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CML Announce Buy To Let Mortgage Growth

CML Announce Buy To Let Mortgage Growth

The Council of Mortgage Lenders (CML) has announced details on the growth of Buy-To-Let mortgages in the UK as more landlords enter the rental property market.

Over the past quarter, buy-to-let mortgages have created a gross total of £4.2 Billion (GBP) across 33,500 mortgages and CML reports that there are now around 1.46 Million buy-to-let mortgages held by landlords in the U.K.

According to the CML, by the end of March 2013 UK buy-to-let mortgages accounted for 13.4% of the total outstanding mortgage lending in the U.K.

The increase in lending for buy-to-let mortgages shows steady growth from the previous quarter at 13% and 12.9% at the end of the first quarter of 2012.

The latest CML report also highlighted that buy-to-let mortgages account for 8.3% of all mortgages reported as being in arrears over the past three months, a significant drop from the 10.5% reported in the first quarter of 2012.

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 Potential new documentary for Channel 4 

looks at the world of problem tenants

Documentary wants to hear from landlords with problem tenantsBruce Haagensen received the following request from Jennifer Gilroy of IWC Media and wondering if Landlords would like to participate in a possible documentary:

My name is Jennifer Gilroy and I’m a producer with a television production company. I’m developing a potential documentary for Channel 4 which looks at the world of problem tenants.

Channel 4 are really interested to develop a programme which explores the current economic climate and how it is affecting the private rental market – from the recession hit ‘accidental landlords’ to other landlords with larger property portfolios – but all having to deal with the consequences (financial and emotional) of troublesome tenants.

We’re hoping to look at this from people at the early stages of problems perhaps trying to deal with it through dialogue with their tenants, to other cases which have gone down the legal route towards eventual eviction.

I have detailed below some further information about my company and the documentary proposal.  And of course if you would like to discuss the project with me in more detail, I’d be delighted to be able to chat to you and ask advice.  I work in our development team and so this is not a commissioned documentary, Channel 4 have asked us to explore the area and find potential people to be involved, so any help or advice would be hugely appreciated.

IWC Media, producers of award winning documentaries such as ‘Stephen Fry: Secret Life of a Manic Depressive’ and makers of long running property series ‘Location, Location, Location’, are developing a new documentary for Channel 4 looking at the world of landlord and tenant disputes.

They want to hear from landlords who are currently in dispute with their tenants – from rental payments to concerns about the state of their property. 

The purpose of the documentary would be to look at the financial AND emotional costs the current economic climate is having within the private rental market.

Whether they’re at the start of the problem or have already sought legal advice to evict – we’d like to hear from them.

Many thanks for taking the time to read this request and I hope you might be able to help.

If you are interested, please contact Jennifer direct either via telephone on 0141 353 8417 or email at jennifer.gilroy@iwcmedia.co.uk

About IWC Media

IWC Media is the largest independent television production company in Scotland and, as part of Zodiak Media Group, one of the world’s leading creators, producers and distributors of content for TV, radio, new media as well as cinema. 

With offices in Glasgow and London, IWC has a well-established reputation for making, intelligent, popular and award-winning content for all the terrestrial and digital channels in the UK as well as broadcasters beyond the UK such as Discovery, the History Channel and National Geographic. 

Our output ranges from popular factual, lifestyle and formats in peak-time and daytime through to landmark documentaries, blue-chip science, art and history series.    

As well as being incredibly proud of the range of programmes we make, we also pride ourselves on the way we make them.  We’ve built up a strong track record and reputation making powerful documentaries which often involve high profile talent exploring difficult but important issues, or sensitively handled access where we’ve worked closely with organisations like the police, hospitals, councils or charities to gain access in to worlds an audience rarely gets to see.  Some examples hopefully showing the range and quality of our output include: 

