Tuesday, July 31, 2012

Affiliates

Affiliates
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If you know someone that would benefit from guaranteed rent, please call us today. Selling can be difficult at the moment, why settle for a much lower price to sell today when you could rent your property out on our guaranteed rental scheme, the hassle free solution. Call us today to find out more about our generous incentive packages. To find out more about our partnership incentive packages contact us on 020 8694 8098 or email partners@3let.co.uk Welcome to Guaranteed Rental .org. Do you want to let your property hassle-free? Without late rent payments, without unreliable tenants, without having to maintain the property? Do you want to receive monthly rent even when the property is unoccupied? With our unique guaranteed rental scheme you can do just that. Why not call us now on 020 7639 9047 or request a call back at a time that suits you from one of our friendly professional team.

Guaranteed Rental Lewisham | Guaranteed Rent Lewisham

Guaranteed Rental Lewisham | Guaranteed Rent Lewisham
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Areas Covered

Areas Covered
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Shropshire Bishop's Stortford Hertfordshire Bishop's Waltham Hampshire Blackburn Lancashire Blackpool Lancashire Blackrod Greater Manchester Blackwater and Hawley Hampshire Blandford Forum Dorset Bletchley and Fenny Stratford Buckinghamshire Blyth Northumberland Bodmin Cornwall Bognor Regis West Sussex Bollington Cheshire Bolsover Derbyshire Bolton Greater Manchester Bootle Merseyside Boroughbridge North Yorkshire Boston Lincolnshire Bottesford Lincolnshire Bourne Lincolnshire Bournemouth Dorset Bovey Tracey Devon Brackley Northamptonshire Bradford-on-Avon Wiltshire Brading Isle of Wight Bradley Stoke Gloucestershire Bradninch Devon Braintree Essex Brampton Cumbria Brandon Suffolk Brentford Greater London Brentwood Essex Bridgnorth Shropshire Bridgwater Somerset Bridlington East Riding of Yorkshire Bridport Dorset Brierfield Lancashire Brierley South Yorkshire Brigg Lincolnshire Brighouse West Yorkshire Brightlingsea Essex Brixham Devon Broadstairs and St Peter's Kent Bromborough Merseyside Bromley Greater London Bromsgrove Worcestershire Bromyard and Winslow Herefordshire Broseley Shropshire Broughton Lincolnshire Broughton-in-Furness Cumbria Bruton Somerset Buckfastleigh Devon Buckingham Buckinghamshire Bude-Stratton Cornwall Budleigh Salterton Devon Bulwell Nottinghamshire Bungay Suffolk Buntingford Hertfordshire Burford Oxfordshire Burgess Hill West Sussex Burgh-le-Marsh Lincolnshire Burnham-on-Crouch Essex Burnham-on-Sea and Highbridge Somerset Burnley Lancashire Burntwood Staffordshire Burton Latimer Northamptonshire Burton upon Trent Staffordshire Bury Greater Manchester Bury St Edmunds Suffolk Bushey Hertfordshire Buxton Derbyshire Caistor Lincolnshire Callington Cornwall Calne Wiltshire Camborne Cornwall Camelford Cornwall Cannock Staffordshire Canvey Island Essex Carnforth Lancashire Carterton Oxfordshire Castle Cary Somerset Castleford West Yorkshire Chagford Devon Chapel-en-le-Frith Derbyshire Chard Somerset Charlbury Oxfordshire Chatham Kent Chatteris Cambridgeshire Cheadle Staffordshire Chelmsford Essex Cheltenham Gloucestershire Chertsey Surrey Chesham Buckinghamshire Cheshunt Hertfordshire Chesterfield Derbyshire Chester-le-Street Durham Chickerell Dorset Chingford Greater London Chippenham Wiltshire Chipping Campden Gloucestershire Chipping Norton Oxfordshire Chipping Sodbury Gloucestershire Chorley Lancashire Chorleywood Hertfordshire Christchurch Dorset Chudleigh Devon Chulmleigh Devon Church Stretton Shropshire Cinderford Gloucestershire Cirencester Gloucestershire Clare Suffolk Clay Cross Derbyshire Cleator Moor Cumbria Cleethorpes Lincolnshire Cleobury Mortimer Shropshire Clevedon Somerset Clitheroe Lancashire Clun Shropshire Cockermouth Cumbria Coggeshall Essex Colburn North Yorkshire Colchester Essex Coleford Gloucestershire Coleshill Warwickshire Colne Lancashire Colyton Devon Congleton Cheshire Conisbrough South Yorkshire Corbridge Northumberland Corby Northamptonshire Corringham Essex Corsham Wiltshire Cotgrave Nottinghamshire Cowes Isle of Wight Cramlington Northumberland Cranbrook Kent Craven Arms Shropshire Crawley West Sussex Crediton Devon Crewe Cheshire Crewkerne Somerset Cricklade Wiltshire Cromer Norfolk Crosby Merseyside Crowborough East Sussex Croydon Greater London Crowland Lincolnshire Crowle Lincolnshire Cullompton Devon Dagenham Greater London Dalton Town with Newton Cumbria Darley Dale Derbyshire Darlington Durham Dartford Kent Dartmouth Devon Darwen Lancashire Daventry Northamptonshire Dawlish Devon Deal Kent Dereham Norfolk Desborough Northamptonshire Devizes Wiltshire Dewsbury West Yorkshire Didcot Oxfordshire Dinnington St John's South Yorkshire Diss Norfolk Doncaster South Yorkshire Dorchester Dorset Dorking Surrey Dover Kent Dovercourt Essex Downham Market Norfolk Driffield East Riding of Yorkshire Droitwich Spa Worcestershire Dronfield Derbyshire Dudley West Midlands Dukinfield Greater Manchester Dulverton Somerset Dunstable Bedfordshire Dunwich Suffolk Dursley Gloucestershire Ealing Greater London Earl Shilton Leicestershire Earley Berkshire Easingwold North Yorkshire East Cowes Isle of Wight East Grinstead West Sussex East Ham Greater London Eastbourne East Sussex Eastleigh Hampshire East Retford Nottinghamshire Eastwood Nottinghamshire Eccles Greater Manchester Eccleshall Staffordshire Edenbridge Kent Edgware Greater London Edmonton Greater London Egremont Cumbria Elland West Yorkshire Ellesmere Shropshire Ellesmere Port Cheshire Elstree and Borehamwood Hertfordshire Emsworth Hampshire Enfield Greater London Epping Essex Epworth Lincolnshire Erith Greater London Eton Berkshire Evesham Worcestershire Exmouth Devon Eye Suffolk Fairford Gloucestershire Fakenham Norfolk Falmouth Cornwall Fareham Hampshire Faringdon Oxfordshire Farnham Surrey Faversham Kent Fazeley Staffordshire Featherstone West Yorkshire Felixstowe Suffolk Ferndown Dorset Ferryhill Durham Filey North Yorkshire Filton Gloucestershire Finchley Greater London Fleet Hampshire Fleetwood Lancashire Flitwick Bedfordshire Folkestone Kent Fordbridge West Midlands Fordingbridge Hampshire Fordwich Kent Fowey Cornwall Framlingham Suffolk Frinton and Walton Essex Frodsham Cheshire Frome Somerset Gainsborough Lincolnshire Garstang Lancashire Gateshead Tyne and Wear Gillingham Dorset Gillingham Kent Glastonbury Somerset Glossop Derbyshire Godalming Surrey Godmanchester Cambridgeshire Goole East Riding of Yorkshire Gorleston Norfolk Gosport Hampshire Grange-over-Sands Cumbria Grantham Lincolnshire Gravesend Kent Grays Essex Great Dunmow Essex Great Torrington Devon Great Yarmouth Norfolk Greater Willington Durham Grimsby Lincolnshire Guildford Surrey Guisborough North Yorkshire Hadleigh Suffolk Hailsham East Sussex Halesowen West Midlands Halesworth Suffolk Halifax West Yorkshire Halstead Essex Haltwhistle Northumberland Redenhall with Harleston Norfolk Harlow Essex Harpenden Hertfordshire Harrogate North Yorkshire Harrow Greater London Hartland Devon Hartlepool Durham Harwich Essex Harworth and Bircotes Nottinghamshire Haslemere Surrey Haslingden Lancashire Hastings East Sussex Hatfield Hertfordshire Hatherleigh Devon Havant Hampshire Haverhill Suffolk Haxby North Yorkshire Hayle Cornwall Haywards Heath West Sussex Heanor and Loscoe Derbyshire Heathfield East Sussex Hebden Royd West Yorkshire Hedge End Hampshire Hednesford Staffordshire Hedon East Riding of Yorkshire Helmsley North Yorkshire Helston Cornwall Hemel Hempstead Hertfordshire Hemsworth West Yorkshire Hendon Greater London Henley-in-Arden Warwickshire Henley-on-Thames Oxfordshire Hertford Hertfordshire Hessle East Riding of Yorkshire Hetton Tyne and Wear Hexham Northumberland Heywood Greater Manchester Higham Ferrers Northamptonshire Highworth Wiltshire High Wycombe Buckinghamshire Hinckley Leicestershire Hingham Norfolk Hitchin Hertfordshire Hoddesdon Hertfordshire Holbeach Lincolnshire Holsworthy Devon Holt Norfolk Honiton Devon Horley Surrey Horncastle Lincolnshire Hornsea East Riding of Yorkshire Hornsey Greater London Horsforth West Yorkshire Horwich Greater Manchester Houghton Regis Bedfordshire Howden East Riding of Yorkshire Huddersfield West Yorkshire Hungerford Berkshire Hunstanton Norfolk Huntingdon Cambridgeshire

Wednesday, July 25, 2012

Addressing Challenges in the UK Housing Market - Property118

Addressing Challenges in the UK Housing Market - Property118
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Published 15/07/2012 News Sourced by Property118 News Team Countrywide, the UK’s largest property services Group, today launched its report addressing challenges in the UK Housing Market, urging Government to consider six solutions to help boost the ailing housing market: 1. Set minimum and meaningful mortgage lending targets. 2. Actively address the structure of the UK house building sector and restrictive planning laws. 3. Align tax receipts from the housing sector with long-term investment and incentives. 4. Review the outdated thresholds and ‘slab’ mechanism of the SDLT system. 5. Seek out measures to reduce house price volatility. 6. Consult and engage constructively with the UK housing industry. Grenville Turner, Chief Executive of Countrywide, said: “We are asking Government to take decisive action to get our nation’s housing market in order and help home buyers and tenants by enabling developers, investors, homeowners and landlords, thereby fuelling economic growth in the UK. “ “A healthy housing sector is crucial to the UK economy and working with the housing industry needs to be at the forefront of Government’s agenda. The total tax proceeds foregone due to the current shortage of housing supply and low transaction levels is in excess of £7 billion a year.“ “More appropriate credit is urgently required in the housing market, but lending volumes for house purchases are only one third of what they were five years ago[1].” “More houses at the right price are needed in the right places. By the end of 2012, there will be 400,000 more households in the UK than there has been housing built [2]; however no comprehensive Government plan of action is in place to contend with this.” “Property taxes and investment in UK Housing plc need to be aligned. The current tax take from Stamp Duty is almost four times as much as the annual spend by the Homes and Communities Agency on building affordable housing.” “Stamp Duty for sub-£250,000 properties should be removed in order to boost housing market activity at a time where higher deposits are required to obtain a mortgage, as only 13% of Stamp Duty comes from properties worth less than £250,000[3].” “House prices must be aligned with wage inflation and deflation, as excessive levels of house price volatility only benefits a small proportion of homeowners and undermines the confidence of lenders.” Information sources: [1] Source: Council of Mortgage Lenders. [2] Source: Hamptons International Research. [3] Source: Council of Mortgage Lenders. Read More Property News by Category Latest News, Property Market News by Property118.com News Team No Comments » View the original article here

