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Dramatic Fall In Number Of Empty UK Properties

Dramatic Fall In Number Of Empty UK Properties

UK Empty Property Numbers At All-Time Low

According to campaigning charity Empty Homes, there has been a dramatic fall in the number of empty residential properties in the UK.

The new research shows that the number of empty residential properties in the UK dropped by 75,000 during 2013, the largest-ever annual fall in numbers.

The substantial fall has reduced the total number of empty properties in the UK to 635,127, the lowest recorded level ever, according to campaigning charity Empty Homes.

The biggest falls in the number of empty properties were observed in the North West of England and London.

There was also a large fall in the number of long-term empty residential properties, with figures dropping by over 27,000 to a new record low of 232,600.

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Buying Property At Auction Just Got Easier

Buying Property At Auction Just Got Easier

Buying Property Using Auction Finance

Many new investors are being inspired by TV programmes like “Homes Under The Hammer” on the BBC, and there are a number of ways for people to purchase properties cheaply, and the auction rooms are the best places to find some real property bargains.

Many property investors get tired of pounding the pavements in their local areas and scouring newspapers for great Below Market Value (BMV) property deals, only to lose out to first-time buyers who were quicker off the mark?

Some property investors tend to scoff at the idea of buying properties at auction, leaving a handful of knowledgeable, savvy investors to pocket the best deals.

Property auctions can be a real goldmine for property investors because many auction houses list properties out of their area, so the number of people bidding on them is low! That’s how some of the most unbelievable property deals are scooped up by amateur investors.

Buying properties at a property auction is a great way to grab a real bargain and a fantastic way for landlords and property investors to expand buy-to-let property portfolios without breaking the bank, using specialist finance products.

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Fresh Warnings Over Rent-To-Rent

Fresh Warnings Over Rent-To-Rent

Rent-To-Rent Contracts May
Breach Mortgage Agreements

National newspapers are claiming that the Rent-To-Rent strategy for maximising profits from rental properties is immoral and illegal

Private rental sector landlords who utilise a rent-to-rent strategy, by which a property investor agrees to rent a property from the owner with the intention of sub-letting it to tenants for a profit, are being urged to check with their mortgage lenders that the practice will be allowed.

The warning was printed in The Sunday Times and follows last week’s news published by The Guardian newspaper and landlord news portal LandlordToday.co.uk, on the rent-to-rent phenomenon, which drew a mixed reaction.

Some lenders will not allow sub-letting, including The Mortgage Works (TMW), although BM Solutions does permit sub-letting.

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Advertising Property For Sale

Advertising Property For Sale

Once you have made the decision to put your property for sale on the open market you will need to decide on your marketing strategy. There are various options available in the UK for sellers to consider; do you want to go it alone with a private sale, stick with convention and instruct a local high street estate agent or opt for the middle ground with an internet based agent?

Each option has its pros and cons but no matter which you choose you will need to get the property for sale seen by potential buyers!

For sale boards are a great strategy. Many people consider them old fashioned but they really are a cost effective, simple and efficient way of generating interest in your property. For sale boards will work more successfully for some properties than for others based on two main factors.

Firstly the area, is there good footfall or a high level of passing traffic?
The board needs to be seen in order to work!

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Government Set To Backtrack On Landlords Conducting Immigration Checks

Government Set To Backtrack On Landlords Conducting Immigration Checks

Bill forcing landlords to check Immigration status of tenants
will be watered down

As previously reported on Spotlight the Government proposals for landlords to check the immigration status of all tenants, has already caused a great deal of outrage from all sectors.

http://mypropertypowerteam.com/landlords-expected-to-do-uk-border-agencys-job-for-them/
http://mypropertypowerteam.com/even-mps-think-landlord-immigration-checks-are-unworkable/

Government ministers look likely to perform the expected U-turn and backtrack on the proposal that would require landlords to verify the immigration status of their tenants.

Prime Minister, David Cameron is reported to have been livid when he was told that the proposed new legislation would have to be watered down.

According to a report in the Daily Telegraph, the legislation that is set to become part of a the new Immigration Bill, will not be rolled out nationally, instead, only landlords in certain parts of the UK will be forced to carry out immigration checks and the newspaper named some boroughs in West London would where landlords would be at the forefront of policing the immigration requirements.

Communities and Local Government (CLG) secretary, Eric Pickles, is reported to think that a mandatory requirement for all UK landlords would involve a great deal of additional red tape, and the resulting extra costs would end up being paid for by tenants.

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