The cheapest homes in England and Wales were sold for just £8,000 in April, according to the latest Land Registry data.
Two homes sold for £8,000 out of more than 51,000 that changed hands. Continue reading Cheapest homes in England sell for just £8,000
According to the latest Landlords Panel research by BDRC Continental, one in four buy to let landlords own their property portfolio outright, while a third have a mixed portfolio.
The survey of NLA members showed something of a polarised investor community though. The investors who rely on buy to let mortgages believe the industry needs more competition, with only one in ten disagreeing. Many (60%) believe the buy to let lenders don’t take into account individual circumstances when it comes to mortgages and 39% believe the products available have little variety. Continue reading Buy to Let is a Living for Many
Property taxes in the UK are the highest in Europe, according to the latest figures issued by the European Union.
The latest figures are for 2010, and show revenue flowing in to government coffers from property taxes varies widely across the continent. Continue reading UK has the highest property taxes in Europe
Homes going under the hammer at auctions are going up in value, but are still significantly below average house prices.
April figures for homes sold at auction show 1,479 properties were sold for an average price of £101,060, according to auction monitor EI Group. Continue reading Auction homes sell for 37% less than average house prices
Nearly a third of landlords have plans to buy more rental property this year, according to specialist buy to let lender CHL Mortgages.
Landlord confidence is running high with just 1 in 10 aiming to sell property or leave buy to let, with 31% set to expand their portfolios, while the rest continue with business as usual. Continue reading Third of Landlords Ready to Buy More Rental Homes
Beds in sheds landlords are the target of a new government campaign to crack down on shoddy housing.
Housing minister Grant Shapps is spearheading the battle against the spread of ‘suburban shanty towns’ by injecting £1.8 million into a fighting fund for nine councils. Continue reading Task force targets criminal ‘beds in sheds’ landlords
The Coventry Building Society has cut rates and fees on buy to let loans through subsidiary Godiva.
Two year fixed rates are offered at 4.30% at 65% loan to value with a £250 booking fee and no arrangement fee, while another two-year fix is available at 3.99% with a £250 booking fee and a £749 arrangement fee.
Platform has also cut buy to let rates across a range of tracker and fixed rate buy-to-let products. Continue reading Buy to Let Arrangement Fees Reduced by Godiva and Platform
My article this time is more of an open question to which I would like your input. Background first.
I was listening to ‘In Business’ on Radio 4 the other day, a programme about something I had not heard of- the business concept of “Frugal Innovation”, currently much in favour with many huge corporations and even David Cameron.
The idea was first put forward in a book by the late C K Prahalad “The Fortune at the Bottom of the Pyramid”. He took his inspiration from the ingenuity and inventiveness of the Indian rural population in devising solutions to problems in their community when the average wage is 50p a day. Hardly enough to allow them to go around making prototypes and also not a normal market for corporations looking for people to sell to. Continue reading Jugaad
A garage hitting the market with a staggering £525,000 asking price in upmarket Knightsbridge, West London, has prompted a look for the cheapest homes for sale in the capital.
For homeseekers looking to buy outright, the cheapest home for sale in London is a one bed renovated houseboat in the Paddington Basin is on the market for £41,000, according to online property portal Rightmove. Continue reading London’s cheapest home is a £41,000 boat
Landlords are still purchasing more buy to let homes, according to research by a mortgage lender.
Property investors piled cash in to buy to let in the first three months of 2012, adding an average 1.8 homes to their portfolios, says Paragon Mortgages. Continue reading Landlords ready to sink more cash in to buy to let