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Rent Guaranteed | UK house prices dip unexpectedly in April – Nationwide

May 11, 2013 | Author 03[1]

Rent Guaranteed | UK house prices dip unexpectedly in April – Nationwide

We will regularly inspect your property, to ensure it is well-maintained and that everything is as it should be, ready for when you do get a tenant again. We will also continue to advertise your property, to show it to prospective tenants and to keep you informed every step of the way. And you can relax knowing that all the while this property is empty, you are still guaranteed rent payments and are still receiving a monthly guaranteed rental income.


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The latter said it is likely to have a number of unintended consequences, including hampering first-time buyers – the very people it is targeted to help – by bolstering prices.

Its damning report said the scheme is ‘very much work in progress’ which may potentially land the Government with large losses on the mortgages it has guaranteed.

But a Treasury spokesman retorted: ‘All mortgages sold under Help to Buy will have to meet clear criteria that ensure responsible borrowing. Nobody wants to see a return to the bad old days of 125 per cent mortgages.

‘The intention of Help to Buy is absolutely clear – it is for people who want to own their first home or move to a bigger home, not a second home. We’re working with the industry on the details of the scheme to do just that.’

The latest Nationwide study last week showed house prices rising 0.9 per cent in April compared to the same month last year, the biggest annual increase in more than 12 months.

Mortgage availability has increased sharply – thanks as well to the Funding for Lending Scheme launched last August – and first-time buyers accounted for 43 per cent of house purchase loans in February, the highest proportion since the series began in April 2005.

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Guaranteed Rent Insurance| Dubai Property Group Damac Eyes London Float

May 9, 2013 | Author

Guaranteed Rent Insurance| Dubai Property Group Damac Eyes London Float

Our rent guarantee scheme is suitable for both existing landlords and potential landlords. If your property is accepted onto our scheme, you will not need to worry about rental income again while you are with us.


A Dubai-based luxury real estate developer renowned during the Gulf state’s boom for handing out sports cars and yachts to clients is plotting a listing on the London Stock Exchange.Guaranteed Rent Insurance

I understand that Damac Properties has appointed Deutsche Bank to prepare what would be the first flotation of a major developer from the United Arab Emirates since the global financial crisis engulfed it in 2009.

The listing plans are at an early stage, but Damac has also appointed the London office of the public relations firm FTI Consulting to work on the proposals, according to people close to the company.

Established in 2002, Damac has expanded from its Dubai base into North Africa, Jordan, Lebanon, Qatar and South Africa. Its name is prominently displayed throughout Dubai and, as the partner of the luxury consumer products brand Versace in major residential developments in Beirut and Saudi Arabia, symbolises the flamboyance of the Middle East’s property boom.

Earlier today, Damac unveiled plans for a 28m square feet resort called Akoya By Damac, which it claims will be “the most luxurious golf community in Asia”.Guaranteed Rent Insurance

The company’s controlling shareholder, the Sajwani family, is understood to be attracted to the liquidity of London’s capital markets, although one insider cautioned today that no final decision about the listing location had been taken. A flotation is unlikely to take place before the first quarter of next year, insiders said.

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London has seen a modest revival in the demand for listing activity in recent months, with prominent flotations including the insurance company esure, the estate agency chain Countrywide, and Crest Nicholson, the housebuilder, all of which have so far performed strongly.

Damac, which is expected to raise tens of millions of pounds if it proceeds with a London listing, declined to comment on its plans.

Like many of its peers, it has recovered since Dubai’s near-default on its sovereign debt obligations in 2009 spooked investors in the state and contributed to a plunge in property prices

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(Reuters) – British house prices dipped unexpectedly in April from March but a recently extended credit scheme should buoy the market in coming months, mortgage lender Nationwide said on Wednesday.Rent Guaranteed

Nationwide said house prices inched down 0.1 percent on the month and were 0.9 percent higher than in April 2012.

Both readings were weaker than forecasts by economists in a Reuters poll.

Nationwide’s chief economist Robert Gardner noted that comparing the latest three months with the previous three months – a smoother measure of the underlying trend – house prices have been rising since October.

“The number of mortgage approvals has edged up from the levels prevailing last year and there are reasons for optimism that activity levels will continue to strengthen in the months ahead,” he added.Rent Guaranteed

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Nationwide said policies aimed at improving the supply and the cost of credit, such as the central bank’s Funding for Lending Scheme, should continue to support the housing market.

Home buyers, as well as banks, have been the main beneficiaries of the scheme so far.

Last week the Bank of England retooled the FLS, giving banks greater incentives to lend to small and medium-sized firms. Banks can now also get funding from the programme for an extra year until the end of January 2015.

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Rent Guarantee Insurance Comparison | ‘Help to Buy’ scheme has the potential to re-ignite the housing market bubble with 20% price rises, warns leading think-tank

May 9, 2013 | Author

Rent Guarantee Insurance Comparison | ‘Help to Buy’ scheme has the potential to re-ignite the housing market bubble with 20% price rises, warns leading think-tank

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The Help to Buy scheme recently introduced in the Government’s last Budget could create a dangerous new housing bubble, inflating prices ‘almost 20 per cent within the next two to three years’, a leading economic think-tank warned.

The scheme essentially extends an existing equity loan scheme to help people buy a new-build home with a deposit as low as 5 per cent.Rent Guarantee Insurance Comparison

But a report by Fathom Consulting – run by former Bank of England economists – called it ‘reckless’, and said it could push average house prices as high as £300,000 by 2016.

‘Help to Buy uses public money to incentivise the banks to lend precisely to those individuals who, [without] the scheme, would not and should not be offered credit,’ said Andrew Brigden, a senior economist at Fathom.

‘Had we been asked to design a policy that would guarantee maximum damage to the UK’s long-term growth prospects and its fragile credit rating, this would be it.’

A Halifax study found new-build house prices rose 3 per cent faster than other property over the last five years, up 12 per cent since 2007 to £233,822. That compared to 9 per cent rises for the rest of the market. New home values in the capital soared 29 per cent to £415,540, and in the South East by 17 per cent to £292,316.

Fathom warned Help to Buy could push prices up another 20 per cent, perhaps higher. Rent Guarantee Insurance Comparison

And if the cost of a home rose by as much as this, then a burst bubble and plummeting values would be ‘inevitable’ – and new build properties tend to lose value quickly, experts warned.

The scheme has faced similar flak from two other important groups – the Government’s own independent forecaster the Office for Budget Responsibility, and the cross-party Commons Treasury Committee of MPs, which both also warned it could drive up prices.


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