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98% of agents predict a buoyant lettings market

🕔15:47, 8.Feb 2010

A majority (98%) of letting agents expect the lettings market to stay the same, grow or grow substantially in the next 12 months, according to the tenant referencing agency, HomeLet. Despite the continued lack of financing for buy-to-let mortgages, letting

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New range of buy to let mortgage products launched

🕔12:53, 8.Feb 2010

According the The Mortgage Works (TMW) these mortgage products are unique to the Buy to Let market and offer a wider choice to customers. Tracie Pearce, Strategic Product Marketing Manager, The Mortgage Works said: “We want to offer our customers

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Nationwide forecasts 10-15% house price increases in 2010 but Halifax says no gains

🕔11:53, 8.Feb 2010

Hot on the heels of the Nationwide Property survey which suggested a 10% to 15% increase in UK property prices in 2010, the Halifax survey is very different. After revealing that house prices grew by just 0.6% in January 2010,

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Landlord fined for failing to have boiler inspected

🕔16:11, 6.Feb 2010

Carbon monoxide flooded the kitchen of a property after a landlord failed to have a boiler service, it has been reported. According to the Health and Safety Executive (HSE), landlord Graham Barnes, 49, from Bicester Road in Kidlington was fined £8,000

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Government considers tax cuts for buy to let investors

🕔10:02, 5.Feb 2010

In an attempt to revitalise the property market and prompt more property developments, the government is considering granting institutional investors a stamp duty concession in order to encourage them into becoming professional landlords. To date the Treasury has been in

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Tenant evictions decline by 11%

🕔15:43, 2.Feb 2010

Tenant evictions in England and Wales have fallen by 11%, according to The flat-share specialist claims that from 2004 until 2008, the number of tenant evictions rose by over 8%, peaking in the twelve months to the third quarter

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BPF: Landlords are the only way to fill housing gap

🕔11:40, 1.Feb 2010

Landlords and the private rental industry have been the “white knight” of the UK’s housing market in recent years, one sector commentator has suggested. A spokesperson for the National Approved Letting Scheme said with the cost of housing still rising, many Britons

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subletting a real danger to landlords, warns expert

🕔10:22, 1.Feb 2010

Over the past 12 months Landlord Action, a specialist in tenant eviction, has seen a 15 per cent increase in the number of overcrowding tenancy cases, partly due to the recession. London landlords are suffering the most with more cases

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Hometrack: House prices rise in Jan for sixth month in row

🕔09:09, 1.Feb 2010

U.K. house prices rose for a sixth month in January as a shortage of homes for sale supported property values, Hometrack Ltd. said. The average cost of a home in England and Wales increased 0.1 percent, the same as in the

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Gordon Brown announces plan to restrict shared rental property

🕔13:27, 30.Jan 2010

A plan announced by Prime Minister Gordon Brown’s government to restrict the development of new shared rental properties in the UK may result in more hassle for residential landlords and fewer affordable accommodation options for tenants in major cities. John

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Student buy to let excels in rental market

🕔16:28, 29.Jan 2010

The UK’s student buy-to-let sector remains buoyant while average private sector rents across the UK may have fallen or remained stable over the past year. So says investment specialist, Assetz, whilst pointing out that there is a huge national shortage

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Legal & Law: PAT testing for landlords

🕔12:56, 29.Jan 2010

Each year over 30 people are killed due to faulty electrics in the UK. These deaths in most part are avoidable and landlords are been urged to carry out regular PAT test on all portable appliances in rented properties and accommodation to make

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Buy-to-let mortgage specialist Paragon reports arrears improvement

🕔16:05, 28.Jan 2010

The lender saw the proportion of its borrowers behind on their mortgage repayments by three months or more fall from 1.54% to 1.50% in the fourth quarter of 2009. That is a better performance than the mainstream residential mortgage market

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Tenancy deposit schemes: Rate hikes and the low down

🕔09:49, 27.Jan 2010

Considering switching tenancy deposit scheme? The Tenancy Deposit Scheme’s recent rate hike has forced agents to review their options. Here, we bring you an exclusive Q&A on all you need to know about transferring tenancies to Mydeposits, one of the

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Increasing number of tenants establishes renting trend in UK

🕔20:07, 26.Jan 2010

This article was brought to you courtesy of Rentman, the premium rent management software.  It will be a good year for landlords and letting agents as more tenants are coming into the market. That is the opinion of James Davis, chief

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Investors: Buy property now

🕔10:36, 25.Jan 2010

I’d like to throw another house price indicator into the mix. Not because I think we don’t have enough already! (Unemployment figures, base rates, supply and demand, economic growth, mortgage arrears, credit availability and so on and so on.) It’s

