Address: 287 Bexley Road, Northumberland Heath, Erith, Kent, DA8 3EX Telephone: 01322 400222http://www.ableestates.comen-gbnhsales@ableestates.comwww.AcquaintCRM.co.ukWed, 19 Jun 2013 12:00:00 GMThttp://www.acquaintcrm.co.uk/customers/ABLE/logo.gifhttp://www.ableestates.comhttp://www.ableestates.com/propertydetails.aspx?PropertyID=2731THREE BEDROOM VICTORIAN TERRACE PROPERTY * FIRST FLOOR BATHROOM * LARGE FITTED KITCHEN/BREAKFAST ROOM * THROUGH LOUNGE * GAS CENTRAL HEATING * DOUBLE GLAZING * GARDEN * VACANT POSSESSION * CONVENIENTLY LOCATED CLOSE TO LOCAL AMENITIES *Thu, 05 May 2011 12:00:00 GMThttp://www.ableestates.com/propertydetails.aspx?PropertyID=2731http://www.ableestates.com/propertydetails.aspx?PropertyID=936One bedroom first floor flat on a popular residential development close to local amenities. The property comprises of: ONE DOUBLE BEDROOM,LOUNGE,KITCHEN,BATHROOM,DOUBLE GLAZING, ECONOMY 7 HEATING, SECURITY ENTRY SYSTEM and ALLOCATED PARKINGMon, 27 Feb 2012 12:00:00 GMThttp://www.ableestates.com/propertydetails.aspx?PropertyID=936http://www.ableestates.com/propertydetails.aspx?PropertyID=3833GUIDE PRICE £140,000-£160,000 - GROUND FLOOR, 2 DOUBLE BEDROOMS, LOUNGE, KITCHEN, BATHROOM, GARDEN, TWO ALLOCATED PARKING SPACES, BRAND NEW KITCHEN with oven and hob, DG, CENTRAL HEATING. Tastefully decorated throughout and new carpets to be fitted.Fri, 25 May 2012 12:00:00 GMThttp://www.ableestates.com/propertydetails.aspx?PropertyID=3833http://www.ableestates.com/propertydetails.aspx?PropertyID=3860GUIDE PRICE £140,000-£160,000 - FIRST FLOOR, 2 DOUBLE BEDROOMS, LOUNGE, KITCHEN, BATHROOM, GARDEN, TWO ALLOCATED PARKING SPACES, BRAND NEW KITCHEN with oven and hob, DG, CENTRAL HEATING. Tastefully decorated throughout and new carpets to be fitted.Fri, 25 May 2012 12:00:00 GMThttp://www.ableestates.com/propertydetails.aspx?PropertyID=3860http://www.ableestates.com/propertydetails.aspx?PropertyID=3879THREE BEDROOM END OF TERRACED HOUSE. The property has DG and CH,LOUNGE, SEPARATE DINING ROOM and KITCHEN and upstairs there are TWO DOUBLE BEDROOMS and a SINGLE and BATHROOM with separate W.C. Externally the property benefits from FRONT and REAR GARDENSTue, 26 Jun 2012 12:00:00 GMThttp://www.ableestates.com/propertydetails.aspx?PropertyID=3879http://www.ableestates.com/propertydetails.aspx?PropertyID=3880TWO BEDROOM first floor purpose built flat located ideally for Northumberland Heath with its shops, transport and local amenities. The property has TWO DOUBLE BEDS,LOUNGE,KITCHEN and BATHROOM. Benefits include DG, ALLOCATED PARKING and ENTRY PHONE SYSTEMFri, 13 Jul 2012 12:00:00 GMThttp://www.ableestates.com/propertydetails.aspx?PropertyID=3880http://www.ableestates.com/propertydetails.aspx?PropertyID=3804ONE BEDROOM RETIREMENT FLAT. Benefits to note include DG. ENTRY PHONE SYSTEM. EMERGENCY PULL CORDS. LIFT IN BLOCK. COMMUNAL AREA + LAUNDRY ROOM. The property is located in the heart of Erith Town Centre with its multitude of shops and public transportWed, 19 Sep 2012 12:00:00 GMThttp://www.ableestates.com/propertydetails.aspx?PropertyID=3804http://www.ableestates.com/propertydetails.aspx?PropertyID=3989Fantastic Investment Opportunity ! ! STUDIO flat. Benefiting from ECONOMY 7 HEATING. SECURITY ENTRY PHONE SYSTEM and OSP. The property has a tenant in situ (on an assured shorthold tenancy) and achieves a rental of approximately £550pcm.Sat, 22 Sep 2012 12:00:00 GMThttp://www.ableestates.com/propertydetails.aspx?PropertyID=3989http://www.ableestates.com/propertydetails.aspx?PropertyID=3912GUIDE PRICE £75,000-£80,000. Able Estates are delighted to offer this one bedroom ground floor purpose built apartment benefits to note include DOUBLE GLAZING and OFF STREET PARKINGWed, 03 Oct 2012 12:00:00 GMThttp://www.ableestates.com/propertydetails.aspx?PropertyID=3912http://www.ableestates.com/propertydetails.aspx?PropertyID=40091st Floor CHAIN FREE One Bedroom Apartment with partial River Views. Off Street Parking. Entry Phone System. Quiet location. Extended Lease. Double Glazed. Investment or 1st Time Buy. Close to shops, station and leisure facilities.Sat, 10 Nov 2012 12:00:00 GMThttp://www.ableestates.com/propertydetails.aspx?PropertyID=4009http://www.ableestates.com/propertydetails.aspx?PropertyID=10003063** YOU COULD OWN YOUR OWN HOME WITH ONLY A £4,838.00 DEPOSIT ** Brand new Two Bed 1st Floor Apartment with approx 700 sq ft of space & built by Bellway Homes. Phase 3 to be released in September 2013 but not available to move into until April 2014.<BR><BR>PRICES FROM £147,000 - £160,000<BR>Mon, 19 Nov 2012 12:00:00 GMThttp://www.ableestates.com/propertydetails.aspx?PropertyID=10003063http://www.ableestates.com/propertydetails.aspx?PropertyID=4015GUIDE PRICE £320,000 - £340,000 - FOUR BEDROOM semi-detached period property. THREE RECEPTION ROOMS. KITCHEN. STUDY ROOM. BATHROOM with separate W/C. Mature front and rear GARDENS. OFF STREET PARKING. Offered CHAIN FREE. In need of modernisationTue, 20 Nov 2012 12:00:00 GMThttp://www.ableestates.com/propertydetails.aspx?PropertyID=4015http://www.ableestates.com/propertydetails.aspx?PropertyID=10003064Brand new One Bedroom 1st Floor Apartments offering approx 500 sq ft of space & built by Bellway Homes. Phase 3 to be released in September 2013 but not available to move into until April 2014.Fri, 23 Nov 2012 12:00:00 GMThttp://www.ableestates.com/propertydetails.aspx?PropertyID=10003064http://www.ableestates.com/propertydetails.aspx?PropertyID=966Super studio/1bed 1st Floor flat with seperate sleeping area, secure entry phone sysstem, communal gardens, allocated parking, located on a popular develpoment close to local amenities and transport ***Working Tenants Only***Fri, 11 Jan 2013 12:00:00 GMThttp://www.ableestates.com/propertydetails.aspx?PropertyID=966http://www.ableestates.com/propertydetails.aspx?PropertyID=4057spacious 1 bedroom ground floor flat in a modern block.LARGE LOUNGE/DINER. GOOD SIZE BEDROOM, FITTED KITCHEN and BATHROOM. This property also come`s with GATED OFF STREET PARKING and ENTRY PHONE SYSTEM.Tue, 15 Jan 2013 12:00:00 GMThttp://www.ableestates.com/propertydetails.aspx?PropertyID=4057http://www.ableestates.com/propertydetails.aspx?PropertyID=4056spacious 1 bedroom ground floor flat in a modern block.LARGE LOUNGE/DINER. GOOD SIZE BEDROOM, FITTED KITCHEN and BATHROOM. This property also come`s with GATED OFF STREET PARKING and ENTRY PHONE SYSTEM.Thu, 17 Jan 2013 12:00:00 GMThttp://www.ableestates.com/propertydetails.aspx?PropertyID=4056http://www.ableestates.com/propertydetails.aspx?PropertyID=4063EXCELLENT FIRST TIME BUY or INVESTMENT OPPORTUNITY. 1 bed 2nd floor flat in a popular location, benefiting from ENTRY PHONE SYSTEM, ECONOMY 7 HEATING, COMMUNAL GARDENS, and parking. The property is within close reach of all local amenities.Mon, 21 Jan 2013 12:00:00 GMThttp://www.ableestates.com/propertydetails.aspx?PropertyID=4063http://www.ableestates.com/propertydetails.aspx?PropertyID=38085 Bedroom Semi detached period property with some original features cast iron fireplaces and cornicing as well as modern compliments. 3 Reception rooms and drive for 4 to 6 cars.Lesney Park Conservation area. Internal viewing comes highly recommended.Wed, 23 Jan 2013 12:00:00 GMThttp://www.ableestates.com/propertydetails.aspx?PropertyID=3808http://www.ableestates.com/propertydetails.aspx?PropertyID=4055Able Estates are pleased to offer for sale this 4 BEDROOM SEMI-DETACHED property. With 4 good sized bedrooms, upstairs bathroom, downstairs W.C. conservatory and a double garage, central heating and double glazing. Conveniently located for local amenitiesFri, 01 Feb 2013 12:00:00 GMThttp://www.ableestates.com/propertydetails.aspx?PropertyID=4055http://www.ableestates.com/propertydetails.aspx?PropertyID=250TOP FLOOR STUDIO APARTMENT * VERY WELL PRESENTED *PART FURNISHED * OFF ST PARKING * CONVINIENTLY LOCATED FOR ALL LOCAL AMENITIES INCLUDING PUBLIC TRANSPORT, SHOPS, SPORTS FACILITIES AND PARKLANDFri, 01 Feb 2013 12:00:00 GMThttp://www.ableestates.com/propertydetails.aspx?PropertyID=250http://www.ableestates.com/propertydetails.aspx?PropertyID=4077TWO BEDROOM, GROUND FLOOR PURPOSE BUILT MAISONETTE, benefiting from GAS CENTRAL HEATING and DOUBLE GLAZINGThu, 07 Feb 2013 12:00:00 GMThttp://www.ableestates.com/propertydetails.aspx?PropertyID=4077http://www.ableestates.com/propertydetails.aspx?PropertyID=40234 BEDROOM SEMI DETACHED property with ample parking, 26ft lounge/diner, spacious kitchen and outbuildings.Fri, 08 Feb 2013 12:00:00 GMThttp://www.ableestates.com/propertydetails.aspx?PropertyID=4023http://www.ableestates.com/propertydetails.aspx?PropertyID=3627Brand new One Bedroom Apartments offering approx 500 sq ft of space & built by Bellway Homes. Phase 3 to be released in September 2013 but not available to move into until April 2014.Mon, 11 Feb 2013 12:00:00 GMThttp://www.ableestates.com/propertydetails.aspx?PropertyID=3627http://www.ableestates.com/propertydetails.aspx?PropertyID=4086Ground Floor Maisonette with Two Double Bedrooms, Lounge, Kitchen and Bathroom. In good decorative order, with GCH(untested) and DG. The property also has front and rear gardens and is close to local amenities.Wed, 13 Feb 2013 12:00:00 GMThttp://www.ableestates.com/propertydetails.aspx?PropertyID=4086http://www.ableestates.com/propertydetails.aspx?PropertyID=4112Able Estates are pleased to offer to the market this modern 3 bedroom property in a popular part of the Howbury Park Development. This property is ideal for a family with 2 reception rooms, 3 bedrooms, 2 parking spaces and down stair WCMon, 25 Feb 2013 12:00:00 GMThttp://www.ableestates.com/propertydetails.aspx?PropertyID=4112http://www.ableestates.com/propertydetails.aspx?PropertyID=2662Part Furnished. Allocated Parking. Convenient for Dartford Town Centre and British Rail. Economy 7 Heating. Double Glazed. One Bedroom. Ground Floor.** 12 MONTH LET ONLY**Wed, 27 Feb 2013 12:00:00 GMThttp://www.ableestates.com/propertydetails.aspx?PropertyID=2662http://www.ableestates.com/propertydetails.aspx?PropertyID=3979GUIDE PRICE £140,000-£150,000. Looking for something a liitle bit different ? Located on private walkway is this 3 Bedroom semi det Bunglaow that is in need of updating. Although the property requires some work it does have a modern Bathroom & Kitchen, some DG & GCHeating. ** CALL TO VIEW **Sat, 02 Mar 2013 12:00:00 GMThttp://www.ableestates.com/propertydetails.aspx?PropertyID=3979http://www.ableestates.com/propertydetails.aspx?PropertyID=4117Fantastic Investment Opportunity ! ! STUDIO flat. Benefiting from ECONOMY 7 HEATING. SECURITY ENTRY PHONE SYSTEM and OSP. The property has a tenant in situ (on an assured shorthold tenancy) for £495pcm.Mon, 04 Mar 2013 12:00:00 GMThttp://www.ableestates.com/propertydetails.aspx?PropertyID=4117http://www.ableestates.com/propertydetails.aspx?PropertyID=10003097All good things come in Small Packages as they say, well this house is proof that this is true - offering compact accomodation but finished to a very high standard is this lovely 2 Bed End Terrace House with a very Handy Loft Room. * MUST VIEW PROPERTY *Mon, 04 Mar 2013 12:00:00 GMThttp://www.ableestates.com/propertydetails.aspx?PropertyID=10003097http://www.ableestates.com/propertydetails.aspx?PropertyID=4123GUIDE PRICE: £290,000-£300,000 . FOUR bedroom semi detached house in a popular location. Benefiting from 26ft through lounge/diner, loft room and parking to side.Fri, 08 Mar 2013 12:00:00 GMThttp://www.ableestates.com/propertydetails.aspx?PropertyID=4123http://www.ableestates.com/propertydetails.aspx?PropertyID=4094GUIDE PRICE £150,000-£160,000. Well presented 2 DOUBLE BEDROOM BUNGALOW situated in a private road with garden and hard standing for 2 or more carsFri, 08 Mar 2013 12:00:00 GMThttp://www.ableestates.com/propertydetails.aspx?PropertyID=4094http://www.ableestates.com/propertydetails.aspx?PropertyID=10003120MODERN 2 BEDROOM, 2 BATHROOM APARTMENT WITH RIVER VIEWS ON NEW DEVELOPMENT, D.G. C.H. ENTRYPHONE.BALCONY. SECURE PARKING. P/F WITH WHITE GOODS. SUPERB LOCATION CLOSE TO GREENHITHE STATION, BLUEWATER AND OTHER LOCAL AMENITIES. VIEWING HIGHLY RECOMMENDEDMon, 18 Mar 2013 12:00:00 GMThttp://www.ableestates.com/propertydetails.aspx?PropertyID=10003120http://www.ableestates.com/propertydetails.aspx?PropertyID=10003678** YOU COULD OWN YOUR OWN HOME WITH ONLY A £4,838.00 DEPOSIT ** Brand new Two Bed Apartments with approx 700 sq ft of space & built by Bellway Homes. Phase 3 to be released in September 2013 but not available to move into until April 2014.<BR><BR>PRICES FROM £147,000 - £160,000<BR>Tue, 19 Mar 2013 12:00:00 GMThttp://www.ableestates.com/propertydetails.aspx?PropertyID=10003678http://www.ableestates.com/propertydetails.aspx?PropertyID=4124Good size ground floor 1 bedroom apartment on a popular riverside development. The property comes with allocated off street parking, entry phone system and white goods to kitchen. It is a short walk to the stationSat, 30 Mar 2013 12:00:00 GMThttp://www.ableestates.com/propertydetails.aspx?PropertyID=4124http://www.ableestates.com/propertydetails.aspx?PropertyID=3909ONE BEDROOM second floor flat. FURNISHED. ENTRY PHONE SYSTEM. PARKING. ELECTRIC HEATING. Walking distance of train station, local shops and amenities. If you are looking for a 12 month let please call **DSS ACCEPTED WITH A WORKING GUARANTOR**Tue, 09 Apr 2013 12:00:00 GMThttp://www.ableestates.com/propertydetails.aspx?PropertyID=3909http://www.ableestates.com/propertydetails.aspx?PropertyID=560CHAIN FREE Three bedroom terraced house located in a popular residential road, within walking distance of schools, shops and local amenities.Wed, 10 Apr 2013 12:00:00 GMThttp://www.ableestates.com/propertydetails.aspx?PropertyID=560http://www.ableestates.com/propertydetails.aspx?PropertyID=4152GUIDE PRICE £180,000-£190,000 CHAIN FREE Three Bedroom Terraced House situated in a popular residential road in Northumberland Heath within walking distance of shops, schools and bus routes.Thu, 18 Apr 2013 12:00:00 GMThttp://www.ableestates.com/propertydetails.aspx?PropertyID=4152http://www.ableestates.com/propertydetails.aspx?PropertyID=4153CHAIN FREE and offered with VACANT POSSESSION, well maintained 3 bedroom family home in a very popular residential street in Northumberland Heath, close to schools, shops and transport links.Fri, 19 Apr 2013 12:00:00 GMThttp://www.ableestates.com/propertydetails.aspx?PropertyID=4153http://www.ableestates.com/propertydetails.aspx?PropertyID=10003356Able Estates are delighted to offer this WELL PRESENTED TWO BEDROOM APARTMENT. The property overlooks a lake and is just a short distance from SCHOOLS, SHOPS, BUS ROUTES, SPORTS FACILITIES AND THE RIVER THAMES. <BR>Tue, 23 Apr 2013 12:00:00 GMThttp://www.ableestates.com/propertydetails.aspx?PropertyID=10003356http://www.ableestates.com/propertydetails.aspx?PropertyID=1601ableestates.com/ ONE BEDROOM GROUND FLOOR FLAT * ECONOMY 7 HEATING * ENTRY PHONE SYSTEM * PARKING * CLOSE TO SHOPS, PUBLIC TRANSPORT AND SPORTS FACILITIESTue, 23 Apr 2013 12:00:00 GMThttp://www.ableestates.com/propertydetails.aspx?PropertyID=1601http://www.ableestates.com/propertydetails.aspx?PropertyID=3467DETACHED 2 BED GROUND FLOOR MAISONETTE in the popular Northumberland Heath area within easy reach of british rail, bus routes, local shops and schools.Wed, 24 Apr 2013 12:00:00 GMThttp://www.ableestates.com/propertydetails.aspx?PropertyID=3467http://www.ableestates.com/propertydetails.aspx?PropertyID=10003707Three Bedroom Semi-detached Family Home offered in good decorative order and boasting accommodation comprising ENTRANCE HALL, GROUND FLOOR CLOAKROOM, LOUNGE, SPACIOUS FITTED KITCHEN/DINER & upstairs BATHROOMWed, 24 Apr 2013 12:00:00 GMThttp://www.ableestates.com/propertydetails.aspx?PropertyID=10003707http://www.ableestates.com/propertydetails.aspx?PropertyID=10001475One bedroom house available to rent in the popular "Priory Gardens" development. The property is located close to local amenities and public transport.<BR>Electric Heating, Double Glazed Windows. Available form 30th May. Working tenants only.Thu, 25 Apr 2013 12:00:00 GMThttp://www.ableestates.com/propertydetails.aspx?PropertyID=10001475http://www.ableestates.com/propertydetails.aspx?PropertyID=1046ONE BEDROOM HOUSE. UNFURNISHED. LOUNGE. BEDROOM. KITCHEN (cooker & hood supplied only). SMALL FRONT GARDEN. ALLOCATED PARKING SPACE.. Walking distance of station and shops. ** MAY ACCEPT DSS WITH CASH DEPOSIT AND WORKING GUARANTOR**Fri, 26 Apr 2013 12:00:00 GMThttp://www.ableestates.com/propertydetails.aspx?PropertyID=1046http://www.ableestates.com/propertydetails.aspx?PropertyID=4178Recently decorated 2 BEDROOM PART FURNISHED flat in the heart of Erith Town Centre with river views. **12 MONTH LET** Working tenants onlyMon, 29 Apr 2013 12:00:00 GMThttp://www.ableestates.com/propertydetails.aspx?PropertyID=4178http://www.ableestates.com/propertydetails.aspx?PropertyID=4165Guide Price £230 - £250,000 ; Looking for something just a bit different coupled with a Private location ? Then we may have the answer !! Stunning 3 Bedroom Semi Det Bungalow with a good size garden / plot of land, 2 Parking Spaces & Garage. * MUST VIEW *Tue, 30 Apr 2013 12:00:00 GMThttp://www.ableestates.com/propertydetails.aspx?PropertyID=4165http://www.ableestates.com/propertydetails.aspx?PropertyID=10002035Spacious 2 bedroom first floor flat. Newly redecorated throughout. Gas Central Heating. Close to Belvedere Station. Available immediately. NO DSSTue, 30 Apr 2013 12:00:00 GMThttp://www.ableestates.com/propertydetails.aspx?PropertyID=10002035http://www.ableestates.com/propertydetails.aspx?PropertyID=10003467Able Estates are extremely proud to offer this unique Three Bedroom Semi-detached family home. The property is full of character and boasts DOUBLE GLAZING, GAS CENTRAL HEATING (untested), OFF STREET PARKING and GARDEN to rear.Tue, 30 Apr 2013 12:00:00 GMThttp://www.ableestates.com/propertydetails.aspx?PropertyID=10003467http://www.ableestates.com/propertydetails.aspx?PropertyID=10003711One Bedroom Ground Floor Flat. Located in an excellent location for easy access to Abbey Wood Train Station (Zone 4). Newly refurbished throughout.<BR>Off Street Parking. Available from the beginning of May. Working Tenants only. No DSS.Tue, 30 Apr 2013 12:00:00 GMThttp://www.ableestates.com/propertydetails.aspx?PropertyID=10003711http://www.ableestates.com/propertydetails.aspx?PropertyID=41686 Glebe Way,Erith,Kent DA8 3DH. An offer has been made for the above property in the sum of £260,000. Any persons wishing to increase on this offer should notify the agents of the best price offer prior to the exchange of contracts, Able Estates,287 Bexley Road,Erith,Kent DA8 3EX 01322 400222Wed, 08 May 2013 12:00:00 GMThttp://www.ableestates.com/propertydetails.aspx?PropertyID=4168http://www.ableestates.com/propertydetails.aspx?PropertyID=2080Purpose built 3rd floor STUDIO apartment. Part furnished. Close to British Rail, Shops, Sports facilities, Available from 3rd JuneWed, 08 May 2013 12:00:00 GMThttp://www.ableestates.com/propertydetails.aspx?PropertyID=2080http://www.ableestates.com/propertydetails.aspx?PropertyID=2805GUIDE PRICE £190,000 - £200,000. Located within walking distance of Trinity School & Public Transport is this CHAIN FREE 3 Bed extended semi - det Family home that offers good size living accomodation. Benefits include DG, GCHeating & a good size Garden.Thu, 09 May 2013 12:00:00 GMThttp://www.ableestates.com/propertydetails.aspx?PropertyID=2805http://www.ableestates.com/propertydetails.aspx?PropertyID=4180GUIDE PRICE ; £250 - £260,000. Able Estates are delighted to be offering this immaculate 2 BEDROOM SEMI DETACHED BUNGALOW that in our opinion has a Stunning Established Garden. Lots of benefits including DG, GCH, Garage & Drive. ** MUST VIEW PROPERTY **Thu, 09 May 2013 12:00:00 GMThttp://www.ableestates.com/propertydetails.aspx?PropertyID=4180http://www.ableestates.com/propertydetails.aspx?PropertyID=4190GUIDE PRICE ; £75 - £80,000. Ideal 1st time buy or Investment purchase on offer in the shape of this 1 Bedroom Ground Floor Flat. The property is offered CHAIN FREE and benefits from a Brand New Kitchen & Bathroom, Economy 7 Heating & Residents Parking.Thu, 09 May 2013 12:00:00 GMThttp://www.ableestates.com/propertydetails.aspx?PropertyID=4190http://www.ableestates.com/propertydetails.aspx?PropertyID=4191Tastefully refurbished & ready to move into is this 3 Bed Family Home that is located on the Heath. The property has a Brand new Kitchen, Bathroom, New Central Heating system, 30ft Garden & a very useful Double Garage to the rear. ** CLOSE TO AMENITIES **Fri, 10 May 2013 12:00:00 GMThttp://www.ableestates.com/propertydetails.aspx?PropertyID=4191http://www.ableestates.com/propertydetails.aspx?PropertyID=4155GUIDE PRICE £190,000-£200,000. Able Estates are pleased to offer for sale this 3 BEDROOM SEMI DETACHED property in a popular residential area in Slade Green.Fri, 10 May 2013 12:00:00 GMThttp://www.ableestates.com/propertydetails.aspx?PropertyID=4155http://www.ableestates.com/propertydetails.aspx?PropertyID=3958Able Estates are delighted to offer for sale this 3 BEDROOM TERRACED HOUSE. The property is located in a popular residential street in NORTHUMBERLAND HEATH and is conveniently located for schools, shops and transport links.Wed, 15 May 2013 12:00:00 GMThttp://www.ableestates.com/propertydetails.aspx?PropertyID=3958http://www.ableestates.com/propertydetails.aspx?PropertyID=10003728Newly redecorated 4 Bedroom Terrace House. Benefitting from Gas Central Heating with modern combination boiler, front & rear Gardens with Garage & Workshop to the rear. Secluded garden of appox 50ft. Available Immediately **Working Tenants Only** <BR><BR>Fri, 17 May 2013 12:00:00 GMThttp://www.ableestates.com/propertydetails.aspx?PropertyID=10003728http://www.ableestates.com/propertydetails.aspx?PropertyID=100037302 bedroom ground floor apartment situated close to Lewisham Town Centre. This Modern two bedroom property, is within close proximity to local bus routes, and Lewisham Train Station/DLR. comprising of spacious living accommodation. WORKING TENANTS ONLY. NO DSS.Fri, 17 May 2013 12:00:00 GMThttp://www.ableestates.com/propertydetails.aspx?PropertyID=10003730http://www.ableestates.com/propertydetails.aspx?PropertyID=10003734Able Estates are delighted to offer this ONE BEDROOM TOP FLOOR FLAT with leafy views over a stream. The accommodation comprises ENTRANCE HALL with 3 CUPBOARDS, LOUNGE leading on to the BALCONY, FITTED KITCHEN, SHOWER ROOM & MASTER BEDROOM.Mon, 20 May 2013 12:00:00 GMThttp://www.ableestates.com/propertydetails.aspx?PropertyID=10003734http://www.ableestates.com/propertydetails.aspx?PropertyID=2242ableestates.com/ * ONE BEDROOM FLAT * WALKING DISTANCE TO ERITH TRAIN STATION * RESIDENTS PARKING * COMMUNAL GARDENS * DOOR ENTRY PHONE * STORAGE HEATERS * PART FURNISHED COMPRISING OF WASHING MACHINE AND COOKERMon, 20 May 2013 12:00:00 GMThttp://www.ableestates.com/propertydetails.aspx?PropertyID=2242http://www.ableestates.com/propertydetails.aspx?PropertyID=3733Large refurbished family home situated in a quiet road in popular Belvedere. The property offers 4 GOOD SIZE BEDROOMS, LARGE BATHROOM, 24ft LOUNGE and 16ft KITCHEN. The property also benefits from DG, GCH and a low maintenance garden to rear. ** DSS TENANTS MAY BE CONSIDERED **Tue, 21 May 2013 12:00:00 GMThttp://www.ableestates.com/propertydetails.aspx?PropertyID=3733http://www.ableestates.com/propertydetails.aspx?PropertyID=759ableestates.com/ PART FURNISHED ONE BEDROOM APARTMENT * VERY CLOSE TO ERITH TRAIN STATION PLUS OTHER LOCAL AMENITIES * ECONOMY 7 HEATING * WELL PRESENTED * OFF STREET PARKING *Wed, 22 May 2013 12:00:00 GMThttp://www.ableestates.com/propertydetails.aspx?PropertyID=759http://www.ableestates.com/propertydetails.aspx?PropertyID=10002273Unfurnished three bedroom semi-detached house benefitting from double glazing & gas central heating. Available after 01/06 ** WORKING TENANTS ONLY ** NB: There is limited space to the rear of the property (please ask for further clarification)Tue, 28 May 2013 12:00:00 GMThttp://www.ableestates.com/propertydetails.aspx?PropertyID=10002273http://www.ableestates.com/propertydetails.aspx?PropertyID=10002590Good size two bedroom 1st floor flat in popular West Thamesmead area close to local shops. Offered part furnished with white goods. DSS considered with suitable Guarantor. Available after 24/06Wed, 29 May 2013 12:00:00 GMThttp://www.ableestates.com/propertydetails.aspx?PropertyID=10002590http://www.ableestates.com/propertydetails.aspx?PropertyID=4209Able Estates are pleased to offer to the market this 3 bed end of terrace property on East Rochester Way. The property is offered part furnished with gas central heating and also has a rear garden, parking and garage.Wed, 29 May 2013 12:00:00 GMThttp://www.ableestates.com/propertydetails.aspx?PropertyID=4209http://www.ableestates.com/propertydetails.aspx?PropertyID=10002916Three Bedroom Town House that would be ideal for a CASH BUY-TO-LET INVESTOR. The property is of concrete construction and comprises TWO RECEPTION ROOMS, SPACIOUS FITTED KITCHEN/DINER, BATHROOM & GARDEN to rear. Also benefitting from GAS CENTRAL HEATING (untested), DOUBLE GLAZING & BALCONYMon, 03 Jun 2013 12:00:00 GMThttp://www.ableestates.com/propertydetails.aspx?PropertyID=10002916http://www.ableestates.com/propertydetails.aspx?PropertyID=10003749Located close to Slade Green Train station, Shops & Bus Routes is this 2 Double Bedroom 1st Floor Maisonette that is offered CHAIN FREE & with an approx 955 year lease. Benefits include, DG, GCHeating, En Bloc Garage & a Triangular shaped Rear Garden ( deatched from the property ) ** CALL TO VIEW **Mon, 03 Jun 2013 12:00:00 GMThttp://www.ableestates.com/propertydetails.aspx?PropertyID=10003749http://www.ableestates.com/propertydetails.aspx?PropertyID=4210Spacious 2 bedroom first floor flat. Newly redecorated throughout. Gas Central Heating. Close to Belvedere Station. Available immediately. NO DSSTue, 04 Jun 2013 12:00:00 GMThttp://www.ableestates.com/propertydetails.aspx?PropertyID=4210http://www.ableestates.com/propertydetails.aspx?PropertyID=4167GUIDE PRICE £200,000-210,000 - 4 BEDROOM GOOD SIZED FAMILY HOME in a popular residential street in Northumberland Heath, close to transport links and local amenitiesWed, 05 Jun 2013 12:00:00 GMThttp://www.ableestates.com/propertydetails.aspx?PropertyID=4167http://www.ableestates.com/propertydetails.aspx?PropertyID=10003357Don`t miss out on this lovely 2 Bedroom Semi-detached Bungalow that is located in Upper Belvedere. The property benefits DG, GCHeating, Off Street parking to the front & Rear, manageable rear Garden which also gives you access to your Garage. ** MUST VIEW **Wed, 05 Jun 2013 12:00:00 GMThttp://www.ableestates.com/propertydetails.aspx?PropertyID=10003357http://www.ableestates.com/propertydetails.aspx?PropertyID=236GROUND FLOOR STUDIO APARTMENT * OFF STREET PARKING * STORAGE HEATERS * FITTED OVEN AND HOB * FITTED CARPETS * IDEALLY LOCATED CLOSE TO SHOPS, BUS ROUTES, BRITISH RAIL AND SPORTS FACILITIES *Wed, 05 Jun 2013 12:00:00 GMThttp://www.ableestates.com/propertydetails.aspx?PropertyID=236http://www.ableestates.com/propertydetails.aspx?PropertyID=4214Don`t miss out on this lovely 2 Bedroom Semi-detached Bungalow that is located in Upper Belvedere. The property benefits DG, GCHeating, Off Street parking to the front & Rear, manageable rear Garden which also gives you access to your Garage. ** MUST VIEW **Fri, 07 Jun 2013 12:00:00 GMThttp://www.ableestates.com/propertydetails.aspx?PropertyID=4214http://www.ableestates.com/propertydetails.aspx?PropertyID=4200Located within walking distance of Barnehurst train Station & Shops is this well presented 3 / 4 Bedroom 1930 `s extended Semi detached house that is located on a corner Plot garden. Benefits include DG, GCHeating (untested), Driveway for 2 cars, Garage, Study / 4th Bedroom. ** MUST VIEW PROPERTY **Fri, 07 Jun 2013 12:00:00 GMThttp://www.ableestates.com/propertydetails.aspx?PropertyID=4200http://www.ableestates.com/propertydetails.aspx?PropertyID=10003718As vendor`s Sole Agents, Able Estates are pleased to offer to the market this Three Bedroom Town House located close to Thamesmead Golf Course, bus routes & local schools. Benefits include GCH, DG, integral Garage with Off Street Parking to the front and lawned rear Garden.Fri, 07 Jun 2013 12:00:00 GMThttp://www.ableestates.com/propertydetails.aspx?PropertyID=10003718http://www.ableestates.com/propertydetails.aspx?PropertyID=10003726As Vendor`s Sole Agents, Able Estates are delighted to offer to the market this Two bedroom End of Terrace House located in a quite cul-de-sac in the popular North Thamesmead area. Accommodation on offer comprises modern kitchen and bathroom, large garden to rear, off street parking to frontFri, 07 Jun 2013 12:00:00 GMThttp://www.ableestates.com/propertydetails.aspx?PropertyID=10003726http://www.ableestates.com/propertydetails.aspx?PropertyID=10003753Three bedroom terraced house with accommodation comprising ground floor W.C, Lounge, fitted Kitchen/Dining Room, two double Bedrooms, one single Bedroom & family Bathroom. Located within walking distance to Shops, Bus Routes & Abbey Wood BR Station ** Working Tenants Only *Mon, 10 Jun 2013 12:00:00 GMThttp://www.ableestates.com/propertydetails.aspx?PropertyID=10003753http://www.ableestates.com/propertydetails.aspx?PropertyID=10003667Able Estates are delighted to offer this TWO BED STARTER HOME situated in a quiet cul-de-sac and just a short walk from Shops, Schools, Bus Routes, Playing Fields & Sports facilities. The accommodation comprises LOUNGE, KITCHEN, TWO BEDROOMS & BATHROOMMon, 10 Jun 2013 12:00:00 GMThttp://www.ableestates.com/propertydetails.aspx?PropertyID=10003667http://www.ableestates.com/propertydetails.aspx?PropertyID=3744Able Estates are pleased to offer to the market this 1 bedroom ground floor flat. The property offers spacious living and off street parking. Entry phone system as well as being within a short walk to local shops. Available from 29th June - **Working Tenants Only**Mon, 10 Jun 2013 12:00:00 GMThttp://www.ableestates.com/propertydetails.aspx?PropertyID=3744http://www.ableestates.com/propertydetails.aspx?PropertyID=10002038Lovely unfurnished Two bedroom terrace house to rent in the popular "Priory Gardens Development". Within walking distance to Abbey Wood Train Station. Available after 8/07 ** Working Tenants Only **Tue, 11 Jun 2013 12:00:00 GMThttp://www.ableestates.com/propertydetails.aspx?PropertyID=10002038http://www.ableestates.com/propertydetails.aspx?PropertyID=10001477Good size one bedroom flat 1st floor flat. Offered unfurnished and benefitting from double glazing, gas central heating and entry phone. Available immediately.Tue, 11 Jun 2013 12:00:00 GMThttp://www.ableestates.com/propertydetails.aspx?PropertyID=10001477http://www.ableestates.com/propertydetails.aspx?PropertyID=4217OFFERS IN EXCESS OF £175,000 ; Immaculate 3 Bedroom Top Floor Flat that is offered CHAIN FREE. This spacious property benefits from DG, GCHeating, Entry Phone, En Bloc Garage & it is also within easy walking distance of Nuxley Village & Public Transport. ** NOT SUITABLE FOR BUY TO LET PURCHASERS **Tue, 11 Jun 2013 12:00:00 GMThttp://www.ableestates.com/propertydetails.aspx?PropertyID=4217http://www.ableestates.com/propertydetails.aspx?PropertyID=42183 Bedroom Semi-Detached House with Drive, Garden, Double Glazing and Gas Central Heating, conveniently located for train station, bus routes, local shops and schools. DSS tenants may be considered with 1st months rent in advance, months cash deposit and working guarantor.Tue, 11 Jun 2013 12:00:00 GMThttp://www.ableestates.com/propertydetails.aspx?PropertyID=4218http://www.ableestates.com/propertydetails.aspx?PropertyID=10003752As Vendors Sole Agent, Able Estates are proud to offer this immaculate THREE BEDROOM FAMILY HOME. The property boasts DOUBLE GLAZING, GAS CENTRAL HEATING (untested), WOOD FLOORING, OFF STREET PARKING & WELL MAINTAINED GARDEN TO REAR, PLUS NO FORWARD CHAIN.Tue, 11 Jun 2013 12:00:00 GMThttp://www.ableestates.com/propertydetails.aspx?PropertyID=10003752http://www.ableestates.com/propertydetails.aspx?PropertyID=42152 BEDROOM 1ST FLOOR MAISONETTE to let with private garden and garage en bloc, double glazing and gas central heating. Conveniently located for train station, bus routes and local shops and schools. AVAILABLE 1st September **PROFESSIONAL NON SMOKING WORKING TENANTS ONLY** 12 MONTH LET**Wed, 12 Jun 2013 12:00:00 GMThttp://www.ableestates.com/propertydetails.aspx?PropertyID=4215http://www.ableestates.com/propertydetails.aspx?PropertyID=4223Lovely 2 bedroom 2nd floor flat located on popular development. ** WORKING TENANTS ONLY ** Available from 3rd July 2013Fri, 14 Jun 2013 12:00:00 GMThttp://www.ableestates.com/propertydetails.aspx?PropertyID=4223http://www.ableestates.com/propertydetails.aspx?PropertyID=10002973Located within walking distance of Abbey wood Shops & Train Station is this well presented One Bedroom First Floor Maisonette *** WORKING TENANTS ONLY ***Fri, 14 Jun 2013 12:00:00 GMThttp://www.ableestates.com/propertydetails.aspx?PropertyID=10002973http://www.ableestates.com/propertydetails.aspx?PropertyID=10002068Lovely 3 bed Terrace House, located on the ever popular "Abbey Wood Estate". This Property offers good size accommodation, with a large rear garden making it the perfect family home. Avaliable from the 1st Week in August. WORKING TENANTS ONLYTue, 18 Jun 2013 12:00:00 GMThttp://www.ableestates.com/propertydetails.aspx?PropertyID=10002068http://www.ableestates.com/propertydetails.aspx?PropertyID=10000834Two bedroom Flat in a Modern Gated Development Close to Abbey Wood Train Station. This property has been newly decorated throughout with new carpets and is available for viewings immediately. Other Benefits to note include Double Glazing & Electric Heating. Working Tenants Only.Tue, 18 Jun 2013 12:00:00 GMThttp://www.ableestates.com/propertydetails.aspx?PropertyID=10000834http://www.ableestates.com/newsdetails.aspx?ID=10001000More than 2,000 jobs could be created in Bexley by the Thames Gateway Bridge. That`s the verdict of a leading economist giving evidence at the project`s public inquiry. Professor Bridget Rosewell said a report by economic specialists, called by the Thames Gateway Bridge (TGB) and North Bexley Study showed that the bridge could bring up to 2,200 more jobs. She said "The study points out that the TGB will increase land values in Bexley because of improved image and accessibility. It would make possible a greater scale of development both of available sites and for currently undeveloped sites. "Llewelly-Davies (the report`s authors) estimate that the TGB could bring an additional 1,000 to 2,200 jobs to Bexley, mainly due to more intensive use of sites and the attractions of different uses to the area." She pointed out that transport links to Bexley were currently only half as good as the London average and that only 23 wards in London had worse accessibility than Thamesmead East. Prof Rosewell added that the bridge connected the boroughs near the TGB both to each other and those areas of London were areas where opportunities were much more extensive. She said "The TGB raises levels of accessibility in this area close to that available in other parts of London. "Currently East London accessibility is 15 per cent below that in West London but if we have both Crossrail and the TGB it rises to only 5 per cent below."Fri, 24 Jun 2005 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001000http://www.ableestates.com/newsdetails.aspx?ID=1000On 27th February 2006 Able Estates completed 9 years of trading and are pleased to say they are still going strong.Paul, Peter and Dawn the directors of Able Estates are still based in the Branches and still strive to satisfy their clients needs.Paul Servis operates out of the Abbey wood branch and you will find Peter and Dawn at the North-Heath branch.Thu, 23 Mar 2006 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=1000http://www.ableestates.com/newsdetails.aspx?ID=1001Stamp duty levels rose to £125,000, putting 400,000 buyers below the threshold.In laymans terms this means if you purchase below £125,000 you do not have to pay stamp duty.Thu, 23 Mar 2006 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=1001http://www.ableestates.com/newsdetails.aspx?ID=1002From June 07 all homeowners in England and Wales will need to arrange for a Home information pack (HIP) to be prepared before putting their home on the market. This is a major change in the way houses are sold but it is felt that it will bring greater transparency and certainty to the house buying and selling process. The benefits are that sellers will be able to identify if there are any problems with their property from the outset and that buyers will know exactly what state the property is in and will be able to make an offer with greater certainty and confidence. HIPS simply transfer the availability of information to the beginning of the process so everyone knows where they stand from the start. Able Estates will keep you updated via their website on any HIPS news, alternatively feel free to call either of their branches and speak to a member of staff.Tue, 28 Mar 2006 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=1002http://www.ableestates.com/newsdetails.aspx?ID=10001001Just a quick note to all of our clients past, present and future. Paul Servis and Peter Jones the directors of Ables have swapped branches, so you will now find Paul @ Abbey wood and Peter @ the North-Heath branch.If you would like to speak to either of them you now know where they are.Thu, 25 May 2006 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001001http://www.ableestates.com/newsdetails.aspx?ID=10001002Ten days after the bombshell, the dust is still settling as the property industry considers the full ramifications of the Governments decision to make Home Condition Reports voluntary.<BR>Prior to this from July 07 anybody looking to sell their property would have had to fork out somewhere in the region of £700-£1000. to pay for a Home Inspection Report(HIP) The government has now made a dramatic-turn and announced that this will not be the case stating one of their concerns being that Hip’s would have repeated the crash of 1988,when government interference turned the market upside down and in turn took years to recover. Whatever the reasons vendors do not need to worry anymore as they are now voluntary.Thu, 03 Aug 2006 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001002http://www.ableestates.com/newsdetails.aspx?ID=10001003The bank of England yesterday increased interest rates by 0.25% to 4.75%; this is the first increase for approximately 2 years. The bank of England insisted the increase was designed to curb inflation, which rose to 2.5% in June.Fri, 04 Aug 2006 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001003http://www.ableestates.com/newsdetails.aspx?ID=10001004Despite new hotspots popping up all over the world, France is again the number one destination for a healthy return on your investment. According to Assetz, the UK`s leading property investment specialist, France recently toppled Bulgaria from the top of their tracker table to become the premier destination for foreign investment for the first time in a year.<BR><BR>Its consistently strong rental market, supported by a sound tourism industry and continued popularity as a holiday destination precipitated the return to the top of the table.France is commonly regarded as the worlds number one travel destination and has been the UK`s favourite holiday destination for a lomg time. Since 1997 , house prices have doubled in value and show only modest signs of slowing down. In the first quarter of 2006 prices have risen 9.3% in a year on comparison, making France the ninth best performer worldwide. If you are interested in purchasing a property in France please contact Able Estates.Mon, 13 Nov 2006 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001004http://www.ableestates.com/newsdetails.aspx?ID=10001005We are pleased to inform you that Lynn Randall our Sales manager is now working back at our Abbey wood office. Lynn has been working in the Abbey wood and Thames mead areas for many years and has extensive knowledge of both areas. So if you have dealt with Lynn before or would like to discuss your property matters then please contact her as she would be delighted to hear from you.Wed, 15 Nov 2006 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001005http://www.ableestates.com/newsdetails.aspx?ID=1000100610 years ago Peter, Paul and Dawn opened the doors to their Abbey Wood branch. Back in those days they were the only staff employed by the company and were breaking into a market which was then suffering from a property recession.<BR><BR>Since then Able Estates now employ over 20 members of staff and have a second successful branch in Northumberland Heath plus have further plans for a third branch within the London borough of Bexley.<BR><BR><BR><BR><BR>Able Estates are now Abbey Woods premier estate agent and are considered one of North Heath`s top independent estate agents who dominate the areas they serve.<BR><BR>Able’s success is due to the high levels of commitment and conscientious efforts of their staff combined with a marketing package which is unrivalled locally.<BR><BR>To celebrate their success and their 10 year anniversary Peter, Paul and Dawn would like to give back to the community they serve. To explain this further peter says we have decided the best way to do this would be to support a local charity or worthwhile cause which could benefit from our financial help over the coming year. This is an extremely exciting opportunity for us though at this stage we do not know whom we will be supporting. Which is why we are asking for worthwhile causes to please get in touch with us? Our aim is to concentrate on one cause however we are keeping an open mind and are also open to suggestion as at present we have no idea how successful this appeal will be.`<BR><BR>We wish to combine our celebrations with helping our community and see this as our chance to say thank you for the past 10 years. The only criteria are that the cause be based within our local community. `<BR><BR>If you think that Able Estates can help you or you know of someone or an organization that may benefit from this opportunity please get in touch via email or written correspondence at either branch.<BR><BR>287 Bexley Road,<BR><BR>Erith,<BR><BR>Kent.<BR><BR>DA8 3EX.<BR><BR>Email;peter.jones@ableestates.com <BR><BR> <BR><BR>511 Abbey Road,<BR><BR>Abbey Wood,<BR><BR>London.<BR><BR>SE2 9HA.<BR><BR>Email;paul.servis@ableestates.com <BR><BR><BR> <BR><BR><BR>Thu, 11 Jan 2007 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001006http://www.ableestates.com/newsdetails.aspx?ID=10001007The countdown begins to the biggest annual sporting event in the world, as the official route is announced. The race for the Yellow jersey will begin in London on July 6 and reach our local areas for the first time in its 100-year history on Sunday, July 8. Transport for London (TFL) announced that Stage one of the tour will race along Woolwich Road, Upper Abbey wood, onto Erith Road, Fraser Road, Bexley Road, Queens Road South, North end Road and then Thames Road, Erith before heading out to Canterbury. The race will be run on closed roads, with the roads closed for several hours, with some additional parking controls in place on and near the race route.<BR><BR>` TFL ` will be working hard, with the emergency services and borough councils, to ensure that disruption is kept to a minimum so everyone can enjoy this fantastic free-to-view event safely. <BR><BR>In Kent, the tour will pass through Dart ford, Gravesend, Medway, Ton bridge, Tunbridle Wells, Maid stone and Ashford before the stage finishes in Canterbury.Sat, 20 Jan 2007 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001007http://www.ableestates.com/newsdetails.aspx?ID=10001008To mark our 10th year aniversary we recently ran a campaign appealing for local charities and worthwhile causes to get in touch with us with a view to discussing how we may help them financially by way of supporting one such cause throughout our 10th aniversary year.<BR><BR>The response was fantastic, though with such a great response it made choosing all the more difficult. However, after much deliberation we decided the Greenwich & Bexley Hospice best represented the community we wished to support.So through our aniversary year for every property sold and let (subject to terms and conditions) we shall make a contribution towards this extremely worthwhile cause.<BR><BR>As there were so many worthwhile causes that contacted us we have arranged to send a one off conrtribution to each and every one of them and wish them all the best for the future.<BR><BR>For further information on the Greenwich and Bexley Hospice please log onto www.cottagehospice.org.ukThu, 15 Feb 2007 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001008http://www.ableestates.com/newsdetails.aspx?ID=10001009Every Year Greenwich & Bexley Cottage Hospice hold a sponsored Walk from either Bostall Heath, Charlton Park and new for 2007 from Eltham Park South.They shall be holding this year`s event on Monday 7th May 2007.<BR><BR>The route will go along Green Chain Walk and Thames Path.The routes cover some of the most beautiful, scenic and unknown areas the boroughs of Greenwich and Bexley can offer.<BR><BR>Last year they raised over £57,000 from the 960 walkers who took part, this year they are looking to enlist over 1,000 walkers and raise £65,000.<BR><BR>There is a walk or stroll suitable for all ages and abilities and the walk itself has proved to be a real family day out, you can walk 15 miles or you can stroll 3 - you choose what distance suits you.<BR><BR>For more information in taking part feel free to browse www.cottagehospice.org.ukThu, 08 Mar 2007 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001009http://www.ableestates.com/newsdetails.aspx?ID=10001010Able Estates are pleased to announce that they will be sponsoring Erith Town Football club. As part of Ables 10 year aniversary year they have supplied kits to the Under 16 team and you can see the distinctive Able Logo emblazoned across their shirts. The team play their games in and around the London Borough of Bexley. Erith town football club has their own website www.erithtownfootballclub.co.uk which you are welcome to browse for more information on this particular team and the club in general.Wed, 28 Mar 2007 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001010http://www.ableestates.com/newsdetails.aspx?ID=1003Children growing up in Bexley enjoy a better quality of life than their counterparts in all other London boroughs, according to a national poll by Reader`s Digest magazine.<BR><BR>Bexley came out top in London and among the top 50 local authority areas across the country.<BR><BR>The borough even beat the City of London as an area where parents would choose to raise their family. (source: Bexley Extra)<BR><BR>Parents said that good schools and a low crime rate were their most important requirements for good places to bring up a family. Then came good hospitals, affordable family housing and high employment.<BR><BR>Cllr Ian Clement, leader of Bexley council, said "While I appreciate this is very good news for the borough we will not become complacent. We have a wealth of good schools, open spaces and parks that all contribute to making Bexley an attractive borough. I am committed to ensuring our good reputation is maintained for future generations".<BR><BR>To find Britain’s most family-friendly areas Reader`s Digest polled parents across the country, asking which factors most affected family life.<BR><BR>Then they were measured against statistical data for 408 local authority authority areas in England, Scotland and Wales.<BR><BR>East Dunbartonshire in Scotland topped the list while Reading ranked the worst place for families, with a high crime rate, state schools with a mediocre GCSE results, and a high flood risk.<BR><BR>Inner city areas fared badly overall while most of the best places were rural.<BR><BR>Reader’s Digest editor-in-chief Katherine Walker said: "When it comes to bringing up a family, small is beautiful. Only three of our top 10 areas include towns of more than 40,000. What parent’s value is the network of concerned neighbors, teachers and community groups that makes for safe streets, strong schools and thriving towns"Mon, 30 Apr 2007 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=1003http://www.ableestates.com/newsdetails.aspx?ID=1004Crime rates are dropping faster in Bexley than anywhere else in London.<BR><BR>The borough has seen an overall reduction of more than 3,000 crimes in the year to March 2007 compared to the previous 12 months.<BR><BR>The total number of crimes stood at 16,997 compared to 20,011 - a drop of 15.1 per cent. The latest crime figures published by the Metropolitan Police show a decrease in Bexley in all but one of the 11 categories. (source: Bexley Extra)<BR><BR>Only gun-enabled crime has increased, from 37 to 47 incidents. Significant successes include motor crime, which has dropped by more than a quarter to 2,087 incidents, violent crime, which is down 1.4 per cent to 3,742 incidents, and race crime, which is down 7.6 percent.<BR><BR>Bexley police borough commander, Tony Dawson, said: "These figures are the results of a great deal of hard work, not just by police but also our partners and the community. The Community Safety Action Zone approach that we operate in Bexley is recognised as good practice across London and allows Bexley Safer Neighbourhood Teams to maximize the time they spend dealing with local issues."<BR><BR>Altogether there have been 2,000 fewer victims of crime in Bexley in the past 12 months.<BR><BR>Mr Dawson added: "These reductions have been supported by excellent performance in detecting crime. I am particularly pleased with the successes in detecting rape and hate crimes."<BR><BR>But the borough commander insists Bexley Police will not become complacent.<BR><BR>He added: "We are now putting the same focus on anti-social behaviour as we have on crime. We have introduced a Safer Transport Team to tackle crime and anti-social behaviour on our buses and rail networks. We continue to focus on licensing related disorder and, with the support of Bexley council, have removed and reviewed several licenses for premises in Bexley."<BR><BR>He added: "I know that this is not just about numbers. The figures reflect the lives of real people whether they live in, work in, or visit Bexley."Mon, 30 Apr 2007 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=1004http://www.ableestates.com/newsdetails.aspx?ID=10001011Home information Packs including Energy Certificates will be implemented on a phased basis from 1st August.<BR><BR>From then the Packs will be required for the sale of four bedroom properties and larger,with smaller properties being phased in as soon as sufficient energy assessors are fully qualified.<BR><BR>Until the end of this year,properties can be marketed as soon as a pack is commissioned,and as a temporary measure Energy Performance Certificates can be up to 12 months old when a property is put up for sale.<BR><BR>We will keep you fully posted on future developments.Wed, 06 Jun 2007 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001011http://www.ableestates.com/newsdetails.aspx?ID=10001012Interest rates were left on hold yesterday amid signs that four increases since August are starting to bite.<BR><BR>The Bank of England`s monetary policy committee left borrowing costs unchanged at 5.5% after rates hit a six-year high last month.<BR><BR>The decision came after Halifax reported that house prices rose only 0.3% in May, their slowest pace this year.<BR><BR>Britain`s biggest mortgage lender said that although the annual growth rate was still in double figures, at 10.6%, this was below the peak of 11.1% in March and the secong successive month the rate had edged down. The average house price now stands at £196,893.<BR><BR>Evidence of moderation in housing market activity, suggests that the interest rate rises since last summer are having an impact on the market.Fri, 08 Jun 2007 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001012http://www.ableestates.com/newsdetails.aspx?ID=10001013A recent survey came up with the following findings:<BR>70% of people in the UK beleive the property market will continue to increase in value.<BR>62% of movers plan on buying a more expensive property.<BR>25-34 year olds most confident and ambitious age group.<BR>76% have never had a bad experience with an estate agent.<BR>74% say agents help bysaving time.<BR>58% say agents help reduce stress.<BR><BR>Despite recent interest rate increases there is a high level of confidence in the property market with 70% of people in the UK believing the market will continue to increase in value over the next three years according to this new survey by GfK NOP.<BR><BR>The survey shows that whilst consumers like to look at properties on the Internet , they still prefer to arrange viewings and make offers via the agent - getting the personal touch.Mon, 25 Jun 2007 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001013http://www.ableestates.com/newsdetails.aspx?ID=10001014The Tour De France succesfully passed through Abbey wood on Sunday 8th July and as you can see from the picture our chosen charity ` Greenwich & Bexley Cottage Hospice ` the charity we are supporting for our aniversary year were out in force with there very own Sunny man.<BR><BR>So much so that they actually raised in the region of £1550.00 for this hospice - well done to everyone involved.<BR>Sat, 14 Jul 2007 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001014http://www.ableestates.com/newsdetails.aspx?ID=10001015If you fancy a family afternoon packed full of fun, entertainment and arena events including a Fun Dog Show organised by Bexley Dog Training Club then please feel free to come along.<BR><BR>If you would like to come along then make your way to Bostall Heath Playing Field, Bostall Heath, Abbey wood.<BR><BR>FREE ADMISSION & PARKING.Sat, 14 Jul 2007 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001015http://www.ableestates.com/newsdetails.aspx?ID=10001017The controversial home information packs (HIPS) comes into force today the 1st August 07, initially only for properties with Four or more bedrooms.<BR><BR>The packs, to be provided by sellers for their potential buyers, contain key information about a property, including title deeds, local searches and an energy performance certificate.(EPC)<BR><BR>If you are unsure about HIPS and need some advice or more information then please feel free to contact either of our offices for some free professional advice.Wed, 01 Aug 2007 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001017http://www.ableestates.com/newsdetails.aspx?ID=10001018House prices jumped 12.1 per cent in the year to June, the biggest annual increase since March 2005.<BR><BR> According to the Department for Communities and Local Government, house price growth doubled in June, with prices jumping by 1.6 per cent.<BR><BR>The South East also saw double digit gains of 10.7 per cent, while growth was running at 9.6 per cent in both the East and Yorkshire and the Humber.<BR><BR>The stronger than expected figures contrast with other indexes which had shown the housing market was slowing down in response to higher interest rates.<BR>Mon, 13 Aug 2007 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001018http://www.ableestates.com/newsdetails.aspx?ID=10001019This month... Modest monthly increases continue as average asking prices rise by 0.6% (£1,473)Tue, 21 Aug 2007 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001019http://www.ableestates.com/newsdetails.aspx?ID=1005Able Estates were delighted to attend Greenwich & Bexley Hospice`s Charity Auction Dinner at the lovely Blackheath Golf Club.<BR><BR>We took this as an ideal opportunity to present them with our first contribution in our aniversary year, as you can see we presented them with a rather BIG cheque in every sense of the word.