Market News

27 August 10 - Strong demand for rented property

RICS has reported that the lettings market remains buoyant, as increased tenant demand and a shortage of properties pushes rents higher. >> More

27 August 10 - House sales buck previous months' trend

The number of house sales in the UK in August increased by 0.9% compared to July, according to the latest Agency Express Property Activity Index. >> More

26 August 10 - Coalition Government lets down leaseholders

Flat Living writes to Grant Shapps, Minister for Housing and Local Government, to ask for reconsideration of the government's decision not to proceed with the service charge accounting regulations under the Commonhold and Leasehold Reform Act 2002. >> More

26 August 10 - First-time buyers at highest level since February

The number of first-time buyers increased by 80% in July, according to John Charcol.

>> More

26 August 10 - FTBs flatshare to get on the market quicker

First-time buyers are seeing flatsharing as means of getting onto the property ladder more quickly, according to easyroommate.co.uk. >> More

25 August 10 - Purchase activity still on the rise

Conveyancing Alliance Ltd, the online conveyancing distributor, has today revealed a strong quarterly and year-on-year increase in both purchase instructions and completions, while remortgage activity continues to remain static. >> More

25 August 10 - Mortgage rates 'could soar to 14% in next two years'

Moneyfacts is the latest to issue such a warning – the starkest yet. >> More

24 August 10 - 58% of properties "over-insured"

Assurant Intermediary has warned advisers to ensure that clients are actually ensuring their properties for the correct amount. >> More

24 August 10 - Double dip is 'significant' risk says new MPC member

The new member of the Monetary Policy Committee has warned that Britain faces a “significant” risk of a double dip recession. >> More

24 August 10- Landlord confidence drops in Q2 2010

Landlords’ confidence in buy-to-let has fallen in the last three months, data from the landlord sentiment survey by LSL Property Services. >> More

24 August 10 -Boxing tycoon and wife charged with mortgage fraud and money laundering

A multi-millionaire boxing tycoon, already facing charges of mortgage fraud and obtaining money illegally, has appeared in court again, this time to accompany his wife who faces similar charges. >> More

24 August 10 - Couple conned by sham solicitors over repossessed property

A couple who bought a house that was in the process of being repossessed have spoken out against both the Law Society and the Solicitors Regulation Authority, claiming they “wanted to wash their hands” of the problem. >> More

23 August 10 - New homes for sale at record low in 'nightmare scenario'

The number of new homes listed on property portal SmartNewHomes has fallen to a record low. >> More

23 August 10- London tenants in bidding wars for properties'

Well-paid bankers are pushing up rental demand once more in London’s Canary Wharf.
>> More

23 August 10 - Private landlord service listing on Rightmove "an issue"

A national discount service which puts private landlords and tenants in touch with each other is advertising on all the main property portals, including Rightmove. >> More

23 August 10 - Interest rates could rise to 8% by 2012

The Policy Exchange has warned that interest rates could rise to 8 per cent by 2012 if inflation spirals out of control.. >> More

20 August 10 - Revenue income validation scheme set for autumn start

HM Revenue & Customs has confirmed it is in advanced talks with the Council of Mortgage Lenders about introducing a scheme that allows lenders to verify income. >> More

20 August 10 - Tenants under pressure as rent increases continue

Landlords pushed up rents for the sixth consecutive month, raising them by 0.5% in July, according to the latest Buy-to-Let Index from LSL Property Services. >> More

19 August 10 - Rental values close to floor

The latest RICS Construction Survey suggested that activity across the sector as whole dipped in Q2, said Capital Economics. Encouragingly, however, the slump in public sector construction activity was not mirrored in the private commercial sector.  >> More

18 August 10 - Financial services firm exposed for scams of £23 million

An illegal financial services operation has been uncovered after the company director tried to launder £1.5 million of fraudulent money through the purchase of a manor house in Northamptonshire. >> More

18 August10 - Controversial property tycoons announce £25m loss

A property firm owned by a pair of infamous investment tycoons has recorded a second straight year of losses, running into tens of millions of pounds. >> More

17 August10 - Rent arrears cause repossessions

It follows recent data released by the National Landlords Association (NLA) showing a fifth of private-residential landlords had tenants in rent arrears during Q2 2010. >> More

15 August 10 - Dragons 'never paid up' says Den winner

She was known as the dragon slayer. And when Sharon Wright, a single mother from Scunthorpe, stepped from the 'lair' with more money than she had asked for, it really was a coup. >> More

12 August 10 - Buy-to-let market continues to grow, say CML

The freezing up of the buy-to-let mortgage market that emerged as an unwelcome side-effect of the credit crunch appears to have eased a little, according to the latest buy-to-let survey results from the Council of Mortgage Lenders. >> More

11 August 10 - Rate rise out as Bank calls inflation drop

Interest rates look set to stay at rock bottom for some time after the Bank of England today reassured markets that inflation would fall back well below target within two years. >> More

11 August 10 - Bank governor predicts “choppy recovery"

Britain’s economy is not recovering as fast as hoped, forcing the Bank of England to downgrade its forecast for economic growth by 0.9% for next year. >> More

