Empty Housing
Through many Government schemes, each political party always states their claim that they are going to bring back empty homes to habitable condition for the neighbourhood. The coalition government is no exception and has just announced that community and voluntary organisations will now be able to bid for Government funding.
The Government also claim this scheme could provide "excellent training opportunities for local people". For example, Youthbuild in Harrogate - the charity purchases empty homes for refurbishment by trainees under the guidance of a mentor. The refurbished properties are rented out to the trainees. This provides employment, training and affordable housing, while also giving young people a long term stake in the local area.
READ ON for more information on 'Council Tax premium' on empty homes
Thursday, 8 December 2011
Wednesday, 7 December 2011
Property Market in the UK v's Heights of 2007
Property Market in the UK v's Heights of 2007
Whatever is happening statistically month on month and year on year, it's important to be aware we are still a long way away from a housing market recovery versus the heights of 2007, apart from some areas in London. Prices remain at least 10% down versus pre credit crunch levels. More importantly the number of people moving is not increasing at all. In fact we are selling up to 60% less homes than pre credit crunch. Building of new homes also remains devastatingly low at just 100,000 homes a year when experts suggest that to accommodate newly formed households, we should be building over 250,000 homes.
READ MORE to find out more about the Private Rental Sector and First Time Buyers
Whatever is happening statistically month on month and year on year, it's important to be aware we are still a long way away from a housing market recovery versus the heights of 2007, apart from some areas in London. Prices remain at least 10% down versus pre credit crunch levels. More importantly the number of people moving is not increasing at all. In fact we are selling up to 60% less homes than pre credit crunch. Building of new homes also remains devastatingly low at just 100,000 homes a year when experts suggest that to accommodate newly formed households, we should be building over 250,000 homes.
READ MORE to find out more about the Private Rental Sector and First Time Buyers
Tuesday, 6 December 2011
What to do if you are a Landlord
What to do if you are a Landlord
If you are a landlord, it is vital to make sure you maximise your rental income. Rents are not likely to continue to increase massively on-going. Rents are typically linked to wages and net income, and as this is being squeezed so much and with a pending recession on the way, there is already evidence that tenants can ‘only pay so much'.
Many landlords tend to try and skimp and save on keeping their property up to date, but this is usually a false economy. Tenants of today are not looking for somewhere cheap to rent for a short period of time, they are looking for a home to rent for some time to come.
READ MORE to find out how to get the best rental price for your property.
If you are a landlord, it is vital to make sure you maximise your rental income. Rents are not likely to continue to increase massively on-going. Rents are typically linked to wages and net income, and as this is being squeezed so much and with a pending recession on the way, there is already evidence that tenants can ‘only pay so much'.
Many landlords tend to try and skimp and save on keeping their property up to date, but this is usually a false economy. Tenants of today are not looking for somewhere cheap to rent for a short period of time, they are looking for a home to rent for some time to come.
READ MORE to find out how to get the best rental price for your property.
Monday, 5 December 2011
What to do if you are a Tenant
What to do if you are a Tenant
If you are tenant, you really need to make sure you are ‘first choice' for landlords. To do this you should be ready to pass referencing and credit checks a landlord or letting agent will require to let the property to you. This means getting letters back quickly from employers to confirm your employment and salary, making sure any credit checks don't highlight any financial problems in the past, and securing a letter of recommendation from your previous landlord if you have one.
Once you have passed the referencing stage, it is vital to have a deposit ready to be paid over to the landlord or letting agent as soon as they confirm you can have the property.
READ ON to find out about how to avoid ROGUE LANDLORDS!
If you are tenant, you really need to make sure you are ‘first choice' for landlords. To do this you should be ready to pass referencing and credit checks a landlord or letting agent will require to let the property to you. This means getting letters back quickly from employers to confirm your employment and salary, making sure any credit checks don't highlight any financial problems in the past, and securing a letter of recommendation from your previous landlord if you have one.
Once you have passed the referencing stage, it is vital to have a deposit ready to be paid over to the landlord or letting agent as soon as they confirm you can have the property.
READ ON to find out about how to avoid ROGUE LANDLORDS!
Friday, 2 December 2011
What's Happening to Rents Winter 2011?
What's Happening to Rents Winter 2011?
The media has been full of news about dramatic rent rises since the summer of 2011, unfortunately this information though is misleading to both tenants and landlords.
The media has been full of news about dramatic rent rises since the summer of 2011, unfortunately this information though is misleading to both tenants and landlords.
Thursday, 1 December 2011
Will the New Build Indemnity Scheme Work?
Will the New Build Indemnity Scheme Work?
For this scheme to work, the lenders will need to be offering better deals than the existing deals 5-6% rates for 95% deals. This initiative can easily be measured over the coming months by two methods.
READ MORE to find out how the initiative can be measured and whether it will work!
For this scheme to work, the lenders will need to be offering better deals than the existing deals 5-6% rates for 95% deals. This initiative can easily be measured over the coming months by two methods.
READ MORE to find out how the initiative can be measured and whether it will work!
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