TSB has introduced a new range of buy-to-let mortgages.
Available at up to 60% loan-to-value (LTV) there is a two-year fixed rate deal at 1.69%, along with a 75% LTV product at 1.94%.
In addition, there are two buy-to-let five-year fixed rates, starting from 1.99% up to 60% LTV and a 2.24% up to 75% LTV.
All of the products come with a £995 arrangement fee.
There are tentative signs that landlords are beginning to return to the buy-to-let market, particularly in London where house price falls and steady rental growth are gradually enticing investors back, according to Knight Frank.
The company reports that during the first 11 months of 2019, landlords acquired 11% of homes sold in Great Britain, the same level as 2018. But in November alone, the proportion of homes bought by investors increased to 12%.
London recorded a bigger rise in landlord purchases. Landlords purchased 13% of homes sold in the capital during the first 11 months of 2019, up from 11% during the same period of 2018. This was the first rise since 2015 but is in part due to fewer owner-occupiers transacting in the market. But will this trend continue?
The latest UK Finance mortgage data published this week suggests that property purchase and remortgage approvals in November held up relatively well given that the country was in full general election mode.
Andrew Montlake, managing director of the UK-wide mortgage broker, Coreco, said: “For a lot of British households, November was a classic case of better the devil you know.
“They chose to get their houses in order and secure a mortgage before a potentially disruptive election result.
“In the week following the general election result we saw a slight uplift in enquiries but the buyer spirit was largely trumped by the Christmas spirit.
“January will be the real test of consumer sentiment as we approach our departure from the EU.
“There is still much uncertainty as to the intricacies of how we leave the EU, but people at least now know it’s coming and that creates confidence.”
The figures also reveal that there were 16,200 remortgages in the buy-to-let sector in October, 2.4% fewer than the same month in 2018.
Montlake added: “While we are expecting an uplift in transactions and remortgages, it would be premature to assume that 2020 will be a boom year for the property and mortgage markets.
“As negotiations with Brussels unfold there is still the potential for volatility.”
Under-resourced county courts are struggling to cope with the number of possession claims being put forward, ‘causing misery for landlords’ not to mention costly delays, according to Landlord Action.
The vast majority of residential possession claims are dealt with in the county courts and enforced by county court bailiffs. But government spending cuts, an increasing number of possession cases, court delays and administrative errors mean evictions are taking longer than ever, pushing many landlords into debt.
In a recent Section 21 case handled by Landlord Action, a tenant claimed she did not receive the ‘How to Rent Guide’ so the court set a hearing date of 27th June 2019. But the court postponed the hearing with just 24 hours notice because the Judge was no longer available.
Several hearing dates have since been set and cancelled, leaving Landlord Action with little choice but to chase for a new date some 12 months after the original Section 21 notice was served back in January 2019, and the landlord no closer to gaining possession.
“We are experiencing cases like this time and time again” said Paul Shamplina. “It’s not only causing extra work for us at Landlord Action, meaning we now have a full-time member of staff whose main responsibility is chasing courts for updates on possession orders, Notice of Issues and bailiff appointments, it is also causing extreme stress for the landlords who are already facing financial hardship as a result of rent arrears.”
Landlord Action is now calling on the government to increase investment in the court system before pressing ahead with plans to scrap Section 21 of the Housing Act, as part of the new Renters’ Reform Bill.
Shamplina continued: “The situation is the worst I have experienced in my 28 years in this industry. Cases are being overlooked, delayed or thrown out due to administrative errors and there is little we can do to improve matters for landlords when we are at the mercy of the courts.
“Remember, many courts were closed due to cost saving by the Ministry of Justice (MOJ).”
An unscrupulous landlord has been fined £27,000 over an unlicensed HMO in Luton with multiple fire and safety breaches.
Luton Magistrates Court heard that the unlicensed property at 14 Kenneth Road, Luton, LU2, had poor fire alarm systems and blocked fire exits, missing and broken tiles on the roof, and evidence of rat infestation.
