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Rent_or_Buy_Property

Number of tenants Renting Property Set To Overtake Number of Home Owners By 2025

 

Renting To Overtake Home Ownership By 2025

According to a new prediction from the professional services network – Price Waterhouse Cooper, (PwC), the number of tenants in rented properties will outnumber the overall number of property owners with mortgages in less than a decade.

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CML Forecast 16% Mortgage Lending Growth In Next 2 Years

CML Forecast 16% Mortgage Lending Growth In Next 2 Years

Council of Mortgage Lenders Predict Significant
Mortgage Lending Growth

The Council of Mortgage Lenders (CML) have predicted that gross mortgage lending in the UK will increase by 16% over the next two years.

The CML says gross mortgage lending in the UK reached around £207 Billion (GBP) in 2014 and they firmly believe that gross mortgage lending will grow by 7% to £222 Billion (GBP) during 2015.

Following that, the CML also forecast a further 8% increase to £240 Billion (GBP) in 2016, up 16% when compared to gross mortgage lending in 2014.

While the CML are happy to forecast 2 years of mortgage lending growth, it acknowledges that the pace of growth has slowed compared with the 18% recorded from 2013 to 2014, with gross mortgage lending increasing from £176 Billion (GBP) in 2013 to £207 Billion (GBP) in 2014.

In its analysis, the CML said that the stamp duty reforms announced by the Chancellor, George Osborne, in the Autumn budget would help boost overall mortgage lending activity, following the lull encountered in the summer of 2014.

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Overseas Property Investors Targeting UK Property Bargains

Overseas Property Investors Targeting UK Property Bargains

Overseas Property Investors Know A Bargain When They See  One!

There has been a great deal of debate about the impact of overseas property investors and foreign nationals purchasing property within the city of London, driving up property prices and giving the UK housing market a boost.

Foreign property investors purchased up 75% of new residential property developments within the central London area during the last 12 months, although many developers argue that many of these residential properties would not have been built without the up-front cash from overseas property investors.

According to data from Knight Frank, foreign property investors also purchased 49% of all properties valued over £1 Million (GBP) in central London during the same timeframe, and new residential properties accounted for just 20% of these property transactions.

The 10 most expensive post codes in central London are SW1, SW3, SW5, SW7, SW10, W1, W8, W11, WC2 and NW1 had 3,477 residential properties for sale.
70% of these properties were valued over £1 Million (GBP)

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Government Seek Bids For Build-To-Rent Scheme

Government Seek Bids For Build-To-Rent Scheme

Build-To-Rent scheme seeking bids from property developers to help bring about the fastest rate of affordable residential property construction for two decades 

UK Government Housing Minister, Mark Prisk, last week announced a second round of funding for the construction of new rental properties and the government are seeking fresh bids for a share of at least £400 Million (GBP) to build new properties specifically for the private rental sector (PRS).

The funding is part of the flagship £1 Billion (GBP) Build-To-Rent fund, which offers support for property developers and property investors who want to get into the private rental sector for the first time.

Mr Prisk said the new Build-To-Rent scheme would encourage investment in the UK’s private rental market and offer prospective tenants a greater choice of rental property. The scheme is intended to run alongside up to £10 Billion (GBP) in government housing guarantees.

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New Affordable Housing Guarantees Funding Is Intended To Deliver

New Affordable Housing Guarantees Funding Is Intended To Deliver
Thousands Of Affordable Properties

New Affordable Housing Guarantee Funding Is Intended To Deliver Thousands
Of Affordable Properties

On the 24th July 2013, Government ministers announced a multi-million pound boost to build thousands of new and affordable residential properties in the UK.

69 different housing associations and developers will each receive a share of £220 million (GBP) to deliver almost 14,000 new and affordable residential properties outside of the London area.

Work on the new residential properties will be started by March 2015 and will be expected to be completed by 2017.

The move is part of wider government efforts to get Britain building, which will lead to the fastest annual rate of affordable house building for over 2 decades.

The increased funding is part of the expanded £450 million (GBP) Affordable Housing Guarantees which will support up to £3.5 Billion (GBP) in government debt guarantees to deliver thousands of new homes.

Of the almost 14,000 homes this money will help deliver, the majority will be available at an affordable rent with 2,000 of those available to buy through shared ownership.

Housing associations and developers who plan to use the guarantee scheme will now work with the Affordable Housing Finance to finalise the details of the loan funding that will work alongside today’s grant allocations.

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Planning Minister Slams Irresponsible Councils

Planning Minister Slams Irresponsible Councils

Government Planning Minister Claims Planning Laws are sending UK housing back to the 19th Century

Planning Minister Nick Boles has stirred up a real hornets’ nest by claiming that local authorities that save green fields instead of building residential properties are irresponsible, and building new homes must be prioritised above preserving fields.

Nick Boles argued that homes create more human happiness than fields, whilst revealing the Government is determined to speed up the rate of residential house building, despite strong opposition.

Mr. Boles slammed local authorities in an interview with the Daily Mail stating:”Deeply irresponsible councils and communities that refuse to co-operate with the government’s expansion plans will risk losing their hospitals and high street shops as their populations shrink. I understand that rural campaigners are very worried when green-field land is replaced by the sheer ugliness and soullessness of housing estates. However, current planning laws are sending Britain back to the 19th century when only the well-off could afford their own home. The sum of human happiness that is created by the houses that are being built is vastly greater than the economic, social and environmental value of a field that was growing wheat or rape.”

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2013 State Of The Property Market Report

will help Property Investors avoid the same fate

2013 State Of The Property Market Address

Controversial Report Saves Property Investors From Losing A Fortune

It could easily be summarised as: “Scandal in paradise

You might even have read about it on “Spotlight” previously or seen this elsewhere in the press VERY recently…

In fact, the last few weeks have brought to light the massive failings (false promises?) of one particular “Self-Invested Personal Pension” (SIPP) provider.

As covered by the likes of The Guardian, CityWire, and FTAdvisor…

Questionable incentives, fraud allegations, frozen assets, pay-offs, mass refund requests…

So, in a nutshell, what happened…?

They got the buying model wrong.

And that is FUNDAMENTALLY IMPORTANT

Here’s how you can avoid the same mistakes:

Download Your FREE copy of The 2013 State Of The Property Market Address PDF

It’s simple…

Going out there and trying to be a property investor without getting educated is sabotaging your own success. (especially when entrusting EVERYTHING to a done-for-you service provider. “A fool and his money…”)

Doing Your due-diligence is key!

Which is why the two most renowned expert property investors of the last ten years have produced THIS compelling report on the state of the UK property market.

Download Your FREE copy of The 2013 State Of The Property Market Address PDF

They’ve already helped thousands of keen new property investors to avoid getting stung over the last seven years

And in light of these recent high-profile cases, they feel a sense of duty to other property investors like You to reveal these key predictions and strategies for 2013.

This will help cut through the noise, get clarity, and take your next steps in the right direction…

Without risking your savings!

Download Your FREE copy of The 2013 State Of The Property Market Address PDF

Some of the content revealed will be of a sensitive nature, and last year they were forced to take their controversial report down after just a few days…and this years State of The Property Market Address is even more explosive!

2013 State Of The Property Market Address

The Controversial 2013 Property Report Every UK Property Investor Is Talking About

This report is only available for 2 weeks so Get it NOW!

There Will Never Be A Better Time To Invest In Property

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