London Rental Property News for June 2008

House prices fall for ninth month in-a-row

House prices in England and Wales fell for a ninth consecutive month in June, in a further sign of the credit crunch taking its toll on the property market.

Read Article ... Published on 30th June, 2008

Buy-to-let set to boom

Over fifty per cent of buy-to-let investors have predicted a growth in demand for rental accommodation this year, as the crisis in the housing market deepens.

Read Article ... Published on 30th June, 2008

Government urged to overhaul rental market

The country's biggest property developers and investors have called on the government to conduct a major overhaul of the buy-to-let market in an attempt to ease the property shortage.

Read Article ... Published on 30th June, 2008

Brits 'expect house prices to fall'

A large number of prospective housebuyers in the UK believe that property prices are going to continue to drop in the next year.

Read Article ... Published on 27th June, 2008

Boris spies Wandsworth regeneration

Plans to create a mixed-use scheme on the banks of the River Wandle have been approved by Wandsworth council.

Read Article ... Published on 27th June, 2008

RLA: Presentation key to letting

Landlords with property to rent in London and other parts of the UK should be very carefully when considering the presentation of their flats and houses.

Read Article ... Published on 27th June, 2008

Mortgage lenders increase rates

Three UK-based lenders have increased the cost of their fixed-rate mortgage loans.

Read Article ... Published on 26th June, 2008

Landlords 'need to know their market'

It is very important for landlords with property to rent in London and other parts of the country to understand what renters are looking for.

Read Article ... Published on 26th June, 2008

Rising rents hit FTB deposits

Rising rents mean that prospective first-time buyers (FTBs) who are currently in the letting market will struggle to save up deposits.

Read Article ... Published on 26th June, 2008

Downswing sees return of gazundering

The controversial practice of gazundering in making a comeback in the UK property sector as a consequence of the downturn, it has been claimed.

Read Article ... Published on 25th June, 2008

Buy-to-let yields at two-year high

Buy-to-let investors are enjoying their highest yields since the start of 2006, new data has revealed.

Read Article ... Published on 24th June, 2008

Approval for OEA estate agent redress scheme

Approval has been granted for a new redress scheme outlined by the Ombudsman for Estate Agents Company (OEA).

Read Article ... Published on 24th June, 2008

Mortgage lending plummets 19%

New figures from the Council of Mortgage Lenders have revealed that gross mortgage lending has fallen a massive 19 per cent on the previous year.

Read Article ... Published on 23rd June, 2008

Rightmove: House price falls accelerating

Rightmove has warned that the average value of a UK home fell more in June than at any other time this year.

Read Article ... Published on 23rd June, 2008

Mortgage woes hit 6m Brits

Millions of people who have invested in property for sale in London and elsewhere are struggling to meet repayments.

Read Article ... Published on 20th June, 2008

Free membership to landlord deposit scheme

Landlords are being offered free membership to a government-backed tenancy deposit protection scheme.

Read Article ... Published on 20th June, 2008

Landlords urged to be more 'accommodating'

Buy-to-let investors have been told they must make more of an effort to keep tenants happy given the surplus of new properties.

Read Article ... Published on 19th June, 2008

Homes 'lingering' on market

Property for sale in London and elsewhere is lingering on the market as buyers exercise heightened caution, new figures suggest.

Read Article ... Published on 19th June, 2008

House prices 'to fall 9% in 2008'

The average price of a home for sale in London and around the UK looks set to fall by nine per cent this year.

Read Article ... Published on 19th June, 2008

Repossession fears plague homeowners

The prospect of enduring a home repossession is weighing heavy on the minds of many London property owners, a new study has found.

Read Article ... Published on 18th June, 2008

Green light for Croydon property development

A new £140 million property development scheme slated for the London Borough of Croydon has been approved.

Read Article ... Published on 18th June, 2008

Emergency cover 'never a bad idea' for landlords

Landlords with flats to rent in London and elsewhere have been reminded of the importance of securing adequate protection for their properties.

Read Article ... Published on 18th June, 2008

Discount ticket booth for Brent Cross

Brent Cross shopping centre is to benefit from a new ticket booth selling discounted West End tickets.

Read Article ... Published on 17th June, 2008

Report calls for more rental property

A new report by the Centre for Cities has called on the government to do more to increase the availability of rented property.

