Property investors in Spain who are not registered within their relevant local tourism authority and let holiday properties to tourists could face fines of up to €30,000 under new legislation. The Spanish authorities are carrying out thoroughly inspections, inspecting paperwork and even examining websites in an attempt to eradicate what they regard as unregistered letting. …
Monthly Archives: May 2008
Housing Associations Practicing Unfair Posseassions Says CAB
The Citizens Advice Bureau (CAB) revealed that despite the Government’s rent arrears pre-action protocol appears to be bedding down well, some housing associations are continuing to choose to seek possession for rent arrears using the mandatory Ground 8 under the 1988 Housing Act. The rent arrears protocol was first launched in October 2006, defining the …
Mortgage Advisors
As we said yesterday, gross mortgage lending increased in April. Now, if you are a serious property developer, you’ll know how much money that makes for the mortgage advisors. Many serious property developers have regular contact with their mortgage broker and may even have a special arrangement with one if they are a private, smaller …
Gross Mortgage Lending Improved in April
Gross mortgage lending improved in April, according to the latest figures from the CML (Council of Mortgage Lenders). Lending totalled £25.3 billion in April, a five per cent increase on the previous month but still eight per cent down on April 2007. The CML points out that the monthly increase bucks the usual trend of …
Bank of Scontland to Review Buy to Let and Self Cert Mortgages
Bank of Scotland plans to reprice mortgages from its buy-to-let and self cert ranges in an effort to keep pace with other lenders. Mortgages from the two ranges will be withdraw today at 5pm, and relaunched with new rates from tomorrow. The HBOS owned bank refused to comment on what the new rates would be. …