Archive for January, 2008
Buy to let is booming in Brighton
Brighton continues to offer something distinctly different for property investors, reports a property advisory company. While cities such as Manchester like to proclaim themselves regional capitals and alternatives to London, Brighton does the opposite, basing much of its appeal on being accessible from the capital and having a London atmosphere. At the same time, it [...]
Landlords urged to prepare for Energy Performance Certificates
From October 1 landlords will be required to make an Energy Performance Certificate (EPC) available to prospective tenants as part of the lettings process. The EPC, which is valid for 10 years, will rate a property’s energy performance and make recommendations about how to improve the energy efficiency of the property. Although landlords are under [...]
Mortgage figures show shift to buy-to-let
The mortgage market in 2007 showed a shift from lending for residential property purchases to buy-to-let borrowing, new figures have revealed. In its December Best Buy Mortgage Tracker, mortgage broker Hamptons International revealed that the proportion of the market taken up by buy-to-let mortgages had increased by nearly 23 per cent, while the residential mortgage [...]
House prices continue to fall
House price inflation in England and Wales dropped sharply in December, according to the Land Registry. Average prices fell by 0.4% in December, bringing the annual inflation rate down from 8.1% in November to 6.7% last month. The December fall was the first decline recorded by the Land Registry since August 2005, although prices grew [...]
Value of Britain’s homes hits new record
Britain’s private housing stock is valued at a record four trillion pounds after house prices grew by almost a tenth last year, new figures show. Halifax, the country’s largest mortgage lender, said the value of the housing stock had risen 9 percent during 2007 and more than tripled in the past decade – from 1.3 [...]