<BR><BR>We are very proud to announce we presented the Hospice with a cheque of £3,770.00 after our 1st quarters business plus in addition to this we also snapped up 8 tickets for a further £720.00 in the hospitality suite in the O2 Arena to watch Prince perform as part of the Auction event.<BR><BR>I think it would be fair to say the whole evening was a real success with lots of moner being raised as well as our contribution going towards this fantastic charity.<BR><BR>We look forward to making our next contribution in the near future.Wed, 05 Sep 2007 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=1005http://www.ableestates.com/newsdetails.aspx?ID=10001020Following the introduction of Home Information Packs (HIPS) on 1st August 2007, for properties with 4 bedrooms and above, the next stage of HIP implementation is with us.<BR><BR>As from today, Monday 10th September 2007, the Goverment is rolling out HIPs to 3 Bedroom properties, this will obviously have more of an impact on the market as basically there are more 3 bedroom properties than 4 Bedrooms.<BR><BR>For more information or to discuss HIPs please feel free to contact either of our branches to speak to a member of staff who are fully up to speed on HIPs.Mon, 10 Sep 2007 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001020http://www.ableestates.com/newsdetails.aspx?ID=10001021The Bank of England kept its benchmark interest rate unchanged at a six - year high as policy makers assessed the effect on the economy of higher credit costs and a run on Northern Rock Plc.<BR><BR>The Monetary Policy Committee,led by Governor Mervyn King,left the bank rate at 5.75%, matching the forecast of all except one of the 60 economists surveyed by Bloomberg News.<BR><BR>The decision follows panic among depositors at Northern Rock after money-market rates jumped,leaving the bank unable to fund its business.The run on the lender,the first in more than a century,has clouded the outlook for economic growth and inflation,and sparked crticism of the way the central bank handled the seizing-up of credit over the past two months.Thu, 04 Oct 2007 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001021http://www.ableestates.com/newsdetails.aspx?ID=10001022The goverment has given the go-ahead for the £10bn Crossrail project.<BR><BR>Crossrail will improve train services to and from Abbey Wood Station by providing journey time savings and a greater variety of journey opportunities.<BR><BR>With Crossrail operational,the total number of seats available on trains to central London from Abbey Wood would almost double as a result of longer,more frequent trains.<BR><BR>During peak periods,Crossrail could run up to 12 additional train services per hour.<BR><BR>Estimated journey times are:<BR>Abbey Wood - From / to Liverpool Street 10 minutes<BR>Abbey Wood - From / to Tottenham Ct Rd 16 Minutes<BR>Abbey Wood - From / to Paddington 22 minutes<BR>Abbey wood - From / to Heathrow 54 minutes<BR><BR>Crossrail will open up the Thames Gateway region and in turn offers excellent future investment opportunities with good long term capital growth on property prices.<BR><BR>For more information contact our Abbey Wood Sales team on 0208 306 2020 or alternatively e-mail to paul.servis@ableestates.comWed, 17 Oct 2007 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001022http://www.ableestates.com/newsdetails.aspx?ID=10001023If you instruct either of the able estate branches to sell your property before christmas we will give you a luxury hamper for you and your family to enjoy over the festive season .<BR><BR><BR>Terms and Conditions Apply please call, e-mail or pop in to either branch for more detailsFri, 09 Nov 2007 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001023http://www.ableestates.com/newsdetails.aspx?ID=10001024Able Estates are very pleased to announce that they will be sponsoring 7 Acres Under 16 Football Team whose home ground is in Church Manor Way, Abbey wood. 7 Acres will be playing their games in newly supplied Red & Blue Nike kits with the distinctive Able Estate Logo across the front.<BR><BR>The last time Able`s sponsored 7 acres they won the league they were playing in, so not to put to much pressure on the players we expect the same, only joking as long as the boys do their best and<BR><BR> most of all enjoy themselves thats all that counts.<BR><BR>You can see 7 acres playing their football in and around the London borough of Bexley, L.B of Greenwich and other surrounding areas.<BR><BR>Here`s to a succesful year for 7 acres and Able Estate.Mon, 19 Nov 2007 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001024http://www.ableestates.com/newsdetails.aspx?ID=10001025On Thursday 15th November 2007 Peter Jones one of Able Estates Directors and Lynn Randall the sales manager at the Abbey wood branch proudly presented the hospice with our second donation of the year - a cheque for £3,090.<BR><BR>If you had missed previous news items and newspaper articles Able Estates are supporting the Hospice throughout this year to celebrate 10 years of selling and letting houses in the London Borough of Bexley & Greenwich.<BR><BR>The hospice truly is a fantastic place run by amazing people, if you would like to make your own seperate donation or to find out about some of the fundraising events either contact Able Estates or direct to the Hospice.Tue, 20 Nov 2007 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001025http://www.ableestates.com/newsdetails.aspx?ID=10001026All homes marketed for sale from 14th December 2007 in England and Wales will need a Home Information Pack (HIP)<BR><BR>This was announced by Housing Minister Yvette Cooper on the 22nd November 2007 and extends HIPs to residential properties of all kinds.<BR><BR>Before most properties with one or two bedrooms can be marketed (as from the 14th December ) a HIP will have to have been formally requested.This falls in line with the current requirements for properties with three bedrooms or more.<BR><BR>The temporary provisions enabling marketing to commence,once a HIP has been formally requested,will now be extended until the 1st June 2008.<BR><BR>Most of the leasehold information, now classed as Required (compulsory) will become Authorised (voluntary).The exception is the Lease itself,which must be included in the HIP.<BR><BR>As always if you are unsure about any aspect of the HIPs process please feel free to contact either of Able Estates branches and our staff will be happy to help.Fri, 23 Nov 2007 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001026http://www.ableestates.com/newsdetails.aspx?ID=10001027Able Estates would like to wish all of our clients past, present and future a Happy & Prosperous New Year.<BR><BR>If you are thinking of Selling, Buying, Letting or Renting a property then please make us your 1st port of call, we would love to help you with your property matter.<BR><BR>Alternatively if you need any Financial Advice we can offer you free advice from our in house consultant.<BR><BR>Once again Happy 2008.Fri, 04 Jan 2008 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001027http://www.ableestates.com/newsdetails.aspx?ID=10001028Todays Daily Express front page quoted that Britains struggling housing market received a huge boost yesterday as the country`s biggest mortgage lender announced a rise in property prices.<BR><BR>The Halifax bank says its figures for December show that the market grew 5.2 % year - on - year - dispelling scaremongering predictions that prices will fall this year.<BR><BR>The bank also reported a 1.3 % hike in house values during December itself,all but wiping out falls in the previous three months.<BR><BR>It is the biggest monthly rise since February last year and gives further ammunition to experts who predict that property prices will continue to rise steadily this year.<BR><BR>Overall, the value of the average home in the UK now stands at £197,039 - around £11,759 more than at the start of last year.<BR><BR>The Halifax expects price rises to slow in 2008 but says this should be seen in the context of a 182% surge in property prices over the past years.Wed, 09 Jan 2008 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001028http://www.ableestates.com/newsdetails.aspx?ID=10001029Mortgage lenders match rate cut <BR> <BR>The majority of the rate cuts will take place in March <BR>Major mortgage providers have been quick to announce that they will pass on the latest UK interest rate cut. <BR>Most will wait until early March to cut standard variable rates in line with the 0.25% base rate reduction. <BR><BR>Halifax, Nationwide, Abbey, Royal Bank of Scotland/NatWest and Lloyds TSB all said they would pass on the interest rate cut in full. <BR><BR>A £100,000 repayment mortgage would be £15 a month cheaper, said the Council of Mortgage Lenders (CML). <BR><BR>But the CML warned borrowers not to expect an automatic cut in standard variable and discount rates across the market. <BR><BR>"Lenders` rate-setting policies are more complex than simply the level of the base rate," said Michael Coogan, director-general of the CML. <BR><BR>"They are determined by a range of factors including the cost of retail funding and the cost and availability of wholesale funding." <BR><BR> <BR>Thu, 14 Feb 2008 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001029http://www.ableestates.com/newsdetails.aspx?ID=10001030U.K. house prices rose in February for the first time in four months after two interest-rate cuts by the Bank of England encouraged sellers to demand more for their homes, Rightmove Plc said. The average asking price climbed 3.2 percent to 237,856 pounds ($466,000) from January, compared with a 0.8 percent decline the previous month, Britain`s most-used property Web site said today. In London, values increased by 0.9 percent. "With a couple of interest rate drops," homeowners seeking to sell "are probably thinking the outlook is more positive," Miles Shipside, commercial director at Rightmove, said in an interview with Bloomberg Television. "They`ve got the whole year to pitch their asking price. It`s not the return of a boom." Other reports have shown the property market slumped after the benchmark interest rate reached a six-year high in 2007 and credit costs rose. Bank of England Governor Mervyn King said last week that further price drops are "possible" as economic growth slows and banks curb loans to consumers. The average time a property spent on the market rose to 93 days from 78 days a year earlier, Rightmove said. Average stocks per real-estate agent increased to 64 from 54 in February 2007. <BR><BR> <BR><BR>Mon, 18 Feb 2008 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001030http://www.ableestates.com/newsdetails.aspx?ID=1006Throughout their 10th anniversary year Able Estates have been sponsoring The Greenwich and Bexley Hospice by making a donation from every sale or let that they agree. Pictured here is Dawn Servis one of the directors and Adam Burton the Sales Manager from Able Estates presenting the Chief Executive Jim Bennett and Peter Butler of the Greenwich and Bexley Hospice with a donation cheque of £3,630 for the third quarter of the year, the running total of Able Estates donations so far is £12,000 quite an achievement. The hospice rely heavily on funding from the local community and that is why it is so important to raise awareness of the hospice and the work that is does. Dawn Servis said "we`d like to thank all our vendors and Landlords who have instructed us in the last year and to any new ones for the coming year we are pleased to announce that we will be continuing to support the hospice". Jim Bennett added " We are delighted to receive this donation from Able Estates their support is invaluable in the palliative care". For further information please call one of our branches: North Heath and Erith 01322 400 222 or Abbeywood and Thamesmead 0208 306 2020 or visit our web site www.ableestates.comTue, 26 Feb 2008 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=1006http://www.ableestates.com/newsdetails.aspx?ID=10001031Able Estates are delighted to announce that they will be entering a team in to this years London to Brighton Bike Ride which will take place on the 15th June 2008, the same day as Fathers day.<BR><BR>Details of donations / sponsorships will be announced soon, the bike road supports the British Heart foundation.<BR><BR>Watch this space for further news.Mon, 31 Mar 2008 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001031http://www.ableestates.com/newsdetails.aspx?ID=10001032For all up and coming news and future events to do with Greenwich & bexley Cottage Hospice please log on to www.cottagehospice.org.uk for full details.<BR><BR>Have you ever thought about volunteering for the Hospice? Again you can check out the website for more details or you contact the Volunteers Manager on 020 8320 5812 or email barbaraoakes@gbch.org.uk<BR><BR>Mon, 31 Mar 2008 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001032http://www.ableestates.com/newsdetails.aspx?ID=10001033THE NATIONAL Association of Estate Agents are calling on Chancellor of the Exchequer Alistair Darling to use this month’s Budget to ease the immediate problems facing people in the housing market.<BR><BR>Their three-fold appeal to Mr Darling covers a revision of Stamp Duty threshold, a new look at how Capital Gains Tax affects the buy-to-let market and the VAT-free ‘green’ policies.<BR><BR>`The Government needs to be aware that with inflation rising, consumers must have a helping hand,` said NAEA president Stewart Lilly. <BR><BR>With first-time buyers being priced out of the market at the bottom end, the NAEA want a revision of Stamp Duty and are proposing a new scale, starting at £200,000 rather than the current £125,000. <BR><BR>Their proposed new scale is:<BR><BR> Properties up to £200,000 — zero;<BR> £200,000 to £300,000 — one per cent;<BR> £300,000 to £450,000 — two per cent;<BR> £450,000 to £1 million — three per cent;<BR> £1 million to £2 million — four per cent;<BR> £2 million and above — 4.5 per cent.<BR><BR>At the moment, one per cent Stamp Duty applies from £125,000 to £250,000, three per cent up to £500,000 and four per cent above that. <BR><BR>`We would like to see a scale of Stamp Duty that reflects the house price inflation in recent years,` said Mr Lilly. <BR><BR>Meanwhile, the NAEA are also concerned that buy-to-let investors are being left out in the cold on Capital Gains Tax. <BR><BR>They feel it should be revised to create a better incentive, enabling investors to buy and sell property more easily, creating fluidity and variety in the market. <BR><BR>As far as green policies are concerned, Mr Lilly said a lifting of VAT on eco products to promote energy efficiency and sustainability in the home has to be the way forward.<BR><BR> <BR> <BR> <BR> <BR> <BR> <BR>Mon, 31 Mar 2008 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001033http://www.ableestates.com/newsdetails.aspx?ID=10001034In January 2007 I started training for the London Marathon.After several months running in all types of weather(usually the wet and cold type)and with only a couple of weeks to go I unfortunatley got an injury that forced me to pull out.<BR><BR>In January 2008 I started training again for this years Marathon and have been pounding the streets ever since.Now that I have earned myself some embarrassing `chaffing` scares and have experienced the pain of `joggers nipple` I feel ready to take on the biggest physical challenge of my life!<BR><BR>My chosen charity that I shall be running for is the Lymphoma Association.They help people who have Hodgkin lymphoma and non-hodgkin lymohomas.These are cancers of the lymphatic system,which,collectively,are commonly known as lymphomas.The lymphatic system is part of the `immune system` - the bodys defence against infection.Around 9000 patients are diagnosed with Non - Hodgkins lymphomas and nearly 1400 new cases of Hodgkin lymphoma seen amongst those aged between 15 to 35.<BR><BR>This is where the Lymphatic Association can help,by providing information and emotional support to anyone with lymphatic cancer and to their families,cares and friends.<BR><BR>Anyone wishing to show their support can log onto www.justgiving.com/peterjones4, or call,click or pop into either of Able Estates offices.All donations will be greatly appreciated,<BR><BR><BR>Tue, 01 Apr 2008 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001034http://www.ableestates.com/newsdetails.aspx?ID=10001035<BR><BR>Market Overview and Monthly Update<BR><BR>In spite of the credit crunch resulting in a more stringent mortgage environment, sellers are testing the market at prices still remarkably close to the peak of last year’s boom. Most sellers coming to the market seem to be ignoring the increased competition from other unsold properties and the challenge buyers now face in obtaining a mortgage. As many of these sellers are likely to be buyers themselves, they seem to be trying to bank a higher figure for their home but want a bargain when they buy. It’s human nature, but in the current market, sellers should price below their competition to achieve more interest now and avoid a larger price drop later in the year. <BR>The challenge to sellers is to get smart and accept this new reality. The best price sellers can achieve has fallen - though they won’t lose out if they are then planning on buying as well. Smart pricing is required and should take into account recent comparable property sales, buyers’ affordability constraints and competing properties on the market. Fortunately levels of new listings remain limited by market conditions, the costs of providing a HIP, and drastic cut backs in new homes. These factors will help prevent excessive over supply from causing the sharp falls seen in many areas of the US housing market.<BR>Over the past month, time on the market has seen a substantial drop to 82 days from 93. Whilst this is to be expected at this time of year due to more sales than in the quieter winter months, this reduction shows there is a positive base of activity in the market if you are willing to price intelligently.<BR>As the credit crunch shows no sign of easing, there is a risk that lending criteria will tighten even further, causing more damage to the market. Some properties may effectively become un-saleable as potential buyers cannot get a mortgage. If we are to avoid a period of stagnation, as a matter of urgency, sellers need to price more realistically now rather than later in the year.<BR><BR>Summary<BR><BR>Here at Able Estates we feel that it is important for you to make the right decision on which agent you chose to market your property, we regularly keep in touch with the markets ongoing trends and find ways to market and sell your property using our unique selling skills. We are also local agents who employ local people with vast knowledge on your area to answer any queries and questions to your potential buyers.<BR><BR><BR> <BR>Tue, 08 Apr 2008 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001035http://www.ableestates.com/newsdetails.aspx?ID=10001037Able Estates are extremely proud to confirm that Peter Jones one of our directors completed this years London Marathon in a fantastic time of 4 hours, 35 minutes.<BR><BR>Peter`s chosen charity that he ran for was ` The Lymphoma Association ` who help by providing information and emotional support to anyone with lymohatic cancer and to their families, carers and friends.<BR><BR>The lymphatic system is part of the ` immune system ` - the bodies defence against infection. Around 9,000 patients are diagnosed with Non - Hodgkins lymphomas and nearly 1400 new cases of Hodgkin lymphoma seen amongst those aged between 15 to 35.<BR><BR>If you would still like to make a donation to this fantastic charity it is not to late - to show your support you can log on to www.justgiving.com/peterjones4 or call or pop in to either of the Able Estates branches plus you can e-mail Peter on nhsales@ableestates.com<BR><BR>Well done Peter, we are all very proud of you.<BR><BR>Mon, 21 Apr 2008 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001037http://www.ableestates.com/newsdetails.aspx?ID=10001038House sellers have finally recognised that a decade of rising prices has come to an end. With average asking prices rising below the level of wage inflation and Bank of England interest rates of 5% compared to 5.75% a year ago, buyers with cash or reasonable deposits are now able to get more home for their money. On average across the country the length of time a property stays on the market has risen as well, from 82 days to 85 days over the last month, by far the highest measured for this time of year. Sellers will thus need to set their initial competing price competitively, and also be prepared to negotiate. First time buyer affordability has been boosted by property prices falling over the last month. The change in seller behavior indicates a speedier market recovery could be feasible with coordinated action by all relevant stakeholders, including the Government, the Bank of England, lenders, sellers and agents to improve buyer affordability by reacting more quickly to the new market conditions. <BR>With Bexley’s annual asking price growth down to 1.1%, and average earnings growing at 3.7%, buyers with their financing in place will find that their purchasing power has now improved over the last 12 months. This ongoing improvement in buyer affordability is key to market recovery. Buyers who have saved through the winter and are now emerging to enter the spring market will find there are deals to be had. It’s a buyers’ market, but only if that buyer is buying for cash or can put down a good deposit.<BR> It could be a good time to trade up in the market. Likewise, sellers would be smart to look for buyers with a short chain, as there is more chance of longer chains falling apart with mortgages more difficult to obtain. To reiterate without the driver of rising unemployment and significant levels of forced sales, the most likely outcome is market stagnation with depressed sales volumes as opposed to substantial price falls. Neither a crash nor the current stagnation is a palatable or politically acceptable outcome. Unless the anticipated steps to be taken by the Bank of England are effective, potential buyers will be impotent to the seduction of lower asking prices, unless they are cash-rich. While this month’s reduction in interest rates by the Bank of England was welcomed, its limited influence on potential buyers’ mortgage rates shows that on its own, it is not enough. Rather than talking or finger-pointing, immediate action is needed to improve mortgage liquidity and enable lenders to raise funds. Re-opening the money markets so that the interbank lending rate falls closer in line with base rates would give a further, and much needed, boost to affordability and sentiment. <BR>In spite of challenging market conditions, sales have not ground to a halt, and deals are still being done. The market therefore has the potential to recover confidence if the right conditions are put in place. The slowdown is a natural market reaction to prices that we knew were overheated, though it has been magnified with the added major complication of the credit crunch.<BR>Tue, 13 May 2008 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001038http://www.ableestates.com/newsdetails.aspx?ID=10001039Please note both Able Estates branches will be open all over the Spring Bank Holiday and we will be delighted to see you and see if we can find your dream home.<BR><BR>Our opening hours are as follows: <BR><BR>Saturday 24th May - 9.00am to 6.00pm<BR><BR>Sunday 25th May - 10.00am to 4.00pm<BR><BR>Monday 26th May - 10.00am to 3.00pm<BR><BR>Please feel free to either call us on 020 8306 2020 or call in to see us for more infomation.Thu, 22 May 2008 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001039http://www.ableestates.com/newsdetails.aspx?ID=10001040Home owners received a double dose of good news yesterday as experts dismissed predictions of a property crash - and Britain`s biggest mortgage lender cut its rates. <BR> Despite doom-mongers` gloomy forecasts, house prices remain up on last year with annual growth at 1.7 per cent last month.<BR> The figure comes as Halifax announced it is to cut some mortgage rates by between 0.10 and 0.20 percentage points for existing customers, potentially saving them hundreds of pounds per year.<BR> John Wriglesworth, housing economist at Wriglesworth Consultancy, said "There is no sign of a property crash and never has been. Predictions otherwise have been grossly exaggerated. What we have we seen is a small correction from a massive peak and there is very little chance falling into an abyss. What we need is for lenders to loosen the purse strings."<BR> Halifax`s decision to slash rates on its three- and five- year fixed and tracker deals means customers looking to remortgage will now pay up to £200 a year less on an average £100,000 mortgage.<BR> The cuts follow the lead of the Nationwide Building Society and Abbey, which reduced rates last week.<BR> In further good news, the latest house price index - based on information from five major UK house value surveys - showed annual growth remained steady at 1.7 per cent last month.<BR> Although, down for 3.6 per cent in March, the figure shows the house prices are still up on last April.<BR> The typical house in the UK is now valued at £215,089 six months ago. But annually, the typical home owner would have seen the price of their home rise by £2,279 since April 2007.<BR> Stuart Law, of Assetz House Price Index which carried out the research, said "I`m yet to see any firm evidence of a house market crash. Values in this country have remained extremely robust." He said with some lenders now cutting their rates, the market "should return to a degree of normality, perhaps as soon as September".<BR> Peter Bolton King, chief executive of the National Association of Estate Agents, also predicted an upturn in the market in the second half of the year. He said: " We just need a couple of good deals offered by lenders and people will start to borrow and buy again."<BR> But while mortgage market looks more positive, the cost of personal borrowing is soaring, with the rate for a £7,500 loan rising by almost one per cent to an average of 8.88 per cent in the past six months.<BR> A survey for MoneyExpert.com as found loans were becoming more difficult to obtain as lenders imposed stricter criteria.Thu, 22 May 2008 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001040http://www.ableestates.com/newsdetails.aspx?ID=10001041New-to-market sellers, not facing financial distress, are testing the market at prices now in excess of the peak of the boom and ignoring the consequence of ever-tightening mortgage availability. New sellers can see the storm clouds overhead but seem to believe it’s only raining on other people. The reality is it started raining last September, and has reached storm force in the last month. The free flowing mortgage tap has been turned off. Sellers who are out to achieve last year’s prices need to accept that the market has fallen and that they will end up being punished by a lower price in the long run. Discretionary movers can afford to test the market and sit there for months. Whilst this is a usual trend at this time of year, it is still indicative of the ‘business as usual’ mindset following 10 years of steadily rising prices.<BR><BR> In the current market, over-pricing is the wrong tactic both to sell your house and speed a recovery in sales volumes. Potential buyers of these properties are more mortgagable than those in lower price brackets. However, if a lack of funding and affordability is affecting buyers further down the chain, sellers at the top need to price more realistically to get the market moving. Lenders are looking after number one by raising mortgage arrangement fees, monthly repayments and deposit requirements, and the amount they are prepared to lend is falling. Sellers therefore need to act in a more coordinated way to help improve affordability throughout the chain. However, there are thousands of estate agents and hundreds of thousands of sellers, so reaction to a deteriorating market is a slow process. Average unsold property stock per estate agency branch has jumped to a new record figure, rising from 69 to 73; the highest ever figure Rightmove has measured since records began in August 2002. The previous high was 72 properties in August 2005. <BR><BR>Sales are still happening where sellers are pricing realistically, especially where they are getting similar reductions on the home they are buying. With the current mortgage famine forecast to last for 2 years, sellers need to focus on trying to attract the limited number of buyers who have access to funds. Some estate agents are now turning away new instructions if they are similar to the properties they already have on their books and cannot sell. This is a major cultural change for most estate agents, but those of us with experience of previous downturns recognise there are big costs in burdening ourselves with even more over priced stock.<BR>Fri, 23 May 2008 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001041http://www.ableestates.com/newsdetails.aspx?ID=10001042Home sellers’ expectation of the price they will be able to obtain when selling their property is lowering, shows the Rightmove House Price Index. In spite of the lowest housing transactions for 30 years, new sellers had been coming to the market asking record prices. Thankfully, new sellers are now taking some proactive steps to price more realistically from the outset to attract increasingly hard-pressed buyers. It is essential your property stands out over your competition, especially with a property to buyer ratio of 15 to 1. Sales are still happening, and there is a pent-up demand for the right properties at the right price. The homes that are in special locations have strong character details or immaculate finishes are still popular if priced realistically. Run-of-the mill homes that are not much different to others on the market have to stand out as bargain buys, and badly presented homes have to be really cheap. <BR><BR>Lenders are trying not to lend right now and are just cherry-picking for profit. With approximately half the mortgage funds available, homes have to stand out to attract the half of buyers that can still buy. For most sellers that will mean whatever they thought of asking for their property at the peak of the boom, they need to take at least 10% off. Otherwise, their property will stagnate. Remember rental yields are up and existing landlords are looking to take advantage in a slow down in the market and add to there portfolio.<BR><BR>After a decade of relatively easy selling conditions, motivated sellers and their estate agent need to act together to ensure their property has the power to attract that one buyer away from the other 14 competitor homes. Many estate agents were not in the market in the early 90’s downturn and in the meantime, new technology and resources have emerged to fundamentally change successful sales techniques. The transparency and reach of the internet means buyers are much more informed, and with one million properties for sale at the moment, all of which can be easily accessed online, there is no hiding if your home is not properly priced and marketed. <BR><BR>Sellers need to consider the 3 P’s - Pricing, Presentation and Promotion. Pricing has to be below the competition and presentation of their property has to be the most attractive on the street. Having got those two basic elements right, it is then crucial to promote the property to really stand out from the rest. Estate agents now have to market like pro’s and sellers have to provide them with the right raw material. Once you’ve sold, this is a great market for trading up; with ample opportunity to negotiate a reduction on the one you are buying and moving into a sought after area where there is normally restricted choice.<BR><BR>Mon, 30 Jun 2008 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001042http://www.ableestates.com/newsdetails.aspx?ID=10001043Peter Jones, one of the Able directors recently visited Greenwich & Bexley Hospice to present Jim Bennett & Peter Butler with the final payment from our Aniversary year wher Ables had pledged their support to the hospice throughout this year.<BR><BR>Able`s will still keep in touch with the hospice and even help out at some of the fundays, take part in the sponsored events etc etc<BR><BR>We have thoroughly enjoyed working with the hospice and in turn donating monies towards this truly special place.<BR><BR>To make a donation or to see what functions are coming up you can visit their website - www.cottagehospice.org.ukMon, 30 Jun 2008 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001043http://www.ableestates.com/newsdetails.aspx?ID=10001044In an ever changing Mortgage market, many potential buyers may find that their hard saved deposit just doesn`t secure them the advance that they need and, ultimately, keep them off of the housing ladder. This can be a frustrating situation for both buyers and sellers alike. <BR>This is where a Vendors deposit may be useful. This scheme may benefit the seller in finding new buyers with limited or no deposit and may also benefit the buyer who may now find that a cheaper more cost effective mortgage is available for them.<BR><BR>If this is something that sounds of interest then please call our offices and ask for information.Mon, 30 Jun 2008 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001044http://www.ableestates.com/newsdetails.aspx?ID=10001045We are pleased to confirm that all 6 represenatives of Able`s completed this years London to Brighton bike ride.<BR><BR>After 54 taxing miles up and down many hills they all arrived safe & sound in Brighton where they were met by friends & family.<BR><BR>All 6 agreed it was a really brilliant day and will definately be taking part next year (are they mad ?? )<BR><BR>Obviously the reason this bike ride takes place is to raise money for the ` British Heart Foundation ` Ables have already raised some monies through their branches but would ask you to please sponsor them as well, you can do this on line by visiting www.justgiving.com/ableestates or call / visit one of our branches.<BR><BR>The ` British Heart Foundation ` is a fantastic charity so please please sponsor our team, anyway we are off now to train for next years bike ride - Thanks for reading.Tue, 01 Jul 2008 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001045http://www.ableestates.com/newsdetails.aspx?ID=10001046Nationwide Building Society has cut rates on selected mortgage products, it has been announced. <BR><BR>Under its new pricing system, rates on its two year fixed rate offer with maximum loan to value (LTV) of 75 per cent will be cut from 6.55 per cent to 6.48 per cent. <BR><BR>Meanwhile, borrowers seeking a two year fix with maximum LTV of 95 per cent will see the rate cut from 7.25 per cent to 7.18 per cent. <BR><BR>The cost of the two-year tracker has also dropped and is now available from 5.98 per cent with an arrangement fee of £599. <BR><BR>Matthew Carter, divisional director for mortgages at Nationwide, said: "As a building society we always aim to offer our members the best possible deals. <BR><BR>"These price changes reinforce our message that, despite tougher market conditions, we remain very much open for business."<BR><BR>News of the move comes after Abbey announced it is cutting its tracker rates by up to 0.20 percentage points for borrowers with 25 per cent equity, with Birmingham Midshires also expected to announce a reduction this week.<BR><BR>Mon, 07 Jul 2008 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001046http://www.ableestates.com/newsdetails.aspx?ID=1007Are you getting the best service from your Agent?<BR><BR>If not give Able Estates a call!<BR><BR>Competitive management fee including full management, tenancy agreements, inspections, rent guarantee, legal cover, subscription to tenancy deposit scheme.<BR><BR>No hidden extras.<BR><BR>Introduction service also available.Thu, 10 Jul 2008 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=1007http://www.ableestates.com/newsdetails.aspx?ID=10001047The average rate on two-year fixed rate mortgages has fallen below seven per cent, bringing a modicum of respite to cash-strapped borrowers. <BR><BR>According to Moneyfacts, just ten days age the typical rate on these deals peaked at 7.08 per cent - its highest rate in a decade<BR>However, signs of an easing in conditions in the money markets mean that lenders have been able to cut the cost of deals, with the average rate now standing at 6.96 per cent. <BR><BR>The cost of three and five years fixes has also been cut by lenders, with typical rates now at 7.18 per cent and 6.99 per cent respectivelyTue, 22 Jul 2008 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001047http://www.ableestates.com/newsdetails.aspx?ID=10001048First time buyers are beginning to return to the property market, new figures from the National Association of Estate Agents (NAEA) suggest.<BR><BR>According to the organisation during June its members reported that the proportion of sales involving novice homebuyers hit 11.8 per cent.<BR><BR>This represents an increase of 1.2 per cent from May and a rise of 9.8 per cent compared with June last year. <BR><BR>Chris Brown, president of the NAEA, commented: "Members have reported that the first time buyer market is slowly increasing with 11.8 per cent shown as the percentage share of first time buyer sales in June.<BR><BR>"For first time buyers who have the adequate funds in place and can secure mortgages, now is a time they can operate as opportunists and take advantage of the market and the properties and prices currently available." <BR><BR>The Council of Mortgage Lenders has reported that in June the average deposit put down by first time buyers stood at 13 per cent.Thu, 24 Jul 2008 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001048http://www.ableestates.com/newsdetails.aspx?ID=10001049It was announced this week that the government are considering suspensions to the existing stamp duty levels in order to help first time buyers and those at the lower end of the property scale through the credit crisis. <BR><BR>An official government spokesman stated that talks were being held to find a way top relieve the burden felt by the current financial state as a whole, and to boost the property market. Currently all homes above £125,000 are required to pay Stamp Duty, but in a move similar to that which the Conservatives took in 1992 when they raised the threshold to £250,000. The official told the Daily Mail that the government is being "exercised about the housing market and they are looking at a lot of different measures."Thu, 24 Jul 2008 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001049http://www.ableestates.com/newsdetails.aspx?ID=10001050Thursday 31st July 2008<BR><BR>The cost of fixed-rate deals is falling, offering a "glimmer of hope" to borrowers amid the downturn in the housing market, according to Moneyfacts.co.uk. <BR><BR>Research conducted by the personal finance site showed that the average cost of a two-year fixed rate as of July 11th was 7.08 per cent. <BR><BR>However, since this time the fall in swap rates, which are used by lenders to set rates for fixes, the average rate has fallen to 6.95 per cent. <BR><BR>The cost of the deals has been brought down after a number of mainstream lenders have announced cuts to rates recently. <BR><BR>These include Halifax, Cheltenham & Gloucester (C&G), Nationwide and HSBC, which currently charge an average rate of 6.76 per cent. <BR><BR>Darren Cook, mortgage expert at the site, commented: "There is a faint glimmer of hope the fixed-rate mortgage market is returning to some sort of normality."Fri, 01 Aug 2008 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001050http://www.ableestates.com/newsdetails.aspx?ID=10001051Homebuyers will not have to pay stamp duty on properties costing £175,000 or less for the next 12 months.<BR><BR>The current £125,000 threshold will be raised as part of a package of measures aimed at boosting the housing market.<BR><BR>Someone buying a home for £175,000 will save £1,750 under the scheme, which is likely to cost the Treasury £600m.<BR><BR>The goverment estimates half of all property transactions will now be exempt from stamp duty - up from one third when the threshold was £125,000.Tue, 02 Sep 2008 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001051http://www.ableestates.com/newsdetails.aspx?ID=10001052THE NAEA URGE CONSUMERS TO BE PATIENT AND CONTINUE TO SEE BUYING A HOME AS A SOUND INVESTMENT.<BR><BR>Peter Bolton King, Chief Executive of The National Association of Estate Agents (NAEA), the residential sales arm of the National Federation of Property Professionals (NFOPP), comments: <BR><BR>`The property market has been unsteady since the start of the year and quite an unpredictable one. It has been a tough time for the industry and a loss of confidence from consumers is clear from the drop in sales and a ‘wait and see’ approach being adopted by so many. <BR><BR>`There has been a stream of negative information portrayed in the media and despite all of the pessimisms surrounding the industry a property should still be seen as a sound investment. The market is shaky now but it will return in the next year or two and when it does it will offer substantial returns. The reduction in new build homes is serving only to increase pent up demand. As long as a home is purchased with the plan to settle in and keep it for the foreseeable future then now is a great time to invest in a property.`<BR>Sat, 27 Sep 2008 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001052http://www.ableestates.com/newsdetails.aspx?ID=10001053Propertylive.co.uk, the new portal from the National Federation of Property Professionals, finally went live yesterday (Wednesday), good news for the many member agents rooting for its success.<BR><BR>NFOPP chief executive Peter Bolton King said that it had been hoped to launch the portal over the weekend but a couple of glitches had forced the delay. Another glitch yesterday meant that the site failed almost immediately after going live, but was swiftly up and running again.<BR><BR>Bolton King was careful to control expectations, and asked his member agents to be patient over the next few weeks as work continued on uploading properties.<BR><BR>`Technically, we have an enormous task because I don’t think anyone else has tried to build a site so rapidly, with so many properties. We have 200,000 ready to go on. I think we will start by loading 50,000 properties and build from there.`<BR><BR>Journalists had initially been specifically briefed that the site would go live just over a week ago at Agency Expo, but in the event there was merely a demo.<BR><BR>Meanwhile, another site, propertylive.me, has established itself online. However, Bolton King said that its existence had nothing at all to do with the delayed launch of the NFOPP site.<BR><BR>Propertylive.co.uk will be a free benefit to all members of NFOPP, including the NAEA and ARLA. <BR>Thu, 23 Oct 2008 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001053http://www.ableestates.com/newsdetails.aspx?ID=10001054The number of loans granted to first time buyers declined in August to 15,600, according to data released by the Council of Mortgage Lenders (CML), whose members provide 98 per cent of all UK mortgages. The number of loans granted, is the lowest since the CML began compiling the information back in 2000, with the first time buyer average approved loan at £106,754.<BR><BR>According to property data company Hometrack, it is estimated that there are 1.6 million 20-39 year olds, who are renting because! they cannot afford to get on the property ladder. Potential buyers are forced to stay in rented accommodation for longer than they had planned.<BR><BR>Mortgage finance is still generally expensive and first time buyers are now spending 12 per cent more per week on mortgages, compared with a year ago. This coupled with increased deposit requirements, is resulting in further deterring prospective buyers.<BR><BR>Consequently many first time buyers are ‘playing the waiting game’ in the hope that given time, they will once again be in a position to climb onto the property ladder when the housing market ‘bottoms-out.’ <BR><BR>However the current market does now offer genuinley affordable properties for 1st Time buyers, so be careful playing the waiting game.Sat, 25 Oct 2008 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001054http://www.ableestates.com/newsdetails.aspx?ID=10001055The downward trend in asking prices continues, with new sellers now marketing at 4.9% less than 12 months ago, the largest year-on-year fall ever recorded by Rightmove. At the same time, `property vultures` are circling, looking harder and longer for a good deal. Old habits associated with ten years of a rising market remain however despite a severe downturn in property sales volumes. New sellers increased their asking prices by 1% compared to last month, though the price rise was far less pronounced than the October norm of circa 2% seen in more buoyant years. This continued the traditional of an autumn bounce in asking prices as, in spite of financial mayhem, some sellers are tempted to think their own residence is more desirable than its competition. Estate agents are also competing for scarce additional stock on the off chance it will sell and boost revenues before Christmas. However, all should note that for the first time, this month sees all regions of the country slipping into negative territory compared to a year ago.<BR>Any potential buyer will drive a hard bargain, so the temptation for sellers to price up and negotiate later may seem like a good idea. These are not the tactics of sellers in real financial hardship, and it would appear that the economic downturn has yet to become an everyday reality to most people. This is about to change as, unfortunately it looks like rising unemployment and an increasing pipeline of repossessions will drastically alter the complexion of the market in 2009.<BR>For now, we continue to see evidence of the lack of urgency for sellers to enter the market resulting in average unsold stock per estate agent decreasing from 78 to 76. These levels still remain at historic highs, a testament to the lack of buyer activity as well as sellers being unwilling to accept a price in line with those few deals that are being achieved. Sellers should be mindful that rapidly rising unemployment is historically linked to a surge in forced sales, driving prices down further.<BR>While fewer buyers may be ready to proceed, a number of `property vultures` are looking harder and longer for the right deal. Prospective home movers researching the market now spend an average of 13 minutes per visit to the site. During searches, sellers who price too high are easy to ignore and in danger of missing the impact a new listing generates. Once initial momentum is wasted, their fate tends to be a downward spiral of price reductions and a growing suspicion among would-be buyers that the property lacks appeal and popularity.<BR>For those who have been active in the housing market in the last 20 years, or were now hoping to get on the housing ladder following recent price falls, the rules have changed for good. When we look back on these turbulent times, I suspect we will not only realise that we came closer to the brink than most imagine, but we will also clearly recognise it as the end of the long period of growth in owner occupation.`<BR> <BR>Tue, 11 Nov 2008 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001055http://www.ableestates.com/newsdetails.aspx?ID=10001056Borrowers who are now `Quids in`<BR><BR>Friday 7th November 2008<BR><BR>So, what does the 1.5% cut in base rate mean for those with mortgages?<BR><BR>Undoubtedly, the real winners are those with tracker mortgages, which follow the movements of the Bank of England’s base rate.<BR><BR>This immediately translated into large monthly savings for borrowers who have benefited from an overall cut in interest rates from 5% to 3% in the last few months. Recent borrowers with tracker mortgages in particular are reaping the rewards.<BR><BR>However, the bad news is that on Wednesday, the day before the 1.5% interest rate cut – taking us back to 3% – Woolwich, Lloyds TSB and Northern Rock all removed their tracker mortgages, while Abbey pre-empted what it thought would be a half-point cut in interest rates by increasing its margin on tracker mortgages by 0.5% on Tuesday.<BR><BR>Furthermore, according to the Financial Times, brokers say they expect all lenders to raise tracker mortgage rates to avoid being inundated with applications from homeowners looking to benefit from further interest rate falls.<BR><BR>However, for those who got their tracker mortgages in good time, the savings are extraordinary and the luckiest (though no doubt they’d say the savviest) are the buy-to-let brigade who are now benefiting from good rental demand as well as lower borrowing costs. They are literally `Quids in`.<BR><BR>We currently offer an Independent Mortgage Advice Service to all our prospective purchasers and would like to extend this service to our existing customers as well. If you are interested in a ‘No Obligation’ review of your mortgage or financial arrangements with our resident Mortgage Adviser please contact us on 020 8306 2020.<BR>Tue, 11 Nov 2008 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001056http://www.ableestates.com/newsdetails.aspx?ID=10001059Able Estates were contacted by the BBC as they were looking for a property that needed a little freshening up for a Property Program they were doing in 2009. They chose this lovely 2 Bedroom End of Terrace house to have a professional makeover for that program. The property is located in North Thamesmead and is literally minutes away from the local Golf Course & River Thames with its lovely walkways. Once inside you will find a property comprising of Entrance Hall, Kitchen, Living room leading on to a lovely Conservatory which in turn opens on to the Rear Garden. Upstairs are 2 Double Bedrooms and a Shower Room with Double Shower Cubicle. <BR><BR><BR><BR>Tue, 23 Dec 2008 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001059http://www.ableestates.com/newsdetails.aspx?ID=10001060Fellow Estate Agents and Independent Financial Advisors (IFA) are feeding us with positive news and to enable us all to share in this feel good factor we would like to pass this positive information onto you `The Public`<BR><BR> <BR><BR>This week an IFA in South East London was over the moon, he said, ‘one lender has introduced a fixed rate of 4.99% with a deposit of 15% with no ridiculous arrangement fees.’ Hooray finally a lender who is moving in the right direction and away from the 25% deposit requirements of 2008.<BR><BR> <BR><BR>The Bank of England, for the fourth month, has reduced the official base rate and it now stands at 1.5 percent. Hopefully this will give the banks and building societies another kick start in reducing their rates. <BR><BR> <BR>This genuinly is an excellent time to buy a property, there are great bargains for 1st time buyers, Vendors looking to upgrade and Investors to be had - PRICES ARE LOW & THERE IS LOTS TO CHOOSE FROM, so let’s do away with the doom and gloom of 2008 and welcome in an optimistic 2009. <BR><BR>Make this the year you finally get on the property ladder, buy an Investment home or trade up to that bigger Dream home!! Dont wait for the market to bottom out because before you know it prices will be on the increase and you will have missed the boat.<BR><BR>If you would like to discuss your property requirements or need advice on selling your home then please feel free to call either of the Able Offices.<BR><BR>Best Regards<BR><BR>Paul Servis<BR>Able Estates Director.<BR><BR> <BR><BR>Fri, 09 Jan 2009 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001060http://www.ableestates.com/newsdetails.aspx?ID=10001061The new Woolwich Arsenal Docklands Light Railway (DLR) Station has now opened. It is the terminus to a new £18 million extension providing another vital north-south link to the capital. The extension also links DLR King George V Station on the north of the river with Woolwich Arsenal in the south. Boris Johnson, the Mayor of London said "I am absolutely delighted that this extension of the DLR with its cracking new station is up and running and puts Woolwich Arsenal firmly on the Tube map". Woolwich has long lacked the transport links that encourage the creation of new jobs, homes and shops and this is exactly the sort of project that will help kick the credit crunch where it hurts. The extension will also play an important role in the Olympic transport network. People in this part of London will now be just a 24 minute hop, skip and jump away from the Olympic site. As with the rest of the DLR network, Woolwich Arsenal station has step-free access to all platforms and trains. Connections - Woolwich to London City Airport in six mins, Canary Wharf in 20 mins, Stratford in 23 mins and Bank in 28 mins. In the peak period, trains will leave every six to seven mins DirectTue, 13 Jan 2009 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001061http://www.ableestates.com/newsdetails.aspx?ID=10001062We are pleased to inform you that you can also find Able Estates on Facebook. It is an open group which means anyone can join. Please feel free to invite your friends and family to join our group.<BR><BR>In the meantime, if you are considering selling or renting your property, please contact either of the Able Offices for some free, professional advice.Tue, 27 Jan 2009 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001062http://www.ableestates.com/newsdetails.aspx?ID=10001058The staff of Able Estates are once again taking part in the London to Brighton Bike Ride. They sucessfully took part in 2008 and raised around £500 and are hoping to beat that figure this year. Any sponsorship would be greatly appreciated for this worthy cause.Mon, 02 Feb 2009 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001058http://www.ableestates.com/newsdetails.aspx?ID=10001063Please note that both Able Branches are open all over the coming Easter Bank Holiday Weekend, our opening hours are :<BR><BR>Good Friday - 10 am - 3 pm.<BR>Holy Saturday - 9 am - 6 pm.<BR>Easter Sunday - 10 am - 4 pm.<BR>Bank Holiday Monday - 10 am - 3 pm.<BR><BR>Please either call us on 0208 306 2020 or pop in and see us .<BR><BR>Happy Easter Weekend from all the staff @ Able`s.Thu, 09 Apr 2009 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001063http://www.ableestates.com/newsdetails.aspx?ID=10001064The latest survey from online portal Rightmove has revealed that sellers who are putting their homes on the market this month are raising the average asking price by 1.8 per cent - the biggest rise in more than a year - and this, coupled with a smaller annual decline, has given new hope that the UK market is recovering... <BR><BR>The third consecutive rise in asking prices this month - taking average prices up by almost £4,000 to £222,077, is hopefully heralding a new dawn for the UK property market. <BR><BR>The rise in asking prices this month is the biggest rise in 14 months and, although prices did still drop in April, it was the smallest decline since January and well down from the nine per cent fall last month. <BR><BR>There was also an increase in the number of new sellers tempted to market their homes in the last month, up 13 per cent from March to 22,260. <BR><BR>Time on market for properties has also fallen from 81 to 77 days, which is another good indicator that this may be more than just a seasonal bump and could be the start of a market recovery. <BR><BR>The Council of Mortgage Lenders (CML) also reported that the number of loans for home purchases jumped by four per cent in February compared to January. 