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Rightmove: Brits confident of house price increases this year

🕔09:28, 25.Jan 2010

Fifty-three percent of respondents forecast that average house prices will increase over the year, the U.K.’s biggest property Web site said in a statement today in London. In a similar survey a year ago, just 10 percent of Britons expected

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Claiming rent arrears from bad debting tenants: Law change helps landlords

🕔13:21, 22.Jan 2010

New changes by the DWP mean that landlords are now able to claim arrears the day after a tenant has missed two payments in a row. The Residential Landlords Association (RLA) has hailed the decision as a significant victory for UK

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Huge rise in property valuations signals recovery

🕔11:32, 22.Jan 2010

The data revealed a positive turning point in the housing market during last summer which continued to strengthen throughout the second half of the year. For five consecutive months from August to December last year, the number of valuations conducted

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Latest research shows 2009 was better than 2008 for landlords

🕔10:54, 21.Jan 2010

This means the average landlord would have made a return of £12,740 in 2009.   According to the latest Buy-to-Let Index from LSL Property Services, this was a combination of capital gains of £4,831 on each property and £7,909 in

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Rival mortgage lenders slash rates

🕔10:04, 21.Jan 2010

Woolwich, the mortgage brand of Barclays, is cutting its lifetime tracker deals by up to 0.2 percentage points today. The lender is offering a deal pegged at 2.13 points above the Bank of England base rate, a current pay rate

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Buy to let investors return at first time buyers expense

🕔17:43, 19.Jan 2010

Brokers said that a number of lenders have started to focus on attracting landlords with more favourable interest rates, after a long period of freezing them out. Despite the credit-fuelled boom and subsequent collapse of the buy-to-let market, which left

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Landlord murdered and butchered by tenants

🕔19:44, 13.Jan 2010

Kitchen salesman Jeffrey Howe, 49, was stabbed to death in his two-bedroom flat in Southgate before being hacked to pieces by an expert hand, the jury was told. Tenants Stephen Marshall and Sarah Bush then dumped some of the body

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UK landlords could face prosecution for not complying with The Regulatory Reform Order

🕔19:44, 12.Jan 2010

Three years after changes to fire safety law, London Fire Brigade is warning that many businesses still don’t have enough understanding of how the law affects their business or premises, and could be risking financial ruin or even prosecution. The

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UK property prices likely to flatline rather than increase or crash

🕔13:49, 12.Jan 2010

The latest press release from one of the cheerleaders of Britain’s still-bloated property market, the Royal Institution of Chartered Surveyors(Rics), is today headlined “House prices continue to rise, albeit at a slower pace”. It is peppered with the lexical set so fondly used by

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Confidence returns amongst professional landlords

🕔14:30, 7.Jan 2010

The survey aims to give a snapshot of landlords’ views on the current state of the buy-to-let market along with their thoughts on the future of the sector, their intentions for their portfolios and how they are dealing with any

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December 09 shows another rise in UK house prices

🕔13:19, 7.Jan 2010

House prices increased for the sixth consecutive month in December and have now shot up by 9.4% since reaching a low in April 2009. The latest figures from Halifax show that prices are now 1.1% higher on an annual basis,

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A reduction of 1 % will hit UK house prices 2010

🕔20:16, 28.Dec 2009

U.K. house prices will decline next year as rising unemployment and concern about the government’s fiscal squeeze limit demand, Hometrack said. Property values will drop 1 percent after stagnating in 2009, the London-based research group said in a statement today.

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UK buy to let market confidence improves says Young Index

🕔19:30, 28.Dec 2009

Results of the Young Index, published last week suggest that consumer confidence in the UK property market continues to improve.  The Young Index was based on a survey of British buy to let landlords, who mostly believe that market conditions are better than in

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RICS says that house prices will rise in 2010

🕔16:47, 22.Dec 2009

The forecast by the Royal Institution of Chartered Surveyors suggested the value of a typical British home would end the 2010 “one or two per cent higher” than their current level. The number of sales is also likely to rise

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Property investment hotspots outlined to UK landlords

🕔16:25, 22.Dec 2009

Landlords may be interested in investing in one of the “numerous property hotspots” created as a result of the international recession, according to Property Frontiers. The company advises anyone looking to invest that America’s property market offers many opportunities. Urban

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Buy to let investors regain confidence in UK rental market

🕔15:45, 22.Dec 2009

CONFIDENCE is returning to the buy-to-let property market after a rebound in annual returns, it has been claimed. Landlords can look forward to annual returns averaging £16,000 next year as the housing market continues to stabilise, according to LSL Property