House Prices Better For First-Time Buyers - KL.FM 96.7

House Prices Better For First-Time Buyers - KL.FM 96.7
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Mobile phone companies have been accused of making £90m a year by legally using "hidden" contract clauses to raise the cost of fixed-rate tariffs during customers' contracts. Bradley Wiggins has told Sky News he is taking it one day at a time as he becomes the first Briton to retain the yellow jersey for a seventh day at the end of the 13th stage of the Tour de France. Thousands of doctors and nurses may be sacked unless they agree to drastic changes to their pay and conditions as hospitals strive to make billions of pounds worth of savings, it has been claimed. Ed Miliband has become the first Labour leader since Neil Kinnock to address the Durham Miners' Gala. The share of UK towns and cities that are affordable to first-time buyers is at its highest in a decade due to the sluggish housing market, a study has found. People taking their first step on the property ladder will find homes within their means in 54% of local authority districts, the highest proportion since 2002 when 64% of districts were within buyers' reach, Halifax found. This is up from 40% a year ago and almost eight times the proportion of affordable districts at the peak of the housing market in 2007, when just 7% were in this bracket. A widening north-south divide was highlighted, with London being the only region where there were no affordable areas found for would-be buyers on average earnings. In contrast, all districts in the north east were within a first-time buyer's grasp. Just 9% of the affordable districts are in the south east, the south west or the east of England, compared with 15% 10 years ago. This means 91% of the affordable districts are in the north east, north west, Yorkshire and the Humber, east Midlands, west Midlands, Scotland, Wales or Northern Ireland, up from 85% in 2002. House prices have been holding up in London, which has had strong interest from overseas buyers, as well as some commuter belt areas, compared with the patchier market in the rest of the UK. House prices in Northern Ireland, for example, which saw a steep increase before the financial crisis, have fallen by around 10% over the last year. Brent in London was named the least affordable district in the UK, where homes cost 8.8 times average earnings, while South Ayrshire in Scotland is the most affordable, with average property prices at just 2.5 times the local annual wage. Districts were deemed "affordable" if the average house price for a first-time buyer there was lower than what someone on typical earnings living there could pay. Local average earnings were multiplied by four and if the average price paid by a first-time buyer was lower than this sum, it was classed as affordable. The study warned that aspiring home owners still face "significant hurdles" amid the uncertain economy. Lenders have been tightening their loan criteria and the Bank of England has said borrowing will get tougher this year, especially for those with lower deposits to put down. Rents have soared as those unable to get on the property ladder have remained trapped in the rental sector. Halifax found the average first-time deposit of £27,857 this year was 1% lower than a year ago, but a huge 59% increase compared with 2002. Londoners need to find the biggest deposits, typically putting down nearly £60,000, while those in Northern Ireland put down the lowest deposits at just over £16,000. Halifax housing economist Martin Ellis said the findings suggested there could be an increase in first-time buyer numbers this year, although this would still be a low level. He said: "This partly reflects the substantial improvement in home affordability for first-time buyers since 2007, following the fall in house prices over the period. "However, the continued uncertainty over the outlook for the UK economy and the difficulties faced by many in raising the necessary deposit remain significant hurdles for those wishing to buy their first home." First-time buyers faced a setback in March with the withdrawal of a stamp duty concession which had been running for two years, leading to a bunch-up in the market as people rushed to beat the deadline. Halifax estimated there were 114,000 first-time buyers in the first six months of this year, a rise of just over a third on the same period last year, with the boost likely to have come from the ending of the concession. However, first-time buyer numbers stand at less than half, when compared with 244,700 buyers during the same period a decade ago. A string of lenders, including Halifax, have recently raised their mortgage rates, and while HSBC announced a five-year fixed-rate mortgage with a record low rate of 2.99%, borrowers would still need a hefty 40% deposit to take it up. The National Association of Estate Agents recently reported that the proportion of sales made to first-time buyers dropped to a seven-month low in May to 17%, well below the "healthy" long-term 40% average. However, the Council of Mortgage Lenders suggested a more positive forecast going ahead, as it saw a bounce back in first-time buyer activity in May, with a month-on-month increase of 43% in the number of loans advanced. Researchers also found that 44% of first-time buyers will now pay stamp duty, compared with just 5% when the exemption on homes worth between £125,000 and £250,000 was in place. The survey used Halifax's own database as well as CML and government studies. View the original article here

Alexander the not so Great

Alexander the not so Great
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15 July 2012 Last updated at 00:09 By Prof Ali Ansari Institute of Iranian Studies, St Andrews University Alexander the Great is portrayed as a legendary conqueror and military leader in Greek-influenced Western history books but his legacy looks very different from a Persian perspective. Any visitor of the spectacular ruins of Persepolis - the site of the ceremonial capital of the ancient Persian Achaemenid empire, will be told three facts: it was built by Darius the Great, embellished by his son Xerxes, and destroyed by that man , Alexander. That man Alexander, would be the Alexander the Great, feted in Western culture as the conqueror of the Persian Empire and one of the great military geniuses of history. Indeed, reading some Western history books one might be forgiven for thinking that the Persians existed to be conquered by Alexander. A more inquisitive mind might discover that the Persians had twice before been defeated by the Greeks during two ill-fated invasions, by Darius the Great in 490BC and then his son, Xerxes, in 480BC - for which Alexander's assault was a justified retaliation. Alexander the Great razed the ancient city of Persepolis But seen through Persian eyes, Alexander is far from "Great". He razed Persepolis to the ground following a night of drunken excess at the goading of a Greek courtesan, ostensibly in revenge for the burning of the Acropolis by the Persian ruler Xerxes. Persians also condemn him for the widespread destruction he is thought to have encouraged to cultural and religious sites throughout the empire. The emblems of Zoroastrianism - the ancient religion of the Iranians - were attacked and destroyed. For the Zoroastrian priesthood in particular - the Magi - the destruction of their temples was nothing short of a calamity. The influence of Greek language and culture has helped establish a narrative in the West that Alexander's invasion was the first of many Western crusades to bring civilisation and culture to the barbaric East. But in fact the Persian Empire was worth conquering not because it was in need of civilising but because it was the greatest empire the world had yet seen, extending from Central Asia to Libya. Persia was an enormously rich prize. Look closely and you will find ample evidence that the Greeks admired the Persian Empire and the emperors who ruled it. Much like the barbarians who conquered Rome, Alexander came to admire what he found, so much so that he was keen to take on the Persian mantle of the King of Kings. And Greek admiration for the Persians goes back much earlier than this. Continue reading the main story Prof Ali Ansari is one of the world's leading experts on Iran and its history. He presents Through Persian Eyes - a three part series on BBC Radio 4 exploring world history from a Persian perspective. Xenophon, the Athenian general and writer, wrote a paean to Cyrus the Great - the Cyropaedia - showering praise on the ruler who showed that the government of men over a vast territory could be achieved by dint of character and force of personality: "Cyrus was able to penetrate that vast extent of country by the sheer terror of his personality that the inhabitants were prostrate before him…," wrote Xenophon, "and yet he was able at the same time, to inspire them all with so deep a desire to please him and win his favour that all they asked was to be guided by his judgment and his alone. "Thus he knit to himself a complex of nationalities so vast that it would have taxed a man's endurance merely to traverse his empire in any one direction." Later Persian emperors Darius and Xerxes both invaded Greece, and were both ultimately defeated. But, remarkably, Greeks flocked to the Persian court. The most notable was Themistocles, who fought against Darius's invading army at Marathon and masterminded the Athenian victory against Xerxes at Salamis. Falling foul of Athenian politics, he fled to the Persian Empire and eventually found employment at the Persian Court and was made a provincial governor, where he lived out the rest of his life. In time, the Persians found that they could achieve their objectives in Greece by playing the Greek city states against each other, and in the Peloponnesian War, Persian money financed the Spartan victory against Athens. Achaemenid soldiers, seen in wall-carvings in Persepolis The key figure in this strategy was the Persian prince and governor of Asia Minor, Cyrus the Younger, who over a number of years developed a good relationship with his Greek interlocutors such that when he decided to make his fateful bid for the throne, he was able to easily recruit some 10,000 Greek mercenaries. Unfortunately for him, he died in the attempt. Soldier, historian and philosopher Xenophon was among those recruited, and he was full of praise for the prince of whom he said: "Of all the Persians who lived after Cyrus the Great, he was most like a king and the most deserving of an empire." There is a wonderful account provided by Lysander, a Spartan general, who happened to visit Cyrus the Younger in the provincial capital at Sardis. Lysander recounts how Cyrus treated him graciously and was particularly keen to show him his walled garden - paradeisos , the origin of our word paradise - where Lysander congratulated the prince on the beautiful design. When, he added, that he ought to thank the slave who had done the work and laid out the plans, Cyrus smiled and pointed out that he had laid out the design and even planted some of the trees. On seeing the Spartan's reaction he added: "I swear to you by Mithras that, my health permitting, I never ate without having first worked up a sweat by undertaking some activity relevant either to the art of war or to agriculture, or by stretching myself in some other way." Astonished, Lysander applauded Cyrus and said: "You deserve your good fortune Cyrus - you have it because you are a good man." Alexander would have been familiar with stories such as these. The Persian Empire was not something to be conquered as much as an achievement to be acquired. Although Alexander is characterised by the Persians as a destroyer, a reckless and somewhat feckless youth, the evidence suggests that he retained a healthy respect for the Persians themselves. Alexander came to regret the destruction his invasion caused. Coming across the plundered tomb of Cyrus the Great in Pasargad, a little north of Persepolis, he was much distressed by what he found and immediately ordered repairs to be made. Had he lived beyond his 32 years, he may yet have restored and repaired much more. In time, the Persians were to come to terms with their Macedonian conqueror, absorbing him, as other conquerors after him, into the fabric of national history. And thus it is that in the great Iranian national epic, the Shahnameh, written in the 10th Century AD, Alexander is no longer a wholly foreign prince but one born of a Persian mother. It is a myth, but one that perhaps betrays more truth than the appearance of history may like to reveal. Like other conquerors who followed in his footsteps even the great Alexander came to be seduced and absorbed into the idea of Iran. Ali Ansari is a professor in modern history and director of The Institute of Iranian Studies at The University of St Andrews, Scotland. View the original article here

