House prices increased by 0.5% month-on-month in May Annual rate of price inflation drops from 10.5% to 9.8% Prices up 12.2% since February 2009 trough Headlines April 2010 May 2010 Monthly index * Q1 ’93 = 100 334.0 336.0 Monthly change* 1.1% 0.5% Annual change 10.5% 9.8% Average price £167,802 £169,162 * seasonally adjusted Commenting [...]
Posts under ‘Buy To Let’
Buy-to-let market grows for first time in two years – Council of Mortgage Lenders
Nov 09 Gross lending in the buy-to-let mortgage market grew in the third quarter for the first time in two years, according to data published today by the CML. At £2.1 billion, lending was 10% higher than in the previous three months. The third quarter also saw a similar first increase in two years in the number [...]
Self-cert proposals won’t be detrimental to the self-employed – Lesley Titcomb FSA
Speech by Lesley Titcomb, Director of Small Firms and Contact Centre, FSA Mortgage Business Expo 11 November 2009 Good morning, it is a pleasure to be back at Mortgage Business Expo. I would like to thank the Association of Mortgage Intermediaries (AMI) for inviting me to speak and for hosting this session and I’d also [...]
FSA proposal for regulation of Buy-To-Let causes growing concern
Costs of buy-to-let regulation must not be passed on to landords 19 Oct 2009 The National Landlords Association (NLA), the UK’s leading representative body for private-residential landlords, has expressed concern that the regulation of buy-to-let will mean increases in the costs of borrowing for landlords. Although increased protection for smaller, less experienced landlords may be [...]
Legal risk to property investors
Off-plan buyer Euan Robertson: “The time the final brick was laid we were living in a very different world” Investors hit by the downturn who choose not to complete property deals can still be forced to buy after court orders, lawyers have warned. By Kevin Peachey Personal finance reporter, BBC News Many buyers who agreed [...]
Buy-to-let fraud hits thousands
Detectives are investigating one of Britain’s biggest buy-to-let schemes in which large numbers of investors have seen their savings wiped out. They fear thousands of people who sought to cash in on the buy-to-let dream during the boom years of 2004 to 2007 may turn out to have been victims of organised fraud. The Sunday [...]
Inside Track – The Story
Congratulations go to Guardian reporter Tony Levene for investigating the background to Inside Track. Experienced property investors had been waiting for some time for the wheels to come off this organisation. Champion of buy-to-let boom succumbs to credit crunch · School for ‘property millionaires’ collapses · Mortgage famine hits sales in UK, US and Spain [...]
Inside Track Reported to be in Administration
Administration for Inside Track say Mortgage Solutions Inside Track, a firm specialising in property seminars, has gone into administration. Link to original article However, its sister company, buy-to-let broker Fuel Investments, is said to be unaffected by the development. A taped message on the Inside Track’s phoneline states that the move has been forced by [...]
Inside Track – Investors suffer as Buy-to-Let backfires
If it looks too good to be true… walk away… The golden rule with property investment and development is research, research and more research and of course the oft used phrase of location, location and location. If a new build developer or selling agent offers you a discount from so called "normal price" simply ask [...]