You are here: Property News / July 2010

Government moves to simplify tax rules affecting buy to let property investment

By | 2010-07-27T15:14:00+00:00 July 27th, 2010|Company News, Uncategorized|

A move by the Coalition Government to simplify the taxation system will undoubtedly be welcomed by residential landlords, says Alex Huxley of Potential 2 Lettings in Ellesmere. Many buy to let landlords have struggled to keep up with the numerous changes to both the rates and means of taxation but the government has pledged to [...]

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Landlords see significant drop in tenant rent arrears during Q2

By | 2010-07-27T15:10:01+00:00 July 27th, 2010|Company News, Uncategorized|

A fifth of private-residential landlords have had tenants in rent arrears over the last three months, according to new research published today by the National Landlords Association (NLA). During Q2 2010, just over 21 percent of landlords experienced rental arrears. This represents a small improvement on the previous quarter when 24.5 percent of landlords reported [...]

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A leading economic forecaster today said UK interest rates will have to stay at their record low of 0.5% for much longer than currently expected.

By | 2010-07-27T15:07:50+00:00 July 27th, 2010|Company News, Uncategorized|

The Ernst & Young ITEM Club, which bases forecasts on the Treasury’s model of the economy, says the Bank of England’s base rate will remain on hold until 2014 in order to counter-balance government austerity measures (see the Top Savings and Cheap Mortgage Finding guides). The forecast contrasts with the view in the City and [...]

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Rents Surge as Supply Diminishes

By | 2010-07-20T15:27:16+00:00 July 20th, 2010|Company News, Uncategorized|

Constraints in supply bolstered both rents and yields in June, according to the latest Buy-to-Let Index from LSL Property Services plc. MortgageIntroducer.com – 16 July, 2010 The average rent in the UK rose by 1% in June. Rents have risen for five successive months, and are 3.2% higher than a year ago – the equivalent of [...]

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Homeowners wanting to move advised to consider letting

By | 2010-07-20T15:26:27+00:00 July 20th, 2010|Company News, Uncategorized|

There are few things more frustrating or stressful then needing to move but being unable to do so because you cannot sell your home. Unfortunately this is a situation too many currently find themselves in as the sales market continues to be slow, with a disappointingly low level of enquiries from potential purchasers throughout the [...]

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Energy efficient properties more appealing to tenants

By | 2010-07-20T15:25:37+00:00 July 20th, 2010|Company News, Uncategorized|

It is the responsibility of the seller to ensure that the EPC has been commissioned before marketing of the property commences. It is the duty of both the seller and a person acting on their behalf to make reasonable efforts to secure an EPC within 28 days and all of the duties carry fixed penalties [...]

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Base Rates On Hold For 16 Month Running

By | 2010-07-12T15:29:24+00:00 July 12th, 2010|Company News, Uncategorized|

The decision by the Bank of England’s Monetary Committee to keep the base rate on hold at 0.5% for the sixteenth month running came as no surprise following last month’s emergency budget. “Even though one of the new members of the Bank of England’s Monetary Policy Committee voted to increase rates at its June meeting, [...]

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Huge surge in property millionaires

By | 2010-07-12T15:27:57+00:00 July 12th, 2010|Company News, Uncategorized|

The number of people who own propery worth £1m and more has rocketed during the course of the last decade. Data compiled by Santander Mortgages (formerly Abbey) shows that the UK is now home to 393% more property millionaires than it was at the start of the century. It calculates that there are currently 131,996 homes [...]

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