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Recent Posts
- Greece problem continues to grip euro zone
- “Euro zone crisis main threat to UK recovery”
- Under-employment masks jobless situation
- “Greece playing chicken with sovereign stakes”
- Unemployment down by 45,000
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- Fears rise over health of euro zone
- UK economic recovery continues to weaken
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- Challenges ahead for consumers as financial services change
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News Archive
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Public sector cuts hit efforts to bring rogue landlords to justice
Public sector cuts mean that councils can no longer afford to crack down on rogue landlords. The Chartered Institute of Environmental Health did a survey of local authorities, which uncovered a falling number of prosecutions of bad landlords. One council replied: “We generally have no budget to prosecute.” Another said that it had been unable [...] -
Buy-to-let remortgaging rises as landlords look to expand
Buy-to-let remortgaging is on the rise, says haart, as landlords seek to free up equity to make further property purchases. It says that the percentage of people looking to remortgage has risen to its highest level so far this year. The firm says it is also seeing an increasing number of first-time landlords looking to [...] -
Council bans £40,000-plus couples from waiting list
The private rented sector is poised for growth after one council announced that couples earning over £40,000 a year will no longer be eligible for a council house. Other local authorities are set to follow Hammersmith & Fulham Council’s landmark announcement, which goes much further than housing minister Grant Shapps’ suggestion last year that people [...] -
One in three landlords don’t know their legal obligations
Tenants have criticised landlords for failing to communicate with them and fix problems – and one in ten are renting without a proper tenancy agreement. Meanwhile, one third of landlords admitted to not knowing their legal obligations. A study carried out by Total Landlord Insurance involving landlords and tenants across the country found that 21% [...] -
More landlords breaching the law as complaints rise
A letting agent has discovered that private landlords across its region are increasingly in breach of the law. It is also calling for its competitors to sign up to the SAFEagent scheme. Linley & Simpson carried out research across Yorkshire, and found that in some council areas, the number of complaints being investigated against landlords [...] -
Could gold be losing its investment shine?
Here, John Ventre, Portfolio Manager, Spectrum and multi asset funds, Skandia Investment Group, considers the state of the precious metals market… "Gold has now fallen below US $1600 an ounce, coinciding with a general sell off in risk assets. "So far this year, the metal strengthened for the first two months of the year, alongside [...] -
Deposit Protection Service holding deposits for 300,000 landlords
The Deposit Protection Service says it is now protecting the most deposits in the five years since it launched. The DPS, which physically protects the money, says it is protecting 870,000 deposits worth £685m for 300,000 landlords and letting agents and over 1,250,000 tenants. During the last five years, it says that over 59,000 landlords [...] -
Stock markets slide as end looms for Greece
Stock markets across Europe have this morning fallen heavily amid renewed concerns over Greece. Political turmoil in the debt-hit country is fuelling the latest frenzied bout of selling which has seen most major bourses down by around 2%. Bank shares in particular have been hit hard as investors fear their exposure if Greece runs out [...] -
Buy-to-let sector continues to enjoy popularity
New buy-to-let lending in the first quarter of this year totalled £3.7billion (32,300 loans), according to the Council of Mortgage Lenders.This was 5% down on the fourth quarter of 2011. While 32% higher than in the first quarter of 2011, buy-to-let lending is still only around a third of its 2007 levels. Buy-to-let lending for [...] -
Dire warning on spread of UK poverty
Poverty in the UK is likely to get worse not better over the next decade. Changes in the labour market, combined with changes to the tax and benefit system, are likely to increase relative poverty rates across the UK, according to the latest research from the Joseph Rowntree Foundation. The report, Poverty And Inequality In [...]