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UK landlords set to have a good year in the 2010 buy to let market

🕔13:50, 17.Dec 2009

2009 saw buy-to-let re-emerge as an attractive investment and 2010 is set to be a strong year for landlords, according to LSL Property Services By the end of the year, total annual returns had reached 4.1%, allowing for a rental

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Buy to let investors are being offered great rates when accepted

🕔13:39, 17.Dec 2009

Something extraordinary has happened to buy-to-let mortgages in the past two months. The number of lenders offering the deals is still more than two-thirds down since the start of the credit crunch. Investment mortgages are still only going to people

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Houses for sale in less prosperous areas will suffer from stamp duty increase

🕔18:16, 11.Dec 2009

The decision by the UK government to end the stamp duty holiday that is credited with helping to revive the nation’s property market has been widely condemned. Tens of thousands of sales could fall through when the tax reverts from a concessionary £175,000 to its

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UK buy to let market will struggle in 2010 says ARLA

🕔16:55, 11.Dec 2009

While 2009 was a difficult year for the entire property market, 2010 looks likely to present an even greater challenge for the private rented sector (PRS), according to the Association of Residential Letting Agents (ARLA). Yet there are also opportunities,

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UK landlords will benefit from stamp duty holiday ending

🕔16:43, 11.Dec 2009 believes the Chancellor of the Exchequer’s decision not to extend the stamp duty holiday due to end on 31st December, is good news for landlords. The property portal’s director, Phil Calderbank, believes the move will benefit the lettings market

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The UK landlords image has been improved by the recession

🕔15:02, 8.Dec 2009

  During the property boom period, the public perception of landlords was one driven by greed, with many UK landlords accused of setting high rent levels and refusing to undertake maintenance and necessary repair to their properties. The lack of choice

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Property club failure scares UK buy to let investors

🕔13:55, 8.Dec 2009

Nearly 300 angry investors are at risk of losing of hundreds of thousands of pounds following the liquidation of a Sussex-based buy-to-let club. According to a report in the Guardian newspaper, Passive Investments helped amateur property investors purchase buy-to-let properties

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Will UK house prices continue to rise next year?

🕔13:41, 8.Dec 2009

For close observers of the UK’s property market, 2009 was a big surprise. Contrary to almost everyone’s expectations, prices started rising in the spring and have kept on going pretty much every month since then. According to HM Revenue &

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UK overseas property investors could be the current big winners

🕔16:29, 3.Dec 2009

New research claims that Britons who bought overseas properties four years ago in investment hotspots (but without a foreign mortgage) could cash in on significant gains, despite the recent volatility in global property prices. According to Close Treasury, a division

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UK house prices rise for the 7th month in a row

🕔13:43, 3.Dec 2009

U.K. house prices rose for a seventh month as the labor market showed signs of improvement and the recession eased, Nationwide Building Society said. The average cost of a home increased 0.5 percent in November to £162,764 ($266,916), the mortgage

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A two year low for buy to let remortgaging says Paragon

🕔13:03, 3.Dec 2009

The survey found that just 39 per cent of landlords obtained a buy-to-let mortgage through a financial adviser for remortgage purposes in the third quarter of the year. The research also found that the proportion of landlords obtaining buy-to-let mortgages

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Wealthy UK property investors to up their spending!

🕔13:02, 1.Dec 2009

With the average high net worth investor already holding 28% of investments in various types of property, the long-term advantages of this investment type may make wealthy investors reach for another helping of property investments, according to a survey by Barclays

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Regulations governing buy to let will help say Assetz

🕔13:32, 30.Nov 2009

Proposals for the Financial Services Authority (FSA) to regulate buy-to-let lending have been welcomed by Assetz, which has declared the UK is entering a new phase for buy-to-let investment. According to the property specialist, many investors who entered the market

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UK landlords urged to ensure electrical equipment is safe

🕔13:27, 30.Nov 2009

Each year over 30 people are killed due to faulty electrics in the UK, and according to government figures almost 20% of all fires in UK homes are also caused by electrical faults. In 2008 alone this resulted in an

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Buy to let mortgage borrowing will be regulated

🕔17:20, 27.Nov 2009

In new measurers aimed at protecting UK mortgage borrowers, the Treasury has set out its intention to regulate the buy-to-let lending market. The move follows the Government’s analysis of the causes of the financial crisis, as set out in its

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Buy to let lending is on the up if Paragon's success is a guide

🕔12:27, 25.Nov 2009

The Paragon Group has revealed pre-tax profits of £54.3m for Q3 2009, up slightly on 2008’s figures. The buy-to-let lender’s profits were up 1.1 per cent on 2008’s £53.7m. The group attributes its resilience to carefully mortgage book management. In

