Tag Archives: chartered surveyor

Rics want a 5% annual price rise cap House Prices, Latest Articles

The Royal Institution of Chartered Surveyors (Rics) want a 5% annual price rise cap for houses that triggers restrictions on mortgage  income multipliers or maximum Loan to Value.

Although Rics did say that sellers  under their plans would not face a limit on how much they could sell their homes for.

Joshua Miller, senior economist at Rics, wants to halt a debt-fuelled house price advance and said “the Bank of England now has the ability to take the froth out of future housing market booms, without having to resort to interest rate increases. Capping price growth at, say, 5% is one way of doing this.”

“This cap would send a clear and simple statement to the public and the banking sector, managing expectations as to how much future house prices are going to rise. We believe firmly anchored house price expectations would limit excessive risk taking and, as a result, limit an unsustainable rise in debt.”

Sir Howard Davies,  a former deputy governor of the Bank, does not think this kind of cap would work and said “The problem is that we are not building enough homes.”

This is a good point as it is clearly the lack of supply that is pushing up house prices especially in the capital rather than increased demand because we are all better off now than before the recession started.

Then there is the question of regional differences. Do you smother any potential housing market recovery in areas outside London that have not seen the same rises and if not how do you tell an National high street bank to have different criteria and systems in different parts of the country.

This would be clearly unrealistic, unworkable and unpalatable for lenders.

The Housing Market is very mature and almost free to work on the pure economic principles of prices being dictated by supply and demand. It is therefore very difficult to control directly without looking at all the factors that influence it.

Rics may be naive in thinking simplistic one sided controls like this are the answer to the problems of a very complex housing market and its demographic and social issues.Rics


Robert Desbruslais of AskASurveyor Brighton GOOD Landlords Campaign Sponsors

The GOOD Landlords CampaignRobert Desbruslais of AskASurveyor Brighton

I am neither of the above, however I do want to support The GOOD Landlords Campaign and welcome the opportunity to network with members

www.askasurveyor.co.uk is a unique online service for anyone with concerns about property defects, conflicting advice from builders, “specialists” suggesting expensive damp or timber treatments, mortgage valuation problems or concerns about workmanship.

For £40, a fraction of the usual cost, you can ask a fully qualified chartered surveyor, registered with the RICS, your question and upload any pictures or files to help clarify the matter. You and the surveyor will then enter a private correspondence until your question has been satisfactorily answered. If for any reason we can’t resolve the issue, you will be refunded. Practical, independent advice you can’t afford NOT to have.

Continue reading Robert Desbruslais of AskASurveyor Brighton


Download Barnes Property Auction Catalogue for 28.02.2013 Property Auctions

Guide To Buying Property At AuctionPer instructions from East Midlands Housing Group, Mansfield District Council, executors, Beneficiaries, trustees and other sources Barnes Chartered Surveyors is holding a collective sale of investments and “property with potential” of immediate interest to speculators, builders and investors on Thursday 28th February 2013 at the Towers, Botany Avenue, Mansfield, Notts NG18 5NG commencing 3pm prompt. Continue reading Download Barnes Property Auction Catalogue for 28.02.2013


E-news Summary for 22/01/2013 eNews, UK Property Forum for Buy to Let Landlords

Is rent hiking a good business model?

Is rent hiking a good business modelIt’s been a while since I wrote anything in my ‘Don’t shoot the messenger’ series. Mainly because I kept getting shot ha-ha.

But I have a tough skin.

This article is an open letter to all you P118 landlords but probably more the London crew, because it is about rent increases and London is a different animal to the rest of the UK. I see properties for rent in different parts of Britain where the rents seem reasonable.

London is off the scale though. read on

Landlord registration is costing £400,000 per rogue

Landlord registration is costing £400,000 per rogueA multi-million pound scheme introduced to crack down on rogue landlords has resulted in only 11 people being reported to the procurator fiscal in two years.

The Landlord Registration Scheme has so far cost landlords and the taxpayer nearly £18 million since 2006, figures obtained by the Scottish Conservatives have revealed.

That breakdown revealed responsible landlords have paid £11.2 million in fees, while the start-up Scottish Government grant for the scheme was £5.2 million. Annual running fees for the website since 2006 are estimated to be just under £300,000. read on

Should I purchase a dryer in a shared house ?

Should I purchase a dryer in a shared houseI have a shared house where the tenants are respectful and love this refurbished property as their home. The only thing they are requesting is proper drying facilities so they no longer need to use clothes racks or hanging stuff outside in the winter months

What do I do ?

The tenants would be happy to purchase tokens off me for its running cost if I purchased a token/coin operated timer equipment controlling a standard dryer.  read on

Readers question for building contacts and advice

Readers question for building contactsWe are a Manchester based property company and are in the process of building a small two bedroom two bathroom house, which we would like to sell or let when completed.

Where can I find authoritative information, preferably free, regarding the cost differences between :

(1) 12.5 mm dot and dab plasterboard and skim and 13 mm 2 coat wet plaster finish.

