changing energy efficiency rules - guarantee my rent

Two – third of landlords are still unaware of changing energy efficiency rules

changing energy efficiency rules - guarantee my rent

Two – third of landlords are still unaware of changing energy efficiency rules

Nine months remain until April 1st, 2018 where the new Minimum Energy Efficiency Standards Regulations will take effect, and two thirds of landlords with properties in England and Wales, are still lacking awareness of these standards.

New research shows that 25% of landlords do not know about the requirements of the new MEES regulations which will prevent them renewing existing tenancies or agreeing new lets if it does not meet minimum standards, while a further 42% admit to being “only vaguely aware” of the new rules.

27% of landlords do not even know the EPC rating of their property and almost 49% of landlords do not know the penalty for breaching the regulations, with 31% of those surveyed underestimating the penalty.

Mike Feely, energy efficiency expert at E.ON, commented: “Government housing data already shows that the private rented sector has the highest proportion of properties falling in the F and G bands, so it is vital landlords look into what they need to do before the regulations come into effect.

“Whether landlords have in the past been put off by the perceived hassle, expense, or their own lack of knowledge around the subject, the clock is definitely ticking on the need to improve properties. We know this can be a huge challenge for landlords so we’ve developed a range of services to give them the support they need, from online account management that allows landlords to better control their property portfolios through to a range of great value insulation and heating services to make rented properties more energy efficient.

“For landlords worried about the potential cost of upgrading properties, financial support may also be available through the Energy Company Obligation if tenants meet certain qualifying criteria, with funding potentially available from major energy companies such as E.ON for insulation and new heating measures.”

Source: https://www.landlordtoday.co.uk/breaking-news/2017/4/two-third-of-landlords-unaware-of-new-energy-efficiency-rules

housing market-guarantee my rent

Uncertainty keeps the housing market in lethargy

housing market

Uncertainty keeps the housing market in lethargy, shows latest RICS survey

Uncertainty is stifling housing market sentiment among respondents as the latest Royal Institution of Chartered Surveyors (RICS) Residential Market Survey, suggests.

According to RICS, the further deceleration in house price inflation is at a headline level, although this masks significant regional variations, while the more cautious tone of respondents regarding sales activity shows little signs of turning with the net balances for new buyer enquiries, new instructions and agreed sales still stuck in negative territory. Significantly this is now also being reflected in the twelve month sales expectations indicator where the net balance reading has slipped to its lowest level since the immediate aftermath of the referendum.

The results of the survey point that the headline price balance eased from +17% to +7% in June, the softest reading since last July, however, this loss of momentum is not reflective of the underlying trend in all parts of the country. London data (largely picking-up the prime market) continues to return the most negative net balance with no real easing observable in the pace of decline (of prices). Alongside this, the price balance is now more subdued in both the South East (which also better captures the mainstream market within the capital as well as the wider region) and East Anglia whilst the North continues to show little change from recent readings. There are, however, some notable exceptions with Northern Ireland posting a net balance of +41%, Wales a reading of +38% and the West Midlands and the North West at +33% and +28% respectively.

Turning to the activity indicators, RICS survey showed that respondents once again recorded a decline in newly agreed sales with a net balance of -5% consistent with a fall in transactions in the latest results. This is the fourth consecutive negative reading and reflects both a lack of stock coming on to the market and a more cautious stance from buyers over recent months.

Significantly the new instructions net balance fell again (-19%); this is the sixteenth month in a row that more contributors have indicated property coming into the market has dropped (rather than risen). Against this backdrop, average stock levels have slipped (albeit only very marginally) to a new low.

The June survey also showed that at a national level, 44% of contributors identified domestic political uncertainty as the biggest factor explaining the current state of the market. This compares to 27% who highlighted Brexit as the most important factor influencing the picture. Significantly, most parts of the UK apart from the capital showed a fairly similar pattern to the headline numbers. Interestingly in London, the political climate, Brexit and the changes in Stamp Duty were all equally citied as contributing to the lethargy.

The Royal Institution of Chartered Surveyors expects that transactions in the near term (next three months) will remain broadly stable with a net balance +8% expecting an increase in sales nationally (rather than a fall); this is little changed from the +6% reading recorded in May.

Meanwhile, there is now also a little more caution in terms of the outlook for sales growth over the next twelve months with the heading net balance dropping from +26% to just 12%, which is the lowest result since June last year.

