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If you're thinking about buying a tenanted property, there are a number of things to consider.

Firstly, it is recommended that you instruct a conveyancer who is experienced in dealing with purchases that are subject to an ongoing tenancy. Whilst the process for transferring the title deeds is the same, some additional work will be required of your solicitor.

Secondly, if you are relying on mortgage finance for the purchase, you will require a buy to let mortgage – residential mortgages are not suitable for tenanted properties.

Find out whether the seller or an agent is managing the property

A lack of sellers and a huge surge in the number of people looking to buy a home has pushed the average asking price of homes coming on to the market in April up to an all-time high of just over £286,000.

The report from Rightmove further highlights Britain’s housing crisis and comes in the wake of a series of announcements by party leaders that have made property a key election theme.

March was the property portal’s busiest ever month since its launch in 2000, with the number of people looking at homes up 20% year-on-year. However, at the same time the number of new sellers listing on the

Award-winning brand Auction House has just released impressive first quarter results for 2015, successfully selling a total of 611 lots in the first three months of the year - outperforming all other UK auctioneers.

The group offered 816 lots in the period, equating to a success rate of 75%, and raising a total of £69 million.

Commenting on the figures, Auction House Founding Director Roger Lake said: “Yet again, Auction House’s Q1 results are unmatched by any other auctioneer in the country. We’re particularly pleased that the group is performing so well in these months of uncertainty just

An iconic Newport building which was once an award-winning restaurant is on the market to the highest bidder.

The building, in the city’s historic and improving Lower Dock Street, which for a decade housed the popular, award-winning The Chandlery restaurant before it closed in May 2013, is for sale through Newport-based Paul Fosh Auctions.

The substantial, three-storey former ship's chandlers premises, which very briefly reopened for 12 days as a French-style bistro in October 2013, but which has lain empty since then, includes a premises to the rear which is let to Midnight Motor Factors plus

Selling a property by auction is easier than many people think, and the prices that we achieve are usually higher than expected too.

It all starts with an email enquiry or a phone call to us. We will pass on your details to the best performing auction house in your area, at which point you'll be asked about your property, your situation and your requirements.

An Auctioneer or an Auction Valuer will visit and inspect your property, then advise you on the best method of sale. If it is 'Sale by Auction,' you will be given Guide Price recommendations, and our auctioneers will talk you through the

Vacant and tenanted properties across Leeds are set to tempt investors at Eddisons’ next auction this Thursday.

Among the lots is Virginia Cottage, a vacant five bedroom house close to Street Lane in the popular area of Roundhay. Arranged for multiple occupancy, it has previously produced annual income of £18,600. The guide price is £150,000+.

Meanwhile a newly constructed four bedroom house at The Blossoms in Methley is guided at £140,000+. Arranged over three floors the vacant property enjoys a spacious layout including a modern dining kitchen, separate lounge and a jack and jill ensuite to

The number of mortgages being granted across the UK hit a six-month high in February, Bank of England data shows.

During the month, 61,760 mortgages were approved - just over a thousand more than in January.

It was the third month in a row that approvals have risen, and the highest figure since August 2014.

Even though the rise was small, economists said it indicated that the housing market had bottomed out, and was now facing a steady improvement.

Nevertheless the number of approvals is still well below the recent peak of 75,453 in January 2014.

"Housing market weakness has bottomed out, and

Sutton Kersh has attracted 131 lots for its property auction on Thursday 16 April.

Among the lots going under the hammer is a substantial vacant residential property with investment and resale potential on Croxteth Road in Liverpool.

The three storey semi-detached close to Sefton Park and Princes Park has been converted to provide 13 self-contained flats, which could produce annual rental income of over £65,000 when fully let. It is being offered at a guide price of £400,000 plus on behalf of a housing association.

Meanwhile, a vacant three storey Victorian property on Judges Drive in Newsham

Local estate agents Aston Mead have described the failure to increase the inheritance tax threshold to £1m in today’s Budget as “a missed opportunity”.

Plans to raise the threshold were included in the Conservative manifesto before the 2010 election, but failure to reach an outright majority meant the proposals did not make it into the Coalition agreement. However, in a speech last October, Prime Minister David Cameron repeated his intention to “shoehorn” the move into his final Budget before the General Election.

Aston Mead Managing Director Charles Hesse said: “The existing allowance is

The latest data from The Office For National Statistics has revealed that UK house prices increased by 8.4% in the year to January 2015, a drop of 1.4% compared to the previous month.

The report highlighted that annual house price growth is beginning to show signs of slowing across the majority of the UK with increases in England mainly driven by a 13% annual increase in London. The average UK mix-adjusted house price in January 2015 was £273,000.

The lowest growth in January 2015 was in Yorkshire and the Humber, where prices increased by 3.6% over the year. Excluding London and the South East