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Mortgage Strategy – Free mortgage market news and insight

Mortgage Strategy – Free mortgage market news and insight

23/01/2017

With professional landlords being forced to confront ever-increasing financial and political change, staying informed about changes in the mortgage market is more important than ever. Mortgage Strategy is the UK’s market-leading mortgage news publication, which publishes free news, insight and analysis on its website, www.mortgagestrategy.co.uk Alternatively, Mortgage Strategy sends several free email news alerts a… Read more

The first of 22 Berkeley ‘Modular’ Homes are being built in Greenwich

The first of 22 Berkeley ‘Modular’ Homes are being built in Greenwich

The FTSE 250 listed Berkeley Group is completing its first development of 22 Prefabricated or it calls ‘Modular’ Homes in Kidbrooke Village, Greenwich in London. A patent is pending for the new Urban House design using offsite fabrication swapping the back garden for a roof terrace and providing front of house parking and bicycle storage. The… Read more

Rental demand nosedives in central London

Rental demand nosedives in central London

19/01/2017

The central London rental market is beginning to show signs of topping out as tenant demand slides and landlords look to higher yielding investments in other areas of the UK. New research shows that the number landlords reporting a rise in tenant demand over the past quarter has slipped almost 30 percentage points when compared… Read more

Landlords want public inquiry into Bristol Property Guardians scandal

Landlords want public inquiry into Bristol Property Guardians scandal

11/01/2017

People living as property guardians in scandal-hit former council nursing homes in Bristol are mounting a legal action that could set a precedent that would improve the rights of people in similar housing right across the country. An increasing amount of landlords in the south west are also demanding a public inquiry into the situation, as… Read more

Right to Rent criminalises landlords but only deports 31 illegal immigrants

Right to Rent criminalises landlords but only deports 31 illegal immigrants

Since Right to Rent legislation came into force on the 1st February only 31 illegal immigrants have been removed from the UK as a result of these checks now made by all landlords and letting agents. However, from the 1st December 2016, under The Immigration Act 2016, a new maximum criminal sentence of 5 years… Read more

Halifax Price Index shows 6.5% annual house price growth

Halifax Price Index shows 6.5% annual house price growth

09/01/2017

The latest Halifax House Price Index shows prices in the Quarter to December 2016 were 6.5% higher than in the same three months of 2015. In December 2016 the annual change was +6.5%, quarterly change +2.5%, monthly change 1.7% and the new average house price stood at £222,484 Martin Ellis, Halifax housing economist, said “House prices… Read more

2017 property podcasts with Paul Shamplina

2017 property podcasts with Paul Shamplina

06/01/2017

Hamilton Fraser, parent company to mydeposits, the Property Redress Scheme and Client Money Protect, has launched a series of property podcasts with Brand Ambassador, Paul Shamplina, and Managing Director, Eddie Hooker, covering key topics in the private rented sector. The audio podcasts are released every month and cover the latest landlord, tenant and agent issues,… Read more

69% of all BTL purchases now in Ltd Co names

69% of all BTL purchases now in Ltd Co names

05/01/2017

Mortgages for Business data shows that for quarter 4 last year 69% of all new Buy to Let purchase applications were made in the name of a limited company. This is an increase of 6% on quarter 3 and a massive increase on the average of 21% in limited company names before Section 24 mortgage… Read more

Private Landlord Service started by Cheshire West and Chester Council

Private Landlord Service started by Cheshire West and Chester Council

04/01/2017

Chester West and Chester Council are inviting private landlords to join their new Private Landlords Service. The service will provide landlords with information and resources for including the latest news about the Private Rented Sector, a tenant finding service, tenancy support and sign up services and training and access to property improvement grants. It also… Read more

Stamp Duty revenue increase to be used in areas with highest numbers of second homes

Stamp Duty revenue increase to be used in areas with highest numbers of second homes

23/12/2016

Stamp Duty Land Tax (SDLT) revenue has increased by 12% to £7.7bn for the first eight months of the 2016-17 financial year compared to the previous year despite a 9.9% decrease in the number of property sales. Purchase transactions for this period April to November 2016 fell from 868,000 last year to 782,000 this year…. Read more

Housing Minister Gavin Barwell raises concerns over the UK Leaehold system

Housing Minister Gavin Barwell raises concerns over the UK Leaehold system

22/12/2016

Gavin Barwell was speaking at a debate on the Leasehold and Commonhold Reform Act of 2002 and said the leasehold system has widespread problems that need addressing and produced results of the National Leasehold Survey 2016, which showing 57% of leaseholders agreed with the statement “I regret purchasing a leasehold property”. Housing Minister Barwell went… Read more

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