(2) 22 mm t & G flooring grade chipboard and 22 mm timber t & G boarding. read on

 

Tenancy Deposit Question from a Tenant

Questions

We have been renting a house and our landlady used a local estate agent for the process.

We are due to renew our tenancy and our landlady, after seeing all the charges for renewing to us from the estate agents, has said she was happy to do a private agreement between us. We get on very well and are good tenants.

The estate agents are now saying I can’t get my deposit back, surely if she is dispensing of their duties, I am entitled to it back? read on

Seller numbers jump by 22% and Rightmove traffic swells by 27%

Rightmove have released their House Price index for January which reveals some very interesting trends summarised below.

A copy of the full report can be downloaded by completing the form at the foot of this article. read on

Go to Latest Articles for all Property118 News:  CLICK HERE

Including in the last 5 Days:

  • Landlords investing more according to new data from ARLA
  • Ground Rents Investment Question
  • Rents rising in Scotland
  • Advertise property to let, reference tenants, guarantee rent – one package
  • NLA welcomes the launch of the Green Deal Cashback Scheme
  • Nottingham Buy to Let with three year assured 9.2% net yields
  • The Deposit Protection Service announce new pricing structure
  • Positive end to 2012 for the UK property auction market reported by EIG

Property Auctions: CLICK HERE

Dafydd Hardy Property Auction – 31/01/2013

Dafydd Hardy Property AuctionDafydd Hardy are holding a property auction on Thursday 31 January 2013 at the Anglesey Arms Hotel, Menai Bridge – 5:30PM.

To download the auction catalogue please complete the short form below. read on

Parsons Son & Basley Property Auction East Sussex – 21/02/2013

Parsons Son & Basley Property AuctionParsons Son & Basley are auctioning 10 properties at the Banqueting Suite, Hove Town Hall, Norton Road, Hove BN3 3BQ Thursday 21 February 2013 at 3pm.

To download a copy of the catalogue please complete the form below. read on

Louis Taylor Property Auction Stoke on Trent 12/02/2013

Louis Taylor Property AuctionLouis Taylor are holding a property auction consisting of 12 lots with guide prices from as little as £35,000 at 7pm on 12 February 2012.

The venue for the auction is 66 Trinity Street, Hanley, Stoke-on-Trent, Staffordshire ST1 5NB

To download a copy of their catalogue please complete the short form below. read on

Clive Emson Auctioneers – Property Auctions 4th to 7th February 2013

Clive Emson AuctioneersClive Emson Auctioneers are holding their first auctions of the New Year on 4th-7th February offering 116 Lots. Download their auction catalogue by completing the form below. The four auctions cover lots of land and commercial and residential properties across the whole of southern England, from Kent to Cornwall and from the Isle of Wight to the M4 corridor. read on

Athawes Son & Co National Property Auction 29.01.2012

Athawes Son & Co Property Auction 29.01.2012Download the auction catalogue for the Athawes Son & Co National Property Auction Sale.

Date: Tuesday 29th January 2013 commencing at 1pm

Venue: The Grand Connaught Rooms, 61-65 Great Queen Street, Kingsway, London WC2. read on

Nottingham Property Auction – 13th Feb 2013

Nottingham Property Auction - 13th Feb 2013HEB Chartered Surveyors are holding their first Nottingham property auction of the year on 13th February 2013.

There are 17 properties going under the hammer with guide prices from £20,000. read on


Landlord’s guide to client money protection schemes Landlord News, Latest Articles, Lettings & Management, Property News, Property118 News

Letting agents regularly go bust amid claims of owing landlords and tenants thousands of pounds, so here’s a quick guide to what to look for to safeguard your money.

Letting agents are not regulated, which means anyone can open and trade as a letting agent without any qualifications or licence.
Continue reading Landlord’s guide to client money protection schemes


House sales 40% down on buy to let boom years Buy to Let News, Landlord News, Latest Articles, Property Market News, Property News

The housing market is still trying to shatter the glass ceiling imposed by mortgage lenders restricting home loans, but expectations are exceeding reality for most sellers as sales have plunged 40% since the 2007 boom.

A number of surveys looking at the market all report more activity but less sales. Continue reading House sales 40% down on buy to let boom years


Property plays a vital role for funding pensions Buy to Let News, Financial Advice, Latest Articles, Property Investment Strategies

Property investors with buy to let rentals and holiday homes expect to supplement their pensions with cash from renting or selling, according to a new survey.

Around 73% of over 55s expect to raise extra income or cash in their retirement from property, says the Equity Release Council, the trade body for equity release lenders. Continue reading Property plays a vital role for funding pensions


Mortgage famine fuels buy to let rent rises Buy to Let News, Latest Articles, Mortgage News

Rent rises are fuelled by a mortgage famine that is forcing home owners that cannot sell to become reluctant landlords who have to rent themselves to move on.

The latest lettings survey by the Royal Institution of Chartered Surveyors (RICS) shows rents have followed an increasing trend since 2009. Continue reading Mortgage famine fuels buy to let rent rises


Property Forum and News website where UK landlords and letting agents share best practice