According to legal information provider Sweet & Maxwell, private landlords filed 23% more repossession claims against their tenants during the credit crunch.
Private landlords now account for 17% of all repossession claims in the rented property sector compared to 11% in 2004, with repossession claims jumping from 17,047 to 21,004 between 2004 and 2008, an increase of 23%. Read more…
The Deposit Protection Service (DPS) and the National Union of Students (NUS) have produced a tenants’ guide containing recommendation for students moving into their first rental property.
As the end of the academy year approaches, plenty of students are getting ready to go to university for the first time or are looking to replace their accommodation before the new university year starts in september.To go along with this, the DPS has produced a new tenant’s guide to help students about moving into their first rental property. Read more…
According to the Guardian: “In capping housing benefits, the chancellor blamed the housing benefit bill on greedy families who are looking to net over £100,000 a year from the state. But it was two governments and mayors overseeing a fall in the stock of social homes in London that forced the housing benefit bill up in this city, as waiting lists almost doubled in length.”
Chancellor George Osborne set out plans to slash the amount of money received by families claiming housing benefit. He has announced a restriction on housing benefits and plans to reduce their cost by almost £2bn in today’s Budget. Read more…
With just two years to go until the official start of the 2012 Olympic Games, the transformation of south east London has started already.
There are plenty of new homes, shopping, new facilities and transport infrastructure in progress especially around the Stratford site which is currently one of London’s property hotspots. Read more…
22th June 2010 is the date of the emergency budget announced by the new government and many in the property market industry are concerned about how new measures will affect them.
The good news is that most professionals working in the UK property market celebrated the government’s decision to abolish Home Information Packs (HIPs). Indeed already there has been an increase in the amount of new properties coming into the market since this decision. Read more…
An accountancy firm has warned buy-to-let investors who avoid paying tax on the profits from property sales that they are coming under greater scrutiny by the taxman.
UHY Hacker Young have warned that tax officials are increasingly searching Land Registry records to identify residential property sales by buy-to-let properties to make sure that tax return details are correct. Read more…
Google Maps will now advertise properties for the convenience of landlords and buyers.
People who are looking for a house have different options to look for a property: It can be in the newspaper, online or in an estate agents window, but now thanks to Google Maps they will be able to surround and view the house and the neighboor. Now house hunters will have more tools at their disposition thanks to Google Maps. Read more…
