Take advantage of our discounted landlord insurance ratesFewer people will pay inheritance tax and those who do may pay less if they are homeowners, from next week https://t.co/HZ3mH7DW71 @SagaUK
— Paul Lewis (@paullewismoney) March 29, 2017
Friday, March 31, 2017
New inheritance tax regime starts next week
Manchester leads in Build-to-rent
Take advantage of our discounted landlord insurance ratesBuild-to-rent: Manchester leads the way as sector shows signs of life https://t.co/hfvqc1Qm6D
— Telegraph Property (@TeleProperty) March 30, 2017
When an Airbnb gets out of hand
Take advantage of our discounted landlord insurance ratesAirbnb Party In London Destroys Entire Apartment Complex. Airbnb seek gagging clause for payment. Also - a sublet... https://t.co/By06ZavX3I
— Nearly Legal (@nearlylegal) March 31, 2017
NAEA agents see strong February sales
The National Association of Estate Agents have published their members survey for February 2017.
The agents association report that during February 2017 -
- Branches completed an average of 11 property sales, a ten year high.
- 74% of property sales were at below asking price.
- First time buyers were thin on the ground, making up just 22 % of sales.
- Branches had an average of 44 properties on their books; up from 38 in January, and 35 back in February 2016.
- Branches had an average of 425 buyers on their books; the same as January.
Mark Hayward from NAEA comments
“The number of sales agreed reaching a 10 year high indicates the housing market is moving in the right direction. However, FTBs need to be a priority – the number of sales made to the group dipped in February when it should be growing. As house prices continue to rise, the market’s most vulnerable buyers are being priced out and the only way to address this is to increase housing stock”
Take advantage of our discounted landlord insurance rates
Take advantage of our discounted landlord insurance rates
Nationwide see slowing house price growth
Nationwide's House Price Index for March 2017
“The annual rate of house price growth slowed in March to 3.5%, from 4.5% in February. House prices fell by 0.3% in the month, after taking account of seasonal effects.
There was a mixed picture across the UK in Q1. Six regions saw the pace of house price growth accelerate, six saw a deceleration and one (East Midlands) recorded the same rate as the previous quarter. Interestingly, the spread in the annual rate of change between the weakest and strongest performing regions was at its narrowest since 1978 at 6.8 percentage points – the second smallest gap on record.
The South of England continued to see slightly stronger price growth than the North of England, but there was a further narrowing in the differential. Northern Ireland saw a slight pickup in annual house price growth, while conditions remained relatively subdued in Scotland and Wales."
- Annual house price growth softens to 3.5%
- Prices fall 0.3% month-on-month in March
“The annual rate of house price growth slowed in March to 3.5%, from 4.5% in February. House prices fell by 0.3% in the month, after taking account of seasonal effects.
There was a mixed picture across the UK in Q1. Six regions saw the pace of house price growth accelerate, six saw a deceleration and one (East Midlands) recorded the same rate as the previous quarter. Interestingly, the spread in the annual rate of change between the weakest and strongest performing regions was at its narrowest since 1978 at 6.8 percentage points – the second smallest gap on record.
The South of England continued to see slightly stronger price growth than the North of England, but there was a further narrowing in the differential. Northern Ireland saw a slight pickup in annual house price growth, while conditions remained relatively subdued in Scotland and Wales."
House price growth slowed in March, Nationwide says https://t.co/z3KpGhqnck— BBC Business (@BBCBusiness) March 31, 2017
Take advantage of our discounted landlord insurance ratesUK house prices slide for first time in almost two years, says Nationwide https://t.co/CmH08Zg2Xs
— Guardian news (@guardiannews) March 31, 2017
Thursday, March 30, 2017
Online letting agents - tips & analysis
The rise of online letting agents seems to be unstoppable. There are now tens of virtual letting agents who will get a landlords rental property online through the property portals for a hundred quid or so.
Landlord insurance - online rates - professional cover
What do I think of online letting agents?
