MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE By Sir Nigel Wilson Published: 00:01 GMT, 29 October 2023 | Updated: 15:38 GMT, 29 October 2023 More than a million people are on the waiting list for homes, yet British houses have millions of unused bedrooms. Too many properties are energy-inefficient and … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Prudent investors will also need a cash reserve for maintenance costs and unexpected gaps in rental income, says Robert Jones of Property Investments UK. He said: “We recommend investors have a separate pot for surprise costs. In the best case scenario this would … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE After you have completed, you can move into your new home, or begin any work on the property you are hoping to complete before taking up residence. Despite all of the organising and admin you’ve already done, this part of the process calls … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE While high street lenders can usually only loan up to 4.5 times the income of an applicant, high net worth individuals are not tested in the same way. It means private banks are able to consider other assets, such as stocks and shares … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE One of Britain’s biggest housebuilders has issued a profit warning after high inflation and rising interest rates piled pressure on the property sector. Crest Nicholson warned on Monday that full-year profits are forecast to hit £50m, down from analyst expectations of £73.7m, as … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Just 8pc said they planned to increase the size of their portfolios. Experts say it is exacerbating an already spiralling rental crisis. Ben Beadle, chief executive of the National Residential Landlords Association, said: “The Government must reverse its damaging tax hikes on the … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Sutton, south London, has proved a particularly popular destination for these buyers – the main attractions being a string of good quality schools in the area, including Sutton Grammar and Nonsuch High School for Girls, as well as relatively affordable house prices and … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE It may be possible to apply for a refund of the surcharge beyond the three-year rule in cases where you purchased your new home on or after 1 January 2017 and were unable to sell your previous home within three years after this … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE A stylish city centre apartment in a landmark building, a homely suburban family semi, a traditional terraced cottage. When it comes to the “typical” average-priced British home, well, there really isn’t any such thing. The UK’s average house price currently stands at £303,557, … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE He added: “The continued weak reading for the new buyer enquiries metric is indicative of the challenges facing prospective purchasers against a backdrop of economic uncertainty, rising interest rates and a tougher credit environment.” Buyer inquiries fell in every region of the UK … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The rise of the ‘guppies’ giving up on homeownership . MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE House prices have fallen for the fourth month in a row, leaving them around £9,000 below last year’s summer peak. The average cost of a property declined by 2.4pc in the year to July, according to the Halifax house price index, having dropped … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE “If rates go up you can stick with the deal you arranged or if they reduce, switch to a cheaper one.” Steve Humphrey, director of brokerage The Mortgage Pod, said he is seeing a surge in uptake of two-year fixed rates or for … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE One in ten rental homes will be lost by the end of the year if landlords continue to sell at the current rate, analysis suggests. Britain’s rental sector has lost an estimated 127,000 properties since 2022 as landlords sell up in the face of … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The average time taken for the property to be repossessed after the issue of a claim by a landlord is 21 weeks, according to Bindmans LLP. Landlord possession claims also increased by 42pc between September and December last year, the law firm found, … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE If a buyer takes out a typical £200,000 mortgage loan with a 25-year term and pays an average of 5pc interest across the period, they will ultimately pay £350,754 to their bank over the course of their loan – a total of £150,754 … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Removing invasive plants can cost around £4,000 depending on the extent of the issue, according to Checkatrade, but there may also be a repair bill for any structural damage. The spread of these plants can also cause disputes with neighbours, and between buyers … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Last spring Guy and Harry Dixon-Smith moved into their first home, a three-bedroom flat in Hackney Wick. The brothers were given a leg up onto the property ladder by their sympathetic parents, who understood that high (and rising) rents in the capital meant … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The maximum extra Scottish councils can charge is 100pc, and in Wales the Labour-led Government has allowed councils to charge an even greater 300pc. In England, councils can charge more than a 100pc premium if the property is left empty for longer than four years. So, a … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Councils are not allowed to generate a profit from these schemes under EU rules, and any income is meant to be ring-fenced. It is unclear, however, what happens to any surplus left over after the scheme is finished. Yesterday, a fourth Labour-led council, … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE This, industry experts have said, is because longer-term products currently available in the UK aren’t easily portable or penalty-free – making them less flexible for younger homeowners who may want to move before the term is up. In June 2022, after rates had … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The