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LATEST NEWS
Private rented sector dominance ‘increasing’
The private rented sector has seen an increase in the past decade, after three-decade decline.Halifax's survey on the UK housing market noted its findings, which stated that the proportion of privately rented homed was 14 per cent in 2008.This is in comparison with the nine per cent statistic reported in 1991. The survey looked at [...]
Deposit protection scheme sees ‘hefty price increase’
Landlords and tenants who use deposit protection schemes may be affected by new charges from The Dispute Service (TDS). New subscriptions for 2010-11 will be charged in two instalments. In the summer there will be a second invoice, which will look at the number of disputes submitted and any changes made to registered tenancies.However, chief [...]
Property to be bought ‘by 10% of landlords’ in Q1
Landlords may be responsible for a surge in property purchases, following an announcement that one in ten landlords plans to invest in the first quarter of this year.Property portfolios will be expanded by ten per cent of landlords in this quarter, Paragon Mortgages' Trends research discovered.Landlords prefer terraced housing, with almost two-thirds stating that this [...]
Home phone providers are ‘stumbling’
Many tenants and homeowners may not be satisfied with their home phone providers, it has been claimed.This is according to the first annual Homephonechoices.co.uk Customer Satisfaction Awards.Product director at the company Michael Phillips said: "There are still some stumbling blocks that home phone providers need to address if they are going to retain their customers [...]
Worried bill payers ‘should contact suppliers’
Tenants who are worried about their energy bills should speak to tariff providers immediately, it has been advised.Many bill payers will worry about their fuel bills following the big freeze this month, moneysupermarket.com revealed yesterday (January 18th).Some 40 per cent of annual energy consumption is used in the winter months, it was claimed."This recent cold [...]
New rules for doorstep energy sales
Tenants and landlords should be aware of new rules governing doorstep energy sales, which were introduced yesterday (January 18th). USwitch.com states that there is now more protection for consumers, but this does not mean they can let their guards down.A written quote must be supplied by the seller on the doorstep - as well as [...]
CML offers support for tenant protection bill
Tenants whose landlords have conventional mortgages are being supported by the Council of Mortgage Lenders (CML), it has been revealed.According to the CML, some tenants rent property where a conventional residential mortgage has been purchased.Landlords may have chosen this option instead of a buy-to-let loan, which means that the tenants in the former properties are [...]
Interest rates ‘will not rise until 2011′
Landlords considering remortgaging their properties may be interested in claims that interest rates will not rise until 2011.Strategy, risk and economics director at Hometrack Gary Styles said that house purchase volumes have steadily grown recently, but mortgage activity has fallen.Businesses have decided to focus on house purchase lending for existing customers due to government targets, [...]
NLA: Board director has resigned
The National Landlords Association (NLA) has announced the resignation of its board director.Sussanne Chambers was appointed to the board in May last year. She was then elected by her fellow members at the organisation's November annual general meeting in 2009.Ms Chambers will now move on to "an exciting new business venture" as managing director of [...]
New-build industry ‘not feeling truly confident’
Landlords and homeowners are being warned that issues are still affecting the house building industry, which mean it cannot yet "feel truly confident".Managing director of SmartNewHomes.com David Bexon said that decisive government action has not yet followed the strong performance of house building firms.He referred to an announcement by Barratt Developments, which revealed that the [...]