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Mortgage lending fell in August

Mortgage lending in August fell on July levels and the same period last year. According to the British Bankers Association, during August only 31,767 home loans were approved representing a 16 month low. Although more properties are reported to be on the market buyer demand remains weak fuelling speculation that a significant fall in house prices is inevitable. The chief UK and European... Read more

Posted by Dan @ Upad on September 24th, 2010 in Property Rental

FSA mortgage changes ‘to protect amateur landlords from themselves’

The Financial Services Authority (FSA) yesterday published its long awaited report into the future of the mortgage industry. It proposes much tighter controls on lending and a new emphasis on affordability. Self-cert mortgages banned As expected, self-certification mortgages, where the borrower does not have to prove their income, are to be banned. The FSA said that loan to value ratios,... Read more

Posted by James @ Upad on October 20th, 2009 in Property Rental

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Is this just another tax for landlords?

  And as if things weren’t bad enough for buy-to-let investors, new proposals put forward by the government to try and weed out undesirables would cost honest landlords even more money.   Under the scheme, a national register of landlords would be set up, requiring anyone renting out a property to sign up, paying a £50 fee for the privilege - ostensibly to cover administrative... Read more

Posted by James @ Upad on May 21st, 2009 in Landlord Tax, Property Rental

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Has the buy-to-let bubble finally burst?

  At the turn of the millennia, one in four mortgages in London was buy-to-let. Low house prices and large disposable incomes meant that investment in property was a no-brainer for many people. As house prices rose, more and more people became unable to venture onto the property ladder, leading to greater demand for rental opportunities. The landlords were happy and there was plenty of choice... Read more

Posted by James @ Upad on May 19th, 2009 in Property Rental

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