Labor Government in Wales has also approved powers to increase council tax on holiday homes up to 300pc from April this year. In England, Mr Gove’s department is also consulting on whether to introduce an annual fee for those with second homes, … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Ross McMillan of Blue Fish Mortgage Solutions, another broker, said average interest rates could fall below 6% by the end of the year. He said: “It seems unlikely that lenders will cut rates significantly in the next few weeks, but positive [Bank of … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE In 10 cases (33 percent), the court found that the rent should remain the same, and in 11 (37 percent) it could be increased, but not as much as the landlord wanted. In one case, the court reduced the rent below the original … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE House prices will fall by 25 per cent if interest rates continue to rise, a leading think tank has warned, after higher borrowing costs caused the biggest drop in wealth since the war. The Resolution Foundation said rising interest rates had wiped out … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE What if I have no savings? Those borrowers with little or no savings still have options. Mr. Gammon said they usually have two routes. One would be to create a future buffer by putting aside a percentage of your income each month. Another … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Robert Gardner, chief economist at Nationwide Building Society, said financial market conditions had been volatile in recent months, reflecting uncertainty about the inflation outlook and changing views among investors on central interest rates. His view is that conditions will remain volatile until a … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE It comes after the Bank of England revealed close on Wednesday million households will see an increase over £500 by the end of 2026 due to rapidly rising rates. The monthly mortgage bills around 250,000 people will see an increase of as much … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Colin Townsend, of John Goodwin Estate Agents in the West Midlands, said: “It feels like the tide is turning.” Mortgage rates hit a 15-year high this week, with the average two-year rate now sitting at more than 6.70 percent, according to Moneyfacts. Borrowing … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The Bank of England’s announcement comes a day after average two-year mortgage rates hit 15-year 6.66 percent. The bank said people were looking to limit the impact of rising interest rates by borrowing for longer terms, with one in 10 new mortgages now … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE “As interest rates continue to rise, leading to further increases in the rate of return linked to the bank’s prime rate … customers are choosing to refinance earlier and spend less time on a higher than expected rate of return compared to previously … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Renters could consider themselves lucky compared to those their age, who recently struggled to get on the ladder at the top of the market – and are now left to deal with punishing mortgage loan hikes. In the early days, home ownership can … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Lucy Karpinski of construction company Vision Development said interest in bungalow conversions increased from 2020 when the government’s permitted development rights changed. She added: “The modest bungalow, which takes advantage of large plots and a large floor plan, offers attractive potential to double … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Two generations of one family – and two very different stories of buying a house in the UK. MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE This means they don’t pay business rates or council tax. Last year, this figure was only 79,150, and the year before 73,000. In Cornwall, Devon, Dorset and Somerset alone, 13,085 new properties started claiming a 100% reduction in business rates in the last … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Interest payments on mortgages are now compounded 16% of their income – the highest level since 2008. Adrian Anderson of broker Anderson Harris said many mortgage borrowers had taken out mortgages for longer terms to compensate for the jump in mortgage rates. According … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE And if landlords have problems, tenants will have problems too, and that needs to be addressed. Providing shelter to another human being comes with a great responsibility, and for the past 20 years we have brushed it off with a light wave of … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Regulations require window sills to be raised at least 1.1 meters from the ground. Previously, the minimum was 800 mm. A government report used to justify the changes warned that “vents that are supposed to be open for longer periods of time to … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE He added: “Of course, if you hang in there and rates come down, you might be fine.” Charlotte Harrison, head of housing finance at Skipton Building Society, said borrowers definitely need to consider the equity in their property and whether they want to … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Earlier this year, Dame Janet reportedly complained to ministers that the SRB had been sidelined and that a government review of Rics was needed. Dame Janet was called into a meeting with Rics management last week and resigned before it happened because she … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Richard Donnell, chief executive of Zoopl, said the fall in prices would continue in the second half of the year as the supply of houses increased. “We still expect house prices to be 5 per cent lower than in 2023, and there is … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE She said: “I don’t want to rely on my parents for anything come February, but I know they would definitely offer help if I needed it again. “Without their help, I wouldn’t be able to afford to live in the area where my … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Mr Hodgkinson said: “Probate sales can take much longer to complete – sometimes around four to five months longer than a normal sale. If you want to move, deciding to buy a property with probate is probably not the way forward.’ However, if … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Now read: How to become a landlord: What you need to know before taking on tenants What you can do if you are faced with a rent increase Do your research If you are in a situation where a proposed rent increase exceeds … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Homeowners with tracker contracts will now pay £464 more per month than in December 2021, when Bank Rate was just 0.1 per cent, according to UK Finance. Borrowers on SVR saw a jump of £295. The average mortgage with a tracker rate is … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Our corrupt public sector has doomed us all. MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE “I’m not sure anyone really cared about our plight at the time, and I don’t think many will care now.” ‘Things will get better today, just like they did for us’ Quercus Robur: “In 1987, rates rose to 16 percent, so we had … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE But pressure from Tory MPs for action is starting to build, with some backbenchers calling for Margaret Thatcher-era tax breaks to help home owners bounce back. Mortgage Interest Withdrawal Relief, or Miras, allowed Britons to claim interest paid on mortgages against their tax … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE If Miras were still in place at a rate of 15 per cent, the average household remortgaging today would save £270 a year, according to broker L&C Mortgages. Joe Stallard, a broker at House and Holiday Home Mortgages, backed calls for MIRAS to … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The partnership, which also owns Waitrose, wants to build apartments above its supermarkets in Bromley and West Ealing as part of the push, with planning applications expected to be submitted shortly. Mr Harris has overseen these efforts and his departure at such a … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Natalie Kempster, Head of Client Offerings at Argentis Wealth Management Mr Blackie is in a good position to save for a deposit on a bigger house, but he is right to be concerned about interest rates and the possibility of falling house prices. … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE To avoid prepayment charges, borrowers can relocate by moving their existing loan to a new property, getting additional advances on that loan, or taking out another loan in addition to their existing one. Ms Hovenko also pointed out that the UK is not … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Young high earners are leaving Britain – and never coming back. MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Again, none of this is a shock. However, the stock is still suffering as the statement came out on the same day as the the latest data on wage growth from the Office for National Statistics. They were much stronger than economists had … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The average council tax bill new analysis has shown that it has increased by almost 80 percent in real terms since the levy was introduced 30 years ago. A typical D property owner will pay £2,065 in council tax in 2023-24, up from … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Skeptics may wonder if the increase in sales per outlet per week will last, as UK mortgage approvals decline again, and the average UK house price of £286,532 (according to Halifax) is 8.5 times the average national salary of £33,384 (according to the … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Homeowners in London will see their annual bill jump by up to £7,300 when they remortgage this year 3.5 million borrowers face interest rate shock. Nationally, homeowners will have to spend almost an extra £9 billion on interest in 2023 and 2024 as … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE A couple leaving a £1.2million house to their children would normally incur an inheritance tax of £80,000. But if the value of the house fell by 4.4 per cent – as economists have predicted this year – the family could claim back more … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Evicting a tenant through the courts allows the landlord to recover lost rental income if the tenant has defaulted on payments. But it currently takes about 11 months to evict a tenant through the courts once rent arrears start. No-fault evictions using section … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE A huge mortgage rate shock is looming, with 700,000 homeowners facing a jump of at least 50 per cent in their monthly payments between now and February, its analysts have warned. Homeowners nearing the end of two-year fixed-rate deals who secured deals while … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE ‘For the respondent to adopt the common practice of not granting a short-term license for residential premises, even where planning permission has been granted, is irrational and contrary to the purposes of the entire statutory scheme. “It would be perverse and oppressive if … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Thousands of homeowners took cheap deals during the pandemic, when interest rates were at a record low of 0.1 percent. Exemption from excise duty was also introduced from July 2020 to June 2021, which made it even easier to buy more expensive apartments. … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE When the sun is shining, few things beat it a voyage to the British seas. Whether it’s a day at the beach with a bucket and spade, catching waves or walking the cliff, these are simple but rewarding pastimes. It’s not strange properties … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE “I was working remotely so it didn’t matter where I lived, and housing prices were much lower,” he said. “It was simple.” They paid around £250,000 for the two-bedroom terrace – well below what it would have cost them to buy in Bromley. … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE What the big house builders, described by Michael Gove as a “cartel”, are doing with planning permission when they get it, making an already critical situation worse. “They’re sitting on those permits,” Halligan tells