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Tuesday, June 27, 2017

Havering propose £1180 landlord licence

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Three £1 properties to buy

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The cost of keeping interest rates low

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Agents making 473% profit on letting fees

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Barriers stopping people renting in PRS - Shelter Report

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49% believe property investing is best pension

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The housing benefit black hole

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Monday, June 26, 2017

Gov. to ban tenants with pets?

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Landlord and tenant do a 'Life Swap'

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Housing must top ministers' agenda

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Cap threatens 1m families with eviction

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60 towers have unsafe cladding

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Labour pledges to scrap benefits cap

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Saturday, June 24, 2017

Battersea Power Statins slashes affordable homes

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Thursday, June 22, 2017

Hamilton Fraser buys Landlord Action

HF Resolution Ltd, a subsidiary of Hamilton Fraser, has acquired one of the industry’s leading tenant eviction solicitor firms, Landlord Action Limited.

Landlord Action was founded in 1999 as the first ever fixed-fee tenant eviction service. Led by Founder Paul Shamplina, Landlord Action has since acted in more than 35,000 problem tenant cases, become a champion for landlords and won numerous industry accolades. Landlord Action obtained Solicitors Regulation Authority status in 2013. Campaigning extensively for landlord rights, Landlord Action played an instrumental role in changing the law to make squatting a criminal offence in 2012.

Since being set up in 1996, Hamilton Fraser has developed numerous interests in the property industry. It offers its popular Total Landlord Insurance and professional indemnity insurance for letting and estate agents. Hamilton Fraser is also an owner and scheme administrator for mydeposits and Client Money Protect and through HF Resolution it runs the Property Redress Scheme.

Paul Shamplina, who has been acting as Brand Ambassador for Hamilton Fraser since 2016, will continue to head up Landlord Action, along with his legal team who will now be based at Hamilton Fraser’s offices in Borehamwood. Commenting on the acquisition, Mr Shamplina says: 

“We’re extremely excited to be making this announcement. I have dedicated the last 17 years to helping landlords and agents, and I plan to continue doing so with the added support of Hamilton Fraser. With several brands already providing valuable services throughout the Private Rented Sector, the acquisition not only complements Hamilton Fraser’s existing business, but is a great platform from which to grow Landlord Action.”

Eddie Hooker, CEO of Hamilton Fraser, comments: 

“Landlord Action has built an excellent reputation with a solid record for success and we have enjoyed working more closely with the team over the last few years. This next step is an opportunity for both companies to merge their industry experience and skills to provide a comprehensive suite of services to landlords and agents. We’re proud to say that Hamilton Fraser through HF Resolution is now approved and regulated by the Solicitors Regulation Authority, specialising in Housing Law.”
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Selective Licensing for East Staffordshire

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Mortgage lending reached £20.1bn - CML

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May mortgage sales soar by £3.4bn

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Renters cost Theresa May her majority

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Wednesday, June 21, 2017

Gov propose tenancy deposit cap

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Latest on letting fee ban legislation

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TMW reveals portfolio BTL approach

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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.

The NLA's take on the Queen's Speech

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End of the low-interest rate age

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Retirees earn more from their houses

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House sales fall by a third

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Tuesday, June 20, 2017

Huge inequality gap - nots/homeowners

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Graph of housing starts in 2016/17

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Not the time to raise rates - Carney

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Best practice guide for utility bills

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New legislation to tackle unfair ground rents

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Inventory Assoc. calls for compulsory independent inventories??!!

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A planning policy to sort the housing market

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Monday, June 19, 2017

Express keeps faith in property

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The best place to be a landlord is...

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Flatshare site sees drop in EU interest

Unsurprisingly, flatshare site Spareroom reports seeing a fall in the numbers of EU nationals registering to find rental accommodation since the Brexit vote.

Between July 2016 and May 2017, the number of Slovakians planning to move here fell by 8%, Poles dropped by over 5%. Interest from Hungarians, Romanians and Estonians also declined in the year since the Brexit vote.