In the (monthly) lettings market results (which are compiled on a non-seasonally adjusted basis), tenant demand edged up slightly over the month but new landlord instructions continue to decline. The rental expectations series rose in June but the underlying picture appears consistent with rents at a headline level continuing to increase at roughly the same pace as in recent quarters.

In the meantime the five year expectation series show some moderation in perceptions as to where prices and rents are likely to go over the medium term.

For prices, the latest reading points to an average annual increase of 3.2% in each of the next five years while for rents the comparative figure is 3.6%. Although these projections remain above the likely increase in average earnings over the period, they are lower than recent readings suggesting that affordability issues may be impacting on expectations.

Source: http://www.rics.org/us/knowledge/market-analysis/rics-residential-market-survey/

foreign investors- guarantee my rent

Thousands of London’s homes suitable for first-time buyers are being snapped up by foreign investors

foreign investors

Thousands of London’s homes suitable for first-time buyers are being snapped up by foreign investors

According to a new research carried out for Mayor of London Sadiq Khan, overseas buy-to-let investors bought 3,600 of the 28,000 newly build homes in the capital between 2014 and 2016, priced between £200,000 and £500,000.

The most popular areas for purchases were the City of Westminster (11%), the Tower Hamlets (9.6%) and the Greenwich (9%).

The research showed that a substantial percentage of all of the purchases comes from overseas investors from South East Asia.

According to the data 61% of all of the purchases were from people in just four countries; Hong Kong (28%), Singapore (20.1%), Malaysia (7.5%), and China (5.4%).

According to the research by the University of York and the London School of Economics, more than 70% of the homes bought by foreigners were as rental investments and in 15% of cases the properties were bought by companies, one in six of which were in the offshore tax havens of the British Virgin Islands, Channel Islands, Isle of Man and the Cayman Islands.

The storm of overseas investors who buy London properties to let, in a city that is already failing to build enough homes to keep up with its rising population, affects those trying to get on to the property ladder as they will face even more competition for the properties they want to buy.

The findings triggered calls for the mayor and London boroughs to block foreign buyers until Londoners have had an opportunity to buy. The HomeOwners Alliance, which represents current and would-be homeowners, said the trend was “alarming” and “unfair” to first-time buyers.

Khan stressed that he was determined to help Londoners who wanted to buy their first home and the supply of new affordable homes remained his “top priority”.

Eco friendly houses

The most spectacular eco – friendly building designs

Eco friendly houses

Eco Friendly Houses

Global climate change is the biggest environmental challenge of our generation.

The changing climate affects every living being in a broad variety of ways, as it alters rainfall, influences crop yields, affects human health, causes changes to forests and other ecosystems, and even impacts our energy supply.

Governments and individuals from all around the world are beginning to understand that this is the end of the line and that we must urgently do something about it in order to stop this catastrophic domino effect.

One of the actions we must take among others is the task of building eco-friendly houses as they are designed and built with materials and technology that reduces their carbon footprint.

The benefits of an eco-house are many.

They have minimal heating costs.

They are built from harmful free materials.

Their heat recovery system can eliminate dampness and the moulds that are so often a health hazard.

The air intake filters prevent dust coming in with the incoming fresh air and the internal vacuum cleaner system extracts dust from the house and vents.

As you can imagine eco-houses is the solution of the future for the well-being of our planet, as they build with the philosophy to reduce our environmental footprint.

To live more simply, to minimize energy costs with clever choices while at the same time being in a space where you love to spend your time is a luxury fit for everyone.

These eco-friendly houses have a truly inspired design and give us a taste of how the future is going to look like.

Conservatory Design Ideas

Conservatory design ideas

Conservatory

Conservatory Design Ideas

Used as greenhouses or sunrooms conservatories originated in the 16th century when wealthy landowners sought to cultivate citrus fruits such as lemons and oranges that began to appear on their dinner tables brought by traders from warmer regions of the Mediterranean.

Today a contemporary conservatory can have many different functions as it can serve as an additional living room, a garden room, a spacious dining room or an open-plan kitchen.

Conservatories are the perfect place for relaxation for people who love to gaze their beautiful gardens inside the comfort of a bright and breeze room that can protect them from the hot or the gold weather as they can have excellent thermal efficiency. Modern conservatories are superbly insulated, secure and come in a huge range of designs.

