Homeowners face more misery as house prices dropped back for the first time in six months as the stamp duty holiday for first time buyers ends.
The fall signals the start of an expected slow decline in house prices as first time buyers race to complete a purchase rather than holding off until later in the year. Continue reading House prices down 1% and may drop further, warns lender
Following George Osbourne’s Budget announcement, NAEA have offered a damning response as Wendy Evans-Scott, President of the National Association of Estate Agents (NAEA) labelled it a failure and a missed opportunity.
“Not only has the Chancellor failed to offer any real help to lower and middle income homeowners and First Time Buyers, but from Saturday, the Stamp Duty Holiday for FTBs will be coming to an end.
Continue reading NAEA Unhappy with Budget Announcement
The broken housing market is pushing more accidental landlords into the buy to let market, according to lenders and letting agents.
As homes are becoming more difficult to sell, desperate owners who need to move are turning to let to buy mortgages so they can buy a new home while renting their former home out.
Around 20% of buy to let mortgage applications handled by Platform, the Co-Op Bank’s property investment arm, are from let to buy owners who need to move home. Continue reading Let to buy is soaring, say lenders and letting agents
– News Sourced by Property118 News Team –
Landlords have been told to ensure their tenants know how to deal with and prevent mould from condensation by The Association of Independent Inventory Clerks.
With the cold meaning bathrooms windows will be firmly shut, condensation could be creating costly-to-fix damp. The AIIC have created a check list for landlords to give to tenants: Continue reading Landlords Should Beware of the Costs of Condensation
News Sourced by Property118 News Team
The rise of buy to let is more about the decline of social housing in the UK over recent years, according to the latest housing statistics from the Communities and Local Government Department.
The gap between private and social renting has steadily shrunk from 3 million to just 200,000 over the past 30 years as right-to-buy and lack of funding for building new homes has decimated public sector housing stock.
At the same time, landlords have piled in to buy to let. Continue reading Buy to Let Set to Take Over as the New Social Housing
After moving into my ex-HMO and refurbishing it last year, I decided that I wanted an open fire or woodburner. I’ve always wanted one and seemed to have come so close a few times but then sold a house before my dream could become a reality – husband citing it as a poor investment.
During the renovation the builder found the old hole for the fire, the surround which had been ripped out years ago in a fit of “modernisation” (bastards). I did some research and gawped at the prices of surrounds, flues, hearths and decided that I’d have to have the heating on full blast for the next 10 years to make it cheaper than fitting a fireplace and its paraphernalia. You see, I also needed to build the chimney up as someone had decided to take the stack down to just above the tray which was now leaking. £££££s or should I say, bills, were floating before my eyes. It was whilst salivating over what could be that I met THEM…………… Continue reading I Should Have Known Better
The latest news and views from the property market and private rented sector. Ben Reeve-Lewis and Mary Latham highlight some very important issues all landlords looking to take advantage of the Olympic frenzy should consider, Mark Alexander reviews a free eBook in his Landlords Log and we would like to welcome our new guest columnist Helen Kirkham of HMO Cleaning.
Continue reading Property118 Landlords Newsletter – Issue 84
Green, orange, black…… The wonderful colours of mould that you may spot in your house!
Damp can be a major problem in student houses. It can cause mould on the walls and furniture, and make timber window frames rot. It encourages mites and can increase the risk of respiratory illness and quite frankly, it is yuk! Continue reading Damp – a tenants guide to preventing and treating it
A council housing inspector was locked in shared flats by a defective lock while inspecting fire safety precautions at the property.
Magistrates heard the incident happened after Wyre Council had received complaints about the flats in Windsor Terrace, Fleetwood, Lancashire. Continue reading Council Inspector Trapped by Defective HMO Locks
A landlord was fined £4,000 for failing to carry out fire safety work at a rental property after a tenant had to flee to safety from a blaze.
Islington Council had already served Nadia Boujema an improvement notice ordering the fitting of fire detection equipment at the home near The Angel, North London. Continue reading Landlord Fined £4,000 after Tenant Flees Buy to Let Blaze