Shopping Around for the Best Deal in Broadband

The aim of the British government is to bring Broadband into every home in the country within a three year period. This is indeed an ambitious plan that leaves households scrambling to find the best possible deal in getting a connection. Read more

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Financial downturn could last another eighteen months

According to an industry official the financial downturn that the nation is experiencing at the moment could last for another eighteen months until the property slump in the United States sorts itself out. Andrew Hornby, the chief executive of HBOS, said that it could take until 2010 for house prices in the United States to start rising again, and this could mean that the financial problems in the UK will persist for some time to come. Read more

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Landlords remain confident

Confidence among buy-to-let landlords remains very high.

That is according to what Bradford and Bingley is calling the largest and most authoritative landlord survey in the country.

Almost 5,000 people responded to the research, which found that the buy-to-let market is thriving and landlords are confident that it will continue to do so.

A massive 96 per cent revealed that they believe rent levels across the board will either rise or remain the same in the next six months.

In addition, 88 per cent of landlords have plans to either increase or maintain their current portfolio of properties.

All of this, coupled with very few (four per cent) being concerned about low rental yields or availability of tenants makes for a very positive outlook in the market.

“Many of our landlords have been in the market for a long time, with half investing in property for more than five years,” said Bradford and Bingley’s director of mortgages Andy Wiggans.

“Significantly, even those who have been landlords for under four years believe the sector remains strong, with many planning on expanding their portfolios.”

With house prices continuing to rise, more people are renting properties until they can afford to buy. This helps landlords to ensure that their properties are rented out.

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