Landlord
News Archive
House prices 'will not recover' for some time, may fall further
by Josh Hall | 14 Jul 2009
There will be no sustained recovery in house prices until the mortgage market picks up, according to the Royal Institute of Chartered Surveyors (Rics).
New build properties 'have lost 50 per cent of their value'
by Josh Hall | 13 Jul 2009
New build properties have plummeted in value by 50 per cent - and the crash in these properties began earlier than had previously been thought, according to an investigation by the Sunday Telegraph.
New tax proposals target landlords
by Josh Hall | 13 Jul 2009
The government is understood to be targeting landlords in its latest round of tax tightening.
Housing worst 'behind us', but growth will be 'anaemic' - BoE
by Josh Hall | 03 Jul 2009
The Bank of England"s housing and mortgage specialist has said that the worst of the housing crisis is now behind us, but that growth over the coming years will be "anaemic".
UK house prices continue upward march
by Josh Hall | 30 Jun 2009
The average UK house price increased by 0.9 per cent in June, according to new figures released today.
Fixed mortgage prices continue to increase
by Rosie Beasley | 25 Jun 2009
The price of new fixed rate mortgages is increasing at a surprising rate, according to a report today in the Telegraph. The average cost of a two-year fix is now 5.04 per cent, up 0.14 per cent since Monday. This rapid increase has led man to suggest that deals of this kind could break the 7 per cent barrier within a matter of weeks, with 6 per cent likely to be breached within a fortnight. The increases come after many lenders slashed their prices in line with the Bank of England's precipitous reduction in base rates. But this rate cutting now appears to have ceased. Almost 90 per cent of those currently lookigng for a new mortgage deal would prefer a fixed rate deal, in order to 'lock in' the historically low rates. But recent rises will hit professional landlords particularly hard, as the increasing cost of borrowing prevents many from taking advantage of low property prices. The latest bout of increases was led by Nationwide, which bumped the prices of its entire mortgage range earlier this month. Virtually all of the major lenders followed suit soon after.
by Rosie Beasley | 25 Jun 2009
UK house sales volumes has continued to rise, according to new figures released today. The survey, published by HM Revenue and Customs, suggests that sales volumes increased by 7 per cent during May, with 62,000 residential properties with a value over £40,000 having been sold. Mortgage approvals are also rising, according to Nationwide and the Halifax, leading some analysts to believe that this is the beginning of a sustained recovery in the housing market. But activity is still well below the record levels of last October, and sales always enjoy a seasonal bounce during spring. May's increase was not as significant as the huge 40 per cent rise seen in March, but many are now suggesting that the worst of the housing crash is behind us.
Soaring unemployment bad news for buy-to-let
by Rosie Beasley | 22 Jun 2009
Unemployment has suffered a further rise in numbers to 2.26 million - a 12 year high. This could spell disaster for landlords who rely on rental income to support their buy-to-let investments.
Buy to let landlords hit hardest by downturn
by Rosie Beasley | 11 Jun 2009
Buy to let landlords have suffered particularly badly during the housing market crash, losing their properties at an average of three times the rate of owner-occupiers, according to new figures released yesterday.
New buyer interest up, house prices 'stabilising'
by Josh Hall | 09 Jun 2009
The number of new potential house buyers increased in May for the seventh month in a row, according to new figures released today.
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