  • Stephen Fry: The Secret Life of the Manic Depressive (2 x 60) BBC2
    Series exploring bipolar disorder and winner of International Emmy for Best Documentary
  • Terry Pratchett: Living with Alzheimer’s (2 x 60) BBC2
    Winner of BAFTA Scotland for Best Factual Series & Broadcast Award for Best Documentary Series
  • Making Faces (4 x 60) FIVE
    Documentary series currently being produced following a facial reconstruction unit and team at the Queen Elizabeth Hospital in Birmingham
  •  Big Body Squad (7 x 60) FIVE 
    Documentary series following bariatric teams up and down the UK dealing with our largest people.
  • Gareth Gates: Stop My Stutter (1 x 60)  BBC THREE
    Documentary following Gareth Gates helping 4 young stammerers to speak.  
  • Location, Location, Location Channel 4
    Our long-running, benchmark property format with professional house-hunters, Kirstie Allsopp and Phil Spencer. Now entering its eleventh year and still going strong
  •  Extreme Fishing with Robson Green Five
    The hugely successful fishing travelogue presented by actor Robson Green 
  • Brave New World with Stephen Hawking (5 x 60) Channel 4
    Landmark series celebrating the great visionaries of British science, presented by some of our greatest living scientists and engineers including Stephen Hawking, David Attenborough, Richard Dawkins, Robert Winston, Mark Evans, James Dyson, Aarathi Prasad, Jim Al-Khalili.
  • Mountain with Griff Rhys Jones (5 x 60) BBC1
    Winner of Scottish BAFTA for the Best Factual Entertainment Programme
  • A Year in the Life of J K Rowling (ITV1)
    Through extraordinary access we followed J K Rowling as she wrote the last Harry Potter novel  
  • Cutting Edge: The Air Hospital (1 x 60) Channel 4
    Documentary following elite pilots and medics flying critically injured troops home from Afghanistan
  • Modern Masters with Alastair Sooke (6 x 60) BBC1
    A landmark arts series on four legends of Modern Art: Matisse, Dali, Warhol and Picasso.
  • Lost Kingdoms of Africa (4 x 60) BBC4 and BBC2
    Landmark series exploring forgotten Kingdoms of pre-colonial Africa fronted by Gus Casely-Hayford
  • Rory and Paddy’s Great British Adventure (Five)
    A road trip round Britain with Rory McGrath and Paddy McGuiness taking part in mad events.
  •  Ten Days That Made the Queen (Channel 4)
  •  Ross Kemp on Gangs (4 x 60) Sky One
    Broadcasting Press Guild Award for the Best Multi-Channel Documentary
  •  The Genius of Charles Darwin (3 x 60) Channel 4
    Winner of Broadcast Award for Best Documentary Series & Scottish BAFTA for Best Factual Series
  •  The Root of All Evil with Richard Dawkins (2 x 60) Channel 4
    Polemical journey exploring roots of religion and winner of Scottish BAFTA for Best Documentary
  •  The Enemies of Reason with Richard Dawkins (Channel 4)
    Two part series on irrationality with the celebrated academic. 
  •  Robbie Coltrane’s B-Road Britain (ITV1)
    Road trip round Britain with one of its best loved comic actors.
  • Stephen Hawking: Master of the Universe (Channel 4)
  • Kirstie’s Homemade Home Channel 4
    Popular home-craft format following Kirstie Allsop’s attempts to renovate her home
  • Crimes that Shook the World (Discovery)
    Respected series exploring the lives of serial killers around the world.  
  • The Detonators (Discovery)
    A series following the work of companies who blow up buildings. 
  • A Woman in Love and War: Vera Brittain (BBC One)
    A powerful documentary celebrating the life of Vera Brittain.  Presented by Jo Brand 
  • Wreck or Ready? BBC Daytime
    A brand new format delivering high-quality multiple episodes on a fast turnaround schedule
  • The Joy of Motoring (BBC4)
    The history of driving with historian Tristram Hunt. 
  • Scots Who Made the Modern World (BBC Scotland)
    Series celebrating great Scottish inventors, medical pioneers and engineers. 
  • The Pre-Raphaelites (BBC4) 
  • Michaela’s Zoo Babies (Five) 
  • UK’s Toughest Jobs (Sky One)
  • Mean Machines (Discovery

For more information, visit our website at www.iwcmedia.co.uk and http://www.zodiakmedia.com/

March 2013 Sees PRS Rents up by 0.5%

UK PRS Rents Increase Again

UK PRS Rents Increase Again

UK private rented sector (PRS) rents increased for the first time in five months in March 2013, led by busy regions such as London, according to LSL Property Services. 

The latest figures reveal that average monthly PRS rents rose by 0.5% in March compared with February to reach an average of £735 (GBP). 

London private sector rents surged to a new average high of £1,106 (GBP) per month, following a 1.3% month-on-month increase.

The study, which has been running for five years, is based on rents achieved on 18,000 UK PRS rental properties, show that average rents in the capital are now £81 (GBP) higher year-on-year.

However, the increase in rents has left a greater number of tenants struggling to keep up.

Tenants’ finances worsened to levels not seen since before Christmas 2012, with 8.5% of all rent late or unpaid in March, compared with 7.4% in February.

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Tax Year Deadline is 31st January 2013

Tax Return Deadline Looms For LandlordsDespite all the awareness campaigns and TV advertising, Her Majesties Revenue & Customs (HMRC) repeatedly attempt to tell us that completing a self assessment tax return doesn’t have to be taxing!

However, as anyone who has ever completed a self assessment tax return will tell you, the evaluation of personal income for the tax year and the amount of time needed to complete a self-assessment form, either on paper or online can be very considerable.

When managing a single property or declaring a growing rental property portfolio, it can be hard work to set aside the time needed to tick all the right boxes.

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EU Decision Good News for UK Buy-To-Let landlords

EU Decision Good News for UK Buy-To-Let landlords

The decision by MEP’s to remove Buy-To-Let mortgages from the scope of a new EU Directive has been welcomed by a host of property professionals including the Residential Landlords Association (RLA) and Legal 4 Landlords.

Under the original European plans, mortgage lenders would no longer have been able to take account of rental income when considering whether to lend to a landlord for a new property, despite the fact that there are specialist insurance products that can guarantee the rent.

The European Parliament committee looking at the Directive has decided that buy-to-let mortgages would be taken out of its scope altogether, after a great deal of high pressure lobbying from a number of sources including the RLA.

Alan Ward, Chairman of the RLA responded to the EU announcement saying: “Today’s decision by MEPs represents a common sense solution to a measure that would have crippled the private rental market in the UK. With a chronic shortage of properties in the sector, the initial proposals would have exacerbated the problem still further, causing further difficulties and higher rents for those looking for rental accommodation.”

Sim Sekhon, spokesman for specialist landlord services provider, Legal 4 Landlords also commented on the decision “It’s good to see that sense has prevailed within Europe, now landlords can get on with providing quality housing for tenants in the private rental sector without worrying that they were going to lose the right to expand their property portfolios. The EU decision to exempt Buy To Let mortgages from the firing line is good business for UK landlords. Rental income is the lifeblood and there are steps for landlords to take to ensure that cashflow remains constant, such as using comprehensive tenant referencing services to make sure you accept the right tenant and rent guarantee insurance to provide a guaranteed income. Having a secure income is vital for any business and property is no exception”.

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