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Latest information: Local housing allowance
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ADDED 29/07/08
Mortgage rates on the way down  

Gross mortgage lending declined to an estimated £23.8 billion in June, down 3 percent from May and 32 percent from June 2007, according to the Council of Mortgage Lenders. The decline between the first and second quarter was a marginal one percent. However, an increase would typically be expected in spring. The year-on-year decline has gathered pace in recent months; lending in the first quarter of 2008 was... MORE

ADDED 29/07/08

Hotel rooms offer alternative to buy to let investors

   

The concept of selling London hotel rooms to investors, which has become a popular alternative to buy to let property in the past couple of years, has taken off nationally claims one developer. Plans for what is believed to be the first scheme of its type in the North of England have been unveiled by a The Skelwith Group in York. MORE

ADDED 29/07/08

Council gets tough with silent landlord

Landlord Varinder Jit Gill has been fined £2,000 and ordered to pay more than £1,000 in costs after he failed to co-operate with the London Borough of Hounslow during a routine housing investigation. Gill was asked on numerous occasions to explain his interest in a property in Bedfont Lane... MORE

ADDED 29/07/08

‘Eco-towns are really a red herring’ claims FMB

   

Buy to let investors and residential landlords planning to purchase property in one of the government’s planned eco-towns may have to wait a while longer. The Local Government Association (LGA) is considering a legal challenge to the 10 new towns on the grounds that they bypass normal planning procedures. MORE

ADDED 29/07/08
Second homes could be hit again following affordable housing review  
An experimental restriction of second homes in national parks was one of the recommendations listed in MP Matthew Taylor’s report into rural economies and affordable housing. The Government is however yet to be convinced that a restriction of second homes would be either workable or deliver the intended benefits, when there are more innovative ways of providing... MORE

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