UK Housing Market Hanging Onto Tomorrow

More anxiety is brewing about a possible housing collapse, and recent data from the British Banking Association only confirmed those fears. The BBA announced that less than 30,000 loans actually went through mortgage approval in November. October was slightly higher at 30,698, but still not even in the ballpark of where it needs to be. [...]

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New Year Brings New Hope for Improved Buy to Let Lending

The Young Index sentiment survey results published recently reveals that landlords and property investors expect rental rates to stay buoyant during the coming year. However, the investors would like to see one important difference in the new year: better availability of mortgage finance. Their wish might just come true. The prospects are good for improved [...]

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Scottish Vacancies Continue to Rise

Vacant homes figures are on the rise in Scotland. Numbers like this haven’t been lower since 2003. The reason for an increase in vacant homes is low property values and matching low incomes. The latest report indicates the number of vacancies in Scotland sits around 106,300. An idea which is being passed around is for [...]

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UK Social Housing Scam Costly for Taxpayers

Some council tenants are stepping over the line to make some extra pounds. The scam is costing UK taxpayers about 5 billion pounds a year. The scamming tenants can earn up to 20,000 pounds a year, and are getting better at keeping it quiet. The scam is simple. Move into a social housing property, then [...]

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FSA Sees Little Encouragement in Latest Housing Figures

The Financial Services Authority has some discouraging news regarding the UK housing market. The number of homeowners delinquent on mortgage payments totals an estimated 350,000, and the number seems to be growing with some type of arrears added to the balance. With the strength of the economic recovery being measured mainly by the housing market, [...]

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Landlords Should Get Property Ready for Winter

The UK shivered through snow and freezing temperatures the whole week. Weather experts are predicting an even colder winter this year compared to previous years. Without enough preparation of the property and proper information to tenants on what to do in case of emergencies, buy to let landlords can be burdened with thousands of pounds [...]

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FSA Urged to Moderate Mortgage Market Review Proposals

Over the past week, there have been calls for the Financial Services Authority (FSA) to soften the proposals in its Mortgage Market Review (MMR). One critique came from Housing Minister Grant Shapps, who came out in support of promoting more lending for first-time buyers. He said the FSA should come up with proportionate rules and [...]

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NAEA: Self-Serving Lenders Holding Back Recovery

Many would-be borrowers facing near impossible lending requirements believe that lenders should ease up on their conditions, make more money available, and take the lead in jumpstarting the recovery of the housing sector. The banks insist that they are in fact continuing to lend, but there are not enough borrowers, and the mortgage famine is [...]

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Buy to Let Insurance – Know What Coverage You Need So You Don’t End Up In Trouble

You must carry adequate buy to let property insurance. Know your options and how to save money in the long run. Being a landlord with one or a portfolio of buy to let properties has many advantages. With all the time you’ve spent investing, acquiring and filling each property with tenants, you also need to [...]

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Buy to Let Tenants – How to Reduce Your Headaches and Maintain Good Tenants

A bad buy to let tenant can cause you a lot of money and frustration. Read on and learn what you can do to keep good tenants in your property and also how to keep them in line. Having a buy to let property can be a great investment. Unfortunately, there are many landlords that [...]

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