24,300 mortgages worth £3.1 billion were completed by banks and building societies during the month, up from 23,400 in January. <BR><BR>The British Bankers` Association (BBA) said mortgage approvals increased for the third month in a row in February, up to 28,179 from 24,278 in January and way above November`s record low of 17,878. <BR><BR>However, Londoners still had to endure their homes falling by an average of 3.2 per cent - the only region to show a decline. <BR><BR>Research from property website Globrix showed that a small number of towns across Britain proved to be surprisingly resilient against the housing slump. <BR><BR>Cheltenham, Guildford and Sevenoaks have all seen average property prices fall less than two per cent since September last year, with prices in Cheltenham prices dropping by just 0.2 per cent to £219,999 in that period. <BR><BR>Rightmove`s Commercial Director, Miles Shipside said, "It looks like we are now bumping along the bottom of the trough. <BR><BR>"But, for there to be any real sense of optimism that we`re on a sustainable road to recovery, the availability of mortgage finance needs to improve significantly. <BR><BR>"Thankfully mortgage lenders are finally starting to release more funds to finance new house purchases.<BR><BR>"Some sellers are doing deals at prices that have adjusted to the new reality, though there also remain some real property black spots of overpriced supply outstripping recession-dimmed demand," added Mr Shipside. <BR><BR>For any advice regarding your property please feel free to call either of the Able branches.<BR>Tue, 21 Apr 2009 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001064http://www.ableestates.com/newsdetails.aspx?ID=10001065Hospice 15th Anniversary Sponsored Walk<BR><BR> <BR><BR>Our anniversary walk takes place on Bank Holiday Monday, May 4th.<BR><BR> <BR><BR>Are you joining us for our special walk? If so thank you for registering, if you have yet to decide, please think about it now.<BR><BR> <BR><BR>It`s FREE to take part if you are gaining sponsorship for the Hospice. Ask your friends and family to join you – if they can’t make it – ask them to sponsor you! It all takes place along the Green Chain Walk and the Thames Path with some amazing views to take in along the way.<BR><BR> <BR><BR>Registration - is so easy. All you have to do is click this link to our website www.cottagehospice.org.uk/walk or fill in a form which you can get by giving us a call on 020 8312 2244 or pick one up from any of our 12 charity shops or Hospice Reception on Bostall Hill. <BR><BR> <BR><BR>We have 3 starts – so there’s one local to you: <BR><BR> <BR><BR>Eltham Park South, Glenesk Road, Eltham<BR><BR>Charlton Park<BR><BR>Bostall Heath, Abbey Wood (opposite the Hospice)<BR><BR> <BR><BR>With 15 routes of 3, 5, 7, 10 or 15 miles to choose from – there’s something for everyone! If you can’t manage any of these – do the ‘Hospice Stroll’ – a flat circuit available at each start point.<BR><BR> <BR><BR>There’ll be fun warm-up sessions, hot and cold refreshments and everyone receives a medal on completion (including your dog!)<BR><BR> <BR><BR>Please pass this message onto your family and friends and support your local Hospice - see you there!<BR><BR> <BR><BR>Tue, 28 Apr 2009 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001065http://www.ableestates.com/newsdetails.aspx?ID=10001066AS NORMAL ABLE ESTATES WILL BE OPEN ALL OVER THIS COMING BANK HOLIDAY !!<BR><BR>SATURDAY 2nd MAY - 9am - 6pm.<BR>SUNDAY 3rd MAY - 10am - 4pm.<BR>MONDAY 4th MAY - 10am - 3pm.<BR><BR>Either call us on 0208 306 2020 or pop in to see us, we may have a property you may want to buy or let.Thu, 30 Apr 2009 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001066http://www.ableestates.com/newsdetails.aspx?ID=10001067We are delighted to say Able`s will be entering a team in the bike ride for the 2nd year running.If you would like to sponsor us please log on to:<BR><BR>www.justgiving.com/paulservis<BR><BR>Its very easy to do and all donations go to The British Heart Foundation which i am sure you will agree is a fantastic charity.<BR><BR>Thanks for your support - Able EstatesFri, 15 May 2009 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001067http://www.ableestates.com/newsdetails.aspx?ID=10001068LAUNCH OF HOSPICE LOTTERY - We are delighted to announce that we have launched a Lottery that will support our on going work. This will be a new and important income stream for us and in time will raise significant amounts of money that will support our very special care.<BR>Some key points about the Lottery - It will cost £2 to play. The draw will take place every Friday. Each £2 weekly entry entitles you to a unique number which will be sent to you in the post. Numbers are randomly selected by computer. <BR><BR>There will be 40 prizes each week comprising of:-<BR>4 prizes of £50<BR>5 prizes of £20<BR>10 prizes of £10<BR>20 prizes of £5<BR><BR>Prizes are issued automatically and a cheque is sent the week following the draw. The first draw will be held on Friday 31st July 2009<BR><BR>You can register on line at www.cottagehospicelottery.org.uk or telephone 0870 085 3779.<BR><BR>How will £2 make a difference? It will be used to add value to our patient care at the hospice, in the community, in local care homes and at Queen Elizabeth Hospital, Woolwich. It will also provide support for families and carers.Fri, 15 May 2009 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001068http://www.ableestates.com/newsdetails.aspx?ID=10001069Able Estates staff are now officially TV stars - You may have spotted our Director Paul Servis on BBC London News last Friday 15th May on the 6.30 local news and also the News @ 10 that night. Paul was asked whether he thought the money being spent on the new highspeed ` Crossrail ` link going in to Abbey wood was worth it - he gave a definate Yes it is - great for the local Area, Business`s & most importantly improves this areas transport links for you the Public !!<BR><BR>On Weds 27th May @ 11am you can also see Lynn Randall from our Abbey wood office appearing in a property program called ` The Unsellables ` which features one of Able`s properties in Sunningdale Close, North Thamesmead having a makeover & Lynn being asked questions about the property & local area. Lynn has dealt with properties in and around Thamesmead for many years so was the ideal member of staff to be on the show.<BR><BR>So if your at home next wednesday then please tune in, alternatively if you would like to find out more about the property in Sunningdale Close which has had the makeover or would like to know more about the new ` Crossrail ` link coming in to Abbey wood then please feel free to call Paul or Lynn on 0208 306 2020<BR><BR>They will be happy to help you.Thu, 21 May 2009 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001069http://www.ableestates.com/newsdetails.aspx?ID=10001070The Conservatives’ promise to scrap HIPs immediately, if they get into power it is to be in the party’s general election manifesto.<BR><BR>The news was revealed by shadow housing minister Grant Shapps in a meeting with the chief executive of the NAEA, Peter Bolton King, and president Gary Smith. <BR><BR>Smith said of Shapps that he was extremely well briefed and that his approach `was in accord with ours on virtually every point` raised in the meeting.<BR><BR>Shapps also confirmed that the Tories will retain Energy Performance Certificates, whilst making them less bureaucratic. <BR><BR>He did not, however, offer any support for compulsory licensing of estate agents, letting agents and landlords. Smith said it was made clear that the Tories favour self-regulation. Only if circumstances necessitated regulation in the future would licensing be considered, but even then it would be a ‘light touch’ approach.<BR><BR>Other subjects discussed at the meeting included the difficulties of home buyers in obtaining mortgages, rates on empty commercial properties, and the problems for private developers in raising finance for housing projects which could lead to a shortage of supply of new properties when the market picks up again. <BR><BR>Smith said: `We came away with the feeling that the points we raised had been listened to and understood, and where we believed action was required it would be carefully considered.` <BR>Sat, 11 Jul 2009 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001070http://www.ableestates.com/newsdetails.aspx?ID=10001071Prices fell by 0.5% in June, with the average price of a property now standing at £157,713 – 15% down on this time a year ago.<BR><BR>According to the Halifax, house prices have fallen every month of this year apart from January and May.<BR><BR>This is roughly in line with Nationwide, which reported a 0.9% rise in May. But although Nationwide’s average house price – at £156,442 – is very close to Halifax’s, Nationwide says that average house prices are now only 9.3% lower than a year ago. Nationwide has also reported house price rises in three of the last four months.<BR><BR>However, completely out of sync with both is the average asking price of property on Rightmove, which now stands at £226,436 – a 0.4% fall on May’s figure, down just 5.5% year on year, and far higher than either Halifax’s or Nationwide’s selling prices.<BR><BR>RICS chief economist Simon Rubinsohn said of the latest Halifax figures: `It is far from clear that prices have bottomed.` <BR><BR>Propertyfinder director Nicholas Leeming said: `The short-sighted mortgage rate hikes by lenders in June dented public confidence and set back house prices, a blot on the housing market landscape after the positive indications of recent weeks. <BR><BR>`This doesn’t mean the housing market revival has ground to a halt at the first sign of trouble, but it serves as a reminder that the property market is still in intensive care.`Sat, 11 Jul 2009 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001071http://www.ableestates.com/newsdetails.aspx?ID=10001072Rents across the UK are finally showing signs of stabilising, after prolonged falls because of saturated supply.<BR><BR>Average monthly rents went up 0.3% in June to £641 – a rise of just £2 from May. <BR><BR>But this was after a continuous monthly drop, altogether amounting to a decline of 11%, since their high in August 2008.<BR><BR>The number of new tenants registering to rent has gone up 18% in the last 12 months.<BR><BR> `Since last summer, rents have been forced down by a huge increase in the supply of stock on the lettings market. However, a rapid rise in demand from tenants in May and June has helped redress the balance and stopped the downward pressure on rents.`<BR><BR>Tenants signing a lease in June 2009 are saving an average of £624 a year compared with tenants who moved into rented accommodation in June 2008, when typical monthly rents stood at £693 per month.<BR><BR>One reason for today’s lower rents is that tenants are haggling. Website FindaProperty says an online survey it carried out this month, involving almost 2,000 tenants, indicated that almost three-quarters are or will be negotiating a rent reduction. Most want 5–10% knocked off.<BR><BR>The site reports rental stock levels nearly 70% higher than in June 2008. <BR><BR>In London, as opposed to the whole of the UK, rents have been falling for 15 months in a row, according to FindaProperty’s sister site Primelocation.<BR><BR>It reports that prime rental properties are still flooding on to the market, but that the growth rate is finally slowing. The rate of the rise of new rental properties on the market is the lowest since April 2008. <BR><BR>Fri, 24 Jul 2009 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001072http://www.ableestates.com/newsdetails.aspx?ID=10001073The Council of Mortgage Lenders has reported that loans for house purchase climbed 23% from 36,500 in May to 45,000 in June. <BR><BR>But the CML warned that this was less than half the average number of loans recorded for June over the last seven years.<BR><BR>Between April and June 116,700 house purchase loans were advanced by lenders, up 50% from the previous quarter but 22% down on the same period in 2008.<BR><BR>There were just 17,200 first-time buyer loans in June, and 27,800 loans for home movers. The average first-time buyer had a 25% deposit, and home movers had a deposit of 31%.<BR><BR>Paul Samter, economist at the CML, said: `Low interest rates and realistic selling prices have helped generate a welcome increase in transactions.<BR><BR>`But there is some way to go before we reach normal levels of activity.` <BR><BR>Thu, 13 Aug 2009 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001073http://www.ableestates.com/newsdetails.aspx?ID=10001074Are the public finally beginning to love estate agents? Or at least, not hate them so much?<BR><BR>According to a survey by the Co-operative – haven’t they got better things to do, like sell Mother’s Pride, Angel Delight and digestive biscuits? – agents now come only sixth in the list of least respected professions.<BR><BR>Agents have normally topped ‘worst’ lists fairly effortlessly, generally vying for first place with MPs and journalists.<BR><BR>But not this year. Top come traffic wardens, followed by politicians, which seems a bit unfair on traffic wardens.<BR><BR>Then come call centre staff, bankers and footballers.<BR><BR>Strangely, this year’s top ten scumbags include taxmen, salespeople and lawyers – but not journalists.<BR><BR>Regards<BR><BR>Your friendly Estate Agents @ Able Estates.<BR>Thu, 15 Oct 2009 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001074http://www.ableestates.com/newsdetails.aspx?ID=10001075<BR>Some London Agents have put up Sold Out signs as prices soar 12% in a month.<BR><BR><BR>Asking prices for properties new to the market have shot up 2.8% from last month, Rightmove reported today, making it the largest October rise for six years.<BR><BR>The trend is almost right across Britain, although price rises are the most pronounced in London. In some parts of London, prices jumped by over 12%. The only regions where prices did not rise were the North and East Anglia.<BR><BR>Of the 95,000 fresh stock to the market across the UK, 22,000 are priced at under the current Stamp Duty holiday level of £175,000, which ends on December 31.<BR><BR>But it is notable that the number of new listings is down 36% on two years ago. Rightmove says that in London, agents are all but sold out of stock and are reporting that they have fewer than ten properties on their books.<BR><BR>Transactions levels are also still way down – 54% – on 2007. Rightmove warns that these are historically low volumes which distort house price movements.<BR><BR>The site also warns that housing market paralysis could set in for the first half of next year. It cites four possible reasons: Stamp Duty and VAT will have risen; Britain will be firmly entrenched in its new austerity age, when people may lose the taste for trading up; a general election will be forthcoming; and the prospect of HIPs being scrapped may encourage sellers to hold off.<BR><BR>For more information about selling your property please feel free to contact either of the Able Estates offices for some free professional advice.Mon, 19 Oct 2009 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001075http://www.ableestates.com/newsdetails.aspx?ID=10001076The national rental market is looking much more healthy than it did six months ago. The clear out of stock is continuing in fairly dramatic fashion as the sales market improves and a seasonal surge in demand helps mop up excess supply, particularly at the lower end of the market. <BR><BR>"Consequently, rents are on a clear upward trend and long term buy-to-let landlords in London and the South East in particular have reason to feel optimistic that the market is making a sustained recovery."<BR> <BR> • The stock of rental properties on the market dropped sharply in October (-10.2%) - the most significant monthly fall in the history of the index - bringing supply back to the level last seen almost a year ago.<BR><BR>• Rents rose marginally (+0.1%) to £830 pcm in October - the sixth consecutive month of stable or rising prices - remaining 3.8% lower than a year ago. <BR><BR>• Gross yields dip from 4.56% in October as rising house prices put pressure on rental returns<BR><BR>• London and the South East lead the rental market recovery while the majority of regions suffer falling rental values<BR><BR>If you are considering buying a property to rent out or you are already a Landlord and you need some free professional advice then please feel free to contact either of the Able Offices.Mon, 02 Nov 2009 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001076http://www.ableestates.com/newsdetails.aspx?ID=10001077As you can see from our Certificate, Able Estates raised a Fantastic grand total of £2,144.02 !!! All of this goes to the British Heart Foundation.<BR><BR>Able`s would like to thank everybody who made a contribution and to say a BIG WELL DONE to the riders who represented Able Estates.<BR><BR>We shall be taking part in next years London To Brighton bike ride & shall notify everybody accordingly.<BR><BR>Thanks for sponsoring us.<BR><BR>AETue, 24 Nov 2009 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001077http://www.ableestates.com/newsdetails.aspx?ID=10001078Every household under a Tory government will be entitled to claim at least £6,500 in retro-fitted energy improvements.<BR><BR>The scheme, which has attracted the support of Tesco and Marks & Spencer, would cover energy-efficient lighting, modern boilers, and cavity and loft insulation.<BR><BR>Shadow housing minister Grant Shapps says it will create 70,000 new jobs.<BR><BR>Customers will pay nothing up-front, but will be drawn into the scheme by the promise of lower utility bills. The new system will be paid for by retailers, utility firms and charities, who will claw back the costs over a 25-year period from customers’ energy bills.<BR><BR>The small payback will be visible on customers’ bills over each billing periodFri, 27 Nov 2009 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001078http://www.ableestates.com/newsdetails.aspx?ID=10001079The Conservatives would scrap HIPs `in a matter of weeks` after coming to power, shadow housing minister Grant Shapps has said.<BR><BR>Nothing unusual in that: he has been saying it to the trade press, including EAT, consistently and for some time. However, he is now widely telling national newspapers the same thing.<BR><BR><BR>Speaking to The Times, in an interview now carried in several other papers, he said that abolishing HIPs would be his first task, should his party win the election.<BR><BR>Shapps said: `House prices are rising because supply is restricted. HIPs have not helped. The main priority is to scrap them. They are easy to suspend and there are emergency powers we can use to do so. This can happen very quickly. HIPs will be gone in a matter of weeks.`<BR><BR>Shapps also said in the same interview that a Conservative government would raise the house price threshold above which Stamp Duty is payable to £250,000<BR>Fri, 27 Nov 2009 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001079http://www.ableestates.com/newsdetails.aspx?ID=10001080A major project is underway to promote jobs and transform an area of rundown woodland into a wildlife park for protected species. A scheme has begun in Thamesmead, off Waldrist Way, to plant more than 1100 trees and 3200 shrubs in an area that has seen historic unlawful horse grazing, vandalism and partial water logging during wet periods. It forms part of Veridion Park, set in 67 acres, which will bring 680,000 sq ft of new commercial space in a deprived area, creating jobs and attracting businesses. The work is being carried out by developer Tilfen Land, backed by Bexley Council and the Forestry Commission. Bernie Harverson, the arboriculturist advising Tilfen Land, said `The impoverished nature of this woodland, together with historic damage, has limited its longevity and diminished its overall value to wildlife generally. "By improving the woodland health and structure, biodiversity will be significantly increased and the habitat for bats, water voles and other wildlife species much improved". Felling of the dead and dying trees will be completed out of the bird-nesting season. New ditches and ponds will be put in to extend the existing dyke network, providing additional habitats for the endangered water vole. The phased replacement of the existing woodland over a 15 year period with more appropriate native species will complete its revitalisation and ensure its longevity as an area of borough importance for nature conservation. It follows the completion, in November 2009 of ecological work on land at Norman Road in Erith. It saw the excavation of a new section of ditch and the reprofiling of the existing Belvedere ditch to provide additional habitat suitable for local wildlife, together with the creation of a seasonal wetland and species-rich grassland. A barn owl box was also installed to provide additional nesting habitat for the barn owl pair that nest at the near-by Crossness Nature Reserve.Mon, 18 Jan 2010 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001080http://www.ableestates.com/newsdetails.aspx?ID=10001081A Minister met with community leaders and police chiefs to discuss the problems faced by people living in one of the capital’s most deprived towns. Barbara Follett MP, Parliamentary Under-Secretary of State for Communities and Local Government, came to Gallions Housing, Harrow Manor Way in Thamesmead on Tuesday. She met leaders of Bexley and Greenwich councils, housing association heads, bosses from developer Tilfen Land and commanders for the two boroughs. Erith and Thamesmead MP John Austin said `The purpose of the meeting was to familiarise the Minister with the problems, challenges and opportunities facing Thamesmead. It has unique problems because it is straddled by the boundary for two boroughs. `Greenwich receives more funding because it has more areas of deprivation, but some of the poorest parts of Thamesmead fall in Bexley borough which gets less funding. `The Tavy Bridge regeneration project has stalled because of the recession. `You can’t solve these problems with one meeting, but it was a positive discussion and I’m confident we can overcome many of the cross border issues, like funding`.Mon, 18 Jan 2010 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001081http://www.ableestates.com/newsdetails.aspx?ID=10001082Public say house prices will keep rising this year with only 13% of people thinking that the prices will fall. In comparison to January 2009 this figure stood at 69%!<BR><BR>Miles Shipside, Commercial Director of Rightmove said `Given the looming election and the talk of pending austerity packages ahead, this consumer survey highlights a surprisingly positive price outlook.`<BR><BR>He added, `The property market is in a virtuous circle scenario where consumers are seeing less property up for sale and property fresh to the market, selling more quickly!`<BR><BR>That rightly gives them the impression that we are over the worst of the recent price falls and that there is likely to be upward pressure on prices.`<BR>Thu, 28 Jan 2010 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001082http://www.ableestates.com/newsdetails.aspx?ID=10001083As I am sure you are all aware, there are two changes to stamp duty in the Yesterdays budget.<BR><BR> <BR><BR>Purchases of properties at over £1 million have been announced to have a 5% stamp duty rate. Please note that this does not come into force until April 2011. <BR> <BR><BR>More importantly, a two year stamp duty holiday commencing with properties completing from today BUT this benefit is only available to `first time buyers`. This, of course, begs the question – what is a first time buyer? This has been defined as a person who has not previously acquired a major interest in residential property. Also excluded are companies, trustees and partnerships. <BR> <BR><BR>This effectively means that you cannot use your children to buy the property and get the benefit and set up a trust so that you have a benefit in the property. Accordingly, a first time buyer does not mean someone who does not have a property to sell at that time but it must mean someone who has never owned a property or a share in a property before.<BR><BR> <BR><BR>Although we are waiting clarification, we assume from this that if a couple are buying a property and one of them has owned a property previously and one hasn’t, then the relief is not available. As yet there is no guidance as to what paperwork requirements the Revenue need before granting this exemption. We are making urgent enquiries with the Revenue about this and we will advise you further.<BR><BR>Overall this is good news for the Current Housing market and hopefully it will give the market a much needed Kick Start.<BR><BR>We will put any further news on our website.Thu, 25 Mar 2010 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001083http://www.ableestates.com/newsdetails.aspx?ID=10001084<BR>House prices rose again in March, by 1.1%, according to Halifax, following a 1.6% dip in February.<BR><BR>House prices are now 9.1% above last April, when they were at their lowest.<BR><BR>Nationwide also reported a rise in house prices last month, of 0.7%. Like Halifax, it had also reported a dip in February.<BR><BR>Halifax says the average house price now stands at £168,521, while Nationwide’s average price is £164,519.<BR><BR>Halifax housing economist Martin Ellis said: `There are signs that an increase in the number of properties available for sale is beginning to reduce the imbalance between supply and demand. This should help to contain the upward pressure on house prices.`<BR><BR>If you would like a free valuation or some free professional advice then please call either of the Able Offices.<BR><BR>We are here to help.Tue, 13 Apr 2010 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001084http://www.ableestates.com/newsdetails.aspx?ID=10001085<BR>Several letting specialists are reporting a resurgence of interest in buy to let in the South, with an increase in enquiries from landlords considering buying a property to let for the first time and those wanting to extend their portfolios.<BR><BR>Buy to let finance is still not easy to come by, but the situation has improved slightly in recent months, with more mortgage products and better deals coming onto the market. This, coupled with the extremely high demand for rental accommodation, has prompted many investors to take a fresh look at buy to let.`<BR><BR>Able Estates are confident that, done with the right advice and guidance, buying to let is an excellent long-term investment. Recent Government figures from the Communities and Local Government’s English Housing Report, published last month, confirm the increasing importance of the private rented sector (PRS) in the UK’s housing needs, with a growing proportion of households living in privately rented accommodation. <BR><BR>The figures show that the number of households renting privately has risen by one million since 2001, from 2.1 million to 3.1 million in 2008-09. The PRS now accounts for 14.2% of all households in England, up from 12.7% in 2007 and 10.1% in 2001.<BR><BR>This trend looks set to continue as renting grows in popularity. Our branches in Abbey wood & Thamesmead are seeing more people turning to renting, whether through necessity or choice, and renting for longer. Demand is outstripping supply, with good quality properties of all types and sizes being snapped up by waiting tenants.`<BR><BR>Despite the favourable outlook for buy to let, Able Estates advise all landlords – whether new to the market or experienced in letting property – to always seek advice from an independent letting specialist when looking to buy a property to rent out. <BR><BR>Market conditions vary from area to area and can change, so prospective landlords need to limit their risks by getting impartial, up-to-date advice from an expert. An independent specialist can help landlords make the best decision when choosing a property to let.` <BR><BR>Able Estates offer to accompany landlords when they view possible properties for purchase, to give their opinion on its potential as a buy to let investment. They also give objective advice on its rental value and what work might need doing to the property to attract the best possible rent. <BR><BR>Able Estates have a wealth of experience in Lettings & Management and are also members of ARLA - The association of Residential Lettings Agents - for all your enquiries please contact one of the Able Branches.Tue, 13 Apr 2010 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001085http://www.ableestates.com/newsdetails.aspx?ID=10001086The Lib Dems – whose leader Nick Clegg easily outshone Cameron and Brown in last night`s televised debate – have set the cat among the pigeons by including a promise to ditch HIPs in their election manifesto.<BR><BR>The surprise inclusion means that in the event of a hung parliament where the Lib Dems hold the balance of power, HIPs are reasonably likely to be abolished.<BR><BR>Were there a Lib Dem coalition with the Conservatives, HIPs would certainly go, as the Tories have also made ditching HIPs a manifesto commitment. The two parties now look to be the proverbial dream ticket.<BR><BR>Interestingly, the Lib Dem manifesto promises on planning are almost identical to the Conservatives’.<BR><BR>If there were a Lib Dem coalition with Labour, then the removal of HIPs could be one of several measures Labour would have to sacrifice to secure the Lib Dems’ co-operation.<BR><BR>The Lib Dems have already made it plain how serious they are about any deals they might do, letting it be widely known that if there were a pact with Labour, they would not want Gordon Brown as prime minister.<BR><BR>However, the manifesto promise to get rid of HIPs was unexpected. Although the party has often condemned the measure, it was in fact the Lib Dems themselves – in the Lords – who allowed HIPs to get on to the statute book by dropping their opposition at the very last minute. Had they stuck to their guns and continued their united stance with the Tories, HIPs would not have passed on to the statute books.<BR><BR>Also in the Lib Dem manifesto is the so-called Mansion Tax, at 1% on properties over £2m. There are also various ‘green’ measures involving insulation and incentives to replace out of date boilers and install double glazing.<BR><BR>The party also wants to encourage farmers to convert existing buildings into affordable housing. <BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR> <BR><BR><BR> <BR><BR> <BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR>Fri, 16 Apr 2010 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001086http://www.ableestates.com/newsdetails.aspx?ID=10001087Homeowners selling their properties will no longer be required to produce a home information pack (Hip), after the government announced they will be scrapped.<BR><BR>Hips, which were launched in 2007 and have since become mandatory for anyone selling a home, have been dogged by criticism. Estate agents have long complained they add red tape to the selling process, while sellers have grumbled about the £200-£400 price tag attached to the packs.<BR><BR>Today communities secretary, Eric Pickles, laid an order before parliament suspending Hips, pending primary legislation for a permanent abolition.<BR><BR>"The expensive and unnecessary home information pack has increased the cost and hassle of selling homes and is stifling a fragile housing market," he said. "That is why I am taking emergency action to suspend the Hip, bringing down the cost of selling a home and removing unnecessary regulation from the home buying process.<BR><BR>"This action will encourage sellers back into the market, and help the market as a whole and the economy recover."<BR><BR>Sellers will still be required to get an energy performance certificate (EPC), showing how energy efficient a property is, within 28 days of putting their home on the market, as this is a requirement under EU law. The cost of these is typically around £60.<BR><BR>The National Association of Estate Agents welcomed the news, saying that Hips had "failed to benefit homebuyers and actively discouraged sellers."<BR><BR>However, the announcement will mean that thousands of people who trained as home inspectors and rely on the packs for their income could lose their jobs. There are between 3,000 and 10,000 people whose livelihoods depend on Hips, according to the Association of Home Information Pack Providers.<BR><BR>Graham Brick, who works as a consultant for provider YourHIP.net and part time at Stansted airport, said his income would instantly drop on the back of today`s news.<BR><BR>"There are thousands of people out there who are now going to have to live off their savings, quickly find another job or go on the dole," he said. "We have already had calls from people today cancelling their Hips."<BR><BR>He added that Hip providers were hoping the government would allow them to continue to provide EPCs, but he understands this side of the business could be given to the country`s utility companies.<BR><BR>Jayde Cruickshank, an employee of Property Information Exchange, a company that provides Hip elements to home inspectors, said he was "angry and upset" by today`s news.<BR><BR>"We are going to have to completely change our business model overnight," he said. "Not only do we provide the components within the Hips but we have invested thousands of pounds in developing Hip software. All of that is now down the drain."<BR><BR>He addded that while he was confident the business would survive in another guise, the company was going to have to make at least five people redundant. He added: "I just don`t understand the rationale for this decision.<BR><BR>"I`ve worked in the housing market for a long time and Hips got rid of those sellers who were just putting their houses up for sale to test the market and left us instead with the serious sellers. It has also shortened the time taken to sell a property."<BR><BR>The homebuying process will become more expensive as a result of the abolition of the packs, with buyers having to pay for the searches contained within the Hip from today<BR><BR>For more information about the scrapping of HIPS or EPC` s please contact either of the Able offices for some free, professional advice.Thu, 20 May 2010 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001087http://www.ableestates.com/newsdetails.aspx?ID=10001088The £22 fee homebuyers must pay to find out about issues or restrictions that may affect a property is being abolished, the government has announced.<BR><BR>Until now, legislation stated that a £22 fixed fee should be charged for this information when an individual inspects the records in person. But the law is now being changed to stop people being charged in order to ensure compliance with European regulations relating to "environmental information". These state that checking this type of information in person should be free of charge. <BR>A spokeswoman for the department said that while the law had not yet been amended, its advice to local authorities was that "this should be free from now". <BR><BR>She said there were 736,000 property transactions in England last year, and if this charge had not been in place homebuyers could have saved as much as £16.2m.<BR><BR><BR><BR>Thu, 05 Aug 2010 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001088http://www.ableestates.com/newsdetails.aspx?ID=10001089Bus & Tube fares are set to rise above inflation after the Mayor of London secured the future of the Crossrail project despite it being a year later than scheduled.<BR><BR>Tickets on the capital`s buses & tubes will rise by 2% above inflation in January, with similar increases expected until 2015.<BR><BR>As a result, bus users travelling with an Oyster pre - pay card will see single fares rise by 10 pence to £1.30. On the tube, the cost of a weekly travelcard for Central London will rise by £1.80 to £27.60.<BR><BR>This comes after Mayor of London Boris Johnson secured funding for the £15.9 billion Crossrail project, which will link Heathrow to Canary Wharf, with stations at Abbey Wood & Woolwich.<BR><BR>But the 72 - mile fast link route is due to be completed later than expected in 2018, saving approximately £1 billion in construction costs.Sat, 30 Oct 2010 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001089http://www.ableestates.com/newsdetails.aspx?ID=10001090Homes that sold at auction in December were 26.4% cheaper than property sold through estate agents.<BR><BR>According to a new report from Fathom Consulting, the discount is the largest since the bottom of the housing market in late 2008 and early 2009.<BR><BR>The gap between auction and estate agency prices had been around 20% since the middle of last year.<BR><BR>Fathom Consulting says that the discount is significant because it claims that auction prices predict what will happen in the wider market.<BR><BR>The index, produced in association with property portal Zoopla, was based on 389 properties sold at auction in December.<BR><BR>So the message is very clear, to achieve the best possible price for you property always use an Estate Agent and not an Auctioneer !! <BR><BR>ABLE ESTATES.<BR><BR>Mon, 17 Jan 2011 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001090http://www.ableestates.com/newsdetails.aspx?ID=10001091Private rental properties are being let within 15 days on average – five days quicker than a year ago, reports Countrywide, the UK’s largest letting agency chain.<BR><BR>It says there are an average of 4.4 tenants vying for each property across the UK, with the South-West generating the greatest demand with an average of 5.9 tenants.<BR><BR>In the last quarter of 2010, Countrywide said the number of new tenants registering for rental accommodation increased by 14% compared to the same period in 2009.<BR><BR>Overall, the total number of new tenants registering for rental accommodation exceeded 200,000 last year – a record high with new tenant registrations increasing by 37%, which peaked between July and September 2010.<BR><BR>Agents throughout the UK reported a significant lack of property supply, with the average number of properties available to let per branch falling by 29%.<BR><BR>Tue, 15 Feb 2011 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001091http://www.ableestates.com/newsdetails.aspx?ID=10001092<BR>People have a positive outlook on house prices over the medium and long term, but are not so upbeat for the next 12 months.That is the finding of the latest London School of Economics survey of House Price Expectations.<BR><BR>The survey, which gauged people’s feelings on the UK housing market over the next 12 months, five years and ten years, was sent to current and prospective customers, most of whom are interested in property within London.<BR><BR>Respondents were asked to think about a hypothetical house in London worth £200,000 and to give their view on whether values will go up or down over 12 months, five years and ten years, ignoring inflation.<BR><BR>Some 43% of respondents were ‘certain’ house prices will rise over the next ten years, 26% were ‘certain’ they will go up over the next five years, but only 8% were ‘certain’ they will rise over the next 12 months.<BR><BR>People currently renting had a more pessimistic view on house price increases than owner occupiers. Renters see house prices decreasing by 1% over the next 12 months while home owners perceive a rise of 3%. Tenants think prices will rise by 11% in five years, against 18% from owner occupiers. In ten years’ time, tenants believe prices will have gone up by 26%, while owner occupiers think values will have gone up by 37%<BR><BR>For all your property matters please call one of the Able offices who will be happy to help..Fri, 11 Mar 2011 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001092http://www.ableestates.com/newsdetails.aspx?ID=10001093Able Estates first opened its doors in February 1997 and the main 3 directors, Dawn Servis, Peter Jones & Paul Servis, remain very much hands on within the business, you will find them based in one or other of our branches - Abbeywood & North Heath. In the 14 years Able`s have been trading much has changed, not just the market place but also the technology that Estate Agents now use. Able Estates pride themselves on using all the modern approaches applicable to today’s market but at the same time maintaining traditional values namely, putting the client first.<BR><BR>The message is clear, if you are thinking of Selling or Letting your property or you want to Buy or Rent then call the Independent Agent you can trust - Able Estates.<BR><BR><BR>Contact any of the 3 directors and they will be happy to help as always.<BR><BR> <BR><BR>Fri, 11 Mar 2011 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001093http://www.ableestates.com/newsdetails.aspx?ID=10001094Boy George brought his mum along to officially open a Music workshop for visually impaired people in Abbey Wood. The room above te Abbey Arms pib in Wilton Road was jammed packed on Monday 13th April for his arrival to the centre. On the workshops - Boy George said : ` It is great, it is hard enough to learn an instrument when you arent visually impaired so this is fantastic.Fri, 15 Apr 2011 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001094http://www.ableestates.com/newsdetails.aspx?ID=10001095<BR>More Britons expect house prices to rise rather than fall over the next 12 months, according to the Halifax Housing Market Confidence tracker.<BR><BR>Although house prices fell by 1.2% on a quarterly basis in April, one in three of survey respondents actually predicted that average UK house prices will rise this year, while 23% expect a fall in prices.<BR><BR>This means, on balance, more people in Britain think house prices will rise than fall, revealing a positive House Price Outlook Score of +9 percentage points.<BR><BR>The majority of Britons think that any house price movement over the next year will be relatively small with more than a half (57%) expecting any change to be between +5% and -5%.<BR><BR>A further 26% think that house prices will remain the same. Nonetheless, almost a quarter (24%) believe there will be more significant change in house prices with increases and decreases predicted of 5% or more.<BR><BR>Half of Britons (50%) think that it would be a good time to buy over the next three months - more than three times the proportion that felt that it would be a good time to sell (14%). Just 15% were positive about both buying and selling in the next 12 months, suggesting that the level of housing market activity may remain subdued.<BR><BR>The survey highlights concerns among consumers over the uncertain outlook for the UK economy. Just over a quarter (26%) expect their personal financial circumstances to worsen over the next few months with a further 54% anticipating no improvement.<BR><BR>Consistent with such concerns, 52% identified worries about job security as one of the main hurdles to buying a property: more than any of the other potential headwinds facing home buyers. Respondents also picked out household finances (31%) and concerns about rising interest rates (22%) as major barriers to buying a property.<BR><BR>The tightening in lending criteria since 2007 has put off many from attempting to enter the market. Half of those questioned (50%) thought that being able to raise a deposit was a major barrier to home buying. Additionally, over a quarter of all respondents (27%) thought that the general availability of mortgages was one of the main obstacles to buying a property.<BR><BR>Suren Thiru, housing economist at Halifax, said: "More Britons expect house prices to rise rather than fall over the next year. This is likely to partly reflect the relatively low burden of servicing mortgage debt.<BR><BR>"However, confidence in the UK housing market is likely to remain subdued over the coming months, given consumers` concerns over the outlook for the UK economy in general, and the jobs market in particular."<BR><BR>Tue, 14 Jun 2011 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001095http://www.ableestates.com/newsdetails.aspx?ID=10001096Banks have come under fire for charging FirstBuy applicants hefty premiums.<BR><BR>The scheme, launched at the beginning of the month, aims to provide 10,000 loans to first-time buyers helped by equity being pumped in by developers and the Government.<BR><BR>First Buy borrowers then take out a mortgage on 75% of the value of the property.<BR><BR>However, Halifax is charging FirstBuy borrowers 4.49% for a two-year fixed rate deal, compared with 3.59% for those outside the scheme.<BR><BR>It means that FirstBuy borrowers with a £150,000 loan would be paying £890 more a year than non-FirstBuy borrowers.<BR><BR>Halifax charges no arrangement fee, but Barclays charges £299, and Barclays also charges FirstBuy borrowers more – 4.59%, compared with 3.58% for standard borrowers.<BR><BR>If you require some free mortgage advice then please call / e mail either of our branches and we will get our mortgae consultant to contact you.<BR>By contrast, Nationwide Building Society charges a £400 fee but does not charge FirstBuy borrowers extra, allowing them to take any deal in its core range that is available to those with a 75% deposit.<BR><BR>A FirstBuy borrower with Nationwide would pay 3.24% for a two-year fix, compared with Halifax’s 4.49% for the same deal and Barclays’ 4.59% for a three-year fix.<BR><BR>Melanie Bien, of Private Finance, said: `It seems unfair to charge FirstBuy borrowers more, when the whole point of the scheme is to give them access to more competitive mortgages.`<BR><BR>A total of 14 lenders are currently signed up to the FirstBuy scheme.<BR><BR>Mon, 25 Jul 2011 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001096http://www.ableestates.com/newsdetails.aspx?ID=10001097You can now follow Able Estates on Twitter - for details of all new properties, News & updates on the Property market go to www.twitter.com/ableestates<BR><BR>Happy Tweeting.Thu, 15 Sep 2011 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001097http://www.ableestates.com/newsdetails.aspx?ID=10001098The National Landlords Association (NLA) has reported a continued increase in the popularity of buy to let mortgage products. <BR><BR>A survey found that the number of schemes provided during the second quarter of 2011 grew by 25% when compared to the first three months of the year.<BR><BR>Average loan sizes also increased by £2166 to £138,525.80, representing a growth of 6.4% since January. <BR><BR>This growth is mainly due to the greater number of lenders offering higher loan-to-value (LTV) mortgages and the availability of finance for Houses of Multiple Occupation (HMOs), which tend to be higher value properties.<BR><BR>Over 50% of buy-to-let offers processed by NLA Mortgages were for loans over 70% LTV – resulting in an average LTV of 67%.<BR><BR>Low interest rates and future predictions were reflected by the increased popularity of variable mortgage products, comprising 59% of all mortgage applications.<BR><BR>`Wider choice and better products for landlords mean that the overall buy-to-let market is improving. Although demand for finance still outstrips supply, the level of buy-to-let lending is gradually increasing giving property investors a reason to be optimistic.`<BR><BR>If you are considering buying a property to rent out and would like some free, professional advice then please contact Paul Servis on 020 8306 2020 and we will arrange for a financial consulatant to contact you.<BR><BR>Tue, 27 Sep 2011 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001098http://www.ableestates.com/newsdetails.aspx?ID=10001099The number of mortgages lent for house purchase rose 7% in August from the month before, to reach 52,000.<BR><BR>The figure was up 2% on August the year before, the Council of Mortgage Lenders said.<BR><BR>The number of loans to first-time buyers rose 5% both from July and August last year, with 19,000 loans taken out by first-time buyers. Home movers took out 33,000 loans in August. Lending to both first-time buyers and home movers was at its highest for over a year.<BR><BR>Meanwhile, remortgaging activity rose sharply by 9%, with 34,100 remortgage loans advanced.<BR><BR>Lending criteria for both groups in August showed little change from the previous months. First-time buyers continued to put down on average 20% of their property’s value as a deposit and borrowed 3.20 times their income, slightly up from 3.17 times in July.<BR><BR>Typical deposits for home movers stayed at 31% for a second month but in August home movers on average paid 9.4% of their income on mortgage interest payments – the lowest since monthly records began in 2002.<BR><BR>Paul Smee, director general of the CML, said: `Even though it is impossible to ignore the knocks to confidence emanating from the Euro zone, August lending showed welcome signs of life.<BR><BR>`With those moving house experiencing a record low in the proportion of their income needed to pay their mortgage interest, it is clear that the low-rate environment is a benefit to those with mortgages, even against the backdrop of the gloom in the wider economy.`<BR><BR>Wed, 12 Oct 2011 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001099http://www.ableestates.com/newsdetails.aspx?ID=10001100With the onset of autumn and the darker nights just around the corner, don’t be tempted to go into hibernation when it comes to house hunting – or indeed selling your home.<BR><BR>With children firmly settled into a new school year and the focus for many on a new start for 2012 - now is the perfect time to be looking for a new home.<BR><BR>`Autumn is a great time to get out there and see what is available before everyone gets bogged down with thinking about Christmas,` <BR><BR> `Our message to buyers and sellers is ‘don’t hold back’ – if moving is on your mind then take steps to make it happen!`<BR><BR>Via its 2 Branches Able Estates assists numerous customers through the selling and buying journey, with instant access to up-to-the-minute mortgage deals and lender information helping to make it as smooth as possible.<BR><BR>Here are some tips that may help:<BR> <BR>- Sell your property through a reputable agent, preferably one who is, like Able Estates, a member of the Property Ombudsman scheme and the National Association of Estate Agents.<BR><BR>- Decide on a definite location – how far are you willing to commute, what are the local schools like, is there a GP surgery on your doorstep, is there a bus service into town? Train Station close by ?<BR><BR>- Always take a list of questions with you to ask at a viewing.<BR><BR>- Do your homework - take a drive around the area as well as checking out the local amenities.<BR><BR>- If you know it is right – move fast and put in an offer.<BR> <BR>- Above all, liaise closely with your estate agent.<BR><BR>For some free professional advice call either of the Able Estates offices or visit our website www.ableestates.com<BR><BR>Alternatively if you are a tweeter you can follow us @ableestates.comWed, 12 Oct 2011 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001100http://www.ableestates.com/newsdetails.aspx?ID=10001101Funding has been secured for the third phase of regeneration in Southmere Village, Thamesmead. <BR><BR>The Homes and Communities Agency has agreed to give Gallions Housing Association the money it needs to build around 290 homes, shops & a library by 2015.<BR><BR>Chief Executive of Gallions Tony Cotter said : ` This is a major step forward and will allow us to push ahead with plans to change the Thamesmead landscape by creating much - needed quality, affordable housing in the area.<BR><BR>Mr Cotter said Gallions will work with architects PRP & builders Kier to ` sketch out how phase 3 will look ` & obtain planning permission.<BR><BR>Affected businesses & residents will be written to, Gallions said, about what they can expect & when they will be involved.<BR><BR>The housing associationsaid it will run consultation & information sessions at the 1 Stop Shop @ Tavy Bridge in the coming months.Thu, 27 Oct 2011 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001101http://www.ableestates.com/newsdetails.aspx?ID=10001102<BR><BR>For the first time on record, asking price rents have risen in all regions of England and Wales.<BR><BR>In September, the average rent in England and Wales rose by 0.7% to £718 per month, surpassing the previous record high of £713 in August.<BR><BR>With annual rental inflation at 4.3%, the average rent is £29 pcm higher than September 2010. The average yield in September rose from 5.2% to 5.3%.<BR><BR>On a monthly basis, rents rose in all regions of England and Wales for the first time on record. As a result, rents hit record highs in six regions – London, the South-East, Yorkshire and the Humber, the East of England, Wales and the East Midlands.<BR><BR>Rents increased the fastest in the South-East and the East Midlands, where they rose by 1.8% and 1.1% respectively compared to August, while the smallest increases were in the West Midlands and the North-East, where rents rose by 0.2% and 0.3%.<BR><BR>However, over the course of the last year, London’s rents have risen at a faster rate than any other region, increasing by 5.8%. The next biggest annual increases were in the South-West and the West Midlands, where rents rose 5.4% and 5.1% respectively.<BR><BR>`In areas of the highest demand, such as the capital, competition is driving up rents at a faster rate than elsewhere – but no region has been immune to the growing demand for rental homes from frustrated buyers.<BR><BR>`In many cases, buying a home is now cheaper on a monthly basis – provided renters can get past the stumbling block of the substantial deposit requirements. For the majority, saving a £25,000 deposit is a herculean task.<BR><BR>`As things stand, we won’t see competition among prospective tenants diminish without a substantial expansion in the supply of rental properties available on the market.`<BR><BR>But while rents are on the rise, total annual returns on a rental property dropped back in September after property prices fell annually.<BR><BR>The average total annual return in September was 1.8%, the equivalent of £3,005 – calculated by £7,661 in rent, with a capital loss of £4,666.<BR><BR>The survey also finds that tenant arrears improved markedly, following August’s seasonal increase, dropping to their lowest level since April 2010. Just 8.6% of all UK rent was unpaid or late by the end of September – down from the 10.7% of rent unpaid or late in August. <BR><BR>Unpaid rent totalled £243m across the UK in September, down from the £300m unpaid in the previous month.<BR><BR>Whether you are looking to Let out your property or Rent a property then please contact me on020 8306 2020 / paul.servis@ableestates.com.<BR><BR>Regards<BR><BR>Paul Servis.Thu, 27 Oct 2011 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001102http://www.ableestates.com/newsdetails.aspx?ID=10001103<BR><BR>Over three-quarters of private landlords who currently accept housing benefit tenants are set to be forced out of the market, unable to afford to continue letting to those on lower rates of Local Housing Allowance.<BR><BR>A new survey of 528 landlords in October by the National Landlords Association has found that Government caps being rolled out on housing benefit payments will have a serious effect on tenants reliant on LHA.<BR><BR>The first cuts, affecting new tenants, came in last April, and the second round, affecting existing tenants on LHA, are due to be implemented in the New Year.<BR> <BR>The survey found that 77% of landlords who have LHA tenants are either considering or already taking steps to reduce their involvement in the LHA market.<BR> <BR>A quarter of respondents say they are already reducing the number of tenants they have on housing benefit payments, while half plan to do so in the future.