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ADDED 23/05/08
'Perverse' taxes stifle buy to let housing improvements  

A report on ‘The Supply of Rental Housing’ published by the Communities and Local Government Committee this week says that 'perverse' taxes have damaged the Government's efforts to deliver housing. A statement from The British Property Federation (BPF) claims the report criticises disincentives that prevent improvements to properties and stops large investors from building new homes. MORE

ADDED 23/05/08

Landlords reap benefits as housing market demand slumps

 

Owners experiencing difficulty selling their properties, have turned to the rental market to take advantage of rising yields, says the RICS Lettings Survey published this week. New instructions to let property increased significantly in Q1 2008. The net balance of Chartered Surveyors reporting a rise in new landlord instructions (an indicator of supply) increased to... MORE

ADDED 23/05/08

Mortgage lending volumes to get worse before they get better

 

Gross mortgage lending reached an estimated £25.3 billion in April, a 5 percent increase from March and an 8 percent decline from April 2007, according to the Council of Mortgage Lenders (CML). A fall is typically expected from March to April. However, the fact that Easter was in March is likely to have affected the monthly... MORE

ADDED 23/05/08

Optimism low but expectations still high among buy to let landlords

 

Overall optimism among buy to let landlords is at the lowest level recorded in the past 12 months claims a quarterly survey into the sector. But despite this dip in business expectations, more than half (52 percent) of the landlords interviewed by independent buy to let mortgage broker The Money Centre still believe their prospects are good or very good... MORE

ADDED 23/05/08
Private rented sector should not be seen as 'second best' says NLA  
Property investors in the private-rented sector must work harder to dispel the myth of rented housing as second-best says the National Landlords Association (NLA).
Broadly welcoming a select committee report into the supply of rented housing, the NLA is pleased that the needs and aspirations of those who rent have... MORE

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