Marco Caruso of Verulam Court, Hendon, pleaded guilty to illegally managing a HMO and seven breaches of HMO regulation.
He was fined £27,000, which included a £170 victim surcharge and costs of £848.70.
Cllr Tom Shaw, portfolio holder for housing, commented: “This is a great result for the rogue landlord project [being operated by the council] and an excellent example of how we are working together to ensure that private housing in Luton is of a good standard.
“If an HMO is poorly managed, the tenant’s safety could be at risk.
“We are committed to identifying rogue landlords and making sure the properties they manage are in a good condition and adhere to safety regulations, or face prosecution.”
The tax return deadline when filing your online Self Assessment for the tax year ending 5 April 2019 is less than a month away.
Filing an annual tax return is a necessary task for every self-employed person, including buy-to-let landlords, with the 31 January deadline for the 2018/19 Self Assessment tax return at midnight on 31 January 2020.
Whether you have just started out as a buy-to-let landlord or you are an established property investor, there is much to consider from a financial point of view.
Around 10 million people must complete a self-assessment tax form every year, typically because they are self-employed, run their own business or have untaxed income or capital gains, such as from a buy-to-let property, a trust or investment portfolio.
There is no need to fret over filing your tax returns, as it does not even require an accountant.
However, if you are concerned about going it alone and doing your own tax return, you may wish to check out HMRC’s ‘help and support for landlords’.
For more information, click here.
HMRC also offers online tax return help for landlords to their online series of help and support webinars.
View all HMRC webinars.
A new landlord organisation, which is the largest ever trade body in the letting sector, has been officially launched.
The National Residential Landlords Association, which came into force yesterday, has a membership of more than 80,000 landlords.
The new organisation has come about after the National Landlords Association (NLA) and the Residential Landlords Association (RLA) agreed to merge in autumn, with a view to delivering a stronger voice for landlords in the private rented sector.
Ben Beadle is the NRLA’s new chief executive, having joined from Touchstone, part of the Places for People housing group. He was previously managing director of TDS Northern Ireland and director of customer service with the TDS.
The two previous chairs, Alan Ward of the RLA and Adrian Jeakings of the NLA, said in a joint statement: “After more than 20 years of friendly competition the time is right to create a single organisation to represent and campaign for landlords.
“With so much of our work done in parallel there are major benefits to be gained for our landlord members.
“We will be stronger together when presenting a unified voice to government both nationally and locally about the importance of supporting the majority of landlords who do a good job providing the homes to rent the country needs.”
The Elms dates from the 17th Century, was further extended during the 19th Century, and is Grade II Listed. It sits centrally within the village of Duston and in a conservation area. The house has been within the same ownership for 60 plus years and offers opportunities for interior remodelling and expansion with the potential to make a wonderful family home again.
The front door opens into a hall with a kitchen to the right and cloakroom to the left. Directly ahead is a large dining room which opens onto a drawing room. Both are impressive rooms, have parquet floor and an abundance of light. Running off the kitchen and connecting to the oldest part of the house is a breakfast room which provides access to the gardens. Beyond this is a run of rooms which include a study, shower room and bedroom. The original hall with front door lies beyond with the sitting room running off.
On the first floor, there is a run of five bedrooms, all of which have either fitted cupboards or walkin ones, as well as two bathrooms and a separate WC. On the second floor there are a further two bedrooms and a games room. Above the drawing room there is substantial and, potentially, usable loft space. This is accessed by stairs in the adjacent wood shed.
The house has three gated road entrances. Two from Millway, and one from the Main Road, which is the main entrance. This entrance leads, past a run of 7 garages arranged in an L shape, onto a gravelled driveway with a central roundel and flag pole. The garden wraps around the house to the north, east and south with only the original part of the house, to the west, abutting Millway. The garden’s perimeter is well planted with mature trees and shrubs providing excellent privacy.
