July 2, 2009

FSA now regulates sale-and-rent-back

Permalink: FSA now regulates sale-and-rent-back
by Gill Montia

Firms operating in the UK sale-and-rent-back sector now come under Financial Services Authority (FSA) regulation. As of 1st July companies have four weeks to apply for permission to continue their business activities. Successful applicants will be granted interim permission if they can demonstrate they ...


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June 30, 2009 NLA updates MPs on “dearth” of buy-to-let finance Permalink: NLA updates MPs on “dearth” of buy-to-let finance by Gill Montia The National Landlords' Association (NLA) has been called to appear before the House of Commons Treasury Select Committee. The body, which has over 17,000 private landlord members, is assisting the Committee in its inquiry into mortgage arrears and access to ... (more...) Belvoir Lettings franchise expands in East London Permalink: Belvoir Lettings franchise expands in East London by Gill Montia Lettings franchise, Belvoir, is opening a Leyton office in East London on 6th July. Proprietor, Zain Mahal, already runs Belvoir's Stratford office which was launched in 2000. According to Mr Mahal, the East London lettings market is still booming, although competition ... (more...) June 28, 2009 Rent arrears put 133,000 tenants at risk Permalink: Rent arrears put 133,000 tenants at risk by Gill Montia LSL Property Services estimates that at the end of May, around 133,000 (or one-in-twenty-five) tenants in England and Wales had rent arrears that could potentially leave them facing eviction. The property services group, which is behind the Your Move estate agency ... (more...) June 25, 2009 Tenants warned on deposit scam Permalink: Tenants warned on deposit scam by Gill Montia The Deposit Protection Service (DPS) is alerting tenants to a new scam involving property advertised for rent over the Internet. According to the firm, people looking on rental websites such as Gumtree and Craig’s List have come across advertisements asking them to ... (more...) June 23, 2009 Rents continue to decline but outlook brightens Permalink: Rents continue to decline but outlook brightens by Gill Montia In its latest lettings market survey, the Royal Institution of Chartered Surveyors (Rics) found that growth in demand for rental property slowed in the three months to April, as did new landlord instructions. During the first quarter of 2009, 55% more ... (more...) June 17, 2009 Average rent stabilises Permalink: Average rent stabilises by Gill Montia Smartlandlord.co.uk has some reassuring news for landlords contained in its latest buy-to-let index. The website claims that average monthly rent stabilised in May remaining at April's figure of £765. According to the firm, excess supply due to reluctant landlords has helped push rents down almost 10% ... (more...) June 15, 2009 Younger Britons opt to rent as homeownership turns sour Permalink: Younger Britons opt to rent as homeownership turns sour by Gill Montia New research from the Chartered Institute of Housing (CIH) indicates that demand for UK rental property will continue to rise. According to the CIH, which represents public and private sector bodies involved in housing and communities, young people ... (more...) June 10, 2009 First-time buyers scrap purchase plans due to recession Permalink: First-time buyers scrap purchase plans due to recession by Kay Murchie A survey by the Letting Protection Service (LPS) has established that nearly half a million first-time buyers abandoned plans to purchase a home because of the current economic climate. In the last 12 months alone, the housing market lost out ... (more...) Edinburgh’s “high-end” rental market holds up well Permalink: Edinburgh’s “high-end” rental market holds up well by Gill Montia Edinburgh-based Braemore Property Management has reported that "high-end" rented properties are still proving popular with tenants. The firm describes demand for substantial family homes and luxury penthouses as "steady" in recent months, with renters still happy to pay high prices for ... (more...) Landlords wary of changes in water bill liability Permalink: Landlords wary of changes in water bill liability by Gill Montia The Residential Landlords' Association (RLA) is warning that proposed changes to regulations governing the payment of water bills are causing concern among buy-to-let investors. New measures could mean that residential landlords are liable for unpaid bills run up by tenants ... (more...) June 4, 2009 Landlord Assist champions student lettings market Permalink: Landlord Assist champions student lettings market by Gill Montia Landlord Assist is encouraging landlords to consider entering the student lettings market as a means of beating the recession. According to the firm, which specialises in tenant eviction and rent arrears collection, yields in university towns can be "considerably higher" than for ... (more...) FSA begins regulation of sale-and-rent-back firms Permalink: FSA begins regulation of sale-and-rent-back firms by Gill Montia The Financial Services Authority (FSA) is introducing new measures to regulate sale-and-rent-back companies, from 1st July. The move forms the first stage towards full regulation of the sector, which has become notorious for rogue