me. “There are more than a million approved building … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE A forecast cut in completions to 1,650 to 1,850 homes in the current trading year from 2,000 in the last means profits will fall in the year to June 2023. Management has already approved a cut in the interim dividend to 5 pence … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Moneyfact’s Rachel Springall said average interest rates were expected to “continue to rise due to ongoing concerns about future rate rises”. Landlords are particularly vulnerable to rising mortgage costs, which reduce returns. About 735,000 properties will be lost from the rental market if … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The reason home insurance will add to the pain of bills. MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Ms Kinnaird said terraces were now increasingly seen as “the first rung on the housing ladder”. She said: “The relatively poor energy performance of many older terraced houses may also be a factor when buyers look at running household costs, as energy costs … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Beleaguered estate agent Purplebricks has received a competing takeover bid from one of its major shareholders, a week after agreeing to sell its business for just £1 in a reduced price rescue deal. Lecram Holdings, which owns just over 5 per cent of … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Mr Pollard said he wanted “councils to have more power, not just a doubling of council tax”, and called on the Government to “step up” and allow councils to grow further. It comes after Conservative-led Cornwall Council wrote to the government in January … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Cheaper improvements If you’re on a budget, simple jobs like repainting, removing upholstery and giving your home a deep clean can make buyers more inclined to part with their money without leaving a dent in your wallet. Now read: Home renovations are sure … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Student bodies and landlords have lobbied the Department for Upgrading, Housing and Communities (DLUHC) to ensure the student rental sector is divested. Currently, the Tenancy Reform Bill includes an exemption for purpose-built student accommodation, allowing these properties to continue operating on 12-month contracts. … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The Home Office has privately announced that a further 1.1 million foreign workers and students will come to the UK in 2024 if ministers do not intervene, according to an official document seen by the Telegraph. Meanwhile, the government has repeatedly failed to … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE From 2016, anyone who buys a property in addition to their primary residence must pay a stamp duty surcharge of three percentage points. In addition, from 2021, foreign buyers must pay an additional two percentage points of the surcharge. It is between 2017 … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Landlords will continue to be able to evict tenants if they or a family member want to move in or need to sell, but there is a significant risk that landlords without additional safeguards who currently abuse Section 21 will abuse these new … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE There is no prohibition for benefit recipients or families with children The government wants to make it illegal for landlords to refuse to rent to families with children or those on benefits, tackling blanket bans that are sometimes seen in rental listings. However, … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Abolishing Article 21 would leave landlords with Section 8, which gives them the power to evict tenants who either fall behind on their rent payments or display “anti-social behaviour”. But any eviction will have to go through the district courts, which are with … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Shares in Purplebricks fell more than 60 per cent after the struggling estate agent warned it would soon run out of money. Purplebricks said in a trading report on Tuesday that a decline in the number of properties on its books meant revenue … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The idea behind the deal is one that has long been debated and hard to argue with: if you can afford to pay £2,000 in rent for 10 years and never miss a payment, why can’t they give you a mortgage of £1,800 … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE An exception to this rule would be if the landlord was also the first buyer. You wouldn’t have a second home stamp duty surcharge, but you wouldn’t be entitled to any first-time buyer tax relief either, and would pay standard rates instead. Be … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE “Landlords could lose everything overnight.” MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE More than half of the properties for rent under mortgage were bought in the 11 years after the introduction of such loans and many of these early adopters are now cashing out. The average age of landlords buying and renting properties is now … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE If references are not provided, there is a chance that the prospective tenant could be evicted from social housing because they were a nuisance, he says. Norris says these schemes are a poor substitute for what is really needed: increased government funding for … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE “In general, these types of areas survive a crisis a bit better than most, mainly because there are more discretionary moves, rather than need-based, and so households tend to stay put,” adds Beveridge. The top five areas where prices held up best after … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Zara Banday, partner at law firm Slater Heelis, said delays in land registry documentation “can cause endless problems and risks of fraud” for landlords, builders and buyers. She said: “Buyers could be at risk of falling victim to bogus carriers or sellers pretending … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Buyer demand remains modest, with mortgage loan approvals 40 percent below the level of a year ago. The weakest region was Scotland, while