Immediately to the south of the house is the more formal garden with a gravel and stone terrace running the length of that façade. To the south-east and overlooking the formal area, is a summer house constructed of stone with a pantile roof. Beyond are lean-to potting sheds and a kitchen garden, home to mature asparagus, raspberries, currants and gooseberries. Abutting this is an orchard of apple, pear and plum trees. A gravel drive running from the front of the house connects this area providing easy access for machinery.
In the south-east corner of the plot is a large grass
tennis court. To the north of this is a substantial kitchen garden. To the east of the garages is another orchard of apple and pear trees with a greenhouse & shed. In all, the plot amounts to about 1.8 acres.
There is Listed Building Consent to subdivide the farmhouse into 3 individual buildings (N/2019/0710) with Full Planning Permission to
the same subdivision (N/2019/0707).
In addition, there is Listed Building Consent for the conversion and extension of 2 curtilage listed outbuildings, the summer house and garages, to create 2 new dwellings, Plots 4 and 6 (N/2019/0714), with Full Planning Permission for the same (N/2019/0713). Included within this planning permission is the creation of one new dwelling, Plot 5, which is adjacent to the tennis
These consents and permissions date from mid-September 2019 and can be found on the Northampton Borough Council Website: Http:// planning
Duston, as a settlement, dates back to pre- Roman times, possibly even prehistoric times, and is mentioned in the Domesday Book.
Originally a farming community, and then integral to the local iron ore mining industry, it has been gradually enveloped by the expansion of Northampton.
Today’s Duston, which sits within a conservation area, still retains much of its original village character with a number of local shops and a community feel revolving around the St Luke’s Church and the Duston Village Hall.
Transport links are excellent with a short journey to Northampton station providing links into
London Euston, Birmingham and Rugby. Equally, the M1 motorway is just a short drive away.
Local schooling offers a myriad of options for children up to and including secondary age in its pre-schools, primary schools and secondary schools. Local private schools can be found at Quinton House, Northampton High School for Girls as well as Spratton Hall and Maidwell Hall preparatory schools.
From Junction 15a of the M1 take the A5123 into Northampton. After a mile, and on reaching a roundabout, go straight over following signs for the town centre and Sixfields along the A5076. Go straight over four more roundabouts following signs for Duston. 300m after the fourth roundabout, take a left along Main Road following signs for ‘Duston ¼ mile’. Follow Main Road around to the left and, on the left just before a mini roundabout with a war memorial set back to the left of them are the gates to The Elms.
Entrance Hallway –
Reception Room – 5.13m x 4.98m (16’10 x 16’4) –
Snug Area – 3.78m x 2.64m (12’5 x 8’8) –
Dining Room – 5.41m x 4.24m (17’9 x 13’11) –
Snug/Family Room – 3.63m x 3.48m (11’11 x 11’5) –
Kitchen/Breakfast Room – 5.56m x 3.18m (18’3 x 10’5) –
Utility Room –
Master Bedroom – 5.13m x 5.11m (16’10 x 16’9) –
En-Suite Bathroom –
Guest Double Bedroom – 5.03m x 3.89m (16’6 x 12’9) –
Bedroom – 2.84m 2.54m (9’4 8’4) –
Bedroom And Dressing Area – 8.08m x 3.78m max (26’6 x 12’5 max) –
Sitting Area – 5.44m x 3.81m (17’10 x 12’6) –
Bedroom – 3.81m x 2.79m (12’6 x 9’2) –
Annex Kitchen/Breakfast Room – 4.60m x 4.42m (15’1 x 14’6) –
Annex Sitting Room – 4.55m x 3.07m (14’11 x 10’1) –
Shower Room –
Annex Bedroom – 3.23m x 3.07m (10’7 x 10’1) –
Car Port – 5.59m x 4.90m (18’4 x 16’1) –
For further information or to arrange a viewing, contact me directly.
