House prices are pretty much at a stand still this year although prices are up an average 6.7% for all types of property on July last year.
Prices climbed a modest 0.4% in July, according to the latest house price data from the Land Registry. Continue reading Land Registry Reports house prices rise by 6.7% in past year
One in four buy to let landlords have solid confidence in property investment and believe now is a good time to invest.
Only 2% consider now is a good time to reduce their portfolios – and although the rest think now is not the time to invest, one in three (32%) want to buy more buy to let property in the coming year. Continue reading Landlords eager to expand buy-to-let portfolios. Report from LSL Property Services
Buy to let mortgage advice
Many investors have become cashflow beneficiaries of the ‘Credit Crunch’ due to the lowest interest rates in history. A question I am often asked is, “Should I use the extra cashflow to reduce my mortgage balances?” I appreciate that one day interest rates will go back up again and the base logic for what I consider to be the incorrect decision to repay debt now is to reduce payments in the future. Continue reading What you shouldn’t do – buy to let mortgage advice
Mortgage lending for buying and refinancing homes was up 5% in July – an increase from £12.9 billion in June 2010 to £13.6 billion in July but a disappointing £0.4 billion down on July 2009.
Effectively, despite the Bank of England’s making billions available with a quantative easing policy to provide funds to encourage banks and building societies to lend, the amount of money available to home owners to borrow has stood still for a year. Continue reading No cheer for borrowers in latest home lending figures