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A call to UK landlords has been made to allow pets

🕔12:14, 25.Nov 2009

The devastating floods in Cumbria have indirectly highlighted one of the problems that is putting strain on UK rescue centres; the strict ‘no pet’ policies held by some landlords of rentable properties. Today (23.11.09), BBC Five Live discussed one of

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Buy to let is enticing professionals back into the market

🕔12:03, 25.Nov 2009

Investors are snapping up newly built flats in northern cities at substantial discounts, clearing out the unsold stock of several leading housebuilders. Many such buyers are accountants, doctors and solicitors who are becoming landlords for the first time, weary of

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UK landlords adding to their portfolios more than ever before

🕔12:00, 20.Nov 2009

Research from Paragon Mortgages has revealed that the proportion of landlords obtaining buy-to-let mortgages for portfolio extension purposes has hit its highest level for the best part of a decade. It found that 48% of landlords obtained a mortgage to

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UK Housing Market May Take Until 2014 To Return to 2007 Peak

🕔11:32, 20.Nov 2009

U.K. house priceswill probably fall next year, and it may take until 2014 to return to the levels at the 2007 peak of the country’s biggest housing boom, according to a Bloomberg survey. Nine of 14 economists and real estate brokers

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UK landlords will be governed by new laws in April 2010

🕔16:44, 16.Nov 2009

New laws aimed at providing better services for council tenants will be launched in April 2010, the Government has announced. Under the new regulation, landlords will have to carry out routine maintenance work within pre-agreed times, do more to tackle antisocial

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CML reports 10% growth in buy to let sector

🕔16:37, 16.Nov 2009

The increase was the first time the buy-to-let market has grown in two years and means that lending for Q3 stood at £2.1bn, accounting for 11% of all mortgages. Outstanding buy-to-let loans grew to 1,250,000 and the value rose 2.5%

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Stamp duty holiday ends on 31st Dec.

🕔16:29, 16.Nov 2009

First-time home buyers have just weeks to complete their deals before the government’s temporary stamp duty exemption expires. Househunters seeking properties worth between £125,000 and £175,000, who are midway through the buying process or in the early stages, should urgently chivvy along

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Average rents ‘surprisingly resilient'

🕔15:50, 12.Nov 2009

Flat and house-share website claims that the “lodger effect” and a reduction in the number of accidental landlords, have bolstered the rental sector, although its research also reveals large regional variations in the level of average rents and the

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House prices predicted to yo-yo

🕔15:47, 6.Nov 2009

  Residential property price increases in the UK in 2009 has taken many analysts by surprise but growth is expected to soften in 2010, according to the first predictions for next year from analysts. But the long term prospects for

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Recession has created a more "conscious" landlord

🕔10:58, 6.Nov 2009

Landlords do not have a great public image. Their demise started in the Fifties with Peter Rachman — the infamous London property owner who allowed dwellings to fall into disrepair and was reportedly violent towards tenants. The result: “Rachmanism” —

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1.2% rise in UK house prices in October say Halifax

🕔11:38, 5.Nov 2009

UK house prices rose by another 1.2% in October, according to the Halifax, which the bank says is the fourth monthly increase in a row. The Halifax said that the average price of a house was £165,528, which is still

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As UK house prices start climbing again, housebuilders report an encouraging quarter

🕔00:13, 5.Nov 2009

Housebuilders have reported an encouraging quarter, as UK house prices start climbing again. Taylor Wimpey said in an interim statement: “Our own performance has remained encouraging since the half year. “We did not experience the usual industry seasonal slowdown over the summer

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New LIVE FAQ service launched by The Landlord Association

🕔17:07, 3.Nov 2009

Times are tough in the UK property market. No more so than in the present climate. More landlords are having trouble with tenants than ever before and as laws change and new regulations come into effect, landlords are finding it

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Landlords are being "too optimistic"

🕔15:08, 3.Nov 2009

The buy to let sector punches above its weight in terms of press coverage — it always has done. But because there is a near-daily churn of press releases, news stories or statistics about the topic it can be difficult to

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🕔14:55, 3.Nov 2009

According to the ‘1808 Coalition’, of which the National Association of Estate Agents is a prominent part, Stamp Duty should be reformed because its ‘slab’ structure unfairly distorts the UK’s property market.  An overwhelming majority of the UK’s estate agents

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Landlords could face tough times ahead

🕔14:23, 3.Nov 2009

  Local Housing Allowance (LHA) was introduced for new tenancies in April 2008 and instead of rent being paid directly to private landlords to cover housing costs it went straight to the tenants who had the responsibility to pay the landlord. In practice

