Property Prices Fall, yet the Future looks Positive

There seems to be a number of conflicting articles in the news right now about the state of the property market. Since the introduction of the second phase of the Help to Buy scheme – where properties worth up to £600,000 were to be included – the property market has seen a boom in demand. However, according to the property website RightMove, asking prices in November dropped by around 2.4 per cent.

Eric Pickles to announce ‘Tenants Charter’ Plans

Over the past few years the number of people that rent properties instead of buying them has increased rapidly as many people throughout the UK can no longer afford to save for a deposit for a mortgage. Since the start of the recession the cost of living has increased while wages have remained mainly stagnant, meaning that the prospect of saving enough money for a mortgage is unachievable for many.

Is another property boom on the cards?

Many property analysts had high hopes for 2013 in terms of the property market with many predicting a steady recovery. So far what has happened is a rather fast recovery which on the surface seems like a good thing but could we be heading for another property boom?
Rightmove started the year with a prediction of a two per cent increase in property prices. Then in July they changed their prediction to a four per cent increase. Now just two months after their latest change they […]

Movement in Scottish Property Market

Data that has been revealed by Registers Scotland shows that the amount of sales in Scotland has leapt by 8.1% between the months of April and June. Not only are sales increasing so is the value of the properties being sold in some areas. This is due to the increased demand from buyers.
According to the data the biggest increase was seen in East Renfrewshire which is an affluent area with properties now selling for £211,899. Having said this, the average price for properties in Scotland […]

Lack of Housing is Contributing to Increasing Property Prices

The government has introduced a number of schemes to help first time buyers onto the property ladder and it has been working. The amount of properties being sold is increasing as well as the amount of mortgage applications being approved.
Of course there are always going to be streets with expensive price tags which do make them off limits to the average family. If you are looking to buy a home in London, you will need £2 million or above otherwise you are unlikely to be […]

Large percentage of landlords concerned by Universal Credit

Since Universal Credit was introduced as part of the welfare reforms a few months ago there have been numerous reports from private landlords and housing associations claiming that their businesses and their tenants are suffering as a result. Understandably, many are concerned that their tenants will fall into rent arrears which will lead them having to claim on their rent guarantee insurance or have to cover the costs out of their own income.

Criticisms over Letting Agent fees

Letting agencies across the country have come under fire today for charging fees of up to £350 on top of the deposit and rent payments tenants have to pay. The housing charity Shelter recently undertook a ‘secret shopper’ exercise in order to find out how much letting agents are charging their customers on average, and the results have shocked and angered both the charity and those working in the private rented sector.

Liverpool Council to crack down on rogue landlords

The issue of rogue landlords is becoming extremely serious recently, especially as there are a number of people in the UK who are living in properties that are a danger to themselves and others around them. For example, one woman in north Liverpool had her entire front room floor eaten away by rats, while other homes in the area were found to be infested with a type of mould known to cause cancer. This investigation was carried out by the housing charity Shelter, […]

London landlords not taking electrical safety seriously

It has been reported today that a substantial number of landlords in the London area are not taking the electrical safety of their properties seriously enough, which has led to many housing bodies voicing their concerns. Ensuring all electric fittings are safe is a legal requirement for all landlords, but according to a study conducted by the Electrical Safety Council nearly a quarter of tenants in private rented accommodation in London are at risk of being harmed due to faulty electrical wiring.

New Spanish Law for Landlords

Many Britons in recent years who have retired have headed to Spain for a new life as well as those who are investing in a home to rent out to generate some extra income. However the Spanish government have planned to come down hard on unlicensed holiday lets which means those migrating to Spain or hoping to rent out a property there may be completely put off, advisors have warned.