Well 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 MoreUK Property Prices Still Falling But Its Not All Bad… UK property prices fell faster than expected in November2012, attracting many new buyers according to the Royal Institute of Chartered Surveyors (RICS). In its latest analysis of the UK residential property market, RICS found that: 9% more of RICS surveyors reported property price falls rather than rises, […]
Read MoreUK Property values will remain subdued in 2013 It has emerged that while first-time buyers are continuing to struggle to secure mortgage loans on any type of property, according to UK mainstream mortgage lender, The Halifax. The UK mortgage lender said that while the overall outlook for UK property values “remains more unclear than usual” it […]
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 MoreLenders tell Buy-To-Let landlords they are not allowed to house tenants claiming benefits. UK private rental sector (PRS) landlords with buy-to-let mortgages are being prevented by their mortgage lenders from letting rental properties to tenants claiming benefits. BM Solutions, the buy-to-let brand of the Lloyds Banking Group, is one lender, and Accord, a Yorkshire Building […]
Read MoreBritish Bankers’ Association Announce Good News For Borrowers UK Mortgage lending reached an 11-month high in October, providing evidence that the housing market may finally be picking up, after a lull in recent months, according to the Council of Mortgage Lenders (CML). Gross mortgage lending rose to £12.9 Billion (GBP) and was 4% higher than […]
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 […]
Read MoreLandlords Warned That Severe Winter Weather Could Bring Big Repair Bills The National Landlords Association (NLA) has issued a warning to all UK landlords to check that their landlord insurance is up to date and to prepare for bad weather and freezing temperatures over the next few months, as weather forecasters predict a bitterly cold winter […]
Read MoreRents Rise But Arrears Fall Regardless of all the media reports about PRS rents rising for the seventh consecutive month, it also appears that the level of late or unpaid rent has fallen to the lowest level since January, equating to 8.1% of all rent across England and Wales in October 2012. A survey by LSL […]
Read MoreThe UK buy-to-let mortgage market continues to show signs of making a good recovery as lenders reveal that over £4 Billion (GBP) worth of mortgages were taken by active property investors during the 3rd quarter of 2012. The UK’s Council of Mortgage Lenders (CML) stated that £4.2 Billion (GBP) worth of mortgages were taken […]
Read MoreThe UK’s rental market has seen strong growth over the last year with rents stabilising in the third quarter to an average rent of £970 per calendar month after an initial fall in price in August. The market has seen a 2 percent increase in rents from September 2011, just 0.6 percent below the rate […]
Read MoreAs many UK landlords already know, there are always some issues that can arise during the course of a tenancy. These can vary from essential repairs to rent arrears and with the UK still slowly recovering from a double dip recession, money is tight all around. With this in mind Legal 4 Landlords offer landlords […]
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