Property Market: Four In Ten Renters Unable To Save - Huffington Post UK

Property Market: Four In Ten Renters Unable To Save - Huffington Post UK
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AppId is over the quota AppId is over the quota Four in 10 people living in rental accommodation cannot afford to save anything for a deposit to buy their own home, as high living costs and loan repayments are already swallowing up their cash, a study found today. Just over one in seven people surveyed said they are having to spend more than two thirds of their take-home pay just on their rent, website SpareRoom.co.uk found. A fifth of those questioned cannot see a time when they will be able to get on the property ladder, while a further 17% believe they will have to wait longer than a decade before they are in a position to buy. Some 15% of renters said they are regularly dipping into their savings to make ends meet and this figure rose to 60% for people aged under 30. Almost half (48%) of renters aged under 30 said they still owe more than £10,000 in university fees. Rents have soared over the last year as people unable to get on the property ladder, because they cannot raise a deposit or meet tightening borrowing criteria, have stayed in the rental sector. A recent study from LSL Property Services, which owns chains Your Move and Reeds Rains , found that strong competition among tenants has helped the average rent to rise to £712 a month on average. It found that rents rose at their strongest annual rate in London, where at £1,038 a month they are 4.2% higher than a year ago. SpareRoom director Matt Hutchinson said: "Soaring living costs mean it's a struggle for many households just to keep their heads above water each month, let alone have enough spare cash to put aside towards a deposit. "The survey shows that even those who are squirreling away funds have not managed to save anywhere near enough to buy the property they want. "What's clear is that something has to change. House prices need to fall, mortgage lenders need to offer more assistance to first-time buyers with higher loan-to-value mortgages, and the Government has to accept there is a need for more affordable housing to purchase and affordable rental properties available privately or through housing associations." The SpareRoom study also found that almost a third of people are spending more than half their take-home pay on rent. Eight out of 10 tenants surveyed said they were professional workers in employment, but four in 10 said the sizeable deposit they would need was stopping them getting on the property ladder, while a fifth said house prices are still too high. Some 35% of those surveyed were trying to save for a deposit to buy a house, but of those, four in 10 had saved less than £5,000. The average deposit saved is £12,125, just 7.3% of the average UK house price of £165,738 and well short of the 20% often demanded by lenders. The Bank of England expects borrowers with low deposits will have a particularly tough time getting a mortgage in the coming months, as lenders tighten their criteria amid the weak economy and borrowing becomes more expensive. Almost a half (48%) of those surveyed said they would be happy to rent long-term if there was less "pressure" in the UK to own a home. More than 2,000 people took part in the UK-wide study last month. View the original article here

Tuesday, July 24, 2012

Guaranteed rent | Prices for houses on market see biggest drop in four years

Guaranteed rent | Prices for houses on market see biggest drop in four years
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Guaranteed rent | House sellers have cut their asking prices by the largest amount in the month of July for four years, a study said today. The 1.7% or £4,138 drop comes amid a summer of “miserable” weather for viewing homes and new sellers coming to market are outnumbering actual sales by two to one, according to property search website Rightmove. Typical asking prices for the UK property market tumbled to £242,097 in July, the biggest fall for that month since July 2008, although prices are 2.3% higher than they were a year ago. The fall is also the first monthly drop since January and the biggest since December last year. Strong competition among sellers will make selling a home “challenging” over the summer months, the report warned. The survey comes just days after the Halifax said prices in some parts of Cardiff are back to 2005 levels, while in some areas of Pembrokeshire they are returning to levels seen 12 years ago. But the Royal Institution of Chartered Surveyors (Rics) said the Welsh housing market stayed flat in June, with estate agents blaming banks for the lack of activity. North West Wales estate agent Melfyn Williams said the falling asking prices were an indication of a greater realism on the part of sellers. The co-director of Williams & Goodwin said everything from the bad weather and the Queen’s Diamond Jubilee celebrations to the ongoing crisis in the eurozone have resulted in the market slowdown. Mr Williams, a past president of the National Association of Estate Agents, said: “Basically it’s realism. A lot of sellers have been putting their houses on the market with a little bit of hope in their asking prices. They’re now having to realise that the houses that are selling are the ones where owners are being realistic and pricing to today’s market.” The West Midlands was the only region in England and Wales to record a month-on-month increase in July, with a rise of 2% to reach £191,121. London, which regularly records stronger price rises than the rest of the country, saw the biggest monthly fall, with a 3.6% drop taking asking prices to £460,304. However prices in London are still 6.4% higher than they were a year ago, and the English capital recorded the biggest annual rise of all the regions. The study said sales are running at 56,220 a month on average according to Land Registry figures, while Rightmove, which covers 90% of the market, has seen more than 102,000 homes come on the market in the same period. This means the number of properties coming to market is around double the number of completed sales, and with the distraction of the Olympics and ongoing economic uncertainty, the market will continue to be tough, the report warned. Cardiff University economist professor Patrick Minford said there is a “real problem” in the economy with credit and the interest-rate fixing scandal that’s engulfed Barclays is making the banks still more cautious. Professor Minford, a former adviser to then Tory Prime Minister Margaret Thatcher, said: “They [the banks] are terrified now of court cases and regulatory and political responses. “And, of course, it’s not helped by the general eurozone crisis in the background.” Rightmove director Miles Shipside said: “Those keen to sell this summer have the challenging confluence of miserable viewing weather, the continuing credit crunch plus a sporting distraction of Olympic proportions. “Those who have been on the market for many months might consider the prospects of achieving a sale to be somewhat of an Olympian challenge given that actual sales completions are just half of what they were five years ago. “The weather might not be hot but in most parts of the country the competition to sell is.” The study said the number of unsold homes per estate agency branch is “stubbornly high” at 75, and stock levels have risen for five months in a row as new sellers continue to outstrip the number of homes sold or taken off the market. In the year before the onset of the financial crisis, the number of new homes coming to market outstripped sales by a smaller margin of 25%. View the original article here

Monday, July 23, 2012

A table to eat and write on: the joys of a studio flat - The Guardian (blog)

A table to eat and write on: the joys of a studio flat - The Guardian (blog)
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AppId is over the quota AppId is over the quota There are currently 800,000 more one-person households in New York than there are studio and one-bedroom apartments. Photograph: Joe Raedle/Getty Images The heroine of Loitering with Intent, Muriel Spark's comic novel about the writer's life in 1949 London, is very proud of her one-room dwelling. It has everything Fleur Talbot needs: "A gas ring for cooking, a bed for sitting and sleeping on, an orange box for food stores and plates, a table for eating and writing on." She observes with amusement the reaction of a rich visitor who can't find anything to say except: "Compact, compact, it's really … it's really … I didn't know they had this sort of thing." They did, and they do. A search of Craigslist London shows an assortment of tiny rental flats, some with en-suite bathrooms (not an amenity Fleur was familiar with), washer/dryers, and a concierge service. They are minute, it's true – no amount of creative photography can conceal the proximity of the beds to the stoves or indeed the toilets. But they are also, for the most part, reasonably priced, ranging between £150 and £200 a week. If you're scoffing at the idea that these prices are reasonable, you haven't lived in New York City lately. Renting a decent place here has always been exorbitant but has lately become closer to impossible for all but the very rich; as in London, the financial crash has forced people who'd otherwise buy into the rental market, causing vacancy rates to drop to an all-time low. This means even run-down closets are apt to get snapped up before you can even fill out a rental application. And adding to the problem, at least for single people, is that very few of these apartments were built with one-person households in mind. Zoning regulations meant to prevent landlords from chopping small apartments up into even smaller ones may have prevented enough studios from being built. There are currently 800,000 more one-person households in New York than there are studio and one-bedroom apartments. Decent studios in NYC seem as much an urban legend as alligators in the sewers; everyone has a friend of a friend of a friend who totally saw one once. If and when you do find them, they're often almost as expensive as one-bedroom apartments, which seems to defeat the purpose of their existence. Single New Yorkers have long chafed at the bad maths that means they're sometimes paying twice the rent their coupled-up friends pay; couples can pool their resources and get a nicer place. There's even a term for the premature commitment that casual daters sometimes enter into when they're spurred mostly by the impulse to get away from flatmates: such couples are "Brooklyn married". "Brooklyn divorces", needless to say, are incredibly common. This week New York's billionaire mayor, Michael Bloomberg, caused an uproar when he announced a design competition for a building in Manhattan's square but convenient Kips Bay neighbourhood that will be comprised solely of what he's calling "micro-apartments" – spaces of 250-300 sq ft that will rent at market rates and thereby be a test for future zoning changes. The intention is to create a "new model for development of affordable housing". Estate agents estimate that the units will be rented at "less than $2,000" a month. For an apartment that's only six times larger than a cell at Rikers, this still seems steep, but that's just the tip of the iceberg as far as criticism goes. If micro-apartments catch on, they may well usher in zoning changes that will lead landlords to be able to rent smaller and smaller spaces while still charging whatever the market will bear. Some people may well still prefer living with flatmates to living in a pod. There's also the problem that poor and middle-income families may actually be hurt by the creation of micro-pods for yuppies; they may end up paying proportionately higher rent for larger spaces because of micro-units raising prices in their area. But especially for women who are the modern-day equivalent of Fleur Talbot – young strivers for whom independence is paramount and cohabitation, either with flatmates or a boyfriend, is unthinkable – it's easy to see how a micro-unit might be just the thing. It's harder to romanticise living in such a dwelling in NYC – a Londoner can live in a bedsit and be reminded of Fleur and her ilk, but a New Yorker might be apt to think of SROs – but not impossible; in order to survive here, you have to develop the ability to romanticise just about anything. • Follow Comment is free on Twitter @commentisfree View the original article here

UK rental market in rude health - Assetz News

UK rental market in rude health - Assetz News
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AppId is over the quota AppId is over the quota The housing market is experiencing mixed fortunes, according to research from Experia. The rental sector is blooming, with an additional 58,000 properties being marketed to rent in 2011, compared with the same period in 2010. However, the number of properties for sale fell by 12,000 in 2011. Properties offered for rent went up in every quarter in 2011 when compared with 2010. An increase of 14.46% was seen in the third quarter - the most striking. The research reveals trends in the market, showing that a summer month - May - was busiest for the resale market and those that wanted to invest in property. December proved to be an unfavourable time to put your property on the market. The influx of students requiring accommodation could be the reason for a spike in the rental market in August. Jonathan Westley, managing director of Consumer Information Services at Experian UK & Ireland , said: "This insight shows that homeowners may be using renting as a back-up plan if they are unable to sell or alternatively some may still consider property a long-term investment." Copyright Press Association 2012 Terms of content usage: XML and other types of publication of this article title and the URL of this page are permitted using the RSS feed or other methods. Article content strictly prohibited from duplication on any other site directly other than first paragraph included in the XML feed. View the original article here

