Most fragile items you need to take care of while relocating

When you're relocating, you surely even consider moving your belongings, which could range from big furniture to smallest of the crockeries. Whatever that is being moved, however important or unimportant it may be to you, breaking any of those belonging could prove to be a loss making deal for you.While many of you on relocating may choose to move their belongings either through a removal or a moving company or you can choose to do it just by yourself.  However, you do is of the least concern, but it has been said that removal companies...

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Housing association - a better option for tenants than private renting

Today, half of the UK generation prefers to stay on rent, since buying homes have become difficult, living on rent is the only way out. However, seeing a marked increase in this trend, landlords, especially the private rented sector's landlords have got a chance to exploit the desperate and vulnerable tenants by charging from them exorbitant rent. Research from the Joseph Rowntree Foundation predicts that 1.5 million between the ages of 15-30 opting to live in private rented houses by 2020.While the country faces a surge in the number of...

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UK’s short -term let market grows by 41%

According to the report by Easyroomate, a UK, flat sharing site, noticed the number of short- term lets in UK to have jumped up in April. Short -term lets accounted to 41% of the properties listed, leading to an increase of 2% in the last 6 months to over 6000 properties. This trend is seen to be occurring in the major cities of UK.  Majority of them taking place in: London – 21% Manchester- 3% Birmingham – 3% Bristol- 2% Leeds – 2% The report further gives information on people who availed short-term letting in UK. These groups...

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Private Residential Rents in UK tumbles

Report from the independent estate agency in UK, haart, noticed a fall in the average residential rent in UK up to 4.3% in May.  The report further states a marked fall at round £919 a month in May for residential properties in London, in the month of May. Also interesting fact was a fact that, outside London, saw an increase in rental rates by 0.7%. to £791 over the same period.  However, on the whole, the overall average rate of rent has have only been slowing since the beginning of 2012. The trend is seen as a sigh of relief...

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Student Letting - A bright property sector in UK

The student letting in UK as a part of UK property market has undoubtedly outperformed every other property investments.  With UK, being one of the most preferred destinations for higher studies, students, around the globe are considering to go there. This is made the student letting, one of the top performing sector.There are many reasons for the sector showing out performance.  The biggest reason is the number of overseas students choosing UK as their destination for higher studies. Now, since these are students, with low budgets,...

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The thriving rental market of UK

Latest report from Royal Institution of Chartered Surveyors (RICS), states a marked increase in the rental rates of residential property in UK from the onset of the year till month.  The increased rental rate has been due to an increased demand over the supply. One of the effective reason for seeking rental houses is due to the struggling times the economy is challenging people to lead a different style. This had made renting a "way of life".  It is for this reason we see the private rental sector growing wherein more household...

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UK landlords not returning tenants’ deposits

According to the reports from the Shelter, a housing charity, complaints have been surging of private landlords deny repaying rental deposits of the tenants.  Shelter, worrying about the trend measures 86% of such grievances from the UK tenants. The UK government have had come up with several schemes ensuring tenancy protection, despite; the tenants are unsecured about their stay/occupancy.  In the face of that, shelter helpline is still getting calls on this issue. Under the rules of schemes established, it is needed requisite...

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Families in London need, £ 3, 500 per month to afford a rented home

A report analysis, Homes for London campaign, by Shelter, analyzed the cost of renting across the capital . The report showed that people in London needs to earn £3,500 per month, making it a total of £ 52,00 per annum to afford themselves rented property in UK.  More important, that this amount is needed to afford a two bed house only. However, if you're eyeing to be a tenant in eight London boroughs including Hackney and Tower Hamlets, then they would need to earn more than £60,000 per annum.  The numbers of tenants under private...

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Social housing in UK

Housing plays a central role by providing a roof; it ensures a quality life to us in the community and society that we're all a part of.  But many people unfortunately cannot make it to buying a house of their own, so they simply choose to rent and stay. However, you might not be as lucky in today's market driven world to get a well, furnished house at a low price.  This situation is true for all the people of all the countries. Needless to say that such situation also arises in fist world or developed countries.  This doesn't...

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Banking reforms to make mortgages and banking services expensive

A recent report from the UK Government is all set to limit the retail operations of UK banks from their investment operation department.  The plan detailed in the banking reform white paper which aims at safeguarding the deposits of retail customers  with taxpayer money should there arise any situation where a bank breaks down as a result of riskier investment activities. Now, the called reforms will have a detrimental effect on various parties involved in the banking activities and also the business of banking as whole. ...