<BR> <BR>NLA research has found that the LHA cuts will have a varied impact on families across the country, with some losing very little but others losing hundreds of pounds.<BR> <BR>Government figures show that nearly 1.3 million households currently claim LHA across the UK.<BR> <BR>Some examples of how the caps will reduce LHA payments, based on rates from March 2011 before the cuts began in April, are:<BR> <BR> • A one-bedroom flat in Willesden, north-west London: before the cap, the rate was £275 per week, now it is £250 per week – a £25 cut per week.<BR> <BR> • A five-bedroom house in Guildford, Surrey: before the cap, a family would have received £691.15 per week, now it is capped at the four-bedroom rate of £400 per week – a £291.15 cut.<BR> <BR>David Salusbury, NLA chairman, said: `The shortage of housing across the UK is putting even greater pressure on the private rented sector. Capping housing benefit payments at this time will only lead to more people struggling to pay their rent.<BR><BR>`The Government must monitor the impact of the roll-out of LHA caps. It is essential that tenants are not left at risk and that landlords can continue to provide this accommodation for the more vulnerable in society.<BR><BR>`The number of people claiming benefits continues to rise, and these caps could result in fewer affordable rental properties for benefit claimants.`<BR><BR>Tue, 08 Nov 2011 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001103http://www.ableestates.com/newsdetails.aspx?ID=10001104Over 40% of all UK properties currently on the market have experienced at least one price reduction, with the average chop over £19,500 – or 7.4% of the original asking price.<BR><BR>The amount of the discount is £3,500 more than this time last year.<BR><BR>Glasgow tops the list of places where the biggest discounts are on offer, followed by Newcastle and Bolton.<BR><BR>In Sunderland, there is the highest proportion of properties on the market that have been discounted at least once, with more than half (53.6%) of sellers having to reset their expectations downwards at least once. <BR><BR>Even in London, nearly a third (32.6%) of properties for sale in the capital have had to be reduced in price.<BR><BR>Nicholas Leeming of Zoopla said: `With the latest economic forecasts for 2012 looking decidedly gloomy, sellers may have to reduce their expectations further if they are serious about making a move.`<BR><BR>Wed, 23 Nov 2011 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001104http://www.ableestates.com/newsdetails.aspx?ID=10001105UK house prices in the three months to November were 0.6% lower than in the preceding three months, according to the latest data from Halifax.<BR><BR>This measure of the underlying trend was negative for the second successive month following three consecutive increases.<BR><BR>On a monthly basis, house prices fell by 0.9% in November. This continued the very mixed picture shown by the more volatile monthly figures. There has been an even split of monthly price rises and falls this year with five of each and one month of no change.<BR><BR>The average UK house price in November was marginally lower than at the end of last year. The average price in November was 0.7% lower than in December 2010 on a seasonally adjusted basis, at £161,731.<BR><BR>Annually, prices in November were 1.0% lower as measured by the average for the three months to November against the same period a year earlier. This continues the improvement experienced since May when prices were 4.2% lower and is the smallest annual fall since November 2010 (-0.7%).<BR><BR>Martin Ellis, housing economist, said: "Overall, house prices have remained remarkably stable in 2011 despite the difficult and deteriorating economic climate and the substantial pressure on households` finances.<BR><BR>"The UK average price now is only marginally lower than at the end of 2010. In addition, activity has recently shown a few signs of strengthening a little.<BR><BR>"We expect the market to remain broadly unchanged in terms of both prices and sales over the coming few months as demand and supply conditions alter little."<BR><BR>To find out wwhat your property is worth please contact either of our offices to arrange a FREE valuation.Wed, 07 Dec 2011 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001105http://www.ableestates.com/newsdetails.aspx?ID=10001106The National Association of Estate Agents has revealed its predictions for the UK property market over the next 12 months.<BR><BR>Chief executive Peter Bolton King said 2012 would see a "gradual" recovery for the UK property market, as it continues to bounce along the bottom - with no "great upturn" to mark a change from the previous 12 months.<BR><BR>Bolton King said: "I don`t believe that we will see a significant fall in house prices over the next 12 months as some have feared. But equally, it is unlikely we will see any great upturn to help the market back to full capacity. It is likely that property transactions will remain at a similar level to that in 2011."<BR><BR>However, a lack of available finance would remain the biggest barrier to would-be home buyers in 2012 Bolton King warned, with first-time buyers in particular struggling to access mortgage finance from many major lenders. <BR><BR>"Next year will see a continued lending barrier facing those entering the housing market for the first time, with major lenders sticking to tight mortgage policies," he said.<BR><BR>"Clearly, when the Stamp Duty holiday disappears in the second quarter of 2012 it will become even more difficult for first-time buyers to access the market."<BR><BR>Commenting on regional variations, he said: "What we will see in 2012 is a continued increase in `micro-markets` across the country. Demand for property in some areas fuels a healthy market while other, less desirable areas, are in danger of being left behind. Even within the same town we see some types of property proving more popular than others.<BR><BR>"Pressure for housing will increase in London and the South East throughout 2012. The top end of this market will also remain very resilient, and we believe that purchases from overseas investors will continue apace."<BR><BR>Overall Bolton King believes that house prices, on average, will see little change. "Confidence in 2012 will be a key factor and this, to some extent, will be driven by the media."<BR><BR>If you are thinking of Selling or Letting your property in 2012, call us at Able Estates for some free professional advice - we are here to help.Wed, 11 Jan 2012 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001106http://www.ableestates.com/newsdetails.aspx?ID=10001107<BR><BR>Mortgage valuation activity in the final quarter of 2011 outstripped business a year ago, according to Connells Survey and Valuation.<BR> <BR>The firm says that the increase was driven by first-time buyers hoping to beat the end of the stamp duty holiday in March.<BR><BR>Although the total number of valuations the firm conducted during December declined by 14% on a monthly basis, this was a much smaller fall than the average drop of 20% between November and December that has occurred since 2007.<BR> <BR>During Q4 2011, valuation activity grew by 3% compared to the previous quarter – an increase of 71% compared to Q4 2010. In fact, throughout the whole of 2011, Connells report 43% more valuations than in the previous year.<BR> <BR>John Bagshaw, corporate services director of Connells Survey and Valuation, said: `The seasonal Christmas slowdown may have set in during December, but the monthly dip was much smaller than in recent years.<BR><BR>`Better than expected lending figures as banks and building societies hurried to meet full-year targets helped drive the annual increase in valuation activity in the run-up to the new year – a welcome contrast to the situation the previous December, which saw a dismally low level of lending.`<BR> <BR>In Q4 2011 there were 9% more valuations for first-time buyers than in the previous quarter – an annual increase of 56%. Similarly, valuation activity for home movers grew by 6% on a quarterly basis, a 61% increase compared to the final quarter of 2010. <BR> <BR>Bagshaw said: `We are starting to see first-time buyers with finance act with a greater degree of urgency to move before the end of the stamp duty holiday in March. This should filter up property chains, helping bolster spring activity.`<BR> <BR>In 2011 as a whole, Connells Survey and Valuation also reported conducting twice as many valuations for remortgagers than in 2010.<BR> <BR>Buy-to-let activity also increased annually in Q4 2011, rising by 83% compared to Q4 2010, despite a quarterly fall of 11%.<BR> <BR>Bagshaw said: `Growing remortgaging and buy-to-let activity were key to the resilience of the mortgage market last year, and this is likely to be the case as 2012 progresses.<BR><BR>`Although the eurozone crisis may impede lenders from drastically growing their loan books, tenant demand and rents will remain strong, enticing new investors to the sector.`<BR><BR>While Connells reports on its valuation activity, the firm does not indicate how many valuations resulted in mortgage agreements.<BR><BR>For more advice on this matter please contact either of the Able offices.Tue, 17 Jan 2012 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001107http://www.ableestates.com/newsdetails.aspx?ID=10001108<BR>Around one in three British people think house prices will rise rather than fall in 2012, according to the latest Halifax Housing Market Confidence tracker. <BR><BR>Some 29% of Britons forecast that house prices across the UK will increase over the next 12 months, while more than the 22% that predict a price decline over the same period.<BR><BR>As a consequence, the headline House Price Outlook balance has moved into positive territory with an overall balance score of +7 percentage points (29% minus 22%). This represents a marked improvement compared with the negative reading of -2 (28% expecting a rise minus 30% expecting a fall) recorded in October`s survey.<BR><BR>However, the outlook for the housing market remains subdued. The majority think that any house price movement over the next 12 months will be relatively small with around two-thirds (65%) expecting any movement to be between +5% and -5%.<BR><BR>Eight of the 11 UK regions tracked recorded a positive headline House Price Outlook balance (i.e. indicating that more people expect house prices to rise rather than fall). This contrasts sharply with October`s tracker when just three regions had a positive headline balance.<BR><BR>Londoners have the most optimistic outlook for the housing market with an overall net balance of +21, followed by the East Midlands (+18) and Yorkshire and Humber (+14). At the other end of the spectrum, the North East has the most negative outlook for house prices (-3).<BR><BR>More than half of those questioned identified difficulties in raising a deposit (57%) and concerns about job security (55%) as the main obstacles to buying a property. Respondents also picked out household finances (33%) and the general availability of mortgages (30%) as major barriers to buying a property.<BR><BR>Half (50%) of those questioned think that it is currently a good time to buy, five times the proportion thinking that it is a good time to sell (10%). Perceptions of the UK housing market as a better one for buyers than sellers partly reflects the dramatic improvement in home affordability over recent years. Recent research by Halifax revealed that mortgage payments for a new borrower in the second half of 2011 were at their lowest as a proportion of disposable earnings for 14 years.<BR><BR>Martin Ellis, housing economist at Halifax, said: "The modest improvement in consumer confidence in the outlook for house prices reflects the resilience of the UK housing market over recent months in the face of a weak economic recovery and the deterioration in the outlook for both the UK and global economies.<BR><BR>"Looking forward, we currently expect broad stability in house prices in 2012, although there remains much ambiguity around this given the considerable uncertainty regarding the prospects for the UK economy."<BR><BR>Tue, 07 Feb 2012 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001108http://www.ableestates.com/newsdetails.aspx?ID=10001109<BR>Over a third (36.7%) of UK properties currently for sale have been reduced in price at least once since first coming on to the market.<BR><BR>The average discount off the original asking price being offered by sellers across the UK on these homes now stands at £19,580 (7.5%) according to property search website Zoopla.<BR> <BR>The average discount on price-reduced properties on offer today is over £1,000 more than this time last year when it stood at £18,475 (7%).<BR><BR>Home owners have slashed huge sums from their original asking prices in an attempt to attract buyers. The total amount reduced from the asking prices of all properties currently for sale across the country stands at £2.5bn, Zoopla estimates.<BR><BR>In some areas, almost half of all properties on the market have had their prices chopped. For example, in Stockport, 48.74% have had price reductions averaging £17,384.<BR><BR>In Scunthorpe, 43.19% of homes have had their prices cut by an average of 9.12%, lopping £13,207 off the asking price.<BR><BR>Sellers in Blackpool are also making big concessions, knocking 9% off their original asking prices on average, whilst Maidstone rounds out the top-three areas with the highest average reductions at 8.5% (£19,668).<BR><BR>Even in London, 30% of homes for sale have had price cuts of 6.42%.<BR> <BR>Stockport has the highest proportion of discounted properties for sale with nearly half (49%) of sellers having cut their asking prices at least once. Other areas where a big proportion of sellers have felt the need to drop prices include Chesterfield (45%) and Rotherham (44%).<BR> <BR>Zoopla director Nicholas Leeming said: `The current average discount of £19,580 is a new high, indicating that sellers have come to terms with the market realities.`<BR><BR>Wed, 08 Feb 2012 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001109http://www.ableestates.com/newsdetails.aspx?ID=10001110<BR><BR>Cashflow has become king and mortgages a less dominant feature of the housing market, with most sales now financed by equity.<BR><BR>A new report from Savills says that the shift away from mortgages to equity has been a key change in the market.<BR><BR>It says that in 2001, mortgage debt funded 62% of all housing transactions. By 2006, it had fallen to 55% and last year it stood at 46%.<BR><BR>The report says that constraints on mortgage debt have been the main catalyst – citing bigger mortgages and more rigorous vetting of mortgage applications.<BR><BR>It estimates that in the year to the end of September 2011, based on Land Registry figures, £150bn was spent on house purchase. That was 47% less than the £284bn spent at the peak of the market.<BR><BR>Lucian Cook, of Savills research, said: `Equity has replaced debt as the dominant source of funding of house purchase. It favours high-value markets, particularly those in the South of England.`<BR><BR>The new research also says that equity will reign for some time to come, because of new proposed reforms.<BR><BR>The Financial Services Authority wants mortgages only to be lent where they can be repaid without borrowers having to rely on house prices going up. The FSA also wants lenders to account for future interest rises and, whilst not banning interest-only mortgages, wants these to be assessed on the basis of repayment.<BR><BR>The report says that the biggest consequence of the shift from debt to equity has been the growth of the private rented sector. It estimates that the value of private rented housing stock in the UK has risen by 42% in the last five years to just over £900bn.<BR><BR>It says further growth is inevitable, with ‘many potential large-scale landlords and housing providers’ still waiting in the wings. Savills expects the private rented sector to expand to 20%-23% of housing stock in England by the end of 2016.<BR><BR>The report also warns that the UK property industry needs to adjust to the new reality. It says: `The valuation of residential property is still predicated on the old mortgage-funded, owner-occupied world.`<BR><BR>However, the report adds, if UK housing is `to attract new forms of funding, as it must in the new age of debt drought, we have to understand equity and the cash it can generate`.<BR><BR>Mon, 13 Feb 2012 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001110http://www.ableestates.com/newsdetails.aspx?ID=10001111New research from Halifax shows that the value of the UK`s private housing stock rose by £1.8 trillion (84%) in the decade to 2011.<BR><BR>The value of the housing stock at the end of 2011 is estimated at £3.9 trillion, up from £2.1 trillion in 2001 The increase of £1.8 trillion over the decade is equivalent to £68,500 per household - in the owner-occupied and private rented sectors - in the UK.<BR><BR>The value of the UK private residential housing stock has grown at more than twice the rate of increase in overall consumer prices, with the retail price index up by 38% over the past ten years. The picture changes when looking at the value of housing stock since 2007, however. Over the past five years the value of the UK`s housing stock has declined by 5%, or £187 billion. This reflects the reduction in house prices since autumn 2007: a decline that is nonetheless more than compensated for by the significant increases in the half decade prior to 2007.<BR><BR>Housing equity rises by nearly £1.2 trillion over past decade Whilst the value of housing stock has soared during the past decade, so has the total value of outstanding mortgage balances, which have more than doubled (111%). The £1.8 trillion increase in the value of housing assets, however, outstripped the £655 billion rise in mortgage debt between 2001 and 2011. As a result, housing equity - the value of housing assets less the total value of outstanding mortgage balances - has increased by £1.1 trillion from £1.5 trillion in 2001 to £2.6 trillion in 2011.<BR><BR>Overall, the value of housing assets in the North1 has risen by more than in the South since 2001, increasing by 90% and 79% respectively over the decade. As a result, the South`s share of total UK private housing sector assets has fallen from 60% in 2001 to 58% in 2011.<BR><BR>However, the South`s share of the UK`s housing assets has increased in the past five years from 55% in 2006 to 58% in 2011.<BR>All 12 regions of the UK have seen a significant increase in the value of their private housing stock during the last ten<BR><BR>years. The biggest increase was in Scotland where there was a 131% increase (from £113.5bn in 2001 to £262.6bn in 2011), followed by the North with a rise of 102% (from £50.5bn to £101.8bn). In Yorkshire and the Humber housing value has almost doubled to £236bn from £119bn in 2001 (98%). The smallest increases were in the South East (68%) and the West Midlands (71%). <BR>The large rise in Scotland is a combination of a 111% growth in house prices and a 16% increase in private housing stock -the biggest increases across the UK in both key components of the value of the housing stock.<BR><BR>Martin Ellis, housing economist at Halifax, said: "The value of UK`s housing stock has soared in the decade to 2011notwithstanding the decline in house prices seen since autumn 2007, rising by 84% to just under £4 trillion at the end of 2011. Whilst outstanding mortgage debt has more than doubled over the last ten years, the value of the housing stock has risen by more in monetary terms. As a result, the total value of housing equity has shown a healthy increase. For most homeowners housing is still very much the main store of private wealth."<BR><BR>Thu, 16 Feb 2012 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001111http://www.ableestates.com/newsdetails.aspx?ID=10001112The Council of Mortgage Lenders is calling for the Stamp Duty break for first-time buyers to be extended beyond March 24 amidst fears of a spring slump. The CML also expressed concerns that overall lending for house purchase will fall this year in any case.<BR><BR>The CML says that it fears a distortion in the market, with a damaging fall in activity after the exemption ends, and argues that it would cost little to keep the break going.<BR><BR>CML chief economist Bob Pannell said: `The CML expects first-time buyer transactions to pick up as the concession end date looms nearer. For those who miss the deadline, the credit-constrained environment we find ourselves in means first-time buyers will increasingly have to fund Stamp Duty from their back pockets, so the end of the concession will have a real impact.`<BR><BR>The CML’s call has been backed by Charles Haresnape, managing director of Aldermore Residential Mortgages.<BR><BR>He said: "The CML is right to ask for the Stamp Duty exemption to be extended beyond March. The cost to the Government would be minor in comparison to the benefit it would offer home buyers on tight budgets. I believe it`s incumbent on both government and lenders to do everything possible to help first-time buyers and we need to see more being done to help this important sector of the market."<BR><BR>Separately, Santander Mortgages said it estimated first-time buyers had been saved £319m by the Stamp Duty concession, which came into play in March 2010.<BR><BR>Meanwhile, both the CML and RICS have said house sales have edged up slightly as first-time buyers looked to beat the end of the Stamp Duty holiday.<BR> <BR>But the CML warned that overall mortgage lending this year could be lower than last year – which itself was 6% down on the year before. <BR><BR>RICS surveyors said they felt more optimistic about the market, although they also reported house price falls, with the majority expecting more to come.<BR><BR>The RICS said that supply of properties on the market rose slightly last month, but overall new buyer demand had dipped.<BR><BR>And while first-time buyer activity was up prior to the end of the Stamp Duty holiday, surveyors said that lack of affordable mortgage finance continues to hold back the market.<BR><BR>Meanwhile, the CML said that the number of mortgages to first-time buyers bounced up 7% in December compared with November. The number was also 14% higher than December the year before.<BR><BR>There were 18,700 loans advanced to first-time buyers, with a 3% rise in purchases of properties costing less than £250,000 – the price at which Stamp Duty will again be payable when the exemption ends.<BR><BR>The number of mortgages for home movers slipped 2% on the month in comparison, while remortgages declined 15%.<BR><BR>The final month’s figures for 2011 show what a mixed year it was for the mortgage market as a whole. Remortgage lending increased by 17% from 2010 to £47bn but house purchase lending, at £75bn, was 6% down on the previous year.<BR><BR>Within the house purchase market, lending to both first-time buyers and movers fell in 2011 but first-time buyers fared slightly better. There were 193,000 loans worth £23.4bn taken out by first-time buyers in 2011, down from 200,100 loans worth £23.9bn in 2010 – a 4% fall by volume and 2% by value.<BR><BR>Movers took out 316,500 loans worth £51.4bn last year, down from 343,200 worth £55.1bn in 2010 (down 8% by volume, 7% by value).<BR><BR>Paul Smee, CML director general, said: `We have been expecting a flow of first-time buyers on to the market as the Stamp Duty exemption ends in March. December’s figures appear to show this has now begun.<BR><BR>`The market in 2011, while still subdued, saw a welcome increase in annual gross lending for the first time since 2007, when the financial crisis began. With the Eurozone problems still rumbling on, however, we believe there is still a real risk that this year’s lending levels will be lower than those seen in 2011.`<BR><BR>David Whittaker, managing director of Mortgages For Business, said: `There is a very real danger that the end of the first-time buyer Stamp Duty holiday will mark the beginning of a new slump at the bottom of the housing market as a rush to complete transactions before the deadline is followed by an activity vacuum.<BR><BR>`This will put even more pressure on an already over-burdened rental sector and create more problems for buyers further up the housing ladder who rely on first-timers in their property chains.<BR><BR>`As a result, landlords and professional investors will continue to be relied upon to provide the safety net for the housing market.<BR><BR>`Lenders and government must recognise this contribution and provide investors with as much support as possible. If they don’t, the safety net will almost certainly be too small to catch everyone.`<BR><BR>Thu, 16 Feb 2012 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001112http://www.ableestates.com/newsdetails.aspx?ID=10001113Gross mortgage lending declined to an estimated £10.5billion in January.<BR><BR>Lending fell by 14% from £12.2billion in December but was 10% higher than the total of £9.5billion in January 2011, according to the Council of Mortgage Lenders.<BR><BR>Although a seasonal decline is expected, January was the sixth month in a row of higher year-on-year lending.<BR><BR>In the latest CML market commentary, chief economist Bob Pannell said: "Housing and mortgage market sentiment has improved a little over recent weeks.<BR><BR>"The increase in lending compared to January last year helps support our view that housing and mortgage market activity may be boosted by first-time buyers seeking to complete deals before the stamp duty concession ends in March.<BR><BR>"Should inflationary pressures continue to fall back, the squeeze on household finances should ease progressively and help support stronger economic recovery going into the second half of the year. This can only be good news for the housing market further down the track."<BR><BR>Nicholas Leeming, business development director at Zoopla.co.uk, said:<BR><BR>`The property sector relies on a healthy lending market and while lenders are still nursing the hangover of the crisis this is another step in the right direction. The Bank of England has hinted that rates will stay low for the foreseeable future so borrowing will remain cheap as a result. However, the end of the first-time buyer stamp duty holiday looms large and this will have a significant impact on the market. Lending figures will remain strong in the lead up to the deadline as first-time buyers rush to beat the deadline but it’s likely we’ll see a lull in the middle of the year as a result of activity exhaustion from this section of the market. It’s important then that lenders keep introducing attractive and affordable mortgage deals to boost activity. If they don’t, we’re in danger of taking one step forward and two steps back.` <BR><BR>Tue, 21 Feb 2012 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001113http://www.ableestates.com/newsdetails.aspx?ID=10001114Allagents, the highly controversial self-styled ‘trip advisor’ review site for estate agents, is to publish league tables of the top 500 and worst 500 agents in the UK, based on what the site insists is entirely genuine customer feedback.<BR><BR>The league tables are not yet available but last night, Allagents released ‘snapshot’ statistics showing that the smallest, single-office agents have done best, with 67% of places, leaving the larger chains trailing.<BR><BR>Only one firm with more than 30 offices is in the top 500 – apparently making it all the way to fourth place. Medium-sized businesses with 10-30 branches have done only a little better, with just 12 in the top 500.<BR><BR>However, small single-office agents also did worst in the 500 bottom placed agents, taking up 55% of places. Seven of the chains are in the ten most bottom placed agents. Individual branches have also been scored.<BR><BR>Allagents says it was clear that some of the big players have some highly rated branches: `What stands out is that without the burden of being dragged down by the overall chain performance, these branches could be up there with the country’s best rated providers.`<BR><BR>In a mailer this week to agents, Allagents says: `These tables will revolutionise the estate agent industry and so the time has come for all estate and letting agents to embrace Allagents and take the opportunity to openly demonstrate to prospective customers why they should be doing business with you. Email all your clients and encourage them to write a review for you.<BR><BR>`There is no other site that can provide this data based solely on your customers’ experiences and the league tables will set the benchmark for how a client will choose their next estate agent or letting agent.`<BR><BR>The mailer also shows how Allagents is trying to up the ante, with featured reviews, advertising opportunities, its ‘transparent agent scheme’, plus a free property portal and an awards scheme. It says the awards scheme will be separate from the league tables.<BR><BR>Allagents has drawn considerable controversy from agents, with some claiming that negative reviews look made up or posted by rivals, and that positive reviews have been put up by the agents themselves – all practices denied by Allagents, which insists that it has controls in place.<BR><BR>Wed, 22 Feb 2012 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001114http://www.ableestates.com/newsdetails.aspx?ID=10001115Green shoots in the housing market are reported by Hometrack this morning.<BR><BR>It said there has been `a marked improvement in housing market conditions` this month.<BR><BR>The number of new buyers registering jumped 18%, after two months of major declines, and represented the strongest level of demand seen since the start of the downturn. The rise compared with the 15% increase in potential buyers recorded in February 2009.<BR><BR>Property listings also grew, by 15%, whilst average time on the market crept down to just below the ten-week mark.<BR><BR>Hometrack attributes some of the rise in demand to first-time buyers looking to beat the end of the Stamp Duty holiday on March 24.<BR><BR>While average selling prices have not changed at all since the start of the year, this is masked by a small increase in London offsetting price falls across six regions in the North and Midlands, and unchanged prices across the South-East, East Anglia and Yorkshire & Humberside.<BR><BR>However, Hometrack points out that it is a scarcity of supply that remains a key feature of the market.<BR><BR>Hometrack director of research Richard Donnell said: `As investors and first-time buyers have no properties to sell, the growth in demand outpaced the increase in supply across nearly all regions.<BR><BR>`Over the last six months, there has been only a small (1.5%) increase in the supply of housing and this scarcity continues to act as a support to pricing.`<BR><BR>He added: `While the seasonal pick-up in demand is to be welcomed, the fundamentals facing the housing market remain largely unchanged: the average time to sell, for example, remains at relatively high levels and the balance of supply and demand remains in negative equity.<BR><BR>`In the short term, a lack of housing for sale is set to underpin prices, while market activity will benefit from the support of first-time buyers as they race to beat the ending of the Stamp Duty holiday.`<BR><BR>The Hometrack survey is based on responses from around 5,000 estate agents.<BR><BR>Tue, 28 Feb 2012 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001115http://www.ableestates.com/newsdetails.aspx?ID=10001116<BR>Neighbourhoods suffering the blight of empty homes could benefit from a £100 million boost to bring these properties back into use and provide stable homes for families in need, Communities Andrew Stunell has announced.<BR><BR>Seeking expressions of interest for the scheme, the Minister stressed that the funding was to breathe new life into the country`s abandoned streets by bringing back into use clusters of empty homes that can often attract anti-social behaviour, vandalism and fly-tipping to neighbourhoods.<BR><BR>There are more than 700,000 empty homes across the country - with around 280,000 unused and under-maintained for six months or more.<BR><BR>Since the introduction of the New Homes Bonus the number of long term empty homes has been reduced by nearly 38,000 since October 2009, with rewards to local authorities of £64 million as a result.<BR><BR>Today Mr Stunell offered £50 million Government funding to areas with clusters of empty homes which have good market prospects, such as access to transport links, but require intensive refurbishment to return them to a liveable standard.<BR><BR>Councils who wish to apply will match the funding they receive - bringing the total investment to £100 million. Every successful bid must have strong local support and aim to bring at least 100 homes back into use.<BR><BR>Communities Minister Andrew Stunell said:<BR><BR>"It`s shocking that hundreds of thousands of houses sit unoccupied while people across the country are in need of a home of their own. Thousands of homes have already been brought back into use in the last year - but there are still many areas where there are whole streets of abandoned homes.<BR><BR>"That`s why today I`m offering Government cash, backed up by the investment of communities themselves, for a £100 million boost to breathe new life into these areas and providing homes to those in need.<BR><BR>"I want my ambition to be matched by the communities that apply for this cash injection, with local people backing locally-led efforts to bring at least 100 empty homes in their area back into use. And in addition, these areas will receive further financial recognition for their efforts through the New Homes Bonus."<BR><BR>Tue, 28 Feb 2012 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001116http://www.ableestates.com/newsdetails.aspx?ID=10001117Paul McCartney and John Lennon`s childhood homes in Liverpool have been listed at Grade II, celebrating the huge cultural and historic associations that the two houses have as the place where The Beatles composed and rehearsed many of their early hits.<BR><BR>They were listed by the Tourism and Heritage Minister, John Penrose, on the advice of English Heritage.<BR><BR>20 Forthlin Road, home of Paul McCartney from the age of 13 to 22 is the house where up to 100 Beatles songs were composed and a place of intense creativity and musical production.<BR> <BR>John Lennon lived at Mendips, 251 Menlove Avenue, from the age of 5 to 22. The house tells a biographical story of the legendary musician with tangible evidence of the band`s formation and rehearsals, such as the porch which was enclosed by his aunt to ensure she wasn`t disturbed by the music. Both houses are managed by the National Trust.<BR> <BR>Yoko Ono said: `I am delighted to learn that English Heritage have classified Mendips as a Grade II listed building. Mendips always meant a great deal to John and it was where his childhood dreams came true for himself and for the world.`<BR> <BR>Simon Thurley, Chief Executive of English Heritage, said: "Listing very often celebrates architectural or aesthetic distinction, but in this case it celebrates historical association. The Beatles played an incredibly important role in the national cultural story. These new listings mark the special historical interest of the buildings where hits such as `Please Please Me` were composed and where the phenomenon that was The Beatles began."<BR> <BR>The following places associated with The Beatles have previously been selected for listing: the Casbah Club in Liverpool, Abbey Road Studios in London and the zebra crossing outside the studios.<BR><BR>Thu, 01 Mar 2012 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001117http://www.ableestates.com/newsdetails.aspx?ID=10001118Average UK property prices edged up by 0.6% last month, according to the latest data from Nationwide.<BR><BR>This increase takes the year on year rate of house price growth up to 0.9% from 0.6% in January.<BR><BR>Chief Economist Robert Gardner said: "Evidence that house prices picked up a little in February follows a series of data releases suggesting that economic conditions may not be quite as weak as feared after the UK economy contracted in the final quarter of 2011.<BR><BR>"Surveys of activity in the manufacturing and service sectors point to a rebound in January, while consumer confidence and retail spending were both stronger than expected during the month.<BR><BR>"Measures of activity in the housing market have also picked up, with the number of housing transactions rising by 23% y/y in January and the number of UK mortgage approvals - a leading indicator of sales - up 36%.<BR><BR>"However, it remains to be seen whether this trend will be sustained. Given the still challenging economic backdrop this increase in housing market activity may be the result of a temporary rise in first-time buyers entering the market to take advantage of the stamp duty holiday before it expires in March.<BR><BR>Fri, 02 Mar 2012 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001118http://www.ableestates.com/newsdetails.aspx?ID=10001119Confidence among property investors is high as three in five plan to expand their portfolios over the next six months, according to specialist mortgage broker Mortgages for Business. <BR><BR>The strength of the private rental market and the poor performance of property prices over the last year has given professional landlords and property investors the platform upon which to build their portfolio of properties.<BR><BR>While the majority of investors (63%) will need to remortgage existing properties to fund their expansion, a similar proportion (62%), believe lenders are not doing enough to support landlords and property investors. The results come from Mortgages for Business’ inaugural quarterly Property Investor Survey in which 185 landlords and investors were surveyed.<BR><BR>One in five (20%) feel that lenders should reduce their fees in order to support property investors. 18% believe lenders should increase LTVs and 15% feel that lenders should grow the number of case by case lending decisions rather than rely on computers and credit scores.<BR><BR>While four fifths (81%) of property investors intend on investing in vanilla buy-to-let property over the next six months, 22% plan on expanding their portfolios with Houses in Multiple Occupation (HMO) and 15% with Multi-unit Freehold Blocks (MUFB), both of which provide higher average yields for investors. 14% intend on investing in commercial or semi-commercial property which also average higher yields than vanilla investments.<BR><BR>David Whittaker, managing director at Mortgages for Business, commented: `Although overall mortgage and lending to first time buyers is finally starting to increase, landlords remain confident about the future of the private rental market and plan to expand their portfolios over the coming months. However, more and more investors are exploring which options will give them the best returns on their investment. While vanilla buy to let properties remain popular, more complex deals are offering higher yields on average and are growing in popularity, particularly because of the shortage of housing stock currently on the market.`<BR><BR>Mon, 05 Mar 2012 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001119http://www.ableestates.com/newsdetails.aspx?ID=10001120The downturn in the housing market has left the UK a nation of frustrated house-movers, a think-tank has said.<BR><BR>The large majority of people who want to move have been unable to. Furthermore, most people want to move not because of location but because of changes in their personal circumstances, such as splitting up or moving in with someone.<BR><BR>According to Understanding Society, a study of 40,000 households funded by the Economic and Social Research Council, between 2009 and 2010 only 10-14% cent of people who wished to move actually did so.<BR><BR>The study also found that living in an urban setting or in a less deprived area increased the likelihood of being able to move, while living in rural or more deprived areas reduced the likelihood.<BR><BR>The findings are based on a sample of 16,000 individuals who were asked about their desire to move home, and their expectations of moving in the next year and why they wished to move.<BR><BR>They show that 39% of individuals living in urban areas wish to move, compared to 28% in rural areas. In the most affluent areas, 29% of people expressed a desire to move, compared with nearly half (45%) of those living in the most deprived areas who want to move.<BR><BR>The main reason given for moving home by those who managed to do so was either needing bigger, smaller or better accommodation. Family-related reasons such as divorce or moving in together also ranked highly and were mentioned by 25% of respondents.<BR><BR>Location motives, such as wanting to move to a better neighbourhood, came further down the list with mentions from just 12%.<BR><BR>All told, 27% of previously single people moved in with their partners and 9% of movers separated from a partner. A further 17% of movers who were previously renting bought a house.<BR><BR>While 31% of movers from rural areas moved into urban areas, only 11% of movers went from urban areas to rural ones.<BR><BR>Dr Birgitta Rabe, of the Institute for Social and Economic Research at the University of Essex, who analysed the data, said: `In recent years there has been a stark contrast between individuals wanting and expecting to move and their actual moving behaviour.<BR><BR>`This has wider economic implications for people’s flexibility in a challenging job market, because it is home owners, either with a mortgage or those that own their home outright, who find it most difficult to achieve their moving desires.`<BR><BR>Wed, 07 Mar 2012 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001120http://www.ableestates.com/newsdetails.aspx?ID=10001121House prices fell 1.9% year-on-year in February, with a monthly decline of 0.5% largely reversing the 0.6% gain made in January, says Halifax.<BR><BR>The average property price in February was £160,118 – 1.9% lower than February last year, and nearly 20% below Halifax’s average house price of around £200,000 at the height of the market in August 2007.<BR><BR>The Halifax report is also in slight contrast to Nationwide’s for February, which gave a monthly rise in prices of 0.6% and an annual rise of 0.9%. However, with Nationwide putting the average house price at £162,712, both were close to what the Land Registry has been reporting.<BR><BR>Martin Ellis, housing economist at Halifax, said: `Overall, prices nationally are at broadly the same level as last spring. This stability in prices is explained by the fact that market conditions have changed very little over this period, with demand supported by low interest rates and supply remaining tight.`<BR><BR>Halifax also said that for the second month running there was a rise in first-time buyers scrabbling to beat the end of the Stamp Duty holiday on March 24.<BR><BR>Wed, 07 Mar 2012 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001121http://www.ableestates.com/newsdetails.aspx?ID=10001122Changes that estate agents will have to make to their IT systems are simply not capable of being done by the time the new EPC regime kicks in.<BR><BR>Only five days – including a Sunday – have been allowed between necessary information being made available and implementation.<BR><BR>The claims have come from agents sent information about how to retrieve EPCs from the Landmark website.<BR><BR>They have said, in two robust words: ‘no way’.<BR><BR>The highly complex ‘guidance’ issued by CLG on March 2, but due to communications problems not widely circulated until Monday this week, says that the new-look EPC will be issued on April 1.<BR><BR>On the same day, an ‘API’ code will be released – enabling estate agents’ IT systems to ‘talk’ to the Landmark site via an Application Programming Interface.<BR><BR>Without the code, agents will have to log on manually to the Landmark website each time they want to access individual EPCs. The log-on would include a CAPTCHA, whereby agents would have to ‘fill in the box with the letters they see’ – very time consuming for agents with a large number of EPCs they need to access and print off.<BR><BR>Nick Salmon, managing director of Harrison Murray, said: `If the code is not released until April 1, it means agents will have just five days – including a Sunday – to rewrite and presumably test their own systems.<BR><BR>`We will, of course, obey the law, but when I asked our IT team to look at the guidance, they said it was not possible to automate our systems within the timescale.`<BR><BR>Another mystery is that the guidance gives what looks to be a screengrab of the Landmark site as agents will see it.<BR><BR>However, closer inspection reveals a date of last October – when the EPC changes were last due to kick in – and that the text is in Latin, suggesting that as late as March 2, the Landmark designers did not have actual wording.<BR><BR>Other agents have told EAT that they are concerned that they will be required to pre-pay a minimum of £10 upfront to Landmark in order to get redacted EPCs – those without addresses.<BR><BR>One said that agents were being forced into a commercial contract with Landmark – a private firm, holding what is a public database, and which belongs to the Daily Mail – and asked what was wrong with using Tipp-Ex.<BR><BR>Our readers’ concerns were put to Landmark who agreed the following statement with the Department of Communities and Local Government: "DLCG requested Landmark to develop a system to enable property gents to retrieve the EPC for attachment to the written particulars without additional cost to the taxpayer.<BR><BR>"It was agreed that this would be developed on a cost recovery basis. As part of the EPC Retrieval Service, domestic and non-redacted EPCs are provided free of charge.<BR><BR>"As the redacted commercial EPCs are a value-added and optional service, there is a charge. The use of the Register Operator`s service also means that the Register Operator is responsible for supplying the EPCs and ensuring that the redactions are carried out to the same standard in order to ensure consistency."<BR><BR> <BR><BR>Tue, 20 Mar 2012 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001122http://www.ableestates.com/newsdetails.aspx?ID=10001123As Easter approaches, many people take advantage of the school and Bank Holidays to enjoy a well-earned break.<BR><BR>But with your estate agents continuing to work hard on your behalf, there are a few steps you can take to ensure there are no missed opportunities when it comes to viewings.<BR><BR>Independent estate agents and valuers Harrison Murray have a few seasonal tips for sellers to ensure they don’t miss out on any interest in their home this Easter.<BR> <BR>- Inform your agent that you are going away – and above all, leave them a key. There is nothing worse than having to turn away interested viewers in your absence because the agent has no access to your home.<BR> <BR>- Ensure that your home is spotless if you are going away for a few days.<BR> <BR>- DO empty household rubbish bins, make sure all work surfaces are clean and tidy, clear out magazine racks, ensure that draining boards and sinks are clear of washing up and the dishwasher is empty.<BR> <BR>- DON’T leave any washing hanging over the radiators, dying flowers in a vase or fruit past its best in the bowl. Give your home a general once-over to ensure there is no clutter lying about.<BR> <BR>- A couple of strategically placed air fresheners will ensure a pleasant aroma in your home .<BR> <BR>- Finally, make sure your agent has a contact number in case they need to call you about that all important offer!<BR> <BR>Harrison Murray’s development director Jackie Scotten said: `The Easter break is a great time to recharge your batteries after the winter months – but for those people who are looking to move, it presents a wonderful opportunity to go house hunting.<BR> <BR>`If your home is for sale and you are planning a few days away over Easter, it is certainly worth doing what we have suggested before you leave.`<BR><BR>Tue, 27 Mar 2012 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001123http://www.ableestates.com/newsdetails.aspx?ID=10001124A 4.8% growth in the average monthly rent led buy-to-let investors across the UK to achieve a rental yield of 6.1% in 2011, according to figures from BM Solutions.<BR><BR>Strong demand for rental properties increased further last year, with the average monthly rent climbing to £716 in 2011 from £682 in 2010 as a result.<BR><BR>While 2011 rental yields were marginally lower than the previous year (6.2%), they remained buoyed by continued rental increases across the UK.<BR><BR>Regionally, the highest rental yields in 2011 were in the North (7.0%), North West, Yorkshire and the Humber (both 6.3%), Wales (6.0%), West Midlands and the East Midlands (both 5.9%). Greater London (4.8%), South West (5.0%), South East (5.2%) and East Anglia (5.3%) all registered yields below the UK average.<BR><BR>Phil Rickards, BM Solutions, said: "There is a very healthy demand for rental properties across the UK right now, which in part may be driven by the costs associated with buying a home: costs which, for some, will only increase as the stamp duty holiday comes to an end. Average gross yields on a buy-to-let property have been just over 6% for the past two years, driven by growth in rental values.<BR><BR>"However, with house prices likely to remain broadly flat again this year, buy-to-let landlords can again expect little capital gain on their investment in 2012."<BR><BR>While the national average monthly rent increased by 4.8% overall, there are more significant gains in regional areas. The largest increases were in East Anglia (8.0%) and the North (6.9%). The South East and Greater London recorded rises of 5.8% and 5.6% respectively. In contrast, rents increased by less than 1% in Wales (0.1%) and Scotland (0.7%).<BR><BR>The average rent in Greater London remains significantly higher than elsewhere in the UK, at £1212 per month. The average monthly rent in the capital is 69% higher than UK average of £716 and 41% above that in the South East (£858) - the next highest region. The lowest average rents are in Wales (£474 per month), the North and Yorkshire and the Humber (both £488 per month).<BR>Tue, 27 Mar 2012 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001124http://www.ableestates.com/newsdetails.aspx?ID=10001125<BR><BR>A new duty has fallen on letting agents and landlords – to carry out risk assessments for legionnaire’s disease, and if necessary, take action.<BR><BR>The Health and Safety Executive has released a revised Approved Code of Practice: Legionaires’ disease: The control of legionella bacteria in water systems.<BR><BR>It underlines legal requirements for landlords and managing agents to ensure that the risk from exposure to legionella from all water systems in residential rental premises is controlled.<BR><BR>Whose responsibility it will be – ie, agent or landlord – can be answered by a simple question: if a tap breaks or leaks, who is responsible for getting it repaired?<BR><BR>The new guidance insists that landlords and agents must keep records for at least five years. They must give details on all aspects of risk assessment control.<BR><BR>To comply with the law, landlords and agents need to be aware that legionella bacteria can multiply in hot or cold water systems and storage tanks, and be spread via showers and taps. Risk assessments must identify and assess potential sources of exposure, and steps take to prevent or control any risk that is identified.<BR><BR>Risk assessments can normally be carried out by agents or landlords, and include assessing whether conditions are right for bacteria to flourish – in water tempteratures between 20C and 45C. Areas of stagnant water, infrequently used outlets, debris in the system, and thermostatic mixing valves should all be inspected.<BR><BR>However, the part of the risk assessment likely to cause most problem is whether any particular tenants, such as older people or those already ill, might be vulnerable to infection.<BR><BR>Landlords and agents will also have to balance one set of advice – to raise the temperature of warm water to control legionella – against the risk of possible burns and scalding.<BR><BR>Steps taken to control the threat of legionella include disinfecting the system, ensuring no water can stagnate anyway, insulating pipework, and keeping water cisterns covered and free of debris.<BR><BR>Tenants should also be advised about risks, and told to take precautions such as flushing through showers they rarely use.<BR><BR>Anyone with concerns can contact their local HSE office of environmental health department.<BR>Tue, 27 Mar 2012 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001125http://www.ableestates.com/newsdetails.aspx?ID=10001126Have any of our readers found that households that have rented out their roofs to solar companies are finding it impossible to sell?<BR><BR>Thousands of households are thought to have agreed to rent their roofs to solar panel companies, usually for 25 years, in return for free electricity. Now there are warnings that such homes may not be mortgageable.<BR><BR>According to a story in Guardian Money, owners of such properties are being turned down for remortgages, which suggests that prospective purchasers of such properties are also likely to be rejected.<BR><BR>Guardian Money was contacted by a Southampton couple who were refused by several companies when they tried to remortgage, even though their existing mortgage provider, RBS, apparently agreed to the scheme.<BR><BR>Applications for a remortgage have been apparently turned down by Skipton and Nationwide, although RBS has offered them a mortgage on the basis that it approved the solar installation.<BR><BR>The couple are now worried they won’t be able to sell if potential buyers also struggle to find a loan.<BR><BR>Guardian Money says that although the case is probably the first of its kind, others could follow, resulting in a raft of legal disputes over the ‘rent a roof’ scheme.<BR><BR>Peter Ambrose, of conveyancing firm The Partnership, said: "There is an increase in litigation expected from frustrated sellers whose buyers cannot get mortgages on their potential purchases because of these restrictive leases."<BR><BR>Guidance to brokers by the Skipton, updated on February 20, says: `The society will NOT lend where the panel provider is supplying and fitting panels free of charge, is taking income from the grid tariff scheme and is creating a long-term lease against the roof and roof air space.`<BR><BR>Wed, 28 Mar 2012 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001126http://www.ableestates.com/newsdetails.aspx?ID=10001127The South London house where Vincent van Gogh lived from 1873-1874 was this week sold at auction for £565,000.<BR><BR>At the age of 20 Van Gogh arrived in London to start work at an art dealership in Southampton Street and from August of 1873 he lived at 87 Hackford Road.<BR><BR>The house was owned by Mrs Loyer who lived there with her daughter and it was Mrs Loyer`s daughter who Van Gogh reputedly first fell in love with.<BR><BR>There is also a sketch of Hackford Road which includes number 87, this was in the possession of Eugenie Loyer`s granddaughter, Mrs Kathleen Maynard, and is now in the Van Gogh museum, Amsterdam.<BR><BR>No 87 Hackford Road, SW9 is a three-bedroom end of terrace house which is Grade II listed and in need of modernisation.<BR><BR>Van Gogh`s stay is recorded with an English Heritage blue plaque.<BR><BR>In addition, to commemorate the fact Van Gogh lived here, the Van Gogh Museum of Amsterdam produced a gold medal and presented it to the current owners which will be given to the new purchaser.