Tag Archives: Forced Sale

Seller numbers jump by 22% and Rightmove traffic swells by 27% Landlord News, Latest Articles, Property News, UK Property Forum for Buy to Let Landlords

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. Continue reading Seller numbers jump by 22% and Rightmove traffic swells by 27%

Life Insurance for Landlords – IFA readers letter Buy to Let News, Cautionary Tales, Financial Advice, Landlord News, Landlords Insurance, Latest Articles, Property Investment News, Property Investment Strategies, Property News

Howard Reuben

IFA Howard Reuben

As an avid reader of Property118.com I was very interested to read a couple of recent articles 1) Should landlords buy life insurance and 2) What happens when a landlord dies –  both of which touched on the subject of what happens to the BTL mortgage contract if a borrower / landlord dies and also what happens to the property(ies) in this situation too.

What caused me to carry out some further detailed research in this matter, however, is that it was quite clear, not only from the comments left by readers but from my own experience as a Financial Adviser with 20 years business practice working in the BTL mortgage and insurance sector, and also as a portfolio landlord myself, that different people think different things will happen to their estate when they die. Continue reading Life Insurance for Landlords – IFA readers letter

Housing Market has Bottomed Out, Say Mortgage Lenders Latest Articles, Mortgage News, Property Investment News

Big red arrow pointing downwards

"The mortgage market has hit rock-bottom"

House prices and the state of the property market have probably hit rock bottom, according to banks and building societies.

Property values are about to level out and then show a modest increase, says the Council of Mortgage Lenders (CML), which speaks for all Britain’s major mortgage lenders.

Mortgage availability is also ‘broadly stable’ and has remained at around the same levels for two years, adds the CML.

The housing market analysis is based on the latest economic figures released by the government and the Bank of England.

The CML backs a Treasury forecast that suggest house prices have bottomed out and will stabilise over the next 18 months or so before beginning to rise in line with wage inflation.

“Despite the weakness of consumer sentiment associated with ongoing pressure on household incomes and the uncertain economic outlook, there are no signs of significant house price falls,” said CML chief economist Bob Pannell.

“Values continue to be strongly underpinned by the limited volumes of new build and forced sales. While current survey data suggests that house prices nationally may be drifting modestly lower in nominal terms, the prevailing view among economists is for house prices to stabilise through 2012 and then revert to growth of four to five per cent per year from 2014 onwards.”

Meanwhile, research by the Intermediary Mortgage Lenders Association (IMLA), the trade body representing lenders that market products through brokers, has revealed 34 per cent of intermediaries believe standard mortgage business levels will improve during the fourth quarter of the year, with 26 per cent expecting business levels to increase between three per cent and seven per cent.

IMLA chairman John Heron said: “This positive attitude from intermediaries is a reflection of the general improvement seen recently in the mortgage market. The pickup is slow but market conditions are gradually improving, particularly in the buy-to-let and remortgage markets.”

BoE find buy to let still on the up Latest Articles

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Buy to let up as housing market is subdued

The Bank of England’s Agents’ summary of business conditions June findings have further emphasized the sluggish activity in the housing market, but buy to let continues to thrive.

The smaller properties, usually expected to be bought by first time buyers, have been picked up by buy to let investors capitalising on the market of renters. Continue reading BoE find buy to let still on the up

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