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Latest news from RightMove

According to the Rightmove their House Price Index for April rose by 1.7%, with the average asking price now £235,822, while the number of unsold properties estate agents have on their books rose at their fastest level since May 2007. Miles Shipside, director of Rightmove, said that many may want to rethink their decision to […]

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LHA TENANTS – CHANGES IN THE RULES

  .Interesting article we found from the RLA New rules for Local Housing Allowance rates which came in force from April 1 will affect private landlords who accommodate tenants on Local Housing Allocation. LHA rates are used to calculate housing benefits for tenants renting from private landlords. LHA rates will now be set at 30% […]

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Household disposable income dips for the first time in three decades

. The extent of the challenges facing the UK economy were set in perspective with the news that take home pay for the average British household fell last year for the first time since 1981. According to the Office for National Statistics (ONS), actual disposable household income slipped by 0.8 per cent in 2010. This […]

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Tenant Applications Hit Record Levels

The number of new tenants registering for rental accommodation exceeded 200,000 last year as demand reached record levels in 2010, reported the UK’s largest lettings agent Countrywide. According to Countrywide’s latest figures, the overall volume of new tenant applications increased by 37% in 2010 compared to 2009, with demand peaking between July and September.

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Get regular inspections at your property here is one reason why!

Cannabis farming is a growing menace for landlords as police seized a record number of plants in raids mainly on buy to let homes. Police grabbed more than 750,000 plants from criminal gangs growing drugs last year – up 18% on the year before. Now insurers are urging landlords to grass up tenants they suspect […]

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Should I use a letting agent?

Ideally, you should use a letting agent. The reason for this is because if something goes wrong with the property, the letting agent is there during the day, and sometimes in the evenings to deal with any problems that you have. Letting agents can also help you through the process, understanding the legal documents, letting […]

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Where are first time buyers?

First-time buyers are a vanishing breed, according to two new surveys. According to one, nearly two-fifths (38%) of aspiring first-time buyers expect to be 40 or older when they buy their first home. And a further one in 12 believe they will never buy their own home. Research from property website Globrix, based on a […]

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Buyers locked out of paralysed property market

Interesting article we came across from Rightmove Stubborn sellers refusing to drop prices and rigid mortgage lenders with a stranglehold on funds for buyers are paralysing the housing market, according top property portal Rightmove. The online property listing site claims property asking prices are rising with owners demanding a 3% increase from buyers in January […]

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Why you need to have an agent help you!

A landlord who failed to safety check and look after gas appliances in a buy to let house rented to a tenant has to pay £1,400 fines and costs. Property investor Michael Smith was reported to the Health and Safety Executive (HSE) by his tenant for failing to provide a valid gas safety certificate. This […]

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Higher Tax Rates?

According to the Institute for Fiscal Studies (IFS), three-quarters of a million people will see some of their earnings lifted into the 40p in the pound tax band come 6 April. The threshold at which workers start to pay the 40 per cent tax rate is to drop from £43,875 to £42,475 from that date. […]

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