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  • Oct
    24
    2013

Redecoration – Should Landlords Pay? Oct 24 2013

Landlords are failing to protect themselves from redecoration disputes because they are not accurately recording the condition of the décor at the start of a new tenancy and they are not being clear with tenants on what constitutes a ‘neutral’ colour, according to the Association of Independent Inventory Clerks (AIIC). In any dispute involving redecoration costs where the check-out evidence shows it is definitely needed, one of the first things an adjudicator will do is look at the check ...

  • Oct
    24
    2013

Early introduction of ‘Help to Buy’: biggest government property market intervention since Nigella’s Dad created house price boom! Oct 24 2013

The bringing forward of the second phase of the much lauded ‘Help to Buy’ mortgage guarantee scheme is already provoking great interest from would-be buyers and  those looking to move-up the property ladder. From the 7th October thousands of local people, currently in rented, living with parents or locked into ‘Zombie’ mortgages (where they can afford a more expensive mortgage but unable to raise the level of deposit lenders – without government guarantees – had previously deman ...

  • Oct
    24
    2013

Help to Buy Scheme – Early Introduction Oct 24 2013

This is the most significant government intervention in the property market since former Conservative Chancellor, Nigel Lawson, withdrew dual tax relief on mortgages in 1988. From the 7th of October thousands of local people, currently in rented, living with parents or locked into “Zombie” mortgages might now be able to buy, or move up the market, with just a 5% deposit. The early introduction of this scheme – 3 months sooner than originally announced – and on the eve of the Tory P ...

  • Oct
    24
    2013

Buy to Let Landlords increase their property portfolios Oct 24 2013

With lending to buy-to-let landlords said to be at an all-time high and cash-rich investors looking for a secure home for their monies, we are certainly witnessing a marked increase the number of enquiries we are receiving from both existing and new landlords to add to or build their rental portfolios. And with the supply of quality properties for sale in the preferred local rental “hot spots” not currently meeting demand, we are seeing prices edging up ahead of the “Help to Buy” sche ...

  • Oct
    24
    2013

Phew, what a scorcher! Property market hots up as temperature and prices rise. Oct 24 2013

Unlike heat waves in years gone by, where the property market has virtually shut-down as the buyers focussed more on the beach and cold beers, the summer of 2013 is proving to be quite different and could form the platform for the busiest half year of property sales for a very long time. Whilst some – perhaps less committed – buyers have undoubtedly swapped property viewing for swimsuits and barbeques, those that have been around during the hot spell (and there have been plenty of them!) ...

  • Oct
    24
    2013

So, just who can we believe about the state of the property market? Oct 24 2013

-          Certainly don’t believe all you read in the press! With the Land Registry reporting average UK property prices starting at £161,969 and Nationwide reporting £168,941, the Office of National Statistics (ONS) appear to be stating that the figure is actually £238,000! We also have HMRC saying monthly transactions are 83,740 per month with the Land Registry reporting 48,875! Nationwide say house prices went up just 0.3% between May and June and by 1.9% since last Ju ...

  • Oct
    24
    2013

Establishing Your Target Market Oct 24 2013

With the average tenancy term now lasting 20 months, it is important to ensure that you can secure the best tenants possible. Elements such as the choice of Letting Agent can be fundamental when striving to achieve this, but ultimately one of the most important contributing factors lies with the Landlord in presentation of the property. When considering your target audience, believe it or not it is the finer touches that captivate the desired tenant. Gone are the days when renting had a stigm ...

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