To me they are a great thing as you can read from my recent experience. They do hand back control to the letting process back to the landlord and out of the hands of what are often mediocre and under experienced letting agents. I can't forget that my only nightmare tenant in 25 years of letting property was delivered by a letting agent who clearly were determined at hoisting a rubbish tenant onto me irrespective of the likely long term costs to me.Letting Agent or DIY?
I have analyzed the pros and cons of using a letting agent. It is possible to hand over complete responsibility for the letting and management of rental property which can be handy for absentee landlords. There is a cost. Landlords need to look closely at what works for them but don't assume that you need or are better off with a traditional letting agent.Landlord insurance - online rates - professional cover
Letting fees ban could cost tenants
Take advantage of our discounted landlord insurance ratesLetting agents’ fees ban could cost tenants HUNDREDS of pounds a year https://t.co/D8b7CnCzEf #renters #lettingagents pic.twitter.com/deC464cqlX
— Zoopla (@Zoopla) March 30, 2017
Rents rocket outside of London
Your Move's rental data from February 2016 shows rents across England and Wales, are in their words, 'rocketing'. However, London rents struggled. The capital was the only region to see falls on both a monthly and yearly measure.
Valerie Bannister from Your Move, comments - “The dramatic rent increases in London have now slowed as people look outside the capital in order to meet their housing aspirations with the South East and East of England – which traditionally offered much better value than the capital – appearing to be tempting many Londoners to look further afield for rental properties. Wales also saw the strongest outright performance with rents increasing, on average, by 7.7% in the last year, more than anywhere else in the UK.”
Key points -
- Average rent across England and Wales - £798
- Fastest rises in Wales.
- London rents falling ( £1280 average monthly rent)
Valerie Bannister from Your Move, comments - “The dramatic rent increases in London have now slowed as people look outside the capital in order to meet their housing aspirations with the South East and East of England – which traditionally offered much better value than the capital – appearing to be tempting many Londoners to look further afield for rental properties. Wales also saw the strongest outright performance with rents increasing, on average, by 7.7% in the last year, more than anywhere else in the UK.”
Wednesday, March 29, 2017
Brexit affect - UK house prices/mortgages
How will Brexit affect UK house prices and mortgages? https://t.co/7oHLyT0LO7
— Personal Finance (@ftmoney) March 29, 2017
Take advantage of our discounted landlord insurance ratesArticle 50 | Government & industry must work together to get the best deal possible & ensure UK's future prosperity https://t.co/9BNBVfiOvM pic.twitter.com/jRQiHFT8oT
— RICS (@RICSnews) March 29, 2017
Sajid Javid speech slams Housing Market
My speech today @HomeBuildersFed on importance of good design & problem of unfair leasehold terms #HBFPolicy2017 https://t.co/zmhR0bt3TI
— Sajid Javid (@sajidjavid) March 28, 2017
Take advantage of our discounted landlord insurance ratesCommunities secretary slams ‘broken’ housing market - https://t.co/cufnXcZh5O
— Mortgage Solutions (@mortgagesols) March 29, 2017
Agents stands up against landlords who advertise direct on portals
Take advantage of our discounted landlord insurance ratesAgent makes lone stand against landlords who advertise direct on property portals https://t.co/XtJfkgAjG0 via @https://twitter.com/TheNeg
— The Negotiator (@TheNeg) March 29, 2017
Offset buy-to-let mortgages return
Hollingworth backs return of offset buy-to-let mortgages https://t.co/gARh5wUxnk pic.twitter.com/elDKpdxzbt— Mortgage Introducer (@MortgageChat) March 29, 2017
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.