Read Article ... Published on 17th June, 2008

Mortgage holders feel strain of higher rates

London property owners are reeling under the burgeoning cost of fixed-rate mortgages, new research from MoneyFacts.co.uk has shown.

Read Article ... Published on 17th June, 2008

Positive signs from Tenancy Deposit Scheme

The Tenancy Deposit Scheme (TDS) has welcomed a lower-than-expected dispute rate recorded during the first year of mandatory tenancy deposit protection.

Read Article ... Published on 16th June, 2008

House price recovery 'years away'

House prices will not return to the levels seen in 2007 for at least four more years, one new report has suggested.

Read Article ... Published on 16th June, 2008

Rental demand 'steaming ahead'

Demand for property to rent in London and the rest of the UK remains healthy, yet another industry report has suggested.

Read Article ... Published on 13th June, 2008

EPC reminder for landlords

Buy-to-let investors have been reminded about the importance of ensuring their properties have an Energy Performance Certificate (EPC).

Read Article ... Published on 13th June, 2008

CML: Average home deposit now 13%

The average deposit put down by a first-time buyer has reached a three-and-a-half year high of 13 per cent.

Read Article ... Published on 13th June, 2008

Rics: Thousands face negative equity

The Royal Institution of Chartered Surveyors (Rics) has renewed its warning that thousands of homeowners face the prospect of negative equity.

Read Article ... Published on 12th June, 2008

London braced for 10% house price falls

The capital should prepare itself for ten per cent house price falls before the market bottoms out, one leading estate agent has warned.

Read Article ... Published on 12th June, 2008

Reminder to landlords over tenancy deposits

Residential landlords have been reminded that they are under no obligation to hand over deposits to a third-party.

Read Article ... Published on 12th June, 2008

Dagenham flower show edges closer

Keen horticulturalists in the East End are being invited to take part in this year's Dagenham in Bloom Competition.

Read Article ... Published on 12th June, 2008

Crunch 'creating buy-to-let opportunities'

One leading expert has insisted the credit crunch is not constricting the number of favourable buy-to-let opportunities on the market.

Read Article ... Published on 11th June, 2008

Downturn 'raises appeal of buy-to-lets'

Now is a good time to be in the buy-to-let sector because more and more people are struggling to secure their own mortgage.

Read Article ... Published on 11th June, 2008

Londoners ditch cars for bikes

Increasing numbers of Londoners are adopting healthy lifestyles by replacing their motor vehicles with bicycles.

Read Article ... Published on 11th June, 2008

NLA insists buy-to-let going strong

The National Landlords Association (NLA) has rejected suggestions that the UK buy-to-let sector is headed for a crisis.

Read Article ... Published on 11th June, 2008

Love London Festival in full swing

Residents in the capital have been enjoying this month's green-themed Love London Festival, which runs until June 21st.

Read Article ... Published on 10th June, 2008

Homebuyers opting for the 'safe option'

The majority of people looking to buy property are putting plans to become owner occupiers on hold, it has been claimed.

Read Article ... Published on 10th June, 2008

Rics: Exodus from property market

The Royal Institution of Chartered Surveyors (Rics) has revealed that home sales have reached their lowest levels for 30 years.

Read Article ... Published on 10th June, 2008

Edgware residents 'enjoy stress-free commute'

Londoners looking to ease the strain of commuting in the capital every day would be well advised to look at Edgware property.

Read Article ... Published on 9th June, 2008

Property values 'to fall 50 per cent'

In one of the worst assessments of the property market to date, traders have predicted that house price will fall by almost 50 per cent over the next four years.

Read Article ... Published on 9th June, 2008

Housing regulator to strengthen tenants' hand

Tenants will be given a louder voice over the practices of their landlords thanks to a new recruitment policy at the Tenant Services Authority.

Read Article ... Published on 9th June, 2008

Buy-to-let 'will escape economic woes'

The ongoing credit crunch will not have a negative impact on the buy-to-let sector, one industry expert has insisted.

Read Article ... Published on 9th June, 2008

Central London prices begin slide

Asking prices for property for sale in London have begun to fall, new figures from Knight Frank show.

Read Article ... Published on 6th June, 2008

Buy-to-let sector offers 'golden opportunities'

Conditions in the buy-to-let sector are ideally suited to savvy risk-takers who are looking to cash in on anxieties in the market, one commentator has suggested.