Two EU states did manage to buck the trend; site usage by prospective tenants from Croatia and Greece jumped by over 17% since Brexit.

SpareRoom's Matt Hutchinson comments:

“With so much uncertainty over what Brexit really means, it’s no surprise to see interest in moving to the UK from EU countries in decline.

Until people know how their freedom of movement and right to reside will be affected it’s hard for them to make long-term decisions."

Advisors must protect BTL investors

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Rightmove's latest HPI data

  • Sales agreed up 7% on last May 
  • New registration prices down 0.4% (-£1,172), the first in June since 2009.
  • Annual price growth down to 1.8% ( lowest since April 2013).
  • Some regions doing better than others; Northern markets with agreed sales up11%, in contrast with the South up just 3%.
  • First-time buyer market strong; new listing up 3.5% on the month

Rightmove's Miles Shipside reflects:

“It now seems certain that we will have continuing political uncertainty, which the housing market traditionally dislikes, and with the first fall in June prices for eight years there is no doubt that the lack of stability is a factor. The price of property coming to the market had increased in June in every year since 2009, so buyer confidence has clearly been affected by inflation outstripping their pay packets and current political events. However, demand is still high and markets in some parts of the country seem to be getting used to coping with instability and are still strong. The high levels of sales being agreed show that the underlying fundamentals are largely unchanged with high first-time buyer demand which drives movement higher up the ladder, all aided by the cheap cost of borrowing.”

Those at the traditional starter level are brushing aside uncertainty, with demand being fuelled by the ongoing desire for home-ownership, government assistance, and mortgage repayments often being cheaper than rent for a similar property. Increasing prices in this sector have not been enough to shake off the wish to own your first home, whilst in contrast sectors higher up the ladder with a larger proportion of discretionary movers have seen the greatest recent price wobbles.

The swingometer may be leaning towards a buyers’ market in some parts of the country, having been given another tilt in that direction by political uncertainty, but demand for housing and lack of buyer choice are maintaining a sellers’ market in others. London and its commuter belt are proving to be a drag on the national figures, but are currently counter-balanced by continuing momentum in other parts of the country. Markets traditionally slow in the second half of the year, and with a slowing in the pace of asking price rises and the forthcoming months of political and economic confusion, the usual slower market in the second half of the year seems to be one of the few certainties in 2017. Having said that, the historic under-supply of the right property at the right price and ongoing strong housing demand are evidenced by buyer enquiries to agents picking up to a degree after the surprise election result. They were 3% higher on the Monday after the election than the Monday before, showing that people are getting on with addressing their housing needs.”



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Planning permissions in the wrong areas

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A widening North / South divide

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Sunday, June 18, 2017

Knight Frank Residential Market Update


Knight Frank have published their Residential Market Update for June 2017.

Key points:
  • Average UK house prices fell by 0.2% in May, taking annual growth to 2.1% 
  • The average values of existing properties in prime central London were flat in May, with an annual decline of 6.6% 
  • Average rents in GB were 1.8% higher on an annual basis in May 
  • House price sentiment slipped in May, but households still expect house price growth over the next 12 months
housing transactions graph


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Wednesday, June 14, 2017

Grosvenor plans £500m build-to-rent

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Retaining good tenants

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Pensioners renting hits record level

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Top 20 areas for property investment

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Rightmove's most popular rental properties

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The world's quirkiest student properties

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New housing minister appointed

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Liverpool tops the rental yield charts

Liverpool offers landlords the country's highest rental yields according to data from Private Finance.

Their calculations have the Top Ten Cities average rental yields ( taking into account mortgage costs ) in the following order : Liverpool at 8%, Nottingham at 5.6%, Coventry at 5.4%, Greater Manchester at 4.3%, Portsmouth at 4.2%, Cardiff, Blackpool, Lincoln at 3.9%, Bournemouth at 3.8% and Southampton at 3.7%.