Landlord threatens to shoot his tenants
Take advantage of our discounted landlord insurance ratesScum landlord banned after threatening to have tenants shot is back raking in rent cash https://t.co/oeXUe6paBu
— The Daily Record (@Daily_Record) March 28, 2017
The impact of Article 50 on London property
Take advantage of our discounted landlord insurance ratesWhat will the triggering of Article 50 mean for the London property market? https://t.co/ewdNBUqdhh pic.twitter.com/I14jrwzzW7
— ES Homes & Property (@HomesProperty) March 29, 2017
Tuesday, March 28, 2017
Vida cuts BTL mortgage rates
Vida cuts buy-to-let mortgage rates https://t.co/d5cDfS5AQ8— FTAdviser (@FTAdviser) March 28, 2017
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.
London's housing undersupply chart
Take advantage of our discounted landlord insurance ratesThis chart from @savills Research shows in which price bands London's housing undersupply is most acute pic.twitter.com/qSq5lN3YnW
— Yolande Barnes (@Yolande_Barnes) March 27, 2017
Mandatory Client Money Protection
Take advantage of our discounted landlord insurance ratesMandatory Client Money Protection Recommended by Parliament https://t.co/dM4coqwN5A pic.twitter.com/B5j60mNfmN
— UKALA (@InfoUkala) March 27, 2017
BTL Fergus Wilson bans coloured tenants
Britain's biggest landlord bans 'coloured people' because of 'the curry smell' https://t.co/zyMF7MbWft pic.twitter.com/DAIKlFOoCE
— Telegraph News (@TelegraphNews) March 29, 2017
The private renting sector enables racist landlords like Fergus Wilson https://t.co/PnjtjYwCG2
— Nearly Legal (@nearlylegal) March 29, 2017
A landlord who doesn't rent to "coloured people" because of "the curry smell" says he "would do it again" https://t.co/igaHOeU8LC
— Sky News (@SkyNews) March 29, 2017
Take advantage of our discounted landlord insurance ratesBanning potential tenants based on the colour of their skin, size of their family or job is quite frankly abhorrent: https://t.co/QiAii1zOCP
— Shelter (@Shelter) March 30, 2017
New flats smaller than Travel Lodge rooms
Take advantage of our discounted landlord insurance rates"Dog kennel" flats in Barnet will be smaller than a Travelodge room https://t.co/kSrQHlZcwc #property via @guardian
— NALScheme (@NALScheme) March 28, 2017
Tenancy deposit disputes over smoking
Take advantage of our discounted landlord insurance ratesSmoking in a property can often lead to disputes at the end of a tenancy. Find out how these claims are assessed - https://t.co/ExHteWAv3m pic.twitter.com/3vXrRJNwhl
— mydeposits (@mydeposits) March 28, 2017
20-24 yr old homeowners now just 10%
Take advantage of our discounted landlord insurance ratesUK homeownership for 20-24 year olds was almost 40% in 1990 but this fell to only 10% in 2015.#ukhousinghttps://t.co/1IDKT0iKYW pic.twitter.com/QGe2c4W2FB
— Noble Francis (@NobleFrancis) March 27, 2017
Monday, March 27, 2017
Property designs ideas - Crittall windows
Take advantage of our discounted landlord insurance ratesGet the airy, industrial look with Crittall windows at home https://t.co/Vl0BKrCuVp
— Telegraph Property (@TeleProperty) March 27, 2017
Fos and IFA clash over resi-property / SIPPS
Take advantage of our discounted landlord insurance ratesFos and IFA clash over Sipps and residential property https://t.co/Z8PuF67LUt
— FTAdviser (@FTAdviser) March 27, 2017
More Brexit/house prices guess work
Take advantage of our discounted landlord insurance ratesHow Brexit will affect UK house prices, according to Zoopla's boss https://t.co/ruiwh0GGEF via @CityAM
— Property4Media (@Prop4MediaUK) March 27, 2017
London's declining BTL rental yields
Take advantage of our discounted landlord insurance ratesBuy-to-let rental yields in London in decline https://t.co/YxCLjUpCHw
— FTAdviser (@FTAdviser) March 27, 2017
New build nostalgia - village greens
Take advantage of our discounted landlord insurance ratesNew build nostalgia: The return of homes around the old village green https://t.co/fCVQZz3tyY
— Telegraph Property (@TeleProperty) March 27, 2017
Sunday, March 26, 2017
A nation of landowners?
