Archive | July, 2010

House prices dip as buyers are in short supply

An arid August looks set to lie ahead for agents, with the latest data – from a variety of sources – showing prices, transaction levels and mortgage lending all heading south. 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 [...]

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Home buyers to pay higher rate of stamp duty for energy inefficient homes

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. [...]

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Rental property stock at all time low

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 [...]

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TRITAX £190m commercial property sales nets investors 7%

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 [...]

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Buy to Let Investor Profile Q2 2010

Buy to Let Investor Profile Q2 2010

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. Buy-to-let mortgages offered in Q2 2010 Average loan size: £109,712 Average loan to value: 64.5% [...]

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National Landlords Association Promotional Code

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 [...]

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Poor inventories costing landlords millions

Poorly-prepared inventories could be costing landlords millions of pounds each year, according to new research. The Video Inventory Agency claims that the number of disputes between landlords and tenants is growing each year – with 23,500 occurring in 2009 in the UK, reports Property Wire. Three years ago, the introduction of the Tenancy Deposit Protection [...]

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