the West Midlands was the most resilient. Prices in Scotland fell by 3.1 per cent in the three months to … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The mortgage interest tax relief was phased out between 2017-2018 and 2020-21a policy that has cost landlords around £796m this financial year alone, according to forecasts from the Office for Budget Responsibility, the official forecaster. Landlords have felt the absence of relief even … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE He said: “Those who wanted to try to measure the height of the market blinked and missed it. After many months of unsuccessfully trying to sell at an exorbitant price, they are now throwing in the towel.” “Also, there are those who wanted … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Chris Beesley, 69, and his wife Susan, 67, have been self-employed for the past 30 years. With five children and the costs of running a business and a home to juggle, they never came close to paying for their pension. With their 50th … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE To qualify for a buy-to-let mortgage, prime rate taxpayers and limited companies must demonstrate that rental income covers 125 percent of repayment costs. For higher-rate taxpayers, this metric, known as the “interest coverage ratio” – ICR – is set at 145%. Properties with … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Prices are falling the most in England and Wales, with Northern Ireland and Scotland showing greater levels of resilience, experts say. The outlook for three-month house prices improved slightly between January and February, but surveyors remain pessimistic about the outlook for the market. … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Oldham and Wolverhampton are the postcodes with the fastest rising house prices over the past 12 months, Zoopla figures show. House prices in Oldham rose by 8.9 per cent in the past year to the end of January to an average of £166,500, … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE London is lagging behind other international capitals as “superstar” companies are strangled by red tape and years of underinvestment, a think tank has warned. Also the Center for Cities he blames skyrocketing housing prices for a dismal rise in living standards that meant … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Looming rent reforms risk “overburdening” eviction courts unless a chronic backlog of cases is addressed, a group of MPs has warned. The government has been told it must address delays in the court system by speedily dealing with property owners’ claims before ending … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Ms Allner said one super-rich client from the Middle East switched their currency last year when the pound fell sharply and now had a 25 per cent bigger budget to spend on property. She added: “This is actually in line with the discount … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The ranking of the 96 most populous local authority areas was based on factors including mortgage debt levels, the proportion of first-time buyers and price changes over the past year. Urban areas such as Luton have many homeowners with larger mortgages and smaller … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Prime mortgage rates are expected to fall below 4 percent in the coming weeks, according to an escalating price war reduced thousands of pounds in borrowing costs. Fixed mortgage rates have fallen steadily since peaking in November 2022, to levels not seen since … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE “Homeowners in these markets often have a good chunk of equity and are therefore more protected from rising mortgage costs. “Unlike much of the country, the three London boroughs in our ‘most resilient’ top 10 also saw price falls last year, making them … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Even assuming average mortgage rates fall to 4.6 per cent this year, for a typical first-time buyer to keep their payments at the typical level of 25 per cent of their after-tax income, they would need to reduce their home buying budget by … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Mr Bannister added: “There appears to be slightly more choice of property for tenants compared to last year’s record low levels, which should ease some of the fierce competition in securing a home. “Therefore, we expect the annual growth rate to slow to … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE A furniture designer who bought his dream home only to find it Japanese knotweed he successfully sued the seller for tens of thousands of pounds for the garden shed. Jonathan Downing, 30, bought the three-bedroom house in Raynes Park, south-west London, from chartered … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Mortgage lenders and property investors are supporting a staycation boom this year as families prefer UK holidays to expensive trips abroad. The number of mortgages available to holiday home owners has more than doubled since October with renewed confidence between banks and construction … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Britain’s current housing policy is based on “catastrophically” weak beliefs, a conservative-leaning think tank has warned. “Claims that we can meet our housing needs with brownfields alone are based on a set of catastrophically implausible assumptions,” the Center for Policy Studies said in … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Tax on landlords As demand outstripped supply, this only drove up prices, with tax regulations adding to the froth. “The tax system is designed to effectively encourage property investment as a form of saving,” says Michael Gordon, acting chief economist at Westpac Institutional … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Landlords have left Scotland’s buy-to-let market Nicola Sturgeon’s tax crackdowncausing a shortage of homes for students and families in the country. Investment in new multi-bedroom rental properties “disappeared overnight” after the government increased tax on second home purchases in Scotland from 4 to … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE More expensive apartments bear the greatest weight falling house prices as they take longer to sell and achieve a lower price