For many landlords over summer 2012 the Olympics means big money as four bedroom houses are looking for £8,000 a week and two bedroom maisonettes will be asking for £20,000 a month.

As the people in London are aware that big money is going to be the case they are planning to move out of their current homes from July to end of August and renting it to tourists or big companies needing somewhere close by.

Anyone that looks to rent over the Olympic period should realise that their two months of wanting to be in a property just for the Olympics has probably made the landlord evict previous tenants. Many new landlords are asking for clauses to be placed into their tenancy agreements stating that they are allowed to evict tenants for a convenient ‘holiday let’ throughout the Olympic period.

Tenants are getting very nervous about being kicked out of their homes for the Olympics, as some landlord have even asked their tenants to go on holiday for August 2012 to which there tenants replied are you paying.

First time buyers are being targeted by banks and building societies as mortgage percentages available are increasing allowing first time buyers the chance to get onto the  property ladder with a smaller deposit.

Some banks have launched a fee-free mortgage with the maximum loan to value on offer for 90% including a lifetime tracker. Banks have put aside £250m for the lending to first time buyers up until the end of the year.

For first time buyers with 10% there are lower rates available but fees will be charged. The headlines of first time buyers not being able to get a mortgage are being cancelled out this month due to the situation with mortgage lending getting better.

Many building societies are starting to offer 95% mortgages whereas Aldermore mortgages are offering a 100% mortgage for buyers with no deposit although a borrower will need a family member to stand guarantor and it comes with a fee of £1,298.

However even though the mortgage percentages on offering are increasing the lending criteria is still getting tighter so even if the first time buyers are able to get some sort of deposit then they are not able to get on the property ladder.

E.Surv surveyors have commented to say that first time buyers have fallen to their lowest since November 2010 and lenders are moving from the high LTV lending and moving on to more wealth borrowers that don’t need such a big mortgage.

NatWest actually removed their 90% mortgage on offer and it doesn’t look like their will be any replacement.

First time buyers are being targeted by banks and building societies as mortgage percentages available are increasing allowing first time buyers the chance to get onto the  property ladder with a smaller deposit.

Some banks have launched a fee-free mortgage with the maximum loan to value on offer for 90% including a lifetime tracker. Banks have put aside £250m for the lending to first time buyers up until the end of the year.

For first time buyers with 10% there are lower rates available but fees will be charged. The headlines of first time buyers not being able to get a mortgage are being cancelled out this month due to the situation with mortgage lending getting better.

Many building societies are starting to offer 95% mortgages whereas Aldermore mortgages are offering a 100% mortgage for buyers with no deposit although a borrower will need a family member to stand guarantor and it comes with a fee of £1,298.

However even though the mortgage percentages on offering are increasing the lending criteria is still getting tighter so even if the first time buyers are able to get some sort of deposit then they are not able to get on the property ladder.

E.Surv surveyors have commented to say that first time buyers have fallen to their lowest since November 2010 and lenders are moving from the high LTV lending and moving on to more wealth borrowers that don’t need such a big mortgage.

NatWest actually removed their 90% mortgage on offer and it doesn’t look like their will be any replacement.

Remortgaging has also shown a rise. CML however have produced a survey from surveyors and they have revealed that the UK and European economies are knocking the confidence of the housing market. Fewer homeowners are putting their property on the market at the moment due to being so fragile.

Compared to August last year the market is still 1.3% lower according to the house surveys taken in August.

This month’s homes rose in value by 0.6% compared to July with the average price valuing at £208,476. Various surveyors throughout the past couple of months have shown that house prices have remained relatively static.

This autumn mortgage borrowing is on the up according to many lenders releasing the correct mortgage types for people needing funding for their sales. The number of loans being taken out this month is recorded as being one of the highest this year.

Mortgage approvals have been the highest since December 2009. Remortgages also rose by 30% compared to this time last year as many owners took advantage of the low mortgage rates.

Prices are yet to see the change in the market due to the interest being generated through buyers and sellers. A survey that was produced shown that in Wales house prices fell by 0.3%, 1.2% in England, 1.5% in Scotland and a massive 4.3% in Northern Ireland compared to 2010.

Surveyors are predicting the market to continue to fall in the next three months rather than rise. CML have confirmed that a 20% deposit is still required by first time buyers to secure a mortgage 

52,000 home loans were advanced for house purchases this is 7% higher than in July says Council of Mortgage Lenders. Although this still doesn’t suggest a massive housing boom this year.

Remortgaging has also shown a rise. CML however have produced a survey from surveyors and they have revealed that the UK and European economies are knocking the confidence of the housing market. Fewer homeowners are putting their property on the market at the moment due to being so fragile.

Compared to August last year the market is still 1.3% lower according to the house surveys taken in August.

This month’s homes rose in value by 0.6% compared to July with the average price valuing at £208,476. Various surveyors throughout the past couple of months have shown that house prices have remained relatively static.

This autumn mortgage borrowing is on the up according to many lenders releasing the correct mortgage types for people needing funding for their sales. The number of loans being taken out this month is recorded as being one of the highest this year.