<BR><BR>Russell Taylor, Savills Auctions, said: "We had a number of bidders vying for the property but the winning bid was to an arts enthusiast who had a great admiration for Van Gogh."<BR><BR>Sat, 31 Mar 2012 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001127http://www.ableestates.com/newsdetails.aspx?ID=10001128<BR><BR>A Britain increasingly of two halves emerges in this morning’s Hometrack report, which paints a picture of house price rises in the South, and of widespread falls throughout the East Midlands, Wales and North.<BR><BR>During March, prices fell in few parts of London, the South-West and East Anglia. There were higher percentages of falls in the South-East and West Midlands, while in Yorkshire and Humber, about half the region had house price falls.<BR><BR>But in the East Midlands, North-West and Wales, house price falls were prevalent, and in the North they were universal right across the region.<BR><BR>With such widespread variations, the Hometrack survey shows national prices as a whole barely shifting – up just 0.2% from February. There was a rise in applicants of 4.4% from February, showing a downward trend.<BR><BR>Time taken to sell also varies widely across the country, from 11.6 weeks in the Midlands and North to under six weeks in London.<BR><BR>Richard Donnell, director of research at Hometrack, said: `The housing market is not firing on all cylinders nationally. The divergence in the relative strength in northern and southern England is set to remain.<BR><BR>`We expect prices to track sideways in the short term, with the outlook for the second half of the year hinging on households’ expectations for the economy and their incomes.`<BR><BR>The Hometrack report never gives house prices, but said that in March, London prices rose 0.5% over the month – the highest monthly increase since April 2010.<BR><BR>However, those London hikes will mostly have been recorded pre-Budget, when Stamp Duty on £2m-plus properties shot up for private purchasers from 5% to 7%, and for properties bought by entities such as partnerships, collective investment funds and companies, to 15%.<BR><BR>With London agents still hammering out post-Budget deals at around the £2m-£2.5m mark, there is nothing yet to confirm, or deny, speculation that prices lower down the scale will have suffered any knock-on effect.<BR><BR>Mon, 02 Apr 2012 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001128http://www.ableestates.com/newsdetails.aspx?ID=10001129<BR>The first green shoots of recovery have been seen in some prime residential markets beyond London which recorded their first quarterly price rise in a year, according to the Savills prime regional index.<BR><BR>Key commuter hotspots, close to London, showed particularly strong quarterly growth of over 5 per cent.<BR><BR>Average values in the UK index (which measures properties averaging just over £1 million) increased by a marginal 0.6 per cent in the first three months of this year. This growth was mainly confined to the South East where values rose by 1.5 per cent, driven by the equity-rich sellers of London homes who started to make the move to the country.<BR><BR>`There was a noticeable increase in buyer numbers from London in the Home Counties this quarter with 43% of buyers coming from the capital in January to March, compared with 36% in the final quarter of 2011,` says Yolande Barnes, Head of Savills residential research.<BR><BR>`This is a clear sign that the £18 billion of foreign private equity that has flowed into prime central since 2007 is now beginning to trigger a migration of equity out to prime markets in the regions. Over the course of the property cycle, its impact will be felt everywhere as it moves out from London and increasingly impacts on cheaper properties.`<BR><BR>Crucially, prime regional prices are still on average -17.1 per cent below their former 2007 peak and represent extraordinary value for those seeking to leave London, Barnes believes. Even in the South East, prices are still 11.7% cheaper than they were in 2007.<BR><BR>`Ultra-prime country properties over £2m had been recovering more in line with London prices, although still stand nearly 10% below their former peak. It would appear though that the 7% stamp duty rate has now created a threshold in the market in which properties priced between £2.0m and £2.5m could see some chipping of values or buyers pausing for thought.<BR><BR>`There are clear signs that the falls we have seen in prime markets – even those close to London – are now slowing and that those regions which are traditionally the first to recover after the capital have bottomed out, and are even starting to recover.<BR><BR>`In January, we said that 2012 would present ‘unprecedented opportunities’ for buyers selling in London and buying in the country and some of them now appear to be taking that opportunity. The price differential between London and the country has opened to its widest ever and this has triggered interest from Londoners priced out of larger homes in the capital.` <BR><BR>Annual growth across the prime UK market, like the mainstream market, remains in negative territory at -2.8 per cent year on year, and values are still more than 17 per cent below peak – in contrast to prime central London where they are now some 20 per cent above their former peak. After the budget, many more Londoners may well wish to avoid the £2m pricing point so a trade out to a larger £1m country house may prove an increasingly attractive option to them.<BR><BR>The Savills market strength indicator for prime property in the Home Counties has just started to tick up and reveals positive prospects for country house values further afield as time goes on.<BR><BR>Average values across the South East have all but flat-lined, with annual falls of just -0.8 per cent on the back of the quarterly rise, while the Eastern region is just -2.2 per cent down year on year, but marginally positive (+0.3%) in the first three months of the year.<BR><BR>Some key commuter hotspots have shown sharp first quarter growth on the back of renewed interested from London equity buyers, Henley has grown by +5.2%, Guildford, +4.0%, Harpenden +4.5% and Esher by +3.9 per cent. This is the first clear signal of a ripple of wealth out of the capital, which traditionally indicates that the prime markets further afield should be beginning to bottom out.<BR><BR>The steepest falls are still being seen in the Cornish second home hotspots. These have had an adverse impact on the index because the ‘late cycle players’ such as cash-rich bonus recipients who drove prices to unsustainably high values in the 2006/7 boom have now withdrawn from that market. Prices are now re-calibrating to those affordable by local prime buyers rather than national holiday home buyers. The prime Cornish market fell -2.3 per cent in the first quarter and is down -18.7 per cent year on year, remaining some -28 per cent below peak.<BR><BR>`Values in Cornwall have struggled to correct, with sellers remaining stubbornly attached to unrealistically high asking prices,` says Barnes. `There are signs from the market that buyer and seller expectations of value are becoming more aligned, but realistic pricing will be key to achieving a sale.<BR><BR>`By contrast, the more accessible prime Devon market is flat year on the year after adding 2.3 per cent in the first quarter.`<BR><BR>Mon, 02 Apr 2012 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001129http://www.ableestates.com/newsdetails.aspx?ID=10001130We would just like to take this opportunity of wishing everybody a Happy Easter and to let you know that we are open on Good Friday, Easter Saturday & Bank Holiday Monday. Please feel free to either call us or pop into to see us.Tue, 03 Apr 2012 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001130http://www.ableestates.com/newsdetails.aspx?ID=10001131Capital Economics expects the housing crisis to end this year, according to a report released Tuesday. One of the reasons: loosening credit. <BR><BR><BR><BR>The analytics firm notes the average credit score required to attain a mortgage loan is 700. While this is higher than scores required prior to the crisis, it is constant with requirements one year ago. <BR><BR>Additionally, a Fed Senior Loan Officer Survey found credit requirements in the fourth quarter were consistent with the past three quarters. <BR>However, other market indicators point not just to a stabilization of mortgage lending standards, but also a loosening of credit availability. <BR><BR>Banks are now lending amounts up to 3.5 times borrower earnings. This is up from a low during the crisis of 3.2 times borrower earnings. <BR><BR>Banks are also loosening loan-to-value ratios (LTV), which Capital Economics denotes `the clearest sign yet of an improvement in mortgage credit conditions.`<BR><BR>In contrast to a low of 74 percent reached in mid-2010, banks are now lending at 82 percent LTV. <BR><BR>While credit conditions may have loosened slightly, some potential homebuyers are still struggling with credit requirements. In fact, Capital Economics points out that in November 8 percent of contract cancellations were the result of a potential buyer not qualifying for a loan. <BR><BR>Additionally, Capital Economics says `any improvement in credit conditions won’t be significant enough to generate actual house price gains,` and potential ramifications from the euro-zone pose a threat to future credit availability.<BR><BR>Wed, 04 Apr 2012 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001131http://www.ableestates.com/newsdetails.aspx?ID=10001132Forget what the papers say - here are 12 reasons the UK economy will boom again soon !!<BR><BR><BR>Our economy is set to roar out of recession<BR><BR><BR><BR>Here’s a heretical thought: The UK economy is storming back to prosperity. In fact, if things carry on we’ll be back to 3 per cent growth pretty soon and all indicators will be pointing in the right direction. Even today things are pretty damn good.<BR><BR>Absurd? Well, most voters will tell you it is – the GfK index of consumer confidence in the economy over the next 12 months is at minus 30, indicative of mass national pessimism. Nationwide’s barometer of public confidence is low and falling.<BR><BR>Yet the data tells a different story, one of growth, job creation and low inflation. We really could be on the brink of a spectacular revival.<BR><BR>So if you want to start humming Rule Britannia and telling cynics that this sceptred isle is on its way back then are here are 12 cast-iron reasons you can reel off.<BR><BR><BR>1 The economy is set to grow<BR>The Office for Budget Responsibility, which provides the independent forecasts for the government, is forecasting real terms growth of 2 per cent next year, then 2.7 per cent and 3 per cent in 2015. Even this year growth will be 0.8 per cent.<BR><BR>2 Exports are up<BR>Exports grew strongly in 2011, and hit a record high in October. Exports to BRIC nations are up 150 per cent in five years. (Read the latest BRIC countries news and business advice.) Exports to the Eurozone nations grew 11.3 per cent last year despite the ongoing crisis. There is a large number of high-perfoming sectors: for example, livestock exports are up 22 per cent on 2010, with the Far East being the fastest growing market.<BR><BR>3 We have the Pound…<BR>…and not the Euro.<BR><BR>4 Jobs market is improving<BR>Since December 2009 private sector employment has risen by 650,000 jobs – more than offsetting the net layoffs in public sector employment of 365,000. And what are the prospects for future hirings? Actually, a string of surveys suggests the rate of hiring is improving. The Federation of Small Businesses says there is a net balance of 1.2 per cent of small firms looking to hire. Looking long term the OBR forecasts employment rising steadily from 29.1m this year to 30m in 2016.<BR><BR>5 Savings ratio is back on track<BR>In order to `detoxify` the economy it is necessary to recapitalise the banks and to reduce the appalling borrowing levels of consumers. This requires an increase in the savings ratio – the percentage of household income saved by consumers. During the 2000s the ratio was 4.3 per cent, indicative of the spend-and-borrow ethos of the Blair-Brown era. By comparison, the ratio during the eighties and nineties was 8.9 per cent.<BR><BR>At the start of the financial crisis in 2008 the ratio was a dreadful 1.7 per cent. Since then the rate has rallied. In the last quarter of 2011 the savings ratio was 7.7 per cent, a slight fall on the previous quarter, but undeniably in the right ballpark. Vicky Redwood of Capital Economics said: `Although the household saving rate nudged down in Q4, the back-data have been revised up a fair bit. So it now looks like households’ finances are in a bit better condition than before.` The detox is well underway.<BR><BR>6 We are in the right sectors<BR>Ignore much of the blather about needing to `rebalance` the UK economy. It is, in fact, highly diverse with specialisms in precisely the right areas: pharmaceuticals, defence, nanotech, financial services, oil & gas, computer chips, hi-fi, computer games and mining. Our agriculture sector is world-class, and devoid of the terrible CAP-related problems facing Poland, France or Ireland. Our motorsport industry is larger than that of France, Germany and Italy put together.<BR><BR>Like this? Try…<BR><BR>Our free newsletter<BR><BR>37 ways to rescue the economy, by Britain’s brightest brains<BR><BR>Can our £15bn design industry become the next superstar sector?<BR><BR>7 Services sector is recovering fast<BR>The Purchasing Managers Index, which reflects the health of the services sector, rose from 53 in February to 55.3 in March. Any number above 50 indicates growth. Chris Williamson, chief economist at Markit which compiles the PMI, said the data suggests the UK economy grew by 0.5 per cent in the first quarter, contradicting fears we slipped back into recession.<BR><BR>8 Public sector borrowing is falling<BR>The biggest challenge of this parliament is to cut the difference between tax revenue and state spending. In 2011-12 the government borrowed £137bn to cover the shortfall. By 2016-17 this will have fallen to £21bn according to the OBR, or 1.1 per cent of GDP.<BR><BR>9 Inflation is low, and falling<BR>In 2011 the Consumer Price Index hit 4.5 per cent. Cue panic! But this figure was partly due to high commodity prices and the VAT rise. The CPI is forecast to fall to 2.8 per cent this year and then stay at 2 per cent for the next few years – the ideal scenario.<BR><BR>10 Government borrowing is absurdly cheap<BR>When Labour left office lenders were asking 4 per cent to lend to the UK government. Now the effective rate of interest on 10-year gilts is a shade over 2 per cent. This matters. The two percentage point fall equates to a saving of £43.2bn over the next five years.<BR><BR>11 The size of the state is shrinking<BR>When the state gets too big it squeezes out the private sector, causing economic stagnation. In the noughties the government grew 53 per cent in real terms – the biggest expansion by a developed economy excluding war and socialist revolution. In Northern Ireland and Wales public spending reached more than 70 per cent of GDP, and 64 per cent in the under-performing North-East. Now the bloatage is deflating. The government will decline from 48.4 per cent of GDP in 2011 to 39 per cent in 2016-17. Still some way short of Hong Kong’s 17 per cent. But a welcome start.<BR><BR>12 Brits love entrepreneurs<BR>While the French are wondering whether to vote for a guy who wants a 75 per cent top rate of tax (Francois Hollande, currently bookies’ favourite) or his rival who wants a 100 per cent rate (Jean-Luc Mélenchon, admittedly an outsider), the UK has cut the top rate and offers a raft of incentives to start-ups. Our universities are hot-beds of ambition. And we have the strongest investment environment of any European nation, ranking #1 for private equity by a considerable distance. Overall, the World Bank ranks the UK as the easiest place in the world to borrow money. Together, entrepreneurs and finance are the most powerful engine economic prosperity. And on both counts Britain is up there with the very, very best.<BR><BR>Wed, 11 Apr 2012 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001132http://www.ableestates.com/newsdetails.aspx?ID=10001133<BR><BR>Hopes of private lettings creating Olympics gold appear to have failed to get off the starting blocks.<BR><BR>Undeterred, landlords are still piling into agents, hoping for a quick buck and lured by the prospect of premium rents advertised on agents’ websites.<BR><BR>But according to one Foxtons agent in north London: `We physically can’t get out to see all these properties because of the number of inquiries coming through from potential landlords.`<BR><BR>While there are exceptions – Knight Frank is reporting inquiries from companies wanting to short-term rent whole blocks this summer – London agents are reporting more landlords than tenants and a huge number of unlet Olympic properties.<BR><BR>There is also the minor problem that prospective tenants for the Games do not have unlimited budgets.<BR><BR>Unsurprisingly, most seem to want the cheapest possible accommodation – and do not want to pay the six-times normal rent being hyped.<BR><BR>Some of the expensive rentals can be found on Zoopla`s special Olympics section. These include a six-bed flat in Knightsbridge for £80,000 a week and a nine-bed apartment in Blackheath, two minutes from where the horse action will be, for £17,500 a week – which must make the local bed and breakfasts look like bargains.<BR><BR>www.zoopla.co.uk/to-rent/property/london/?keywords=Olympic<BR><BR>Joanna Doniger, who runs sporting events accommodation companies Tennis London and Accommodate London, says agents have also been greedy.<BR><BR>She says: `We charge 15% of the rent to let a property for the Olympics, exactly the same as for Wimbledon, but some of the big London agents are charging getting on for double that.`<BR><BR>Foxtons charges 26% commission for any let of less than six months, Hamptons 25% for an Olympics let (compared to 20% for non-Olympics short lets), Keatons 22% and Winkworth 20%.<BR><BR>We always did think it might end in tears.<BR><BR><BR>Wed, 11 Apr 2012 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001133http://www.ableestates.com/newsdetails.aspx?ID=10001134Cebr’s updated housing forecast shows prices rising by 0.8% in 2012 according to a new report by the think tank.<BR><BR>Cebr confirm a view that has remained fairly consistent for three years that low interest rates and increasing availability of mortgages will help house prices edge up over the 2012-2016 period, reaching pre-recession levels in Q2 2016.<BR><BR>Cebr bases its forecasts on a mix of micro and macro factors. The key micro factor is the shortage of housing relative to potential household formation. The key new micro issue is the changes in the planning regulations reannounced in the Budget. These are likely gradually to boost the supply of housing and will constrain the gentle rise in house prices.<BR><BR>The key macro factors are affordability, employment and mortgage availability. The first of these will be slightly positive, the second slightly negative and the third increasingly positive.<BR><BR>Cebr expects the mortgage famine to ease gradually as the QE already announced flows through the economy and as banks recapitalise themselves.<BR><BR>`House prices have been pretty stable over the past two years` says Shehan Mohamed, main author of this report `Lending for housing was £74.5 billion in 2011 and we forecast that this will rise to £109.9 billion by 2016`.<BR><BR>Cebr’s regional house price analysis, also included in the report, shows house prices are likely to continue to rise more quickly in the London and the South East, though the gap in house price inflation with the rest of the country is likely to close because of the 7% stamp duty and the heavy taxation on corporate home ownership announced in the Budget and because of the non-recurrence of special factors like the Arab Spring and the euro crisis which boosted the London market in 2011.<BR><BR>Thu, 12 Apr 2012 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001134http://www.ableestates.com/newsdetails.aspx?ID=10001135Rightmove and the other big property portals are set on a collision course with the Government over EPCs.<BR><BR>Although the CLG has given what it must have thought to be unequivocal advice, in a new debacle the portals are advising that they do not need to produce EPCs for their online listings, saying the advice is unclear.<BR><BR>The Q & A advice from CLG says:<BR><BR>Q. `Do the regulations also apply to electronic written particulars on internet sites?`<BR><BR>A: `Yes.`<BR><BR>The same advice defines written particulars as containing two or more of the following: photo, floorplan, room sizes or measured area of building, and, in the case of a rental property only, price.<BR><BR>Whilst this would take in virtually all lettings listings, which almost inevitably include both a property photo and the rental price, agents arguably would only need to leave a floorplan out of their sales particulars to be let off the hook in terms of having to show an EPC.<BR><BR>However, a cursory glance at a number of online listings yesterday showed that 100% of the properties for sale EAT looked at all contained, or led directly to information containing, photos, floorplans and room measurements. All, however, had the pre-April 6 EPC graphs with them, before the requirements changed. (Actually, one property didn’t have any EPC with it at all – see the link at the end of the story.)<BR><BR>The portals are insisting that their listings are adverts and not particulars, and EPCs do not need to be carried. However, like CLG, they are putting the onus for legal obedience totally on agents.<BR><BR>Rightmove has emailed all of its agents, saying that in their view, ‘the new regulations do not place any additional obligations on Rightmove, although you may wish to consider separately how the new regulations might affect your own company website’.<BR><BR>Yesterday evening, a Rightmove spokesman confirmed: `The new EPC requirements apply to property particulars. Rightmove is a property advertising website and the information displayed on Rightmove by all our member agents takes the form of adverts and not property particulars. This is clearly stated at the bottom of every page on Rightmove that displays details which have been provided to us by the agent about a specific property, and will continue to do so.<BR><BR>`We have communicated this to Rightmove member agents and it remains our view in light of the most recent DCLG statement clarifying the new EPC requirements. We do, however, understand that some member agents may wish to display the full EPC as part of the property advert on Rightmove.<BR><BR>`Rightmove does provide the functionality for agents to do this if they so wish, either via their datafeed provider or through a manual property upload.`<BR><BR>Zoopla is taking the same stand. A spokesman told EAT: `Zoopla provides a medium for agents to advertise properties, much like newspapers. It is the advertisers’ responsibility to ensure that their adverts comply with all relevant legislation.<BR><BR>`Our interpretation of the recent changes regarding EPCs do not require agents to include EPCs in all property advertisements which would include newspaper advertising, online ads, etc. That said, we do encourage our members to upload the full EPC report with their property adverts as this provides useful information for potential househunters.`<BR><BR>A spokesman for CLG said yesterday: `Where a property or letting agent intends to make more detailed information about a building available, either on their own website or another property portal, and the information provided meets the definition of written particulars, then an EPC must be provided with those details. <BR><BR>`The onus will be on property and letting agents to ensure that an EPC is provided with those details, not the website designer or the company who operates the property portal.<BR><BR>`As far as property portals are concerned, the requirements of the Regulations were circulated widely and published on the DCLG website, and Page 8 of this policy document clearly indicates that written particulars on property portals are required to display the EPC.`<BR><BR>Notably, Rightmove has been careful to use the wording ‘in our view’ in offering its advice, whilst Zoopla stresses ‘our interpretation’.<BR><BR>Even CLG has opened the doors to a field day for lawyers, prefacing its own Q & A advice as follows: `The Department is unable to provide legal advice and in any case we cannot provide a definitive interpretation of the law as only the Courts are able to do this…<BR><BR>`…You may need to consult the legislation itself to see how it applies in your circumstances; it is your own responsibility to ensure that you comply with the legislation. Should you require further clarification you should seek your own legal advice.`<BR><BR>Fri, 13 Apr 2012 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001135http://www.ableestates.com/newsdetails.aspx?ID=10001136<BR>The national average asking price of property coming to market is now £243,737, breaking the previous record set nearly four years ago according to the latest Rightmove House Price Index.<BR><BR>This is £1,237 higher than the previous peak recorded in May 2008, just a few months before the game-changing collapse of Lehman Brothers.<BR><BR>However, the rise should not be overstated—if prices had kept pace with inflation (as measured by the RPI) since May 2008 then they would now stand at £270,459, so they have fallen by 9.9% in real terms. In addition, the national average asking price is buoyed by London’s strong performance. While new sellers nationally are asking 0.5% more than the last record set in May 2008, those in London have found sufficient confidence to raise their asking prices by 14.9%. This has acted like a crutch to support the national average and enable it to surpass the levels achieved prior to the onset of the worldwide interbank lending crisis. Removing the capital from the dataset demonstrates the extent of the ‘London effect’ and reveals that average asking prices in the rest of the country have actually fallen by 4.3% since May 2008.<BR><BR>Miles Shipside, director of Rightmove comments: `From a national perspective, it has taken four years for new sellers to pitch their asking prices above their previous record. However, this is not a universal signal of a housing market recovery. The richest seams of housing market activity are concentrated around those with access to cash and finance, with a strong bias to the south and London in particular. Even within regions there are micro-market hotspots where demand from those that can buy and the confidence and momentum it engenders are helping to push asking prices to new record highs. It’s a somewhat perverse state of affairs for many of the mass-market not deemed as mortgage-worthy by the lenders that, at a time when many aspiring buyers are excluded, the national average price of property coming to the market is at an all-time high`.<BR><BR>The rise in new seller asking prices of 2.9% (£6,798) this month is the highest recorded in the month of April since 2007, five months before the run on Northern Rock. Those that can raise a substantial deposit enjoy historically low interest rates fuelling rising prices in the markets they operate in. The generally more affluent southern regions have all seen more bullish upwards price pressure in the last 12 months compared to the northern half of the country. London leads the way with an annual increase of 7.9%, followed by East Anglia at 6.2%, the South West 3.9% and 3% in the South East. The generally more credit-starved northern regions have all recorded lower annual increases (East and West Midlands, Wales and North) or falls in the case of Yorkshire and Humberside (-0.2%) and the North West (-1.2%).<BR><BR>Both London and the South West have recorded new price peaks this month, surpassing previous records by 2.1% and 2.3% respectively. Also highlighting the better price performance of the south, the two other southern regions of the South East and East Anglia are just £810 (-0.3%) and £2,489 (-1.1%) off their previous peak prices. In contrast, the price peaks in all of the northerly regions (see table 1) were set during 2007, prior to the withdrawal of Northern Rock as a mass-market lender. Current new seller average asking prices in Wales are the furthest adrift, 12.3% (£23,171) down on their previous peak set in August 2007. The regions of Yorkshire and Humberside and both East and West Midlands are also over 10% below their 2007 record highs, with the North region being the closest to its July 2007 peak, but still nearly £10,000 (-5.8%) shy.<BR><BR>Shipside comments: `This is a reflection of the new world where house prices in micro-markets are driven as much by banks’ willingness to lend as by consumers’ desire to buy, making buying aspirations more achievable in the relatively credit-worthy south, and London in particular. Those deciding to sell in the south are looking a lot more confident in their pricing power than their more nervy northern counter-parts. While there are still micro-market hotspots in the north, there are more negative elements to add in to their moving equation, such as employment prospects and lack of equity. Such factors can undermine, or scupper, prospective buyers’ ability and confidence to buy at inflated prices. More potential buyers in the south have the virtuous circle benefits of less economic stress, greater access to equity making them more appealing to lenders, and consequently more confidence to pay higher prices.`<BR><BR>While new sellers in the south are leading the way in terms of price recovery compared to previous peaks, transaction volumes still remain well below pre-credit crunch norms. Nationally, 30% fewer properties were brought to market this month compared to April 2007, and 0.5% fewer than April last year. The South West region, where the average price of properties coming to market has also hit a new high, has the largest year-on-year fall in new property listings, with the number of properties coming to market down 5.5% on April last year. London, the other region to record a new high this month, has actually seen lower fresh property supply compared to the previous month, down by 5%. This is an unusual event as the spring moving season should be gathering pace, with more sellers coming to market not less. The net effect is another new asking price record for the capital. Where prices have risen substantially this has helped those who wish to trade up to benefit from additional equity to shake off their ‘credit-crunch blues’ imposed by the harsh deposit requirements of lenders. The downside is that would be `trader-uppers` in popular locations are currently faced with less fresh choice to tempt them to come to market themselves.<BR><BR>Shipside observes: `Fresh property stock is a bit scarcer this April compared to last, and this is a key factor in providing a price floor for spring prices to springboard from. This is the strongest price-bounce Rightmove has ever recorded for the first four months of the year. New sellers are setting asking price records in the fresh-stockstarved London and South West regions, and agents report this is also the case in micro-markets in other regions where a shortage of fresh stock is coinciding with the traditionally more active spring market. However, local market conditions vary considerably. So, while the overall prospects of a seller achieving a record price are higher in London and the South West, doing your research on your own local micro-market is essential to gauge what type of property is in demand, how quickly it is selling and how close to the asking price is being achieved. Buyers scour the market looking for the best value, and can easily spot properties that are out of line. The tightening of the stamp duty noose will cause some price machinations, especially for the higher priced thresholds where the tax-take really starts to bite`.<BR><BR>Mon, 16 Apr 2012 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001136http://www.ableestates.com/newsdetails.aspx?ID=10001137The Office of Fair Trading (OFT) has finally given clearance for the proposed merger between Digital Property Group and Zoopla to go ahead. The transaction is now expected to complete within the next few weeks, said the two businesses in a joint statement, `and will create a credible alternative to current market-leader Rightmove and deliver enhanced value to the businesses’ estate agent and developer members across the UK`. <BR><BR> <BR><BR>Evidence received by the OFT during its investigation found that the merger would not result in reduced competition and consequently did not warrant reference to the Competition Commission for further investigation. However, the decision is very overdue, and had been expected on March 1.<BR><BR> <BR><BR>There is more than a hint that a price-cutting war could follow the merger, with the two companies stressing that it will be a big win for agents.<BR><BR> <BR><BR>In their joint statement, Digital - which publishes FindaProperty and Primelocation - and Zoopla said: "The merger, once completed, is set to be a big win for consumers and advertisers alike, with far greater coverage of property listings and an unrivalled consumer audience across the UK. The combined business will be in a position to offer an enhanced product to its users and superior value proposition to its members." <BR><BR> <BR><BR>It is not known who will lead the new merged firm, but the Daily Mail`s Digital Group is due to have the larger stake. Zoopla, however, has made considerable growth in recent months. Both lag Rightmove by some way, with Rightmove claiming a market share in the region of 84%.<BR><BR> <BR><BR>Alex Chesterman, founder and CEO of Zoopla, said: "We have always been firmly of the view that this transaction is pro-competitive and is good news for both our users and customers. We are glad to be in a position now to be able to get on with the business of making the proposed benefits a reality. We have much work to do to integrate our businesses and are looking forward to the opportunities ahead.`<BR><BR> <BR><BR>Mark Milner, CEO of the Digital Property Group, said: "Yhis is an important day for the industry, given the long-awaited balance in the market that this deal will deliver. It has been a long time coming and the enhanced value that the combined business will provide will make this deal a clear win for UK estate agents, letting agents and housebuilders.`<BR><BR> <BR><BR>`Martin Morgan, chief executive of DMGT, said: "We are delighted that the merger has been approved. We now have the opportunity to challenge the market leader in the online property sector, to the benefit of both consumers and clients`.<BR><BR>Mon, 16 Apr 2012 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001137http://www.ableestates.com/newsdetails.aspx?ID=10001138Lending to both first-time buyers and home movers increased in February with first-time buyers taking the bigger increase, according to latest figures from the Council of Mortgage Lenders.<BR><BR>14,100 loans worth £1.7 billion were taken out by first-time buyers, up 8% by number and 6% by value from January and up 18% by number and 21% by value on last February.<BR><BR>Home movers took out 22,500 loans worth £3.7 billion, a 2% increase in number and a 3% increase in value from January and a 16% increase in number and 19% increase in value from February 2011.<BR><BR>House purchase lending rose in February. 36,600 loans (worth £5.4 billion) were taken out, up 4% by number and 2% by value from January and up 17% by number and 20% by value from February last year.<BR><BR>Remortgaging continued to decrease in February. £3.3 billion was advanced, a 6% fall compared both to January 2012 and February 2011.<BR><BR>For the first time since April 2011, there was an increase in the proportion of income first-time buyers spent on mortgage interest payments, from 12.1% in January to 12.5% in February. This is likely to reflect a combination of factors including an increase in average first-time buyer income multiples (from 3.19 to 3.23) and a modest increase in some borrowing rates. This still leaves mortgages for first-time buyers much more affordable than as recently as 2008, when first-time buyers on average spent 19.6% of their income on mortgage interest payments. First-time buyers borrowed on average 80% of their property’s value in February, unchanged in over a year.<BR><BR>Since the summer of 2011, more than 95% of first-time buyers have taken out repayment loans and February`s proportion was 96%, unchanged from January. Repayment loans to new home movers and remortgagors also increased in February from 81% to 82% for home movers and from 76% to 77% for those remortgaging.<BR><BR>51% of first-time buyers bought properties priced between £125,000 and £250,000 in February, up from 49% in January. February was the last full month of the stamp duty concession although next month`s data is expected to bring a further rise in first-time buyer numbers as they moved to beat the 24 March deadline.<BR><BR>CML director general Paul Smee said:<BR><BR>"It is encouraging to see the continuing year-on-year improvement in house purchase lending. However it is not yet clear whether the end of the stamp duty concession will lead to a falling off in first-time buyer numbers and how much this may be offset by the government`s NewBuy scheme, available to all buying a new build property."<BR><BR>David Newnes, director of LSL Property Services said: `Much of the rise in lending to first-timers will be put down to the rush to beat stamp duty which has undoubtedly contributed strongly to the spike in February. But the increasing value of loans over the year indicates there may be more to the growth in first-time buyer lending than a mad rush to beat the taxman. Loans only increased by 2% in value in February, while the increase over the year since February 2011 was ten times larger. Although the growing funding costs of banks has put high LTV lending under strain in recent months, over the longer term, conditions for first-time buyers have seen modest improvement. That’s why the return of stamp duty in this vital part of the market is potentially dangerous. We will have to wait until April’s figures to assess how much damage stamp duty is doing at the lower end of the market`.<BR><BR>Tue, 17 Apr 2012 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001138http://www.ableestates.com/newsdetails.aspx?ID=10001139<BR><BR>Two London mayoral hopefuls have come up with housing strategies in their manifestos.<BR><BR>Brian Paddick and Siobhan Benita have both unveiled plans that would effectively cut private rents throughout the capital.<BR><BR>Ken Livingstone and Boris Johnson have also put housing at the centre of their manifestos. Livingstone would, if elected, set up a not-profit lettings agency for private landlords and tenants.<BR><BR>LibDem Paddick has pledged to build 360,000 new homes in the next ten years if he is elected, and introduce a ‘living rent’ whereby Londoners would pay no more than one-third of their net salary on rent.<BR><BR>He says that currently tenants in the social rented sector spend 37% of their income on rent, while private rented households spend more than half of their pay on housing costs in 22 of London’s 33 boroughs.<BR><BR>Independent candidate Benita would create a new department called Homes for London which would be responsible for implementing her policies.<BR><BR>She would create a fixed-price housing market built on council-owned land. The land would be given to developers, but homes built on it would have to be sold into a regulated housing market controlled by Homes for London. These would be sold or let at around half the market rate.<BR><BR>She would also set up a ‘mayor’s lettings MOT’ to improve standards in the private rented sector.<BR><BR>Thu, 19 Apr 2012 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001139http://www.ableestates.com/newsdetails.aspx?ID=10001140A new service has launched allowing agents not only to see how their vendors and landlords rate and comment on each part of their customer service, but also to gain greater insight into the cost-effectiveness of each element of their marketing.<BR> <BR>Unlike the controversial ‘TripAdvisor-style’ review sites, Agency Intelligence does not publish feedback on any website.<BR><BR>Instead, it provides subscribing agents with PDF reports for them to publicise or use internally as they wish.<BR> <BR>Agency Intelligence works by emailing the agent’s past six or 12 months of vendors and/or landlords, asking them to complete a series of questions online.<BR><BR>Because it does not therefore rely on clients being sufficiently happy or unhappy to have the motivation to seek out a review site, Agency Intelligence aims to provide a more representative sample of clients’ views.<BR><BR>A respondent can only complete a questionnaire once, and only following an emailed invitation – minimising the chances of the results being skewed by an agent giving himself a blanket 5/5 or a competitor giving 1/5.<BR> <BR>The agent’s PDF report shows over 20 client-friendly graphs, summarising satisfaction with each part of their service – from satisfaction overall and with price achieved, down to the level of communication and professionalism. Agents will also be able to see how their results compare against the average of the other agents taking part.<BR> <BR>Founder Charlie Snell said: `We’ve been beta-testing Agency Intelligence for a while now and offer a service that not only provides agencies with a valuable, independent way to measure and demonstrate their service, but also gives them greater clarity over the effectiveness of their marketing expenditure, and help in planning their marketing budgets.`<BR><BR>Fri, 20 Apr 2012 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001140http://www.ableestates.com/newsdetails.aspx?ID=10001141For one in four people, having trustworthy neighbours is the key to feeling most secure at home, according to the latest Association of British Insurers consumer survey.<BR><BR>But the findings highlight that many homeowners are needlessly putting themselves at risk of financial disaster by overlooking basic security precautions.<BR><BR>To help homeowners protect themselves, the ABI has produced a guide on home insurance and some answers to common home insurance questions.<BR><BR>Nearly three in ten people admit to leaving doors unlocked and windows open when going out briefly, despite the fact that the survey showed 42% of people recognise the importance of good locks.<BR><BR>With 36% of all burglaries being opportunistic, failing to secure doors and windows is an open invitation to thieves, particularly as we approach summer. And with an estimated quarter of households admitting to having no contents insurance at all, mistakes like these could leave people footing a hefty bill.<BR><BR>The two new ABI guides offer advice on how to ensure you buy the right amount of cover and clearly set out what is covered by standard buildings and contents insurance and options people can pay extra for, such as accidental damage cover. The ABI has also produced a home security guide providing advice such as what to do if you are leaving your home unoccupied for a long period and how this might affect your insurance. <BR><BR>Nick Starling, Director of General Insurance at the ABI said: "While it can be reassuring for householders to have neighbours they can trust, this alone cannot substitute the value of sensible home security measures. Common mistakes, such as leaving doors unlocked and windows open, could invite thieves, putting your possessions at risk. And with one in four households without contents insurance, homeowners could be left footing a big bill to replace valuables.<BR><BR>"Following sensible security measures and ensuring your property and its contents are adequately covered are the wise steps people should follow to protect their homes."<BR><BR>Fri, 20 Apr 2012 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001141http://www.ableestates.com/newsdetails.aspx?ID=10001142People WILL be able to opt out of having their EPCs made publicly available on the national database.<BR><BR>Yesterday, the national EPC register run by Landmark, the private firm owned by the Daily Mail, went public amid fears that it would be a snoopers’ charter – enabling anyone to search for EPC information using a postcode.<BR><BR>But in what looks like an extraordinary U-turn, the Communities and Local Government Department has very quietly announced that anyone with an EPC can opt out of making it publicly available for data searches.<BR><BR>The announcement was so quiet that Mike Crompton, corporate communications officer of trade body the Institute of Domestic Energy Assessors, said his own industry was unaware of it: `They’ve sneaked this in under the radar – the reason being that they don’t want anyone to know about it. But people should.<BR><BR>`Why should they be inundated with calls from double-glazing firms simply because they’ve put their house on the market? We have been worried about vulnerable clients.`<BR><BR>IDEA is advising all its members to let property owners know they can opt out of the national database. Crompon said: "We are concerned that there are significant security issues: an EPC might say that a property has 90% double glazing which would suggest to a crook that there is a weak entry point somewhere."<BR><BR>The opt-out is at odds with the uncompromising requirement by CLG that all domestic EPCs must carry the full addresses of the property and cannot be redacted – a major concern for agents for vulnerable clients such as elderly people, or where properties are lying empty.<BR><BR>Yet, despite the clause allowing opt-out from the EPC database, agents will still be required to attach the front page of the EPC, complete with full address, to all property particulars, including those that appear online, for example on Rightmove.<BR><BR>The database opt-out clause has apparently not been publicised to anyone, with even EPC suppliers unaware of its existence. One said that making the public database go live on a Sunday, complete with the opt-out clause, was simply the CLG ‘burying’ its own bad news.<BR><BR>It appears in a pdf document on the CLG website. Despite EAT’s continued requests to CLG for updates, our attention was never drawn to this. A tiny handful of industry providers were apparently sent website links that did not work properly, but others, including Crompton`s own industry body, were kept in the dark.<BR><BR>The opt-out link late last week was also sending out security warnings when EAT tried to use it.<BR><BR>According to sources, CLG are embarrassed about the opt-out clause and still hoping to keep quiet about it, since if everyone knew about it, there could be opt-outs on a massive scale – leaving the whole idea of a searchable public register in tatters.<BR><BR>In the same note about the opt-out, CLG promotes the idea of a public register, saiying: `The register represents an extremely valuable source of information about the energy efficiency of buildings, and the benefits of making use of the data have made it desirable to widen access.`<BR><BR>It says that individuals can look up EPCs for free, and can compare individual properties, whilst ‘authorised’ organisations such as Green Deal providers, local councils, universities and government departments can have bulk access to the data and use if for marketing and research purposes.<BR><BR>Opting out looks to be straightforward and can be done by virtually anyone – owner, landlord, tenant or ‘representative’ – with seemingly no checks.<BR><BR>It simply requires people to define their relationship with the property, file their own names and email addresses, plus the address and postcode of the property concerned, plus its RRN – the Report Reference Number of the EPC itself.<BR><BR>Opting out is also mentioned in passing in a new privacy impact assessment of making EPCs public – also made quietly available on the CLG website.<BR><BR>Organisations – for example, insulation firms – will be allowed to write to someone whose contact details have been obtained from the EPC register up to three times. If they do not get a reply, they must delete the person’s contact details from their database. How this will be policed is not clear.<BR><BR>The latest EPC documents are available via the link. The reference to the opt-out is on Policy Update 4, page 6. (This link is once again proving unreliable, but should work if you paste it in to your browser.)<BR><BR>http://www.communities.gov.uk/publications/planningandbuilding/changesenergyperformance<BR><BR><BR>Mon, 23 Apr 2012 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001142http://www.ableestates.com/newsdetails.aspx?ID=10001143<BR><BR>More than half of landlords can no longer afford to rent to housing benefit tenants because of cuts to allowances, with seven in ten saying they will not have housing benefit tenants in three years’ time.<BR> <BR>The claim has come from the National Landlords Association after it surveyed its members.<BR><BR>The survey showed that 53% of landlords believe Local Housing Allowance cuts have made it unaffordable for them to rent to those on benefits.<BR> <BR>Nearly half of landlords (46.9%) believe tenants aged under 35 will be hit hardest by the changes and almost 69% of landlords say they can’t see themselves letting to LHA tenants in 2015.<BR> <BR>The LHA cuts have seen maximum rent benefit payments reduced to the 30th percentile of local average market rents rather than the previous 50th percentile. <BR> <BR>The age at which a tenant on benefits qualifies for any more than a single room in a shared house has also been raised from 25 to 35, forcing many more people into shared accommodation.<BR> <BR>David Salusbury, NLA chairman, said: `It’s concerning that so many landlords appear to be planning to withdraw from the LHA market within just three years, as they can no longer afford to let their properties to tenants at the reduced benefit rate.<BR> <BR>`In view of the pressures on housing, the private rented sector will inevitably play an increasingly important role in providing housing to LHA tenants, particularly those aged under 35, who aren’t able to access other housing.<BR> <BR>`It is vital that local authorities work with landlords to provide the support services needed to help this demographic, as many are forced to move into shared accommodation.`<BR><BR>The NLA also reported that three-quarters of its members have not been approached by councils about reducing rents in return for direct payment of LHA.<BR><BR>The survey shows that just 25% of landlords have been approached by their local authority to reduce rents.<BR><BR>David Cameron drew criticism earlier this year when he claimed in the Commons that rents were falling as a result of the welfare reforms.<BR><BR>Landlords who voluntarily drop their rents can do so in return for direct payments of LHA.<BR><BR>Salusbury said: `They have the discretion to make LHA payments direct to housing providers, but our research shows that only 25% of local authorities are currently speaking with landlords.`<BR><BR>Tue, 24 Apr 2012 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001143http://www.ableestates.com/newsdetails.aspx?ID=10001144We are looking for an experienced Full Time Negotiator to work in our busy Northumberland Heath/Erith branch. Experience in both Sales & Lettings is essential.<BR><BR>Full driving licence required / Good salary tailored to experience.<BR><BR>Please contact Dawn or Suzannah on 01322 400222 or email CVs to: nhsales@ableestates.com <BR><BR> <BR><BR>Tue, 24 Apr 2012 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001144http://www.ableestates.com/newsdetails.aspx?ID=10001145<BR><BR>People are growing in confidence about the housing market, two new surveys have claimed. A third survey separately pinpoints growing optimism among first-time buyers.<BR><BR>Halifax said this morning that 39% of respondents to its ‘Housing Market Confidence tracker’ poll believe house prices nationally will increase next year – almost double the proportion that believe they will go down.<BR><BR>A similar poll by property portal Zoopla says that 67% of British home owners expect house prices to rise over the next six months. The average property price across Britain is expected to rise 3.9% between now and October.<BR><BR>The Zoopla poll also says that people are now finding it easier to get a mortgage than at the end of last year, with 17% saying availability has improved. However, in the Halifax poll, 25% think that lack of mortgage availability is a major obstacle to home buying, and 45% think that raising a deposit is a serious problem.<BR><BR>Both the Zoopla and Halifax polls report highest confidence among home owners in London, where house prices are expected to rise by 5.5% in the next six months, according to Zoopla.<BR><BR>The Halifax survey says that most people still think of it as a buyers’ market: 55% think now is a good time to buy, more than double the 24% who believe it is a good time to sell.<BR><BR>The Halifax poll also finds that nearly two-thirds of people (61%) are worried about job security, citing this as the major potential threat to the housing market.<BR><BR>In the third poll, from the Post Office, aspiring first-time buyers were asked about their plans. Of those who plan to buy within the next five years, 14% expect to buy this year, and 22% next year.<BR><BR>Almost half (45%) are confident of being able to fund the deposit themselves by saving up, while 16% will get help from their parents and the same proportion plan to use the Government’s FirstBuy scheme.<BR><BR>Wed, 25 Apr 2012 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001145http://www.ableestates.com/newsdetails.aspx?ID=10001146A significant rise in the number of properties sold in the UK during March is revealed in the latest data from HM Revenue and Customs.<BR><BR>There were 74,000 completed sales during the month - and increase of 11,000 on the previous month.<BR><BR>However, while the increase could be perceived as indicative of the traditional spring bounce, many will point to the end of the stamp duty concession as being the real reason behind the rise as first-time buyers tried to beat the deadline.<BR><BR>The stamp duty exemption for first-time buyers who bought homes valued at between £125,000 and £250,000 ended on 24 March.<BR><BR>Wed, 25 Apr 2012 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001146http://www.ableestates.com/newsdetails.aspx?ID=10001147Positive signals have emerged for the housing market in the first quarter of 2012 with a rise in the number of British homeowners who expect house prices to climb over the next six months.<BR><BR>According to the latest Zoopla.co.uk Housing Market Sentiment Survey, two out of three (67%) British homeowners are confident of house prices rising by the Autumn.<BR><BR>This is the highest proportion of homeowners predicting property price growth since the first half of 2010 and in stark contrast to sentiment at the end of 2011 when only 55% of owners were predicting prices to climb.<BR><BR>In addition to the rise in overall confidence, homeowners are also more bullish now about how much they expect average house prices to rise over the next six months. At the end of 2011, owners expected prices in their local area to increase 2.2% on average. Over the last quarter this has risen to 3.9% - again, the highest price growth expectation in almost two years.