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Drop in number of ‘reluctant landlords'

🕔18:54, 31.Oct 2009

Research from the Association of Residential Lettings Agents (ARLA) indicates that 60% of its members recorded property being rented out to tenants rather than sold during Q3 2009, down from 80% in Q2 and 95% in Q1. The data suggest that fewer

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Buy to let is being tipped as a growth sector

🕔14:32, 30.Oct 2009

This view was recently endorsed by the Association of Mortgage Intermediaries which believes, with the regulatory pressure on lenders to improve capital positions, it is likely there will be an increase in lending and predicts gross lending to rise from

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Landlord fined for failing to protect tenant

🕔21:38, 29.Oct 2009

It follows the sentencing today (28 October) of landlord Helen Jayne Beckett, of Lodge Hill, Addingham, Ilkley, who was fined £1,000 and ordered to pay £1,500 costs. Ms Beckett pleaded guilty to breaching Regulation 36(3) of the Gas Safety (Installations

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Buy to let investors snapping up bargains and reviving the market

🕔15:59, 29.Oct 2009

Buy-to-let investors are back, according to the latest figures, which show that estate agents have reported an increase in landlords buying property in the past three months. Figures compiled by the Royal Institution of Chartered Surveyors (RICS) showed a 2

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ARLA confirms private rented sector is continuing to grow

🕔14:31, 23.Oct 2009

Association of Residential Letting Agents (Arla) operations manager Ian Potter said that landlords can take out rental protection insurance that covers their income, while tenants struggling to meet payments also need support. His comments come after Arla research indicated that

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FSA reforms could spell the end of buy to let, warns expert

🕔14:20, 23.Oct 2009

 He believes the FSA reforms will severely dent recent hopes of recovery in the property market. In particular, its effect on the buy-to-let market – which is now under scrutiny – will result in a sharp drop in the number

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London house prices return to 2007 peaks

🕔19:12, 22.Oct 2009

Prominent property website Rightmove has today confirmed that London property prices, at least in some areas, have returned to the peaks of 2007 despite the fact that the UK economy is still under pressure. While this is good news in

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Low property prices increasing investor activity

🕔19:01, 22.Oct 2009

Sales agents are experiencing a huge increase in demand for properties for sale as confidence grows, the survey by The Property Investor Show and OPP Live also shows.  Some 75% of sales agents questioned said that they had seen an

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Another landlord found guilty of endangering lives of his tenants

🕔13:03, 17.Oct 2009

During the court session at Stratford Magistrates’ Court, the landlord, who lives in East Ham, did not deny the charges and admitted that he failed to comply with the current regulations of Houses in Multiple Occupation (HMO’s). The landlord, Mr.

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Cambridgeshire landlord jailed for 16 months for breaking gas safety laws

🕔12:56, 17.Oct 2009

YOUNG COUPLE AND BABY SLEPT IN UNSAFE RENTED ROOM Mr Istiaq Ahmed, of Green Leys, St Ives, Cambridgeshire, was due to be sentenced for health and safety offences earlier this year when he instructed his counsel to present a ‘Landlord

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Tenant evictions increase in wake of credit crunch

🕔12:38, 17.Oct 2009

Repossessions have been the target of the government initiatives, but it’s not only homeowners that are getting kicked out of their properties. More people are being evicted for rent arrears than having their homes repossessed, with a sharp jump over

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Rental property demand rising giving further evidence to buy to let stability

🕔14:51, 8.Oct 2009

There is a growing level of stability in Britain’s residential buy-to-let sector, thanks to the fact that demand for rental properties is once again on the rise, after nearly a year of stagnation and decline since the financial crisis broke

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Buy to let mortgage market must be regulated, says BPF

🕔23:01, 7.Oct 2009

Buy-to-let mortgages must be regulated by the financial watchdog to prevent the reckless lending seen in the housing boom being repeated. The British Property Federation, an industry body, has urged the Financial Services Authority to regulate all buy-to-let mortgages and

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PM, Wed 30th Sept – buy to let landlords cautious about expanding … – Landlord Expert

🕔13:04, 30.Sep 2009

  PM, Wed 30th Sept – buy to let landlords cautious about expanding …Landlord ExpertIt is not surprising that just 26 per cent of landlords from outside London plan to add to their property portfolios over the next 12 months,

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The Landlord Association voices concern over new opportunistic NLA scheme

🕔07:56, 17.Sep 2007

The Landlord Association commented that the database gives no more reassurance to tenants of a landlords credibility than usual. “This database is another scheme to help generate income for the NLA”, said Dean Evans, Director for The Landlord Association. “Essentially

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