Take advantage of our discounted landlord insurance ratesA nation of landowners — but for how long? New blog https://t.co/JOSYYE5SAW
— Daniel Bentley (@danielbentley) March 24, 2017
Saturday, March 25, 2017
BTL landlords plan to sell up
Take advantage of our discounted landlord insurance ratesLandlords plan to sell up as buy-to-let crackdown bites https://t.co/1faXyge3Xz via @ThisIsMoney
— Sarah Davidson (@SarahDavidson) March 23, 2017
The co-working/service offices rental sector
Take advantage of our discounted landlord insurance ratesVenturing into co-working and serviced offices could give traditional landlords an advantage. Read why on our blog: https://t.co/8dbZ0LXi6J pic.twitter.com/vvr5pOBndV
— Savills (@Savills) March 23, 2017
Friday, March 24, 2017
5 maps of the London housing market
Take advantage of our discounted landlord insurance ratesFive maps that show exactly what's going on with London's housing market https://t.co/N6JMU6TITs
— Telegraph Property (@TeleProperty) March 24, 2017
Ground rent investments from £8k -£75k
Take advantage of our discounted landlord insurance ratesWant to buy ground rents? View our March residential #auction catalogue https://t.co/3O9v0g55jX Ground rent guides from £8,000-£75,000 pic.twitter.com/tOBCLfi1b5
— Gary Murphy (@GaryCMurphy) March 21, 2017
Shelter campaign for longer tenancies
Take advantage of our discounted landlord insurance ratesMaureen, a landlord, is proud to be supporting our campaign for more stable renting: https://t.co/kXUZX4M9Ra pic.twitter.com/NJSCob7w5r
— Shelter (@Shelter) March 23, 2017
Manchester property prices surge
Take advantage of our discounted landlord insurance ratesNorthern Powerhouse fires up as house prices in Manchester rise faster than any other UK city https://t.co/ua7HTtewLw
— Telegraph Property (@TeleProperty) March 24, 2017
Buoyant market north of Watford
Take advantage of our discounted landlord insurance ratesLook at the 'Ripple Effect'. @HometrackGlobal data showing that the cooling market hasn't yet spread north of Watford Gap pic.twitter.com/JGkhfuAVwq
— Henry Pryor (@HenryPryor) March 24, 2017
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
Take advantage of our discounted landlord insurance ratesOne in four think they will never own a home https://t.co/QIDVRK1xDI
— FTAdviser (@FTAdviser) March 23, 2017
Lewisham landlords asked to home refugees
Take advantage of our discounted landlord insurance ratesPrivate landlords needed to house Syrian refugee families in #Lewisham – can you help? https://t.co/DSQsP84H29 pic.twitter.com/KUbhhCpSGX
— LondonPropLicensing (@lplicensing) March 22, 2017
A report on rising homelessness
Take advantage of our discounted landlord insurance ratesCouncils warn housing shortfall & benefit cuts fuelling rising homelessness. Our report out today w/@jrf_uk #HME2017 https://t.co/rRzteMLiTz pic.twitter.com/OMWYOYuRS6
— Crisis (@crisis_uk) March 22, 2017
Car parking wars - sharing the space
Take advantage of our discounted landlord insurance ratesThis car park ain't big enough for three of us: Finance boss, doctor and bankers at war over width of parking space https://t.co/3QTVhBUkCr pic.twitter.com/QMCtOXPYRw
— Telegraph News (@TelegraphNews) March 22, 2017
Do I need to fill out a tax return I buy to let without a mortgage?
Take advantage of our discounted landlord insurance ratesDo I need to fill out a tax return if I buy to let without a mortgage? https://t.co/9uWP3mryJD
— Guardian news (@guardiannews) March 23, 2017
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).
