Cameron Considering CGT Rise

Arguments regarding the controversial hike in Capital Gains Tax were being taken ‘carefully into consideration’, said Prime Minister David Cameron yesterday.  Indicating a tapered increase, Cameron promised to listen and consider the advice of his fellow Tory backbenchers. The CGT hike, which was promised in the coalition agreement to raise it in line with income […]

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Mortgage Approvals Fall – Demand Rises

‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾ Despite the unstability of the UK property market, PRS is fast becoming a growth industry.  Rents are still rising, regardless of uncertain economic conditions.  Annual yields appear to have increased within the private residential sector to nearly 5 per cent from last year.  Rents are now approaching their 2007 peak, with a rise in […]

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May 24 Update on BTL Lending

As mentioned in the last update, Kensington are now back in the Buy-to-Let market, having re-entered the residential market last month. At the moment, their product range is limited but their 2-year Fixed is at 5.69% with the usual 125% rental calculation. However, they don’t credit score any applications, they will allow income verification by Qualified […]

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Ensure Tenants Utilise The Warmfront Scheme

With the new coalition government’s emphasis on energy and the need for homes to come in line with the aim of cost efficiency for consumers and for the environment, still many landlords are unaware of the Warmfront initiative.

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Coalition Agreement in Full

We’ve had a lot of enquiries from landlords concerning the CGT rise that was proposed in the coalition agreement.  Below is the document as set out by the coalition government. The Agreement This document sets out agreements reached between the Conservatives and Liberal Democrats on a range of issues. These are the issues that needed […]

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Reasons for Renting

As more UK consumers find difficulty in obtaining mortgages, many are now opting to rent. With social housing waiting lists limited, a tenancy in the social residential sector can take years to come to fruition with little if no choice of which property will be offered.

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Coalition Agreement – Mixed Bag

The end of last week saw Conservative MP Grant Shapps named as the new housing minister. The first change effecting housing policy sees the scrapping of Labour’s Home Information Packs (HIPS), which comes with mixed feeling within the industry.

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Interest Rates Still 0.5%

Landlords are finally able to sigh with relief as a decision by the Bank of England’s Monetary Policy Committee has voted to hold interest rates again at 0.5%, last week.

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The Accidental Landlord

With more homeowners than ever considering letting their homes due to the current property slump, how do they know their going about it the right way? Many homeowners feel somewhat overwhelmed and daunted at the process they invariably encounter when considering letting their homes.  This new breed of landlord may have made the choice to […]

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Update on B-T-L Lending

While buy-to-let lending is still considerably less forthcoming (to say the least) since it reached its peak three years ago, there seems to be a little movement in this sector as reported by Mark Sorby of J. Montagu Financial Solutions.

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