It’s been a twitchy few weeks in the property business as pundits listened to Coalition mutterings and consulted crystal balls, but in the event, today’s Emergency Budget wasn’t all that frightening after all. (Download the full text at bottom of story). (more…)
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Latest! JUNGLEdrum News, Emergency Budget report!
Tuesday, June 22nd, 20107 Reasons To Have Buy To Let Insurance
Wednesday, March 10th, 2010Buy to let properties can offer a great return on your investment. In the UK alone two million people, or 5 %, have a second home which they rent out. This has increased by 300,000 in the last five years. The number of buy to let mortgages has increased by 98% since 1994.
On average the typical landlord is a male aged 36 to 55 with another job along with their property investment. Most landlords see their property portfolio as a retirement safety net.
When investing in property you need to make sure you’ve researched all the risks. One of the ways in which can cover yourself is through insurance. (more…)
10 Year low in mortgage lending
Friday, March 5th, 2010So just when we thought the doom and gloom was over, the news is out that January 2010’s gross mortgage lending was 21% down on the same time last year.
Not only that, but just in case we weren’t depressed enough, the Councilof Mortgage Lenders tell us that the figure was a 10 year low, with ‘just’ £9.1bn during the month.
We’d usually expect a fall at the start of the year, but with months of rising interest ending, we weren’t quite expecting a 10 year low!
Of course, it could have something to do with the end of the temporary stamp duty holiday on homes of less than £175k, as house purchases grew in December 2009. (more…)