Friday, July 20, 2012

Guaranteed rent London | Still time to rent out properties for the Olympics, says lettings specialist

Guaranteed rent London | Still time to rent out properties for the Olympics, says lettings specialist
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With less than two weeks to go until the opening of the 2012 Olympic Games in London there is still for London home owners to cash in on the estimated arrival of 11 million sporting fans, athletes and sponsors over the next two months. According to James Davis, chief executive officer of lettings specialist Upad, as hotels in London are charging such high fees and accommodation is in short supply property owners and landlords can capitalise. ‘Even though the Olympics is just around the corner, I don't think it is too late for landlords to offer up their properties given the fact that there will always be a surge of last minute Olympic visitors looking for a place to rent,’ he said. ‘An Olympic rental property in Covent Garden has recently become the most expensive let in the world, charging £115,000 per week and while the average person would not be able to command such a high price, there is still is huge potential in offering up your home to Olympic visitors as long as prices aren't too crazy,’ he added. He pointed out that UK landlords are faring pretty well right now. The market is currently booming with an increase of 6.34% in the number of rental properties advertised in the UK in the first quarter of 2012, with 35,789 new rental homes on the market in London over the same time period according to the Movers Index published by Experian a leading global information company. However, given the general increase in demand for rental property from UK tenants who cannot afford to buy, landlords have also been benefitting from the vast opportunities for short term lets during the Olympic Games, providing a further boost to the rental market. For home owners contemplating letting their properties during the 2012 Games, the team at Upad have a dedicated Olympic lettings service for £199 plus VAT. For this flat fee Upad will advertise your property on Rightmove, FindaProperty, Zoopla, Gumtree and many more property websites for as long as it takes to secure guests. They help write a property description and even visit the property to take professional photos if the owners want to achieve the best price possible. View the original article here

Area We Cover

Area We Cover
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Do you want the best guaranteed rent letting agent? Please see below for where 3let offer guaranteed rental Where you can get guaranteed rental letting agent by Town name and County Abingdon Oxfordshire Accrington Lancashire Acle Norfolk Acton Greater London Adlington Lancashire Alcester Warwickshire Aldeburgh Suffolk Aldershot Hampshire Alford Lincolnshire Alfreton Derbyshire Alnwick Northumberland Alsager Cheshire Alston Cumbria Alton Hampshire Altrincham Greater Manchester Amble Northumberland Ambleside Cumbria Amersham Buckinghamshire Amesbury Wiltshire Ampthill Bedfordshire Andover Hampshire Appleby-in-Westmorland Cumbria Arlesey Bedfordshire Arundel West Sussex Ashbourne Derbyshire Ashburton Devon Ashby-de-la-Zouch Leicestershire Ashby Woulds Leicestershire Ashford Kent Ashington Northumberland Ashton-under-Lyne Greater Manchester Askern South Yorkshire Aspatria Cumbria Atherstone Warwickshire Attleborough Norfolk Axbridge Somerset Axminster Devon Aylesbury Buckinghamshire Aylsham Norfolk Bacup Lancashire Bakewell Derbyshire Banbury Oxfordshire Barking Greater London Barnard Castle Durham Barnes Greater London Barnet Greater London Barnoldswick Lancashire Barnsley South Yorkshire Barnstaple Devon Barrow-in-Furness Cumbria Barton-upon-Humber Lincolnshire Basingstoke Hampshire Batley West Yorkshire Battle East Sussex Bawtry South Yorkshire Beaconsfield Buckinghamshire Beaminster Dorset Bebington Merseyside Beccles Suffolk Beckenham Greater London Bedale North Yorkshire Bedford Bedfordshire Bedworth Warwickshire Belper Derbyshire Bentham North Yorkshire Berkeley Gloucestershire Berkhamsted Hertfordshire Berwick-upon-Tweed Northumberland Beverley East Riding of Yorkshire Bewdley Worcestershire Bexhill-on-Sea East Sussex Bexley Greater London Bicester Oxfordshire Biddulph Staffordshire Bideford Devon Biggleswade Bedfordshire Billericay Essex Billingham Durham Bilston West Midlands Bingham Nottinghamshire Bingley West Yorkshire Birchwood Cheshire Birkenhead Merseyside Bishop Auckland Durham Bishop's Castle Shropshire Bishop's Stortford Hertfordshire Bishop's Waltham Hampshire Blackburn Lancashire Blackpool Lancashire Blackrod Greater Manchester Blackwater and Hawley Hampshire Blandford Forum Dorset Bletchley and Fenny Stratford Buckinghamshire Blyth Northumberland Bodmin Cornwall Bognor Regis West Sussex Bollington Cheshire Bolsover Derbyshire Bolton Greater Manchester Bootle Merseyside Boroughbridge North Yorkshire Boston Lincolnshire Bottesford Lincolnshire Bourne Lincolnshire Bournemouth Dorset Bovey Tracey Devon Brackley Northamptonshire Bradford-on-Avon Wiltshire Brading Isle of Wight Bradley Stoke Gloucestershire Bradninch Devon Braintree Essex Brampton Cumbria Brandon Suffolk Brentford Greater London Brentwood Essex Bridgnorth Shropshire Bridgwater Somerset Bridlington East Riding of Yorkshire Bridport Dorset Brierfield Lancashire Brierley South Yorkshire Brigg Lincolnshire Brighouse West Yorkshire Brightlingsea Essex Brixham Devon Broadstairs and St Peter's Kent Bromborough Merseyside Bromley Greater London Bromsgrove Worcestershire Bromyard and Winslow Herefordshire Broseley Shropshire Broughton Lincolnshire Broughton-in-Furness Cumbria Bruton Somerset Buckfastleigh Devon Buckingham Buckinghamshire Bude-Stratton Cornwall Budleigh Salterton Devon Bulwell Nottinghamshire Bungay Suffolk Buntingford Hertfordshire Burford Oxfordshire Burgess Hill West Sussex Burgh-le-Marsh Lincolnshire Burnham-on-Crouch Essex Burnham-on-Sea and Highbridge Somerset Burnley Lancashire Burntwood Staffordshire Burton Latimer Northamptonshire Burton upon Trent Staffordshire Bury Greater Manchester Bury St Edmunds Suffolk Bushey Hertfordshire Buxton Derbyshire Caistor Lincolnshire Callington Cornwall Calne Wiltshire Camborne Cornwall Camelford Cornwall Cannock Staffordshire Canvey Island Essex Carnforth Lancashire Carterton Oxfordshire Castle Cary Somerset Castleford West Yorkshire Chagford Devon Chapel-en-le-Frith Derbyshire Chard Somerset Charlbury Oxfordshire Chatham Kent Chatteris Cambridgeshire Cheadle Staffordshire Chelmsford Essex Cheltenham Gloucestershire Chertsey Surrey Chesham Buckinghamshire Cheshunt Hertfordshire Chesterfield Derbyshire Chester-le-Street Durham Chickerell Dorset Chingford Greater London Chippenham Wiltshire Chipping Campden Gloucestershire Chipping Norton Oxfordshire Chipping Sodbury Gloucestershire Chorley Lancashire Chorleywood Hertfordshire Christchurch Dorset Chudleigh Devon Chulmleigh Devon Church Stretton Shropshire Cinderford Gloucestershire Cirencester Gloucestershire Clare Suffolk Clay Cross Derbyshire Cleator Moor Cumbria Cleethorpes Lincolnshire Cleobury Mortimer Shropshire Clevedon Somerset Clitheroe Lancashire Clun Shropshire Cockermouth Cumbria Coggeshall Essex Colburn North Yorkshire Colchester Essex Coleford Gloucestershire Coleshill Warwickshire Colne Lancashire Colyton Devon Congleton Cheshire Conisbrough South Yorkshire Corbridge Northumberland Corby Northamptonshire Corringham Essex Corsham Wiltshire Cotgrave Nottinghamshire Cowes Isle of Wight Cramlington Northumberland Cranbrook Kent Craven Arms Shropshire Crawley West Sussex Crediton Devon Crewe Cheshire Crewkerne Somerset Cricklade Wiltshire Cromer Norfolk Crosby Merseyside Crowborough East Sussex Croydon Greater London Crowland Lincolnshire Crowle Lincolnshire Cullompton Devon Dagenham Greater London Dalton Town with Newton Cumbria Darley Dale Derbyshire Darlington Durham Dartford Kent Dartmouth Devon Darwen Lancashire Daventry Northamptonshire Dawlish Devon Deal Kent Dereham Norfolk Desborough Northamptonshire Devizes Wiltshire Dewsbury West Yorkshire Didcot Oxfordshire Dinnington St John's South Yorkshire Diss Norfolk Doncaster South Yorkshire Dorchester Dorset Dorking Surrey Dover Kent Dovercourt Essex Downham Market Norfolk Driffield East Riding of Yorkshire Droitwich Spa Worcestershire Dronfield Derbyshire Dudley West Midlands Dukinfield Greater Manchester Dulverton Somerset Dunstable Bedfordshire Dunwich Suffolk Dursley Gloucestershire Ealing Greater London Earl Shilton Leicestershire Earley Berkshire Easingwold North Yorkshire East Cowes Isle of Wight East Grinstead West Sussex East Ham Greater London Eastbourne East Sussex Eastleigh Hampshire East Retford Nottinghamshire Eastwood Nottinghamshire Eccles Greater Manchester Eccleshall Staffordshire Edenbridge Kent Edgware Greater London Edmonton Greater London Egremont Cumbria Elland West Yorkshire Ellesmere Shropshire Ellesmere Port Cheshire Elstree and Borehamwood Hertfordshire Emsworth Hampshire Enfield Greater London Epping Essex Epworth Lincolnshire Erith Greater London Eton Berkshire Evesham Worcestershire Exmouth Devon Eye Suffolk Fairford Gloucestershire Fakenham Norfolk Falmouth Cornwall Fareham Hampshire Faringdon Oxfordshire Farnham Surrey Faversham Kent Fazeley Staffordshire Featherstone West Yorkshire Felixstowe Suffolk Ferndown Dorset Ferryhill Durham Filey North Yorkshire Filton Gloucestershire Finchley Greater London Fleet Hampshire Fleetwood Lancashire Flitwick Bedfordshire Folkestone Kent Fordbridge West Midlands Fordingbridge Hampshire Fordwich Kent Fowey Cornwall Framlingham Suffolk Frinton and Walton Essex Frodsham Cheshire Frome Somerset Gainsborough Lincolnshire Garstang Lancashire Gateshead Tyne and Wear Gillingham Dorset Gillingham Kent Glastonbury Somerset Glossop Derbyshire Godalming Surrey Godmanchester Cambridgeshire Goole East Riding of Yorkshire Gorleston Norfolk Gosport Hampshire Grange-over-Sands Cumbria Grantham Lincolnshire Gravesend Kent Grays Essex Great Dunmow Essex Great Torrington Devon Great Yarmouth Norfolk Greater Willington Durham Grimsby Lincolnshire Guildford Surrey Guisborough North Yorkshire Hadleigh Suffolk Hailsham East Sussex Halesowen West Midlands Halesworth Suffolk Halifax West Yorkshire Halstead Essex Haltwhistle Northumberland Redenhall with Harleston Norfolk Harlow Essex Harpenden Hertfordshire Harrogate North Yorkshire Harrow Greater London Hartland Devon Hartlepool Durham Harwich Essex Harworth and Bircotes Nottinghamshire Haslemere Surrey Haslingden Lancashire Hastings East Sussex Hatfield Hertfordshire Hatherleigh Devon Havant Hampshire Haverhill Suffolk Haxby North Yorkshire Hayle Cornwall Haywards Heath West Sussex Heanor and Loscoe Derbyshire Heathfield East Sussex Hebden Royd West Yorkshire Hedge End Hampshire Hednesford Staffordshire Hedon East Riding of Yorkshire Helmsley North Yorkshire Helston Cornwall Hemel Hempstead Hertfordshire Hemsworth West Yorkshire Hendon Greater London Henley-in-Arden Warwickshire Henley-on-Thames Oxfordshire Hertford Hertfordshire Hessle East Riding of Yorkshire Hetton Tyne and Wear Hexham Northumberland Heywood Greater Manchester Higham Ferrers Northamptonshire Highworth Wiltshire High Wycombe Buckinghamshire Hinckley Leicestershire Hingham Norfolk Hitchin Hertfordshire Hoddesdon Hertfordshire Holbeach Lincolnshire Holsworthy Devon Holt Norfolk Honiton Devon Horley Surrey Horncastle Lincolnshire Hornsea East Riding of Yorkshire Hornsey Greater London Horsforth West Yorkshire Horwich Greater Manchester Houghton Regis Bedfordshire Howden East Riding of Yorkshire Huddersfield West Yorkshire Hungerford Berkshire Hunstanton Norfolk Huntingdon Cambridgeshire

