Property news for people who let & rent flats, rent houses & rent apartments in the UK.
A letting agent has voiced its concern about landlords failing to provide inventories for their clients.
According to Southampton-based Tenants Direct, landlords can ensure they are protected via an inventory by renting out their properties through a professional letting agency. Continued…
Posted in Property News.
Letting agents have watched their industry change in the last 20 years.
Shabir Osman, the new national acquisitions director for letting agent Spicerhaart Residential Lettings, stated that the sector has grown over that period of time.
Mr Osman – who has also previously worked at letting agent Martin & Co as operations director – predicted that the industry will grow even further in the next 5 years. Continued…
Posted in Property News.
It has been reported today that house prices have taken a dip this month leaving questions about whether now is the right time to sell.
The dip has been attributed to the influx of new properties to the market since the recent scrapping of HIPs and as many predicted, supply now outweighs demand.
Yet, on the other hand, demand for rental property is at an all time high and with serious shortages of good rental housing stock, sellers would be wise to give the option of letting out their property some consideration.
If you are thinking about becoming a landlord, here are our top tips: Continued…
Posted in Property News.
lettingaproperty.com, an independently owned rental website has reported a growth in activity of 938% since January 2010. The unique number of visitors to the website is now in the region of 22,000 per month generating over 100,000 property page views per month. Continued…
Posted in Property News.
Mortgage lending fell in June, the Bank of England reported yesterday. The number of loan approvals for house purchase stood at 47,643, 4% lower than May’s figure of 49,461 and below the previous six-month average of 50,036. Continued…
Posted in Property News.
Home buyers could be forced to pay a higher rate of Stamp Duty if they buy a home with a poor Energy Performance Certificate.
The proposal would be introduced alongside the Government’s £90bn Green Deal scheme in 2012, by which householders will be offered ‘free’ green makeovers by energy companies, local councils or DIY chains.
The UK has to meet legally binding targets to cut greenhouse gas emissions by 34% of their 1990 levels within ten years.
Posted in Property News.
Letting agents have told Arla that rented accommodation stock is lower than ever before.
Almost three-quarters of the letting agent body’s members said they have more people looking for properties than available houses on their books.
Ian Potter, operations manager of Arla, stated that the spring season usually sees an upturn in the number of homes available to rent.
Posted in Property News.
Tritax, one of the largest independent property specialists, has sold the 8 buildings that comprise the balance of the original Birmingham Brindleyplace Fund to Moorfield and Hines for £190 million. The deal represents a 7.2% pa compound return to the fund income unitholders and a 7.8% pa compound to those holding capital units.
Brindleyplace was almost certainly the largest private equity specific property fundraising in 2003 and acquired 11 buildings in Birmingham equivalent of Canary Wharf, with major tenants including Royal Bank of Scotland, BT, Arthur Andersen, and the Royal Mail.
Posted in Property News.
Andy Young, chief executive at Landlord Centre takes a look at the results of its Property Investor Profile for Q2 2010. The profile tracks the product choices and demographics of landlords arranging buy-to-let mortgages via Landlord Centre’s specialist processing unit.
Average loan size: £109,712
Average loan to value: 64.5%
Average chosen fixed rate: 4.80%
Average chosen tracker rate: 4.31%
Posted in Property News.
If you a member of the National Landlords Association and you are looking to advertise a property to let, look no further as we offer the most competitive advertising rates for NLA landlords with our National Landlords Association Promotional Code.
We offer members of the National Landlords Association a 25% + VAT discount on all our 3 tenant find advertising packages. You can advertise a property to let from only £36.75 + VAT on lettingaproperty.com and our partner portals for one month.
All you have to do to receive your promotional code is provide us with your name and NLA membership number and once validated, we will send you your own promotional code.
Posted in Property News.
