Page 941 – Property118

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.

Rents are Still Rising According to Homelet

8th August 2011

Rents are still trickling up, according to Homelet’s latest Rental Index for July as the average rent rose to £767 up from £750. The whole of the UK saw rents rise, with the exception of Scotland and the North West of England, with the South West seeing a rise of nearly 5% from £734 to […]

Heat is on Improving Cold Buy to Let Homes

8th August 2011

Landlords are under fire for failing to keep buy to let homes warm enough as a tenant’s rights protest coalition claims they should be forced to meet minimum energy standards.

2.4 Million Homeowners Row with Builders Over Shoddy Work

5th August 2011

More than 2,000 householders a day have a row with builders and decorators – with many forced to turn to the courts or trade bodies to help them resolve their problems. According to the latest findings from a Which? survey, 2.4 million people have complained about tradesmen in the past three years.

Private Landlords Wary of Rate Rises

5th August 2011

Official bank rates will stay at 0.5% after the Bank of England’s monetary policy committee voted for no change for a record 29th month in a row. They also agreed to keep quantitive easing at £200 billion. Buy to let landlords are concerned that mortgage interest rate rises could drive them out of business, according […]

Yorkshire Launches Limited Buy to Let Lending

4th August 2011

Yorkshire Building Society is taking a tentative step in to buy to let lending with a limited range of mortgages for landlords. Buy to let borrowing will be available through the building society’s subsidiary Accord Mortgages. The plan is for a ‘suck it and see’ approach for the Yorkshire’s first foray in to the buy […]

Seven Tenants Chasing Each Home for Rent

4th August 2011

Up to seven new tenants are competing to rent each home- and the gap between available properties and the number of tenants who can’t find a home is widening. The number of tenants seeking a home has jumped by 15% during the three months ending June 30 compared with the same period last year, according […]

Student housing problems trigger ‘town v gown’ rows

2nd August 2011

Residents are failing to take a shine to glass and steel tower blocks to house students in university towns and cities. ‘Town v gown’ upsets are setting neighbours against each other in some communities in angry rows over noise, anti-social behaviour and falling housing standards. With around 3 million students at the UK’s universities and […]

London’s calling corporate investors in to buy to let

2nd August 2011

London buy to let landlords may soon have to fight toe-to-toe with institutional investors for prime residential property. Soaring rents and a shift from owning a home to renting a home for younger adults is triggering fresh interest in residential investment from pension funds and property companies ready to pour millions into housing in the […]

OFT launches new customer code for letting agents

2nd August 2011

The Property Ombudsman finally has government go-ahead to tighten up on rogue letting agents who exploit landlords and tenants. After two years of trying, the Office of Fair Trading has given the nod to the ombudsman to introduce a lettings code for agents. The aim is to give better financial and legal protection to some […]

Peace in the war between landlords and tenants

2nd August 2011

Forget the odd moans and gripes between those traditional enemies landlords and tenants – the majority get on just fine. Nearly every landlord has a good relationship with their tenants, according to the latest survey from the National Landlords Association. Six out of 10 landlords described claimed they got on ‘very well’ with tenants, while […]

rustic looking Gavel

Property fraudsters to pay £200,000 or face longer in jail

29th July 2011

Crooked property investors who lied on mortgage applications to finance 19 buy to let homes have to pay back £200,000 of rents in six months or face longer in jail. John and Helen Rose, 45, from Doncaster, were sentenced in February last year, for fraud following an 18 month investigation by South Yorkshire Police. They […]

MPs slam HMRC for poor customer service

29th July 2011

The tax man is under orders to beef up customer service after an investigation by MPs revealed the frustration of taxpayers dealing with HM Revenue and Customs. MPs sitting on the Treasury Committee have reported on the administration and effectiveness of HMRC – and found the tax man wanting in several areas. HMRC blames PAYE […]