than the asking price. According to analyst TwentyCi, the time taken to sell properties worth between £350,000 and £1m – typically larger … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Buyers are returning to the housing market amid falling mortgage rates. Buyer demand has increased by 55 per cent this month compared to the two weeks before Christmas, according to Rightmove. On the property’s website, they wrote that this is the biggest “New … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Almost half of all people living here own their property, a higher proportion than anywhere else in England and Wales. One in five pensioners live alone, with only 18 per cent having dependent children, compared to an average of 30 per cent in … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE At the height of the financial crisis in England and Wales, a maximum of 13,200 properties were seized in the three months to March 2009, with courts seizing a total of 48,900 properties that year. House prices fell for the fourth consecutive month … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE He said: “There are enough bedrooms in England for everyone and millions more, but they are very unevenly distributed. “It’s very difficult to make a better distribution. The last thing anyone would want to do is force people out of their family homes.” … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Home buyers find it difficult to bargain as high mortgage rates are pushing the pandemic real estate boom into reverse. Prices fell for the fourth straight month in December, meaning values are now down 4.3 per cent from their peak in August, according … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Jane King, an independent mortgage adviser, said the “huge” rate cut was a sign that lenders were struggling for business. She said: “The message I’m getting from lenders is that basically they’re just not getting any business. The bottom fell out of the … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE For many workers, telecommuting replaces hybrid work during the pandemic. Buyers in places like Salisbury are still looking for homes that will make working from home more enjoyable and offer better value for money than the capital, but now they also want good … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Property sales in rural and coastal areas fell as did home buyers escape the country and return to city life after the pandemicnew research shows. Cities along the coast and in rural corners of Britain have seen the biggest slowdown in property demand … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Jeremy Davis, a 60-year-old recently retired Telegraph reader, said: “I have three full-time adult sons and none of them can afford to buy a property. One of them, aged 25, basically gave up and emigrated to South Korea. The other two, aged 28 … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE House prices have fallen by almost £4,500 in a month the decline of the real estate market accelerated and buyers were struggling with higher mortgage costs. Property values fell for the third consecutive month in November, falling 1.4 per cent compared with October, … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Elena Todorova, director of SPF Private Clients If Mrs Gross sells her property and assumes the worst-case scenario – needing to repay £250,000 with £164,000 – she will need to raise £86,000. A £86,000 loan is a safe bet. Fixed rate mortgages it … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Average five-year fixed mortgage rate fell below 6% for the first time in seven weekswith a growing number of lenders now offering deals below 5pc. Brokers predict interest rates will continue to fall, with analyst Moneyfacts reporting that the average five-year fixed rate … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Bradford: Dixons Trinity Academy Average prices in BD5 £87,191; 44pc off the Bradford average Situated between Bradford city center and St Luke’s Hospital, Dixons Trinity Academy has always been a magnet for families moving to the area, says Amanda Flaherty of estate agency … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The words “affordable” and “London” rarely appear in the same sentence, especially when it comes to real estate prices. This gets worse when the capital’s top schools are factored into the equation. Many wealthy parents have made their way into the areas of … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The drop reflects a fall in yields and expected interest rates, both of which weigh on banks’ borrowing costs, after Mr Hunt reversed the vast majority of policies in the mini-budget. Then-Chancellor Kwasi Kwarteng’s tax cuts triggered panic in financial markets and a … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Buyer demand has been steadily declining since the start of the year, reflecting the continued rise in mortgage interest rates. But the pace of change accelerated sharply after the mini-budget. Between then-chancellor Kwasi Kwarteng’s announcement on September 23 and October 16 alone, the … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Tenants are being forced to offer more than the asking price for a third of new leases in London and the Home Counties. Competition in the rental market is increasing as owners sellwhereby he leaves the tenants enter bidding wars for the few … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE It’s a riot put mortgage repayments out of reach for many hopeful buyers, who were forced to delay their purchase until rates fell again. Sellers looking to complete are nervous about rising mortgage rates causing failed purchases, experts have warned, giving cash buyers … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Mr Hunt’s decision to maintain stamp duty cuts – which was introduced with immediate effect on September 23 and raised the zero interest rate band roughly in line with house price growth since it was last adjusted in 2006 – will also provide … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE According to calculations by Evelyn Partners, a couple with a property worth £600,000 could save £240,000 in IHT by putting the property into a trust. Assuming they bought the property when it was worth £150,000, they could also save