Last year one in three landlords had tenants in arrears. If you are still paying the mortgage on a property, then missing rent payments can disrupt your lifestyle in a very big way. However, by having a comprehensive landlord insurance policy, this is one thing you will never have to worry about again. Maybe you [...]
For the first time since February, UK house prices took a step back last month due to buyer demand remaining weak, whilst causing estate agents concern as to the condition of the property sales market. Mortgage lender Nationwide stated that the average value of a home declined by 0.5% to £169,347, taking the annual rate [...]
The expiration of a 15-year ban on estate agency boards in conservation areas of Kensington and Chelsea has dismayed a number of local residents. Estate agents in the area have said they are legitimately responding to the lapsing of the 1995 restrictions and had to act once one agent had targeted the streets in question [...]
Figures released today show that activity in the housing market in May failed to increase with new mortgage approvals staying broadly the same. A total of 49,815 mortgages were approved in May, a fall from the 6-month average and the November 2009 peak of 59,338. The slow start to the year for the housing market [...]
As many expected, the June 22nd Emergency Budget brought good news and bad news for the property market, but with an overall positive outcome for estate agents. We look at a summary of the key areas. Stamp Duty Despite pressure to reform this area, there has been no change to the current system for Stamp [...]
Fresh on the back of the demise of Home Information Packs (HIPs), new regulations proposed under Labour affecting landlords and letting agents have been scrapped. The proposals were designed to deal with rogue operators in the lettings industry, but to many observers would have been unnecessary ‘red tape’ at a high cost to both the [...]
‘Singling In On First Time Buyers’ New research published this week has revealed an interesting trend that, for the first time in history, single people outnumber married couples as first time property buyers. Mortgage provider Santander have identified that over the last 5 years 37% of first time buyers were single, compared to 29% who [...]
There is currently much speculation as to proposed changes to the system of Capital Gains Tax (CGT), which may come into effect following the emergency budget set for 22nd June 2010. Recently, many estate agents and letting agents have reported increased enquiries from clients concerned about the impact of the proposed increase in CGT rates. [...]
In one of the first moves relating directly to the property market, the new coalition government has scrapped the controversial Home Information Pack (HIP) requirement from new sellers. What is the practical impact for estate agents and property sellers? Firstly, only homes marketed for sale on or after 21st May 2010 will no longer require [...]
An expert in the buy-to-let mortgage market has claimed that the market is showing improvement in 2010, recovering from the previous fallout from the financial crisis. David Whittaker, MD of Mortgages for Business, accepted that while the market was “tricky” even just a year ago, there are now improved and more plentiful opportunities for investors [...]
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