Recently added news and views

24

Jul

6 Top Tips to consider when seeking a new home

Posted on Jul 24, 2015

There is nothing more disheartening than finding your dream and then to lose it to another buyer. Below is six tips to help put in a strong position when purchasing a new home. #Tip 1 - Your Ideal Home Its Important to have a clear idea about the sort of property you want and where your priorities lie, and check that these can be met within your budget available. It is worth...

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24

Jul

How to begin your first joint venture in property

Posted on Jul 24, 2015

The idea of starting a joint property venture with another investor is to achieve better results than those you could achieve on your own.  If you are interested in doing some Joint property ventures, you need to consider, “What you can offer a potential partner”.  Why would they want to work with you?  What skills, experience or resources do you have that someone...

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23

Jul

Things to do before moving house

Posted on Jul 23, 2015

Moving house can be a very stressful activity, which requires a lot of preparation and effort. Below is some useful tips not to forget when relocating to a new place, whether it is a small removal or a large house removal. Have a moving checklist in front of you featuring the next few essential things to do from four to two weeks before moving home. 1. Start packing and sort your...

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23

Jul

Bank of England to clamp down on Buy to Let mortgages

Posted on Jul 23, 2015

Both the Chancellor at the Treasury and the Bank of England (BoE) are becoming increasingly concerned about the continuing boom in buy to let and the amount of debt now accounted for in buy to let mortgages, which is said to be around £2bn. Despite moves in the Summer Budget, removing mortgage interest tax relief and the wear and tear allowance, which could eventually curb this...

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23

Jul

New Smoke & Carbon Monoxide Alarm regulations

Posted on Jul 23, 2015

  There are quite a few new regulations coming into force on 1 October. One of them relates to smoke and carbon monoxide alarms. These will provide that landlords must Install a smoke alarm on every floor of their property Fit a carbon monoxide detector in rooms containing a solid fuel appliance Check that all alarms are working at the start of every new...

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22

Jul

Do Estate Agents really care about their Customers?

Posted on Jul 22, 2015

It has commonly been known Estate Agencies are at the top of the public’s love to hate list along with Bankers, Traffic wardens and of course Politicians. When recently asking members of the public how they felt about Estate Agents I got these responses; “They are money grabbing buffoons” “They don’t have their customers best interests instead they are...

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21

Jul

Do Northern Ireland Estate Agents charge too much?

Posted on Jul 21, 2015

Over 10 years working in the property industry we have witnessed a downward pressure on  professional fees, currently being exacerbated through lower values, lack of supply of new properties coming to the market and an overcrowded market with multiple types of estate agents.  But stop and reflect carefully on the experience of the person or reach of the company, beyond your...

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19

Jul

Bank of England heads for split on rates in August

Posted on Jul 19, 2015

The Bank of England's policymakers look likely to end their united front and split on whether to raise interest rates next month, even with the latest data showing inflation at zero and a rise in unemployment. Comments from top policymakers this week and stronger wage growth have led some economists to see chances rising that there will be higher interest rates later this...

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18

Jul

A financial crisis refresher

Posted on Jul 18, 2015

case we didn’t learn the lesson last time around, we appear to be on the brink of a refresher course on what happens when the debt markets become nervous.   Of course we now have the benefit of years of research and ruminations on the trailblazer credit crunch of 2008 in order to help inform our thinking. One such piece of research recently published by Professor White of...

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16

Jul

Stamp Duty Replacement hits House Prices

Posted on Jul 16, 2015

Its Hard to beleive scottish house prices  have risen 10.3 per cent since May last year, that is infact twice of England and Wales however values have now slumped by 2.1 per cent in the past month and only one £1m plus home has been sold in the last 10 weeks according to LSL. “Two months into Scotland’s new transaction tax regime, and the impact of the overhaul is...

