Have landlords forgotten to implement threatened rent rises?

Graniard: Has the Brexit vote saved London tenants 1,800 pa in rent?

“Many landlords will have been looking to offset the government’s punitive tax regime by raising rents. However, the uncertainty surrounding Brexit has forced the vast majority to forfeit this to maintain a steady income.” Time to look at ratcheting up recurring property taxes in general now that the grown-ups' predictions of no adverse effect on prices have come to pass? ARLA et al are strangely quiet on this one. Imagine if they do manage to get the tax rise overturned, will they immediately drop rents? Luckily there's no political will to do this for the foreseeable future, who are landlords going to vote for - Corbyn?

Posted by mombers @ 10:24 AM 1 Comments

Tuesday, Jan 8, 2019

Wilsons threaten to sell up (again)

Property Eye: Fergus Wilson ‘set to put portfolio of properties up for sale today’

Fergus Wilson is understood to be putting all of his properties on the sales market today. The portfolio, in and around Ashford, Kent, is thought to consist of 300 homes. Wilson has long-threatened to sell off his portfolio

Posted by little professor @ 03:39 PM 2 Comments

Friday, Jan 4, 2019

Houses actually cost money last year

BBC: House price growth slowest for almost six years, says Nationwide

Overall Annual Growth was 0.5%, so money in the bank might actually have outperformed houses. I like the way all the "experts" are predicting rises will start going up again. I wonder how many "experts" predicted that at the end of the great Japanese property bubble. Being an engineer I keep thinking of one simple principle https://en.wikipedia.org/wiki/Positive_feedback I like the way Wikipedia illustrates it with cattle stampeding

Posted by tenyearstogetmymoneyback @ 06:36 PM 3 Comments

Thursday, Jan 3, 2019

Another house raffle scam busted

Guardian: Couple forced to close raffle for their £500,000 North Yorkshire home

The same old story. Greedy baby boomer couple who bought their home for sub-£100k back in the day try and fail to flog it for £550k. When it doesn't sell, rather than reducing the price they turn to a house lottery, aiming to sell 60,000 tickets at £10 each for a chance to win the house. As always this got copious local media attention and free publicity despite being a well known scam. Gambling Commission have now shut them down. Entrants will be refunded (minus administrative costs of course)

Posted by little professor @ 05:30 PM 3 Comments

Monday, Dec 31, 2018

Not many turkeys voting for Xmas, but there are a couple! Happy New Year

City A.M.: UK house prices 2019: What experts say will happen after Brexit

Has there ever been a more difficult time to predict the future of UK house prices? Political uncertainty looms large over the UK’s property market, but experts have nonetheless given their expectations for the year to come.

Posted by wdbeast @ 03:30 PM 3 Comments

Friday, Dec 28, 2018

Prime Central London has been crashing for nearly FIVE years, but this HPC site has almost died

Financial Times: Regent’s Park buyers take fright at London downturn

[...] prices in the area have been declining: in the past four years, prime prices have fallen 9.3 per cent, according to Savills’ prime London index. In the year to June, they dropped 5 per cent. [...] Normally HPC site goes quite just before the market tops. All the bears capitulate. Not this time! They've been quiet through this slow-motion crash. Why...? Gone to Twitter??

Posted by sneaker @ 06:17 PM 17 Comments

Monday, Dec 17, 2018

Keep the Plates Spinning

Mortgage Solutions: NatWest to offer L&G lifetime mortgages to interest-only customers

So this is what happens when you reach the end of your IO loan with no payment vehicle. I suppose that renting from the bank is more secure than renting from an unknown stranger and you cut out the yield off the top too. Perhaps they weren't such a bad idea after all!

Posted by crash bandicoot @ 01:17 PM 4 Comments

It's only asking prices

The Guardian: Housing market: average UK asking price dips £10,000

Normal fare really. Price falls in London ripple out. It's nice not to see the usual "fundamentals remain strong" for a change though.

Posted by crash bandicoot @ 12:40 PM 7 Comments

Sunday, Dec 16, 2018

Devaluation under Carney

Zerohedge: Bank of England Sterling manipulation

Nice factual summary of the ongoing devaluation of the pound under Carney, I had almost forgotten about dropping interest rates after the Brexit vote.

Posted by stillthinking @ 12:49 AM 0 Comments

Wednesday, Dec 12, 2018

Judith Wilson fined £25,000 over lack of hot water for disabled tenant

Guardian: Landlord fined £25,000 over lack of hot water for disabled tenant

The wife of Britain’s most controversial buy-to-let landlord, Fergus Wilson, has been ordered to pay £25,000 in fines and legal costs after a court ruled that she had failed to supply hot water to a disabled tenant.

Posted by landofconfusion @ 09:56 PM 4 Comments

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