Page 927 – Property118

Property ‘cash machines’ are out of money, warns banker

5th May 2011

Drawing money from a property ‘cash machine’ is over and home owners will have to live within their means, a senior banker has predicted. Speaking at the Building Societies Association annual conference in Birmingham, Credit Suisse’s senior adviser Robert Parker has claimed mortgage rules will stop home owners taking money from property values stoked by […]

Introducing Pleasant Town Property Lettings Company, Pleasant Town, Any County, UK

5th May 2011

Pleasant Town Property Lettings Company operates in Pleasant Town UK and surrounding areas to offer both landlords and tenants a property lettings management service of the highest standards.  Due to overwhelming demand from tenants our conscientiousness and caring approach to managing properties and relationships between landlords and tenants we are constantly looking to take on the lettings and management of quality […]

Road sign with crumbling house in it

House price surveys confuse the market again

5th May 2011

The topsy-turvy world of UK house price surveys seems to have produced another set of nonsense results as the monthly merry go round of conflicting reports continues to confuse home owners and buyers. In 24 hours, three surveys that track house price rise and falls have reported three entirely different sets of results on the […]

Photo Paul Shamplina

Beware of serial bad tenants

5th May 2011

By Paul Shamplina, founder of @LandlordAction Since founding Landlord Action in 1999, we have encountered many tenants who have had to be evicted on more than one occasion. They are, what I like to call, Serial Bad Tenants. A Serial Bad Tenant goes from one property to another with no intention of paying any rent. […]

UK interest rates may not rise for years, says BoE governor

5th May 2011

The Bank of England interest rate may hover around 0.5% for at least another two years because of a weak economy and overwhelming personal debt. Bank governor Mervyn King has hit out at interest rise hawks speculating that rates must soon go up in a speech to a finance committee at the European Parliament.

Lorna Rose

Don’t let a bad tenant turn your new mortgage into a millstone

3rd May 2011

At last it looks like the buy to let market is beginning to show signs of recovery with mortgage lenders showing more interest in landlords than the first time buyer. This is great news for anyone wanting to make a living out of letting property, and with mortgages harder to come by for those wanting […]

Spring Bank Holiday best buy to let mortgage deals guide

30th April 2011

Buy to let lenders say they are ready to open the floodgates to property investors looking to expand their portfolios rather than lend to first time buyers. Mortgage lenders see less risk and more profits in buy to let because landlords borrow less to buy the same home as other buyers and investment mortgage interest […]

EU Flag

EU mortgage rules could trap buy to let lenders

30th April 2011

EU rules that aim to tighten up mortgage lending may have an unforeseen impact on buy to let. The draft EU mortgage directive covers all mortgages for residential property and sees no difference between buying as a home or buy to let. The main issue for lenders is the directive makes them more responsible for […]

Tenants still queuing to rent, say buy to let landlords

30th April 2011

Landlords are reporting a continuing demand for rented homes as mortgage lenders keep a tight lid on borrowing. Signs are that the market is shifting away from first time buyers in favour of buy to let as the UK’s largest property investment lender, the Nationwide, called for more tax breaks for landlords. The Nationwide – […]

Sad house with Buy me plz in speech bubble

Homes are still too expensive, even with falling prices

28th April 2011

Many believe property is still priced too high – but only one in four believe prices will fall much in the coming year, a survey claims. Around 40% of 26,000 people asked about the housing market by web portal Rightmove predict prices will not change much in the next 12 months – and the answer […]

HMRC kicks off blitz on property tax cheats

27th April 2011

HM Revenue and Customs has launched the first in a rolling campaign of cut-price amnesties aimed at encouraging people in property related businesses to give up cheating on their tax. From this week, letters will invite around 50,000 plumbers, gas fitters and heating engineers to put their tax affairs in order with a special discount […]

Buying a home can save £100 on renting it

27th April 2011

Due to low mortgage interest rates, buying a home is becoming more affordable than renting. The monthly cost of buying a three-bed home is £608, £98 lower than renting the same property, according to a study by The Halifax.

Buy to let lending swings back in to favour

21st April 2011

The buy to let mortgage market has seen a wind change in recent weeks and lenders loosening their purse strings with higher loan to values and better rates for property investors.

Calculator on refund form

Tax relief on mortgage interest for buy to let property investments

21st April 2011

Claiming interest on loans and finance as a business expense is one of the regular top questions from property investors. This Guest Article has kindly been written for us by Steve Sims, author of ‘Understanding And Paying Less Property Tax For Dummies’.  Steve and his wife Amanda also have a boutique accountancy business which specialises […]

Buy to let cannabis farmers jailed

20th April 2011

The risk of drugs gangs preying on unsuspecting buy to let landlords to set up cannabis farms was highlighted in two separate court cases this week. Insurer Aviva warned property owners that claims for damage to property had soared by almost a third last year as police seized more than 750,000 plants – mostly in […]

More sellers but same old housing market problems hit sales

20th April 2011

Estate agents have more houses to sell than they have had available for more than eight months. Firms across the country are reporting a surge of homeowners wanting to sell – but homes are sticking on the market because they are reluctant to decrease selling prices and buyers are still finding mortgages hard to find.

BM solutions logo

BM Solutions play trump card as buy to let mortgage rate deals hot up

20th April 2011

The buy to let mortgage lender battle for the hearts and minds of landlords has stepped up another gear as BM Solutions cut rates on some deals. The lead up to Easter has seen most of the big players jockey for position in the buy to let market with rate cuts, slashed fees, plus free […]

Mortgage lending jumps by 21% in a month

20th April 2011

Mortgage lending jumped by 21% in March – but the headline figures still show a drop in lending from the end of last year. Banks and building societies advanced £11.3 billion in March – up from £9.3 billion in February. Although the figure will cheer homebuyers and sellers, once put in perspective with other recent […]

Paul Shamplin of Landlord Action

The most underrated advice in buy to let

20th April 2011

Guest article written by Paul Shamplina, Founder of LandlordAction. As an eviction specialist, I am frequently asked for advice on avoiding bad tenants. Over the years, I have developed a list of ‘top tips’ which is worth regularly revisiting. Much of this is common sense that every landlord should be already doing. Unfortunately, many still […]