Guaranteed Rent all over England

Guaranteed Rent all over England
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Do you want the best guaranteed rent letting agent? Please see below for where 3let offer guaranteed rental Where you can get guaranteed rental letting agent by Town name and County Abingdon Oxfordshire Accrington Lancashire Acle Norfolk Acton Greater London Adlington Lancashire Alcester Warwickshire Aldeburgh Suffolk Aldershot Hampshire Alford Lincolnshire Alfreton Derbyshire Alnwick Northumberland Alsager Cheshire Alston Cumbria Alton Hampshire Altrincham Greater Manchester Amble Northumberland Ambleside Cumbria Amersham Buckinghamshire Amesbury Wiltshire Ampthill Bedfordshire Andover Hampshire Appleby-in-Westmorland Cumbria Arlesey Bedfordshire Arundel West Sussex Ashbourne Derbyshire Ashburton Devon Ashby-de-la-Zouch Leicestershire Ashby Woulds Leicestershire Ashford Kent Ashington Northumberland Ashton-under-Lyne Greater Manchester Askern South Yorkshire Aspatria Cumbria Atherstone Warwickshire Attleborough Norfolk Axbridge Somerset Axminster Devon Aylesbury Buckinghamshire Aylsham Norfolk Bacup Lancashire Bakewell Derbyshire Banbury Oxfordshire Barking Greater London Barnard Castle Durham Barnes Greater London Barnet Greater London Barnoldswick Lancashire Barnsley South Yorkshire Barnstaple Devon Barrow-in-Furness Cumbria Barton-upon-Humber Lincolnshire Basingstoke Hampshire Batley West Yorkshire Battle East Sussex Bawtry South Yorkshire Beaconsfield Buckinghamshire Beaminster Dorset Bebington Merseyside Beccles Suffolk Beckenham Greater London Bedale North Yorkshire Bedford Bedfordshire Bedworth Warwickshire Belper Derbyshire Bentham North Yorkshire Berkeley Gloucestershire Berkhamsted Hertfordshire Berwick-upon-Tweed Northumberland Beverley East Riding of Yorkshire Bewdley Worcestershire Bexhill-on-Sea East Sussex Bexley Greater London Bicester Oxfordshire Biddulph Staffordshire Bideford Devon Biggleswade Bedfordshire Billericay Essex Billingham Durham Bilston West Midlands Bingham Nottinghamshire Bingley West Yorkshire Birchwood Cheshire Birkenhead Merseyside Bishop Auckland Durham Bishop's Castle Shropshire Bishop's Stortford Hertfordshire Bishop's Waltham Hampshire Blackburn Lancashire Blackpool Lancashire Blackrod Greater Manchester Blackwater and Hawley Hampshire Blandford Forum Dorset Bletchley and Fenny Stratford Buckinghamshire Blyth Northumberland Bodmin Cornwall Bognor Regis West Sussex Bollington Cheshire Bolsover Derbyshire Bolton Greater Manchester Bootle Merseyside Boroughbridge North Yorkshire Boston Lincolnshire Bottesford Lincolnshire Bourne Lincolnshire Bournemouth Dorset Bovey Tracey Devon Brackley Northamptonshire Bradford-on-Avon Wiltshire Brading Isle of Wight Bradley Stoke Gloucestershire Bradninch Devon Braintree Essex Brampton Cumbria Brandon Suffolk Brentford Greater London Brentwood Essex Bridgnorth Shropshire Bridgwater Somerset Bridlington East Riding of Yorkshire Bridport Dorset Brierfield Lancashire Brierley South Yorkshire Brigg Lincolnshire Brighouse West Yorkshire Brightlingsea Essex Brixham Devon Broadstairs and St Peter's Kent Bromborough Merseyside Bromley Greater London Bromsgrove Worcestershire Bromyard and Winslow Herefordshire Broseley Shropshire Broughton Lincolnshire Broughton-in-Furness Cumbria Bruton Somerset Buckfastleigh Devon Buckingham Buckinghamshire Bude-Stratton Cornwall Budleigh Salterton Devon Bulwell Nottinghamshire Bungay Suffolk Buntingford Hertfordshire Burford Oxfordshire Burgess Hill West Sussex Burgh-le-Marsh Lincolnshire Burnham-on-Crouch Essex Burnham-on-Sea and Highbridge Somerset Burnley Lancashire Burntwood Staffordshire Burton Latimer Northamptonshire Burton upon Trent Staffordshire Bury Greater Manchester Bury St Edmunds Suffolk Bushey Hertfordshire Buxton Derbyshire Caistor Lincolnshire Callington Cornwall Calne Wiltshire Camborne Cornwall Camelford Cornwall Cannock Staffordshire Canvey Island Essex Carnforth Lancashire Carterton Oxfordshire Castle Cary Somerset Castleford West Yorkshire Chagford Devon Chapel-en-le-Frith Derbyshire Chard Somerset Charlbury Oxfordshire Chatham Kent Chatteris Cambridgeshire Cheadle Staffordshire Chelmsford Essex Cheltenham Gloucestershire Chertsey Surrey Chesham Buckinghamshire Cheshunt Hertfordshire Chesterfield Derbyshire Chester-le-Street Durham Chickerell Dorset Chingford Greater London Chippenham Wiltshire Chipping Campden Gloucestershire Chipping Norton Oxfordshire Chipping Sodbury Gloucestershire Chorley Lancashire Chorleywood Hertfordshire Christchurch Dorset Chudleigh Devon Chulmleigh Devon Church Stretton Shropshire Cinderford Gloucestershire Cirencester Gloucestershire Clare Suffolk Clay Cross Derbyshire Cleator Moor Cumbria Cleethorpes Lincolnshire Cleobury Mortimer Shropshire Clevedon Somerset Clitheroe Lancashire Clun Shropshire Cockermouth Cumbria Coggeshall Essex Colburn North Yorkshire Colchester Essex Coleford Gloucestershire Coleshill Warwickshire Colne Lancashire Colyton Devon Congleton Cheshire Conisbrough South Yorkshire Corbridge Northumberland Corby Northamptonshire Corringham Essex Corsham Wiltshire Cotgrave Nottinghamshire Cowes Isle of Wight Cramlington Northumberland Cranbrook Kent Craven Arms Shropshire Crawley West Sussex Crediton Devon Crewe Cheshire Crewkerne Somerset Cricklade Wiltshire Cromer Norfolk Crosby Merseyside Crowborough East Sussex Croydon Greater London Crowland Lincolnshire Crowle Lincolnshire Cullompton Devon Dagenham Greater London Dalton Town with Newton Cumbria Darley Dale Derbyshire Darlington Durham Dartford Kent Dartmouth Devon Darwen Lancashire Daventry Northamptonshire Dawlish Devon Deal Kent Dereham Norfolk Desborough Northamptonshire Devizes Wiltshire Dewsbury West Yorkshire Didcot Oxfordshire Dinnington St John's South Yorkshire Diss Norfolk Doncaster South Yorkshire Dorchester Dorset Dorking Surrey Dover Kent Dovercourt Essex Downham Market Norfolk Driffield East Riding of Yorkshire Droitwich Spa Worcestershire Dronfield Derbyshire Dudley West Midlands Dukinfield Greater Manchester Dulverton Somerset Dunstable Bedfordshire Dunwich Suffolk Dursley Gloucestershire Ealing Greater London Earl Shilton Leicestershire Earley Berkshire Easingwold North Yorkshire East Cowes Isle of Wight East Grinstead West Sussex East Ham Greater London Eastbourne East Sussex Eastleigh Hampshire East Retford Nottinghamshire Eastwood Nottinghamshire Eccles Greater Manchester Eccleshall Staffordshire Edenbridge Kent Edgware Greater London Edmonton Greater London Egremont Cumbria Elland West Yorkshire Ellesmere Shropshire Ellesmere Port Cheshire Elstree and Borehamwood Hertfordshire Emsworth Hampshire Enfield Greater London Epping Essex Epworth Lincolnshire Erith Greater London Eton Berkshire Evesham Worcestershire Exmouth Devon Eye Suffolk Fairford Gloucestershire Fakenham Norfolk Falmouth Cornwall Fareham Hampshire Faringdon Oxfordshire Farnham Surrey Faversham Kent Fazeley Staffordshire Featherstone West Yorkshire Felixstowe Suffolk Ferndown Dorset Ferryhill Durham Filey North Yorkshire Filton Gloucestershire Finchley Greater London Fleet Hampshire Fleetwood Lancashire Flitwick Bedfordshire Folkestone Kent Fordbridge West Midlands Fordingbridge Hampshire Fordwich Kent Fowey Cornwall Framlingham Suffolk Frinton and Walton Essex Frodsham Cheshire Frome Somerset Gainsborough Lincolnshire Garstang Lancashire Gateshead Tyne and Wear Gillingham Dorset Gillingham Kent Glastonbury Somerset Glossop Derbyshire Godalming Surrey Godmanchester Cambridgeshire Goole East Riding of Yorkshire Gorleston Norfolk Gosport Hampshire Grange-over-Sands Cumbria Grantham Lincolnshire Gravesend Kent Grays Essex Great Dunmow Essex Great Torrington Devon Great Yarmouth Norfolk Greater Willington Durham Grimsby Lincolnshire Guildford Surrey Guisborough North Yorkshire Hadleigh Suffolk Hailsham East Sussex Halesowen West Midlands Halesworth Suffolk Halifax West Yorkshire Halstead Essex Haltwhistle Northumberland Redenhall with Harleston Norfolk Harlow Essex Harpenden Hertfordshire Harrogate North Yorkshire Harrow Greater London Hartland Devon Hartlepool Durham Harwich Essex Harworth and Bircotes Nottinghamshire Haslemere Surrey Haslingden Lancashire Hastings East Sussex Hatfield Hertfordshire Hatherleigh Devon Havant Hampshire Haverhill Suffolk Haxby North Yorkshire Hayle Cornwall Haywards Heath West Sussex Heanor and Loscoe Derbyshire Heathfield East Sussex Hebden Royd West Yorkshire Hedge End Hampshire Hednesford Staffordshire Hedon East Riding of Yorkshire Helmsley North Yorkshire Helston Cornwall Hemel Hempstead Hertfordshire Hemsworth West Yorkshire Hendon Greater London Henley-in-Arden Warwickshire Henley-on-Thames Oxfordshire Hertford Hertfordshire Hessle East Riding of Yorkshire Hetton Tyne and Wear Hexham Northumberland Heywood Greater Manchester Higham Ferrers Northamptonshire Highworth Wiltshire High Wycombe Buckinghamshire Hinckley Leicestershire Hingham Norfolk Hitchin Hertfordshire Hoddesdon Hertfordshire Holbeach Lincolnshire Holsworthy Devon Holt Norfolk Honiton Devon Horley Surrey Horncastle Lincolnshire Hornsea East Riding of Yorkshire Hornsey Greater London Horsforth West Yorkshire Horwich Greater Manchester Houghton Regis Bedfordshire Howden East Riding of Yorkshire Huddersfield West Yorkshire Hungerford Berkshire Hunstanton Norfolk Huntingdon Cambridgeshire