In terms of the regions, the East of England is still performing strongest, followed by London and the south.
6.2% rise in UK #houseprices in the year to January, up from 5.7% last month https://t.co/jLkLDekydC #inflation
— ONS (@ONS) March 21, 2017
Take advantage of our discounted landlord insurance ratesA north-south divide is remerging in the housing market with property prices picking up in southern regions https://t.co/fwvuxJQADb #housing pic.twitter.com/07LMHj2MUt
— Zoopla (@Zoopla) March 22, 2017
Global Housing Bubble Championship
Take advantage of our discounted landlord insurance ratesHousing Bubble Championships: Japan all-time record-holder, Ireland 2nd. China & Australia current superpowers. (BAML) pic.twitter.com/5w3F8D8X1o
— Paul McNamara (@M_PaulMcNamara) March 17, 2017
Renters twice as likely to have no savings
Take advantage of our discounted landlord insurance ratesRenters twice as likely to have no savings than mortgage holders https://t.co/ET5ZQWv10o pic.twitter.com/wxdF0SwJGv
— City A.M. (@CityAM) March 22, 2017
Rent could be FTBs mortgage evidence
Take advantage of our discounted landlord insurance ratesParliament to consider using rent as mortgage evidence for first-time buyers - https://t.co/ZJrMX5Y3BI
— Hometrack (@HometrackGlobal) March 17, 2017
Airbnb causing housing strain
Take advantage of our discounted landlord insurance ratesMP warns of housing strain caused by holiday lets https://t.co/cf2v56DHjj
— BBC Business (@BBCBusiness) March 21, 2017
House price growth slows
Take advantage of our discounted landlord insurance ratesHouse price growth slows down https://t.co/MGvPBrVT6S
— FTAdviser (@FTAdviser) March 21, 2017
House prices outpacing earnings growth
Take advantage of our discounted landlord insurance ratesHouse prices increased by 6% over last year according to new HPI data out today, outpacing earnings growth pic.twitter.com/68fwUSsPkx
— ResolutionFoundation (@resfoundation) March 21, 2017
No money laundering regs for letting agents
Take advantage of our discounted landlord insurance ratesDespite expectations, HM Treasury have announced they don't intend to regulate letting agents for money laundering https://t.co/hXoa1iqGXx pic.twitter.com/p0PhnnNy83
— ARLA Propertymark (@arla_uk) March 21, 2017
Bounce in ONS house price growth
Take advantage of our discounted landlord insurance ratesThis is a pretty big bounce in short term ONS house price growth - volatility or lack of supply? pic.twitter.com/JFEb3MPQMR
— Lucian Cook (@LucianCook) March 21, 2017
Gov. rogue landlord measures to start 6th April
Take advantage of our discounted landlord insurance ratesThe Government have confirmed that new measures to crack down on rogue landlords will come into force on 6 April https://t.co/RoI6rOorJq
— ARLA Propertymark (@arla_uk) March 21, 2017
Tuesday, March 21, 2017
Private Residence Relief for Landlords
Take advantage of our discounted landlord insurance ratesPrivate Residence Relief For Landlords https://t.co/H5NBMYUIj0 pic.twitter.com/p9bOeXszjK
— Property Secrets (@propertysecrets) March 20, 2017
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.
“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.”
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.”
