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…
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…
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…
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…
Home swap has become a very popular idea among Britons. Indeed, especially for people living near major sport events, festivals or popular areas.
“During the two weeks of Wimbledon, for example, lots of homeowners who live nearby will have planned their summer holidays in order to vacate their homes and rent them out to avid tennis fans,” says Karl LeBrasse from Badger Holdings, parent company to Townends and Regents Estate Agents. Read more…
Britons could save money by looking around for cover when their home insurance policy come to an end, according to moneysupermarket.com insurance.
Computer is the best tool in order to help you making the best choice for your home insurance. Indeed, insurance quotes comparison websites are very easy to use and can get you the best deal. They provide quotes from different insurance companies within minutes. Simply fill out a form available on the website, which asks basic information on your home, submit and you get the quotes in minutes. Read more…
According to Post Office home insurance: “UK homeowners spend more on home and garden items as summer approaches”. Read more…
Private landlords are facing to slash rents if they want to keep their current tenants because of large cutback on housing benefit by the Chancellor.
More than one million families who receive housing benefit will have to find extra money in order to pay their rent to private landlords from next year. Read more…
The average homebuyer spends just 21 minutes viewing a property before deciding to buy it, new research says.
People in general take an average of 217 minutes to pick a satellite, 284 minutes to decide upon a new television and 164 minutes to buy a coffee table. Read more…
According to the Land Registry “32,000 British buy to let insurance policyholders own property in Turkey.”
British people have never stopped buying in Turkey and latest figures show how the property market is growing in Turkey. Read more…