Read Article ... Published on 6th June, 2008

Partner selected for Croydon regeneration

John Laing has been selected as the partner to carry out work on the £450 million regeneration project in the London Borough of Croydon.

Read Article ... Published on 6th June, 2008

Property downturn continues in May

The latest house price report from Halifax bank has shown that the property downturn continued unimpeded in May.

Read Article ... Published on 5th June, 2008

Bank withholds interest rate relief again

Bank of England officials have once again declined to lower the base rate of borrowing, dealing a blow to London property owners who are struggling to maintain their mortgage repayments.

Read Article ... Published on 5th June, 2008

Transport links improved in Merton

People living in the London borough of Merton are benefiting from the opening of a brand new train station.

Read Article ... Published on 5th June, 2008

Confusion reigns over tenant insurance rights

A new survey has suggested that the majority of people who find property to rent in London are misinformed about the need for tenants insurance.

Read Article ... Published on 5th June, 2008

Bids invited for East London development

Construction firms have been invited to register their interest in working on the London Thames Gateway Development project.

Read Article ... Published on 5th June, 2008

Property south of the river faring well

The value of property for sale in London may be sinking, but according to Hamptons areas south of the river are weathering the storm well.

Read Article ... Published on 4th June, 2008

Prime London property 'escapes downturn'

Prime London property is virtually immune from the current downtun, one leading industry expert has suggested.

Read Article ... Published on 4th June, 2008

Poll: Home ownership hyped up

A disturbing new poll by BBC Panorama suggests that the vast majority of Brits have been duped into an "unrealistic property dream".

Read Article ... Published on 4th June, 2008

NLA: Landlords unhappy with renewal fees

The National Landlords Association (NLA) has revealed that almost three quarters of landlords believe the renewal fees levied by letting agents are unreasonably high.

Read Article ... Published on 4th June, 2008

Mortgage lending hits record low

The number of loans being issued to homebuyers in search of property for sale in London has reached rock-bottom levels, official figures have revealed.

Read Article ... Published on 4th June, 2008

Crunch quashes FTB aspirations

The credit crunch has made it significantly more difficult for first-time buyers (FTBs) to get on the housing ladder, new research shows.

Read Article ... Published on 4th June, 2008

Property recovery 'could take 15 years'

Property prices in the UK could take as long as 15 years to recover to their pre-credit crunch levels, it has been suggested.

Read Article ... Published on 3rd June, 2008

Prime London prices succumb to crunch

Property for sale in London has finally succumbed to the worsening credit crunch, it has been confirmed.

Read Article ... Published on 3rd June, 2008

Praise floods in for outgoing East End mayor

Tributes have poured in for the outgoing mayor of the east London borough of Tower Hamlets upon her departure from office.

Read Article ... Published on 3rd June, 2008

Tidy gardens boost flat marketability

Having a well-kempt garden can boost the marketability of rented properties, buy-to-let landlords have been told.

Read Article ... Published on 3rd June, 2008

Lack of housing to blight affordability

Affordability issues with property for sale in London look set to continue unless more homes are built, it has been claimed.

Read Article ... Published on 3rd June, 2008

FTBs 'will not benefit from downturn'

One leading industry expert has suggested that the property downturn is unlikely to have an immediate benefit for first-time buyers (FTBs).

Read Article ... Published on 2nd June, 2008

Property slump will 'exacerbate homes shortage'

The ongoing property downturn is likely to exacerbate the shortage of new, affordable houses for sale in London and across the UK.

Read Article ... Published on 2nd June, 2008

Bradford & Bingley report 'unrepresentative'

Bradford & Bingley's (B&B) recent report that buy-to-let mortgage arrears are rising has little bearing on the overall health of the sector, industry experts said today.

Read Article ... Published on 2nd June, 2008

Singletons 'should look to Camden'

Among single young people looking for flats to rent in London, Camden has been identified as an ideal place to live.

Read Article ... Published on 2nd June, 2008

Buy-to-let investors urged to seek discount

Landlords with flats to rent in London and elsewhere in the UK have been advised to press for a significant discount when expanding their portfolios.

Read Article ... Published on 2nd June, 2008

London property sales slide 35%

New research by Hamptons International has revealed that the rate at which property for sale in London is going under the hammer has fallen by over a third.

Read Article ... Published on 2nd June, 2008

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