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Friday, March 24, 2017

5 maps of the London housing market

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Ground rent investments from £8k -£75k

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Shelter campaign for longer tenancies

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Manchester property prices surge

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Buoyant market north of Watford

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Thursday, March 23, 2017

ARLA's latest PRS Report

ARLA have published their February 2017 Private Rented Sector Report

Their key observations from February

  • Rent increases in London are slowing
  • Overall, the supply of rental stock decreased  
  • Demand for rental properties remained the same 
  • Tenants stayed in rental properties on average - 18 months
  • It takes an average of six viewing to let a property
  • Average rental void period was three weeks 

1 in 4 'youngsters' think they will never own a home

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Lewisham landlords asked to home refugees

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A report on rising homelessness

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Car parking wars - sharing the space

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Do I need to fill out a tax return I buy to let without a mortgage?

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Wednesday, March 22, 2017

UK house price growth at 6.2% - ONS

The average UK house price increased by 6.2% in the year to January 2017 (up from 5.7% in the year to December 2016) according to the ONS House Price Index for January 2017.

England performed strongest, with average annual house price growth now at 6.5% ( average property price of £235,000 ), Wales is 4.2% ( average property price of £146,000), Scotland's now at 4.0% ( average property price of £142,000), Northern Ireland at 5.7% ( average property price of £125,000).

average house prices ons data for january 2017

In terms of the regions, the East of England is still performing strongest, followed by London and the south.

english regional house price growth ons jan 2017


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Global Housing Bubble Championship

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Renters twice as likely to have no savings

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Rent could be FTBs mortgage evidence

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Airbnb causing housing strain

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House price growth slows

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House prices outpacing earnings growth

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No money laundering regs for letting agents

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Bounce in ONS house price growth

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Gov. rogue landlord measures to start 6th April

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Monday, March 20, 2017

Rightmove's March HPI data up 1.3%

Rightmove's latest house price data shows the average property uploaded to the portal during March was up by +£3,877 (1.3%),  to £310,108 . This equals the performance of last March's BTL fuelled pre-stamp duty rush.

Unusually, it was the Midlands that lead this price charge, with both the East and West Midlands jumping by 2.1% over the course of the month.

Rightmove's Miles Shipside, comments: 

“Since the start of the decade, the average March price rise has been 0.9%, so this month’s 1.3% uplift is an indicator of a shortage of suitable property for sale in many parts of the country, with strong demand for the right property at the right price. Since 2007 we’ve only once seen a larger rise than this in March, and we are also keeping pace with last year’s rise, which had the added momentum of investors looking to beat the Stamp Duty tax deadline of April 1st..

While six consecutive years of price rises have been a gravy train for many home-owners, some of them are running into the buffers of affordability when they come to trade up. Meanwhile many would-be first-time buyers are being left waiting on the platform struggling to even get on board. Modest average wage rises and tighter lending criteria have limited buyers’ ability to pay more. While credit is cheap, if there are limits on its availability then the pace of rise has to slow even though demand for housing is high. Many buyers are being forced to be price-sensitive, so sellers have to be wary of over-pricing if they want to sell.

The price-rise crown has shifted from its previous strongholds. The pace is no longer being set by the more affluent commuter-belt south, including London with its international appeal. Neither is it set by the cheaper north driven by a mass of investors swooping on high buy-to-let yields. As markets in other areas of the country become more mature and run out of price-rise steam and froth, the fundamentals of the Midlands have come to the fore. Accessibly and conveniently located in the middle of the country, the area offers mid-range and relatively affordable prices at an average of around £200,000, whilst also exhibiting local economic breadth and strength. As other parts of the country suffer from varied factors such as highly-stretched affordability, changes in sentiment and increased economic uncertainty, it is the Mighty Midlands that is the current powerhouse of price rises.”




Brexit to begin on March 29th

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Email scam targets Mydeposits customers

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Scottish Property Market Report

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Midlands powers property price growth

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Londoners keen on 'Walk to work' property

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Hometrack founder looks for £1bn investment



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The death of the letting agent

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Rent Smart Wales Public Register

Rent Smart Wales have published a Public Register of their registered landlords and letting agents.

Searchable by a rental property address, the database will show if that property is managed by a registered letting agent or landlord.




Is Airbnb pushing up London rents?

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Regeneration is not a dirty word

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Thursday, March 16, 2017

London rents fall by 5%

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Dissatisfied with a RICS survey?

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Telford landlord guilty of unlawful eviction

A Telford landlord has pleaded guilty to two charges of unlawful eviction. 
Back in November 2015, landlord, David Beattie threatened his tenant with violence if he didn't leave his rental property in Dudmaston, Hollinswood.