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Tips to deal with your Mortgage Debt

If you've taken a mortgage loan and are unable to make regular mortgage payments, then you've just started to build for yourself the situation of "debt trap".  You may have been unable to pay because of certain other financial commitments or simply you didn't have that much cash. Now, you can't keep the situation sustained. For, if it sustains your lender will take you to court and you may then end up with no options else then losing your home. In most of the situation, if the debtor fails to repay the debt after considering the repayment...

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UK's younger generation forced to stay tenants

With the current gripping housing crisis in UK, owning homes for more than 1 million UK's younger generation is a dream that lies on schizophrenic border, making the population lot vulnerable and dependent on renting, as a choice for their shelter.According to the report by Joseph Rowntree Foundation, it is found that the number of home buyers under the age of 30 shall decrease from 2.4 million to 1.3 million by 2020, registering a marked fall of 46%. The report further indicates the danger of a situation cropping up of more than 40, 000...

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Need for regulating the private renting sector

Housing is the essential most need for humans. In UK, with the ongoing trend of economic downturn, this basic necessity is literally now turning into a luxury with the private landlords trying to charge much more to the tenants than usual.Unusual growth of the private renting sector has made lives hard for the tenants. More often, issues regarding safety and security of tenancy are neglected by the private landlords. There are many cases to prove this fact. One of such recent case in the sector was investigated by Guardian's journalist;...

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How to deal with Rental Crisis

A report from Halifax stated that in most parts of UK, people are preferring to buy a house on mortgage rather than renting.  The simple reason being, interest rate for mortgage loan is much lesser than the monthly rate of rent.The reason of this unusual trend is based on the infrequent yet fast growth of the mortgage market in UK.  The banks in UK are providing mortgage finance at the lowest interest rate. However, there are reports that sate about the changing of this trend soon, where the rate of rent would decrease and lending...

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Finding a rented house right for your pet

If you are out there a pet owner, finding a house for rent where your pet is welcomed with you, then you're just at the right place to get your thing get done.More often than not, finding a rented property where even your pet is allowed to stay is hard to find. You always come across nasty landlords for whom pets are just a "NO-NO" for pets have been known for their notoriety of damaging and dirtying the house furniture.  So, even if you possess all the qualities of a good tenant, having found you to live with your pet, might just...

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Prime renting rates in Central London take an upswing

The latest Prime Central London Rental Index shows a rise in prime renting rates in Central London by 0.1% in April this year. This is followed by the trend of following falls in the past six months; rents have increased by 1.2% over the past one year. But a further rent rate hike shouldn’t be expected by the landlords, says Liam Bailey, Head of Knight Frank Residential Research. This should be avoided over the fact that demand is outpacing the supply. According to the report it was found that the property instructions were at 56%, new...

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Scotland rental market creeps up

The new statistics show that around 30% of UK tenants are spending their net incomes on paying their rents. The percentage of tenants is seen escalating in to 32% in London The newest report from property lettings portal Citylets noted a strong growth in the Scotland’s rental market. The average rent in Scotland at present is £664; a 2.6% rise compared with the first quarter of 2011.Average rents in the city saw a moderate rise of 0.7% as a whole.Going city wise, Aberdeen has seen the most expensive rent rates of three bed flat reaching...

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UK tenants net salary goes on rent payments

and East Midlands and 33% in South-West and Wales, to a severe upswing of 36% in the south-East. The Rightmove, had warned 61% of tenants to expect their rent to be higher in 12 moths’ time. "This is unique evidence of a rental squeeze that may be leaving some tenants with little, or no, headroom left to pay more," says Rightmove director Miles Shipside.The report further noted the presence of trapped renters who are forced to pay rents to their landlords as they are not able to access a mortgage loan. The reasons that can be attributed...

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UK buy-to-let market on a positive growth trajectory

According to the survey carried out by UK’s leading estate research company, it has been noticed that UK’s landlords are extremely positive about the buy-to-let market in UK. According to the survey held by CHL Mortgages, 71% of the respondents indicated that they were positive about the growth and stability of the buy-to-let market, whereas 5% of them indicted their negativity in terms of sector’s growth and stability. However, dwelling deep into the reasons for this positive growth trajectory of buy-to-let market, many reasons could be...

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How to choose a right tenant - some useful tips

If you're a landlord out there and after showing many prospective tenants your house has been liked by one of such tenant, then it is for sure a sign of relief for you. But before fully finalizing your deal, here are some of the guidelines that you should go through and follow when you choose a tenant for you house. Here are a few tips on choosing a right tenant: The most essential tip of choosing a right tenant for your property lies in the fact of getting up-to-date references of the tenant from his former landlord and his present...

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