Mish Liyanage of The Mistoria Group, comments: 

“Faced with increased taxation and tougher mortgage lending criteria, it’s so important for landlords to ensure they invest in properties that will maximise rental income and minimise void periods.

Student property gives good returns on investment, as it delivers high yields and full occupancy. There is huge demand for shared student accommodation near the four universities and with a student population of around 60,000 and 60% of them requiring accommodation, Liverpool is great place to invest.

Increasingly, investors are looking for new and renovated property for the sole purpose of the university students, many of whom want to live in affordable, shared accommodation. Over the last 12 months, student rents in the city have risen by 23% and now sit at an average of £128 per month as of May 2017.

HMO student accommodation gives landlords much higher yields than a three-bed single bed property or a student pod. HMO properties can generate this significant increase in revenue because they are rented out to individuals, on a room by room basis. HMOs often provide between four and ten rooms, rented to individual tenants. Rent will typically include the internet, general utility bills and Council Tax.”

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Tuesday, June 13, 2017

Could the DUP help with housing?

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PRS annual rental growth now at 1.8%

Annual growth of rents in the private rented sector is now at 1.8% according the new data from the ONS.

The ONS Index of private housing rental prices (IPHRP) in Great Britain: May 2017 shows:
  • Private rental prices paid by tenants in Great Britain rose by 1.8% in the 12 months to May 2017; this is unchanged from April 2017.
  • In England, private rental prices grew by 1.9%, Wales saw growth of 0.9% while Scotland saw rental prices decrease (negative 0.1%) in the 12 months to May 2017.
  • London private rental prices grew by 1.3% in the 12 months to May 2017, 0.5 percentage points below the Great Britain 12-month growth rate.

rental growth ons data may 2017



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Property prices still below pre-crash in most regions

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Fresh UK House Price data from ONS

The data shows:
  • England has annual growth at 5.7%; an average property value of £236,519, a monthly growth of 1.3%.
  •  Wales has annual growth of 4.2%; an average property value of £147,921, a monthly growth of 0.9%.
  • London has annual growth of 4.7%, an average property value of £482,779, a monthlygrowth of 0.7%. 
The regional data indicates that:
  • East of England remains the strongest performing region with annual growth of 8.1%.
  • Yorkshire and the Humber saw the biggest monthly price growth, up 3.9%
  • The North East saw the lowest, annual price growth at just 0.6%
  • The South East saw the lowest monthly price growth, just 0.3%

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Metro bank enters consumer BTL market

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.

Together increases max loan size to £2m

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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.

BTL lending level with last April

Compared with March, April saw gross BTL lending fall 17% by value and 16% by volume according to the latest CML data.

Despite this drop, April's BTL lending, is comparable with April 2016's; the number of loans up 1% and the amount borrowed the same at this month a year ago.

Buy-to-let activity was driven by remortgage lending which accounted for over two thirds of total lending. The number of loans for buy-to-let house purchase advanced in April remained low compared to activity seen before the change on stamp duty on second properties introduced in April last year.

btl loans cml data april 2017


CML's Paul Smee, comments:

'April comparisons are distorted by the weakness last year following the stamp duty changes, and the normal seasonal lending surge in March. But the seasonally-adjusted picture shows lending relatively unchanged month-on-month across all lending segments.

Heading into the summer months, we expect the market to remain slightly lopsided. Buy-to-let and home movers may well remain subdued, as they have been for the last six months. But both first-time buyer and remortgage lending should maintain momentum on the coattails of the attractive deals available.'

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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.

Affordability is biggest tenant concern

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25% of households will be PRS by 2021

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Monday, June 12, 2017

Vida unveils expat BTL mortgages

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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.

