Archive

Archive for July, 2010
July 30th, 2010
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Property prices in the east London area are set to increase faster than anywhere else in the capital in the run up to the 2012 Olympic Games.

Research for Lloyds TSB found that property prices in 14 postal districts of east London have increased by an average of 26% since it was announced in 2005 that London would hold the 2012 Olympics. Read more…

July 27th, 2010
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According to affordable housing group Circle Anglia, an estimated 495,000 of the UK’s 3.9 million families in social housing want to move but are unable to do so.

Social housing tenants want to move homes for many reasons including to remain near to their families, to find a job or to live in a peaceful, less crowded area but they are faced with difficulties due to shortages of homes available for rent and increased tenant demand. Read more…

July 26th, 2010
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People living in rural villages will have the right to build on green belt land without planning permission.

The “community right to build” programme will allow people to build any type of property including houses, flats, shops and business space, on green belt land is enough of the local residents are in favour. Read more…

July 22nd, 2010
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It is cheaper to buy a property as opposed to renting one in 74% of the country, according to Zoopla.co.uk.

Research by Zoopla.co.uk looked at 50 locations throughout Britain and found that average monthly mortgage repayments we on average 8% lower than rental payments on a comparable property in three-quarters of the locations. Read more…

Author: Categories: Home Insurance, Landlord Insurance, Mortgages Tags:
July 20th, 2010
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Demand for rental accommodation reached record levels in the second quarter of the year.

Countrywide plc recorded that 50,480 new tenants registered with them for rental accommodation- a 16% increase since the start of the year and the highest level recorded since they started collecting data in 2003. Read more…

July 15th, 2010
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Four out of ten landlords admit that rents from tenants are barely covering their mortgage repayments and any increase in interest rates could lead to disaster, according to flat and house share website Spareroom.co.uk.

41% of landlords revealed that their mortgage repayments are barely covered by rent payments and 43% admitted that if interest rates increase by 2% their rents will no longer cover their mortgage. Read more…

July 12th, 2010
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Badly-prepared inventories are costing the UKs buy-to-let sector as much as £12 million a year.

The Video Inventory Agency claims that the number of disputes between landlords and their tenants is growing each year- reaching a total of 23,500 cases in 2009. Of this staggering figure, 92% of these cases were found in favour of the tenants, costing landlords an estimated £12 million in lost claims. Read more…