Attached to your house a conservatory can add value to your property because of the extra space that is created and off course because of their elegant design.

Traditional or contemporary the design of your conservatory is a choice that has to be in perfect balance with the style of the rest of your house, while the dimensions of this extra room must be considered according how much of your garden are you willing to sacrifice.

On the following photos you can see some brilliant design ideas for conservatory.

facility management- Guarantee my rent

Facility owners suffer without facility management

facility management- Guarantee my rent

Facility owners suffer without facility management

It’s true, in the modern day facility management is no longer a luxury of the rich- rather it is a core necessity of every company with assets that comprise of facilities and staff. Whether you think this is a good or bad thing, it’s a fact; it is simply unavoidable for a myriad of reasons.

Firstly, you may already know that there are set legal requirements of facility management and when starting an enterprise (such as in property) there is a big risk of not meeting facility requirements (which are often complex) and incurring substantial fines.

If you didn’t already know, if the conditions of a property are not up to a certain standard tenants can with-hold rent! This causes a lot of problems for you, as you take the tenant to court to get your rent. Through the service of Adelfia though, our facility managers will dramatically mitigate the risk of this ever occurring by ensuring that standards are up to scratch. This can happen in offices as well!

If that’s not enough, your facilities are your most valuable asset. Here at Adelfia our facility managers have the expert knowledge to exponentially increase the value of your facilities while keeping costs down!

How you present yourself and your company is what forms your corporate image, when people think of your company they think of your facilities- which if in disarray will not reflect well.

Again, if you’re not getting the message yet- facility management matters! It does, it can be the difference between an efficient and smoothly running office block, with no problems and satisfied clients; and an inefficient office block, struggling to attract business.

Hiring Adelfia will ensure that all your facilities are run smoothly and efficiently- if anything goes wrong you won’t need to worry about finding builders, electricians etc. to fix it, you won’t have to spend hours poring over the yellow pages, squinting to find that one man who can do it cheap. If anything goes wrong Adelphia will be right there, with our experienced facility managers to deal with the problem as efficiently and quickly as possible.

Thus businesses suffer without facility management- don’t believe me?

Google it.

mortgage

Flat fees for buy to let mortgages dropped to a new low

mortgage

Flat fees for buy to let mortgage dropped to a new low

The flat fees for buy to let mortgages dropped to a new low according to the latest edition of the Buy to Let Mortgage Costs Index, published by Mortgages for Business.

The new data showed that flat fees for buy to let mortgages fell lower than they have been at any point in the past twelve months.

The average flat fee among buy to let mortgage products fell by more than 5% in Q2, down to £1,370 from £1,446 in Q1. This will be welcome news to landlords favoring these fee structures, who stand to save an average of £76 in fees on every mortgage they take.

However, percentage based fees are becoming increasingly common with lenders, likely as a way to keep interest rates low while still allowing profits to scale with larger loans. Percentage based fees now apply to 48% of buy to let mortgage products, having overtaken flat fees on product availability at the start of the year. These products have increased in number in every quarter since Q2 2016.

Commenting on the results, Steve Olejnik, COO of Mortgages for Business has said:

“With interest rates still at exceptional lows, it’s all the more important to make sure you look at any additional charges when taking a buy to let mortgage. It is therefore promising to see a reduction in the average flat fee charged for mortgage products.”

With the percentage fees becoming more common and no change in the prevalence of flat fees, it is only natural that we have seen a reduction in the availability of fee-free options. Just 11% of buy to let mortgage products carried no arrangement fees in Q2, down from 15% in Q1.

The index can be found: http://www.mortgagesforbusiness.co.uk/research-data/buy-to-let-mortgage-costs-index/

Source: http://www.mortgagesforbusiness.co.uk/news-insight/2017/july/buy-to-let-mortgage-flat-fees-reach-new-lows/

house prices

At record low the gap of house prices between weakest and strongest performing regions

house-prices

At record low the gap of house prices between weakest and strongest performing regions

The second quarter of 2017 saw further convergence in regional price growth. The gap between the weakest and strongest regions (in terms of annual price change) fell to just four percentage points – a record low, according to Nationwide House Price Index.

As Nationwide reported East Anglia was the strongest performing region, with average prices up 5% year-on-year. London saw a notable slowing in growth to 1.2% and was the second weakest region in Q2, just above the North (1.1%).

