Page 892 – Property118

Property118.com Website Awards 2012 – Cornwall

17th February 2012

We are delighted to announce the Property118.com website awards for Cornwall. Judging decisions were based on a combination of powerful analysis algorithms and human experience. Click here for further information about the awards and the judging process. View the winners from other counties by clicking here. So without further ado, the winners are:- For the […]

Buy to let rents are still rising, say letting agents

17th February 2012

Rents are still rising – but at a much slower rate than a year ago, according to a study from one of the UK’s largest letting agents. Average rents in England and Wales nudged up 0.01% to £712 a month in January – the first time rents have risen in January and the first monthly […]

Just two towns defy property price slump

17th February 2012

House prices in just two towns as high now than at the peak of the housing bubble in 2007, according to a study by the Halifax. Home owners in Rochford, Essex have seen their homes increase in value by just 1% in four years. The price of an average home in Rochford is now £231,595, […]

Property118.com Website Awards 2012 – Clwyd

17th February 2012

We are delighted to announce the Property118.com website awards for Clwyd. Judging decisions were based on a combination of powerful analysis algorithms and human experience. Click here for further information about the awards and the judging process. View the winners from other counties by clicking here. So without further ado, the winner For the Estate […]

Property118.com Website Awards 2012 – Cleveland

17th February 2012

We are delighted to announce the Property118.com website awards for Cleveland. Judging decisions were based on a combination of powerful analysis algorithms and human experience. Click here for further information about the awards and the judging process. View the winners from other counties by clicking here. So without further ado, the winners are:- For the […]

Property118.com Website Awards 2012 – Clackmannanshire

17th February 2012

We are delighted to announce the Property118.com website awards for Clackmannanshire. Judging decisions were based on a combination of powerful analysis algorithms and human experience. Click here for further information about the awards and the judging process. View the winners from other counties by clicking here.

Property118.com Website Awards 2012 – Cheshire

17th February 2012

We are delighted to announce the Property118.com website awards for Cheshire. Judging decisions were based on a combination of powerful analysis algorithms and human experience. Click here for further information about the awards and the judging process. View the winners from other counties by clicking here.

Property118.com Website Awards 2012 – Channel Islands

17th February 2012

We are delighted to announce the Property118.com website awards for Channel Islands. Judging decisions were based on a combination of powerful analysis algorithms and human experience. Click here for further information about the awards and the judging process. View the winners from other counties by clicking here. So without further ado, the winners are:-

Property118.com Website Awards 2012 – Cambridge

17th February 2012

We are delighted to announce the Property118.com website awards for Cambridge. Judging decisions were based on a combination of powerful analysis algorithms and human experience. Click here for further information about the awards and the judging process. View the winners from other counties by clicking here.

First ever government-backed mortgage indemnity scheme set to launch in March

17th February 2012

-By Guest Columnist Daniel Coleman The first ever government-backed mortgage indemnity scheme is set to be officially launched within the next few weeks. The NewBuy Guarantee scheme which takes off in March, aims to help 100,000 homebuyers who only have access to a five percent deposit to purchase a new-build property, in order to kick-start […]

Making Overpayments on Your Mortgage

17th February 2012

In the last month I have received letters from three of my mortgage lenders suggesting that I should make overpayments on my buy to let mortgages. Their logic is that my mortgage payments have reduced considerably due to interest rates having dropped substantially since I first took the mortgages. They are right! I’m paying less […]

What to do if you can’t make your mortgage payment

16th February 2012

Hopefully none of my regular readers will ever find themselves in this position as they will have built up a liquidity reserve, enjoy positive cashflow and will have paid off expensive forms of debt before they ever think of committing themselves to making repayments on their cheap interest only buy to let mortgages which also […]

Buy to let fraudsters target landlords and letting agents

16th February 2012

Police are warning about fraudsters who are ripping off landlords and tenants by posing as bogus letting agents. Scotland Yard detectives are looking for those behind two scams. In the first, tenants pay over a deposit and first month’s rent on buy to let homes that are already let.

Record Number of Landlords Making Rental Losses

16th February 2012

Landlords are starting to feel a squeeze on rental profits despite rising rents, according to a new study. The number of buy to let landlords with large portfolios of 20 or more rental homes making a loss soared to 8%, says the research for the National Landlords Association. The findings for the last three months […]

A serious new blow to mortgage borrowers

16th February 2012

I read with interest an article in the Daily Mail this week based on an announcement by Santander that they are radically over-hauling their policy on interest only mortgages. Now you can’t get an interest only mortgage from Santander unless you have 50% deposit to put down. Business as usual, they can run things as […]

Be wary of Letting Agents Pushing Rightmove Premium Listings

16th February 2012

Rightmove Premium Listings ‘Do they work?’ Rightmove themselves state that their own research indicates that properties with a “Premium Listing” banner generate 21% more enquiries. Of course they have a vested interest because they charge Agents £10 for every listing, which is all extra profit for them. In truth, it is impossible to test this […]

Council hit-team takes on hardcore rogue landlords

15th February 2012

A council hit-team is readying to prosecute rogue landlords who have dodged signing up to a selective licensing scheme. The team is tracking down a group of landlords in Sunderland who have ignored calls to license their buy to let and HMO properties in the city. Investigators are planning to interview them under caution with […]

Lloyds tightens interest only rules for landlords

15th February 2012

Lloyds is the latest bank to tighten up interest-only lending criteria following the lead of Santander. Both banks are significantly restricting interest only borrowing for personal residential mortgages, but leaving buy to let options intact.

Property118 Landlords Newsletter – Issue 95

15th February 2012

The latest news and views from the private rented sector including top tips on how to find the perfect tenant from Steve Hanbury, the legalities of evicting a bad tenant by Mary Latham and Mark Alexander raises the question of whether the major property portals could help clean up the lettings industry.

Business Booms for Letting Agents as Buy to Let Thrives

14th February 2012

The thriving buy to let market is driving a letting agent boom as firms respond to increasing demand from tenants eager to rent a home. Two key nationwide firms are pouring millions in to expansion plans. Countrywide has earmarked £5 million on growing lettings and has acquired a number of smaller specialist buy to let […]

Property is a Pension for 80% of Landlords

14th February 2012

Eight out of 10 landlords plan to supplement their pension income from letting property, according to the latest research by the National Landlords Association. Landlords see buy to let as a way to increase their wealth and as a key method of generating a retirement income as an alternative to mainstream pension savings.