Annual Rent Inflation hits 4.1%
According to the latest Buy-to-Let Index from LSL Property Services Plc rents have hit a record high in June and have broken the £700.00 per month barrier for the first time. The increase has seen the average rent increase by £28.00 per month compared to June 2010 and an average yield of 5.2 per cent, […]
Houses in Multiple Occupation yields rose to 10% in Q2
According to the broker and packager, Mortgages for Business, average buy to let yields have increased, quarter on quarter, with vanilla products now offering a yield of 5.8 per cent and complex deals offering up to 10 per cent. Also rising quarter on quarter is the number of buy to let deals available, up 35 […]
Abolition of HIPS caused more sale aborts
According to a report on www.telegraph.co.uk almost one third of property purchases are falling through. The telegraph reported that according to figures from 1st Property Lawyers, a large conveyancing firm in Leicestershire, 29 per cent of property transactions fell through during the first half of this year, up 8 per cent on figures from three […]
Brokers urged to continue with ABS plans
Despite a possible delay to their introduction brokers are being urged to continue with their plans to create alternative business structures. It is expected that many brokers will seize the opportunity, given by the Legal Services Act, to create an ABS, which allows businesses outside of the legal sector to offer legal services, licensed by […]
LMS strengthened by acquisition by leading estate agents
With a number of remortgage tenders arising later this year and early next year LMS the conveyancing panel management business has taken a significant step forward through an agreement with Connells and LSL. The management team will surely be proud of what they have achieved with this agreement. LSL, and Connells together with the existing […]