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Property forum with a mission to facilitate the sharing of best practice amongst UK landlords and letting agents.


Chaps

Mortgage transactions on hold as Bank of England Chaps system fails today

20/10/2014

Currently UK mortgage borrowers are unable to complete on their house purchases as the Bank of England have found a routine maintenance problems that affects CHAPS (Clearing House Automated Payment System) payments. Managing director of CHAPS, Phil Kenworthy said: “CHAPS is currently unable to process payments. This is due to the Bank of England temporarily… Read more

The Silent Killer

Carbon Monoxide – The Silent Killer

16/10/2014

I’m sure you’re all already aware, but there’s a bit crack down at the moment on CO alarms and it’s currently up for discussion whether landlords should be providing these to tenants by law.  For those of you who don’t know, every year in the UK, more than 200 people go to hospital with suspected… Read more

tenancy reform

Scottish tenancy reform concerns

08/10/2014

The National Landlords Association (NLA) has expressed concerns over the Scottish Government’s consultation on tenancy reform. This is the first in-depth look at tenancy legislation for 25 years. The NLA is concerned that if implemented as proposed, there is a significant risk of undermining the private rented sector (PRS), and of exacerbating the housing crisis… Read more

efficiency standards

NLA call for extension on deadline for efficiency standards

04/09/2014

The National Landlords Association (NLA) has warned the Government to tread cautiously in introducing minimum energy efficiency standards in the private rented sector (PRS). The NLA has called for an extension to the deadline for rented properties to reach minimum energy efficiency standards after the shambles introducing Green Deal finance into the sector. The warning… Read more

FCA

Recheck your PPI complaint

29/08/2014

2.5 million Payment Protection Insurance (PPI) complaints made between 2012 and 2013 are going to be reviewed by firms after the Financial Conduct Authority FCA has forced them to improve their procedures It is believed that complaints during this period may have been unfairly rejected or compensation paid too little. 70% of complaints taken to… Read more

Shelter master plan for Hoo Valley

Wolfson Economics Prize finalists argue for garden cities

28/08/2014

The five finalists for the prestigious Wolfson Economics prize worth £250,000 for the winner, all argue the case for creating more garden cities to help solve the Uk’s housing crisis. Barton Willmore’s entry suggests creating four different types of garden city along with the greening of existing new towns. Up to 40 new garden cities… Read more

care home rooms

Institutional money is being invested into care home rooms

27/08/2014

It is no surprise to anyone that has looked into the cost of residential care homes recently that investing in rooms has become attractive for institutional investors. The average yield on care home rooms is over 10% and the prospects for capital appreciation look good. Aviva and Legal & General for example are investing in… Read more

tenants budget

Tenants budgets squeezed as rents rise faster than incomes

21/08/2014

Tenants budgets feel the pinch in their accommodation costs as rents are rising faster than incomes. Affordable accommodation in the private rental sector is becoming ever more scarce, according to new data from flat and house share website SpareRoom.co.uk, which compares the maximum tenants can afford to spend on accommodation to average room rents. UK… Read more

Residential Development Finance

Residential development finance market improvements good for the housing market

14/08/2014

40 finance providers ranging from UK clearing banks to hedge funds reported back in a survey by Knight Frank indicating improvements to the residential development finance landscape giving encouragement to the housing market and its desperate need to increase supply. 80% of the lenders expected to increase their exposure to residential development over the next… Read more

shawbrook

Shawbrook the property investor’s best kept secret launch new fixed rates

12/08/2014

Shawbrook are one of the UK’s leading property investor focused lenders, but as they are not on the High Street and can only be access by authorised brokers they remain hidden from the limelight. They specialise in the more commercial end of the Buy to Let and Investment property market than more mainstream and sometimes… Read more

tenancy deposit

Average Tenancy Deposit increased by 34% since 2007

04/08/2014

Figures from my|deposits have shown the average tenancy deposit has increased by 34% or £304 since the launch of tenancy deposit protection in 2007. The data shows that the average tenancy deposit now stands at £1197.73 up from £893.82 in 2007. The figures also show a difference of £1168 between the average cost of deposits… Read more

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