Page 929 – Property118
Smiling house with a hammer

Commercial conversions boost for HMO developers

11th April 2011

Property investors could profit from government plans to encourage development of empty offices in to new housing. Communities Secretary Eric Pickles has announced proposals to remove planning restrictions to stimulate the developments – and the move is a good fit with councils seeking to dilute concentrations of shared houses in residential areas.

Judge throws out HMO challenge from councils

11th April 2011

A High court judge has thrown out a challenge to the government’s decision to review house in multiple occupation planning rules. Four councils led by Milton Keynes argued at the High Court, London, that housing minister Grant Shapps’ decision to overturn planning rules for house in multiple occupation (HMOs) did not give planners enough time […]

Buy to let mortgage guiode logo

Buy to let mortgage options double for landlords

8th April 2011

Buy to let borrowers and property investors can choose from almost 300 mortgage packages – more than double the number available a year ago. Competition between banks and building societies has hotted up as more lenders joined the market, and is set to intensify as more prepare to start lending in the coming months.

Mortgage lending springs back after a downbeat winter

8th April 2011

Mortgage lending thawed in February after a drab couple of months affected by the bad weather. The Council of Mortgage Lenders (CML) figures were upbeat all round for first time buyers, movers and remortgages.

Lorna Rose of TenantID

Reducing the risk of a rogue tenant

8th April 2011

Guest Blog from Lorna Rose of TenantID For some reason mortgage defaults increased during the first 3 months of this year. I’m not an economist, but I suspect the current financial climate may have had something to do with it.

Magnifying glass looking at house on paper saying fraud

Buy to let lenders tighten up on mortgage fraud

7th April 2011

Buy to let mortgage lenders are barring legal advisors who have not signed up to the new Conveyancing Quality Scheme (CQS) from acting for them. More than 700 legal firms have joined the CQS scheme – and mortgage lenders are making membership a condition of acting for them for every buy to let purchase.

Call to scrap council tax perks for second homeowners

7th April 2011

  Homeless charity Shelter is calling for the scrapping of council tax discounts on second homes and property that stands empty. A new study looking at ways to maximise the use of existing housing reckons ending the discount would raise £42 million a year that councils and the government could divert to improving housing supply.  […]

Paul Shamplin of Landlord Action

Announcing our new Guest Blogger Paul Shamplina of Landlord Action

7th April 2011

Paul Shamplina has over twenty years experience in the legal field, originally working as a clerk, private investigator, debt collector and certified bailiff. As co-founder and director of Landlord Action, the market leaders and longest serving independent company specialising in fixed-fee tenant eviction and debt recovery, he has acquired a reputation as the landlord’s friend. […]

Why the latest house prices statistics are meaningless

6th April 2011

The latest lender statistics showing house prices have slumped by 0.1% in a month are next to meaningless. The cost equivalent of the price fall is around £163 since February for the owner of an average home and the percentage change is considered as rounding to most mathematicians.

Devil dressed as a business man

Tenants from Hell (Part 2). Every Landlord’s Nightmare

5th April 2011

Sequel to Frazer Fearnhead’s popular Guest Blog It’s amazing what you uncover upon conducting a check out inspection. Below are the top 7 nightmare cases inventory agents from The Video Inventory Agency have discovered.

Will your mortgage go toxic if interest rates rise?

5th April 2011

The big worry for buy to let landlords and homeowners is how their finances will cope when mortgage rates start to rise. Many landlords are coping with their finances because mortgage rates have dropped – but they have two concerns.  First, is how much extra tax they might have to pay if interest rates stay […]

Shelter logo

Why Shelter’s ‘rogue landlord’ complaints are misleading

5th April 2011

The media and do-gooders are quick to jump on the ‘rogue landlord’ bandwagon to answer the clarion call of rough justice for the less well off, but this support is not always justified. Pressure groups and charities plug in to well-paid media professionals to hype their campaigns to grab headlines, and sometimes readers have to […]

Could this be the ultimate buy to let investment property exit strategy?

5th April 2011

About a year ago Mark Alexander predicted that Equity Release mortgage providers would enter the buy to let lending business.  With most traditional lenders insisting that buy to let mortgages are repaid at age 75, it looked as though the only real choice for borrowers with an interest only mortgage was going to be to sell their […]

Home sellers should pay stamp duty not buyers, says bank

4th April 2011

Landlords selling buy to let property could be hit by a new tax if the government takes up a proposal from a leading bank aimed at making buying a home cheaper. HSBC wants the government to reverse stamp duty laws and make the tax payable by sellers rather than buyers. This could cut the purchase […]