Rental costs see first fall in 10 months LSL finds

The cost of renting a home in England and Wales fell for the first time in 10 months in November, a survey has found.Rent at a typical property dropped by 0.4% compared with October, to £717 a month, LSL Property Services said.

However, a tenant still typically paid 3.5% – or £25 – more in rent [...]

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Private sector rents at new high in England and Wales

Average private sector housing rents in England and Wales rose by another 0.7% last month, to hit a new monthly high of £718, a report has said.It means rents have risen by 4.3% in the past 12 months, with tenants paying an average £29 a month more than they were a year ago.

The figures were [...]

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George Osborne extends council tax freeze

Money to extend a council tax freeze in England to 2012-13 has been unveiled by Chancellor George Osborne.The government cannot force councils to freeze bills but it is offering to give those that limit spending rises to 2.5% the money they need.

Money would also be offered to the Scottish and Welsh administrations, which will choose [...]

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Rents rising at fastest rate for a year

The cost of renting a home is rising at its fastest rate in a year – with the average tenant paying £713 a month, a new survey has announced.Tenants paid 1.2% more on average to rent a property in the UK in August than they did in July, according to LSL Property Services.

The cost rose [...]

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Buy to let recovery claims mortgage lenders

Demand for buy to let mortgages continues to grow boosting UK property market.The Council of Mortgage Lenders(CML)  has said the number of buy-to-let mortgages rose by 29,000 in the second quarter of the year, to 1,342,200.

They now account for 12.4% of all mortgages, the highest proportion on record since the buy-to-let market took off at [...]

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Gazumping pushing up rent costs for tenants

Gazumping is pushing up rents in England and Wales as the average cost to tenants reached £696 in May according to new research.
Rising tenant demand has led to some potential renters offering above the asking price to rent a home.

The average cost of renting a home has risen for four consecutive months the analysis suggested.

But [...]

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Homecall Plus household emergency call out firm collapses

The Homecall Plus company which provided cover for plumbing, heating and other emergencies in the home has collapsed.
Homecall Plus of Furthergate, Blackburn, has been put into compulsory liquidation after a creditor petitioned the Official Receiver in Blackpool.

As well as plumbing problems, it dealt with drainage and electrical failures, and provided gas safety checks.

Some 10,000 customers [...]

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Land Securities profits up as UK property market recovers

Land Securities has announced a rise in full year profits as the UK property market continues to recover.
Pre-tax profits for the year to the end of March were £1.2 3billion, up almost 15% on the £1.07 billion the commercial property developer made a year earlier.

The company said returns on its property investments grew by 17% [...]

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New scheme launched to protect home renters

A new project has been launched as the number of complaints against estate agents was described as “unacceptably” high by the Property Ombudsman, despite inactivity in the housing market.
Christopher Hamer said he had dealt with 1,338 new cases last year. This was a record number during the scheme’s 20-year existence.

Among the cases, which reach the [...]

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Tenants should get landlords ratings website says consumer group

Tenants should have a rating website which they can share their experiences of landlords, a consumer body has said.Consumer Focus said most people renting in the private sector had little information available to them before they signed a tenancy agreement.

Landlords, meanwhile, can ask potential tenants for references, deposits and other personal information, it said.

The group [...]

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