<BR><BR>Confidence amongst homeowners in London is at a near all-time high with 82% of property owners in the capital now confident of property price rises over the next six months. And owners in the capital are predicting that house prices in London will grow 5.5% by October. <BR><BR>There has also been an improvement in sentiment towards mortgage financing with an increase in the number of property owners reporting that it is now easier to secure a mortgage than it was at the end of 2011. 17% of respondents believe mortgage availability has improved, up from 11% last quarter.<BR><BR>Nicholas Leeming of Zoopla.co.uk commented: `The property market has been in need of some positive news of late as many indicators have pointed toward stagnant prices. These results show that homeowners now feel a lot more positive than at the end of last year and this confidence could bolster transaction and activity levels as we move further into the year.`<BR><BR>Thu, 26 Apr 2012 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001147http://www.ableestates.com/newsdetails.aspx?ID=10001148Britons are becoming increasingly confident in the outlook for the housing market, according to the latest Halifax Housing Market Confidence tracker.<BR><BR>Over 1 in 3 (39%) of respondents predict that house prices nationally will increase over the next year, almost double the proportion that believe house prices will fall (20%).<BR><BR>Martin Ellis, housing economist at Halifax, commented:<BR><BR>"It is encouraging that the level of consumer confidence in the housing market continues to improve, albeit from a very low base. This is consistent with the broad stability that we have been seeing in house prices nationally in recent months. According to the latest Halifax House Price Index, house prices in the first quarter of 2012 were just 0.1% lower than the final quarter of 2011.<BR><BR>"There is, however, a substantial north-south divide to the improvement in housing confidence which is reflective of property prices in the South currently more resilient than in the North. Overall, we continue to expect little overall movement in prices this year provided that the UK economy does not suffer a pronounced weakening."<BR><BR>Thu, 26 Apr 2012 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001148http://www.ableestates.com/newsdetails.aspx?ID=10001149<BR><BR>The ‘social cleansing’ row over a London council’s apparent attempt to ship hundreds of tenants who would normally be put into private rented accommodation to places as far away as Stoke-on-Trent has intensified.<BR><BR>Newham Council has written to housing associations in other parts of the UK to ask for help with accommodation.<BR><BR>It blamed a combination of high private rents and housing benefit cuts for its move, saying private rented accommodation is unaffordable for families who rely on Local Housing Allowance.<BR><BR>The council has criticised the Government’s decision to cap housing benefit payments at £400 per week for a four-bedroom home, saying there is a huge gap between that and market rents.<BR><BR>The spokesperson added: `Alongside a number of other London councils, we are exploring the option of working with housing associations outside the borough to house people with an immediate need in the private sector.`<BR><BR>But housing minister Grant Shapps said it was blatant electioneering on the part of Labour-run Newham Council, and has written to the BBC – which broke the story – to complain about its coverage.<BR><BR>He complained that the coverage could be causing Newham people real distress, and said that the BBC had been ‘hoodwinked by politically driven scaremongering’.<BR><BR>However, the National Housing Federation said that Newham’s attempts to house up to 500 families away from the capital were just the tip of the iceberg.<BR><BR>It said the ‘desperate move’ by Newham was a consequence of cuts to LHA.<BR><BR>Jacqui McCluskey, director at the umbrella body Homeless Link, said: `Charities warned Government that housing benefit reforms could risk increasing both evictions and homelessness in the capital – something the Department of Work and Pensions own assessment predicted. ??<BR><BR>`Because of LHA caps and a lack of affordable housing, homeless charities are already struggling to find clients private rental accommodation in London. Reports that councils are being left with little choice but to seek housing outside the capital only add to our concerns.<BR><BR>`We are working with our members to see if they have received similar requests from councils. If this is becoming common practice, Government must modify its reforms.<BR><BR>`With more welfare reforms in the pipeline, we must avoid making homelessness worse.`<BR> <BR>Shapps has claimed that there are more than 1,000 properties for rental within five miles of Newham currently advertised on Rightmove.<BR><BR>But there are questions as to how many landlords are now accepting LHA tenants, even if they are happy with the rent levels.<BR><BR>Landlord bodies say that their members are quitting the sector, not just because of caps to the benefit, but because LHA is paid to the tenant, who is then trusted to pass it to the landlord.<BR><BR>There is also a question mark over Newham’s own attitude towards private landlords: the council is attempting to be the first in England and Wales to introduce blanket licensing of every rental property in its borough, effectively regulating all local landlords.<BR><BR>The Residential Landlords Association said the Newham case proved that more needs to be done to help the private rented sector.<BR><BR>The RLA said there is a ‘crisis’ in the London private rental market, with a chronic shortage of rental properties.<BR><BR>Thu, 26 Apr 2012 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001149http://www.ableestates.com/newsdetails.aspx?ID=10001150A new report compiled by Fitch Ratings reveals that achieved sales prices on repossessed properties in Spain are almost half - 48% - lower, on average, than the valuations conducted at the time of loan origination.<BR><BR>The agency has analysed loan-by-loan repossession figures on Fitch-rated Spanish structured finance transactions, the bulk of which relate to homes in Spain. .<BR><BR>Carlos Masip, director in Fitch`s RMBS team in Madrid, told Reuters: `The significant discount of achieved sale prices from initial valuations reflects the distressed property market conditions.`<BR><BR>Senior Masip projects that Spanish property prices will continue to fall, as a result of high unemployment, a lack of mortgage liquidity and a chronic oversupply of properties.<BR><BR>He added: `Downward pressure on values is set to remain as home prices are still high relative to average incomes, credit is in short supply and there is a huge overhang of unsold stock.`<BR><BR>The data analysed by Fitch is made up entirely of property transactions resulting from distressed loans, made up primarily of high loan-to-value ratios at the height of the property market in 2005 and 2006.<BR><BR>"Fitch expects property prices to continue falling, due to the recessionary environment and severe dislocation of the Spanish property market," says Juan David Garcia, senior director and head of Fitch`s Structured Finance team in Spain.<BR><BR>Thu, 26 Apr 2012 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001150http://www.ableestates.com/newsdetails.aspx?ID=10001151An optimistic one in eight prospective first-time buyers say they are hoping to purchase in the next five years, according to research from the Post Office. <BR><BR>Of those who plan to buy their first home within the next five years, almost a quarter hope to achieve this in 2013 with one in seven (14%) expecting to buy in 2012.<BR><BR>The research also reveals the first-time buyers who want to buy and need to raise a deposit, expect to save an average deposit of 16%.<BR><BR>Post Office`s own customer data confirms this, with first-time buyers in 2011 putting down more than 15% on average.<BR><BR>Mike Cook, Head of Mortgages at Post Office, said: "First-time buyers are the life blood of the property market and our research shows that challenging stories about first time buyers and wider economic issues have not dampened aspirations to get on the housing ladder.<BR><BR>"It is also interesting to see that despite the resurgence of 10% deposit mortgages recently, the average first-time buyer is aiming for the cheaper rates available at 15 or 20% deposit - even if it takes that bit longer to save."<BR><BR>Almost half of first-time buyers (45%) say they are confident they can fund the deposit by themselves. The rest are using a variety of ways to build the deposit, including one in ten that are planning to use money from an inheritance.<BR><BR>Cook said: "With the end of stamp duty exemption for homes costing below £250,000, first-time buyers will now have to find the money for stamp duty as well as their deposit. It appears that for the majority of would-be buyers the good old savings account comes to the rescue with the rest receiving a helping hand from family and the Government."<BR><BR>Fri, 27 Apr 2012 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001151http://www.ableestates.com/newsdetails.aspx?ID=10001152Buyers are taking little notice of the house price valuation given in Home Reports – the Scottish version of HIPs.<BR><BR>Only 16% of properties sold in the first three months of this year achieved their Home Reports valuation, says the Edinburgh Solicitors Property Centre.<BR><BR>On average, homes have gone for 6% less than the valuation figure.<BR><BR>It says the average price in Edinburgh during the first quarter of this year was £195,221 – 5.9% less than last year.<BR><BR>The ESPC says that sellers are showing a greater willingness to accept ‘slightly lower’ offers, which has led to a 12% rise in sales.<BR><BR>Wed, 02 May 2012 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001152http://www.ableestates.com/newsdetails.aspx?ID=10001153Analysis of data from Assetz House Price Watch in the first quarter of 2012 reveals that the housing market has had a strong start to the year despite continued economic gloom, with a 3% rise in house prices since the end of last year.<BR><BR>The average price of a home is now £202,017, an increase of £5,864 since December. This is the highest average house price recorded by House Price Watch since July 2008.<BR><BR>The annualised average rate of growth now stands at 10.3% while the three and six month annualised rates of growth are 12.17% and 3.73% respectively.<BR><BR>Stuart Law, Chief Executive of Assetz, said:<BR><BR>`The year has got off to a strong start, with a 3% rise in average house prices in the first quarter as an average of all of the main indices. Whilst there were a number of factors driving the market upwards, such as a rush to complete purchases ahead of the stamp duty holiday being withdrawn, there were also a number of negative factors such as rising mortgage rates that failed to quell the rise in transactions. In fact, HMRC figures showed a large surge in completed sales in March, up 17% in a month, as house buying demand continued to grow.<BR><BR>`Mortgage lending was also up 30% month on month in February. Nonetheless we still have the ‘new normal’ level of transactions, only around half of those in 2007, and we have no expectation that transaction levels will reach those peaks again for many, many years as we move towards becoming a rental society in the UK.<BR><BR>`We feel that our estimate of a 3% rise in UK house prices for the whole year of 2012, which was at the top of the range of forecasts, could be comfortably achieved, regardless of the initial version of the GDP figures released today indicating that the economy is falling slightly again.<BR><BR>`The UK buy to let community is still one of the main beneficiaries of this double dip recession, with the overall depressed mortgage market driving the private rented sector onwards and upwards. We continue to see strong demand from both experienced and first time investors looking to buy in this strong market.`<BR><BR>Wed, 02 May 2012 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001153http://www.ableestates.com/newsdetails.aspx?ID=10001154With continued heavy rain and potential flooding still forecast, home and contents insurer Hiscox has urged homeowners to take some practical steps to help prevent water entering their property and the subsequent damage.<BR><BR>This comes as the Met Office has put out flood warnings for parts of the UK.<BR><BR>Joanne Musselle, Head of UK Claims, said: "The heavy rain could cause severe damage to homes but taking some basic steps can reduce the risks."<BR><BR>Preparation is important to help minimise damage.<BR><BR>Here are Hiscox`s tips to help protect your property:<BR><BR>* Move anything of value including furniture, electrical equipment and valuables (including photographs and sentimental items) to upper floors;<BR>* Prepare an emergency kit in case you are trapped or need to evacuate - this should include blankets, torches, waterproof clothing, food, water, a shovel and a first aid kit;<BR>* If you don`t know, find out how to turn off the electricity supply (in the dark if necessary);<BR>* Make copies of all your important documents and store them in a dry safe place which is easily accessible;<BR>* If there is a known or recurring problem, prepare for flooding by placing sandbags around the perimeter of your house, especially doorways and places where water can easily seep in;<BR>* Relocate your cars to safer areas;<BR>* Prepare a list of important emergency phone numbers, including emergency helplines for your local water company and insurance company<BR>Wed, 02 May 2012 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001154http://www.ableestates.com/newsdetails.aspx?ID=10001155<BR><BR>A number of NAEA members from the Surrey area have met to discuss the rapidly rising cost of listing their properties on the major portals.<BR><BR>Chairman James Wyatt said that five times the normal audience attended after the meeting was held at just a few days’ notice, at agents’ own instigation. And he added that as agents discussed their own rates and dealings with the portals: `We opened a can of worms.`<BR><BR>He said: `At the meeting, around 100 offices were represented, and another 25 or 30 agents would have attended if they could have done. I think it shows the measure of concern in the industry.<BR><BR>`Times are tough for a lot of agents at the moment. After advertising and staffing costs, portal costs will be next on their hit list.<BR><BR>`One agent I spoke to is spending £8,000 a month on portals. Another who was at the meeting said they had pulled all their offices off the Digital portals last month and hadn’t noticed any drop in business.`<BR><BR>He said that both Rightmove and DPG had increased their charges far in excess of the rate of inflation in the last year, and with a flat housing market, some agents are feeling the heat.<BR><BR>Wyatt said: `This meeting was held at the members’ request as double-digit price inflation from the portals is not sustainable in the long term. NAEA members are looking at the alternatives.`<BR><BR>He said that the hot topic of the day was the merger between Zoopla and DPG.<BR><BR>`We are watching closely,` said Wyatt. `The merger is meant to be a big win for consumers and advertisers – the estate agents – but we see this as an opportunity for DPG to increase their prices to Rightmove’s levels and for those two portals to effectively create a duopoly.<BR><BR>`Historically, duopolies tend to lead to market manipulation and price fixing.`<BR><BR>He said that NAEA agents do have their own portal, PropertyLive.<BR><BR>Wyatt added that Surrey members have put a plan in place to market this portal `much more aggressively`.<BR><BR>PropertyLive is due to be revamped shortly.<BR><BR>Wyatt said: `Members are hopeful that PropertyLive will have improved, and we are told that there will be a massively enhanced search engine optimisation. It is a wait and see situation.<BR><BR>`There is a growing belief, or at least wish, that PropertyLive could eventually emerge as a serious player.`<BR><BR>Wed, 02 May 2012 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001155http://www.ableestates.com/newsdetails.aspx?ID=10001156Here Richard Barber and Lucy Morton of London estate agency W A Ellis comment on the state of the Prime Central London property market for sales and lettings:<BR><BR>Richard Barber, partner in residential sales: `April has proved to be a month of conflicting information and mixed messages.<BR><BR>"According to Findaproperty.com, London has experienced a 5.4% rise in asking prices over the last quarter, and data from Lloyds has suggested a 5% rise in the number of transactions in houses over £2m in 2011 to 1,518. Savills, however, has predicted that the market for the rest of 2012 and the first quarter of 2013 will be flat, rising again in 2014 and 2015. <BR><BR>`In our experience, the market in general seems to have retained its impetus – we have had at least three instances of properties going to best bids over the last three weeks, although it would seem that there is a little more supply coming to the market. The busiest price level is, of course, beneath the £2m watershed whilst we contend with the speculation and fallout from the Chancellor’s budget which is still fresh in all property owners’ minds. Although we have heard of several schemes to mitigate exposure to the increased level of stamp duty and potential 0.7% annual charge, it would appear that many potential purchasers previously using these vehicles are now electing to purchase in their own names or that of a family member. It will undoubtedly be some months before the government’s consultation paper has been fully digested and there is some clarity on the potential impact of the Chancellor’s new measures.`<BR> <BR>Lucy Morton, senior partner and head of lettings: `The Prime Central London lettings market is seeing the impact of the recession (announced last week), as the city is not employing the normal influx of expats, so we have less tenants coming into London. Prime Central London rents reportedly dropped for the 6th consecutive month in March, but it is interesting to note that they are still higher than this time last year, and certain types of property are still commanding a premium. In particular, family houses, due to the tremendous shortage of stock on both the sales and lettings market. Unless current tenants give notice to vacate in the summer, we believe new families arriving to London will struggle to find suitable homes. Indeed, we have recently acted for one family who have rented two flats in Lennox Gardens as they were unable to find a suitable house. We have agreed a letting this month on a substantial family house at £20,000 per week and we are noticing that some houses which have been sticking on the market due to impediments such as adjacent building works, are now letting. <BR> <BR>`Since the Budget, I have been inundated with calls from our overseas clients questioning the impact of the increased Stamp Duty on their investment as many own their properties in off-shore companies or as ‘non-natural persons’. We are all eagerly awaiting further news on this from the Government as the uncertainty is causing concern and some foreign investors are putting further investment into property on hold until they receive clarity on this levy.<BR><BR>`That said, we may well see an influx of French investors and tenants if Francois Hollande is elected President on 6th May. He plans to raise upper income tax to 45%, bring more people under the annual wealth levy, and introduce a hotly contested 75% super tax band for anyone whose annual income exceeds £1million. London is already a favourite destination for the French with the Lycées brimming full, so it will be interesting to see the result of the election.<BR><BR>`This month sees the end of our financial year, and I’m very pleased to report that our lettings income has increased by more than 25%, year on year. This is due to our increased market share, the efficient systems we have in place, and the quality of our instructions and tenant base.`<BR><BR>Wed, 02 May 2012 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001156http://www.ableestates.com/newsdetails.aspx?ID=10001157The UK housing market showed continued signs of improvement during April according to the latest figures from "For Sale" board company Agency Express`s Property Activity Index.<BR><BR>Month-on-month data for April 2012 shows that nationwide residential property sales increased by 9.5% - the third consecutive monthly increase.<BR><BR>Meanwhile new "for sale" listings also rose by 13.3% compared to March - the fourth consecutive monthly increase.<BR><BR>Given a longer-term perspective, new "for sale" listings during April were the highest since May of last year and the second highest since August 2010, while "sold" properties achieved the highest monthly volume since February 2010.<BR><BR>Of the 12 UK regions covered within the Index, 10 saw month-on-month increases in new listings during April, compared to March, whilet 11 regions saw increases in properties sold. For both categories, figures were also reassuringly positive when comparing performances for April with those of April last year. <BR>Specific high-flying regions for new listings were Wales (up 17%), the South West (up 18.9%), Scotland (up 25.8%) and the South East (up 33.4%).<BR><BR>For sold properties, the best regional performers in April followed similar lines with the South East (up 19.4%), Scotland (up 20.5%), the South West (up 29%) and Wales (up 85.4%).<BR><BR>Monthly comparisons of new "for sale" listings for individual towns and cities in April, saw the nation’s hot-spots as Cardiff (up 32.2%), Glasgow (up 33.4%), Cambridge (up 37.1%) and Exeter (up 43.7%).<BR><BR>Market leaders in terms of sold properties were Norwich (up 50.7%), Carlisle (up 55.2%), Cambridge (up 62.3%) and Newcastle (up 67.9%).<BR><BR>Agency Express Managing Director Stephen Watson said: "Despite concerns over the impact from the ending of the Stamp Duty `holiday` for first-time buyers and the Government’s `double-dip` recession figures announced last week, the UK housing market remains in good health.<BR><BR>"Our Property Activity Index offers a different view on the market place compared to other indices... it’s a barometer as to what is happening or is likely to happen in the near future, so with the monthly volume of board movements hitting their highest levels in over two years and consecutive month on month growth since the new year, I am optimistic that we will continue to see strong performances throughout 2012."<BR><BR><BR>Thu, 03 May 2012 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001157http://www.ableestates.com/newsdetails.aspx?ID=10001158Here is an important reminder. Landlords and agents are now in the last chance saloon as far as tenants’ deposits are concerned.<BR><BR>That is because the 30-day grace period for AST tenants’ deposits to be protected AND the prescribed information given to tenants is nearly at an end.<BR><BR>The time is up on May 6 – this Sunday.<BR><BR>The deadline is important where there were on-going tenancies on April 6, when the tenancy deposit rules changed.<BR><BR>The new rules do not catch tenancy agreements retrospectively, ie, where the tenancies ended before April 6. But they do catch continuing tenancies where the deposits were not protected and/or where the prescribed information was not given.<BR><BR>Thus, urgent action is required right now for any deposits not protected and any prescribed information not given.<BR><BR>Under the new rules, tenants will be able to bring claims even where their tenancy has ended after April 6, and will be able to do so for up to six years. Be aware that the new rules have been purpose-designed to make it impossible for courts not to impose penalties. <BR><BR>Be aware that if you have a tenancy that started before tenancy deposit rules were brought in at all (April 2007), good advice is to ensure that these old deposits are also now protected. If you are uncertain as to whether the prescribed information was given or given correctly, then serve another copy. As solicitor David Smith says, `if in doubt, protect, protect, protect`.<BR><BR>Thu, 03 May 2012 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001158http://www.ableestates.com/newsdetails.aspx?ID=10001159Over 90,000 people received news on Friday (4th May) on how they will be affected by the new benefits cap - with thousands set to lose their homes.<BR> <BR>The Department of Work and Pensions is writing to more than 90,000 adults (over 67,000 households) in danger of losing benefits when the overall benefit cap is introduced in April 2013.<BR><BR>The letters will be the first time households discover they could be at risk. With 44% of those set to be hit living in social housing, many are already struggling to make ends meet.<BR> <BR>National Housing Federation chief executive David Orr said:<BR> <BR>"The letters will come as a shock to many vulnerable families. The overall benefit cap is a crude measure that fails to reflect the stark differences in housing costs across the country, caused by the desperate shortage of affordable housing.<BR> <BR>`Housing associations want to do everything to help minimise the brutal effects of the cap. But they can only do this when they know who will be affected. We’re calling on councils to share their information soon so housing associations can identify who will need support. With under a year to go before many people start losing their homes, there’s no time to lose."<BR> <BR>The National Housing Federation, which represents housing associations in England, is calling for local authorities – who will know which families may be affected – to share the data sooner rather than later, as social landlords like housing associations have less than a year to prepare tenants for the changes by helping them find work, get financial advice or a new affordable home on their new benefits.<BR> <BR>Councils are being urged to share crucial data on which families may face benefit cuts as warning letters hit doormats on Friday.<BR><BR>Tue, 08 May 2012 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001159http://www.ableestates.com/newsdetails.aspx?ID=10001160Lending for house purchase last year was the lowest for 36 years, the Council of Mortgage Lenders has reported. Buy-to-let lending bucked the trend by showing 40% growth.<BR><BR>The CML also criticised the Government for ‘less helpful’ policies towards the housing and mortgage markets, which it says will increase repossessions.<BR><BR>Martijn van der Jeijden, chairman of the CML, says in his introduction to the CML’s annual report for 2011, that cuts in State support for borrowers in difficulty will put ‘upward pressure on mortgage arrears and repossessions in 2012 and beyond’.<BR><BR>He also criticised the Government’s ‘insistence that its welfare reforms should entail paying housing benefit to tenants rather than landlords’, saying that this would discourage lenders.<BR><BR>Van der Jeijden, who describes last year as ‘challenging’ for the UK economy, borrowers and lenders, is also critical of the FSA’s proposed reforms. He says: `It is clear that we still have a great deal to do to help deliver the right kind of regulatory reform which does not unnecessarily constrain the mortgage market.`<BR><BR>The report shows that there were 508,000 house purchase loans last year, down from 538,000 in 2010 – and the lowest annual total since 1974. Lending to first-time buyers slipped by 2% last year, compared with 2010.<BR><BR>Altogether, says the CML, there were 870,000 properties purchased last year, including cash purchases and buy-to-let.<BR><BR>Buy-to-let lending was the only sector that grew, expanding by 40% – with £14.1bn advanced, up from £10.01bn the year before. Even so, it remains subdued, and far down on the £45bn buy-to-let loans in 2007. Altogether, there were 124,000 buy-to-let loans last year, a 32% increase in number on 2010.<BR><BR>Remortgaging also grew, up by 18% to reach £46.7bn.<BR><BR>The CML’s annual report also criticises the European Commission for trying to impose its directive on credit agreements relating to residential property on the UK market.<BR><BR>It calls the Commission fundamentally misguided in its attempts to create a single mortgage market in Europe. Under the directive, buy-to-let mortgages would be treated like ordinary residential mortgages and assessed on the borrower’s income, but not on rents. The CML wants buy-to-let lending to remain outside the scope of regulation for the home-ownership market.<BR><BR>Tue, 08 May 2012 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001160http://www.ableestates.com/newsdetails.aspx?ID=10001161The Chartered Institute of Housing (CIH) has welcomed the Communities and Local Government Select Committee report which highlights the need to address key issues about future housing finance.<BR><BR>Gavin Smart, CIH director of policy and practice, said:<BR><BR> `The future operating environment is going to be all about the economy and its impact on housing. There is a crucial debate to have, which encompasses the whole housing system - including private developers and fiscal (tax) levers - about financial models and making sure that we have a housing system that delivers in the longer term. CIH will be leading this debate at Housing 2012 in Manchester.`<BR><BR>We are really pleased that the points we made when we gave evidence are present throughout this report; the operation of the council housing finance system, the future of funding for affordable housing, the future of ALMOs, and the impacts of welfare reform. CIH is very clear that government needs to systematically consider the future of housing finance across the whole housing system. We hope that government will acknowledge and react to this in their response to the Select Committee report.<BR><BR>Wed, 09 May 2012 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001161http://www.ableestates.com/newsdetails.aspx?ID=10001162Households are spending an average 38% of their take-home income on rent, with those in London spending 71%, according to new figures from FindaProperty.com.<BR><BR>Its latest Rental Index, shows the average asking price for renting in the UK is now £868 per month - 1% up on the same time last year, but below the record high of £890 in September 2011.<BR><BR>At present, the average UK household has a net income of £27,242 a year, with those living in rented accommodation spending roughly 38% or £10,416 of this on rent.<BR><BR>This rises significantly for those living in the capital, where the average price for a rental property is 71% (£25,824) of the average London household`s net annual income of £36,384. The average rental household in London spends nearly as much (95%) on their rent in a year as the average UK household takes home.<BR><BR>Last year`s rental price increases appears to have come to an end for the time being with the slowdown driven by the steady or falling price of houses and larger flats. In contrast, the rental asking prices of studios and one and two bedroom flats are at an all-time high, creating a tough rental environment for tenants seeking smaller, more affordable accommodation.<BR><BR>Samantha Baden, property analyst at FindaProperty.com, said: "Average rental prices peaked in September of last year but have come down since then, most likely as a result of more properties coming onto the market.<BR><BR>"Overall, rental supply increased in the first quarter of the year, especially for bigger properties. In contrast, smaller homes remain in limited supply and as a result, individuals and couples are still facing record asking prices for smaller flats and therefore spending a significant proportion of their overall household income on this.<BR><BR>"This is particularly pertinent in areas like London where demand is high, which is why tenants looking for more affordable rental property should consider the impact of location as well as size."<BR><BR>Fri, 11 May 2012 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001162http://www.ableestates.com/newsdetails.aspx?ID=10001163<BR>House price optimism is at its highest for seven quarters, Rightmove’s latest quarterly Consumer Confidence Survey of over 40,000 home-movers finds.<BR><BR>More than a third of respondents (35%) expect house prices to be higher one year from now, the highest level since the third quarter of 2010.<BR><BR>The survey also finds that the proportion of those expecting house prices to be lower in 12 months’ time is also at its lowest level (20%) for seven quarters.<BR><BR>Miles Shipside, director at Rightmove, comments: `While the most common view remains that property prices will be about the same one year from now, this is the most upbeat price forecast Britain’s homemovers have delivered in nearly two years. Confidence plays an important role in motivating those who can afford to buy to actually go ahead and transact. By self-selection, many of them are hunting in the same better-heeled locations which in turn builds greater momentum and price rise expectation in these more affluent areas. Conversely, lower levels of activity in less well-off areas spreads negative sentiment fuelling falling price confidence.`<BR><BR>Respondents were asked to explain the main reason for their price predictions and, interestingly, mortgage-related issues feature prominently in both the price optimist and price pessimist camps. Among price-optimists, 35% report an improving mortgage market and a further 14% identify continued low interest rates as the main reason for their view that prices will be higher 12 months from now.<BR><BR>Mortgage-related concerns are even more prevalent amongst price pessimists with nearly two-thirds (64%) collectively citing the following reasons for their negative price outlook: little or no improvement in mortgage availability (33%), high deposits required by lenders (16%) and fear of interest rates rising (15%).<BR><BR>Shipside comments: `The mortgage market continues to occupy home-movers’ thoughts and there is evidence here that house price confidence is steered by their interpretation of mortgage availability. How you read it, which probably depends on whether you are ‘included’ or ‘excluded’ as mortgage-worthy by the lenders, seems to determine what you think will happen to prices. Those with larger deposits will naturally have a more positive interpretation of access to finance and, therefore, prices.` <BR><BR>Half of those intending to buy in the next 12 months state that finding a suitable property to buy is their single biggest concern. This has risen consistently from 36% two years ago and 44% a year ago to 50% now. Rightmove has previously reported that fresh property choice coming to market remains subdued at around 35% below 2007 pre-credit-crunch levels. The most active buyer markets tend to be those where the cash-rich wish to live, leading to suitable property shortages and rising prices.<BR><BR>Shipside, observes: `Those looking to buy this year say their biggest concern is finding a suitable property to buy. This is leading a big chunk of those at the sharp-end of the property market to forecast higher prices as the lack of suitable choice will encourage them to pay a bit more to secure the right home when they find it. Those who can proceed will often be competing in the same locations as other deposit-rich buyers which could lead to increased rivalry for the most appealing properties.`<BR><BR>One of the features of this downturn is that property prices have held up or recovered better than many anticipated. This has not aided a return to the levels of affordability seen in previous downturns, which has been one of the factors in keeping sales transaction volumes muted. Indeed, nearly half (46%) of those surveyed state they felt property prices in their local area are above fair and reasonable levels.<BR><BR>Shipside adds: `In spite nearly half of people stating they think property prices are top heavy in their local area, the overwhelming view is that property prices will be the same or higher in a years’ time. Those that are active in the market are perhaps looking in the better areas so their view is likely to be influenced by more buoyant conditions in cash rich locations. The less active deposit-poor areas will be those where prices will have to be dropped if a seller is keen to sell.`<BR><BR>Fri, 11 May 2012 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001163http://www.ableestates.com/newsdetails.aspx?ID=10001164One third (34%) of properties currently for sale have been reduced in price since first coming on to the market, says property portal Zoopla. But the proportion is down from 37% in February.<BR><BR>The average discount is £19,012, or 7.5% of the original asking price – £500 less than in February.<BR> <BR>The portal estimates that £2.9bn has been knocked off current asking prices in total, with £1.3bn in reductions in London alone. <BR> <BR>Newcastle tops the list of places where the biggest discounts are currently being offered by sellers with average reductions of 11.1% (£22,151). Sellers in Liverpool have also made large concessions, knocking 9.2% (£14,031) off their original asking prices on average.<BR> <BR>Rotherham has the highest proportion of discounted properties for sale, with 43.9% of sellers having cut their asking prices at least once. Other areas with a high proportion of asking price reductions include Swansea (42.5%) and Barnsley (41.6%).<BR><BR>* Yesterday, Zoopla announced it has acquired UpMyStreet, one of the longest-standing property information websites, for an undisclosed sum. Launched in 1998, UpMyStreet was one of the first property websites in the UK, carrying local information about places to live.<BR><BR>With immediate effect, users of UpMyStreet will be re-directed to Zoopla. The acquisition will be added into the mix when Zoopla’s own merger with the Digital Property Group completes – expected within the next few weeks.<BR><BR> <BR><BR>Fri, 11 May 2012 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001164http://www.ableestates.com/newsdetails.aspx?ID=10001165<BR><BR>Although values will fall marginally this year, house prices will start to rise again next year and could increase by as much as 8% over the next three years.<BR><BR>The forecast has come from property consultancy CBRE, which also says that prime central London will continue to outperform the wider housing market, with values increasing by 6% this year and by 22% over the next three years.<BR> <BR>Jennet Siebrits, head of residential research at CBRE, said: `Despite the market being characterised by monthly fluctuations, the longer-term outlook for the housing market is fairly static. We don’t expect it to pick up until the economy fundamentally improves.<BR><BR>`Low interest rates are continuing to stave off repossessions and forced sales, but a substantial proportion of would-be buyers remain unable to move. Ultimately, bank lending still needs to loosen further to spur on housing market activity.`<BR> <BR>The firm did raise its concerns over the new 15% Stamp Duty rate for ‘non-natural persons’ buying property over £2m, but said it was less worried by the hike to 7% for individuals buying at this threshold.<BR><BR>Siebrits said: `Property prices in prime central London have increased by 30% over the last two years, so the additional expense incurred by the introduction of the new 7% rate has to be viewed within the context of the significant and ongoing price rises in high-value homes.<BR> <BR>`However, the new regulation designed to prevent overseas buyers avoiding Stamp Duty Land Tax could have unintended consequences as it also captures UK domiciled companies.`<BR><BR>Fri, 11 May 2012 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001165http://www.ableestates.com/newsdetails.aspx?ID=10001166<BR><BR>The number of repossessions in the first quarter of 2012 was 9,600, the same as in the first quarter of 2011, breaking the recent trend of year-on-year increases in repossessions, according to the Council of Mortgage Lenders.<BR><BR>Repossessions in the first quarter were higher than the 8,700 that took place in the fourth quarter of 2011, but this represents a normal seasonal pattern.<BR><BR>Overall, the repossessions landscape appears stable for the time being.<BR><BR>Through the first quarter of the year, there was a modest improvement in the total number of mortgages in arrears. The number of mortgages with arrears of 2.5% or more of the outstanding balance fell to 157,800 (1.4% of all loans), down from 160,300 at the end of December 2011 and 170,500 at the end of the first quarter of 2011.<BR><BR>Within the total number of arrears cases, the largest improvements were in the middle arrears bands. Year on year, the number of loans in the 5-7.5% arrears band fell by 12%, and reached its lowest number since the fourth quarter of 2008, while the number in the 7.5-10% band fell by 13% to its lowest since the third quarter of 2008. The only arrears band to show a year-on-year increase was the group of loans with arrears of 10% and over, with the 28,000 loans in this category, 300 higher than a year earlier, representing the highest number since June 2000.<BR><BR>The 45,000 central forecast for repossessions in 2012 may be revised down when the CML publishes revised housing market forecasts later in the summer. However, continuing pressures on household finances, changes to welfare benefits, and an upward drift in mortgage rates all have the potential to disrupt the current stable picture.<BR><BR>Paul Smee, CML director general, comments:<BR><BR>"Combined efforts by borrowers, lenders and money advisers are ensuring that payment difficulties are being managed effectively, with the result that the number of repossessions remains relatively low. Repossession really is a last resort, as the numbers show. Anyone worried about their mortgage should be assured that lenders will try to help them get back on track, as long as this is a realistic prospect."<BR><BR>David Whittaker, managing director of Mortgages For Business said:<BR><BR>`The year-on-year rise in buy to let lending reflects the state of the overall property market. Demand for rental property is as strong as ever as mortgage funds remain out of reach for many would-be buyers and high-street banks remove scores of owner-occupier mortgages from the market. While the overall value of lending fell quarter-on-quarter, this has more to do with stagnant and falling prices rather than a drop in landlord appetite. Indeed, with the residential property investment sector steadily increasing its share of the overall mortgage market and with investors becoming <BR>Mon, 14 May 2012 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001166http://www.ableestates.com/newsdetails.aspx?ID=10001167<BR><BR>Despite the welter of uncertain news about the housing market, optimism among home owners is on the up with more than one third expecting house prices to be higher in 12 months’ time.<BR><BR>Furthermore, nearly half (46%) regard today’s house prices as fair and reasonable.<BR><BR>According to a consumer confidence survey released by Rightmove, the public is the most upbeat for two years.<BR><BR>Those who cite concerns give mortgage-related issues such as mortgage availability and high deposits as one of the main reasons for their views.<BR><BR>But the biggest worry for half of buyers is being able to find a suitable property.<BR><BR>The huge survey of over 40,000 home movers showed that relatively few (6%) are worried about being able to meet mortgage payments. The same proportion is concerned about house prices changing.<BR><BR>Despite the housing slump of the last three years, ambitions for home ownership have not been dented by the recession.<BR> <BR>Meanwhile, separate new research carried out among 2,000 adults for the AA Home Emergency Response service is similarly upbeat.<BR><BR>It reveals that of those who have bought their first home since the 2008 housing peak, 37% feel they can realistically aspire to owning a detached home. <BR><BR>The equivalent figure for those who bought for the first time in the 1970s is 39%, falling to 33% for first-time buyers in the 80s, and 32% for those entering the housing market in the 1990s.<BR> <BR>Aspirations for the size of home have increased: for those buying for the first time since 2008, 22% have set their eyes on a detached house with four or five bedrooms, and 3% expect eventually to own a home with six or more bedrooms, three times the proportion of those getting their first mortgage in the 1980s.<BR> <BR>Both men and women are equally bullish in their belief that a detached home will be within their reach, but it’s the younger generation who are most likely to feel this will be at the upper end of the market: 7% of 18 to 24-year-olds believe they will end up owning a detached home with six or more bedrooms.<BR> <BR>The 1980s is remembered as the decade in which Margaret Thatcher’s Government heavily promoted the benefits of home ownership. However, for a quarter (24%) of those buying in that decade, a terrace home was the limit of their ambitions. <BR><BR>Only 15% of those buying for the first time since 2008 believe their ultimate home will be a terrace, and just 11% believe that the pinnacle of their home ownership will be an apartment.<BR><BR>Mon, 14 May 2012 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001167http://www.ableestates.com/newsdetails.aspx?ID=10001168The private rented sector is poised for growth after one council announced that couples earning over £40,000 a year will no longer be eligible for a council house.<BR><BR>Other local authorities are set to follow Hammersmith & Fulham Council’s landmark announcement, which goes much further than housing minister Grant Shapps’ suggestion last year that people earning over £100,000 should not get a council home.<BR><BR>Hammersmith & Fulham Council is also proposing to give priority to foster parents, ex-services personnel and special constables, together with people in work or training, and those with a local connection.<BR><BR>The council is one of the first to spell out how it plans to implement the Government’s legislation that ends tenancies for life and gives local authorities more flexibility to deal with waiting lists.<BR><BR>The laws, which came into effect last month, stop the practice of allowing those on high incomes to stay in council homes for life and pass them on to their children – but do not set income caps.<BR><BR>H&F’s proposals are likely to be mirrored by councils all over the country as they struggle with a national waiting list of 4m people.<BR><BR>H&F itself has 14,000 council properties but only 500 new places each year and 10,000 people on the waiting list.<BR><BR>??Andrew Johnson, head of housing, said that in future, half of council house allocation every year would go to people in jobs or training or to the special priority groups. At the moment the authority allocates just 15% of its homes to those in work.??<BR><BR>He said: `We have decided to prioritise foster parents, as many people say they cannot take in children because housing is so expensive. If we can do anything to help vulnerable children in care it will be worth it. If we can make more foster places available it will also be a saving on our residential costs.`??<BR><BR>The council has also decided to supply council homes for former Army personnel and special constables because of the ‘dangerous nature of the work they do’.??<BR><BR>Johnson said: `We want to incentivise residents to make the most of their lives.<BR><BR>`Council housing can be a great safety net to help get people back on their feet – but it should be a springboard, not a destination.<BR><BR>`The current system does not promote personal aspiration or provide tenants with any incentive to try to move into home ownership and does not make the best use of the housing we have.`<BR><BR>Tue, 15 May 2012 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001168http://www.ableestates.com/newsdetails.aspx?ID=10001169Since 2002, house prices have more than doubled in half of the seaside towns surveyed in England and Wales, according to latest research from Halifax.<BR><BR>Over the past decade, the average house price in seaside towns rose by 97%, slightly ahead of the 95% increase in the whole of England and Wales.<BR><BR>Martin Ellis, housing economist at Halifax, commented:<BR><BR>"Seaside towns are still very popular places to live. They offer a unique lifestyle that for many can`t be matched elsewhere, with that all important sea view, together with a typically high quality of life and a healthy environment.<BR><BR>"However, seaside living often comes at a price. The majority of seaside towns in Wales, East Anglia and the South West have an average house price that is higher than the surrounding area. But, this is not always the case and good value properties can be found in many seaside towns in the South East and Yorkshire and the Humber, in particular."<BR><BR>Tue, 15 May 2012 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001169http://www.ableestates.com/newsdetails.aspx?ID=10001170<BR><BR>Discontent is spreading in Europe, there is open revolt against austerity. First Greece and now even France, one of the founding members, have fought elections promising to lessen the blow on their beleaguered populations.<BR><BR>Nobody wants austerity, the problem is austerity is essential to the European single currency as we know it, yet governments remain powerless to convince people to take the medicine of cuts to living standards.<BR><BR>This is why the euro has fallen to a three-and-a-half year low against Sterling.<BR><BR>Jon Ainge, Director of ipsbmv.com, said: "The euro is not going to collapse, it simply won`t be allowed to happen, however I think it does have further to fall. €1.30 to the pound, once unthinkable, is now openly talked about.<BR><BR>"Spanish property, already heavily discounted is about to become even more attractive to Sterling buyers.<BR><BR>"Your money is now going to buy more Spanish property than at anytime in the last decade."<BR><BR>The Spanish banks are in denial sparking a fire sale of distressed Spanish property being offered to overseas investors for a fraction of their original cost and with 100% mortgages at just 1.5% above Euribor.<BR><BR>Ainge said: "The opportunity is not in off-plan, key ready developments are already there for the taking."<BR><BR>According to ipsbmv.com, this reflects the banks` desire to control the slowdown rather than accept it, as has happened in countries like Ireland.<BR><BR>Murcia is one location where there is talk of recovery in Spain, yet distressed bank owned properties will remain in this region and it is important from an investment point of view to look at the quality of developments as well as price.<BR><BR>ipsbmv.com said that the construction of the Paramount theme park was now a done deal when £10.8million was invested to start the development and naturally it expects Murcia to thrive.<BR><BR>This coincides with the opening of Murcia`s new international airport this year.<BR><BR>This will bring an additional three million visitors and with Murcia short of 15,000 hotel rooms.<BR><BR>Ainge said: "I can`t think of a better opportunity to invest in some exceptional properties at substantial discounts with the lowest interest rate we are likely to see for the foreseeable future."<BR>Thu, 17 May 2012 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001170http://www.ableestates.com/newsdetails.aspx?ID=10001171<BR>When it comes to selling a home, there are few do’s and don’t`s that will significantly increase the chances of a quick sale.<BR><BR>Harrison Murray have some easy to follow tips, which have been tried and tested among its customers – not least the recent sellers of a Home Counties property that attracted 18 viewings leading to eight offers in just several days!<BR><BR>The independent estate agents and valuers – and National Association of Estate Agent members – suggest:<BR> <BR>- In the first instance, choose your agent wisely. Talk to friends, scour the papers, get recommendations and visit agents to get a feel for their style and professionalism.<BR> <BR>- Don’t necessarily choose the agent that suggests the highest value for your home, or one that offers the cheapest fee. If the fee is so cheap are they really interested in getting you the best price?<BR> <BR>- Put yourself in a buyer’s position and be realistic about your pricing. The memories that make your home so valuable to you aren’t going to be shared by the new owner – they will be thinking about what they will change about the house. <BR> <BR>- Get out and view some properties. Unless you know how much your next home will cost, how can you decide what to accept for your own? Think about the figure you are prepared to accept. Knowing this at the outset will help you to price your home competitively and also make negotiations with buyers more straightforward. Don`t dismiss low offers without thinking them through; a swift sale may save you money in the long run.<BR> <BR>- First impressions count. Look at the way your house is presented both inside and out. A fresh coat of paint can make all the difference. Tidy the front of your house and clean your front door. If you have a front garden make sure it is well maintained.<BR> <BR>- The inside of your house should be as free from clutter as possible, and having a general tidy up will help in preparation for moving. Do all the small jobs you haven`t got around to, such as changing that light bulb and fixing that squeaky door. If a potential buyer is undecided about your property it could be these small things that make the difference between a sale or them walking away.<BR> <BR>Harrison Murray managing director Nick Salmon said: `Getting a property sold is a team effort between the agent and the seller so owners who show they’re sensible and keen to sell will always be at the forefront of the agent’s mind.`<BR><BR>Thu, 17 May 2012 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001171http://www.ableestates.com/newsdetails.aspx?ID=10001172The council aiming to be the first authority in England and Wales where every single private rental property is licensed has announced its first milestone, with the blanket licensing of one complete ward.<BR><BR>All 257 private rented properties in the Little Ilford ward of Newham, London, have now been licensed.??The ward, which has been designated a Neighbourhood Improvement Zone, is seen as just the start by the council. It wants to extend the scheme to cover the whole of Newham. Consultation is currently under way.<BR><BR>In Little Ilford, the council is using the Proceeds of Crime Act legislation to tackle landlords who flout the conditions of their licences.<BR><BR>Sir Robin Wales, Mayor of Newham, said: `It’s a fantastic achievement to reach this milestone, but we certainly won’t be resting on our laurels. We want this to be just the start.<BR><BR>`We will never accept private sector tenants being directly exploited by landlords who force them to live in dangerous and unacceptable conditions. One bad property drags down a whole street.<BR><BR>`Good landlords have nothing to fear from this scheme. For the bad ones, this a clear message they must clean up their act.`<BR><BR>Thu, 17 May 2012 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001172http://www.ableestates.com/newsdetails.aspx?ID=10001173An advert which suggested that people would do better to put their money into bricks and mortar than keep it in the bank has landed an estate agent in trouble.<BR><BR>Aldermartin Baines & Cuthbert, of Bushey Heath, Hertfordshire, ran the advert on radio after getting clearance from the Commercial Radio Companies Association.<BR><BR>The voice-over stated: "The bank may be the safest place for your money, but Aldermartin Baines and Cuthbert estate agents would argue that it`s not the most sensible place.