Property investors have seen homes double in value over the past 10 years despite the ups and downs of recession.
Semi-detached homes were the biggest winners returning an average 111% increase – just over the 110% for terraced houses and 109% for bungalows. Continue reading Investors see homes double in value in the last 10 years according to a survey from the Halifax.
Increasing tenant demand and a fall in the number of properties available to let are driving rents higher, says the latest letting market review from the Royal Institute of Surveyors (RICS).
Tenant demand is strongest in London and the East but increased across all regions. Continue reading Buy to let bonanza as rents set to soar.
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