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15

Jul

Bank of England alert over steep rise in buy-to-let properties

Posted on Jul 15, 2015

The Bank of England is currently looking at ways to curb risks to financial stability that might be posed by the burgeoning buy-to-let market. Minutes of the Bank's Financial Policy Committee (FPC) meeting last month showed officials' concerns about the sector that accounted for 15% of outstanding mortgages and 20% of new home loan lending in the first quarter of this...

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10

Jul

Why tax relief change for landlords is bad news for all

Posted on Jul 10, 2015

As we all know the property industry has rounded on George Osborne for cutting tax relief on private rental properties.  In a Budget that favoured homeowners over buy-to-let landlords, the Chancellor slashed the tax relief that private landlords currently receive on their mortgage interest payments, cutting it from 40pc down to just 20pc by April 2020.  The real...

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10

Jul

What impact would Greece exiting Eurozone have on the UK?

Posted on Jul 10, 2015

As the UK is not part of the eurozone, it has not directly contributed to bailing out Greece since the country got into trouble after the financial crisis.  The burden has been taken up by the big eurozone nations such as Germany who has contributed £40bn and France, contributing £30bn since 2010.  The UK has provided assistance indirectly through its...

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09

Jul

Northern Ireland Tax credits to slashed

Posted on Jul 09, 2015

The Chancellor took an axe to tax credits yesterday as part of a radical package of welfare reforms intended to ensure those on benefits face the same choices as those in work. In a move which triggered howls of protest from Labour, George Osborne announced a string of cuts or freezes to working-age benefits. The Office for Budget Responsibility said that, overall, welfare spending...

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09

Jul

National Crime Agency to lead investigation into Nama's NI property portfolio

Posted on Jul 09, 2015

The National Crime Agency (NCA), is to lead the investigation into the sale of Nama's NI property portfolio. It will also investigate claims about money contained in an Isle of Man bank account.  It is understood the PSNI asked the NCA to take the lead because of the complexity and scale of the investigation. It is the NCA's first major investigation since it began...

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07

Jul

Tax changes could result in higher residential rents in the UK

Posted on Jul 07, 2015

Landlords in the UK’s private rental sector could be forced to put up their monthly rent if their buy to let mortgage interest payments are made non tax deductible, it is claimed. The National Landlords Association (NLA) is warning that costs in the UK private rented sector (PRS) could rise by up to £2.6 billion if tax changes are made, as has been hinted. In a letter to...

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07

Jul

Mortgage Figures may be first sign of post election bounce

Posted on Jul 07, 2015

Although the housing market is showing few signs of igniting following the election slowdown, there is at least some good news from a mortgage consultancy which shows significant increases in lending during May. Analysis from Equifax Touchstone shows that both residential owner occupier borrowing (totalling £11.1 billion) and buy to let borrowing (at £3.4 billion) in May...

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07

Jul

Mortgage Lenders offering Interest Only deals again

Posted on Jul 07, 2015

Three years after Britain’s mortgage lenders effectively shut their doors to people wanting to avoid paying back the capital on their loans each month, interest-only mortgages are making a comeback. The deals, which allow people to keep their mortgage repayments down as only the interest and not the capital is repaid each month, became popular in the early 2000s as they were...

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06

Jul

Belfast Waves goodbye to Tall Ships

Posted on Jul 06, 2015

Huge crowds have turned out to watch the Tall Ships sail up Belfast Lough in a final parade of sail to mark the end of the four-day maritime festival.  Belfast is the home port for the start of the Tall Ships Races, which begin off the County Antrim coast on Monday.  The ships were making their way towards Bangor, County Down, before finishing at Whitehead in County...

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05

Jul

Ireland hoping to get its own tall Ship

Posted on Jul 05, 2015

Ireland is hoping to get its own tall ship, thanks to a £12m (16m euro) cross-border project. Chair of Belfast's Tall Ships board, Dr Gerard O'Hare, said the Irish government would part-fund the project. "We have a project under way, it's a cross-border project, for a new sail training tall ship for Ireland," he told the Good Morning Ulster...

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