Rent Guarantee Insurance for Landlords UK | Mortgage lending up 33% in January
Rent guarantee insurance for Landlords UK – We seek properties all over England for our guaranteed rent scheme. All properties must be clean, in a good state of repair, fit for human habitation and safe. If they are not we may be able to help you anyway so it is worth giving us a call.
Rent Guarantee Insurance for Landlords UK | Gross mortgage lending increased by 33 per cent year-on-year in January 2014.
Some £15.5 billion was advanced for loans as buyers returned to the market in their droves, according to figures from the Council of Mortgage Lenders (CML).
Bob Pannell, CML chief economist, was particularly pleased with the average of 70,000 monthly approvals in the final three months of last year, as it represents the strongest return for six years.
The Bank of England has suggested this figure may increase to 90,000 in the second and third quarters of 2014, however, Mr Pannell is not so sure. Rent Guarantee Income
"This would seem to imply property transactions running at an annualised rate of one and a half million or so. We think this may be over-optimistic given the growing anecdotal reports of a shortage of prospective sellers," he added.Rent Guarantee Insurance for Landlords UK
While January's figures were actually eight per cent lower than gross lending in December, seasonal factors – such as it being the first month after Christmas – will have accounted for this.
Rent Guarantee Insurance for Landlords UK | Unlike other schemes for guaranteed rent , we also guarantee you a no void period and we also provide our property management services to you completely free of charge.
Rent Guarantee Insurance for Landlords UK | House prices need to be closely monitored in the coming months, according to Howard Archer of IHS Global Insight.
Buyer interest is growing across the UK, although he doesn't think it is a serious problem outside of London at the moment, despite the fact market activity across all regions has strengthened.
"[However], a number of recent data and surveys have indicated that the strength in house prices is becoming more widespread," said Mr Archer.
Governor of the Bank of England Mark Carney has already pointed to the boom and bust history of the UK's property market as a cause for concern, but Mr Archer does not think the body will alter interest rates in an effort to "cool" the housing market.
Instead, he thinks changes could be made to the current set-up of Help to Buy.