PRS multi-housing research from KF

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Uncertainty over the UK property market

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Deposit free renting

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Tories lost seats in big PRS areas

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Tips for managing rent arrears

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Build to Rent investment predicted to 'balloon'

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House prices after an election

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Housing Minister ousted from seat

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Record rents paid by retirees

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Friday, June 09, 2017

Rent growth slows

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Accord improves BTLs / cashback & rates

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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.

Thursday, June 08, 2017

House prices to outpace wages

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Halifax - May property price rise

Halifax's Martin Ellis comments :

“After reaching a recent peak of 10% in March 2016, the annual house price growth has since fallen to 3.3% in May.

House prices have again fallen over the past three months. Overall, prices in the three months to May were -0.2% lower than in the preceding three months; the same rate as in April.

The fact that the supply of new homes and existing properties available for sale remains low, combined with historically low mortgage rates and a high employment rate, is likely to support house price levels over the coming months.”



Property sales fell by 3% between March and April, to 99,910 properties.
Mortgage approvals for house purchases also fell, down 2% between March and April, to 64,600. 

The bank blame the slowing property market on rising inflation, weak wage growth, and higher stamp duty tax rates for buy to let and second home purchases.

Supply remains low, with newly marketed properties down for the 14th month according to RICS latest data. 





Leeds BS cuts BTL rates

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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.

Election exacerbating property slowdown

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London Living Rent - Impact Report

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Legal &General's first build-to-rent

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Housing manifestos; for one last time

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Wednesday, June 07, 2017

MOJ possession data - another fall

Figures from the Ministry for Justice show possessions have fallen again.

Figures for Q1 2017 were 35,188; 8% less than Q1 2016, the eight quarterly fall in a row.

Broken down, there were 26,009 Orders of Possession, (down 10% on last year), 17,936 Warrants of Possession (down 9% on last year), and 9,370 Repossessions by county court bailiffs, (15% down on last year) 

The MoJ says these falls continue a trend started back in 2014.


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Rallying renter's votes

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Tuesday, June 06, 2017

Increased demand for specialist mortgages

  • Demand for specialist mortgages increased in Q1 2017
  • On average, 24% of specialist business is self-employed related, 17% complex income 
  • Intermediaries predict increase in overall business in next three months
Demand for specialist mortgages increased in Q1 2017, according to Paragon Mortgages’ latest Financial Advisors Confidence Tracking (FACT) Index report, based on interviews with 200 mortgage intermediaries.

There was an increase in demand from both self-employed (24%) and complex income (17%) customers, indicating an increased requirement for specialist mortgage products and wider availability of products that meet the demands of underserved segments of the mortgage market.

Other customer types were largely unchanged in Q1 2017, with high loan-to-value lending at 15%, interest only at 13%, lending into retirement 11%, low income 9%, and adverse credit 7%.

The average number of mortgages introduced per intermediary office in Q1 2017 was 20, down from 21 in the previous quarter and the third successive fall. Despite this more recent decline, the number of mortgages introduced has held between 20-25 for almost four years, maintaining a slow recovery tracked from 2009, when the number reached a record low of 14.

The report also revealed a positive forecast from intermediaries, with the expected change in overall business over the next three months up for the first time since Q1 2015, reversing consecutive reductions in each of the previous seven quarters.

Meanwhile, mortgage advisors expect to do 2% less buy-to-let mortgage business in the coming year. This, however, is an increase on the previous quarter and, following the largest ever decline seen in Q1 2016, the average now appears to be on a modest upward trend.

Asked about the importance of the Prudential Regulation Authority’s (PRA) new affordability rules in estimating the expected change in their level of buy-to-let mortgage business in the next 12 months, more advisors (85%) said that the changes had been at least quite important, up from 80% in the previous quarter, whilst just 10% said they were not important.

John Heron, Managing Director, Paragon Mortgages, said: “It’s encouraging to see increased demand and greater availability of specialist mortgages. Customers with complex incomes deserve access to a wider choice of mortgage products and to specialist underwriting that recognises their unique circumstances.”


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.