Page 954 – Property118

House price figures deliver more nonsense values

18th January 2011

The monthly house price charade seems ridiculous when lenders and the government are still crunching the numbers for November when online stores and personal banking web sites can deliver real time stock and account details in seconds.

Running a buy to let property – Landlord law FAQ

17th January 2011

Landlords are often fined huge sums in court for failing to maintain their properties.  Some deserve their fines but many others are confused by the law and rely on advice from letting agents and other property professionals who may not know much better themselves.  This troubleshooting guide for buy to let landlords answers many of […]

Buy to let lenders offer ‘golden goodbye’ discounts

17th January 2011

Cash-strapped banks are offering to write off huge amounts to encourage landlords and property investors to remortgage to another lender. Some banks are offering up to 25% of any mortgage debt as an incentive.

House sales slump to an 8-year low

14th January 2011

The big freeze sent a chill through the housing market as sales slumped to an eight-year low in December. Estate agents say sales plummeted to just an average two per branch for the month – the lowest figure since January 2003.

TV business guru switches on to wills and IHT

14th January 2011

Business guru Gerry Robinson is turning his talents to solving inheritance tax and estate planning problems for families in a new TV show. The new six-part series ‘You Can’t Take It With You’ starts on BBC2 tonight (January 14) with a look at families who want to split their money between their children and favourite […]

Buy to let mortgage war hots up with rate cuts

13th January 2011

The buy to let mortgage war is hotting up as more lenders cut rates as they grapple with each other to grab a larger share of the market. Landlords are not likely to make property investment mortgages easier to access – lenders are just vying with each other to attract business to their companies rather […]

Have your say when MPs debate housing benefit reform

12th January 2011

Landlords can have a say about government reforms on local housing benefit for private tenants by taking up an invitation from the Residential Landlords Association (RLA). The RLA has sent out a plea to thousands of members to participate in an online survey.

Buy to let lender warns landlords about email scammers

11th January 2011

A leading buy to let mortgage lender has warned landlords to watch out for an email scam. A bogus email seemingly sent by Platform Home Loans asks property investors for a processing fee and identification details that lets the lender release mortgage funds.

Mark Alexander

New blog topics coming soon

10th January 2011

The two new topics will be: Cautionary Tales – this will include Case Studies from a panel of landlords and professional advisors explaining how they or their clients lost money and what they now do differently.

Buy to let mortgage lenders slash rates

10th January 2011

Buy to let lenders keen to attract new landlords have released several broker-only products with some keen incentives. Although most industry experts have predicted availability of funds will remain tight for several months, some lenders want to broaden their market share by extending borrowing to buy to let investors.

Property price tumbles cost homeowners £110 a week

10th January 2011

Property price rises and falls added up to the average home losing £110 in value every week last year, according to mortgage lender the Halifax. The average house price at the end of December was £162,435 – down £5,741 across the year and representing a drop of just 1.6% for the 12 months.

Questions to ask a Property Sourcer

10th January 2011

Two of the UK’s largest buy to let mortgage providers have introduced a criteria not to accept mortgage applications for properties purchased through property sourcers.  This has angered many people who don’t have the time to source properties for themselves or the necessary negotition skills.

The origins of the phrase Bulls and Bears – heated debate

9th January 2011

This week I’ve been involved in a group debate with three people who hide their identity on a popular property investors forum.  The people on the opposite side of the debate consider me to be a property Bull and themselves to be Bears.  They do not invest into property.  One went under the handle “Wisebear”.

Two out of three property lawyers expected to close

7th January 2011

Two out of three law firms dealing with conveyancing and property are expected to leave the market during the next 12 months. Some fear the lack of competition in the market may lead to rising costs that will hamper an already fragile housing recovery. Lawyers are feeling the squeeze from three sides –

HMO planning and selective licensing

7th January 2011

Property investors find the complicated rules that govern licensing and planning for shared housing – legally termed a ‘house in multiple occupation’ or an ‘HMO’ – a nightmare to navigate.