Month: February 2015

Surprise Warning For Landlords Over Maintenance

Interesting research about tenants and repairs. Also a surprise warning for landlords! The research also highlighted that just a third of tenants would rather deal with a landlord than a letting agent and one in six tenants have experienced bad landlords in the past. However, the good news is that over 80% say their landlord is approachable and friendly and only 12% of tenants claim their landlord has made promises that he/she could not keep.

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Election Worries Haven’t Damaged Demand

The prospect of a general election has minimal impact on the property market, according to a new report released by global property firm CBRE. It is commonly reported that the property market slows in the run up to a general election as property purchasers and sellers delay their decisions until the outcome of the election is clear.

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“Mansion Tax” would affect 2.5% of London Property

Analysis by a high end estate agent has revealed that 2.5% of homes in London would be affected by a planned ‘mansion tax’ on properties worth more than £2 million. To measure how this impact on the capital equates to the rest of the country, Knight Frank examined ten other markets to determine the top 2.5% by value and the equivalent ‘mansion tax’ entry point in each.

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This week houses made of straw went on the open market for the first time. A row of seven straw houses in Bristol have now become the first to secure building certification which makes them eligible for a standard mortgage. The properties, consisting of two and three-bedrooms, each use more than seven tonnes of straw and are said to reduce heating costs significantly in comparison to an average brick house.

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One Million Homes Target Is Possible

Over one million new homes could be built over the next decade if each of the 353 councils in England built just one garden village of 3,000 new homes. This is the finding of a new report by think tank Policy Exchange which argues that a future government should devolve development powers to councils in order to kick start the building of new homes.

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Report About House Prices Is Mixed

UK house prices increased by 9.8% between January and December 2014, according to the Office for National Statistics’ (ONS) latest House Price Index published yesterday. The new figures represent a slight decrease on those from the previous month, which showed house price growth of 9.9% between January and November.

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Savvy Savers Scrimp For Deposit, But We Can Help

Swapping lunch out for a packed lunch is the most common sacrifice made by prospective home buyers when saving for a deposit, research has found. The study, carried out by Housing Association Family Mosaic, surveyed 2,000 people who are currently saving for a house deposit or have managed to buy in the past three years to determine the most common changes being made to help fund a deposit.

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Crick Residents Overcharged For Drainage

A group of pensioners claim they have been “ripped off” by Severn Trent after paying an ‘unnecessary’ water charge for decades. Residents in the Rectory Close estate in Crick have been paying the water company to channel surface water to the sewers for a number of years. But some neighbours recently found out that their water simply went into soakaways in the ground.

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Lowest Ever Buy to Let Rates!

Landlords, we have some good news – you can now take advantage of the lowest Buy To Let mortgage rates in history. Research from Moneyfacts.co.uk has confirmed that the average cost of both fixed and variable borrowing is falling, with the average fixed rate BTL deal currently at its’ lowest ever level.

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