How have house prices changed over the last month? Explore our latest #hpi: https://t.co/J4cbxZYwuu pic.twitter.com/bvXrC8xK9u— Rightmove (@rightmove) March 20, 2017
House price growth in England and Wales has halved as homes become less affordable https://t.co/c20As6it2I
— ES Homes & Property (@HomesProperty) March 23, 2017
Brexit to begin on March 29th
Take advantage of our discounted landlord insurance ratesBrexit will begin on March 29th, No 10 reveals https://t.co/er9s49Tz5H pic.twitter.com/JBaVW0E3EX
— Telegraph News (@TelegraphNews) March 20, 2017
Email scam targets Mydeposits customers
Take advantage of our discounted landlord insurance ratesBeware of an email scam targeting mydeposits Custodial landlord and agent members. Read our blog for details - https://t.co/5Z6uozWGHo pic.twitter.com/po18ydtDey
— mydeposits (@mydeposits) March 20, 2017
Scottish Property Market Report
Take advantage of our discounted landlord insurance ratesResidential property transactions in Scotland are up 3% from 2015, and 9% above the 10-year average - new report: https://t.co/GlFVsSIust pic.twitter.com/CCN9Z7saTO
— Savills (@Savills) March 20, 2017
Midlands powers property price growth
Take advantage of our discounted landlord insurance ratesMidlands Engine given a kickstart as region's house prices lead rest of the country https://t.co/CaUllfC8rD
— Telegraph Property (@TeleProperty) March 20, 2017
Londoners keen on 'Walk to work' property
Londoners keen to become walk-to-work residents are snapping up properties in the city of London: https://t.co/lKwzCqDsc5 pic.twitter.com/izfqAMK7yR
— ES Homes & Property (@HomesProperty) March 19, 2017
Take advantage of our discounted landlord insurance ratesWhat commute? How once-fusty financial districts have become hot new residential areas, reports @TeleProperty: https://t.co/jghAcE25I0
— Savills (@Savills) March 20, 2017
Hometrack founder looks for £1bn investment
Founder of Hometrack on the hunt for £1bn of institutional investment to pour into affordable housing https://t.co/FVto61p4RE pic.twitter.com/kPhZFXrDjw
— Telegraph Business (@telebusiness) March 19, 2017
Take advantage of our discounted landlord insurance rates
The death of the letting agent
Take advantage of our discounted landlord insurance ratesThis one of mine seems to have got tongues wagging: The Death of the Letting Agent https://t.co/CXme2KEoe3
— Richard Berridge (@ResiRichard) March 19, 2017
Rent Smart Wales Public Register
Searchable by a rental property address, the database will show if that property is managed by a registered letting agent or landlord.
Search the Rent Smart Wales Public Register
Is Airbnb pushing up London rents?
Take advantage of our discounted landlord insurance ratesIs #Airbnb making it impossible to find a house? https://t.co/TK05qGp6ad pic.twitter.com/I5vcpIn8QO
— BBC Capital (@BBC_Capital) March 20, 2017
Regeneration is not a dirty word
Take advantage of our discounted landlord insurance ratesCompelling article in support of regeneration from Brian Ham @homegroup https://t.co/EGE0BWJ49q
— David Orr (@natfedDavid) March 20, 2017
Thursday, March 16, 2017
London rents fall by 5%
Take advantage of our discounted landlord insurance ratesWhy the London lettings market is finally offering some slight relief for tenants: https://t.co/wADUHFggAt pic.twitter.com/22f4Bf1ODO
— ES Homes & Property (@HomesProperty) March 15, 2017
Dissatisfied with a RICS survey?
Take advantage of our discounted landlord insurance ratesOur Rics survey missed major problems – can we get our money back? https://t.co/q8mzPl1BgU
— Guardian news (@guardiannews) March 16, 2017
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
Take advantage of our discounted landlord insurance ratesLocal council who 'managed' a property for a landlord leaves landlord facing £30,000 clean-up bill with this mess .. https://t.co/ElsQeejfvr pic.twitter.com/zN2M5XZM5v
— Dorian - Belvoir! (@Dorian_Belvoir) March 15, 2017
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.
Buy-to-let mortgage rates fall to 12-month low https://t.co/uUyWX4QMWQ— This is Money (@thisismoney) March 9, 2017
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.
Wednesday, March 15, 2017
Are landlords ready for the tax bomb?
