Page 948 – Property118

Directors banned for £3 million landbanking con

6th June 2011

Three landbanking scammers were disqualified as directors after they sold worthless farm plots at hugely inflated prices with the fake promise of planning permission They traded as directors company Land Strategy, which went in to liquidation in July 2009 owing £78,900. Kevin Hilton of Crosby, Merseyside, Lynne Hilton of Burscough, Lancashire and Darren Butt of […]

Buy to let landlords maintaining their portfolio size

3rd June 2011

Just one in one hundred buy to let landlords think now is a good time to reduce their portfolios, according to a survey by LSL Property Services. Instead, 49% think they should be investing in new property, up 2% on last year. In fact of the landlords questioned, a massive 86% have said they will […]

Are the Tenancy Deposit Bodies Biased Toward Tenants?

3rd June 2011

Why the legislation was introduced- According to the last Labour government, a significant number of landlords were abusing their position and holding on to deposit money that rightfully should have been returned to the tenant at the end of the tenancy.

3 Dangerous Types of Tenant Part 1: Professional Bad Tenants

2nd June 2011

By @PaulShamplina, founder of @LandlordAction From acting on nearly 20,000 problem tenant cases since 1999, we have seen some horrific things in our time. Over the next three blogs, I am going to be talking about some dangerous types of tenants that landlords should try to avoid at all costs. The first type of tenant […]

Tessa Shepperson dedicates landlord eBook to Property118

2nd June 2011

Property118.com has had an eBook dedicated to it called “A Short Guide to Being a Landlord” by regular contributor and landlord law specialist Tessa Shepperson. The book comes free if you purchase her £17 eBook “The secrets of Assured Shorthold Tenancies and section 21” before 10am, 7th June.

Lenders plan to throttle mortgage market for 2 more years

2nd June 2011

Mortgage lenders have laid out their lending policy for the next two years – and the news does not look too good for borrowers. The forecast, released by the mortgage industry mouthpiece the Council of Mortgage Lenders (CML), hints that some extra funding for buy to let borrowing will come through later this year. Banks […]

Property tax reliefs listed for scrapping

2nd June 2011

Pay less stamp duty on a home in a ‘disadvantaged area’ is one of the 36 tax reliefs set for scrapping by the Treasury in a clean-up of the rule books. The proposal to ditch the relief is up for consultation – and the likely result is the benefit for home buyers is expected to […]

Property prices finally seem to have hit the bottom

31st May 2011

House prices were up 0.8% in April – the first time prices have crept above zero in 2011 and the highest monthly growth since January 2010, according to the Land Registry. Year-on-year, house prices are down 1.3%, but even this is a slowdown on last month’s figure. The Land Registry statistics underwrite those from other […]

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Mortgage Trust unveils its new buy to let package

31st May 2011

A new range of six buy to let mortgage products has been released by Paragon’s Mortgage Trust today, as well as two ‘Rapid Remortgage’ deals. The three fixed mortgage rates range from 4.89% to 5.09% with three tracker rates between 4.3% and 4.5%, they will only be available via intermediaries for purchase and remortgage.

Buy to let love affair is still blossoming for landlords

31st May 2011

It’s official – thousands more tenants are chasing fewer buy to lets as online property portal Rightmove reports searches for homes to let are up 66% over the past two years. In the same time, the number of available homes has dropped by 25%.

Nationwide confirms lifeless housing market

31st May 2011

Property prices are unlikely to bounce back strongly regardless of how the economy improves over the rest of the year, predicts mortgage lender Nationwide. The latest survey from the building society shows house prices increased by 0.3% from April to May, but the average home is worth around 1.2% less than a year ago at […]

Advice and Guidance on Buying Property at Auction

30th May 2011

Special thanks to David Humphries of buy-to-let.com for giving us permission to shine the spotlight on two excellent video’s he’s produced about purchasing property at auction. I first met David in 1995, as David recalls, before the phrase “buy-to-let” was a twinkle in the eye of it’s founders the Association of Residential Letting Agents (ARLA).

Should I be using an agent to let/manage my property?

27th May 2011

I regularly give talks all around the country at landlord forums and property events. At the beginning of a talk, I usually ask landlords to raise their hands if they are using a letting agent. Over the last couple of years, there has been a noticeable shift where more landlords are beginning to self-manage their […]

Buy to let landlord refitted dangerous gas supply

27th May 2011

Tenants’ lives were at risk when gas was reconnected to dangerous fittings after a safety engineer cut off the supply The landlord ignored warnings fittings were faulty – including a flue that was fitted back to front. Asif Azam of Whitelands Road, High Wycombe, was fined £800 and ordered to pay £2,000 costs after he […]

How property crooks cheat landlords out of cash

27th May 2011

Fraud investigators are warning landlords to watch out for crooks trying to cheat them out of cash. The overseas gangs are targeting buy to let and holiday let landlords with variations of a common fee scam. The fraudsters will contact landlords to make a corporate booking – often for a charity or religious organisation.

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BM Solutions – Buy to Let News Flash

26th May 2011

One of the leading buy to let industry lenders, BM Solutions, has released two new Remortgage only buy to let products that must complete on the draw down of funds by 30/06/2011.

Buy to let mortgage rates cut by TMW

26th May 2011

The Mortgage Works (TMW) has cut interest rates across some buy to let mortgages and launched a new fixed rate deal. Rates are down by 0.5% on mortgages for first landlords, let to buy borrowers and those offering free valuations and legal fees. The new fixed rate is 4.99% at 50% loan-to-value over five years […]

Sluggish housing market flatlines for another month

26th May 2011

The property market looks to have settled as house sales and mortgage lending seem to follow trends set over the past few months. Estate agents sold an average eight homes a branch in April – the same as February and March – says the National Association of Estate Agents (NAEA). A lack of mortgage funding […]