operators. From next month, homeowners who are aggrieved ... (more...) June 3, 2009 Survey reveals dissatisfaction among renters Permalink: Survey reveals dissatisfaction among renters by Kay Murchie A recent survey has revealed that Brits believe there is no place like a home of their own. Research by housebuilder Taylor Wimpey in conjunction with University of Birmingham housing and inclusion expert, Dr Julie Christian, found that Brits still focus on owning ... (more...) Buy-to-let lender reports continued rise in mortgage arrears Permalink: Buy-to-let lender reports continued rise in mortgage arrears by Gill Montia Buy-to-let lender, Bradford & Bingley (B&B), has reported that one in 20 of its mortgage borrowers are in arrears. B&B's £41 billion mortgage book was taken into public ownership in September of last year. Its deposits business and branch network ... (more...) June 1, 2009 NLA remains hostile to landlord registration scheme Permalink: NLA remains hostile to landlord registration scheme by Gill Montia The National Landlords' Association (NLA) has published its full response to the Government's plans to create a register of landlords in England and Wales. Ministers want data to include the home address of the landlord and the addresses of all rental ... (more...) Mydeposits launches online claims facility Permalink: Mydeposits launches online claims facility by Gill Montia Mydeposits.co.uk, the non-custodial tenancy deposit protection scheme, has launched an online claim facility. The firm, which is jointly owned by the National Landlords' Association and Hamilton Fraser Insurance, says it is offering a unique method for tenants to raise a deposit dispute at ... (more...) May 28, 2009 Average asking rent remains steady in May Permalink: Average asking rent remains steady in May by Kay Murchie According to FindaProperty.com's rental index for May, average asking rent in the UK remained unchanged at £819 a month in May from the previous month. However, this figure is 5.5% lower than May 2008. FindaProperty.com has also reported that a ... (more...) May 26, 2009 Leaders report shift in the lettings market Permalink: Leaders report shift in the lettings market by Kay Murchie According to Leaders, the letting agency, a shift is being seen in the lettings market, whereby one that was previously more favourable to tenants over the last few months, is now becoming more favourable to landlords. The agency suggests that as ... (more...) May 21, 2009 CAB slams letting agents over unreasonable charges Permalink: CAB slams letting agents over unreasonable charges by Gill Montia The Citizens' Advice Bureau (CAB) has issued a new report entitled "Let Down" in which it claims that private tenants in England and Wales are frequently the victims of a system that allows letting agents to operate completely unchecked. The charity ... (more...) Next Page »	Latest News: British homeowners repay record amount off mortgage debt FSA now regulates sale-and-rent-back NLA updates MPs on “dearth” of buy-to-let finance Belvoir Lettings franchise expands in East London Nationwide: House prices up 0.9% in June Hometrack: House prices ‘hold steady’ Bryant Homes tempts West Bromwich tenants Mixed signals as BoE reports rise in mortgage approvals Rent arrears put 133,000 tenants at risk Land Registry reveals further dip in house prices in May Most Read News Today: Property prices are 10 times salary Mortgages most expensive for 16 years Overseas property investment â€“ a safe option British homeowners repay record amount off mortgage debt Nationwide: House prices up 0.9% in June 90% LTV mortgages are a rare breed How to Extend Your Flat Lease Land Registry reveals further dip in house prices in May Belvoir Lettings franchise expands in East London Bryant Homes tempts West Bromwich tenants Most Read News To Date: NHBC Buildmark Insurance Certificate: What you need to know Westfield Londonâ€™s Shepherdâ€™s Bush shopping centre 92% let Property prices are 10 times salary Mortgages most expensive for 16 years Overseas property investment â€“ a safe option How to Extend Your Flat Lease Property Prices in Ireland could fall up to 60% Barratt Developments in crisis as share price plummets Possible housing crash in 2008 Nationwide to offer 95% mortgage
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FSA now regulates sale-and-rent-back

NLA updates MPs on “dearth” of buy-to-let finance

Belvoir Lettings franchise expands in East London

Rent arrears put 133,000 tenants at risk

Tenants warned on deposit scam

Rents continue to decline but outlook brightens

Average rent stabilises

Younger Britons opt to rent as homeownership turns sour

First-time buyers scrap purchase plans due to recession

Edinburgh’s “high-end” rental market holds up well

Landlords wary of changes in water bill liability

Landlord Assist champions student lettings market

FSA begins regulation of sale-and-rent-back firms

Survey reveals dissatisfaction among renters

Buy-to-let lender reports continued rise in mortgage arrears

NLA remains hostile to landlord registration scheme

Mydeposits launches online claims facility

Average asking rent remains steady in May

Leaders report shift in the lettings market

CAB slams letting agents over unreasonable charges

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