Annual price growth in Northern Ireland was stable at 3.8%. Scotland saw a slight softening in growth to 1.7%, while Wales was similar to last quarter, at 1.4%.

Average house prices in England fell by 0.3% during the second quarter and were up 2.8% over the last 12 months.

Regions over the last 12 months

Region Average Price

(Q2 2017)

Annual % change this quarter Annual % change last quarter
East Anglia £220,362 5.0% 5.7%
South West £237,525 4.4% 5.4%
North West £155,743 4.1% 5.0%
East Midlands £173,824 4.1% 4.9%
N Ireland £133,449 3.8% 3.8%
West Midlands £180,722 3.6% 4.5%
Outer SE £274,836 3.5% 6.4%
Yorks & H’side £151,947 2.3% 2.5%
Outer Met £362,338 2.1% 3.6%
Scotland £143,673 1.7% 2.9%
Wales £148,018 1.4% 1.2%
London £478,142 1.2% 5.0%
North £125,237 1.1% -0.4%
UK £209,971 2.8% 4.1%

For the first time in eight years, price growth in Northern England (West Midlands, East Midlands, Yorkshire & Humberside, North West and North) exceeded that in Southern England (South West, Outer South East, Outer Metropolitan, London and East Anglia). Northern England saw a 3.3% year-on-year increase, while in the South prices were up 2.6%.

Regional growth rates may have converged, but there are still significant disparities in price levels. This is particularly apparent when looking at prices relative to their 2007 peak. For example, prices in London are 55% above 2007 levels, while those in the North, Yorkshire & Humberside and North West are still lower than their 2007 peaks.

Commenting on the figures, Robert Gardner, Nationwide’s Chief Economist, said:

house prices

“There has been a shift in regional house price trends. Price growth in the South of England has moderated, converging with the rates prevailing in the rest of the country. In Q2 the gap between the strongest performing region (East Anglia, which saw 5% annual growth) and the weakest (the North, with 1% growth) was the smallest on record, based on data going back to 1974. Nevertheless, when viewed in levels, the price gap between regions remains extremely wide.

“London saw a particularly marked slowdown, with annual price growth moderating to just 1.2% the second slowest pace of the 13 UK regions and the weakest pace of growth in the capital since 2012.

Source: http://www.nationwide.co.uk/~/media/MainSite/documents/about/house-price-index/2017/Jun_Q2_2017.pdf

 

haunted properties

Beautiful haunted properties around the world

haunted properties

Beautiful haunted properties around the world

Some of the most beautiful historic properties around the world share a paranormal past.

Physical illusions, waking dreams, or real paranormal phenomena, no matter the cause, the houses that follow are perceived as being inhabited by disembodied spirits of the deceased who may have been former residents or were familiar with the property.

haunted properties

Casa Loma, Toronto

Casa Loma’s long history is full of tales of strange noises, voices, apparitions and invisible grabbing hands. Tourists and staff at Casa Loma have often reported episodes of haunting in this century-old castle. The White Lady seems to be the most popular of the ghosts; a number of guests and cafeteria staff they have witnessed a woman dressed in white haunting the palace. She is believed to be a maid who worked at Casa Loma in the early 1900s.

haunted properties

William Kehoe House, Savannah, Georgia

Built on Columbia Square in Savannah, Georgia, the Kehoe House was completed in May of 1892. It was built for William Kehoe and his family where they lived for a number of years with their children and it is known that some of their children passed away inside of the house.

The ghosts of children are some of the most reported ghostly occurrences in the house. One of the stories that won’t die is the story of two of the Kehoe children getting stuck in the chimney. Rumors say they were never able to escape and died in that chimney.

haunted properties

Woodruff Fontaine House, Memphis, Tennessee

Completed in 1871, this house (now a museum) was built for Amos Woodruff, a local businessman.  His daughter Mollie was married in the house and lived here her whole life.  Mollie’s spirit has been seen repeatedly throughout the house and has even interacted with employees.  On one occasion, Mollie appeared to a couple of employees in order to explain that she would like the furniture rearranged according to how she’d always placed it in the house.  Impressions are often left on her bed as if someone were sitting there.  While Mollie’s spirit is certainly kindly, there is a more hostile male entity that frequents the first and third floor, leaving the second to Mollie.  This particular entity greets many people with an overwhelming sense of hostility, and one woman even had her necklace ripped off of her.

haunted properties

Poveglia Island, Venice, Italy

Poveglia has a dark past indeed! This tiny island was used from 1793-1814 as a plague quarantine station and it is said to have hosted over 160,000 infected souls living out their final days and hours, there are whispers that 50 percent of the soil consists of human remains.

