View more on these topics

B2L landlords benefiting from crisis

Estate agent Your Move says buy-to-let landlords are benefiting from the liquidity crisis.

The number of leases commencing in January and February 2008 rose 21% compared to 12 months ago.

Your Move says not only has the credit crunch led to a pronounced rise in tenant demand, but that the trend is set to continue.

David Newnes managing director of Your Move, says: “The start of 2008 has seen considerable growth in the buy-to-let sector.

“Squeezed credit and volatile mortgage rates have contributed to an increased demand for rental accommodation.

“First-time buyers with little or no deposit are finding it virtually impossible to secure high LTV mortgages but they still need a roof over their heads and buy-to-let is filling the gap. The strong fundamentals are impossible to argue with.”

Your Move has seen a notable increase in the number of people looking to rent in the short term leaving landlords in a strong position to expand their portfolios.


February house prices down 0.1%, says Halifax

Property prices fell by 0.3% in February Halifax has revealed in its latest house price index.But it says that despite the fall prices are still 0.2% higher than in Q3 2007.The average price of a UK home in February was £196,649. Martin Ellis, chief economist at Halifax, says: “While the housing market has slowed over […]

Computers sometimes make decisions that make no sense

While I agree with Stephen Knight that I would not wish to go back to the bad old days of 100% paper applications, two simple examples will illustrate that computers do not always make the best decisions.

BUDGET 2008: Chancellor increases small firms loan

The chancellor has pledged to inject £60m into the Small Firms Loan GuaranteeHe says he will also roll out the scheme, which aims to provide small firms with funding support to execute viable business plans, to all small and medium businesses.

Elephant has loan extended

Elephant Loans and Mortgage has had its loan terms extended by Trafalgar Capital Specialised Investment Fund. The firm and principal lender to the company says it will defer capital payments until December 31 2008 at which point repayments will commence at a rate of £15,000 per month.Some 16 such payments will fall due at the […]

Tree - thumbnail

The politics of healthcare

Healthcare is already one of the key battlefields in May’s general election, with each of the main parties committing to deliver improvements to the NHS and public health.


News and expert analysis straight to your inbox

Sign up