Mortgage approvals have been the highest since December 2009. Remortgages also rose by 30% compared to this time last year as many owners took advantage of the low mortgage rates.

Prices are yet to see the change in the market due to the interest being generated through buyers and sellers. A survey that was produced shown that in Wales house prices fell by 0.3%, 1.2% in England, 1.5% in Scotland and a massive 4.3% in Northern Ireland compared to 2010.

Surveyors are predicting the market to continue to fall in the next three months rather than rise. CML have confirmed that a 20% deposit is still required by first time buyers to secure a mortgage

A survey showed that 38% of families in rental accommodation have cut down on their food shopping in order to pay the rent. Renting has always been considered as the cheaper option to home ownership, but not now the credit crunch and high house prices have caused potential home buyers to stay as tenant and also increased their rent.

Due to the shortage of housing association and local authority properties many people who qualify for social housing have had to go into private renting, the increase has been a massive one million over five years.

Increased demand has pushed rents right up throughout England, with London seeing the biggest increase averaging £1,360 per calendar month. 55% of earning in London is spent on the rent for many people.

Due to the local housing limit tenant eligible for housing allowance are finding it very difficult to get a property with low rental and fitting their needs. 8% of local authority houses in England were extremely unaffordable.

“We have become depressingly familiar with first time buyers being priced out of the housing market, but the impact of unaffordable rents is more dramatic. Campbell Robb, chief executive of Shelter

According to Halifax bank the price of terraced houses have increased more than any other type of property, this is increase is the highest seen in ten years. Bungalows were the next property type to see a rise by 67% slowly followed by semi-detached properties reaching a 62% increase.

Flats and maisonettes have seen the lowest rise this quarter only rising by 49%.

Terrace houses are proven to be the strongest for demand due to the affordability of the properties which detached properties have seen a huge fall in demand compared to how it was.

Despite the rise a terrace house is still 45% cheaper than an average detached property. Surprisingly London saw the smallest gains whereas Scotland and Yorkshire accounted for the biggest price rise.

During the past three months up to September the prices have been unchanged in the housing market, due to the economy debt crisis that has hit homebuyers.

Nationwide however have predicted that the housing prices will remain fairly stable throughout the rest of 2011 even though the global economy is looking dull. As there has been a rise in people looking for jobs, potential buyers have been hit quite hard. This added to the number of properties being placed on the market have led to the market conditions being how they are.

During the current market times are difficult for seller especially if they are not willing to lower their asking price.

Properties in Hartlepool are selling for ridiculous prices as many people are facing repossession so dropping prices is always at option.

The huge demand is taking rents up which is also causing deposits to rise.

Rents rose to an average of £713 a month for the seventh month in August and to a whopping £1,025 pcm in London, the deposits in London are well over a £1,000.

With rents and deposits so high and due to continue to rise tenants that are renting for the first time need to make sure that they have a clear credit rating and suitable references to be in with a good chance of being picked for the property they you want.

“You may be able to rent more cheaply if you can compromise by living a bit further out of town, taking a smaller room in a house-share, or sharing a room with your partner,” Matt Hutchinson, Spareroom.co.uk

Arrears therefore seen and increase for the first time since April, because of the high demand in the rental market there has been no alternative but to up the cost of the monthly rents as landlords are finding that they are benefiting.

In the last two year the average rent has increased by £50 each month, graduates are one of the main people that are causing the growth in the rental market as they are looking for their first home as cannot afford the high deposit for a first time buyer.

Managing Director of LSL, Mr David Newnes has said that he did expected rents to rise further in upcoming months. This is bad news for all the people that have been renting for a long period of time so that they would be able to afford the huge deposit on their first mortgage.

One person had been renting since 1992 and had saved up a £20,000 deposit but didn’t believe it was the right time to buy at the moment, as he would like to get his mortgage clear by the time he reached his pension. He is 70% sure that he wants to buy at the moment but is just looking to see if that increases as he believes that the rental market is still affordable.

LSL, who own Your Move and Reeds Rain, produced a survey that suggested that London had seen the biggest rise in the rental market than anywhere else, rising by 6.6%.

The only falls that were seen were In Yorkshire and the Humber where the drop was 0.5% compared to last year.

Arrears rose by 10.7% as a huge amount of the UK either failed to pay their rent or was late by the end of August. This increase was up by 9% compared to July, this is often the case though in August as the summer holidays is a hard time for many parents.

Riots in August resulted in some shops shutting earlier than usual therefore reducing there hours and losing them custom. However when asking retailers what they thought some said they were at a lost because of the riots but some believed that there sale prices had increased due to shoppers changing their behaviour.

Due to rising prices sales were up by 4.7% compared to August even though the volume fo the sales stayed the same. ONS confirmed this week that the consumer price units had increase to 4.5% in August. Household goods stores saw a massive decrease in sales the percentage being 4.1% compared to a year ago.

In the past three months sales have plummeted in Comet by 22% whereas B&Q have said that there sales only fell by 1%. B&Q also said that they were creating 1,200 jobs this year and were confident that they would have no problem funding these jobs throughout the year.