Take advantage of our discounted landlord insurance ratesWe explore how capably buy-to-let landlords are managing the impact of reduced mortgage interest tax relief: https://t.co/VSOqi1URQq pic.twitter.com/GpGMbq5XFi
— CML press office (@cmlpressoffice) March 9, 2017
BTL lending down on last year
Gross buy-to-let lending increased month-on-month in January, but declined compared to a year ago. https://t.co/E6HRZPUeDL pic.twitter.com/tYCiWzwo0D— CML press office (@cmlpressoffice) March 14, 2017
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
Take advantage of our discounted landlord insurance ratesFancy a house viewing tour, from a parrot?! https://t.co/4U0W12BX2y
— Rightmove (@rightmove) March 14, 2017
Housing wealth crucial to retirees
Take advantage of our discounted landlord insurance ratesHousing wealth 'crucial' to retirees https://t.co/lu5uar4shg
— FTAdviser (@FTAdviser) March 14, 2017
Right to buy puts 40% of ex-council into PRS
Take advantage of our discounted landlord insurance rates#ukhousing Right to buy puts 40% of ex-council homes in private rental - MPs' report https://t.co/4FVoglUJrc
— Residential News (@ResiNews) March 14, 2017
BTL investors give way to first time buyers
Take advantage of our discounted landlord insurance ratesFirst-time buyers increase share of UK mortgages https://t.co/J77FMql0v4 #property
— Property PR (@propertypr) March 14, 2017
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.
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.
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
Take advantage of our discounted landlord insurance ratesManchester could ban 'to let' signs https://t.co/qqQk8VpCmG pic.twitter.com/jdjljheRL8
— ARLA Propertymark (@arla_uk) March 14, 2017
Monday, March 13, 2017
A Barnsley landlord event
Take advantage of our discounted landlord insurance ratesPrivate landlord in Barnsley? Come to our event! Speakers include @nationalandlord. Email accreditation@barnsley.gov.uk to register! pic.twitter.com/SR98YmaKM8
— Housing&Energy (@BarnsleyHousing) March 13, 2017
Mansfield BS loosens BTL lending criteria
Mansfield loosens up on buy-to-let https://t.co/z7BholSvCG— FTAdviser (@FTAdviser) March 13, 2017
Email:info@propertyhawkbtlmortgages.co.uk
Tel: 029 2069 5446
Your home may be repossessed if you do not keep up repayments on your mortgages.
BTL mortgage rates hit 12 month low
Take advantage of our discounted landlord insurance ratesBuy-to-let mortgage rates fall to 12-month low https://t.co/uUyWX4QMWQ— This is Money (@thisismoney) March 9, 2017
Government drops 200k starter home pledge
Take advantage of our discounted landlord insurance ratesSecond major 2015 Tory manifesto pledge dropped in a week https://t.co/LW6Yybbi9U #property
— NALScheme (@NALScheme) March 13, 2017
Scrapping rent-a-room relief on short term lets
Take advantage of our discounted landlord insurance ratesBudget 2017: up to 50,000 Airbnb hosts could pay between £400 and £3,300 more tax https://t.co/sUXApyeOot
— Telegraph Money (@MoneyTelegraph) March 13, 2017
1 in 3 workers earns more from their property
One in three #UK homeowners earn more from #property than work https://t.co/mmm4x27uST pic.twitter.com/sAG7UnaqS9
— The Business Times (@BusinessTimes) March 10, 2017
1 in 3 homeowners earn more from property than their day job https://t.co/CYC2LNw6kq #property #propertyvalues pic.twitter.com/AYJAogmWJ3
— Zoopla (@Zoopla) March 13, 2017
Take advantage of our discounted landlord insurance ratesAlmost a third of homeowners in Britain earn more from their property than their job https://t.co/IvxXdzZeXy pic.twitter.com/7tUbYEQoMt
— Bloomberg (@business) March 12, 2017
Photos can help avoid tenancy disputes
Take advantage of our discounted landlord insurance ratesPhotos of the property can help avoid disputes when you check-out. Read more tips https://t.co/bCEmWBmmSR pic.twitter.com/HNXJSgqCbl
— The DPS (@The_DPS) March 13, 2017
BofE predicted to keep rates on hold
Take advantage of our discounted landlord insurance ratesEconomists predict BofE will keep interest rates on hold https://t.co/3bgEhskKTv
— This is Money (@thisismoney) March 12, 2017
