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3.4 Million PRS Households
May 31st, 2011
The perception of renting in the UK is changing. 3.4 million households now class the Private Rented Sector as home which is an increase of 1.4 million since 2001. Private renting is the only growing tenure type, both owner-occupation and social housing have been in decline for the past ten years. It is estimated that…
Posted in Landlords, Property Market
Rental Market Report
May 31st, 2011
Over the past year supply has continued to drop, as demand increases according to the latest rental index from FindaProperty.com. Samantha Baden, property analyst at FindaProperty.com, said: “In the past couple of years Britain has turned into a nation of renters. The challenges of the property market since 2008 mean that renting has become mainstream…
Posted in Landlords, Property Market
Update on Buy to Let Mortgages
May 23rd, 2011
The Buy to Let market has seen a gradual comeback since the beginning of the year with lenders looking to lend in this area once again. More lenders and subsequently more products have become available and with the margins available on buy to let products it is no surprise that lenders wish to have some foot…
Posted in Landlords, Property Market
Goverment Measures to Improve Energy Efficiency of PRS
May 16th, 2011
As anticipated, the Government has announced plans to introduce measures that will place responsibility for improved energy efficiency of property in the Private Rental Sector on landlords. Energy and Climate Change Secretary, Chris Huhne this week announced plans to introduce regulations to ensure that all landlords face minimum energy efficiency standards under the Green Deal. From…
Posted in Landlords, Property Market
C3/C4 Update
May 14th, 2011
It is my understanding, having spoken with the principal planning officer yesterday afternoon, that should the Article 4 directive secure approval in August 2011, the date by which you must have established use as C4 would be February 24th 2012. However, use established by this date would not be subject to planning permission. Whilst officers…
Posted in Landlords, Property Market