EPC

EPC
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All properties available for sale or to let must have an Energy Performance Certificate (EPC). This provides an energy efficiency rating for a property, and also shows the environmental impact of the building, by indicating its carbon dioxide emissions. [caption id="attachment_301" align="aligncenter" width="480" caption="epc"] [/caption]

Areas Covered

Areas Covered
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3Let's Guaranteed Rent Scheme is available everywhere in England 10 Reasons to choose 3Let for Guaranteed Rental: Fixed Guaranteed Rent No Letting Agent Fees No Late Payments No Eviction Costs No Void Periods No Problem Tenants No Maintenance Calls No Hidden Costs No Maintenance Costs No Stress To find out more about the best Guaranteed Rent Scheme in England Call Now on 020 8694 8098

Requirements to Let

Requirements to Let
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We will ensure that you are aware of your legal obligations on becoming a landlord – and can help you to comply with all current relevant legislation. Gas Safety (Installations and Use) Regulations 1994 (amended 1996 and 1998). When you rent out your property, it is your responsibility to ensure that any gas appliances in the property and gas installation pipe work are safe for the use of the tenant. In order to ensure this, your tenant must be furnished with a record showing that a gas safety check has been carried out. The purpose of this is to safeguard against the risk of carbon monoxide poisoning, and to ensure the wellbeing of the tenant and safety of the property. Electrical Equipment If you decide to leave some electrical equipment for the use of the tenant when you let your property, you must ensure it is safe and of no risk or injury to human or animal. This means that manufacturers have to insert a CE marking on packaging to confirm the appliance has been tested and is safe under the regulations. Once the appliance is 12 months old, the easiest way to ensure the safety of it, is to have a qualified NICEIC registered electrician perform a portable appliance test. This is renewable annually and can also be arranged. Smoke Alarms If you are renting out a property in Scotland, you must ensure that you have a smoke alarm in the property before the tenant moves in. In England and Wales, the Building Regulations require all properties built after June 1992 to have a mains connected smoke alarm. Older properties should have battery operated smoke alarms. Consent to Let If you have a mortgage you must obtain consent from your mortgage lender. If your interest in the property is leasehold, your lease may require you to obtain consent from your landlord prior to sub letting.

Thursday, July 19, 2012

London Locations Guaranteed Rent

London Locations Guaranteed Rent
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Do you want the best guaranteed rent letting agent? Please see below for where 3let offer guaranteed rental in London Where you can get guaranteed rental by London Borough Barking and Dagenham Barnet Bexley Brent Bromley Camden Croydon Ealing Enfield Greenwich Hackney Hammersmith and Fulham Haringey Harrow Havering Hillingdon Hounslow Islington Kensington and Chelsea Kingston upon Thames Lambeth Lewisham Merton Newham Redbridge Richmond upon Thames Southwark Sutton Tower Hamlets Waltham Forest Wandsworth Westminster For all your guaranteed rent letting agent requirements contact 3let guaranteed rental services today on 020 8694 8098

Guaranteed Rent London

Guaranteed Rent London
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Do you want the best guaranteed rent letting agent? Please see below for where 3let offer guaranteed rental in London Where you can get guaranteed rental by London Borough Barking and Dagenham Barnet Bexley Brent Bromley Camden Croydon Ealing Enfield Greenwich Hackney Hammersmith and Fulham Haringey Harrow Havering Hillingdon Hounslow Islington Kensington and Chelsea Kingston upon Thames Lambeth Lewisham Merton Newham Redbridge Richmond upon Thames Southwark Sutton Tower Hamlets Waltham Forest Wandsworth Westminster For all your guaranteed rent letting agent requirements contact 3let guaranteed rental services today on 020 8694 8098

UAE opens new oil pipeline route

UAE opens new oil pipeline route
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The overground pipeline can handle at least 1.5 million barrels of crude a day The United Arab Emirates has opened and begun operating a key overland pipeline which bypasses the Strait of Hormuz. Iran has repeatedly threatened to close the strait at the mouth of the Gulf, a vital oil-trade route. The new 370km (230 mile) pipeline carries oil from fields in the UAE's western desert to Fujairah - a major oil storage hub on the east coast. With initial handling capacity of 1.5m barrels of crude a day, it gives the UAE direct access to the Indian Ocean. The state-run International Petroleum Investment Company behind the project confirmed that the first export shipment was loaded onto a tanker through the pipeline on Sunday, the Associated Press reports. 'Strategic project' UAE oil officials and executives from major oil firms including ExxonMobil, Shell and Total gathered on the country's eastern coast to open the pipeline route. The UAE hopes to increase exports via the new facility to nearly two thirds of the daily 2.4 million barrels it exports. "This is a very strategic project, it gives the options to our clients to transport larger quantities [of oil]," UAE's Oil Minister Mohammed bin Dhaen al-Hamli said, adding that the project provides an "alternative" trade route for oil. Currently, nearly one fifth of the world's traded oil travels via the Strait of Hormuz which Iran has repeatedly threatened to close in retaliation for sanctions over its controversial nuclear programme. Officials repeated the threat again over the weekend. Until now, the UAE - like Qatar and Kuwait - had been entirely dependent on Hormuz to export its crude. View the original article here

Leasing Scheme

Leasing Scheme
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Public Sector | Private Sector Leasing Scheme Guaranteed rent supply top quality accommodation and property management services to private landlords and also to the public sector. We have a market leading private sector leasing scheme and you can take advantage of it now, simply by calling us on 020 8694 8098 or fill in the quick call back form. Following the recent government cuts we understand there is great demand on Public sector bodies to provide high-quality, great value accommodation. This is where guaranteed rent can help you. All our properties are subject to stringent safety checks and require all certificates to be in place before being placed on our guaranteed rental scheme. We aim to exceed minimum guideline to provide tenants with a quality product from the best quality provider, guaranteed rental. By providing tenants with such a quality product the tenant tends to look after the property and be happy in them. We aim to exceed the decent homes standard and housing health and safety standards and provide top quality accommodation. By providing good quality accommodation we can often prevent problems that may otherwise occur. The landlord can rely on us to look after their property. This is verified by the many testimonials that we have received. If you work in the public sector housing area and require properties, we may be able to help you. Please contact us today by calling us on 020 8694 8098 or filling in the quick call back form. So if you are a landlord who wants guaranteed rent or private sector leasing provided by an experience, quality market leading guaranteed rental operator, look no further.

The UK needs a big boost in number of rental properties to cover demand - Landlord Expert

