November 30, 2009 on 4:43 pm | In News | 1 Comment
The recent recovery in UK house prices ‘looks suspect’ according to the conclusions of a major property report by Barclays Wealth, which includes a warning about following the conclusions of the proliferation of private sector house price indices. Chris Marshall, CityWire.co.uk – 30 November 2009 Barclays Wealth concludes that in the UK prices have not [...]
November 30, 2009 on 4:40 pm | In News | 1 Comment
Landlords who are obliged to pay considerable sums in fees to register the deposit they take from a tenant should shop around as one of the three authorised deposit takers is increasing its fees. Lorna Bourke, CityWire.co.uk – 30 November 2009 The Dispute Service has announced an increase and a change in its method of [...]
November 30, 2009 on 1:46 pm | In News | No Comments
LONDON (Reuters) – The outlook for Britain’s commercial property market has become more optimistic for the next three to five years, due to expected strong growth in capital values, a survey showed on Friday. Property experts polled from September to November expect average capital values to fall 9.7 percent in 2009, about half the 18.4 [...]
November 26, 2009 on 6:48 pm | In News | 1 Comment
There is evidence of a split in the buy-to-let market, with the number of landlords extending their portfolio increasing but remortgaging activity tumbling. moneyfacts.co.uk – 26 Nov 2009 Almost half of landlords (48 per cent) obtained a mortgage to extend their portfolio in the third quarter of 2009 – a vast improvement on quarter four [...]
November 26, 2009 on 11:53 am | In News | No Comments
The world’s tallest building will open in Dubai in just five weeks’ time and visitors to its observation deck on the 124th floor will be able to look down on the half-finished buildings and empty construction sites that now litter the Gulf emirate. TimesOnline, David Wighton: Business Editor – 26 Nov 09 Dubai’s once-booming economy [...]
November 25, 2009 on 8:03 pm | In News, Newsletters | 2 Comments
New Legislation Download the Full Newsletter November 2009 As we are about to enter the second decade of the 21st Century, and with the prospect of a new government half way through next year, perhaps now is a good time to take stock of the planned and likely new legislation which will affect landlords. Since [...]
November 25, 2009 on 6:12 pm | In News | 1 Comment
Buy-to-let and second charge mortgages will come under the scope of the Financial Services Authority under new proposals from the government for tougher home loans regulation. CityWire.co.uk, Chris Marshall – 25 November 2009 The City regulator hinted at this further regulation of mortgage lending several times in the past, partly in a bid to stamp [...]
November 25, 2009 on 12:04 pm | In News | 2 Comments
Rugby estate agent Craig Walford has taken over the lettings portfolio of Greenwoods after it went into voluntary liquidation, owing £382,000. The money includes tenants’ deposits. EstateAgencyToday.co.uk – 25 Nov 2009 Stephen Greenwood had been in business for 36 years, said Walford, formerly with Newmans and whose own business is three doors away in the [...]
November 25, 2009 on 12:01 pm | In News | 2 Comments
Paragon, the buy-to-let mortgage specialist has said it is ready to resume lending to new customers following its withdrawal from the market two years ago. IntroducerToday.co.uk – 25 November 2009 The Solihull-based lender was forced to launch an emergency GBP 287m rights issue to avert receivership in January last year. The collapse in the securitisation [...]
November 25, 2009 on 11:58 am | In News | 1 Comment
Sharp rises in subscriptions will kick in shortly for agents using the Tenancy Deposit Scheme, as a new charging system comes into force. EstatAgentToday.co.uk – Wednesday 25th November 2009 This will mean no more flat fees, with subscriptions varying from firm to firm. Exact details will be announced in January. The changes are because of [...]
