In the UK private rented sector, the average rental price for a residential property now stands at a staggering £777 (GBP) per month across the whole of the country, but there are some regional differences. Private sector rents in Greater London rose by 6.7% during the last 12 months to reach a regional average of £1,224 […]
Read MoreAccording to one of the UK’s leading mortgage lenders, residential property prices in the UK rose by more than economists had expected in January putting a halt to the annual decline. Nationwide say that residential property prices in the UK actually increased by 0.5% in January 2013, a further sign that the two years of […]
Read MoreHome owners and landlords with properties with London, Leeds or Bradford postcodes have been identified as most likely to be at risk by insurance companies Research analysing insurance claims have identified LS13, an area of Leeds, where terraced properties sell for just over £100,000 (GBP), as the UK’s worst burglary black-spot.
Read MoreThere has been a general slump in the number of private landlords in the UK who are willing to take applications from people on benefits and local authorities are being warned that they need to take action. As previously reported, http://blog.legal4landlords.com/welfare-reform-is-bad-news-for-landlords-and-tenants , there is now a significant fall in the number of landlords even willing […]
Read MoreThe homelessness charity, Shelter, say that Private Rental Sector (PRS) rent increases are leaving more tenants in a rent trap. According to the charity, private sector rents in England are rising by an average of almost £300 a year across the country, in the South-East where PRS rents in some areas have gone up over […]
Read MoreIn the UK the combination of high tenant demand, increasing rents and realistic vendor pricing of properties for sale has been a major driving factor behind the increase in PRS rental yields. Buy-To-Let rental yields increased from 6.1% to 6.7% over the last quarter of 2012, with the biggest jump in the private rented sector […]
Read MoreTax Year Deadline is 31st January 2013 Despite all the awareness campaigns and TV advertising, Her Majesties Revenue & Customs (HMRC) repeatedly attempt to tell us that completing a self assessment tax return doesn’t have to be taxing! However, as anyone who has ever completed a self assessment tax return will tell you, the evaluation […]
Read MoreResidential property values increased by an average of 1.3% in December 2012 but according to the latest figures released by the Halifax, property values are likely to end 2013 at levels close to where they began. The Halifax House Price Index revealed an average residential property price of £163,845 (GBP), up from £161,795 (GBP) in […]
Read MoreGovernment ministers face an increasing amount of pressure to disclose their official estimate of how many immigrants will pour into Britain next year from Eastern Europe, after remarks were made on The BBC’s Sunday Politics Show. Communities and Local Government (DCLG) Secretary Eric Pickles conceded on TV that a wave of immigrants from Romania and […]
Read MoreWell it’s the end of the year that was supposed to mark the end of the world for mankind and yet we survived and it wasn’t all doom and gloom, 2012 did bring the UK some joy with events and celebrations across the country, including: For the general public: An inferior team, who hadn’t won […]
Read MoreGovernment Backtrack On Energy Performance Certificates (EPC’s) New regulation of Energy Performance Certification (EPC’s) set to come into effect on 9th January 2013, and is intended to ease the quagmire of paperwork for estate agents, property management companies, letting agents and landlords when preparing to advertise a vacant property for sale or let. Although agents […]
Read MoreAnalysis of rental data by Belvoir Lettings has revealed that private rented sector (PRS) rents have fallen across the UK by an average of 2.4% since the start of the credit crunch in 2008. Belvoir said it gives a much more accurate view of the UK PRS rental market on a national scale rather than […]
Read MoreWhat’s in store for the UK residential property and Buy To Let markets in 2013? Many of the predictions made by respected property analysts have so far been fairly positive in that the state of the UK residential property sales market can’t really get much worse, and the Buy To Let rental market should continue to […]
Read MoreLandlords Urged To Be More Realistic With Rental Asking Prices With tenant demand for private rented sector (PRS) property easing due to the countdown to Christmas and New Year, it has come to light that many landlords have set rental asking prices that are beyond the affordability of many tenants. London-based property consultants have advised landlords to […]
Read MoreFailure To Plan Is Planning To Fail A recent survey by a national lettings agency has highlighted financial losses incurred by landlords due to failing to plan for unexpected costs. Landlords pay an average of £1500 (GBP) per year out of their rental income on covering tenant rent arrears, maintenance and repair bills and void […]
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