Landlords ‘expect house price increase’

Private landlords and others involved in the letting industry expect the value of their property portfolios to increase by an average of 0.8 per cent in the next 12 months, according to new research.A study by Paragon Mortgages also reveals that 14 per cent of landlords expect to buy an investment property in the final [...]

Gap between asking and selling price ‘drops’

Private landlords studying market trends before adding to their property portfolio may be interested to hear that the average gap between asking and selling prices dropped in September - albeit only slightly.According to the National Association of Estate Agents' (NAEA) housing market report for September, the gap narrowed from 11 per cent in August to [...]

Nottingham’s private landlords ‘can help city’

Private landlords in Nottingham are seen as central figures in a new scheme to clean up the city, it has emerged.According to the Nottingham Evening Post, Broxtowe borough council is offering money to owners of out-of-use properties to try and get the homes to a standard where tenancy agreements can be made and people can [...]

Landlords await September interest rate news

Private landlords will be among the property owners eager to hear the interest rate update later today.The Bank of England's monetary policy committee (MPC) will announce its decision at noon.Most economic commentators have predicted that there will be no movement in the cost of borrowing - from its current record level of 0.5 per cent.It [...]

Landlords to see interest rates stay at 0.5%

Private landlords and other mortgage holders are set to see the cost of borrowing remain at 0.5 per cent for the rest of the year and well into 2010, new research suggests.According to the latest Business Trends report by accountants and business advisors BDO Stoy Hayward, the record low interest rate will stay at its [...]

One-third ‘not willing to drop property asking price’

Some 35 per cent of people looking to sell property are unwilling to drop the asking price, new research has revealed.The Co-operative Bank has published a study that shows people in Scotland are the least likely to drop the stated price of a home when trying to sell it.With property tax and other financial outlays [...]

Most landlords ‘riding the recession’

Despite widespread economic problems throughout the UK, most private landlords are dealing with the current climate.That is the view of media relations manager at the National Landlords Association (NLA), Steve Hilton, who said that "the overwhelming bulk"of landlords are riding the recession in a "fairly stable way".He suggested that there are around 1.4 million [...]

Housing costs reportedly down year-on-year

All the costs associated with owning and running a home are down year-on-year, it has been suggested.Research from Halifax has indicated that all regions in the UK reported double-digit declines in housing expenditure in the last 12 months.Private landlords and homeowners alike may have had more disposable income as a result.London was the place where [...]

Private landlords looking for a quick buck discouraged

Private landlords looking to get into property investment to make money quickly have been discouraged by the National Landlords Association (NLA).Spokesperson for the group Steven Hilton said the association is not surprised by the findings of a recent survey, which suggests landlords require local knowledge and active management if their businesses are to succeed.He was [...]

Estate agents report more sales in April

Estate agents in the UK sold an average of ten properties in April, according to new figures.Although properties sold to private landlords were not made clear, the National Association of Estate Agents' (NAEA) findings have been welcomed as positive news for the whole industry.The NAEA said that the figure, which was up from eight in [...]