Troubled times for buy-to-let: Primelocation

The buy-to-let market is being seriously damaged by the withdrawal of specialist mortgages, the latest figures from the Council of Mortgage Lenders reveal. Yet for those who can access finance, the rewards from letting property remain strong. For story go to

Recovery could be in sight: Primelocation

There are further signs of gradually improving health in the housing market, with higher levels of buyer inquiries recorded by chartered surveyors. For story see

Landlords face registration: Primelocation

A national register of all landlords has been proposed by the Government and seems likely to be implemented as a matter of urgency. The registration could provoke widespread anger from small-scale landlords, who will resent the additional administrative obligation. For full story go to

Boost for rental sector: Primelocation

Thousands of new homes could be built in London and the South East for private rental, as a result of a scheme launched by a government agency. The initiative would be a major boost for the troubled construction sector. For full story go to

Licensed not to steal: Primelocation

A national licensing scheme for lettings agents has been launched, which could be extended to become a legal requirement. The move is intended to stamp out the exploitation of tenants, including by failing to repay deposits. For full story go to

Mortgage approvals fall again: Primelocation

Hopes that the housing market was recovering have been dealt a blow by news that mortgage approvals fell in March. They had increased slightly in February, but the overall trend remains a reduction in mortgage finance for home purchases and re-mortgages. For story go to

The Budget – the verdict: ‘Not enough’ say housing professionals: Primelocation

The Council for Mortgage Lenders describes the Budget’s response to the crisis in the housing market as “modest”. Others are blunter and say its measures are not radical enough. Despite widespread expectations that the Budget would include concrete measures to kick-start the housing market, the reality is that they are likely to have limited affect. …

The Budget – the verdict: ‘Not enough’ say housing professionals: Primelocation Read More »

The Budget – what it means for housing: Primelocation

Budget measures supporting the housing market left commentators disappointed, many of whom expected more. But the extension of the stamp duty holiday and a programme to build new homes on vacant development land provided some good news. For full story see

Signs of optimism: Primelocation

There are further indications that the property market has stabilised, with news that mortgage lending increased in February – though remaining at low levels. For story go to

Second homes become yesterday’s dreams: Primelocation

Homeowners are pulling at their purse strings and pulling up their metaphorical drawbridges as they stay put at home. New statistics reveal that the number of second home purchases both at home and abroad have slumped as the recession takes hold. For story go to