Landlord Insurance Headlines
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18
Mar
2010
Residential landlords who are considering increasing the size of their portfolios could be among those to be encouraged by new mortgage lending figures.According to the latest report from the Council for Mortgage Lenders (CML), lending in February increased by six per cent on the previous month.
Continue reading "CML figures show increase in mortgage lending"...
The fact that energy suppliers are not doing more to make customers aware of their best deals is "scandalous".This is the view of consumer advice service Confused.com, which urged energy customers to shop around to get the best deals.
Continue reading "Energy customers urged to shop around"...
17
Residential landlords with financial difficulties could be among those to benefit from a new Mortgage Market Manifesto, which has been published by the Council for Mortgage Lenders (CML).The document calls on the next government to provide a higher standard of support for mortgage customers with financial issues.
Continue reading "CML calls for better financial support"...
Residential landlords who are looking to add to their property portfolios could be among those who are hesitant to enter the market.According to a recent report from the Building Societies Association (BSA), just 49 per cent of potential buyers feel that now is a good time to purchase a home.
Continue reading "Confidence dips among potential property purchasers"...
Long-term investors in the buy-to-let sector have "never had it better", according to one industry body.Mark Garner, managing director at LettingZone, said low interest rates mean those who invested in property some time ago are now benefiting from a "really good" cash flow.
Continue reading "Long-term landlords have never had it better, says expert"...
16
Residential landlords in the UK could be among those affected by a high number of "unsatisfactory" home information packs (HIPs), it has been suggested.A recent study by Birmingham City Council Trading Standards and the Property Codes Compliance Board revealed that 30 per cent of HIPs in the area were not up to regulation standards.
Continue reading "Research uncovers 'unsatisfactory' HIPs"...
Average rents increased by 0.3 per cent last month, according to a new report.Recently-released figures from LSL Property Services also revealed that buy-to-let landlords have seen rents increase by 3.2 per cent over the past 12 months.
Continue reading "Landlords benefitting from rental rise"...
15
Residential landlords offering properties on an all-bills-included basis could be among those to notice energy debts getting worse.National Energy Action (NEA), an organisation that campaigns against fuel poverty, has claimed that that the situation is going to get worse before it improves.
Continue reading "Energy debt set to get worse"...
Government plans to retrospectively increase the threshold for assured short-hold tenancy (AST) agreements are "highly regrettable".This is the view of the National Landlords Association (NLA), which said the retrospective nature of the increase could have "a wide-ranging impact on the letting of private residential property".
Continue reading "NLA - Retrospective AST threshold increase is highly regrettable"...
Residential landlords who have family-sized homes in their portfolio could be among those noticing a rise in demand for their properties, it has been suggested.Estate agent has claimed the higher end of the property market is currently outperforming the lower end.
Continue reading "Higher end of property market is performing well"...
12
Residential landlords in areas of the UK that are affected by flooding could be among those to benefit from a new wave of protection funding from the government.Environment minister Huw Irranca-Davies announced the £2.6 million grant, which will be shared by 34 schemes and protect 534 households with new solutions such as storm porches, door guards and flood boards.
Continue reading "Government releases second round of flood protection funds"...
Insurance companies have paid out large amounts to customers as a result of the severe weather conditions over the past few months.Recently-published figures from the Association of British Insurers (ABI) have revealed that insurance firms paid out £650 million during what was the coldest UK winter for 30 years.
Continue reading "Insurers pay out during big freeze"...
Mortgage customers are facing "tough choices" as the market reaches a "fork in the road".This is the view of consumer advice service moneysupermarket.com, which said new low rate variable deals could be risky.The comments follow the release of new "discount" deals from HSBC and Santander.
Continue reading "Borrowers face 'tough choice' over mortgages"...
11
Residential landlords could be among those to benefit from increased competition among mortgage lenders, it has been suggested.Mortgage Broker Alexander Hall has claimed lower rates can be attributed to growing confidence among lenders.
Continue reading "Competition driving down mortgage rates"...
Residential landlords who are looking to add to their property portfolios could be among those benefitting from high levels of affordability, it has been suggested.Figures from a recent report by Zoopla.co.uk have revealed that housing affordability in the UK is at its highest rate for seven years.
Continue reading "Property affordability at seven-year high"...
10
Individuals with landlords insurance need to be prepared for possible future legislation requiring all residential landlords to become part of a national register.Writing to the Liverpool Post, Action Group general secretary Richard Globe stated that, should they win the general election in May, Labour is likely to implement its plans for a national landlords register in addition to strengthened regulations for residential letting agencies.
Continue reading "Letting industry needs 'complete overhaul'"...
The buy to let property insurance market may begin to pick up following a difficult 18-month period.This is the suggestion of the Residential Landlords Association (RLA), which reports that lenders could soon lower both interest rates and required deposit amounts.
Continue reading "Buy to let market beginning to improve, RLA says"...
