Page 916 – Property118

Human Rights Warning Over Satellite TV for Tenants

16th August 2011

Landlords who say no to tenants who want to install satellite TV or broadband could infringe their human rights. Following a landmark ruling in the European Court of Human Rights, a family in Sweden won the right to add a satellite TV dish to their rented home after the landlord declined permission. The family complained […]

‘Ghost’ Consumers Push up the Cost of Energy Bills

16th August 2011

Around 2 million consumers are not paying for gas and electricity due to mix ups over the suppliers. The main culprits are tenants and home owners who move on without settling their final bills – leaving the new occupants with no clue about who their utility suppliers are. Two-thirds of consumers are not paying for […]

Green grassed house

Green Deal Firm to Pay Agents £1,000 for Landlord Leads

15th August 2011

Landlords who carry out work to upgrade buy to let properties under the Green Deal could be paying out up to £1,000 in ‘referral’ fees wrapped up in the price of the work. The National EPC Company has recruited James Dodd as regional development director with a brief to encourage letting agents to earn commission […]

Student City Home Prices Outpace Other Property Values

15th August 2011

House prices in university towns are increasing faster than average – with property values in ‘new’ university towns rising the fastest. In 10 years, despite the house price slump, values have risen by 70% in towns and cities that have established universities since 1960. Average prices have soared from £91,612 in 2001 to £155,953 in […]

Serviced Apartments- the Way Forward?

15th August 2011

Not much is said about the Serviced Apartment rental market. At about the same cost per person as staying in a good quality hotel, this area is a good viable option for both landlords and larger companies who are constantly sourcing hotel accommodation for consultants or staff.  An average consultant’s stay can be  a week away from […]

Knights Frank Bucks Trend with £158million Worth of Top-End Property

15th August 2011

With house prices dropping everywhere but London, Knight Frank has sold £158million of top end property in North Surrey since April. The mammoth figure has come from each home selling for in excess of £4million each, with nearly half the buyers coming from Russia and the Commonwealth of Independent States (43%). The UK has provided […]

Loan Shark Landlord Fined for Demanding 5,600% APR

15th August 2011

A thug landlord who ruled his tenants with threats and intimidation lent them cash at more than 5,600% APR. Loan shark Derrick Morgan, of Neath, South Wales, was jailed for a year after admitting six charges of illegal money lending and dishonestly claiming benefits in the names of his tenants at Swansea Crown Court. Morgan […]

Property Prices are Still Falling…Except in London

15th August 2011

The latest home price survey reveals a no-holds-barred analysis of the property market. Prices in England and Wales fell for the fourth month running in July – by 0.1% on prices in June, according to the Acadametrics house price index. The average home value is now £217,300 and in the 12 months to July, prices […]

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Sister site for the USA

12th August 2011

Based on the rapid growth and popularity of our Property News (UK Alexa rank 3,407 today) and our Testimonials Based Directory (launched this week) we are looking to develop a sister site for the USA market. The new website will require private investment which we will look to raise via private financing and a stake […]

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Letting Agent Disputes at a 20 year High, say AIIC

11th August 2011

After receiving the highest number of complaints against letting agents for 20 years, the Association of Independent Inventory Clerks have issued advice for landlords, tenants and letting agents to combat problems. The AIIC say letting agents are often stuck in the middle of tenant and landlord disputes, but admit a tenant’s life could be made […]

Landlords Refinance Rather than Buy New Homes

11th August 2011

Buy to let landlords are realigning their property finances rather than purchasing more homes for their portfolios. The latest buy to let mortgage figures show borrowing increased as 32,000 loans worth £3.5 billion were agreed with lenders in the three months ending June 30 – but two thirds of the business was remortgaging.

One in Eight Rely on Property as a Pension

11th August 2011

More retirement savers relying in property rather than pensions, according to new figures. The number of people relying on property to help ease their retirement finances is increasing year-on-year – up to 13% of all non-retired adults.

Buoyant London Market Predicted for Student Landlords

10th August 2011

Student landlords in London can look forward to around thousands of students from the UK and overseas seeking private rented rooms for the next academic year. University housing specialist CB Richard Ellis has reported that the capital has seen no publicly funded student accommodation provided in 20 years – and despite billions of pounds of […]

What’s Your Opinion About Sentiment Surveys?

10th August 2011

Around a quarter of UK landlords are feeling more optimistic about the prospects for their property portfolios, rental income and yields, according to a sentiment survey by a buy-to-let lender. The findings of the Paragon Mortgages research come at the same time as those of another sentiment survey by the Royal Institution of Chartered Surveyors […]

Benchmark your Buy to Let Business with ARLA Data

9th August 2011

Property investors looking to benchmark their businesses and profile the buy-to-let market can download a comprehensive professional review from the Association of Residential Letting Agents (ARLA). The research looks at the buy to let market in detail and reveals the investment hotspot of the UK is the North-East, followed by the Midlands and London. Falling […]

Insurers Will Pay Out Landlords after Riots

9th August 2011

Insurers have reassured landlords with rental properties in riot-hit cities that their homes and businesses are protected. Shocking images of burning buildings, cars and buses have lit up the news reports as gangs of rioters smash their way into shops and homes. Key targets for the rampaging thugs are pubs, off licences and electrical goods […]

Landlord stabbed in the head 5 times by drug dealer takes action @LRSreferencing

9th August 2011

Thank you to Vanessa Warwick and Nick Tadd of the Property Tribes forum for sharing this video interview. In this video interview, Paul Routledge talks about his property journey and how he’s managed to build and manage a portfolio of over 100 properties in the south western seaside destination of Weston-Super-Mare. Paul is perhaps more […]

UK Negative Equity Blackspots Revealed

8th August 2011

New research from mortgage lenders reveals negative equity black spots across the UK. Around 827,000 homes were in negative equity during the first three months of 2011, according to the Council of Mortgage Lenders (CML). The worst regions for negative equity, mainly because house prices have suffered more than in other regions, are Yorkshire, Humberside […]

A Room with a View

8th August 2011

Selling a property relies as much on first impressions as it does location and price. Many people when viewing a property can often see past the dated kitchen, avocado bathroom suite and dated wallpaper. But there are always some that can’t. Maximising the appearance of the interior can mean the difference between a sale or no sale.