<BR><BR>`If you have cash on deposit in the bank, you may be getting only half a per cent interest on your money and inflation will be working against you by eroding your savings. So, what`s the alternative? Here at ABC Estates we`d like to suggest investing in property, good old bricks and mortar.<BR><BR>`Put your savings in a buy-to-let investment instead and you could generate a 5% return on your investment, maybe more. Inflation would then actually work for you by eroding the value of your mortgage debt."<BR><BR>Three members of the public complained to the Advertising Standards Authority, saying the advert was misleading because it did not make it clear that there were risks associated with investments. Two of the complainants believed the advert misleadingly presented buy-to-let as a low risk investment.<BR><BR>Two of the complainants also challenged whether the advertiser was regulated by the Financial Services Authority (FSA) and, if not, whether the ad was suitable to be broadcast on radio.<BR><BR>Aldermartin Baines & Cuthbert (ABC) told the ASA that they offered many properties that reflected yields of between 7% and 12% but had been guided to suggest a 5% yield, which was very conservative and definitely deliverable.<BR><BR>They had also been very careful to ensure the ad spoke in very general terms and did not guarantee any return or yield. ABC also said that accountants and financial advisers had contacted them and commended them on the advert.<BR><BR>They did not accept that the ad misleadingly presented buy-to-let as a low risk investment. They said the ad did not mention ‘low risk’ but instead focused on the issues of inflation eroding the value of money, either on deposit or as the debt of a mortgage. They said that was entirely obvious and would not be misleading to anyone. Nevertheless, the investments were low risk, because they gave an independent insurance backed rent guarantee.<BR><BR>That meant that if a tenant stopped paying their rent the landlord would receive the rental fee via insurance as well as funds for a legal team to evict the tenant.<BR><BR>ABC said that if a deal was considered risky, banks would not lend on it particularly in the current economic climate.<BR><BR>The Commercial Radio Companies Association said they were happy with the advert. Their view was it had been carefully worded so as not to misleadingly imply that investing in a buy-to-let property was low risk or risk-free.<BR><BR>They said the advert was for buy-to-let property promoted as a buy-to-let `investment`. They understood that buy-to-let property was outside the FSA’s remit because it was an `investment` not felt to be in need of FSA regulation. They did not feel that banning such adverts from radio would be fair or proportionate.<BR><BR>The ASA noted ABC`s and the CRCA`s comments, but upheld all the complaints and banned the advert.<BR><BR>The ASA said the risks involved were not limited to tenants not paying their rent, for example, and felt that the overall impression was that the advert presented buy-to-let investment as an alternative, or a preferable option, to saving.<BR><BR>The ASA considered the advert misleadingly presented buy-to-let investment as low risk and did not make clear the potential risks associated with such an investment.<BR><BR>The ASA noted that buy-to-let property was not regulated but considered the advert nevertheless promoted an investment.<BR>Sat, 19 May 2012 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001173http://www.ableestates.com/newsdetails.aspx?ID=10001174<BR><BR>Countrywide, the UK’s largest estate agent and mortgage broker, has called for the Government to introduce mortgage lending targets.<BR><BR>The call, by financial services director Nigel Stockton, follows warnings from the Bank of England that mortgage rates are set to rise.<BR><BR>The Eurozone crisis is one factor, helping to drive up costs of borrowing for high street lenders.<BR><BR>The Bank warned: `In the absence of falls in funding costs, it suggests that some further increase in mortgage rates is likely as banks seek to restore their margins.`<BR><BR>Some of the biggest mortgage lenders, including Halifax, the Co-op and Yorkshire Bank, have already raised their SVRs. Last Friday, Yorkshire Building Society raised its two-year fixed rate loan from 3.24% to 3.54% and today Ing Direct is raising its two-year fix from 3.29% to 3.49%.<BR><BR>Stockton said that worse is to come.<BR><BR>He said: `Since November last year, lenders have been closely monitoring their sales volumes by imposing stricter lending criteria and new restrictions, making it harder for new borrowers and homeowners looking to move off un-capped SRs to access funds with competitive rates.<BR><BR>`It has been reported that over a million borrowers have already been affected by the recent hikes in mortgage costs and we have seen rates for an average 75% LTV mortgage steadily rise up by the best part of 1%, increasing average monthly repayments by up to £73.<BR><BR>`We would speculate that the continued issues within the eurozone leading to increased wholesale funding and other liquidity issues are all playing a role in preventing the banks from lending.<BR><BR>`With the two largest lenders already declaring their intentions to reduce their market share, it is clear that there is little appetite to increase mortgage lending at a time when millions are looking to fix their rate.<BR><BR>`Without any downward price pressure from central Government and the newly formed Financial Policy Committee, mortgage rates will not come down from the 0.75%-1% increases we have seen over the last six months or so.<BR><BR>`In our opinion, this reinforces the need for the introduction of lender targets from the Government which could be of great benefit to the housing market.<BR><BR>`Those with a larger deposit will still obtain the best interest rates, but the majority of buyers and remortgage customers are now realising that it is much more difficult to borrow or move their mortgage now than it was six months ago.`<BR><BR>Simon Embley, chief executive of LSL, also expressed concerns about the mortgage market. He said the current caution among lenders is likely to intensify.<BR><BR>He said: `It is a lot more difficult for a consumer to get a mortgage today than it was four months ago. The lenders have changed their strategy since the start of the year, from being market share-led to being profit-led.`<BR><BR>* In a trading update, LSL said the housing market is generally subdued. The company reported brisk business in March as buyers rushed to beat the deadline on Stamp Duty, but April was disappointing as a result. Trading so far in May has recovered to normal levels. Shares in LSL, parent company <BR>Sat, 19 May 2012 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001174http://www.ableestates.com/newsdetails.aspx?ID=10001175<BR><BR>Notorious property fraudster David Watmuff has been jailed for three and a half years after stealing from his own mother.<BR><BR>He was sentenced at Newcastle in the name of David Kelso.<BR><BR>He fleeced his 85-year-old mother of over £32,000 shortly after she was widowed. She told the court that she was heartbroken.<BR><BR>He had told his mother that he liked the way she wrote her signature, and asked her to show him how. When he was arrested, his mother’s cards and other banking documents were found in his briefcase, together with a note containing the pin numbers.<BR><BR>When his mother searched her son’s belongings, she found cheque books and a debit card belonging to her late husband.<BR><BR>He was also sent down after admitting a second charge concerning a fraudulent CV which caused a £20,000 loss to the company. He told the firm that he had a PhD, not that he had been in prison for a previous con.<BR><BR>EAT has repeatedly warned about Watmuff over a number of years.<BR><BR>He was behind a scam involving the Prince of Wales’ village, Poundbury, when he siphoned off cash, and was subsequently jailed for seven years. At that trial, where he was charged under the name of David Watmuff, he was branded a ‘Walter Mitty’ – exactly the same phrase used at last week’s sentencing of David Kelso at Newcastle.<BR><BR>In the Poundbury case, Watmuff admitted 15 counts of deception, 11 thefts from off-the-shelf companies, and acting as director when disqualified and deception. He also asked for 88 other offences to be taken into consideration.<BR><BR>After release, Watmuff subsequently appeared at various agents’ offices, including Bairstow Eves in Bath, where he gave the name of David Witchell. It is believed he also used the name Watmill.<BR><BR>Typically, he would pretend to be acting for wealthy clients who wanted to acquire property, although at one stage it is understood he was trying to buy an expensive estate for himself, claiming to be a buyer with extensive funds. In that instance, EAT sent a specific warning to the agents concerned. We also had subsequent cause to warn the agents acting for a property in Scotland.<BR><BR>In the autumn of 2010, Watmuff was jailed again for frauds involving an estate in Oxfordshire. He was released in early 2011, shortly before the death of his father.<BR><BR>Although his latest sentence is for three and a half years, Watmuff spent time awaiting sentencing in custody and pleaded guilty to both charges. It is therefore likely he will be at large again within months.<BR><BR>Agents should note that he is tall, charming, well-spoken and utterly plausible. He has spread his operations over the country, from <BR>Mon, 21 May 2012 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001175http://www.ableestates.com/newsdetails.aspx?ID=10001176<BR>Rents rose for the first time in three months in April, according to the latest Buy-to-Let Index from LSL Property Services.<BR><BR>In April, the average rent in England and Wales rose by 0.5% to £709 per month.<BR><BR>Despite the monthly rise, the rate of annual increase steadied with rents 2.4% higher than a year ago, compared to 2.7% in March.<BR><BR>Rents rose in seven regions of England and Wales on a monthly basis, with the North West and the East of England seeing the largest increases of 1.3%<BR>and 1.1% respectively.<BR><BR>London’s rents rose by 0.7% in April, with the average standing at £1032 pcm, 46% higher than the national average. Rents fell the most in Wales, where they decreased by 1.3% and the West Midlands, where they fell by 0.6% compared to March.<BR><BR>The largest annual rises were seen in London, where rents rose 4.5% in April. The next fastest growth was in the East of England and the South East where rents rose by 2.9% and 2.7% respectively. On an annual basis, rents have fallen in one region, dropping by 1.7% in the East Midlands.<BR><BR>David Newnes, director of LSL Property Services, said: "After absorbing the impact of the stamp duty deadline on tenant demand, the rental market began to heat up in April.<BR><BR>"As fewer tenants rushed to leave the sector, competition for rental accommodation intensified, and rents rose correspondingly.<BR><BR>"Lenders are retreating from higher loan-to-value lending in light of rising funding costs and the economic outlook.<BR><BR>"On top of this, first-time buyers now must save for longer to pay for stamp duty - in addition to finding substantial deposits - making house purchase a more distant prospect for many tenants.<BR><BR>"As a result, tenant demand will only strengthen, providing impetus for rental inflation in the long-term. That said, future rises are likely to be tempered by affordability concerns, with landlords weighing up the prospect of empty properties or tenant arrears against significant rent hikes."<BR><BR>Mon, 21 May 2012 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001176http://www.ableestates.com/newsdetails.aspx?ID=10001177The average property price in the UK is 86 times higher now than in 1952, research by HSBC has revealed ahead of the Diamond Jubilee.<BR><BR>At the start of the Queen`s reign the average property was priced at £1891, compared to an average £162,722 today.<BR><BR>By comparison, retail prices have risen by a multiple of 25 over the same period, meaning that for most people buying a home has been a very good investment even after stripping out the effects of inflation.<BR><BR>The number of dwellings in the UK has almost doubled since 1952, with 14.1 million at the start of the Queen`s reign, compared to an estimated 27.3 million today. However, the number of new homes being built each year has fallen by 46%; from 248,320 in 1952 to 133,840 in the latest estimate.<BR><BR>Two thirds (68%) of the country are now owner occupiers, compared to one third (32%) in 1952. Indeed, at the start of the Queen`s reign half of the country was renting privately compared to 14% today.<BR><BR>Peter Dockar, Head of Mortgages at HSBC, said: "The housing market has changed a great deal under the current monarch, with the aspiration towards home ownership and the increase in house prices most dramatic over the second half of the Queen`s reign.<BR><BR>"There is no doubt that property has remained a sound investment over this period.<BR><BR>"Home ownership remains an ambition for many and we continue to make new products available to help first-time buyers achieve their dreams of taking their first step onto the property ladder."<BR><BR>Tue, 22 May 2012 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001177http://www.ableestates.com/newsdetails.aspx?ID=10001178First-time buyer inquiries rose from 37% in March to 39% in April 2012, according to the latest figures from unbiased.co.uk`s Advice Drivers report.<BR><BR>Interest from FTBs is the No1 advice driver for consumers looking for whole of market mortgage advice according to unbiased`s "find a mortgage adviser" search. However, interest in remortgage advice dropped from 37% in March to 30% in April.<BR><BR>Karen Barrett, Chief Executive of unbiased.co.uk, said: "Last year we saw a similar `spring time` rise in searches for first-time buyer mortgage advice. This year despite three months of consecutive falls in searches for first-time buyer advice, April has seen the first rise in demand in 2012.<BR><BR>"Over the last weeks we have seen lenders raise mortgage rates and tighten their lending criteria, putting further strain on people wanting to get on the property ladder, which will be a contributing factor to the rise in FTB enquiries."<BR><BR>With last week`s announcement from Halifax that they will increase rates despite the Bank of England keeping the base rate at 0.5% for three and a half years in a row, borrowers are now faced with the probability that more lenders will follow suit. <BR><BR>Barrett said: "Homeowners should consider seeking guidance from a whole of market mortgage adviser to ensure they are aware of the current deals on the market and how to mitigate any substantial rate rises imposed by lenders.<BR><BR>"A mortgage adviser will recommend the best deals available and give a clear overview on how to go about remortgaging. They will also ensure you are aware of the redemption charges and arrangement fees involved in switching your mortgage<BR>Tue, 22 May 2012 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001178http://www.ableestates.com/newsdetails.aspx?ID=10001179Over 17,000 house sellers will be moving home this year because of problem neighbours, according to research by Rightmove.<BR><BR>Rightmove’s Consumer Confidence Survey of over 7,000 sellers measured people’s motivations for moving over the next 12 months, and among the staple property market drivers of death, debt and divorce, were 2% of people stating that they were moving out because they ‘don’t like their neighbours’.<BR><BR>With 2012 expected to see a similar level of transactions as the 866,000 recorded in 2011, that equates to just under 50 households selling up every day to get away from their neighbours.<BR><BR>Rightmove director Miles Shipside comments: `Home movers carry out lots of research before they buy their next home, including what prices are being paid in the street and how the accommodation sizes up, but the first time they meet and size up their neighbours is probably after they’ve moved in. In the current economic climate where people must work hard to progress, and even hold onto, their careers, we are increasingly looking to our homes as a sanctuary to relax and unwind. If our troubles are persisting when we get home at night due to unruly neighbours then that can present a real problem and is an understandable driver to move on.`<BR><BR>Rightmove’s research, revealed in the company’s May House Price Index, also shows that the current market has added an extra ‘D’ to the list of main reasons for people to move. ‘Downsizing’ has now joined death, debt and divorce as a main motivator behind Brits moving home.<BR><BR>Shipside adds: `We’re in a changing housing market where generally only those in a financial position to move will do so, either thanks to the equity in their home enabling them to downsize or through having healthy personal finances. We have found that over 17,000 people will move this year due to problem neighbours, but that only tells half the story. With transaction levels running at around half of historic norms there could well be the same number of people stuck in their current homes and wishing they could get away!`<BR><BR>Wed, 23 May 2012 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001179http://www.ableestates.com/newsdetails.aspx?ID=10001180Britain`s parents are going to increasingly extreme lengths to get their children on the property ladder, research from PrimeLocation.com reveals.<BR><BR>The survey shows that almost two thirds (63.4%) of parents whose children have left home contributed financially to the move, with an average of £38,903 being paid towards their children`s first homes.<BR><BR>And because first-time buyer properties cost on average £154,991 at the moment, this represents a 25% subsidy.<BR><BR>Furthermore, almost 11% of children who have left home did so with a contribution of more than £100,000 from the Bank of Mum and Dad. Some 7% of respondents say they have bought a house for their offspring outright, while 40% have contributed to a deposit.<BR><BR>A further 11% allow their child to continue living at home for free to save up for the move.<BR><BR>Among parents whose children still live at home, an overwhelming majority said that they would be willing to make significant sacrifices to ensure their children are able to buy a home.<BR><BR>More than a quarter (28%) said that they would be willing to sacrifice luxury or non-essential purchases to save for a contribution, while a further 16% said that they were prepared to reduce their standard of living.<BR><BR>However, a large proportion of parents are willing to take more drastic steps to provide for their children, with 20% saying that they would secure funds by withdrawing from their pension or savings and just under 13% prepared to take on new or additional mortgage debt. One in six parents said that they would be willing to downsize their property in order to release the equity required for a deposit on their child`s first home.<BR><BR>Nigel Lewis, property analyst at PrimeLocation.com said: "Time was when parents would cut financial ties with their children after they left school but, increasingly, the costs of getting started in life are increasing and parents are having to step in and help including, our research shows, getting them on to the property ladder.<BR><BR>"Nevertheless, with nearly two-thirds of the UK`s parents providing financial assistance, this shows that despite the difficult economy people are still viewing the property market as a worthwhile investment."<BR><BR>Wed, 23 May 2012 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001180http://www.ableestates.com/newsdetails.aspx?ID=10001181<BR>Agents have been warned to tighten up on their record-keeping after a surge in initial complaints to the Property Ombudsman.<BR><BR>They were 19% higher in the first four months of this year than the same period last year. Initial complaints against both sales and lettings agents have risen.<BR><BR>Ombudsman Christopher Hamer, in his first interim report for 2012, said that poor record-keeping by agents hinders the resolution of many complaints.<BR><BR>He said that, despite TPO codes requiring full and clear records to be kept for six years, he still sees ‘many disputes where claims are made by either the agent or consumer that a certain conversation took place, but with neither party able to substantiate their claim’.<BR><BR>He said: `Despite so many agents having access to specialist sales and lettings software packages, the issue of record-keeping continues to be problematic.<BR><BR>`If a complainant makes a claim and has a record which appears to substantiate that claim, but the agent is unable to provide any contemporaneous evidence to counter the allegation, the result is that I can only find in the complainant’s favour.`<BR><BR>In one instance, Hamer cites a complaint by sellers who said that as the market had gone quiet, they agreed with the agent that marketing of the property should be suspended, but that the agent should keep the property in mind if any potential buyers showed an interest in something similar.<BR><BR>The sellers thought this had terminated their agreement with the agent. However, six months later, the agent called the sellers to arrange a viewing which resulted in an offer and sale. The sellers claimed that due to lack of active marketing, they should have a reduced fee. They also claimed that the agent had not passed on information during the transaction.<BR><BR>The Ombudsman did award the agents their commission, as he ruled they were due their fee. However, as they had ‘failed to demonstrate any sort of action during the last three weeks of the transaction’, he made an award of £50 to the complainants.<BR><BR>In another case, he awarded £100 to a complainant on the grounds that six telephone calls over an eight-month period was not an adequate level of contact in order to keep the marketing strategy of the property under review with their clients.<BR><BR>Membership of TPO has continued to grow this year. Sales agents now number 11,693, up from 11,504 at the start of the year, while letting agents number 9,163, up from 8,701.<BR><BR>The majority of initial complaints to the Ombudsman have been on the lettings side at 2,689, up from 2,438 in the same period last year, compared with 1,332 complaints against sales agents, up from 1,242.<BR><BR>Wed, 23 May 2012 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001181http://www.ableestates.com/newsdetails.aspx?ID=10001182<BR><BR>Private tenants across England are paying higher energy bills than home owners, the Royal Institution of Chartered Surveyors has said.<BR><BR>In a new report into how dwelling types and lifestyles can affect energy expenditure, the RICS says that private tenants pay £31 more a year than home owners, and £90 more than tenants living in social housing.<BR> <BR>The RICS says that those who own their own property are more likely to effectively insulate and modernise heating facilities than private landlords, and says there is a lack of incentives for private landlords to make improvements.<BR> <BR>Households with an electric heater can pay between £196 to £898 more a year than households with gas central heating, and is the single highest contributing factor to energy expenditure.<BR> <BR>Jeremy Blackburn, RICS head of UK policy, said: `Those renting privately should expect the same standards in insulation and heating as home owners and those in social housing. More needs to be done to ensure private rental property is fit for purpose and energy efficient.<BR><BR>`It is important that the Green Deal effectively addresses this at a time when tenants across the country are struggling with high fuel bills and increasing rents.<BR><BR>`RICS welcomes the Green Deal as a new way of financing energy efficiency improvements, but it is vital that tenants understand exactly what measures are being taken, why, and what the impact on any measures will have on their energy bills.<BR><BR>`A mandatory Home Condition Report before the installation of all Green Deal measures would be a low-cost way of providing the consumer with a clear understanding of this.`?<BR><BR>The research was commissioned by the RICS and conducted by the School of Built Environment at Heriot-Watt University.<BR><BR><BR>Thu, 24 May 2012 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001182http://www.ableestates.com/newsdetails.aspx?ID=10001183We apologise for some truly irritating pop-ups which have appeared on our sites this week.<BR><BR>Unfortunately, it’s Europe that’s making us do it.<BR><BR>An EU cookie directive (honestly you couldn’t make this up) comes into force this Saturday, making websites tell their users about cookies.<BR><BR>It is extremely annoying, and even sites such as http://www.bt.com have the pop-ups.<BR><BR>To be on the safe side, we have done the same thing, as there are (this being the EU) heavy penalties for sites not compliant with the law.<BR><BR>However, there is one easy way to get rid of the darn things: when they appear, you will be asked if you are happy with our cookies. Just click yes, and the pop-ups will disappear. Thankfully, forever.<BR><BR>Just a thought, as David Cameron won’t hold the euro referendum we seem to remember him promising us: is anyone actually pleased that we’re part of the EU?<BR><BR>Thu, 24 May 2012 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001183http://www.ableestates.com/newsdetails.aspx?ID=10001184<BR>Lenders need to return to pricing for risk and there needs to be more 100%, cashback and sub-prime mortgage product availability if the mortgage market is to return to any sort of health.<BR><BR>John Wriglesworth, chairman of the Wriglesworth Consultancy, the PR firm specialising in the mortgage and housing markets, was speaking at tis week`s Mortgage Business Expo Manchester 2012.<BR><BR>Wriglesworth, who organises the much-praised Great Housing Debate each year in Westminster, defended lending activity prior to the credit crunch, saying all of it, including sub-prime, was justified.<BR><BR>He said that the reasons for the crisis lay beyond UK shores.<BR> <BR>He also said pent-up demand in the first-time buyer market was out there ‘and if they could get hold of a mortgage then they would’.<BR> <BR>Wriglesworth added: `Lenders can’t lend in the right way to get the market going. Unless 100% mortgages and sub-prime comes back, then you’re not going to see a healthy market. There is nothing wrong with 100% or cashback mortgages as long as lenders price for risk.`<BR> <BR>He was also conscious of the capital adequacy problems facing lenders and said the new round of requirements was ‘Basel III meets Godzilla’. <BR><BR>He hit out at the Financial Services Authority, saying: `The FSA is stifling the ability of lenders to offer mortgages to those that want them. It is a total over-reaction. What’s wrong with giving someone who is riskier an 8% mortgage [rate]? The FSA are not allowing lenders to do this because they don’t trust them.`<BR> <BR>He also questioned the motives for brokers selling short-term products. He said: `Those selling two-year / short-term discounted products are mis-selling because you’re exposing borrowers to interest rate fluctuation in two years’ time.`<BR> <BR>Wriglesworth concluded: `There is virtue in the fact that we are stable and we’re at the bottom of the market.`<BR><BR>Fri, 25 May 2012 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001184http://www.ableestates.com/newsdetails.aspx?ID=10001185<BR><BR>The National Association of Estate Agents has called for the Stamp Duty break for first-time buyers to be reinstated.<BR><BR>The NAEA has upped the ante in its campaign for reform of the current Stamp Duty regime after discovering that it netted £5,960m for the Treasury coffers in 2010/11.<BR><BR>This was a 22% increase, up from a take of £4,885m in 2009/10, despite an ailing property market, says the NAEA.<BR> <BR>The figures show SDLT receipt rose last year in all regions of the UK, apart from Northern Ireland, at a time when there was almost half the number of property transactions as pre-recession.<BR><BR>The highest increase in the revenue made from Stamp Duty was in the East Midlands, at 33.3% (to £240m) followed by 32% in Scotland (to £330m) and 27.7% in London (to £1,980m).<BR> <BR>Wendy Evans-Scott, NAEA president, said: `The Government’s latest figures show it has received a windfall of £1bn on property transactions in the UK, at the same time as thousands of consumers are struggling to afford even the deposit for a home.<BR><BR>`Clearly, the Chancellor can afford to reinstate the first-time buyer holiday and help boost this vital part of the market, instead of taking the 22% increase in income from this unfair tax.<BR><BR>`The fact that SDLT is fluctuating regardless of the movement in the housing market shows it is an outdated tax that needs urgent reform.`<BR><BR><BR>Fri, 25 May 2012 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001185http://www.ableestates.com/newsdetails.aspx?ID=10001186<BR>It goes without saying that you should never be drunk in charge of a vehicle, and now the same applies for a house.<BR><BR>That’s according to new research which reveals how drunk Brits in the home have caused almost £700 million pounds worth of damage through fires, floods, breakages and leaving their properties open to burglars.<BR><BR>Brits have long enjoyed a drink at home, and that’s certainly true for the majority of those surveyed (83%), but what might have started as a relaxing glass of wine after work has become a tipple too far in recent years, with 61% now admitting they are regularly drunk in their homes.<BR><BR>However, the home is a hive of hazards for the drunken dweller and alcohol-related incidents have been responsible for causing damage to over 1.5 million properties and jeopardising the safety of their inhabitants.<BR><BR>The most common of these household mishaps are:<BR><BR>- Breaking valuable items after falling over whilst drunk (3.33 million incidents);<BR>- Forgetting to remove the keys from the lock after returning drunk from a heavy night out - leaving the house open to burglary (2.2 million incidents);<BR>- Causing a kitchen fire after falling asleep when cooking food (1.16 million incidents) – with burnt pizza (28%), chips (15%) and bacon (14%) being the foremost fire starters;<BR>- Causing a flood after falling asleep and leaving kitchen and bath taps running (1.08 million incidents); and<BR>- Causing a fire by leaving candles burning (599,104 incidents).<BR> <BR>In addition, although three quarters (71%) of these drunken disasters were caused by Brits in their own humble abodes, the research shows that over a quarter (26%) actually unfolded in the homes of family or friends.<BR> <BR>After delving further into the causes of these incidents, MORE TH>N Home Insurance has developed a detailed profile of the typical drunken dweller, and it’s one that will send shockwaves across Middle England. Indeed, the worst offender for being drunk in charge of a house is not a rowdy student, but a 35-54 year-old professional living in a property worth an average of £242,6734.<BR> <BR>MORE TH>N recommends that Brits consider the following tips to avoid booze-related bedlam in their homes:<BR><BR>- Never cook when drunk - order a takeaway or prepare food that doesn’t require heating;<BR>- Keep any valuable or fragile items safely out of drunken-tripping distance;<BR>- Forget about mood lighting - leave the candles alone if you’ve had one too many drinks;<BR>- Don’t worry about personal hygiene at the end of a heavy night - take a bath the next day; and<BR>- Always keep your keys about your person – a retractable key ring is one way to ensure that your house doesn’t become an easy target for burglars.<BR> <BR>Matt Pernet, from MORE TH>N Home Insurance, commented: "The dangers of drink driving are well documented, but the perils of being drunk in the home are not. Yet, as this research shows, the home can be a highly precarious place for somebody with impaired judgement. If you think you are going to be drunk at home then it pays to plan ahead. With just a few small acts of mindfulness you can significantly reduce the chances of a costly incident from occurring."<BR> <BR>A spokesperson for the London Fire Brigade added: "Too many fires are started when someone has passed out and left a pizza in the oven or some bacon under the grill. If people are going to have a few drinks, whether at home or on a night out, then a takeaway is by far the safest option to satisfy any late-night cravings."<BR><BR>Fri, 25 May 2012 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001186http://www.ableestates.com/newsdetails.aspx?ID=10001187<BR>Rents rose further in the three months to April, as fresh tenant demand continued to exceed new instructions, says the latest RICS Residential Lettings Survey (February - April 2012).<BR><BR>13 percent more chartered surveyors reported rents rose rather than fell in the three months to April.<BR><BR>This growth was largely driven by increasing demand as a net balance of 15 percent more respondents reported rises in prospective tenants, with houses in greater demand than flats.<BR><BR>Rental values in the UK have now grown consistently since 2009 as the problem of unaffordable mortgage finance and large deposits required by lenders remain a barrier to home ownership, with many potential buyers forced to turn to the rental market.<BR><BR>Significantly, supply of property to the market continues to grow, albeit at a slower pace, with seven percent more surveyors reporting increases rather than decreases in landlords looking to let their properties.<BR><BR>Unsurprisingly, with rental values steadily increasing, landlords gross yields also continued to grow during the early part of the year, although the pace of growth has begun to slow. This was the case in every part of the UK with the exception of London where tenant demand also saw a slight downturn.<BR><BR>Looking ahead, surveyors remain positive that the market will remain buoyant over the next three months, with 13 per cent more predicting rents will rise rather than fall. Across the UK , all areas expect rents to continue to increase with the exception of Scotland where expectations entered negative territory for the first time since October 2009.<BR><BR>Peter Bolton King, RICS Global Residential Director said:<BR><BR>"The rental market is still fairly buoyant and this looks likely to continue, given the challenges facing the sales market. Indeed, mortgage finance may become even harder to access particularly for first-time buyers if the euro crisis continues to deepen.<BR><BR>"This points to tenant demand continuing to outpace supply. As a result, rents will remain on an upward trajectory, adding to the pressure on many households whose incomes are already being squeezed<BR>Mon, 28 May 2012 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001187http://www.ableestates.com/newsdetails.aspx?ID=10001188<BR><BR>Building of new housing has fallen sharply this year. According to the Office for National Statistics, there were 24,140 house-building starts in the first quarter, down 11% on the previous quarter.<BR><BR>Private house-building starts were 8% lower and social housing starts were 21% lower.<BR><BR>Simon Rubinsohn, RICS chief economist, said: `The data clearly demonstrates that housing delivery is falling well short of expectations.<BR><BR>`There are good reasons for expecting government policy to gradually have an impact on the level of starts. The NewBuy mortgage indemnity scheme only started a couple of months back and is taking a while to gain traction.<BR><BR>`More important for the medium term could prove to be the planning changes that have been pushed through by the Government. But even if the measures do begin to pay dividends, it is hard to see to the increase coming anywhere near the level of new housing required.<BR><BR>`Indeed, a key factor continuing to hold back development at the current time and probably for the foreseeable future is the lack of access to development finance.`<BR><BR>Noel Meredith, director of United Trust Bank, said: `Housing and construction is hugely important to the UK economy, and what appears to be one of the key factors holding back activity is a decline in the availability of development finance.<BR> <BR>`It’s clear there’s still little appetite from mainstream lenders to increase the availability of development finance, with them either restricting their development finance books or withdrawing from the sector altogether.<BR> <BR>`However, lenders such as United Trust Bank are keen to provide finance for well-planned developments in the right housing sectors and locations. Other lenders have come and gone but we have been consistently active in development finance, and we’re always happy to talk to developers and brokers seeking residential development or short-term finance.`<BR><BR>Mon, 28 May 2012 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001188http://www.ableestates.com/newsdetails.aspx?ID=10001189<BR>Second home owners who leave their properties empty are to be hit with extra council taxes. If they leave the property empty for two years, they will have to pay an extra premium, of a 50% extra tax. The mandatory discount on holiday homes that are used only at weekends is also to be abolished.<BR><BR>Communities minister Andrew Stunell also yesterday announced a £145m fund to be shared between councils and voluntary groups to help tackle empty homes.<BR><BR>The aim is to renovate empty residential properties, including those in private ownership, and restore them to use.<BR><BR>Separately, squatting in residential properties is to become a criminal offence in Britain, after the Legal Aid, Sentencing and Punishment of Offenders Bill received Royal Assent.<BR><BR>As from September 1, squatting will become a criminal offence, meaning that perpetrators will face up to six months in jail and a maximum £5,000 fine if they move into a home owner’s property.<BR><BR>Wed, 30 May 2012 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001189http://www.ableestates.com/newsdetails.aspx?ID=10001190Virginia Water in Surrey is the UK’s number one property millionaire hotspot, according to PrimeLocation. It has more £1m-plus homes than anywhere else in the UK, with almost half of its properties worth £1m or more – all of which probably helps explain why James Wyatt, of Barton Wyatt, seems so permanently cheerful.<BR><BR>By comparison, across the UK as a whole, the average proportion of homes worth over £1m is 3.1%.<BR><BR>Close behind Virginia Water is Radlett in Hertfordshire, where 47% of the housing stock is worth £1m-plus. Cobham, which is home to Chelsea’s training ground, is third in the table with 39.5% of homes reaching the £1m price point.<BR><BR>Notably, all the millionaire hotspots are in the South-East, including Gerrards Cross where Trevor Kent reigns supreme, with the exception of Salcombe, Devon. It is also worth pointing out that three of the top ten towns are within four miles of each other, making Gerrards Cross, Chalfont St Giles and Beaconsfield an outstanding place for millionaire-spotting.<BR><BR>Wed, 30 May 2012 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001190http://www.ableestates.com/newsdetails.aspx?ID=10001191<BR>As we approach the Queen’s Diamond Jubilee, new research by Halifax has looked at the key developments in the UK housing market over the past 60 years.<BR><BR>The analysis starts a year before the coronation of Queen Elizabeth II at a time when the country was recovering from World War II and some rationing was still in place.<BR><BR>Martin Ellis, housing economist at Halifax, said:<BR><BR>"The UK housing market has undergone some extraordinary changes over the last 60 years, reflecting the changing way we live our lives. Today, the typical UK household is very different compared with the 1950s following the substantial growth in home ownership and the shift towards single occupancy households."<BR><BR>"The quality of our homes has improved markedly. House prices, however, have become prone to pronounced swings over the past 40 years and the rapid decline in the number of homes being built since the 1950s has contributed to the demand-supply imbalance that has characterised the UK housing market in recent years. This is likely to continue to play an important role in determining the landscape of the UK housing market over the coming years."<BR><BR>House Prices<BR><BR>House prices across the UK have nearly trebled over the past 60 years, increasing by an average of 186% in real terms1. Prices have risen at an average annual rate of 1.8%, slightly faster than the 1.6% per annum average rise in real earnings over the period.<BR><BR>House prices in the 1980s recorded their biggest increase with a real rise of 42% between 1981 and 1991; greater than the increase of 30% over the last ten years. The worst performing decade was the 1950s when house prices declined by 7% in real terms.<BR><BR>UK housing market has become highly cyclical since the 1970s. Notwithstanding the decline in the 1950s, house prices were relatively stable in the 20 years to 1971 with annual growth averaging just below 1% (0.9%). There have since been four periods of rapid real house price growth: 1971-73, 1977-80, 1985-89 and 1998-2007. Each period was succeeded by a substantial drop in real house prices. The most recent housing boom - which lasted ten years - was by far the longest period of rapidly rising house prices.<BR><BR>House prices have been the highest in relation to people`s earnings over the last ten years. House prices averaged 4.8 as a multiple of gross annual average earnings2 between 2001 and 2011, peaking at the highest level in the past 60 years at 5.8 in 2007. This compared with the average ratio of 3.9 since 1951. Property values were lowest in relation to earnings in the 1990s when the average house price to earnings ratio was 3.4.<BR><BR>Housebuilding<BR><BR>Whilst more than 15 million homes have been built in the UK in the past 60 years, the number of houses built each year has fallen by one-third since 1951, from 201,860 to an estimated 137,000 in 2011. This drop has been driven by a dramatic fall in the volume of public sector housing being built. Housebuilding reached record levels during the 1960s, with a peak of 425,830 units completed in 1968. Private sector completions also reached a record high in 1968 (226,100).<BR><BR>There was an 81% drop in public sector completions between 1951 and 2011. This was in marked contrast to the four-fold increase in private sector completions over the same period. The fall in public sector completions was driven by the significant reduction in local authority house building in the 1980s. The proportion of all completions accounted for by the public sector has dropped significantly from 87% in 1951 to an estimated 24% in 2011.<BR><BR>The homes we live in are getting smaller. There has been a marked reduction in the size of properties constructed during the last 60 years. Homes of less than 50m2 in size (538 square feet) accounted for 9% all homes built in before 1980. This proportion doubles for homes built after 1980 (18%). Consistent with this, 17% of homes built before 1980 were flats, compared with nearly a quarter (23%) after 1980.<BR><BR>There has been a marked shift in the type of properties built in England over the past 60 years. Detached homes represent just 10% of the current English housing stock3 that was constructed between 1945 and 1964. In contrast, detached properties account for more than a third (36%) of the housing stock built after 1980. Semi-detached properties account for the largest proportion (41%) of the English housing stock built between 1945 and 1964, but represent only 15% of homes built after 1980. Flats account for 20% of the housing stock that was built after 1980 compared with 15% of those built between 1945 and 1964.<BR><BR>Housing Quality<BR><BR>There has been a dramatic Improvement in the quality of housing since the Second World War. In 1947, more than four in ten (42%) households lacked a fixed bath or shower. By 1991, this proportion had fallen to just three in a thousand (0.3%).<BR><BR>Nearly two in three households (64%) were without a basic hot water supply in 1947. In 1991, this proportion had fallen to one in a hundred (1%).<BR><BR>Households in England with a second toilet have increased from 31% in 1996 to 41% in 2007.<BR><BR>Housing Tenure and Households<BR><BR>Home ownership has more than doubled over the past 60 years from 32% of all households in England in 1953 to 66% in 2010-11. The introduction of the Right to Buy scheme in the 1980s was a key driver of the rise, helping to lift owner-occupation from 57% in 1981 to 68% in 1991. However, owner-occupation has been declining steadily in recent years since reaching a peak of 71% in 2003.<BR><BR>The proportion of homes in the privately rented sector has fallen by two-thirds since the 1950s, from 50% in 1953 to 17% in 2010-11. Over the past decade, however, the size of the private rented sector has increased; rising from 10% in 2001 to 17% in 2010-11.<BR><BR>The relative size of the socially rented sector in 2010-11 (17%) was very similar to that in 1953 (18%). This apparent stability conceals the dramatic changes that have taken place in the past 60 years. The proportion of socially rented homes has fallen from a peak of 32% in 1981, largely as a consequence of the sale of council houses under the Right to Buy scheme and the decline in public sector housebuilding.<BR><BR>There has been a pronounced decline in the `traditional` family unit over the last 60 years. The proportion of households in England occupied by married couples has nearly halved since the 1970s from 70% in 1971 to 40% in 2011. Over the same period, the proportion of single person households in England has risen from 19% in 1971 to 33% in 2011. Single person households are projected to replace married households as the single most common form of household over the next decade.<BR><BR>Wed, 30 May 2012 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001191http://www.ableestates.com/newsdetails.aspx?ID=10001192<BR>New common sense measures will save ordinary families up to £20 a year in council tax, and make bills easier to pay, Local Government Secretary Eric Pickles has announced.<BR><BR>This comes on top of the council tax freeze over the last two years which has cut council tax in real terms.<BR><BR>Following a consultation, the Coalition Government is today confirming plans to amend council tax rules so elected local councils have greater local flexibility to help residents through fairer approaches to tax billing, second homes, empty homes and solar panels. Further steps will also be taken to support family annexes to help elderly relatives and extended families.<BR><BR>These reforms could allow councils to make up to a £20 reduction in the bill for a typical Band D property in England, or hold bills down by the same amount.<BR><BR>The Government will amend council tax laws to:<BR><BR>Make bills easier to pay by giving local residents a new legal right to choose to pay their council tax bills in 12 monthly payments, rather than the fixed 10 in the course of a year. This will help those on fixed incomes, like pensioners.<BR>Promote the take-up of voluntary electronic billing, by removing regulatory obstacles. The Government is keen to promote e-billing and direct debits, delivering savings for councils which could be passed onto local taxpayers. Residents will retain the right to hard copy documents, if they wish.<BR>Give councils greater local flexibility to choose to waive special tax relief on second homes and empty homes, allowing councils to use the monies to keep the overall rate of council tax down. This would allow a £20 saving on a Band D council tax bill for ordinary families. There will be no requirement for councils to make any changes, if they do not wish.<BR>There will be no changes to homes which are empty due to the death of the owner or if the resident is away in care or hospital. Nor will there be any changes to the `job-related` second homes discount. The Government has already provided 100 per cent council tax relief to Armed Forces personnel on operational duties abroad for six months.<BR>Reforms will also allow councils to tackle long-term empty homes (empty for more than two years), through an empty homes premium. This is since empty homes can attract squatters and vandalism, blighting communities and harming local amenity of nearby resident families.<BR>Prevent a `sun tax` supplement on bills for homes with solar panels or the need for intrusive inspections where panels are installed by a third party under the rent a roof scheme. Domestic scale solar panels will continue to be treated as part of the home.<BR><BR>Mr Pickles also announced that his department is to undertake further work into supporting family annexes. Ministers are keen to remove tax and other regulatory obstacles to families having a live-in annex for immediate relatives - such as teenagers or their elderly grandparents. Such reforms will help increase housing supply and help ensure the elderly have dignity and security in retirement.<BR><BR>Eric Pickles, Secretary of State for Communities and Local Government, said:<BR><BR>"Since 1997 council tax bills have more than doubled. The Coalition Government`s council tax freeze has cut council tax in real terms over the last two years.<BR><BR>"These further common sense reforms will help families and pensioners with their cost of living, keeping bills down and making bills easier to pay.<BR><BR>"This Government is on the side of ordinary families, who work hard and do the right thing."<BR><BR>Wed, 30 May 2012 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001192http://www.ableestates.com/newsdetails.aspx?ID=10001193<BR>According to estimates by Nationwide Building Society Buckingham Palace has gone up in value by 9000% since 1952 when the Queen came to the throne.<BR><BR>Back in 1952 the Palace is estimated to have been worth a cool £11m, whilst today, 60 years on in the Queen`s Jubilee year, it`s value is thought to be closer to £1bn according to Nationwide`s estimates.<BR><BR>Windsor Castle has also increased in value by a staggering 9350%, from £2m in 1952 to £189m today.<BR><BR>It`s not just the Queen`s residences which have gone up in value;<BR><BR>Robert Gardner, Nationwide`s Chief Economist said: "Nationwide`s House Price Index has been going since 1952, and has therefore run for the Queen`s entire reign. During the Queen`s reign the average UK house price has increased from £1,891 to £162,722 according to our data<BR>Thu, 31 May 2012 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001193http://www.ableestates.com/newsdetails.aspx?ID=10001194<BR><BR>A new national property portal - Need a Property - has been launched to provide a viable and cost effective alternative to the established competitors in the market.<BR><BR>Need a Property is designed to offer under-pressure estate agents some respite from the ever rising costs of listing their properties on the major portals.<BR><BR>Need a Property aims to fill a void by providing estate agents with something different, offering an initial free trial and a monthly charge starting at just £100 thereafter. The current economic climate has put pressure on the market since the end of the last property boom and estate agents are now facing added strain from increases in advertising, staffing and portal costs. Need a Property offers an alternative choice for larger agents with multiple branches and a vital lifeline for smaller independent firms with fewer resources.<BR><BR>Scott Green, founder and CEO of Need a Property, said: `Times are tough for a lot of estate agents at the moment and the increasing pressures from rising costs could push more and more smaller firms to breaking point. Need a Property understands the financial pressures being faced by not just the independents, but agents of all sizes, and Need a Property has been set-up to support them in the marketing of their properties at a monthly fee that offers a significant discount to the major portals in the market .`<BR><BR>David Conway, Director of Galliard Homes and Galliard Residential, one of the leading names in the London property market, commented:<BR><BR>`Property advertising costs on the major portals have continued to rise which is why it’s great to see Need a Property as a new low cost entrant enter the market. All developers and estate agencies are under increasing pressure to reduce their advertising budgets and given that buyers and tenants are increasingly using internet portals for their property searches, we welcome and support a fresh new entrant like Need a Property in the market.`<BR><BR>With a lean operating business model and carefully targeted marketing spend, Need a Property is able to offer its services at a significantly lower cost to estate agents whose clients are increasingly aware of the benefits of property portals.<BR><BR>For a subscription starting at £100 a month, agents signing up to Need a Property will have their properties displayed on a total of five sites: Needaproperty.com; eastwestplc.com (providing access to a lucrative Asian market looking to buy UK property); Daily Express and many more to follow in the coming months. <BR><BR>Mon, 04 Jun 2012 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001194http://www.ableestates.com/newsdetails.aspx?ID=10001195House prices rose in May by just 0.3% to stand at an average of £166,022, up from April’s figure of £164,134.<BR><BR>Nationwide, whose house price index shares an anniversary with the Queen as it marks its 60th year, says that house prices are now 0.7% lower than a year ago.<BR><BR>However, they are quite a lot higher than when Nationwide first reported in 1952, when they stood at £1,891.<BR><BR>Mon, 04 Jun 2012 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001195http://www.ableestates.com/newsdetails.aspx?ID=10001196<BR><BR>We are now building fewer new homes than when the Queen came to the throne – and while homes are getting smaller, house prices have shot up and the mod cons have changed out of all recognition. And while a woman was on the throne, women couldn`t get a mortgage without their husband or father giving consent, and the lenders were 800 or so small, local building societies: today, there are around 50.<BR><BR>But perhaps the biggest change of all has been in home ownership: this has more than doubled over the past 60 years, from 32% of all households in England in 1953 to 66% in 2010-11. The Right to Buy scheme in the 1980s was a key driver of the rise, helping to lift owner occupation from 57% in 1981 to 68% in 1991.<BR><BR>However, since reaching a peak of 71% in 2003, owner occupation has been declining.<BR><BR>The private rented sector shows the same type of pattern in reverse. The proportion of homes in the private rented sector has fallen by two-thirds since the fifties, from 50% in 1953 to 17% in 2010-11. Over the last decade, however, the private rented sector has been rising again, after being as low as 10% in 2001.<BR><BR>Meanwhile, the proportion of social or council housing rose and fell over the period. It was 17% of all households in coronation year, went to a peak of 32% in 1981 and is now back at 18%.<BR><BR>In 1951, 201,860 new homes were built, compared with an estimated 137,000 in 2011, 60 years later. House building reached record levels in the sixties with 425,830 new homes being built.<BR><BR>New homes have also been shrinking in size. Homes less than 538 sq ft in size accounted for just 9% of all new homes built before 1980. After 1980, this proportion doubled.<BR><BR>The type of new home being built has also changed. Semis used to account for the largest proportion (41%) of new homes built between 1945 and 1964, but represent only 15% of homes built after 1980. Flats used to account for 15% of new homes between 1945 and 1964, but after 1980, account for 20% of new housing stock.