Fine & Country Northampton
9 George Row
#FineAndCountry #FineAndCountryNorthampton #Northamptonshire #LuxuryProperty #FineLiving #BeautifulHomes #ExecutiveHomes #EstateAgents #EstateAgentsNorthampton #Northampton #Property #realestate #newhome #househunting #home #realestateagent # #realty #listing #dreamhome ##homesforsale #house #housing #luxury #homesale #homeforsale #homesweethome #mortgage #realestatelife #propertyinvestment #propertyforsale
Croft House is a very substantial individual detached stone house which was built in 2004 and designed for the present owner. The interior extends to approximately 3,300 square feet with five bedroomed accommodation including two suites and a family bathroom as well as a cloakroom and additional shower room. On the ground floor there are four reception rooms a kitchen/breakfast room and large utility room and in addition there is an integral double garage. The house stands in private largely walled gardens laid to lawn and facing in a south easterly direction at the rear. The property also has a large attic space which may prove suitable for extension of the accommodation subject to planning consent.
Entrance Hall (10’2 x 3’9 (3.10m x 1.14m))
Approached through an oak hardwood front door there is a fitted floor mat with a partly glazed door opening to:-
Reception Hall (17’2 x 16’3 maximum (5.23m x 4.95m maximum))
A spacious central hall containing the stairs rising to the first floor with oak handrail and there are oak hardwood doors opening to:-
Cloakroom (6’9 x 3’7 (2.06m x 1.09m))
With a suite by Villeroy and Boch of wash basin and WC. Vertical heated towel rail.
Drawing Room (22’0 x 15’6 (6.71m x 4.72m))
A well proportioned room with a deep coved ceiling and windows either side of the open fireplace which has a slate hearth and an antique pine carved mantle. There are TV and wall light points and further windows and a french door which opens to the rear terrace and gardens.
Dining Room (15’6 x 12’8 (4.72m x 3.86m))
Also with a deep coved ceiling and french door opening to the rear terrace and garden. A further door leads to the kitchen.
Family Room (14’2 x 10’7 (4.32m x 3.23m))
With coved ceiling, TV and telephone point and three casement windows to the front elevation.
Study (10’9 x 9’7 (3.28m x 2.92m))
Also with a coved ceiling, broadband connection (Gigaclear available) and TV point as well as windows to the front elevation.
Kitchen/Breakfast Room (16’6 x 15’6 (5.03m x 4.72m))
With maple-fronted floor and wall cabinets, polished granite work surfaces, incorporating a twin underslung stainless steel sink unit, there are two full-size ovens, a further half oven and a stainless steel microwave, all built-in and made by Bosch. The five place gas hob beneath a stainless steel and glass cooker hood is also from Bosch. Further appliances include the Siemens’ fridge and freezer and the automatic 12 place Bosch dishwasher and there is also an additional dresser unit. The window overlooks the rear garden and a door leads to:-
Utility Room (15’1 x 6’10 (4.60m x 2.08m))
A large room with further floor and wall cabinets with laminated working surfaces and twin bowl sink unit, plumbing for washing machine and a further dishwasher. There is an internal door to the garage, a door to the rear garden and a further door to:-
Shower Room (6’8 x 3’8 (2.03m x 1.12m))
With a ceramic tiled shower cubicle with integrated shower.
Landing (18’2 x 10’8 (5.54m x 3.25m))
The galleried landing has turned newel posts and balustrade and a two casement dormer windows to the front. There is a walk-in linen cupboard with the hot water cylinder, immersion heater and slatted shelving. Solid oak doors lead to:-
Master Bedroom Suite
Bedroom One (23’0 x 16’8 (7.01m x 5.08m))
A very spacious room with built in wardrobes at either side with shelving and hanging space, a four casement window overlooking the rear garden and a door leading to:-
Bathroom En Suite (13’6 x 7’0 maximum (4.11m x 2.13m maximum))
With a Villeroy and Boch suite in white with twin vanity wash basins with cupboards under, a twin ended bath with side tap and an integrated shower cubicle. There is ceramic tiling from floor to ceiling and a vertical heated towel rail.
