Couple live in shed
This is a real sign of the times, where victims of the credit crunch are forced to live in unacceptable conditions. A couple from Hartlepool are having to live in a shed on an allotment because their house was repossessed.
The couple who have six children have seen their family split up, the children are staying [...]
Surviving property repossession
As bad as it may seem to normal people, house repossessions are on the rise; around seventeen thousand homes were repossessed last year alone. That’s a huge amount of families who have been left without a home.
But this figure is set to rise, despite the government’s advice; if you fall behind on your mortgage payments [...]
Buy to Let in trouble
The changes within the mortgage industry have affected many people, but the hardest hit would seem to be those people who have invested in the Buy to Let market. Many of these people have seen that buying property is a great investment and so to buy a property on a mortgage and rent it out [...]
March 20, 2008Property in Ayrshire holds place
No matter what the state of the property market in this country, there is always some place that is not in line with the rest of the property market, and this time it would seem to be Ayrshire in Scotland.
They say that it has something to do with the close proximity to Ireland, which has [...]
Checking out potential tenants
Taking on tenants is a real headache for some people, but there are some questions that you can ask them while viewing the property or before, that can help you decide as to their suitability to both the property and you.
Here are some questions to ask:
HOW LONG HAVE YOU WORKED FOR YOUR CURRENT EMPLOYER?
HOW LONG [...]
Investing in UK property
For some people the idea of investing the UK housing market at this time may seem to be a bit strange, after all there are a few aspects of the market that could put even the bravest investor off even if only for a short time. But the UK market has its advantages which should [...]
February 14, 2008Buying property abroad
Buying a rental property abroad is both a tricky and exciting idea, especially if it is in a place that you love to take your own holidays, because this means that you can also take your own holidays in this property at times when it is not occupied.
1, Consider your overheads, community fees, mortgage, [...]
Online property management service
Managing property can be a nightmare, it sounds simple enough to start off with but eventually there will come a time when some help is needed.
There some applications that will help the landlord manage their properties or property, whatever the case may be. The properties are listed on the website and then all of the [...]
Using a managing agent
Deciding to rent out a property is a huge thing to be undertaking, but for some it’s a business and for others it is a necessity to keep the mortgage payments going, while they are away be it for work or just a long holiday.
This is where the question of the letting agent comes into [...]
Landlords selling up
With the property market hitting a bit of a slump, the first sign is the lack of first time buyers and then we see that the landlords who have bought their properties as an investment, but they rely on a tenant pays the landlord rent and this goes towards the mortgage.
But as mortgage repayments have [...]
Innocent man has to pay B&B
A man who was accused of being rapist and spent three years in jail before it was found out that his accuser was a liar, has had to pay the Prison Service £12,500 for his rent and food while being in prison.
This amazing revelation comes as his case for compensation is resolved with a payout [...]
The in’s and out’s of renting
With first time buyers struggling to find a suitable place to buy, renting is becoming a popular choice for those who want to set up a home, but what the costs related to this way of finding a home?
Like with every industry the price you see is not always the price that you pay, sure [...]
Opportunities for profits in rural properties
It seems that there are still some great opportunities around for making a decent profit from a property investment and it is those Scots that have got the jump on everyone else this time, for they are slipping out into the rural areas and buying up houses.
This is a practice known as “Mouse holding” where [...]
Buy to Let threatens property market
After the problems in the states with their sub prime mortgages, the humble buy to let speculator in the UK is now being compared to the sub prime mortgages and some experts believe that the same thing may happen here in the UK.
The typical buy to let speculator buys property on a mortgage and is [...]
UK property rental prices on the rise
According to the Royal Institution of Chartered Surveyors. As a result of the first time buyers struggle to get onto the property ladder, they would appear to have been looking towards the rental market in order to set up their new homes. This trend has in turn created a demand for quality rented accommodation, and [...]