The UK needs a big boost in number of rental properties to cover demand - Landlord Expert
http://bit.ly/Mo70RI
AppId is over the quota AppId is over the quota by 2016 one in five households will be in the private rental sector, action is needed to boost supply If the private rented sector is to meet the increasing challenges being placed on it to satisfy ever increasing demand, maintain standards and prevent rents from rocketing, there needs to be urgent reform of its tax treatment and regulation. The figures speak for themselves. Countrywide, the UK’s largest estate agency and property services group, has shown that across the country in 2011 there was a 24% increase in the number of tenants registering for accommodation in the private rental market with the number of days it takes to re-let a property having fallen in the same period by over a day. In London alone, demand has increased by 35% with properties let almost 3 days quicker. With demand increasing at such a rate without a matching increase in supply it is little wonder that rents, according to LSL Property Services, have increased in the past year by 2.4%. Of particular concern is London, where the average rent now stands at over £1,000 a month, 4.5% higher than last year. Little wonder that Rightmove has reported that a third of tenants are having to use half of their wages or more to pay their rents. With a joint report published by Savills and Rightmove having predicted that by 2016 one in five households will be in the private rental sector, action is needed to boost supply, not least because buy-to-let lending remains at only around a third of levels seen in 2007. As a recent report by Professor Ball of Reading University also points out somewhere between 300,000 and 750,000 properties currently being rented out are held by ‘accidental landlords’. They are being rented only because the owners cannot get the price they want to sell at and many will disappear from the rented stock once market conditions improve. Whilst the Government’s review of institutional investment in the private rental market, headed by Sir Adrian Montague, is a welcome step, it is important to remember that, as the Communities and Local Government Select Committee has rightly noted, “the sector is, and will continue to be, dominated by small companies and individual landlords.” According to Professor Ball’s study, almost 90% of English landlords are private individuals and couples. Policy for growth has, therefore, got to be geared primarily at supporting the army of individuals and couples who rent properties. Private individuals in the PRS are also much faster to respond to investment opportunities and could be ready buyers of new-build properties, which is what they did in the last decade to a considerable extent. The Residential Landlords’ Association (RLA) has been leading the campaign to boost supply and has developed a series of proposals which would achieve this. Firstly, taxation. The CLG Select Committee, the Joseph Rowntree Foundation and Cllr Jonathan Glanz writing for Conservative Home have all argued that reform to the way the sector is taxed is vital to boost supply. The tax treatment of the sector is predicated on rented property being treated as an investment, not a business. This means that there is no incentive in the system for reinvestment and refurbishment, both of which would lead to more properties being available as to well raising standards. To address this, the RLA proposes: Rollover relief for capital gains where the sale proceeds are being reinvested in a property for rent or the property is being sold to a first time buyer. Entrepreneur Relief for CGT would encourage disposals where the proceeds are not to be re-invested. This, together with roll-over relief, would result in an increased churn of properties with more being refurbished.Capital allowance for enhanced repair and refurbishment.Self-Invested Pension Plans (SIPPs) should be allowed to buy residential accommodation for letting. To avoid possible abuse, the letting would have to be via a recognised agent, the property would have to be retained and let for a certain number of years and it would only apply to lower value properties. The CLG Select Committee has called on the Government to give this proposal serious consideration. Combined, these proposals would not lead to a loss of revenue to the Treasury since they would bring many unoccupied properties into use, so generating fresh income, bring forward tax allowances which would otherwise be claimed at a later date and enable a greater turnover of property, thereby boosting stamp duty receipts. Figures from Professor Ball ‘s study show that every £1 invested in the private rental market provides a return to the economy of £3.50 through expenditure on building work, decoration and furniture. As well as VAT receipts from purchases, there would be extra income tax from the employment created. With some 75,000 properties owned by local authorities, housing associations or other public sector bodies lying empty, the RLA is proposing that all publicly owned, empty accommodation should be subject to an auction, where landlords in the private rented sector would be allowed to bid. Sales should be subject to the condition that the property is let within a year of purchase. Through adopting these measures, Ministers would be able to cover both their policy objectives for the sector, thereby preventing rents spiralling out of control due to a lack of supply, but also in raising standards. An increase in supply would ensure tenants would no longer find themselves having to accept the first property they saw. Instead they would be able to make genuine choices about which accommodation they liked, leading to better quality accommodation being offered. View the original article here

Guaranteed rent | Prices for houses on market see biggest drop in four years

Guaranteed rent | Prices for houses on market see biggest drop in four years
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Guaranteed rent | House sellers have cut their asking prices by the largest amount in the month of July for four years, a study said today. The 1.7% or £4,138 drop comes amid a summer of “miserable” weather for viewing homes and new sellers coming to market are outnumbering actual sales by two to one, according to property search website Rightmove. Typical asking prices for the UK property market tumbled to £242,097 in July, the biggest fall for that month since July 2008, although prices are 2.3% higher than they were a year ago. The fall is also the first monthly drop since January and the biggest since December last year. Strong competition among sellers will make selling a home “challenging” over the summer months, the report warned. The survey comes just days after the Halifax said prices in some parts of Cardiff are back to 2005 levels, while in some areas of Pembrokeshire they are returning to levels seen 12 years ago. But the Royal Institution of Chartered Surveyors (Rics) said the Welsh housing market stayed flat in June, with estate agents blaming banks for the lack of activity. North West Wales estate agent Melfyn Williams said the falling asking prices were an indication of a greater realism on the part of sellers. The co-director of Williams & Goodwin said everything from the bad weather and the Queen’s Diamond Jubilee celebrations to the ongoing crisis in the eurozone have resulted in the market slowdown. Mr Williams, a past president of the National Association of Estate Agents, said: “Basically it’s realism. A lot of sellers have been putting their houses on the market with a little bit of hope in their asking prices. They’re now having to realise that the houses that are selling are the ones where owners are being realistic and pricing to today’s market.” The West Midlands was the only region in England and Wales to record a month-on-month increase in July, with a rise of 2% to reach £191,121. London, which regularly records stronger price rises than the rest of the country, saw the biggest monthly fall, with a 3.6% drop taking asking prices to £460,304. However prices in London are still 6.4% higher than they were a year ago, and the English capital recorded the biggest annual rise of all the regions. The study said sales are running at 56,220 a month on average according to Land Registry figures, while Rightmove, which covers 90% of the market, has seen more than 102,000 homes come on the market in the same period. This means the number of properties coming to market is around double the number of completed sales, and with the distraction of the Olympics and ongoing economic uncertainty, the market will continue to be tough, the report warned. Cardiff University economist professor Patrick Minford said there is a “real problem” in the economy with credit and the interest-rate fixing scandal that’s engulfed Barclays is making the banks still more cautious. Professor Minford, a former adviser to then Tory Prime Minister Margaret Thatcher, said: “They [the banks] are terrified now of court cases and regulatory and political responses. “And, of course, it’s not helped by the general eurozone crisis in the background.” Rightmove director Miles Shipside said: “Those keen to sell this summer have the challenging confluence of miserable viewing weather, the continuing credit crunch plus a sporting distraction of Olympic proportions. “Those who have been on the market for many months might consider the prospects of achieving a sale to be somewhat of an Olympian challenge given that actual sales completions are just half of what they were five years ago. “The weather might not be hot but in most parts of the country the competition to sell is.” The study said the number of unsold homes per estate agency branch is “stubbornly high” at 75, and stock levels have risen for five months in a row as new sellers continue to outstrip the number of homes sold or taken off the market. In the year before the onset of the financial crisis, the number of new homes coming to market outstripped sales by a smaller margin of 25%. View the original article here

Poland hit by series of tornadoes

Poland hit by series of tornadoes
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The BBC's Adam Easton in Warsaw says there are reports one tornado was 1km wide One person has been killed and at least 10 others injured during a series of freak tornadoes in northern and western Poland. The extreme winds hits the country's Kujawy-Pomorze and Wielkopolska provinces, destroying 100 homes. Some 400 hectares of trees have also been damaged in Bory Tucholskie forest, a national park and popular tourist destination. Electricity power-lines have also been damaged. The BBC's Adam Easton, in Warsaw, says that though tornadoes are not unknown in Poland, this summer's series of events has been particularly dramatic and weather forecasters have predicted stormy conditions will continue. According to local media reports, a 60-year-old man who was killed died in the village of Wycinki after being crushed beneath his collapsing house. Residents have described hearing a terrifying rumble as the tornado approached. A vast clean-up operation is now under way as people hastily cover up their roofs, fallen trees are removed and power lines are repaired. View the original article here

Addressing Challenges in the UK Housing Market

Addressing Challenges in the UK Housing Market
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News Sourced by Property118 News Team Countrywide, the UK’s largest property services Group, today launched its report addressing challenges in the UK Housing Market, urging Government to consider six solutions to help boost the ailing housing market: 1. Set minimum and meaningful mortgage lending targets. 2. Actively address the structure of the UK house building sector and restrictive planning laws. 3. Align tax receipts from the housing sector with long-term investment and incentives. 4. Review the outdated thresholds and ‘slab’ mechanism of the SDLT system. 5. Seek out measures to reduce house price volatility. 6. Consult and engage constructively with the UK housing industry. Grenville Turner, Chief Executive of Countrywide, said: “We are asking Government to take decisive action to get our nation’s housing market in order and help home buyers and tenants by enabling developers, investors, homeowners and landlords, thereby fuelling economic growth in the UK. “ “A healthy housing sector is crucial to the UK economy and working with the housing industry needs to be at the forefront of Government’s agenda. The total tax proceeds foregone due to the current shortage of housing supply and low transaction levels is in excess of £7 billion a year.“ “More appropriate credit is urgently required in the housing market, but lending volumes for house purchases are only one third of what they were five years ago[1].” “More houses at the right price are needed in the right places. By the end of 2012, there will be 400,000 more households in the UK than there has been housing built [2]; however no comprehensive Government plan of action is in place to contend with this.” “Property taxes and investment in UK Housing plc need to be aligned. The current tax take from Stamp Duty is almost four times as much as the annual spend by the Homes and Communities Agency on building affordable housing.” “Stamp Duty for sub-£250,000 properties should be removed in order to boost housing market activity at a time where higher deposits are required to obtain a mortgage, as only 13% of Stamp Duty comes from properties worth less than £250,000[3].” “House prices must be aligned with wage inflation and deflation, as excessive levels of house price volatility only benefits a small proportion of homeowners and undermines the confidence of lenders.” Information sources: [1] Source: Council of Mortgage Lenders. [2] Source: Hamptons International Research. [3] Source: Council of Mortgage Lenders. Read More Property News by Category Latest News, Property Market News by Property118.com News Team

Wednesday, July 18, 2012

Addressing Challenges in the UK Housing Market - Property118

Addressing Challenges in the UK Housing Market - Property118
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AppId is over the quota AppId is over the quota Published 15/07/2012 News Sourced by Property118 News Team Countrywide, the UK’s largest property services Group, today launched its report addressing challenges in the UK Housing Market, urging Government to consider six solutions to help boost the ailing housing market: 1. Set minimum and meaningful mortgage lending targets. 2. Actively address the structure of the UK house building sector and restrictive planning laws. 3. Align tax receipts from the housing sector with long-term investment and incentives. 4. Review the outdated thresholds and ‘slab’ mechanism of the SDLT system. 5. Seek out measures to reduce house price volatility. 6. Consult and engage constructively with the UK housing industry. Grenville Turner, Chief Executive of Countrywide, said: “We are asking Government to take decisive action to get our nation’s housing market in order and help home buyers and tenants by enabling developers, investors, homeowners and landlords, thereby fuelling economic growth in the UK. “ “A healthy housing sector is crucial to the UK economy and working with the housing industry needs to be at the forefront of Government’s agenda. The total tax proceeds foregone due to the current shortage of housing supply and low transaction levels is in excess of £7 billion a year.“ “More appropriate credit is urgently required in the housing market, but lending volumes for house purchases are only one third of what they were five years ago[1].” “More houses at the right price are needed in the right places. By the end of 2012, there will be 400,000 more households in the UK than there has been housing built [2]; however no comprehensive Government plan of action is in place to contend with this.” “Property taxes and investment in UK Housing plc need to be aligned. The current tax take from Stamp Duty is almost four times as much as the annual spend by the Homes and Communities Agency on building affordable housing.” “Stamp Duty for sub-£250,000 properties should be removed in order to boost housing market activity at a time where higher deposits are required to obtain a mortgage, as only 13% of Stamp Duty comes from properties worth less than £250,000[3].” “House prices must be aligned with wage inflation and deflation, as excessive levels of house price volatility only benefits a small proportion of homeowners and undermines the confidence of lenders.” Information sources: [1] Source: Council of Mortgage Lenders. [2] Source: Hamptons International Research. [3] Source: Council of Mortgage Lenders. Read More Property News by Category Latest News, Property Market News by Property118.com News Team No Comments » View the original article here

London homeowners sit tight as overseas investors eye up Prime London - propertytalk Live!