Bedroom Two (14’10 x 13’1 (4.52m x 3.99m))
Also with a range of built in wardrobes with shelving and hanging space, window to rear elevation and door to:-
Bathroom En Suite (12’6 x 6’0 (3.81m x 1.83m))
With a further Villeroy and Boch suite in white with twin ended bath with corner shower hose, WC with concealed cistern and pedestal wash hand basin. Stainless steel vertical heated towel rail and window to the side.
Bedroom Three (18’2 x 14’0 (5.54m x 4.27m))
A very spacious double room with a four casement window to the front elevation.
Bedroom Four (14’3 x 10’7 (4.34m x 3.23m))
With a two casement window to the front elevation.
Bedroom Five (15’1 x 10’4 (4.60m x 3.15m))
A further double bedroom with a three casement window to the front elevation.
Family Bathroom (12’9 x 10’4 (3.89m x 3.15m))
With a white suite of twin ended bath with side shower hose, pedestal wash basin, WC with concealed cistern and a further ceramic tiled shower and vertical heated towel rail.
Attic Space (41’0 x 13’0 approximately (12.50m x 3.96m appro x imately))
Approached via a retractable ladder through a hatch above the inner landing, the floor is boarded and there is light connected.
The house stands back from Church Lane behind a walled front garden with a central block paved drive leading to parking and turning space and flanked on either side by established lawns with tall mature specimen trees including Beech and Sycamore. There are pedestrian walkways either side of the house to the rear garden.
Double Garage (18’2 x 17’9 (5.54m x 5.41m))
Approached through twin up and over doors and with light and power connections, there is a window and door to the side elevation and an internal door to the utility room.
Approached by a York stone paved terrace there is an established stone boundary wall and close boarded fencing and the garden is largely laid to lawn facing in a south easterly direction and contains a number of mature Fir and fruit trees.
The property will be sold subject to the standard Althorp Estate schedule of covenants.
Church Brampton is the home of the Northamptonshire County Golf Club, one of the finest heathland courses in central England. Within the village there is also the Parish Church of St Botolph and The Bramptons’ Primary School. At nearby Chapel Brampton is the Sedgebrook Hall Hotel and Conference Centre. There is a Waitrose supermarket at nearby Kingsthorpe and a Sainsbury’s supermarket at New Duston. Sailing and fishing are available at Pitsford Reservoir and the M1 motorway north bound is via Junction 16 at Nether Heyford and south bound via Junction 15A at Rothersthorpe. The village is well placed for access to a number of public schools including Oakham, Uppingham, Oundle, Rugby and Wellingborough.
Main drainage, gas, water and electricity are connected. Central heating is through radiators from a Vaillant gas fired boiler which also provides the domestic hot water through a mains pressure unvented hot water cylinder.
Daventry District Council – Band G
How To Get There
From Northampton proceed in a north westerly direction along the A5199 Welford Road to the junction with Brampton Lane at the Windhover public house. Continue along the road passing over the river and take the first turning left sign posted to Church Brampton. Enter the village along Sandy Lane and continue straight on towards the junction with the Harlestone Road. Continue straight over at the crossroads into the Holdenby Road, then turn first left into Church Lane, where the property stands on the left hand side.
£1,050,000.00 Richard Greener, Northampton
Built and developed in the 1980s and 1990s as part of Northampton’s expansion, the residential areas of East and West Hunsbury are now well established and extremely popular due to their local facilities and main road access. Positioned between junctions 15 and 15a of the M1, this large residential area offers local shopping precincts as well as a large 24 hour supermarket, doctor’s surgery, schools, dental practice, library, leisure centre, petrol station, public houses, restaurants and a country park with conference venue Hunsbury Hill Centre. The town offers two luxury cinemas and two well regarded theatres. The additional high street facilities and public service amenities of Northampton town centre can be reached less than 3 miles away along with a mainline train station with services to London Euston and Birmingham New Street. Regular bus services operate to Northampton as well as Milton Keynes where further shopping and entertainment facilities can be enjoyed such as The Milton Keynes Theatre District, The Centre mk or Xscape indoor skiing and boarding dome.
