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Amy Winehouse home now up for sale

May 31, 2012

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The beautiful home of the late Amy Winehouse is now up for sale, the 3 bedroom semi-detatched house can be yours for a cool £2,699,950.

The semi – detatched period villa is in Camden Square, London with Camden being one of the hottest boroughs to live in. In the area you will find artists, journalists and the creative types.

The nearest tube stations to the home are Camden Road, Kentish Town and Camden Town. You would be within walking distance to the famous Camden Market and London Zoo is just a bus ride away.

This home has been in the papers recently due to the last owner, Amy Winehouse. She was the most famous name in the area with Camden Town being her place to be seen.

 

Pictures of this fantastic home are from Right Move.

 

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Burglary hotspots in the UK

May 18, 2012

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Justlandlords.co.uk have looked into the places in the UK that have had the most burglaries and have made and info graphic to show how high the rates are.

Number one on the list is Stoke Newington, London, with number of thefts per 1000 enquiries at 33.6.

Included on the list is West Bromwich (31.7), Bramley in Leeds (30.0) and Wheatley in Doncaster (27.3).

All information is based on home insurance claims, it just goes to show how important it is to have insurance for your possessions.

Click the picture for a larger image.

For Home Insurance information go to www.cia-insurance.co.uk

*Source – justlandlords.co.uk & Hip consultant

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Squatters now face prison sentence if found squatting in private property

May 14, 2012

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After much deliberation a new law regarding squatters rights will come into action within the next few months.

This new legislation, which ministers want to be actioned within two months, has received Royal assent in Parliament so this will now come under the legal aid, sentencing and punishment of offenders act.

Many court battles have been seen over the years with squatters, squatting at the moment is only a civil offence.

When the new law is actioned squatters can be faced with a prison sentence if found squatting.

Landlord Action founder Paul Shamplina said the decision “should prevent landlords and homeowners having to enter into lengthy and expensive legal battles”, but he urged property owners not to be complacent and to avoid void periods that may attract squatters wherever possible.*

 

*Source – Stride

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Property sales rose in March

May 1, 2012

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March 2012 saw a rise in property sales which HM Revenue And Customs have called a ‘typical spring bounce’.

February saw 63,000 sales and March sales rose to 74,000. This also shows that many buyers were taking advantage of the stamp duty deduction.

The stamp duty deduction may also be why mortgage lending rose in March, unfortunately the stamp duty is back in place so from now on many lenders and estate agents may see a drop in numbers.

Property sales and lending are still nowhere near what they were in March 2007 when the UK saw a property boom.*

 

*Source BBC News

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House prices have a small rise in the UK

April 26, 2012

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House prices have only had a slight change in the last year by having a small rise of 0.3%, the office for national statistics (ONS) have commented.

Obviously there are big differences in different regions in the UK with prices continuously rising in London but Northern Ireland and the North East have seen a sharp fall.

The average house price in the UK is £224,473, this is from February 2012 when prices rose 0.2%.

Average house prices around the UK

Rugby – £183,779 – 3rd Highest in Warwickshire

Daventry – £237,113 – 2nd Highest in Northamptonshire

Milton Keynes – £202,425 – Most popular place for first – time buyers to step onto the property ladder at the moment.

Barnet (North London) – £435,448

City Of London – £482,851

Kensington and Chelsea – £1,362,925 – A lot higher than the other average prices!

The ONS have taken over the publication of the index from the Department For Communities and Local Government.

They have commented:

 “In the 12 months to February 2012, average house prices increased in both England and Scotland by 0.4% and 1.1% respectively,” the ONS said.

“These increases were offset by decreases in Wales, where average prices decreased by 0.5%, and Northern Ireland, where average prices fell by 9.7%.

“The annual increase in average house prices in England was driven by increases in both London and the South East, where prices increased over the year by 1.7% and 1.2% respectively,” the ONS added.*

 

*Quote from BBC News

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Rents took a small fall in March, according to letting agents

April 20, 2012

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They only went back slightly but in march private rents in England and Wales fell, according to the letting agency group LSL.

The drop was only 0.3%, just £2 making the average rental price £705 per month.

The LSL group commented on the fall but said it may be a one-off. The drop may have something to do with first time buyers making the most of the stamp duty deduction and moving out before it came back.

The price of renting privately is more costly than last year, they are up by 2.7%.

“The rental market was still feeling the knock-on effect from the stamp duty deadline in March, with an increased number of tenants rushing to leave the sector in the first part of the year, easing tenant competition,” said David Newnes of LSL.

“With the passing of the stamp duty deadline increasing the cost of moving, and banks’ funding conditions likely to limit high value mortgage lending to first-time buyers, would-be buyers will be more reliant than ever on rented accommodation.”*

 

*Quote from BBC News

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Rise in mortgage lending may only be temporary say CML

April 17, 2012

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The CML (Council of mortgage lenders) have spoken of a mortgage lending rise in February.

In February last year mortgage lending for house purchases were down 17% on January this year (in January loans rose by 4% to 36,600).

First time buyer loans have also taken a rise, up by 8% in Januaty to 14,100. Making that 18% up on last year.

 The CML (Council of mortgage lenders) have spoken of a mortgage lending rise in February.

The CML (Council of mortgage lenders) have spoken of a mortgage lending rise in February.

The director general of CML has warned however that this rise in loans may only be temporary.

He said: “It is encouraging to see the continuing year-on-year improvement in house purchase lending.

“However it is not clear whether the end of the stamp duty concession will lead to a falling off in first-time buyer numbers and how much this may be offset by the government’s New Buy scheme, available to all buying a new build property.”*

Lending and sales are still far behind those before the banking crisis in 2008, they may even fall behind in activity again even with the New Buy scheme.

*Quote from BBC News

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Landlords may be looking at bleaker time, but still being told to invest

April 4, 2012

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Landlords are now facing bleaker times with rent prices dipping and also the cost of mortgages rising.

In February the average cost of monthly rent was down 1.6%, in England and Wales the price went from £719 (at its highest in October 2011) and went down to £707.

The big mortgage giants are now upping the cost of borrowing. The Daily Mail have reported that Santander and Leeds BS have now increased their mortgage rates, they are blaming the Euro zone crisis for this price hike.

Landlords have been told to keep investing as price of renting is staying high and house prices are expected to stay where they are for the next few years.

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Housing equity down due to lack in activity on the market

April 2, 2012

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The BBC have reported today about how the ‘lack in activity’ in the housing market is now affecting the latest injection of equity into UK homes.

The Bank Of England have commented saying that the last three months of 2011 the housing equity withdrawal remained negative.

The low levels of sales has majorly reflected the £8.5bn injection of equity, this mainly being because of high mortgage costs and home owners struggling with costs.

After the financial crisis hit the country in 2008 property owners have stopped taking on more debt by moving into a bigger property and buying extravagant items such as brand new cars. People are now trying to concentrate more on getting back on track with mortgage repayments.

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Nationwide announce drop in house prices in March

March 29, 2012

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Nationwide have reported a 1% drop in house prices in March compared to prices in February.

The building society have said that the average home has now gone down by 0.9% in price compared to a year earlier. The average price now being £163,327 it is the biggest annual fall since June 2011.

Nationwide have commented on the stamp duty changes and have blamed the slowdown on this.

Nationwide’s Chief Economist, Robert Gardner had said: “In our view the changing economic back drop is likely to continue to act as a drag, with house prices moving sideways or modestly lower over the next 12 months”.

 

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