themselves a capital gains … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Interest rates are key to fueling housing market bubbles. Low interest rates have allowed house prices to become decoupled from incomes and rents over the past ten years. Now, mortgage loans are quickly becoming extremely expensive. In nine cities in the bubble risk … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Homeowners are trying to make money high house prices and releasing equity from their homes, interest rates skyrocketed within days. The lowest interest rate available on an equity release loan is now 6.87 per cent – up from 4.44 per cent a week … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Potential homebuyers have lost thousands of pounds in deposits and legal fees after lenders withdrew mortgage offers in anticipation of a market downturn. Estate agents have reported a rise in banks canceling offers in the past two weeks – after a the backlash … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Rising mortgage rates triggered a global slump in house prices, with economists predicting a 20 percent drop in some countries. House prices are already falling in countries where interest rates are rising faster than in Britain. And we could be the following: interest … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The number of unsold properties that changed the asking price also jumped by 14.1 percent. Those changes will almost certainly be price cuts, Mr. Cook said. Panic gripped the markets over the prospect of higher inflation, which interest rate expectations jumped sharply. As … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE However, Jamie Lennox of broker Dimora Mortgages said lenders were unlikely to cut rates given the somewhat subdued market outlook. Mr Lennox said: “There is a real risk that lenders will be inundated with applications due to negative economic forecasts, which could lead … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE While social media is abuzz with talk of mortgage interest rates already exceeding 10 percent, this is a reality for only a very small minority of borrowersthe brokers said. Lewis Shaw, of Shaw Financial Services, a broker, said: “The vast majority of people … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE High Street bank HSBC has warned that “mass foreclosures” are a growing risk as mortgage repayments rise by up to £5,000 a year. Mortgage interest rates have already jumped above 4 percent before last week’s mini-budget and a rise to 5.5 percent is … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Lenders have entered into a record number of buy-sell mortgage deals as landlords face selling due to rising interest rates. According to analyst Moneyfacts, more than 500 trades disappeared from the market on Tuesday night. That’s more than double the previous record set … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Property experts say urgent rate hike ‘almost guaranteed’ after Chancellor Kwasi Kwarteng a shock tax cut caused the pound to fall to record low values. Mark Dyason of Edinburgh Mortgage Advice, a broker, said: “Z stamp duty cuttingthe chancellor has spooked property markets … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Lenders are scrambling to pull their mortgage deals off the market amid speculation the Bank of England will be forced to fight against the fall in the pound, despite Governor Andrew Bailey excretion action this week. Britain’s biggest lender Halifax is to temporarily … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Lewis Shaw of Shaw Financial Services, a broker, said as many as one in five home owners with a mortgage may fail the affordability test when they decide to remortgage. He said: “These people can be trapped with a lender who won’t let … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Andrew Wishart of analyst firm Capital Economics said: “The market reaction to the announcement suggests that mortgage rates above 6 per cent are now a distinct possibility, which would make house prices more overvalued than in 2007.” Savings on stamp duty will help … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE “The Government could reduce stamp duty and tax revenue would not necessarily fall because it will encourage more migration and consequently more housing,” Mr Clougherty said. Dominic Agace, chief executive of Winkworth Estate Agents, added: “We will be encouraging people who have smaller … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE First-time buyers have just six weeks left to take advantage of the Help to Buy equity loan before the government-backed scheme disappears. At least 25,000 first-time buyers will be cut out of the housing market after the scheme closes to new applicants on … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Rental markets across the country have exploded due to an extreme housing shortage encourages bidding wars between tenants and huge price jumps. But in Scotland it is the most most of all. It is the region where demand is growing the fastest, supply … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Channel 4’s long-running series Amazing Spaces takes us to small buildings. Now the issuer has gone to the other side of the wealth scale. Welcome to Huge Homes with Hugh Dennis (More4), browsing through some of Britain’s grandest private residences. I shudder to … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE A total of 16 percent of all homes sold this year were pre-let, according to Hamptons estate agents, who analyzed data from Britain’s largest property group, Countrywide. In 2013, the share was only 10 percent. Many were squeezed out by cuts to buy-to-let … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE You have to hand it to the people who show up at real estate shows: they have a vision. Few people, looking at an abandoned slaughterhouse with meat hooks and carcass elevators still there, would think, “Wouldn’t that be a wonderful family kitchen … Read more
MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE As deposits have risen beyond the reach of more and more buyers, subsidy schemes have sought to keep the show on the road. Almost 350,000 people have taken out equity loans since 2013 under George Osborne’s Help To Buy scheme, for instance, offering … Read more