Mr Beattie was ordered to pay £7,121.32 in costs, victim compensation and a victim surcharge, as well as getting 200 hours community service over the next 12 months, and a 5 year restraining order. 

Landlords need to always make sure to use the correct procedures when evicting a tenant.




Council leaves landlord with £30k clean up bill

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BTL rates lowest ever says BofE

Buy-to-let mortgage rates are at a record low according to the Bank of England, down more than 0.5% over the course of the past year.

The Bank's data from February shows that a standard two-year fixed-rate buy to let mortgage deal is now at an average rate of 2.76%, down from 3.29% in February 2016.  

It's offers some comfort with all the changes in Buy To Let involving both taxation and the new PRA lending standards.




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Tel: 029 2069 5446
Your home may be repossessed if you do not keep up repayments on your mortgages.  

The Financial Services Authority does not regulate some forms of mortgage.

Wednesday, March 15, 2017

Are landlords ready for the tax bomb?

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BTL lending down on last year

Email:info@propertyhawkbtlmortgages.co.uk
Tel: 029 2069 5446
Your home may be repossessed if you do not keep up repayments on your mortgages.  

The Financial Services Authority does not regulate some forms of mortgage.

Tuesday, March 14, 2017

Get your property noticed; dress as a parrot

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Housing wealth crucial to retirees

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Right to buy puts 40% of ex-council into PRS

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BTL investors give way to first time buyers

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Non-domestic Energy Efficiency Regulations

The Government have published the guidance document on the Energy Efficiency Regulations for PRS landlords of non-domestic rental property in England and Wales.

From April 2018, private non-domestic (and domestic) landlords must ensure that properties they rent in England and Wales reach at least an EPC rating of E before granting a tenancy to new or existing tenants. 

These requirements will also apply to all private rented non-domestic properties – including those properties where there has been no change in the tenancy arrangements from April 2023.

The document provides guidance and advice on:

Scope of the regulations: the steps a landlord should take to determine whether their property is covered by the regulations, and the steps they should take to ensure their property complies with the minimum level of energy efficiency.

Relevant improvements: how a landlord can identify appropriate energy efficiency improvements for their property;

Cost effectiveness: how a landlord can calculate whether particular improvements would be cost effective to install;

Exemptions and exclusions: the exemptions framework and the steps a landlord should take to register a valid exemption;

Enforcement: the enforcement framework and the options open to enforcement authorities when policing compliance with the minimum standards, including information on fines and other penalty options;

The appeals framework: landlord appeals will be heard by the First-tier Tribunal, part of the court system administered by Her Majesty’s Courts and Tribunals Service; the guidance discusses the steps a landlord will need to take to lodge an appeal, and how that process will be run.

Where a landlord believes that an F or G EPC rated property they rent qualifies for an exemption from the minimum energy efficiency standard, an exemption must be registered on the PRS Exemptions Register. Further information on this will be available shortly.

Separate guidance to domestic private landlords on complying with their obligations under the minimum standard regulations will be published in due course.

Manchester could ban 'To Let' signs

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Monday, March 13, 2017

A Barnsley landlord event

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Mansfield BS loosens BTL lending criteria

Email:info@propertyhawkbtlmortgages.co.uk
Tel: 029 2069 5446
Your home may be repossessed if you do not keep up repayments on your mortgages.  
The Financial Services Authority does not regulate some forms of mortgage.

BTL mortgage rates hit 12 month low

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Government drops 200k starter home pledge

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Scrapping rent-a-room relief on short term lets

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1 in 3 workers earns more from their property

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Photos can help avoid tenancy disputes

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BofE predicted to keep rates on hold

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Brexit is making rents fall



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UK house prices forecast to rise 6.5% in 2017

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A strong start to the year for property prices


House prices grew at their fastest pace for a year during the month of February according to agents,  LSL Property Services.

LSL agents saw average prices across England and Wales increase by 0.6% in February, double the rate they recorded in January. 

The East of England,  Merseyside and Birmingham performed best. 

The average property price in England and Wales now sits at £297,832 according to LSL's data.

Oliver Blake, Managing Director of Your Move and Reeds Rains estate agents  (part of LSL), comments: 

“It’s an encouraging start to 2017. We’ve seen the strongest house price growth in a year, the emergence of the promised Northern Powerhouse and the first tentative signs of a recovery in our highest priced properties in London.

The good news too is that the number of first time buyers grew last year and house building was up – although home ownership is now at its lowest level in over three decades." 

Saturday, March 11, 2017