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Housing White Paper Released – “Fixing our Broken Housing Market”

Housing White Paper Released – “Fixing our Broken Housing Market”

07/02/2017

Secretary of State for Communities and Local Government, Sajid Javid,  has released the Housing White Paper and spoken in the House of Commons. Javid said “The government recognises the housing market is broken.” He went on to say it was one of the biggest barriers to social progress. The emphasis will be placed more on… Read more

Government Housing White Paper due out tomorrow

Government Housing White Paper due out tomorrow

06/02/2017

In a U-turn on previous Cameron policy to promote home ownership above all else, the new May administration, under the housing Minister Gavin Barwell, is due to place more of the emphasis on helping people in the rental sector with its new Housing White Paper. The Government will seek to assist and encourage, with the… Read more

Santander BTL contract clause stipulates Landlords increase rents by as much as can be reasonably achieved

Santander BTL contract clause stipulates Landlords increase rents by as much as can be reasonably achieved

01/02/2017

Since 2011 Santander Buy to Let mortgage contracts have stated the following: “a) …a reasonable time before any opportunity arises for a review of the rent payable under the lease, you will get written advice from a qualified valuer who is a member of the Rics whether the market rent at the date of the… Read more

HMRC rake in £1.19 billion in Stamp Duty Surcharge

HMRC rake in £1.19 billion in Stamp Duty Surcharge

31/01/2017

In the last three months of 2016 HMRC earned £519 million extra from the 3% surcharge payable on Stamp Duty for second homes. This was from the purchase of 62,800 second homes in Q4 up from 56,200 in Q3 and 30,400 in Q2 2016 with the total revenue take amounting to £1.19 billion. In an… Read more

2016 saw the highest pension fund returns since 2009

2016 saw the highest pension fund returns since 2009

24/01/2017

New data from the upcoming Moneyfacts Personal Pension and Annuity Trends Treasury Report has revealed that last year pension funds enjoyed their highest returns since 2009. Despite considerable economic and political uncertainty during 2016, the average pension fund finished the year up by 15.7%. This is the fifth consecutive year of positive pension fund growth… Read more

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

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