9
Residential landlords who are considering adding to their portfolios could be among those to be encouraged by renewed confidence in the mortgage market.Ben Wilkie, editor of industry publication What Mortgage, said increased confidence in the housing market has led to greater flexibility among lenders.
Continue reading "Increased confidence in the housing market"...
This year is going to be a good one for residential landlords in the UK, it has been suggested.Iammoving.com, the UK's only free online change of address service, said that landlords can expect a buoyant rental market over the next 12 months.
Continue reading "2010 to be 'a good year' for landlords"...
Residential landlords in the UK could be losing money as a result of unclear contracts and scams by management companies, it has been suggested.Agent Base Lettings and Management said landlords in Lincoln are losing £200,000 due to "sneaky rental contracts".
Continue reading "Landlords losing out to 'unethical practices'"...
8
Residential landlords could be among the homeowners in the UK that will need to retrofit energy-efficient systems if the country's CO2 reduction targets are to be met.This is the view of whatgreenhome.com, which said retrofitting will be important if the UK is to reduce carbon emissions by 80 per cent over the next 40 years.
Continue reading "Retrofitting 'critical' in bid to meet CO2 targets"...
The benefits of taking up the offer of a government loan for energy-saving home improvements could be negligible, it has been claimed.Consumer advice service Confused.com said the benefits from the scheme will depend on how energy-efficient a person's house already is.
Continue reading "Savings will depend on existing efficiency, expert claims"...
House prices in the UK have fallen for the first time in seven months, a new report has revealed.According to the latest House Price Index from the Halifax building society the average property price fell by 1.5 per cent in February.The figure represents the first decrease in the index since June last year.
Continue reading "Report reveals decrease in house prices"...
5
Funding for mortgages is to remain restricted over the next few months, it has been suggested.The Association of Mortgage Intermediaries (AMI) has warned that limited funds will be available to landlords and potential house buyers until after the general election.
Continue reading "AMI - Funding for mortgages to remain restricted"...
Residential landlords in the UK could be among those to be interested in recent price cuts announced by a household energy supplier.Landlords who offer properties on an all-bills-included basis could save four per cent on their dual energy bills with the new tariff being offered by Scottish and Southern Energy.
Continue reading "Energy supplier announces price cuts"...
A number of mortgage customers in the UK are completely unaware of the interest rates on their loans, new research has shown.Figure recently published by the Post Office have revealed that at least three million British borrowers do not know the rate they are currently paying.
Continue reading "Borrowers in the dark about mortgage rates"...
4
Residential landlords with buy-to-let mortgages could be among those to continue to benefit from lower interest rates for the rest of the year, it has been claimed.Economic research consultancy Capital Economics has claimed that the Bank of England's Monetary Policy Committee is unlikely to increase its base rate during the rest of 2010.
Continue reading "Interest rate is 'likely to be maintained'"...
Banks must continue to lend money if the fall in mortgages is to be alleviated, it has been claimed.Independent advice service MyMortgageDirect has said that pressure on banks to approve loans could negate the drop in mortgages brought about by the end of the stamp duty holiday and the adverse winter weather in the UK.
Continue reading "Banks must lend to tackle mortgage fall, expert claims"...
The National Landlords Association (NLA) has come out in support of the government's plans to encourage homeowners to make energy-efficient improvements to their homes.According to the organisation, the new "green loans" schemes should "greatly" benefit both residential landlords and tenants in the private rented sector.
Continue reading "NLA backs government 'green loans'"...
3
The UK's private rented sector is set to grow in the future, a new report has suggested.The latest News and Views report from the Council of Mortgage Lenders (CML) has claimed that home ownership is likely to account for a smaller section of the housing market, with the majority of potential house buyers moving onto the private rented sector instead.
Continue reading "Is the private rented sector set to grow?"...
British residential landlords could be among those to benefit from the government's new Pay As You Save energy scheme, it has been suggested.According to the government, the green projects will see around seven million UK homes upgraded with energy-efficient devices over the next ten years.
Continue reading "Government green strategy to benefit seven million homes"...
Residential landlords that offer properties on an all-bills-included basis could be among those to be shocked about new information on gas prices.A recent report from price comparison service moneysupermarket.com has revealed that the price of household gas is currently at a ten-year high.
Continue reading "Gas prices at ten-year high"...
2
The recent upward trend, which has seen property prices rise in the UK, is set to slow, it has been claimed.Paul Holmes, chief executive of property specialist Firstrung, has estimated that prices are set to decline by up to 15 per cent over the next 14 to 18 months.
Continue reading "House price rises are set to slow"...
Residential landlords in the UK could be among those to be interested in new information regarding Britain's "cheapest energy supplier".Price comparison service uSwitch.com has revealed that the current cheapest supplier is not one of the so called "big six".
Continue reading "Britain's cheapest energy supplier unveiled"...