Bayswater Apartment for Rent, Gloucester Terrace,

Gloucester Terrace, Bayswater, London, W2

1 Bedroom
1 Reception Room
1 Bathroom

A very spacious first floor one double bedroom apartment situated close to Lancaster Gate tube. Benefits include open plan fitted kitchen with appliances, bright reception room, bathroom with shower and wc, part furnished, available now.

London Apartment for Rent Bayswater

Hometracks Monthly National Housing Survey

Hometracks Monthly National Housing Survey reported that house prices in both January and February saw little movement, with just a small 0.1 per cent increase in London property values.

The number of potential buyers registering with estate agents rose 18 percent over the month, the largest gain for five years. Richard Donnell, director of research at Hometrack, says: “Our latest survey shows a marked improvement in housing market conditions with February seeing an 18% increase in the number of applicants registering with agents. This is the strongest level of demand seen since the start of the downturn.

The figures partly reflect people looking to take advantage of a two-year stamp-duty exemption for first-time buyers. Mr Donnell commented " “Activity amongst first-time buyers looking to beat the Stamp Duty holiday - which ends on March 24 - has provided an additional and artificial boost to the figures.”

Hometrack said the supply-demand balance suggests property prices will resume their decline in the coming months as banks restrict lending and Britons are squeezed by government budget cuts and rising unemployment.

UK Property Survey News

Australian Are Buying London Property to Let

Earls Court Flats & Houses For Sale & Rent: Australian Are Buying London Property to Let: Increasing number of Australian buyers are purchasing property in London with a view to renting them out, it is claimed. According to Lond...

Westminster Will Continue To Provide Public Conveniences

Vital public loos across the centre of London will remain open for at least the next ten years as Westminster City Council is set to protect services and save money under innovative new proposals.

Plans are being finalised which will see the council’s 20 permanent facilities being leased out to a private provider and, as a result, safeguarded from any threat of closure. The contract will involve at least 50 per cent of the sites being free for all users with the remainder charging a maximum of 50p, set to be introduced in April.

Currently Westminster has one of the most extensive networks of public loos in the country, but that comes at a cost of £2.1m a year to the taxpayer to run the 20 sites. Even though local authorities have no statutory duty to provide public conveniences, Westminster has for many years ensured that these facilities remain open.

This is against a national back drop of a significant decline in the number of public conveniences with the problem particularly acute in London. In fact the capital has seen the biggest decline in the number of local-authority run public toilets – a closure rate twice that of the country as a whole.

Westminster is bucking the trend by providing a high quality and extensive network of public conveniences throughout which are visited more than 8 million times a year.

First Time Buyers Fee Free Mortgages

Halifax has announced plans to help first-time buyers get a foot on the property ladder with a new fee-free mortgage.

The home loan, which lasts for two years and has a fixed interest rate of 5.99 per cent over this period is available to those with a deposit of between ten and 15 per cent of their new home's value.

With mortgage fees typically adding up to around £995 the loan is certain to seem attractive to first-time buyers looking to save a bit of cash.

For the bank's current account customers there will be an additional £150 cash-back bonus on completion of the mortgage.

"Buying a house has always been an expensive process and for first-time buyers every bit of help counts," commented Halifax's mortgage director Stephen Noakes.

Last month, Leeds Building Society also offered a helping hand to first-time buyers in the form of a mortgage with a five-year fixed rate at 4.94 per cent with 95 per cent loan-to-value.

Mortgage Rate and Home Loan News

Boris Johnson Outlines Housing Plans For London

Speaking at the National Housing Federation London Mayor Boris Johnson outlined the details of his revised housing strategy which would deliver 55,000 affordable homes in London by 2015, including 16,000 in the current financial year – the most since the mid-1990′s.

The new housing will be designed to the Mayor’s larger spaces standard which will mean more decent-sized family homes.As well as providing over 100,000 jobs in the next four years, these new affordable homes should also provide a much needed stimulus to housing mobility. By upgrading 40,000 council homes and by creating more affordable homes the plans will allow more Londoners than ever to get on the housing ladder. This should have a knock-on effect across the market with an increase in buyers over the four years and therefore steady growth.

This movement in the market will be spurred on by the government’s mortgage indemnity scheme which would decrease mortgage deposits to just 5% for first-time buyers allowing more of those stuck renting to gain a footing on the housing ladder.

The Mayor also has plans to reform the rental market by accrediting 100,000 landlords in an attempt to improve the quality of service in the sector. While this will help to raise confidence in the rental sector it will also make finding the best tenants a more difficult task. For landlords living outside of the capital that may mean using a property rental management service to ensure they are providing the most attentive service to their tenants.

CML pleased with FSA's changes to mortgage lending rerquirements

Maida Vale Flats & Houses For Sale & Rent: Mortgage Rate & Home Loan News: CML pleased with F...: The Council of Mortgage Lenders (CML) has said that it is pleased with the proposals for reform on mortgage lending put forward by the Fina...