Inside Track, the company that promised to turn a generation of Britons into ‘property millionaires’, has gone into administration. Simon Lambert, This is Money – 29 April 2008 Inside Track’s model of recommending flats such as those in Manchester’s Hacienda building has collapsed in the face of the credit crunch Britain’s biggest property investment company [...]
Local firm Empire Plumbing & Heating take the pain out of HIPS. 28 April 2008 With the arrival of spring homeowners thoughts turn to moving house. Since 14th December 2007 all houses marketed for sale within England and Wales are required to have a Home Information Pack completed. Temporary restrictions which currently allow houses to [...]
The new tenancy deposit schemes have been operating for 12 months. This is an important review, of considerable interest to landlords and letting agents, by Daniel Dovar and Michael Walsh, barristers at 33 Bedford Row – April 2008 Introduction The tenancy deposit schemes came into force on 6 April 2007. The idea of the schemes [...]
There is no doubt that doom and gloom about the property market – including buy to let – is rife at the moment, including speculation about property prices falling dramatically and landlords selling up in droves. However, according to Leaders – one of the UK’s largest independently owned letting specialists which has 34 offices across [...]
With demand for housing in the Private Rented Sector likely to soar due to the credit crunch, the Association of Residential Letting Agents, ARLA, has warned agents and landlords not to take advantage by cutting corners. Housefund.co.uk – 22 April 2008 ARLA pointed out that both the law and best practice has moved on a [...]
Welcome to the April 2008 edition of the LandlordZONE® Newsletter. Newsletter – The 2008 Budget Review – April 2008 Issue 29 Download the Full Newsletter The gloom, it seems, continues. A downbeat IMF report out last week concludes that the financial market crisis has developed into the biggest shock to the system since the 1930s [...]
For over a decade Landlord Action has been working in the best interest of the Landlord sector. To date they have acted for over 10,000 landlords and have first hand experience, expert knowledge and contacts to the inner workings of the industry. Over the years Paul Shamplina has been invited as a spokesperson to appear [...]
Speaking today at the Council of Mortgage Lenders’ annual lunch, CML Chairman Steven Crawshaw gave guests a hard-hitting look at the impact of the credit crunch on the UK mortgage market. CML Press Release – 11 April 2008 Calling on the Bank of England to inject further liquidity to help turnaround the ongoing process of [...]
Buy-to-let landlords will have to raid their savings and inject extra capital into their homes, under an obscure clause in their mortgage contracts, if house prices continue to fall. Daily Telegraph Property Week – 14th April 2008 Both Bradford & Bingley and HBOS-owned Birmingham Midshires, the two largest buy-to-let mortgage providers, each with 20% of [...]
HOME renovation would seem to be as exciting a spectacle as, well, watching paint dry. But as Britain neared the peak of a decade-long housing boom, it became prime-time television as producers rushed to make shows like “Property Ladder”. Those happy days in which acquiring a house seemed a sure bet have now ended and [...]
