Criminal gangs target landlords

February 8th, 2010

Landlords’ properties are being targeted by criminal gangs as a cover for illegal activity, according to the National Landlords Association (NLA), the leading representative body for private-residential landlords in the UK.

Prime central London prices rose 1.1% in January, the 10th consecutive month of price growth Knight Frank reports.

House prices rose for the seventh consecutive month, but January’s rise was the lowest during this period and was significantly below the 1.1% average over the previous six months.

The Financial Services Authority (FSA) has banned mortgage intermediary Andrew Emelife for knowingly submitting mortgage applications to lenders that contained false and misleading income information.

The Mortgage Works has unveiled a number of changes to its portfolio, including a new range of Stepped Buy to Let Tracker products, with rates from Bank of England Base Rate + 4.14% (4.64%).

Gross mortgage lending by building societies was £1.8 billion in December, compared to £1.6 billion in November, an increase of 15%. Gross lending for 2009 totaled £18.6 billion compared to £37.5 billion in 2008.

Some Irish mortgage lenders have been accused of punishing their existing customers by offering higher interest rates on mortages than for new customers.

House Prices

January sees modest house price growth
[5 Feb 2010|No Comment]

House prices rose for the seventh consecutive month, but January’s rise was the lowest during this period and was significantly below the 1.1% average over the previous six months.

Mortgages

Home buyers get more options
[28 Jan 2010|No Comment]

‘Cash is King’ has been the rule for some time for those buying a property, but new analysis from moneysupermarket.com has shown that providers are beginning to loosen the purse strings with more products now available to mortgage borrowers with lower deposits or equity in their properties.

Affordability

January sees modest house price growth
[5 Feb 2010|No Comment]

House prices rose for the seventh consecutive month, but January’s rise was the lowest during this period and was significantly below the 1.1% average over the previous six months.

Lettings

2010 to be a tough year for private rented sector
[7 Jan 2010|No Comment]

While 2009 was a difficult year for the entire property market, 2010 looks likely to present an even greater challenge for the private rented sector (PRS), according to the Association of Residential Letting Agents (ARLA).