The accommodation comprises
Entry via obscure UPVC double glazed door. Radiator. Coving to ceiling. Access to main fusebox. Karndean flooring. Oak doors to connecting rooms.
Cloakroom/WC 1.47m (4’10) x 1.47m (4’10)
Obscure UPVC double glazed window to front elevation. Radiator. Fitted two piece suite comprising low level WC, wall mounted wash hand basin with vanity unit under. Tiling to splash back areas. Karndean flooring.
Sitting room 4.44m (14’7) x 5.23m (17’2)
Three UPVC double glazed windows to front, rear and side elevations. Two radiators. Feature fireplace with decorative surround. Coving to ceiling.
Dining room 4.47m (14’8) x 3.07m (10’1)
UPVC double glazed window to side elevation. UPVC double glazed french doors to rear elevation. Radiator. Coving to ceiling. Karndean flooring.
Kitchen/breakfast room 3.58m (11’9) x 3.30m (10’10)
UPVC double glazed window to rear elevation. Radiator. Fitted cream gloss finished wall mounted and base level units and drawers with work surface over. Stainless steel sink and drainer unit. Integrated appliances including pyrolytic gas oven, induction hob and extractor canopy. Stainless steel splash backs. Under unit lighting. Karndean flooring. Space for dining table and chairs. Open arch to:
Utility 3.48m (11’5) x 1.47m (4’10)
Obscure UPVC double glazed window to side elevation. UPVC double glazed door to rear elevation. Matched to kitchen with gloss wall mounted and base level units and drawers with work surface over. Stainless steel sink and drainer. Space and plumbing for washing machine and tumble dryer. Space for American style fridge/freezer. Wall mounted gas boiler (serviced annually). Karndean flooring.
UPVC double glazed window to side elevation. Radiator. Galleried landing. Access to loft space. Airing cupboard. Doors to connecting rooms.
Bedroom one 2.84m (9’4) x 4.37m (14’4)
UPVC double glazed window to rear elevation. Radiator. Mirror fronted fitted wardrobes to one wall. Door to:
Ensuite 1.73m (5’8) x 1.70m (5’7)
Obscure UPVC double glazed window to front elevation. Radiator. Fitted three piece suite comprising low level WC, pedestal wash hand basin and tiled shower cubicle with glazed screen. Tiled walls. Shaver socket.
Bedroom two 3.45m (11’4) x 3.35m (11)
UPVC double glazed window to rear elevation. Radiator. Fitted wardrobe.
Bedroom three 3.48m (11’5) x 2.57m (8’5)
UPVC double glazed window to side elevation. Radiator. Fitted wardrobe.
Bedroom four 2.46m (8’1) x 2.57m (8’5)
UPVC double glazed window to front elevation. Radiator.
Bathroom 1.73m (5’8) x 2.03m (6’8)
Obscure UPVC double glazed window to front elevation. Radiator. Fitted three piece suite comprising low level WC, wash hand basin with vanity unit, panelled bath tub with shower over and glazed screen. Tiled walls. Shaver socket.
Spacious driveway with access to double garage. External light. Mature shrub and hedge to perimeter.
Garage 4.95m (16’3) x 6.10m (20)
Power and light connected. Two windows to rear elevation. Pedestrian door to rear. Electric double door to front.
Southerly facing and enjoying a high degree of privacy. Mature lawn with shrub borders. Choice of entertaining areas. Side access gate.
At the time of print, these particulars are awaiting approval from the Vendor(s).
The heating and electrical systems have not been tested by the selling agent Jackson Grundy.
By appointment only through the agents Jackson Grundy – open seven days a week.