<BR><BR>There has been a dramatic improvement in the quality of housing of all types since the war. In 1947, 42% of households had no bath or shower: by 1991, the proportion had fallen to 0.3%. In 1947, 64% of households had no basic water supply: this fell to 1% in 1991.<BR><BR>Households in England with a second toilet have increased from 31% in 1996 to 41% in 2007.<BR><BR>Another noticeable trend has been the fall of the ‘traditional’ family unit household. The proportion of households in England occupied by married couples has nearly halved since the 1970s from 70% in 1971 to 40% in 2011. Over the same period, the proportion of single person households in England has risen from 19% in 1971 to 33% in 2011.<BR><BR>Single person households are projected to replace married households as the most common form of household over the next decade.<BR><BR>As for house prices, over the last 60 years the average UK house price has increased 7,278% from £2,200 in 1951 to £162,338 in 2011. This is three times the rise in retail price inflation over the same period (2,477%). <BR> <BR>UK House prices have risen in real terms <BR>Mon, 04 Jun 2012 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001196http://www.ableestates.com/newsdetails.aspx?ID=10001197<BR><BR>Marks & Spencer is about to shake up the financial services industry by opening banking facilities in its branches, which will offer first bank accounts and then mortgages.<BR><BR>The first will open next month in the Marks & Spencer branch at Marble Arch, London. A further 20 bank branches are planned. All will be open at weekends and operate the same hours as the shops.<BR><BR>The company already has a financial services brand, M & S Money, a joint venture with HSBC, which made a £50m profit last year.<BR><BR>It currently offers savings accounts, general insurance, personal loans, foreign exchange, and credit cards.<BR><BR>Tesco’s much-delayed launch into the mortgage market is still expected this year, after being hit by technology problems.<BR><BR>Marc Bolland, chief executive at Marks & Spencer, said: "M&S is one of the most trusted brands on the UK high street and we`ve achieved this by continually listening and responding to the needs of our 21 million customers. This bank will be built on M&S values; putting the customer at the heart of the proposition and delivering the exceptional service that sets us apart from the competition."<BR><BR>Chief executive of the new M & S Bank will be Colin Kersley, and the venture will create around 500 jobs. Kersley said: "We know loyal M&S customers will be genuinely excited by the prospect of banking with their favourite retailer. With over 25 years financial services experience, M&S Bank is the natural next step for M&S Money and will provide customers with a credible, alternative choice in the banking sector."<BR><BR>Fri, 08 Jun 2012 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001197http://www.ableestates.com/newsdetails.aspx?ID=10001198<BR><BR>Stamp Duty is to be abolished in Scotland, it has been announced.<BR><BR>John Swinney, finance minister, said that it would be replaced by a new `fairer` Land and Buildings Transactions tax in 2015.<BR><BR>There would be no tax at all on properties costing up to £170,000, and a cut in tax for people buying property up to £325,000.<BR><BR>The move will be watched closely at Westminster, where the Government has come under increasing pressure to reform the `slab` structure of the current Stamp Duty regime.<BR><BR>The Scottish Property Federation said it `cautiously` welcomed the Holyrood proposals. <BR><BR>The transfer of control over Stamp Duty from Westminster was a key part of the Scotland Bill which was heralded as the largest transfer of power north of the border since devolution.<BR><BR>Fri, 08 Jun 2012 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001198http://www.ableestates.com/newsdetails.aspx?ID=10001199<BR><BR>A letting agent and a struck-off solicitor have been successfully prosecuted over an HMO where 12 people lived in slum conditions.<BR><BR>Camden Council took action against Aminat Adedoyin Afolabi, who represented the owner of the property, and Raphael Fagbolagun, of Baganton Property Services, who had been appointed to manage it.<BR><BR>The pair were found guilty of failing to obtain a licence for a House in Multiple Occupation, management offences and failing to supply documents previously requested by the court.<BR><BR>They managed a property for a Mr Alade, who lived in Nigeria. They claimed the property was empty, but when environmental health officers visited on various days in March 2011, they found a basement flat let to three tenants, and three upper floors converted into eight bedsits let to nine tenants.<BR><BR>The officers found a pool of sewage soaking the brickwork to the basement bedroom, the fire escape route blocked, the fire alarm silenced, fire doors missing or ineffective, plus electrical faults, missing banisters to the internal staircase and steps down to the rear garden dangerous and broken.<BR><BR>During investigations, it was found that Afolabi had been convicted of fraud and related offences, and had been investigated by the Law Society for various issues including trading as a legal practice called Ann Francis and Co, prior to qualifying as a solicitor. As a result she had been struck off by the Law Society. She was subsequently allowed to practise under strict controls before being struck off again in 2012.<BR><BR>The council’s investigations showed that both defendants received rents and were held to be jointly responsible for managing the HMO without a licence.<BR><BR>After a two-day trial, Afolabi, a struck-off solicitor who had previously been convicted of fraud, was found guilty of all 12 offences and Fagbolagun of all 11 offences.<BR><BR>Both defendants, who had pleaded not guilty, claimed to be on low incomes, and the judge reduced the fines and costs to £1,415 for Fagbolagun and £765 for Afolabi.<BR><BR>Abdul Hai, Camden Council’s cabinet member for community safety, said after the case: `Slum landlords will not be tolerated in Camden. We will continue to use every power to ensure people don’t fall prey to landlords who have no consideration for people’s safety and are instead more concerned with lining their own pockets.`<BR><BR>Baganton Property Services, in Camberwell New Road, SE London, appears to handle sales, management and lettings ‘in London and every part of the UK’, according to its website, which also talks about its professionalism.<BR><BR>Fri, 08 Jun 2012 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001199http://www.ableestates.com/newsdetails.aspx?ID=10001200<BR><BR>House prices are faltering right round the world, with falls in 24 out of 36 countries surveyed.<BR><BR>Research business Global Property Guide says Ireland’s price declines have been ‘catastrophic’ with a fall of 18.95% over the past year.<BR><BR>In Greece, house prices tumbled 11.68% and in Spain 9%. It puts UK house prices at 3.14% lower than last year.<BR><BR>Countries where house prices have risen include Estonia (up 9.13%), Austria (up 8.24%), Norway, Russia and Iceland. Housing markets in most of Asia cooled, while in America, house prices went up just 0.48%, following the previous year’s 7.44% decline.<BR><BR>In New Zealand, house prices moved up 0.82%, but in Australia they fell for a fifth consecutive quarter to stand at 6.04% lower than a year ago.<BR><BR>* A seminar on the international property market, which will include advice on how UK agents can promote themselves to the Chinese buying market, is being held on June 29.<BR><BR>It is being put on by a sister title to EAT, IEAT, and is sponsored by the Fortune RE Group.<BR><BR>It takes place in Mayfair, London, and EAT readers can get £10 off by using the special promotional code Ros29 when they book online.<BR><BR>Mon, 11 Jun 2012 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001200http://www.ableestates.com/newsdetails.aspx?ID=10001201The average price of a new home in April was £226,859. This is down -1.9% since March, and the first monthly price fall for nine months. <BR><BR>Commenting on the data, Steven Lees, Director of SmartNewHomes, said:<BR><BR>`New home prices paused for breath in April, slipping back from a 42-month high in March as less than optimistic economic forecasts and the ongoing trouble in the Eurozone curbed buyer activity.<BR><BR>`Buyers will be buoyed by the news that the number of new homes currently available to buy has doubled in the last year but the Government and industry should not rest on its laurels. This is from an extremely low base and, as acknowledged by the Housing Minister Grant Shapps, we are still a long way from building the thousands of extra new homes needed each year to meet the UK’s housing demand<BR>Mon, 11 Jun 2012 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001201http://www.ableestates.com/newsdetails.aspx?ID=10001202<BR><BR>Only one quarter of households will be home owners with a mortgage by 2025 if the economy continues to stagnate, while record numbers – 22% of the population – will be living in the private rented sector.<BR><BR>The forecasts are in a report commissioned by the Resolution Foundation and Shelter from Cambridge University.<BR><BR>It looks at how the housing market will change if current economic trends continue. Such trends include low levels of house building, constrained mortgage finance and low income growth – and the combination would mean that only 27% of households would be mortgaged home owners by 2025, compared with a peak of 43% in the early ’90s.<BR><BR>Meanwhile, the proportion of people renting their homes privately will continue to expand, rising from just 7% in 1994 to 22% by 2025. In London, more than a third (36%) of households will be renting by 2025, says the report.<BR><BR>The report also projects that more families with children will be renting than ever before. The past five years have seen a massive 86% increase in families with children renting their homes – growth which looks set to continue, particularly in London where renting will overtake mortgaged home ownership among families by 2020.<BR><BR>With renting set to become the norm for more and more people, Shelter and Resolution Foundation are warning that the Government can no longer afford to ignore a sector which growing numbers will call home.<BR><BR>Shelter’s chief executive Campbell Robb says: `This report shows what is fast becoming the new reality of our housing market in the current economic climate: home ownership continuing to fall while renting becomes a way of life for British families.<BR><BR>`Yet despite the growing pressure on the rental market, the government’s recent Housing Strategy virtually ignored the sector and did little to address the issues of affordability, stability and quality that so many renters face.<BR><BR>`It’s time the Government woke up to the fact that Rental Britain is here to stay. With more and more families renting than ever before, we need to make renting fit for purpose for the growing cohort who want a stable and secure home to raise their children in.`<BR><BR>Vidhya Alakeson, director of research at the Resolution Foundation, said: `This report is further evidence of the urgent need for more and better-quality rented accommodation that meets the needs of families with children.<BR><BR>`It’s encouraging that the Government has launched a review of institutional investment in the private rented sector, but this report reveals the true nature of the future challenge and thus the scale of the response needed.`<BR><BR>Tue, 12 Jun 2012 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001202http://www.ableestates.com/newsdetails.aspx?ID=10001203More than one in ten landlords (14.5%) say that some or all properties in their portfolio fall into the bottom Energy Performance Certificate categories, with an F or G rating.<BR><BR>The finding, which emerged in a survey of 1,500 landlords by the Association of Residential Letting Agents, could mean a sharp reduction in the supply of rental properties.<BR><BR>From 2018, properties with low EPC ratings – likely to be anything below E – will be banned from the rental market.<BR><BR>The same ARLA survey also showed that more than one third of landlords (36%) do not know the energy rating of their properties.<BR> <BR>Alan Ward, chairman of the Residential Landlords Association, called for the Landlord’s Energy Saving Allowance – an annual tax allowance – to be raised from £1,500 to £14,000. The allowance is due to be scrapped altogether in April 2015.<BR><BR>Tue, 12 Jun 2012 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001203http://www.ableestates.com/newsdetails.aspx?ID=10001204<BR>Proposed rules to ensure that house buyers are properly informed before taking on a mortgage have been approved by the European Union`s Economic and Monetary Affairs Committee.<BR><BR>These rules should also ensure that buyers are offered mortgages that are tailored to their needs and that their creditworthiness is properly assessed.<BR><BR>Buyers who fail to repay a loan would be better protected against seizure of their assets. To curb irresponsible lending, mortgage sellers would be better supervised.<BR><BR>Some of the legislation`s requirements would be adapted to reflect differences among EU Member States` national mortgage and property markets, but the basic rules would apply EU-wide and information for buyers would have to be presented in a consistent format across the EU.<BR><BR>"Parliament has given a qualitative breakthrough regarding the initial text. We now have more ambitious legislation which establishes the international golden standards bringing in the principles recently adopted by the Financial Stability Board," rappporteur Antolin Sanchez Presedo (S&D, ES), said after the vote.<BR><BR>"We introduced a new chapter on financial education, strengthened information to consumers, established a reflection period and the possibility to receive good advice as well as fair principles for crisis situations."<BR><BR>MEPs have stiffened the requirements proposed by the Commission on information to be provided before the borrower signs a mortgage and inserted rules on the borrower`s "financial education".<BR><BR>The text says that any financial advice given to borrowers should be impartial, and enable them to understand the long-run financial consequences of taking out the loan. Everyone signing up for a mortgage should receive comparable information about the products available, and be informed whether there is any financial incentive that might lead the adviser to recommend a particular product.<BR><BR>The credit terms offered to borrowers must be in line with their present financial situation and their prospects, it adds.<BR><BR>The rules aim to protect borrowers not only from irresponsible lending, but also from their own misjudgements and also to ensure that mortgages go only to those who can afford them.<BR><BR>To protect borrowers better, MEPs have added a new rule stipulating that the return of collateral such as the property will suffice to repay the loan, provided that the lender and borrower expressly agree to this in the contract.<BR><BR>Where a borrower defaults on a loan, MEPs want arrangements to ensure that the lender makes every reasonable effort to solve the problem before initiating foreclosure proceedings. They also aim to ensure that arrangements for settling the debt outstanding after the property has been sold are reasonable with regard to the borrower`s circumstances, e.g. family situation. These arrangements could include limiting the seizure of wages, retirement pensions, etc, so as to ensure that the borrower retains a minimum household income.<BR><BR>Borrowers would also have a 14-day cooling off and reflection period after signing the mortgage deal, during which they could withdraw from it.<BR><BR>Most home loans are long term, yet both lenders and borrowers need flexibility during the life of the product to manage risk and changing circumstances for both.<BR><BR>MEPs therefore inserted flexibility provisions, including a right for the borrower to repay the loan early and a right for the lender to receive a fair compensation for such early repayment. However, obliging borrowers to pay penalties for early repayment would be prohibited.<BR><BR>Proposed rules for loans denominated in a foreign currency would allow the borrower, on certain conditions, to change the currency of the loan, while the lender would be entitled to be compensated for this change.<BR><BR>Finally, MEPs decided that where expressly agreed by both parties to the mortgage deal, borrowers should be able to transfer the mortgage from one residential property to another when moving house. However, to make this possible, Member States would have to develop means to ascertain whether the borrower has a clear legal title to the property.<BR><BR>Lenders should be authorised, registered and supervised to ensure that they meet strict professional requirements, without encroaching upon their right to operate in other Member States in accordance with the principles of freedom of establishment and to provide services.<BR><BR>MEPs have also sought for the first time to regulate "tying practices". As amended, the legislation would prohibit lenders from making loan offers conditional upon the purchase of insurance or other financial products from a specified provider, although lenders could nonetheless require borrowers to take out an insurance policy with specific characteristics, and refuse the loan if they declined to do so. Banning "tied" products would make it easier for borrowers to switch providers.<BR><BR>Under the legislation, national authorities responsible for supervising credit entities, information exchange and dispute resolution, would be united under the auspices of a European Banking Authority.<BR><BR>Tue, 12 Jun 2012 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001204http://www.ableestates.com/newsdetails.aspx?ID=10001205Mortgage valuation activity returned to growth in May following the post-Stamp Duty deadline slowdown in April, according to Connells Survey & Valuation.<BR><BR>The firm says the total number of residential valuations conducted during May rose by 4% compared to April. However, on an annual basis this represented an increase of 18%.<BR><BR>Valuations for first-time buyers climbed 8% after April’s dip, representing a 12% increase on May last year.<BR><BR>The number of first-time buyer valuations represented 32% of all those conducted by Connells in May, compared to 31% in April. Valuations for home movers were up 4%, and for buy-to-let investors up 3% – an increase of 78% annually, albeit from a low base.<BR><BR>Remortgage valuation activity was unchanged in May on a monthly basis, but up 23% annually.<BR><BR>Wed, 13 Jun 2012 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001205http://www.ableestates.com/newsdetails.aspx?ID=10001206<BR><BR>More than half a million rental homes in Britain have no fire safety systems or equipment, and one in four do not have working fire alarms.<BR><BR>A new study reveals that 551,000 rental homes in Britain have no existing fire safety systems or equipment in place, despite this being a legal requirement for landlords.<BR><BR>The research, carried out for insulation specialist Rockwool, also shows that just 19% have working fire extinguishers and only 11% have fire blankets.<BR><BR>Many tenants also appear uninterested in fire risk, with just 17% of renters asking their landlord about fire protection and safety levels.<BR> <BR>Thomas Heldgaard, Rockwool UK’s managing director, said: `It appears there is a creeping fire risk in this country and we need to realise the devastating impact fire can have on a home and the importance of taking simple steps to protect people and property. <BR> <BR>`As the number of renters within Britain increases, we urge landlords to ensure they don’t just adhere to minimum legal requirements by having smoke alarms installed in any household they rent out, but that they check passive fire protection like insulation to ensure it is undamaged and still does its job.<BR><BR>`We would also suggest landlords install fire extinguishers and fire blankets to protect residents and their property.<BR> <BR>`Tenants also have an important role in ensuring their home is adequately protected from fire and should consider fire risk much more carefully when they view a rental property, particularly if it is a multiple-occupancy building.<BR><BR>`Simple steps like asking the landlord when they last had wiring checked and had an insurance certificate issued can make a big difference.`<BR><BR>Thu, 14 Jun 2012 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001206http://www.ableestates.com/newsdetails.aspx?ID=10001207<BR><BR>Total rental income to UK landlords in the private sector is set to soar to £70bn in the next five years.<BR><BR>The prediction comes from Savills, which has been running its 24th annual ‘financing property’ presentations in the City.<BR><BR>Savills say that the shift to renting from home ownership creates a need for significant investment.<BR><BR>Lucian Cook, director of residential research at Savills, said: `Rental growth and more renting are forecast to push the amount of rent paid to private sector landlords from £48bn to £70bn over the next five years.??`We estimate that over the same period, £200bn needs to be invested in the private rented sector to keep pace with demand. We only expect £50bn of that to come from buy-to-let finance.<BR><BR>`Institutional investment backed by new sources of finance is critical to filling the gap.`??Savills says that larger investors buying in bulk should see good returns for their money.<BR><BR>Thu, 14 Jun 2012 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001207http://www.ableestates.com/newsdetails.aspx?ID=10001208<BR><BR>Property Place, a Facebook application that enables estate agents to advertise properties on the social networking site, has won new financial backing and appointed a heavyweight industry figure as its chairman.<BR><BR>Property Place, which launched earlier this year, has completed a round of venture capitalist funding with Finance Yorkshire.<BR><BR>This fresh capital has allowed the business to add new staff to its management team to help accelerate its growth, said founder Sohail Rashid.<BR><BR>The chairman is Dean Fielding, who was group financial director of LSL for eight years. He is joined by sales and operations director Yuseph Hedar, formerly CEO of Green Flag, and Alex Craven, digital director, who has founded two successful digital marketing agencies.<BR> <BR>Rashid said: `I am really excited about our team and plans. All of them have excellent credentials and we will soon be introducing some exciting new improvements to the application.<BR><BR>`This new team will build upon Property Place’s current success, and continue to help sellers and estate agents in tough market conditions by more efficiently connecting them with the right buyers through our social media platform.`<BR><BR>Fielding said: `When I first looked at Property Place, I was instantly impressed with the business model. There is a real need in the market for an innovative service particularly for independent and regional estate agents.<BR><BR>`Property Place has the ability to change how independent agents market their properties and connect with new clients. We can offer something that no other traditional portal is able to.<BR><BR>`I’m looking forward to help shake up this sector and add some much-needed competition and innovation.`<BR><BR>The new funding will also be used for consumer marketing campaigns.<BR><BR>Fri, 15 Jun 2012 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001208http://www.ableestates.com/newsdetails.aspx?ID=10001209<BR>A tide of community support has saved Ringo Starr`s childhood home from the wrecking ball, Housing Minister Grant Shapps has said.<BR><BR>Fans of the Fab Four from across the world will now be able to pay homage to the childhood home of the Beatles drumming maestro - 9 Madryn Street, which joins the Cavern Club and the childhood homes of Sir Paul McCartney and John Lennon as beacons of Beatlemania.<BR><BR>The Minister confirmed that he was making over £13.5 million available to help bring empty homes across Liverpool back into use. This, and the efforts of the local community have ensured that the streets Ringo Starr grew up on will be preserved for years to come.<BR><BR>Mr Shapps visited Madryn Street with the city`s Mayor Joe Anderson to see first hand the ambitious plans now being worked up to hand Ringo`s former home and other homes in Madryn Street that were previously earmarked for demolition over to the community.<BR><BR>The decision to save Madryn Street marks a victory for the local community and Beatles fans who for years battled to save Starr`s home.<BR><BR>Aware of local opposition to the demolition plans, Mr Shapps stepped in to ensure that the views of local people were properly heard, and that other options were being considered.<BR><BR>He asked TV`s George Clarke, newly appointed as Empty Homes Independent Adviser, to work closely with Liverpool City Council, the local community and housing associations to see what could be done before sending in the bulldozers.<BR><BR>Now, in a ground breaking experiment Liverpool City Council have agreed to give the local community the opportunity to take over and refurbish 16 of the properties on the street, and in doing so gauge the demand for such properties in the wider area.<BR><BR>This means that, thanks to their combined efforts and the extra millions of pounds Mr Shapps has been able to secure, Ringo Starr`s former childhood home can now be preserved for years to come.<BR><BR>The Government are determined to bring more homes back into use. £155 million has been allocated to bring more empty homes back into use, including £60 million to tackle clusters of these empty properties. The Government have also been working to save homes from demolition and address the problem of `ghost streets`, to help ensure families are not trapped in half-empty and abandoned streets.<BR><BR>The cash will be used as part of a funding package to save 750 homes from demolition in Liverpool. These will now be refurbished and brought back into use.<BR><BR>Housing Minister Grant Shapps said:<BR><BR>"Ringo Starr`s home is a significant beacon of Beatlemania, a bricks and mortar reminder of a hugely important influence on British music. But it`s also a lot more than that - a real example of communities having the power and voice to step in a save the places they treasure most.<BR><BR>"With the Help! of Liverpool residents we worked it out and Madryn street can be saved for the nation. Its future will now be in the hands of local residents - if they can make a success of this street then many more similar houses and streets could be saved.<BR><BR>"The £14million will help to transform run-down houses into homes to be proud of. Rather than destroy swathes of housing indiscriminately, we have listened to the local community. This is a step forward in making Madryn Street a great place to live as well as a must-see stop off while on a Magical Mystery Tour of this great city."<BR><BR>He added:<BR><BR>"I am delighted that Ringo Starr`s former childhood home is just one of 16 homes in the Welsh Streets that we`re saving from the bulldozers.<BR><BR>"Today presents a real opportunity for the local community to preserve and protect these properties for the future, but I`m keen that this is just the start. That`s why I`ll be watching closely to see how the refurbishment of these 16 homes progresses, and how we can use this to prevent more homes from being demolished.<BR><BR>"With a further 750 homes set to be preserved across Liverpool, I want to see this local commitment continue."<BR><BR>Mon, 18 Jun 2012 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001209http://www.ableestates.com/newsdetails.aspx?ID=10001210<BR><BR>Zoopla has signed a deal with a major newspaper group, seemingly unaware of the group’s plans to simultaneously launch a property portal aimed at private landlords and which deliberately cuts out agents. Agents have reacted to the launch, by the London Evening Standard, with incredulity and anger.<BR><BR>Zoopla has done an exclusive deal to operate the property search facility for the Independent, London Evening Standard, and the London Evening Standard’s property website, Homesandproperty.co.uk, a spin-off from the paper’s weekly Homes & Property section.<BR><BR>Homes & Property’s main advertisers are agents, paying – one agent told us – several thousand pounds per page.<BR><BR>The Standard appears to have decided to take the risk of upsetting them by launching London Private Rentals, a website aimed directly at landlords and cutting out agents.<BR><BR>London Private Rentals is a free listing service for landlords. Geographically, it covers the whole of London, plus East and West Sussex, Kent, Berkshire, Surrey, Essex, Bucks and Herts.<BR><BR>Mariella Petralia, divisional lettings director for Felicity J Lord, a regular advertiser in the Standard’s property supplement and which took out two pages last week – one for its sales properties and the other for its lettings – said: `I really can’t believe that the Evening Standard is launching such a website.`<BR><BR>Other agents who advertise in the London Evening Standard’s property section described the paper’s launch of a private landlords website as ‘astonishing’. None that we approached had known about it. Last week, the Standard’s Home & Properties section carried its usual ‘diary of an estate agent’ column, which we understand is paid for, written by lettings manager Damien Brown of Kinleigh Folkard & Hayward.<BR><BR>While most of the estate agency adverts are for sale properties, all the agents who advertise also have large lettings divisions.<BR><BR> Meanwhile, the partnership with Zoopla went live on Friday, and was described by Zoopla as a clear win for both parties, and one which would benefit agents.<BR><BR>Alex Chesterman, founder & CEO of Zoopla said: `This partnership will drive significant value for our members.`<BR><BR>A Zoopla spokesman later said that the launch of London Private Rentals had ‘absolutely nothing’ to do with them.<BR><BR>There will be much more on this story, together with agents’ reactions, on our sister title, Letting Agent Today, tomorrow morning.<BR><BR>Mon, 18 Jun 2012 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001210http://www.ableestates.com/newsdetails.aspx?ID=10001211One in three private landlords have either made up their minds that they will stop taking housing benefit claimants as a result of the Government’s welfare reforms, or are actively considering it.<BR><BR>Almost the same proportion say they have housing benefit tenants in arrears, although nine in ten tenants say they are up to date with their rents. However, a number of tenants have taken extra jobs to fund the difference between the rent their landlord charges and the reduced benefit they now receive.<BR><BR>The findings are in a new report by the Centre for Regional Economic and Social Research at Sheffield Hallam University, commissioned by the Government, which seized on it as proving that many scare stories about the controversial housing benefit reforms were proving unfounded.<BR><BR>Local Housing Allowance, the housing benefit paid to claimants living in private rented accommodation, has been capped at between £250 and £400 a week, depending on the property size, up to no more than four bedrooms.<BR><BR>LHA rates are now also set in line with the bottom one-third of rents in the local area – which may be less than £400 for a four-bed property.<BR><BR>The caps for new claimants came into force in April 2011, and for existing claimants in January this year.<BR><BR>Hallam’s research among landlords and tenants was carried out last autumn, and so does not measure the impact on existing claimants. However, the research project will continue until June next year, with further reports to be published later this year and in 2013.<BR><BR>The report says that 33% of 1,867 landlords questioned said they were either planning or considering ceasing letting to LHA claimants.<BR><BR>More than a third (36%) said they have tenants in arrears because of the LHA changes, and 29% said they have taken action to evict tenants or to end their tenancies.<BR><BR>However, the surveys also showed that 90% of LHA tenants are up to date with their rents. More than a quarter said they have looked for a job to make up the difference between their LHA cap and their actual rent.<BR><BR>Lord David Freud, welfare reform minister, said: `The research gives us an early insight into what is really happening, and it shows that the many scare stories about the effects of housing benefit reform are simply not materialising.<BR><BR>`We have capped housing benefit so that people can no longer claim over £100,000 a year to live in large houses in expensive areas of London. This is the right and fair thing to do.`<BR><BR>Tue, 19 Jun 2012 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001211http://www.ableestates.com/newsdetails.aspx?ID=10001212Research by specialist buy-to-let mortgage lender Paragon Mortgages reveals an increase in landlords’ property portfolios in the second quarter of 2012.<BR><BR>During the past three months landlords’ property portfolios increased from an average of 12.9 in Q1, to 14.1 properties in Q2. This is also an increase on Q2 2011 when the average portfolio size was 12.5 properties.<BR><BR>A fifth (21%) of landlords who took part in the quarterly Private Rented Sector Trends Survey, said that they were planning to add to their portfolios in the third quarter of this year, which is up from 18% during the same time period last year.<BR><BR>Of those landlords who are planning to purchase buy-to-let property in Q3, 49% will be investing in terraced houses – which remain the most popular property type for landlords to invest in.<BR><BR>More than a quarter of landlords (26%) expect to buy flats or maisonettes, and 23% plan to purchase semi-detached houses.<BR><BR>John Heron, Managing Director said: `The fact that landlords are planning to make further investments in their property portfolios is positive news. It shows their appetite to grow their business to meet the on-going demands from tenants and demonstrates the viability of the UK’s PRS.<BR><BR>`The issues around housing supply in the UK are well documented and have been hotly debated over the past few months in particular. However, what our research shows is that landlords are investing further in PRS property and they look set to continue to buy over the coming quarters. Whilst this will not solve the problems around supply it will make a valuable contribution.`<BR><BR>Tue, 19 Jun 2012 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001212http://www.ableestates.com/newsdetails.aspx?ID=10001213<BR><BR>When Piers Morgan was woken up three times one night in his American bed by transatlantic phone calls from Savills, he wasn’t awfully amused.<BR><BR>But he did what any self-respecting modern man does – and turned to Twitter.<BR><BR>`Thanks to Savills estate agents in London who rang my NY flat at 3am, 4am and 6am, despite me saying EACH TIME their client had moved.`<BR><BR>He later tweeted to the host of a chat show, apologising for having sounding a little tired: `An idiotic estate agent from SavillsUK woke me up all night.`<BR><BR>He added: `I mean, just how stupid does a Savills estate agent have to be to call a NY flat at 3am, 4am and 6am? And have the SAME conversation 3 times?`<BR><BR>And then tweeted: `I think my revenge will come in Savills estate agent jokes. I’ll retweet the best – may concentrate their lobotomized minds going forward.`<BR><BR>Thus galvanised, a lot of jokes were immediately tweeted at Savills’ expense, such as: `How do you confuse Savills estate agents? Give them a letter with PTO on both sides.` And: `How many Savills agents does it take to change a light bulb? Two. One to screw the bulb in and the other to screw the buyer.`<BR><BR>Lords Estate Agents (naughty!) tweeted: `Why won’t sharks eat estate agents from Savills? Professional courtesy!`<BR><BR>Another wrote: `How do you make a Savills agent crazy? Put him in a round room and tell him there’s a finder’s fee in the corner.`<BR><BR>Then there was the old chestnut: `Why have Savills stopped looking out of the window in the morning? Because they’d have nothing to do in the afternoon.`<BR><BR>There was also: `120 people on an oil rig. How do you know which 1 works for Savills – that is the one throwing bread to the helicopter.` And: `Why did the Savills estate agent tiptoe past the medicine cabinet? So he wouldn’t wake up the sleeping pills.`<BR><BR>Not to mention: `How do you keep Savills busy? Give them a bag of M ‘n’ Ms and tell them to sort them into Ms and Ws.`<BR><BR>Even Amanda Holden got in on the act: `They also show you around a house, walk into the kitchen and say, ‘This is the kitchen!’ (No shit Sherlock!!)`<BR><BR>Anyway, you get the gist.<BR><BR>Finally, Savills – who are also on Twitter and were included in the bombardment – cracked and tweeted: `Sincere apologies to Piers Morgan. We’ll track down who’s got you on redial and send them back to school.`<BR><BR>The last word went to Piers Morgan. He suggested: `Maybe give them a world clock?`<BR><BR><BR>Wed, 20 Jun 2012 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001213http://www.ableestates.com/newsdetails.aspx?ID=10001214<BR><BR>Rightmove is currently removing properties at the rate of 1,000 a day from its website<BR><BR>It says that they are out-of-date listings identified by its new data quality programme, which was rolled out at the start of December.<BR><BR>The out-of-date properties are both sales and rentals.<BR><BR>Director Miles Shipside said: `While some websites are looking to boost the number of properties they display, quality as well as quantity of information gives a site true credibility.<BR><BR>`Properties that have been let some time ago or sales that have already been completed are misleading if they are left online and highly frustrating for home-hunters. Out of date stock has persistently been one of the main topics of complaint when it comes to online property advertising, so improving data quality has always been on Rightmove’s radar.`<BR><BR>Rightmove’s data quality team uses a variety of tools to detect out-of-date listings. Properties listed for sale are matched against Land Registry records to check if they are sold and completed.<BR><BR>They are also removed if they have been listed as ‘Sold Subject To Contract’ for over six months. In lettings a similar check is in place to remove properties listed as ‘Let Agreed’ for longer than six weeks. The data quality team also acts on listing and data quality queries sent in by agents and consumers.<BR><BR>Shipside said: `Ensuring the listings on our site are kept up to date is also very important from a competitor analysis point of view as a lot of agents rely on Rightmove’s web data to get an accurate overview of their local market via RightmovePlus and the Agent Competitor analysis tool.`<BR><BR>In addition to Rightmove’s internal data quality detection, a new ‘spotted an error’ notification service was also introduced last year.<BR><BR>This has resulted in just under 750 emails a month being sent directly to agents from consumers to ask for corrected data: 16% of these emails are regarding imagery and floor plans, with a further 12% sent to query a property’s ‘property type’ definition.<BR><BR>Shipside added: `The steady level of ‘spotted an error’ emails being sent underlines how important accurate listings are to home hunters. The data we are collecting from this correspondence means we can share insights with agents on which areas of their property advertising they should concentrate on and improve.`<BR><BR>Wed, 20 Jun 2012 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001214http://www.ableestates.com/newsdetails.aspx?ID=10001215<BR><BR>Average house prices in the UK rose by 1.4% in the year to April 2012, the Office of National Statistics has reported.<BR><BR>The average UK house price stood at £229,000 in April – up 1.1% on April 2011 – but the yearly rise was driven by 4.9% annual growth in London and smaller increases in the South-East and South-West of 2.1% and 1.6% respectively.<BR><BR>There was also a marked 5.1% annual rise in the price of new homes, compared with the overall 1.1% rise for secondhand homes. The average price for a new dwelling in April this year was £216,000 and for a secondhand home £229,000.<BR><BR>Away from the south of England, house prices dropped – by 1.3% in both the North-West and in Yorkshire & the Humber. In Wales, prices dropped by 1.1%, inScotland by 0.3% and in Northern Ireland by 8.1%.<BR><BR>Notably, first-time buyers paid more for their properties in April this year than April last year, with prices up 1.5%. First-time buyer numbers were also affected by the Stamp Duty holiday: in March 43% of properties were bought by first-time buyers, but in April the proportion fell back to 32%.<BR><BR>Charles Haresnape, managing director of Aldermore Residential Mortgages, said: `The ONS House Price Index shows that more robust property prices in London and the South-East are masking significant declines elsewhere in the country, particularly in Wales, Scotland and Northern Ireland.<BR><BR>`Uncertainty over house prices is having a dampening effect on the market and is making prospective house buyers nervous about committing to a house move at the moment. A lack of confidence is a key issue and will remain so until consumers feel that house prices have at least stabilised.`<BR><BR>The ONS, which bases its calculations on the ‘mix-adjusted’ house price data, puts the average house price far higher than the Land Registry, which quoted an average price in England and Wales of £160,417, which it said was a 1% drop.<BR><BR>The Government regards both the ONS and the Land Registry house price surveys as official, but has never explained why it appears to be hedging its bets with two such widely disparate sets of figures.<BR><BR>Wed, 20 Jun 2012 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001215http://www.ableestates.com/newsdetails.aspx?ID=10001216<BR>Government sponsored schemes are helping potential buyers to access the housing market by reducing the costs of buying a property.<BR><BR>Halifax has looked at the typical profile of someone buying a home under "affordable" housing schemes as well as the type of properties bought and compared them with the market as a whole.<BR><BR>The average price paid for properties purchased under shared ownership, shared equity and other low cost house purchase schemes is 12% lower than the average for all houses, at £161,8391. The highest average price paid using these schemes is in London (£243,841) whilst the lowest is in the North East (£132,684).<BR><BR>Regionally, the biggest difference between the average price paid under low cost house purchase schemes and buying without such assistance is in London where the average price paid is almost one fifth lower (£243,841 against £298,972).<BR><BR>Properties bought under affordable housing schemes are usually smaller than a typical property with an average of 4.4 rooms not including kitchens and bathroom/toilets. This is almost one room smaller than the 5.2 average for all houses. The difference in size partly reflects the fact that 42% of affordable housing buyers are single adults, which is significantly higher than their 29% share of all households in the UK.<BR><BR>Nearly three in ten homes bought under affordable housing schemes are flats. This is nearly double the proportion of all home sales accounted for by flats. 79% of properties bought under affordable home ownership arrangements are newly-built properties.<BR><BR>Some 16% of all affordable housing transactions in 2011 were in the South East (16%) followed by Scotland (15%), North West (11%) and the South West (10%). London accounted for 5%.<BR><BR>More than two-thirds (67%) of those purchasing a home under affordable housing schemes are first-time buyers. This is more than double the proportion of all those buying a home with a mortgage (30%).<BR><BR>The average age of buyers is 32. Almost a half (49%) are in the age band 20 to 29 with a further 31% between the ages of 30 to 39. In contrast, only a quarter of all house buyers are aged 20 to 29. These schemes are, therefore, enabling more young people to get onto the housing ladder.<BR><BR>The average gross annual income of an affordable home buyer is £26,704. The average income of those buying under these schemes is 6%3 lower than that for all buyers (£28,524). Regionally, the average income of buyers under these schemes varies from £41,947 in London to £22,660 in Yorkshire and the Humber.<BR><BR>Martin Ellis, housing economist at Halifax, said: "Affordable home ownership schemes offer a cheaper alternative to buying a home but with the flexibility of allowing the occupiers to increase their share over time.<BR><BR>"This has particularly been true for first-time buyers who account for the largest share of the market. Of all the various low cost home purchase schemes, those under the builders` own shared equity schemes and FirstBuy umbrella have proved to be the most popular.<BR><BR>"Whilst shared equity and other affordable housing schemes have historically performed strongly, new schemes such as the government`s New Buy initiative will also play a role in meeting demand and helping to support first-time buyers."<BR><BR>Thu, 28 Jun 2012 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001216http://www.ableestates.com/newsdetails.aspx?ID=10001217London missed out on the top spot for student housing due to the high cost of living, according to the Knight Frank research; it is followed by Vienna, Dublin and Barcelona.<BR><BR>James Pullan, head of student property, Knight Frank, commented:<BR><BR>`Student accommodation in the UK has delivered solid and consistent returns throughout every year of the economic downturn, thereby attracting significant volumes of international equity and institutional debt into the sector.`<BR><BR>The number of students travelling overseas to attend university has been rising steadily in recent decades, and this trend is set to continue. Just as the world’s economies have become more globalised, with the relaxation of trade barriers, education has also become a global commodity.<BR><BR>Students now seek out the best educational institutions across the globe. The factors that lie behind this trend are:<BR><BR>- the rise of the middle classes in emerging economies, especially Asia;<BR>- the growing acceptance of international higher education qualifications across the world; <BR>- a new ‘internet generation’ of globally connected and well-informed student consumers<BR><BR>James Pullan commented: `The rise in global student mobility has created an excellent opportunity for investment in key European cities and is a long-term trend that is set to continue. This structural shift in the make-up of student populations has significant consequences for cities that play host to the world’s best universities, and throws up key opportunities for developers and operators.`<BR><BR>Thu, 28 Jun 2012 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001217http://www.ableestates.com/newsdetails.aspx?ID=10001218<BR>Rightmove’s latest survey of intending first-time buyers finds a surprisingly positive change in their outlook and capability to get on the first-rung of the housing ladder.<BR><BR>The proportion of intending home-buyers over the next 12 months who will be purchasing for the first time is at its highest level for nearly three years, making up nearly three in ten of those who expect to buy a property over the next year.<BR><BR>Miles Shipside, director of Rightmove comments: `The results come as a welcome surprise, hopefully this three year high in intending first-time buyers will come to fruition. It seems that some five years into the property market downturn, more are getting their heads and wallets around the new rules of first-time home-ownership, though they still face some testing<BR>challenges. The property market needs this upward trend in first-time buyer activity to continue as first-time buyers perform an essential role at the bottom of the property market food chain. They give second-steppers the resources to trade up the housing ladder, as well as alleviating demand and upwards rental pressure in the rented sector`.<BR><BR>Rightmove’s research has identified four reasons to be cheerful about first-time buyer activity, which will come as welcome news not only for those looking to get on the housing ladder but for the wider property market as well.<BR><BR>1. Prospective first-time buyer level at its highest for nearly three years, representing almost three in ten of those who expect to buy a property in the next 12 months<BR><BR>In Rightmove’s survey 27.9% of those who confirmed they intend to buy in the next 12 months state they will be buying for the first time. This is the highest proportion of intending first-time buyers since Rightmove began its series of Consumer Confidence Surveys in Q4 2009. At that time a marginally lower proportion of 27.6% was recorded, and since then it has plunged as low as 22.2%.<BR><BR>Shipside comments: `There is still a minefield of economic uncertainties to navigate for those intending to purchase their first home, though this is the highest proportion since Rightmove began its mass survey of home-movers’ intentions nearly three years ago. These are encouraging signs that the gap is narrowing to get closer to the pre-credit crunch norm where<BR>the level of first-time buyers was closer to 40%. This is the proportion typically associated with a more active and healthy housing market, but we are still some way off that, and first-time buyers remain an endangered species in some locations`.<BR><BR>2. Average ‘on the ladder age’ falls by one year as more ‘get their act together’<BR><BR>When surveyed in October 2011, the average age of intending first-time buyers was 32. In this survey, some six months later, the figure has fallen by one year to 31 years old. With the economic downturn about to enter its sixth year it has been very clear for some considerable time that you have to plan early to be a successful first-time buyer. The slight fall in average age indicates more are making provision earlier meaning they can gain a year of home ownership at the expense of a year in rented or parental accommodation.<BR><BR>Shipside comments: `It has taken time for would-be first-time buyers to come to terms with the paradigm shift in the housing market. Where once they were being pursued by risknonchalant lenders, today’s aspiring homeowners must get their finances in shape and make sure they are fit enough to jump the high credit-score hurdles that are now in place. It now<BR>comes as no surprise as to what is required in this new risk-averse world. There is also an element that prospective first time buyers have got fed up of watching the grains of sand slip through the hour-glass of life, and a few more have got their act together to find ways to beat Father Time`.<BR><BR>3. Raising a deposit still the biggest concern for 33%, but big improvement on 42% a year ago, as would-be first-time buyers’ savings accumulate over timeRaising enough of a deposit remains the single biggest concern amongst intending first-time buyers 33.3%. However, this has fallen from 42.2% a year ago, indicating that more are saving hard and those savings are accumulating over time. Indeed the biggest concern for an increasing number is no longer the size of the deposit required, but finding a suitable property to buy. This is up from 23.0% a year ago to 30.2% in this survey.<BR><BR>Shipside adds: `It’s been a tough few years for frustrated first-time buyers and those now in a position to proceed will have saved hard to avoid being ‘locked out’ of the property market. They appear to have moved on from the post stamp-duty holiday slump, and are now looking to re-engage with the trials of getting onto the housing ladder. It is encouraging that some are now moving on from the deposit challenge to the more exciting and rewarding one of finding a<BR>suitable property to buy`.<BR><BR>4. Lucky in love, lucky in home-ownership? Nearly two-thirds of intending first-time buyers are looking to get on the housing ladder with a partner<BR><BR>Rightmove’s study provides an insight into how those who will purchase their first home are managing to make it happen, and 63% are looking to achieve that goal with a partner.<BR><BR>Shipside observes: `Where there is a will there’s a way, and buying with a partner rather than on your own certainly makes the property ladder more accessible. People still have a love of property ownership, and having <BR>Mon, 02 Jul 2012 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001218http://www.ableestates.com/newsdetails.aspx?ID=10001219A picture of a fragile and lacklustre housing market overshadowed by the UK economy and wider eurozone worries is painted by Hometrack this morning.<BR><BR>Notably, it says the market in the South outside London is weakening.<BR><BR>Overall, new buyer registrations slipped by 0.5% last month, with the growth in housing supply outpacing demand.<BR><BR>The property analyst forecasts demand to decline further, with a downward pressure on prices.<BR><BR>Hometrack also said that weaker demand means that house prices were down in seven regions in June, compared to three in March. Only in London did house prices increase last month, up by 0.3%.<BR><BR>Richard Donnell, director of research, said that regionally, house prices had fallen in southern regions outside London.<BR><BR>In March, just 10% of the South-East registered house price falls, but in June the proportion grew to 26%. In the South-West, the proportion grew from 2% to 32% over the same period, while the change has been from 11% to 30% in East Anglia.<BR><BR>Donnell expects house prices to slip by 1–2% over the next six months in southern England.<BR><BR>Mon, 02 Jul 2012 12:00:00 GMThttp://www.ableestates.com/newsdetails.aspx?ID=10001219http://www.ableestates.com/newsdetails.aspx?ID=10001220<BR><BR>A new property portal which has launched claiming to be regulated by the RICS has been told to remove the references.<BR><BR>PropertyPortal.com says on its site that it believes it is ‘the ONLY UK and international property portal in the world to be regulated by RICS … We chose RICS regulation because we believe it guarantees our members and the visiting public professionalism, integrity and business ethics as well as an international reach’.<BR><BR>But the RICS said in a statement: `The website is advertising that it is ‘Regulated by RICS’. As at June 27, we can confirm that although an application was submitted, and is being processed, the firm is not currently ‘Regulated by RICS’.<BR> <BR>`RICS Regulation takes the conduct of its members and firms very seriously. It reviews and investigates complaints about members and/or regulated firms and, where appropriate, takes disciplinary action in cases where members and/or regulated firms fall short of the standards expected of them.<BR> <BR>`RICS Regulation has written to the proprietor to ask that the logo ‘Regulated by RICS’, and any other reference to being regulated by RICS, is immediately removed from the website and other stationery.`<BR><BR>The portal, which is run by RICS member Andrew Goldthorpe and is Oxford-based, also displays the logos for the NAEA and ARLA.<BR><BR>The portal, which features a language translation service for international users, is inviting listings from agents and claims already to feature hundreds of thousands.<BR><BR>Many of the listings that EAT has seen do not carry the name of the agent, although one that is named is Harrison Murray. It is not clear what the cos