Buy to let market running out of steam
The CML has today revealed that the UK buy to let market has rebounded strongly from post-credit crunch levels although it would appear to be running out of steam. The number of buy-to-let mortgages agreed increased by 13% in the second quarter of 2010 with around 25,000 confirmed. While these figures are welcomed by investors in the buy to let market they are just around 25% of the business levels seen prior to the credit crunch and the worldwide economic downturn.
There is no doubt that the buy to let market is "over the worst", at least in the short-term, but with many experts predicting difficult times for the UK economy and a difficult period for the property market it will do well to maintain current growth levels. Indeed even the CML believes that there are signs that the sector is easing back although how far it will fall remains to be seen. It is also worth noting that a large number of buy to let investors of years gone by have now left the market, many having been forced to sell on their properties at knockdown prices. The buy to let sector enjoyed something of an Indian summer for much of the first decade of the 2000s although whether these "good times" will return again remains to be seen.
Student flats scam proving a disaster
While the life of a student can be one of small budgets and wafer thin expenses, an ongoing student flats scam is proving a disaster for many. Fraudsters are using the Internet to attract students to "cheap properties" and asking them to forward their bank details or send money to secure a deal for the property. However, many students have found out these properties do not actually exist and when...Read More
Using your SIPP for property investment
Here's how you can cash-in on one of the longest standing advantages of having a SIPP - buying commercial property. There are just a few things you'll need to know. There are some great advantages associated with doing this; • Growth of the property will be free of capital gains tax and it will be free of inheritance tax on death. • Any rental income you make from the pr...Read More
What will happen when more properties come onto the market?
As we have covered over the last few weeks, a number of property experts believe that the UK property sector is set to move higher in the latter part of 2009 and may actually move into positive ground compared to prices at the start of the year. However, cynics suggest that much of the increase in the "average price of a UK home" is primarily because of a shortage of quality homes on the market wh...Read More
UK pensioners looking to unlock property equity
Despite the fact that more and more people have been increasing their mortgage payments, to take account of low interest rates, over the last two years, there is concern that many pensioners in the UK have in fact been reducing their equity stakes to pay off debts. This is a worrying trend and one which the UK government is acutely aware of with concerns about the potential consequences in the lon...Read More
House price increases at three year high
03/10/2013 The renewed faith in the housing market has been reflected by reports from the Halifax that house prices are rising at their fastest rate in three years due to increasing demand for properties. The average UK house price in the three months to September was £170,733, 6.2% higher than a year earlier and the highest rate since June 2010. The Halifax claimed that the increased deman...Read More