London homeowners sit tight as overseas investors eye up Prime London - propertytalk Live!
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AppId is over the quota AppId is over the quota The Prime Central London market is seeing persistent demand in the current global economic and financial instability, while supply levels are close to an historic low as homeowners and investors sit on prime assets, reports Cluttons in its Residential Property Forecasts Q2 2012 . These same factors are stimulating demand from investors, particularly from overseas based buyers seeking to secure funds in the prime London residential market. Buyers from Greece, Spain and Italy have a growing presence in the market, with 20% of all buyers in central London currently from abroad. This figure rises to between 35 - 40% for properties valued over £5 million. However, the vast majority of these buyers have a connection with the UK and are making purchases from an informed position. The pace of growth in the London market has slipped over recent months, with activity in the housing market taking a backseat to the Jubilee and the approaching Olympics. The current low volume of homes for sale is likely to persist over the summer which, combined with ongoing uncertainty, means house prices are set to grow by 2 - 3% in 2012. While subdued in historical terms, this is a positive outcome for the market in the current climate. Cluttons anticipates UK house prices will fall by close to 3% this year, followed by a marginal further fall of up to 1% in 2013. Sue Foxley, Head of Research at Cluttons, said: "The central London market remains buoyant, but even London activity is slowing relative to its performance in 2011. The outcome of the current Eurozone crisis is not yet known, which is denting confidence and encouraging London property owners to retain Central London residential assets in the face of instability in the residential markets. At the same time, strong demand from international buyers seeking a safe haven is creating even more competition for homes and sustaining prices. Whatever the outcome of the Eurozone crisis, buyers and investors are demonstrating faith that London is well positioned to see a faster return to growth than most of its European counterparts." The Central London rental market continues to slow following the unsustainably high growth witnessed last year, but despite the current readjustment Cluttons remains positive about the medium term prospects for the sector. Demand is strong and the ongoing difficulties faced by prospective first time buyers in saving for a deposit and securing a mortgage, will support rental values. Cluttons expects rental growth in the prime market will increase by an annualised average of 3% over the next five years to 2016. Have your say on this story using the comment section below View the original article here

Housing market struggles on - Mortgage Strategy

Housing market struggles on - Mortgage Strategy
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AppId is over the quota AppId is over the quota 16 July 2012 | By Henry Brennan The UK housing market continued to struggle in June as demand failed to pick up, according to the latest UK Housing Market survey from the Royal Institution of Chartered Surveyors. Further deterioration in the headline price balance, alongside a fall in all activity indicators, was also attributed to fewer new homes coming onto the market for the second consecutive month. 10 per cent more chartered surveyors reported a fall in new buyer enquiries in June while 12 per cent of respondents reported falls rather than rises in newly agreed sales. RICS chief economist Simon Rubinsohn says: “The housing market did not manage to turn a corner last month and activity remained in the doldrums. Fewer vendors looked to test the market and levels of buyer interest seem to have fallen back since the expiry of the stamp duty deadline earlier in the year.” “Although there is some positivity that the amount of sales going through is going to see an increase, it is unlikely that we will see any real movement until purchasing a property is more affordable and accessible for the likes of first-time buyers.” The long-term outlook continued to deteriorate as 19 per cent more surveyors said they expected prices to continue to fall. Capital Economics says that the fact that new buyer enquiries, at minus 20 per cent, were negative for the second consecutive month in London and were weaker only in the East Midlands and West Midlands might indicate that the big gap between house prices and earnings in the capital is starting to weigh on demand. Capital Economics’ property economist Paul Diggle says: “History would suggest that London is due a period of underperformance relative to the rest of the country, we would not be surprised to see price weakness elsewhere impacting the capital within 18 months or so.” If you enjoyed this article, sign up here to receive daily email updates from Mortgage Strategy and Follow @mortgagestrat!function(d,s,id)var js,fjs=d.getElementsByTagName(s)[0];if(!d.getElementById(id))js=d.createElement(s);js.id=id;js.src="//platform.twitter.com/widgets.js";fjs.parentNode.insertBefore(js,fjs);(document,"script","twitter-wjs"); View the original article here

'Indian summer' for UK economy

'Indian summer' for UK economy
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16 July 2012 Last updated at 07:34 The report says lower inflation will help boost consumer spending The UK economy should enjoy an "Indian summer" after a poor first half of the year, says a leading forecaster. Falling inflation and a pick-up in consumer spending will help the UK return to growth in the second half of the year, the Ernst & Young Item Club says in its latest quarterly forecast. It expects the inflation rate to fall to 1.7% by the end of the year, but overall growth for 2012 to remain flat. The economy will grow by 1.6% in 2013 and 2.6% in 2014, it says. Peter Spencer, chief economic adviser to the Item Club, said: "Spiralling inflation has cut real wages by 7.5% over the last four years, but the squeeze is almost over. "Inflation is now coming back to heel, helped by the chancellor's decision to postpone the increase in fuel duty, falling energy and commodity prices, plus tax changes dropping out of the calculation." As a result, real disposable incomes are forecast to increase by 0.4% in 2012, and by 1.5% in 2013. But despite the expected slight improvement in consumer spending, most people will be focusing on paying down debt, he says, meaning the UK economy will have to boost its exports to return to sustainable growth. The unemployment rate could still hit 8.6% by the end of the year, the report says, and peak at 8.7% in 2013. But as the eurozone gradually gets to grips with the debt crisis, business confidence should return, it says. The Item Club is forecasting business spending to grow by 3.4% in 2012, but says it is unlikely to return to pre-recession levels until 2015. "The prospect of a durable UK recovery remains heavily dependent upon confidence in financial and business communities," says Mr Spencer, "and it is going to take time to re-build. "However, a resolution of uncertainty about the euro could transform the outlook, pushing company spending up much faster than forecast." View the original article here

Rent Guarantee Scheme | Welfare cuts: housing benefit claimants not welcome here - The Guardian (blog)

Rent Guarantee Scheme | Welfare cuts: housing benefit claimants not welcome here - The Guardian (blog)
http://bit.ly/MAg69B
AppId is over the quota AppId is over the quota "No blacks, no dogs, no Irish" was, apparently, a familiar sign hanging by the front doors of 1950's and 1960's boarding houses. In the era of welfare reform and chronic housing shortage, a new category of tenant has emerged that many landlords are refusing to have any dealings with: those in receipt of housing benefit. Hackney Citizens Advice Bureau (CAB) in east London had begun to wonder about this. It had noticed, over the past few months, a steady stream of local people coming to see them for help. Some said they faced eviction, others said it was impossible to find somewhere to live that was affordable within the new, draconian, housing benefit limits. So the CAB decided to investigate. It put together a team of five volunteers on 15 June to carry out a "mystery shopping" exercise to see what the private rental market looked like for people on housing benefit in the east London borough, using two of the main sources of private rented accommodation: the website Rightmove (used by letting agencies) and Gumtree (used by agencies and individual landlords). The findings are remarkable and depressing. They found 1,585 properties for rent in Hackney on that day. Of these, only 143 were affordable within housing benefit limits. That's bad enough. But they also found that of these properties just 14 - or under 1% of the available pool of homes - had landlords who were willing to rent to people on housing benefit. But that was not all. As the CAB explains: When we looked at just the family-sized properties (properties with two bedrooms or more), the picture was even worse. Out of 1,090 family-sized properties (from two to five bedrooms), there were just 36 properties (3%) within the limits and five of those (0.5%) with landlords willing to rent to someone on housing benefit. This picture astounded the CAB, which had originally intended to repeat the survey in six months time, with a view to seeing if the private rental market got tighter as benefit cuts start to impact. But Catherine Dempsey, Hackney CAB social policy coordinator told me she wasn't sure there would be any point: "The market is so narrow now it is hard to see how much narrower it can get." As the CAB adds, with a whiff of understatement: For anyone in receipt of housing benefit and looking for somewhere to live in Hackney right now, prospects are looking pretty daunting at the moment. So why weren't private landlords willing to let to housing benefit recipients? The CAB team found that many adverts simply stated "No DSS" (an interesting anachronism as the Department for Social Security, to which it refers, was abolished 11 years ago and replaced by the Department for Work and Pensions). But even those landlords that didn't openly exclude housing benefit claimants on the advert made it clear, when subsequent inquiries were made, that they "didn't like" them. Hackney CAB explains: Many landlords said they would rent to working people only, seemingly unaware that many people claiming housing benefit are actually in work. When we did find landlords willing to rent to housing benefit tenants, there were some uncomfortable questions being asked at the outset, in one case about nationality and family type. The perception that housing benefit recipients are jobless (and presumably therefore feckless and unreliable) is an pervasive myth, one encouraged by the "scrounger" rhetoric of the media and ministers alike. It's not clear whether stating "no DSS" necessarily breaks any laws, incidentally (for discussion see posts here and here). Either way, an estimated 30% of housing benefit claimants in Hackney are actually in work, but need top up help because of high (and rising) rents, and low wages. Housing benefit is currently paid direct to the landlord, which in theory assuages landlords' fears that tenants would otherwise spend it all on booze and drugs, rather than rent. But that all changes in 2013 under universal credit, when benefits will be paid direct to tenants. Some landlords, says the CAB, are pulling out of the housing benefit market precisely for this reason. Others argue that they cannot rent to housing benefit claimants even it they wanted to, because of conditions attached to insurance policies or mortages. Housing benefit reforms were, of course, expected to drive down rents, according to ministers. But these show little sign of falling in London, where demand is growing by the day (driven in part by housing shortages) and the areas of the capital affordable to housing benefit claimants are shrinking. Meanwhile, Hackney CAB found it is not just landlords that are cashing in on housing scarcity: One advert linked to a site which asked for a registration fee in order to access properties available to housing benefit tenants, with adverts for high-interest credit to raise the required deposit and rent in advance that everyone must pay in order to secure private rented accommodation. Another company linked through from Gumtree was advertising the provision of a deposit for a hefty non-returnable fee. The Green party London assembly member Darren Johnson, who has been keeping a close eye on housing benefit impact in the capital, raised the Hackney CAB findings at mayor's question time on Wednesday: Will you urgently raise the findings of this startling snapshot with the Government and press for a rethink on the benefit caps in order to ensure that residents of Hackney receiving benefits due to low wages, retirement, bringing up children, sickness, disability, or unemployment are able to access a wider choice of properties in their borough? Boris Johnson's written reply is expected by early next week. In the meantime, the housing crisis continues. View the original article here Rents are increasing, why not take advantage of our Rent Guarantee Scheme fill up the quick call back form now..