March 19, 2009 on 3:35 pm | In News | No Comments
Tenants are forcing down rents by negotiating hard because there is an oversupply of rental property, according to the RICS. Property Week – 19.03.09 Would-be sellers who have chosen to rent their properties until sales improve are leaving tenants with unprecedented choice and in a strong position to bargain, the RICS lettings survey shows. Rent [...]
March 18, 2009 on 4:32 pm | In News | No Comments
The Home Builders’ Federation (HBF) today warned the government and the Financial Services Authority that regulation of the mortgage market was not a solution to the threat of future house price inflation. David Doyle – Property Week – 18 March 2009 The body, which has around 300 members accounting for 80% of the market, said [...]
March 18, 2009 on 9:44 am | In News | No Comments
Britain’s economy is set to keep shrinking well into next year, even after all or most of its leading competitors have begun to enjoy renewed growth, the International Monetary Fund will warn this week. Gary Duncan, Economics Editor, Times OnLine – 18 March 2009 In a severe blow to Gordon Brown’s hopes for an economic [...]
March 17, 2009 on 12:52 pm | In News | No Comments
www.SurvivingTheCreditCrunch.org.uk has launched a new stress busting page to help point people in the direction for help and support. Richard Fenton, Surviving The Credit Crunch – Tuesday, 17 March 2009 We have all heard how confidence has been lost in the financial markets as a result of the recent events in the global banking sector, [...]
March 16, 2009 on 5:19 pm | In News | No Comments
Villagers have daubed ‘No More 2nd Homes’, ‘Greed’ and ‘Go Away’ on buildings in a picturesque village where many properties were empty for long periods of the year. Property Week – 16.03.09 The protest came as concern grew in some parts of the countryside that wealthy city workers were pricing locals out of the housing [...]
March 16, 2009 on 3:24 pm | In News | No Comments
First time buyers could save £1,799 a year to put towards a deposit for buying a property by simply spring cleaning their finances according to Halifax, the UK’s leading provider of mortgages to this type of consumer. PropertyWire.com – Sunday, 15 March 2009 New research by Halifax shows that almost half, 48% of would-be first [...]
March 16, 2009 on 3:21 pm | In News | No Comments
Companies are getting tough on buyers trying to back out of deals in the recession. Mark Tighe, Times Online – 16 March 2009 More than 100 homebuyers have been issued with High Court writs by developers who are trying to force through deals made at the height of the Irish property boom. Buyers are saying [...]
March 16, 2009 on 3:13 pm | In News | No Comments
Home buyers will be prevented from borrowing more than three times their annual salaries under new mortgage rules to be announced this week. Property Week – 16 March 2009 As part of a wide-ranging package of measures for banking regulation, Lord Turner, the chairman of the Financial Services Authority, will also declare a ban on [...]
March 16, 2009 on 2:57 pm | In News | No Comments
The use of rental homes as cannabis factories by tenants is an increasing problem facing private landlords, warns the National Landlords Association (NLA). Letting Zone – 12 March 2009 Some 29 police forces across the UK have reported “a sharp increase” in rented housing being used for cannabis production – a worrying issue for private [...]
March 16, 2009 on 2:48 pm | In News | No Comments
Some buy-to-let mortgage holders might be struggling to meet their repayments in the current economic climate, but for private landlords with student properties the recession could be boosting their profits, it has been suggested. Letting Zone – 13 March 2009 Indeed, figures from UCAS show that there is significant potential for tenancy agreements in the [...]
