Archive for February, 2008
Buy to let market still thriving
The buy to let property market is still thriving, according to the Council of Mortgage Lenders (CML).
The number of buy to let loans rose by 23% last year, taking their number to 1,038,000 and accounting for 10.3% of all outstanding mortgages.
This lending picked up in the second half of the year at a time when […]
Rising Rents Boost Buy To Let
Landlords have been able to hike rents thanks to strong demand from would-be buyers deserting the sales market.
With rental income on the rise yields, which have been hovering around the six per cent mark for several years, grew by 0.1 per cent over January to reach 6.3 per cent, their highest level since March 2006.
A […]
New year brings optimism to the property market
Members of the National Association of Estate Agents (NAEA) reported a positive start for the New Year as recent figures from the monthly housing market survey indicate a new sense of optimism from consumers for 2008.
Agents reported that the number of buyers on books, sales agreed and houses available rose throughout January. What’s more, first […]
HMRC launches crackdown on buy to let landlords
HM Revenue & Customs has launched a crackdown on the buy to let market, doubling its efforts to track down amateur landlords who are not paying tax on earnings from their second property.
This week, HMRC sent hundreds of letters to individuals who it believes may not have declared their buy to let properties on their […]
City is one of the UK’s best property hotspots for property investors
York is one of the best property hotspots in Britain to make a property investment - despite of gathering economic storm clouds.
The city is listed second only to Cambridge in a top 20 of property hotspots where property buying is a “failsafe” investment.
There is the relative ease with which commuters can reach other towns and […]
