 0.2%
by Gill Montia
Only seven out of 13 UK regions recorded annual house price growth in the first quarter of 2012, according to Nationwide.
During the first three months of 2012, the value of the typical home slipped 0.1% to £162,722.
For the UK ...
March 28, 2012
Home improvements add less to property values
Permalink: Home improvements add less to property values
by Gill Montia
With more than half of UK householders planning DIY projects during the April, May and June Bank Holidays, a new survey from HSBC claims that major improvements are adding less to the value of a home than a year ago.
According ...
March 27, 2012
New planning policy framework takes effect
Permalink: New planning policy framework takes effect
by Gill Montia
The final version of the National Planning Policy Framework has been published today and takes effect immediately.
In a statement to the House of Commons, Planning Minister, Greg Clarke, told MPs that the reforms make planning much simpler and more accessible, having ...
March 26, 2012
House prices nudge up 0.1%
Permalink: House prices nudge up 0.1%
by Gill Montia
House prices in England and Wales nudged up 0.1% in February, according to the Land Registry, taking the value of the typical home to £161,588.
Wales saw the biggest monthly gain at 2% while in the North East the value of the average ...
March 22, 2012
Landlords overlooked in budget
Permalink: Landlords overlooked in budget
by Brian Turner
Landlord Assist, the nationwide tenant referencing and eviction firm, says the Government missed the perfect opportunity in yesterday's Budget to stimulate investment and encourage future growth in the buy-to-let sector.
Key announcements in the Budget included an increase in the personal tax allowance threshold, a reduction in top rate of income ...
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