Posts Tagged ‘guaranteed rent for landlords’
Guaranteed Rental Income | Hammersmith Property Prices Scale New Heights
Guaranteed rental property – Being a property management company specialising in guaranteed rent that the biggest drawback of owning a rental property is void periods in between tenants. A buy-to-let property is no good as an investment if it isn’t making any money. This is why we offer a great guaranteed rent solution.
Guaranteed Rental Income | The average property price in the W6 post code area soared above the three quarters of a million mark to reach £756,844 in the fourth quarter of 2013 – a rise of 15.2% compared to the same period last year.
It was also up 9.2% over the previous quarter, when the average price was £693,062.
This leap in the overall average was mainly fuelled by house prices. Semi-detached houses were up by a huge 31.9% on the previous quarter, when the average was £1,600,000, breaking through the two million barrier to reach £2,110,000. Rent Guaranteed
Terraced houses were not far behind, showing a rise of 27.6% over the previous three months, from £1,073,697 to £1,369,797.
The figures also show that in the longer term, terraced houses in Hammersmith have more than doubled over five years, rising by 102.7%, while over ten years, they have jumped by 171.8%.
The statistics for semi-detached houses are even more striking, with prices having risen by an astonishing 261.3% over ten years.
Flats however, slipped to an average £424,364 – a drop of 5.8% from the previous £450,266.
Over the longer term though, flat prices have been rising steadily, by 44.8% over five years and 84.6% over ten.
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Guaranteed Rental Income | The very top of the market in W6 continues to thrive, with a house on Hammersmith Grove sold for £3,900,000 to become area’s third most expensive while one on St. Peter’s Square cost its new owners £3,715,000, the fourth highest price ever in W6.
The volume of sales also remains strong at 135 – up by 50% compared with the same period in the previous year. Guaranteed Rental Income
hammersmith property prices
Looking at London as a whole, December data from Land Registry’s House Price Index shows that our city remains the best performing property market in England and Wales. The average price of a home in the capital rose by 11.2% over the year to £403,972.
For the country as a whole prices rose by 4.4% which takes the average property value in England and Wales to £167,353. Repossession volumes decreased by 28% in July 2013 to 1,187 compared with 1,645 in July 2012.
The most up-to-date figures available show that during October 2013 the number of completed house sales in England and Wales increased by 21% to 71,929 compared with 59,213 in October 2012. The number of properties sold in England and Wales for over £1 million in October 2013 increased by 40% to 913 from 651 in October 2012.
Looking ahead, the more positive outlook continues with a net balance of 40% more chartered surveyors predicting transaction numbers to increase in London over the coming three months, while expectations for future prices are also strongly positive.
Jon Pishiri, RICS London residential spokesperson said, “The lack of supply in London continues to push the price upwards in the region, reinforcing the need to increase our housing supply. The distinct nature of London’s property market indicates that a unique approach for the capital should be adopted.”
A detailed listing of properties sold recently in the area will be appearing in a forthcoming edition of the Hammersmith newsletter.
Our rent guarantee scheme provides you with between 1 to 5 years worth of guaranteed rental income. What’s more, there’s no catch and no fees involved. Contact Guaranteed Rental today on 020 8694 8098 to find out more.
Guaranteed Rent London | First-time buyers ‘having regrets,’ shows Government research
Guaranteed rent London – Being a property management company specialising in guaranteed rent that the biggest drawback of owning a rental property is void periods in between tenants. A buy-to-let property is no good as an investment if it isn’t making any money. This is why we offer a great guaranteed rent solution.
Guaranteed Rent London | One in five people who recently got onto the property ladder now regrets not buying somewhere cheaper, according to research by a Government-backed body.
The Money Advice Service (MAS) found “concerning” evidence that many recent first-time buyers are feeling financially over-stretched after under-estimating all the costs that being a home owner brings.
It is warning those trying to move on or up the ladder as the housing market revival continues to gather pace to make sure they are not taking on too much financially.
The MAS found three-quarters (74%) of people who bought their first home in the last two years said they had to stretch themselves financially to afford it.
