Highly respected nationwide property services provider, LME Move, has announced expanded storm and flood response team coverage in light of storms Desmond and Eva and now incoming storm Frank.
With so much happening throughout 2015 that will affect landlords and the letting industry as a whole we think that this excerpt below, shared by leicsguaranteedrent and penned by Carolyn Uphill (Chairman of the NLA), is very apt food for thought.
Perhaps a good time to pause and reflect at the close of 2015…
“Welcome to our last newsletter of 2015
After the assaults on Buy to Let landlords in the Budget and Autumn Statement it would seem that the politicians have forgotten what we landlords know, which is that this Christmas millions of individuals and families alike will celebrate in warm, safe homes because an entrepreneurial person has chosen to invest their money to provide a roof over someone-else’s head.
So I wish you and your loved ones a happy and peaceful Christmas, safe in the knowledge that you have done some good, as well as, as prosperous a New Year as the new tax regime will allow!”
From all of us at LM Experts – we truly wish you all a safe and happy festive time and look forward to continuing to support you with breaking news, offers and marketing opportunities in 2016.
Original copy kindly shared by Carolyn Uphill, Chairman of the NLA
Original excerpt kindly shared by leicsguaranteedrent
Researchers from a landlord tax campaign group, who joined forces via the Property118 online forum, believe they have located the source documents behind the discriminatory taxation policies targeting private landlords which are being implemented by Chancellor George Osborne.
The landlord tax grab, which will make the housing crisis worse, was proposed by David Kingman, a non-economist, in a deeply flawed report which he wrote in 2013, the year he left university with a degree in – Geography!
In the Summer Budget the Chancellor (a graduate in History) implemented a recommendation that was in a report from the Intergenerational Foundation, written by David Kingman.
Download the full report produced by David Kingman HERE
Excerpt kindly shared by Property118. Read the full article here
With the rising number of people claiming benefits, there is a great demand for rental properties within the private sector. However, there are not many landlords prepared to consider DSS tenants, even if it means their properties will remain empty for another month(s) to come.
While there are concerns, which are stopping some landlords from letting to benefit claiming tenants, there are also advantages, for those landlords who are willing to put stereotypes aside.
Dedicated to the booming student housing sector, www.StudentProperty.Investments allows investors to search and compare dozens of student accommodation investment opportunities.
The site’s stripped down interface makes it easy to locate the newest and best opportunities in the sector. An innovative smart table allows investors to find and compare properties by yield, terms, buyback or starting prices. Results can quickly be filtered before making an enquiry about multiple listings with a single click. The intuitive, responsive design means that the site is available on the go on any mobile device, offering the most specialised information to the widest possible audience of international investors.
Knight Frank’s latest Prime Country View report highlighted the rise of urban prime in the UK over the past decade. According to the report, prime property values in town and city markets have jumped 26% since 2005, compared to just 7% for rural properties. Whilst rural homes languish at 13% below their 2007 peak, prime city residences have now exceeded their former peak by 3%.
There are many reasons to own a second home in Spain and at this time of year, with the weather closing in in the UK, one of the most tantalising Spanish draws is undoubtedly the weather. According to Holiday Weather, the Costa Blanca enjoys an average temperature of 12°C during December, with an average of just five rainy days in December, compared to an average of 17 days for the festive period in London.
But the weather isn’t the only reason that second home buyers look to Spain over the winter months, as Marc Pritchard, Sales and Marketing Director for leading Spanish homebuilder Taylor Wimpey España, explains…
UK release date: 15 December 2015
• UK house prices increased by 7.0% in the year to October 2015, up from 6.1% in the year to September 2015.
• House price annual inflation was 7.4% in England, 1.0% in Wales, 0.9% in Scotland and 10.3% in Northern Ireland.
• Annual house price increases in England were driven by an annual increase in the East (10.4%) and the South East (9.5%).
• Excluding London and the South East, UK house prices increased by 5.6% in the 12 months to October 2015.
• On a seasonally adjusted basis, average house prices increased by 0.8% between September and October 2015.
• In October 2015, prices paid by first-time buyers were 5.9% higher on average than in October 2014.
• For owner-occupiers (existing owners), prices increased by 7.4% for the same period.
• Average mix-adjusted house prices in October 2015 reached £300,000 in England and stood at £174,000 in Wales, £196,000 in Scotland and £158,000 in Northern Ireland
In yesterday’s Budget, John Swinney, finance minister for Scotland, matched the move made by Chancellor George Osborne in his Autumn Statement and introduced a 3% surcharge on Land and Building Transaction Tax (LBTT, Scotland’s equivalent to stamp duty) for purchases of second homes and buy-to-let property.
The Bank’s governor, Mark Carney, said he was concerned about high levels of lending to landlords and that the Bank would take action. “There are a number of things happening … we are watching it closely and we will take action,” he told the FT. Mr Carney said the problem was that investors might sell their properties at the same time if house prices fell.