11 August 10 - Nearly half of tenants expecting rent rises

Nearly half of all tenants are expecting rents to rise in the next 12 months. The proportion (45%) is up 12% on this time a year ago. >> More

11 August 10 - House price falls will continue, say surveyors

Despite today's record £140m sale of a central London flat, house prices generally are starting to fall, says the latest RICS survey. >> More

11 August 10 - £140m flat sale sets a new world record

The world's most expensive flat, in Hyde Park, London, is changing hands at a record-breaking £140m. >> More

11 August10 - New homes industry plunged into fresh turmoil

Housing shortages look set to worsen while the future of housebuilding looks beset with uncertainty after developers made earlier efforts this year to re-stock their land banks.
>> More

10 August 10 - Prices fall for the first time since July 2009, say RICS

The July RICS Housing Market Survey shows more surveyors are now seeing falling rather than rising prices, with the headline price balance slipping from +8 to -8, the first negative reading since July 2009. >> More

10 August 10 - Renters predict 'Year of the Landlord'

Renters will be paying more for their rented accommodation in 12 months' time. That is the opinion expressed by respondents to Rightmove's latest Consumer Confidence Survey.
>> More

09 August 10 - A late tycoon’s loans, a 12.5 million property portfolio and the ‘Saudi princess’

It’s the stuff of crime novels – multi million pound property deals, the occult, exotic royal families, secret fathers – all woven into a mendacious plot that centres around one mysterious woman, 28-year-old Sara Al-Amoudi. >> More

09 August 10 - Police fraud investigator imprisoned for multi-million pound property fraud

A police fraud investigator – who admitted five counts of obtaining property by deception and possession of a false identity – was sentenced to five years and nine months in prison, at Southwark Crown court yesterday. >> More

09 August 10 - Warning sounded over overseas property tax proposals

Recent government proposals on changes to the tax rules on furnished holiday lets (FHL) will also apply to the owners of properties in the European Economic Area if they are UK tax payers, accountants James Cowper has warned. >> More

09 August 10 - Scottish economy continues recovery

The Scottish private sector economy continued its slow and steady recovery in July, according to the latest Bank of Scotland PMI report.  >> More

09 August10 - TDS tells agents to try and settle their own disputes

The Tenancy Deposit Scheme has apologised to its agents over its failure to communicate the enormous price hikes in this year’s subscriptions. >> More

09 August 10 - Bank of England pokerfaced on bank funding

Banks and building societies need to find £765 billion in the next two and a half years to plug the funding gap or else we risk going bust again. >> More

09 August 10 - Mortgage fraud almost quadruples in 2010

Mortgage fraud has nearly quadrupled in value during the first six months of 2010, according to KPMG’s Fraud Barometer. >> More

04 August 10 - UK house prices rose 0.6% in July, say Halifax

House prices increased by 0.6% in July. This modest rise offset the 0.6% fall in June, reveals the latest Halifax House Price Index. >> More

04 August 10 - Prime central London property prices finally dip

Prices for prime London property fell in July by 0.5%, the first monthly decline since March 2009, Knight Frank has reported. >> More

04 August 10 - Asking prices slashed on one-third of all homes for sale

One-third of all properties currently on the market have had their prices cut – by an average of 6.1%. >> More

04 August 10 - Bankrupt football legend probed by police over loan fraud

Former footballer and Scotland captain, Colin Hendry, is being investigated by police following a claim of fraud against him. >> More

03 August 10 - Conman poses as landlord to sell luxury home for £1.4m

A tenant renting a town house in one of Britain’s most expensive neighbourhoods, pretended to be the owner and sold it for £1.47 million, a court heard last week. >> More

03 August 10 - Sham director of property company handed 13 year ban following government investigation

A man who acted as the director of a property company in order to mislead clients into submitting ‘reservation fees’ of up to £4,000 each has been handed a 13-year ban. >> More

02 August10 - Lettings market 'far more attractive' than sales

Letting specialists, Leaders, are strongly urging landlords who are trying to sell - or considering selling their property - to think again. >> More

02 August 10 - Chinese buyers flock to purchase homes in London

London estate agents say Chinese investors are flocking to the capital eager to buy and one has had to recruit Mandarin and Cantonese speakers. >> More

 

click here to read our Market News Archive

 

 

 

 

PDF Application Form

Here you can complete an application form online by clicking on the above link, remember if you have any questions or queries please feel free to
contact us.

Landlord Zone

It's an on-line community, a portal for landlords involved in letting property - novice and experienced alike. It provides free access to information, resources and contacts of value to residential and commercial landlords, tenants, letting agents, property managers and other property professionals.

View Current Offers

To make life easier, www.btl247.com compile a weekly top 10 of the buy to let market covering fixed, trackers, discounts etc, click on the above link to view the latest top 10 deals.

Not all BTL (buy to let) mortgages are regulated by the FSA, www.btl247.com is a trading name of MCC Finance Limited, Co Reg No. 5235724.
MCC Finance Limited is a member of the NACFB, MCC Finance Limited & www.BTL247.com are licensed commercial credit brokers under the OFT, CCL No. 561371.

Your home might be at risk if you fail to keep up mortgage and or secured loan repayments secured against it, detailed illustration available upon request Copying of any content within this site is strictly prohibited © 2007 MCC Finance Limited