As you are probably well aware, fixing up a property so it is suitable for letting can be a difficult and expensive task. The benefits can be great but it can be hard to get a good balance between the ever increasing costs of improvements and the overall gain. Read the rest of this entry »
In spite of severe downturn and credit crunch, the Residential Landlords’ Association (RLA) has disclosed that number of mortgaged landlords who made profit in 2008, has surprisingly remained at same level of 2007, when property market was at its peak. Read the rest of this entry »
Mortgage lending figures released by the Council of Mortgage Lenders (CML) indicate continuous fall as number of home loans extended in November 2008 sharply declined by 60% when compared with November 2007.
Number of new loans availed by the new borrowers was 33,000, around 17% less than number of loans granted in October 2008. Those needing bad credit loans stand little to no chance of success at this time. Read the rest of this entry »
The largest real estate investment trust, Land Securities, believes that year 2009 will be most challenging for the UK commercial property market. It is gearing up by selling assets to raise cash. Its shares plummeted to lowest price of nine years. Read the rest of this entry »
The UK landlords have revealed portrait of a perfect tenant to Halifax Land Insurance which surveyed 1,000 landlords to identify characteristics of their most desirable tenant.
According to Halifax survey, landlords would like to let their property, without reservations, to a tenant which is a female, aged between 36 and 45, practicing medical profession and living in London. This is the portrait of their desired tenant. Read the rest of this entry »
Satisfied with the nationalised Northern Rock bank’s repayments of £26.9bn loan, which are ahead of schedule, Chancellor of Exchequer, Alistair Darling allowed it to slash mortgage redemptions rates of home loans from 60% to 30% for existing customers who would seek renewal of their loans. Read the rest of this entry »
A £200m scheme launched by the government would enable no-for-profit housing associations to purchase all or part of home equity so as to protect homeowners from repossession of property. Read the rest of this entry »
Everyday news of suspension of productions, job losses and closures are making headlines in newspapers and on TV news channels. Construction industry in the UK is no exception; it failed to shield itself from ill effects of credit crunch and slowdown in economy. Read the rest of this entry »
The Deposit Protection Service (DPS), managed by Computershare Investor Service, a global deposit protection specialist, has released its latest report on disputes pertaining to landlords and tenants in the UK. It reveals that tenants in south-east of England are mostly at odds with their landlords. Read the rest of this entry »
House builders, who have been struggling hard for more than a year due to mortgage squeeze and a continuous fall in house prices, which contributed to sharp decline in property transactions, are going to benefit through £500m rebate being given by the taxman. Read the rest of this entry »