Some 19% of the recent first-time buyers surveyed said that with hindsight, they wish they had bought somewhere cheaper. Nearly two-fifths (38%) of those surveyed lie awake at night worrying about their finances.
More than half (55%) of recent first-time buyers also found the additional expenses associated with buying a home on top of their mortgage payments had been more than they had expected. Many said they had misjudged the impact of solicitors’ charges and removal costs on their finances, while others had not given consideration to stamp duty.
The service has launched a new campaign to help those struggling on the first rung of the property ladder to get a grip on their budget. Guaranteed Rent
It is urging aspiring first-time buyers to make sure they think not only about mortgage costs but all household expenses, including council tax, utility bills and home insurance, when deciding whether they can really afford to buy a home.
The MAS offers free, impartial advice on its website – www.moneyadviceservice.org.uk – which has tools to help people work out moving costs, plan their budget for living expenses, cut back on their spending and put money into savings.
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Guaranteed Rent London | Figures released by the Council of Mortgage Lenders (CML) this week showed that first-time buyer numbers reached their highest annual numbers since 2007 last year, with this sector making up around 44% of all mortgages advanced to home buyers in 2013.
Government support schemes like Help to Buy have helped to inject new life into the housing market by boosting the flow of mortgage deals available for people with deposits as low as 5% saved.
But there have also been suggestions that would-be buyers are feeling more under pressure to get on the property ladder amid strong house price increases in some areas.
The CML’s latest figures indicate that first-time buyers have recently been stretching themselves further with their mortgage borrowing. First-time buyers typically borrowed 3.43 times their gross income in December last year, edging up slightly from a ratio of 3.38 in November.
The MAS is an independent body set up by Government and funded by a levy on the financial services industry. Guaranteed Rent London
Caroline Rookes, CEO of the service, said: “It’s really concerning to hear so many recent first-time buyers have over-stretched themselves financially.
”I urge all home buyers – even those higher up the property ladder – to ensure they are not taking on too much if they’ve borrowed the maximum available.
“Being able to afford the mortgage doesn’t mean you can necessarily afford the home – and all the associated costs.”
The research surveyed 974 people from the UK who had bought their first home in the last two years.
New rules are set to come into force in April which will mean lenders have to carry out more checks to work out whether people can really afford the mortgage they want to take out.
The Mortgage Market Review rules mean that lenders will have to consider whether a borrower would still be comfortable making their mortgage payments following a rise in interest rates.
Guaranteed Rental – Do you want to receive monthly rent even when the property is unoccupied?. Please contact us on 020 8694 8098 for extensive references to see how we can help you today.
Guaranteed Rent for Landlords | Record demand for London prime property in January
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.
Nearly half of all prime properties sold in London during January went for asking price or higher, it has been revealed.
Demand for houses in this part of the country during the first month of the year has never been stronger, according to figures from estate agents Marsh & Parsons.Guaranteed Rent for Landlords
Thirty-four per cent of properties sell within two weeks of going on the market and the ratio between supply and demand is at a four-year high, fueling concerns that a property bubble is developing in the capital.
Peter Rollings, chief executive officer at Marsh & Parsons, thinks the surge in potential buyers since the turn of the year means that now is the time to get a “jackpot price on property”.
“These extraordinary conditions have created a strong seller’s market and one of the best opportunities to sell property in recent years,” he added.
The estate agent’s study showed there were 23 registered buyers competing for every home last month – this figure only stood at 14 in January 2013.
Mr Rollings puts the demand down to the “perfect combination” of low interest rates and competitive mortgage finance.Guaranteed Rent for Landlords
London’s property market has also for some time been viewed as an ideal investment opportunity, attracting rich migrants from all over the world who consider residential property in the UK capital to be a ‘safe haven’ for their cash.
“This doesn’t surprise me at all,” said Sophie Dworetzsky from law firm Withers. “If you invest in high-end London property you probably feel you have a degree of certainty – it’s like a safe currency.”
However, Mr Rollings did urge buyers to show a degree of caution when searching for houses, as he noted property regularly goes for over the asking price in a seller’s market.
For example, the average price of a two bedroom property in outer prime London rose by 17 per cent in 2013, which represents an increase of almost £100,000.