Brexit is making rents fall
Brexit is making rents fall for the first time in six yearshttps://t.co/9qqGTtw7a4— The Independent (@Independent) March 13, 2017
UK average annual rents fall for first time in six years https://t.co/XWo0tauHf8— Guardian news (@guardiannews) March 13, 2017
Take advantage of our discounted landlord insurance ratesRental growth stalls as letting market dragged down by London https://t.co/lnCzHpDBx5— Telegraph Property (@TeleProperty) March 12, 2017
UK house prices forecast to rise 6.5% in 2017
Take advantage of our discounted landlord insurance ratesOBR price forecast down to 4% in 2017 but SDLT receipts to rise from £8.3 bn in 2016/17 to £13.1 bn in 2021/22. pic.twitter.com/pJ9OxWrBfn
— Dataloft (@dataloftuk) March 11, 2017
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:
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."
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
Putting your trust in the conveyancer
Take advantage of our discounted landlord insurance ratesIs it safe to pay full cash amount for house price in conveyancer's account? https://t.co/Od98OyF39O
— Guardian news (@guardiannews) March 9, 2017
Thursday, March 09, 2017
BTL second charges, bridging finance and semi-commercial loans
Jane Simpson at Property Hawk Mortgages says:
Buy-to-let second charges and bridging finance – alternative solutions for landlords
Second charge buy-to-let mortgages or short term finance such as bridging can resolve issues faced by landlord clients who are looking to raise capital. For example, those tied in with their existing mortgage provider or those on a very low reversionary rate with no incentive to remortgage away from their current product.
There are numerous reasons for landlords to raise capital and the purchase of a further buy-to-let property is a common one. However, the recent PRA regulations and subsequent changes to rental calculations has meant that some landlords are looking for ways of generating additional deposits to meet the tougher rental requirements. Second charge buy-to-let mortgages provide an option for doing this and there are now more providers in the market.
At Property Hawk Mortgages, we are also receiving a growing number of enquiries about bridging finance solutions and now offer a range of both second charge and bridging products with Together Mortgages, Shawbrook Bank, and Precise.
Bridging is certainly growing in popularity among landlords and its reputation for being punitively expensive seems to be diminishing. If used intelligently, bridging can be an excellent resource for buy-to-let investors and enable them to make the most of opportunities and bargains in the rental property market.
For example, bridging is an excellent short term solution for landlords buying property at auction. Auction properties can often be obtained at a reduced price and allow investors to avoid paying higher stamp duty. Bridging can also provide an alternative for landlords purchasing cheaper properties that need some refurbishment before they are let out. There are numerous light refurbishment products available through core lenders, but a bridging specialist can often provide the resource to carry out more extensive renovations.
Semi-commercial
For landlords who are deterred by the 2016 buy-to-let stamp duty increase, semi-commercial properties can provide an investment opportunity that avoids the higher levy. For example, a single freehold that includes a commercial property, such as a shop with living accommodation above it, is not subject to the 3 per cent levy increase imposed in 2016, because it is not considered to be a buy-to-let property. A savvy investor could buy the single freehold property and then create separate leases for the commercial element and the residential element. The flat above the shop could then be considered for a buy-to-let mortgage.
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.
Clamp down on money laundering
Take advantage of our discounted landlord insurance ratesLandlords and letting agents to clamp down on money laundering https://t.co/SxbDs6EWyn via @ThisIsMoney
— ARLA Propertymark (@arla_uk) March 9, 2017