Owner: Property Blog URL:http://www.lettingaproperty.com/property-blog Join Date: Sun, 14 Dec 2008 09:36:22 -0600 Rating:0 Site Description: News for people who let & rent flats, rent houses & rent apartments in the UK Site statistics:Click here
Hallelujah - the X Factor is over! 2008-12-14 08:23:16 Here is something a little lighter from the weekend (but we have still somehow managed to keep it property related!)
Well done to Alexandra for winning the X factor last night. I was (unashamed to admit it) routing for the 19 year old from London to win the 6 month singing competition saga. To be fair, [...] Read more:Hallelujah
Rightmove shares sold by Connells 2008-12-12 08:12:32 The Estate Agent Today have written an interesting article on the sale of Rightmove shares
by one of the Nation’s largest estate agency chains, Connells.
The revelation came only 12 hours after Rightmove announced that it has renewed its agreement with Connells, for it to continue listing on the portal until 2012.
Connells, one of the original [...]
Landlords won’t benefit from mortgage holiday scheme 2008-12-11 08:49:58 Governments’ recent proposal to assist Homeowners in avoiding repossession by the Banks will not extend to Buy to Let mortgages.
PM Gordon Brown, announced the ‘Homeowner Mortgage Support Scheme’ last week, which is aimed at supporting households that suffer a “significant and temporary loss of income” caused by the current economic recession.
The Treasury announced y Read more:benefit
Landlords, expect high rent arrears in 2009 2008-12-10 09:53:47 According to the latest research by the National Landlords Association, 71% of Landlords that were questioned, are expecting an increase in rent arrears in 2009.
Of those questioned, just one per cent felt that rent arrears would decrease next year, while 28 per cent thought there would be no overall change.
The research also revealed that 67 [...]
ARLA survey says average rental values fallen by 8.3% YTD. 2008-12-10 04:57:33 Nine out of ten investment landlords are marking time, neither selling nor buying residential rental property, even though asset values and rental yields have fallen, according to the fourth quarter ARLA Members Survey of the Private Rented Sector, published on Monday 8 December. This is the largest independent survey of the rental market.
However, capital values [...]
Banks in Tug-of-War 2008-12-10 04:42:17 Michael Coogan, Council of Mortage Lenders Director General, believes that the Govenrnment need to prioritise their objectives and stop pulling Banks in all directions at once.
Coogan released a statement after the announcement of the latest house purchase figures, he goes on to say:
“To different degrees lenders are facing conflicting pressures to recapitalise against possible future [...]
Metropix - acquired by EDR Landmark 2008-12-09 07:09:16 Metropix, the online floor plan Provider, has announced last Friday that EDR Landmark
Group Ltd, a subsidiary of publishing company Daily Mail and General Trust, acquired
the company.
The sale is the culmination of a competitive bidding process handled by PricewaterhouseCoopers Corporate Finance that commenced in April this year.
Brian Farrell, Director, says “We’ll now be worki
Home buying & selling review by the OFT 2008-12-09 06:55:26 The OFT intends to launch a market study into home buying and selling
, looking at traditional estate agency models and alternative ways of buying and selling homes, it announced today.
Source: www.oft.gov.uk - Press Release 8th December
Ahead of this, the OFT is writing to stakeholders to ask for their views and engage with them to discuss [...] Read more:review
Agents at risk over sloppy HIPs warning 2008-12-08 12:41:47 Estate agents could risk prosecution because of unscrupulous Home Information Pack providers who rely on cheap personal searches.
Source: EstateAgentToday.co.uk
Risky Business
The claim comes from Peter Ambrose, founder of niche HIP provider The Partnership, which has always insisted on using official searches only.
Ambrose said that regulations designed to protect consumers appear to bein Read more:warning
Interest rate cut to 2% - How does this affect Tenants? 2008-12-04 17:35:53 In an unprecedented move, the Bank of England has today slashed its base rate to 2%!
It certainly is a bold (and welcomed) statement to give support to our failing economy, however, there is one group of people that might feel a little out of pocket - our Tenants
, albeit a minor misfortune in the grand [...] Read more:Interest
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