Latest News
UK Tenants Fail to Meet Monthly Rental Payments
The latest research by Association of Letting Agents (ARLA) suggests that a growing number of UK tenants are struggling to meet their rental payments.As such, over 40% of ARLA members reported an increase in the number of tenants failing to meet their payments in the six months to March 2012.Commenting on the findings, Ian Potter of ARLA,... Read more
UK Tenants to Get Paid for Property Repairs
From April, 2012 council tenants will get paid for doing their DIY projects under the new scheme Tenant Cashback launched by UK Housing Minister Grant Shapps.This scheme is aimed at reducing the 4-billion pounds maintenance bill for social housing and at ensuring that tenants become "apprentices in the home."Commenting on the launch of Tenant... Read more
Rent Rates in London Are Double the National Average
The latest research by BM Solutions suggests that buy to let landlords in London are enjoying almost double the average revenue compared to landlords in other UK cities.In the recent research, BM Solutions found out that UK rent rates across the UK stand at around 700 pounds a month, whereas in London they exceed 1200 pounds a month.The lowest... Read more
UK Rental Market Up by 25% in 2011
According to a recent article in the Financial Times, the number of tenant applications rose to 275,000 in 2011, which is 25% up from the previous year.In the opinion of property experts, such a dramatic rise is due to the difficulties potential buyers face when applying for a mortgage or saving for a deposit.Nick Dunning of Countrywide Senior... Read more
UK Landlords Remain Cautious Despite an Increase in Rent Rates
Even though rent rates have been growing for the past months, many British landlords remain cautious and choose not to expand their portfolios.A research performed by Mortgages for Business, a specialist buy to let mortgage broker, revealed that UK landlords, although happy to see rent rates rising, are not planning to expand their property... Read more
UK House Prices Decreased 0.5% in August 2011
The latest report published by Halifax suggests that house prices in UK fell by 0.5% and will continue to decrease this year.Yesterday, on October 6th, Halifax published a new house prices report, which suggests that property values in the country fell by 0.5% in August and reached 161,132 pounds.This data supports the recent report published by... Read more
Prices on UK City Property Rose by 65%
According to a market overview performed by Halifax, property in UK cities is more expensive than in the county they are in.The conclusions are based on the analysis of 59 British cities, the results of which were compiled in the Halifax Cities Review published annually since 1983.The house prices in British cities increased by 65% over the past... Read more
UK Buy to Let Sector to Celebrate Its Anniversary
The UK buy to let sector is to celebrate its 15th anniversary on September, 24. The Paragon Group recalls the launch of the sector by ARLA.The buy to let sector will celebrate its 15th anniversary in 2 days. On September, 24th 1996 the Association of Residential Letting Agents (ARLA) officially launched buy to let at the RAC Club. It was supported... Read more
UK Rent Rates Increase in June 2011
The latest report published by LSL Property Services on Monday, July 18th suggests that rent rates in UK exceeded 700 pounds in June 2011.Rent rates in England and Wales rose to 701 pounds, which is 0.7% and 4.1% more than in May 2011 and June 2010 respectively.London rental property is available for even more: rates have reached 1006 pounds in... Read more
UK Property Rent Rates Are Cheap in Ayrshire
Figures published lately by Endsleigh, UK-based letting agency, suggest that rent rates in Ayrshire are the cheapest in Great Britain. They are 200 pounds less than the average rental price nationwide, which currently stands at almost 700 pounds. London rate rates are almost 2 times higher and stand at 1370 pounds.As for Ayrshire, Endsleigh... Read more