In 1922, a mental hospital was opened on Poveglia. Local legend says that one doctor at the hospital tortured and killed many of his patients, butchering them horribly only to later die by falling from, or possibly being thrown off of, its bell tower.

haunted properties

Château de Brissac, Brissac-Quincé, France

Château de Brissac is perhaps best known as the site of the grisly murder of Charlotte of France. Legend has it that Charlotte, the illegitimate daughter of King Charles VII, was killed by her husband after he discovered her adulterous behavior. The Green Lady, named for the color of the dress in which she died, is said to haunt the castle’s tower.

haunted properties

Raynham Hall, Norfolk, England

The Brown Lady of Raynham Hall is a ghost which reportedly haunts Raynham Hall in Norfolk, England. It became one of the most famous hauntings in Great Britain when photographers from Country Life magazine claimed to have captured its image. The “Brown Lady” is so named because of the brown brocade dress it is claimed she wears.

According to legend, the “Brown Lady of Raynham Hall” is the ghost of Lady Dorothy Walpole (1686–1726), the sister of Robert Walpole, generally regarded as the first Prime Minister of Great Britain.

beautiful temples

Beautiful temples around the world

beautiful temples

Beautiful temples around the world

Wat Rong Khun ‘White Temple’, Thailand

Wat Rong Khun, better known as the White Temple, is a contemporary, unconventional, privately owned, art exhibit in the style of a Buddhist temple in Chiang Rai Province in Thailand. It is owned by Chalermchai Kositpipat, who designed, constructed, and opened it to visitors in 1997.

Sanctuary of Truth, Thailand

Sanctuary of Truth is a religious construction in Pattaya of Thailand.The sanctuary is an all-wood building filled with sculptures based on traditional Buddhist and Hindu motifs. The top of the building is 105 meters high, and the building covers an area of more than two rai. It features contemporary Visionary art based on traditional religious themes. The project was initiated as an idea of Thai businessman Lek Viriyaphant in 1981, and is scheduled to be complete in 2050.

The Temple Of Heaven, Beijing

The Temple of Heaven is an imperial complex of religious buildings situated in the southeastern part of central Beijing and has been regarded as a Taoist temple.

The Temple of Heaven was inscribed as a UNESCO World Heritage Site in 1998 and was described as “a masterpiece of architecture and landscape design which simply and graphically illustrates a cosmogony of great importance for the evolution of one of the world’s great civilizations…” as the “symbolic layout and design of the Temple of Heaven had a profound influence on architecture and planning in the Far East over many centuries.

Meenakshi Temple, India

Meenakshi Temple is a historic Hindu temple located on the southern bank of the Vaigai River in the temple city of Madurai, Tamil Nadu, in India. It is dedicated to Parvati, known as Meenakshi, and her consort, Shiva. The temple forms the heart and lifeline of the 2,500-year-old city of Madurai and is a significant symbol for the Tamil people, mentioned since antiquity in Tamil literature. Though most of the present structure was built between 1623 and 1655, it is said that the temple was originally built in the 6th century BC by survivors of the Kumari Kandam.

Candi Prambanan Temple, Indonesia

Candi Prambanan or Candi Rara Jonggrang is a 9th-century Hindu temple compound in Central Java, Indonesia, dedicated to the Trimurti, the expression of God as the Creator (Brahma), the Preserver (Vishnu) and the Destroyer (Shiva). The temple compound is located approximately 17 kilometers northeast of the city of Yogyakarta on the boundary between Central Java and Yogyakarta provinces.

The temple compound, a UNESCO World Heritage Site, is the largest Hindu temple site in Indonesia, and one of the biggest in Southeast Asia.

My Son – Vietnam

My Son is a cluster of abandoned and partially ruined Hindu temples constructed between the 4th and the 14th century AD by the kings of Champa. The temples are dedicated to the worship of the god Shiva, known under various local names, the most important of which is Bhadreshvara.

The My Son temple complex is regarded one of the foremost Hindu temple complexes in Southeast Asia and in 1999 was recognized by UNESCO as a world heritage site.