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March 19, 2010
HMRC embarks on capital gains tax sweep
Permalink: HMRC embarks on capital gains tax sweep
by Gill Montia
HM Revenue & Customs (HMRC) is turning its attention to people who have bought and sold properties but failed to settle up their tax liabilities, both The Times and The Daily Telegraph have reported.
According to the newspapers, accountants have been ...
Tenant Services Authority receives new powers
Permalink: Tenant Services Authority receives new powers
by Gill Montia
More than eight million tenants across England are set to benefit from six new standards drawn up by the Tenant Services Authority (TSA), the body that regulates the social housing sector.
The standards come into effect from 1st April and cover how ...
March 17, 2010
Landlords benefit as first-time buyer house prices rise
Permalink: Landlords benefit as first-time buyer house prices rise
by Gill Montia
The latest house price index from the Department for Communities and Local Government puts the value of the average UK home up 2.2% in January, compared with December.
The increase takes the annual rise to 6.2% and the average house ...
New guide for novice landlords
Permalink: New guide for novice landlords
by Gill Montia
Since 2001, the number of rental properties in the UK has risen substantially and mydeposits.co.uk is reminding landlords just how important it is to understand what is required when letting a property.
Chief executive, Eddie Hooker, explains: “With new landlords entering the property ...
March 16, 2010
Rising rents push returns to two-year high
Permalink: Rising rents push returns to two-year high
by Gill Montia
The latest buy-to-let index from LSL Property Services shows rents in England and Wales rising 0.3% in February, to an average £658 per month.
The figure is 3.2% higher than one year ago, with the rise roughly in line with inflation. ...
March 10, 2010
Landlord confidence shines through
Permalink: Landlord confidence shines through
by Gill Montia
Sixty-one per cent of landlords are feeling more confident about the buy-to-let sector, according to the latest Rental Confidence Index from Upad.
The proportion is up from 57% a month ago, marking the fourth consecutive monthly rise.
Research from the lettings portal also records landlords' ...
Buy-to-let lenders soften-up on deposits
Permalink: Buy-to-let lenders soften-up on deposits
by Gill Montia
Buy-to-let borrowing limits have begun to thaw, according to letting agent, LetAssured.
With many lenders demanding deposits of over 30%, London & Country is breaking the ice by offering a three-year fixed rate of 6.49%, with a fee of £995 on a ...
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 ...
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 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 ...
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 ...
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 ...
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 ...
Blackpool tops gross yields table
Permalink: Blackpool tops gross yields table
by Gill Montia
Blackpool can expect an influx of buy-to-let investors following a new study by FindaProperty.com.
The research, which was undertaken for financial website, thisismoney.co.uk, revealed that some of the UK's less fashionable locations are producing the best yields.
For example, Britain's iconic seaside resort has ...
February 27, 2010
Boiler scrappage scheme - landlords can apply
Permalink: Boiler scrappage scheme - landlords can apply
by Gill Montia
Landlords are being reminded of the benefits of the Government's boiler scrappage scheme, which was launched for households in England in January.
According to letting specialist, Leaders, private landlords can apply alongside homeowners.
For those with old G-rated boilers, it provides £400 ...
February 26, 2010
Rents rise as accidental landlords melt away
Permalink: Rents rise as accidental landlords melt away
by Gill Montia
FindaProperty.com's latest Rental Index shows average asking rents increasing by 1.2% to £814pcm in February, although still down 1.9% on a year ago.
All UK regions saw increasing or stable rents and landlords continued to enjoy steady returns, with average gross ...
Absconding tenants on the rise
Permalink: Absconding tenants on the rise
by Gill Montia
Despite the recession coming to an end, more landlords and letting agents are being forced to issue court proceedings to recover unpaid rent, and in some cases costs for property damage.
Tracing agency FinderMonkey.co.uk is therefore urging landlords to compile as much information ...
February 24, 2010
Government proposals for landlords “unrealistic”
Permalink: Government proposals for landlords “unrealistic”
by Gill Montia
“Government plans for the private-rented sector are completely unrealistic."
So says LetAssured UK managing director, David Plaister, who is concerned about "a huge housing gap in Britain which government expects private landlords to fill".
Recent proposals from Housing Minister, John Healey, include: a hotline ...
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