Home>Coventry Property News>Coventry Property News – March
Coventry Property News

Coventry Property News – March

 

Download your own FREE Newsletter now by clicking ‘Learn More’ or link below and then ‘Get Started’ 👇 https://m.me/CoventryPropertyExpert?r… The Checklist will then be messaged to you instantly after just 2 clicks ⏩

Hi Guys, welcome back to this months’ edition of Coventry Property News. These were just some of the recent headlines. And why don’t you click on the link provided to receive my full newsletter instantly? There’s no need to fill out any online forms or provide any personal information. Just click the link provided and press the Send it Now button to receive it, instantly.

GDPR – lawyer reveals latest changes that will affect property industry https://www.estateagenttoday.co.uk/br…

Estate Agent Today reported The General Data Protection Regulation legislation coming into effect in the UK on May 25 has undergone some subtle changes which will affect the property sector according to one of the industry’s leading law firms. After years of preparation and debate, the General Data Protection Regulation was approved on 14 April 2016 and will replace the 1998 Data Protection Act. The new regulations mean that businesses will not be able to process personal data without the explicit consent of the data subject. There will also be a limit as to how long businesses can keep data for and a string of obligations attached to keeping people’s data, such as the right to be forgotten. The aim of the new regulations is to put the ownership of personal information back into the hand of the consumer.

Halifax and Nationwide price indices slammed as “out of date” by rival https://www.estateagenttoday.co.uk/br…

House price indices provided each month by Halifax and the Nationwide have been branded as “misguiding” and “out of date” in an attack by a rival analyst, Doug Shepherd, director of Home.co.uk which produces its own index, based on asking prices. In the attack on Halifax and Nationwide – which compile indices based on mortgage approvals and other ‘historic’ measures – Shepherd says his own index is based on contemporary asking prices, are far more accurate and useful, similar to Rightmove’s.

Rents set to rise as lettings stock not keeping pace with demand – RICS https://www.lettingagenttoday.co.uk/b…

Tenant demand edged up in the three months to January, according to the Royal Institution of Chartered Surveyors, but landlord instructions have fallen back – suggesting rent rises are on the way. According to Landlord Today, The latest Royal Institution of Chartered Surveyors’ market snapshot shows a significant imbalance between demand and supply. An exception to the rule is London, where RICS says most surveyors responding to its research suggested rents were still dipping.

Increase in Interest Rates to cost Coventry Home Owners £206.33 a Year.

Increase in Interest Rates to cost Coventry Home Owners £206.33 a year

Coventry homeowners will be among those affected by the latest rise in the Bank of England interest rates. The first increase in 10 years; they have just been raised from 0.25 percent to 0.5 per cent. This uplift comes as inflation hits a 51-month high of 2.9 per cent whilst the national unemployment rate is at an all-time low of 4.3 per cent. Interestingly, the Governor of the Bank of England has indicated that the interest rate is likely to increase again over the next couple of years, but Mr Carney said mortgages and savings would not be affected in the short term. However, look at all the big banks and just about all of them have increased their standard variable mortgage rate. This means that the average monthly mortgage payment for those home owners on variable rate mortgages will see the cost rise by an extra £206.33 per year.

To read the full article, why don’t you click on the link provided to instantly receive my free 8-page newsletter. If you’re a Landlord I’m sure you’ll be interested in my article about Rent Arrears and how to avoid them. Thank You for watching this months edition of Coventry Property News.

For more information, hints & tips, on the Coventry Property Market, please like and follow my facebook page: https://www.facebook.com/CoventryPropertyExpert

 

For a range of relevant video’s please subscribe to my YouTube channel; Coventry Property TV found at https://www.youtube.com/channel/UCRxB2n1Kh-5XwOOpHC4yDTg

 

If you would like to save time and want me to source the whole market and all agents to bring you the best buy to let opportunities, please follow me on twitter: https://twitter.com/covbuy2lets

 

For my comments on Coventry’s Property Market, please visit https://www.CoventryPropertyMarket.co.uk

 

For visual ideas, please visit my boards on Pinterest: https://www.pinterest.com/CovBuy2Lets/

 

To get an idea of the rental or sale value of your property is, please visit http://www.newman.uk.com/#proval

 

Im am also contactable via email: heenay@newman.uk.com or call, text or WhatsApp me on 07864 942 768

 

My office is located at 2 Greyfriars Court, Greyfriars Road, Coventry, CV1 3RY

 

Please remember we are also located in Southam, Leamington Spa and Rugby.

 

We are experienced in Professional Lettings, Student Lettings, Property Management, Block Management, Portfolio Management, Sales and Financial Services.

 

Heenay Joshi
Coventry Property Expert

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.