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The Realities of 4 Weekly Bin Collections

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Weekly bin collections have all but disappeared for UK residents and now the realities of recycling are very much part of waste routines in UK households. However, the recent introduction of 4 weekly bin collections is causing a kafuffle for some residents in Conwy.
The bin collections have been reduced in a bid to meet pressure from Government who wish to comply with EU targets which want to see a minimum of half of household waste recycled by 2020. Conwy is one of the first councils to introduce these measures with more due to follow in England, Wales, Northern Ireland and Scotland. Failure to comply with these targets by 2020 could see councils fined up to £500,000 a day.
Unfortunately, Conwy residents are finding the drop in collections a stretch and are forced to find alternative ways of getting rid of their rubbish such as burning or seeking help from neighbours. For families, the time between bin collections is too long and leaves them trying to find space in anywhere possible and increased time sorting all the rubbish into different bins. Taking the extra rubbish to waste recycling centres could be difficult for some residents who may not have transport or cannot access the centres conveniently.
The strict plans from councils show no signs of abating so the reality is that households may need to find ways of managing their household waste sooner rather than later.
The costs of disposing of waste in Conwy alone is said to be £2.9million each year with the 4 week collections expected to save around £558,000 a year. Conwy council states that recycling has increased by 15% in the early months of the trial so despite some misery from residents it could be a permanent roll out with the savings involved.
Managing household waste is really key in being able to maximise the bin collections in any area. Measures such as being mindful of what you are buying and trying to reuse and recycle as much waste as possible are big factors in not having excess waste. It could also be useful for householders to engage with local waste collection services to help with excess waste removal or bulk collections as they adapt to less frequent council collections.


Both Renters and Buyers Are Paying More

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MoneyIt doesn’t matter whether you are planning to buy your first home or to move into a new rental, the chances are that if you are making your move this autumn, you will be paying higher prices than you would have done a couple of years ago. Both rents and the costs of starter homes have hit new highs, leaving many tenants wondering which of the options for their next move will make the most financial sense.

The average amount spent by first time buyers has reached its highest point for two years, according to estate agency haart. The average cost of a first home is now over £160,000. The market is particularly difficult for first time buyers at the moment. Although the property market as a whole has experienced growth this year, the impact has been strongest for starter homes. In September, the average price for all properties actually dropped by 1.1%, but the average cost of a starter home rose by 4.1% in the same month. While the overall growth is now beginning to slow down, starter homes are still becoming more expensive, and there is more competition between first time buyers than in other parts of the market. However, with the numbers of prospective first time buyers registering with estate agents on decline, the situation might become a little better as the competition for starter homes is reduced.

If these higher prices are enough to put you off buying for the moment, you won’t find much relief in the rental market. According to LSL Property Services, rents have also been on the rise recently. The average monthly rent in England and Wales has reached £768. However, the future could be looking a little brighter for tenants, since the rate at which rents are increasing has been showing signs of slowing down, as often happens at this time of year. In August, rents rose by about 2.4% on average, but the rise slowed to 1.5% in the following month. This slower growth is expected to continue into the next year, with an expected average monthly increase of 1.8% in the next 12 months.


Rental Profits Reach Four Year High

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Rental Property RiseThe news that landlords are making their highest profits in four years will not come as much of a surprise to any tenants who are planning removals between rental properties in one of the higher priced parts of the country, but it will be welcome news to anyone who is investing in rental properties.

The cost of renting a typical home in England and Wales rose to £745 a month during May, a rise of 0.6% over the last month. Although this is a remarkable rise over such a short period, the good news for renters is that the rise has not been consistently sharp. The total rise over the last year was not quite twice this amount, at 1.1%, which means that rents have been growing at less than the 1.5% cost of inflation. On average, tenants are now paying just £8 more than they were a year ago, according to the estimates of LSL Property Services, so if you are looking for a new property to rent, you shouldn’t see much of a difference in the prices that are available in your area. In fact, the prices that you are being charged may have become cheaper in real terms, even if the actual figure seems to have increased, because the rise has been below the rate of inflation. You might actually be saving a few pounds even before your removals van delivers your belongings to your new home.

However, although rents have not matched the rise of inflation over the last twelve months, this does not mean that landlords are suffering. The profits being made on rental profits have just reached their highest levels in four years, if rising property prices are taken into account. Landlords made an average of 5.3% per property during the last year, based on rental charges alone. However, when the total return on a rental property was calculated, taking vacant periods between removals, property prices and other factors into account, the average annual return was 12.2%, the highest level in four years. The average landlord has made just over £20,000 over the last year, with £8107 of this profit coming from rent.


Is Your House Earning More Than You Do ?

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House on ScalesProperty price rises are nothing new to anyone involved in making a purchase or arranging removals, but the speed at which house prices are increasing has been highlighted by a recent report in the Mail Online that compared the rises taking place over the last 12 months in different parts of the UK with the average annual salaries of the people who live there. In 33 of the regions that were investigated, the rise in property prices was more than the average salary, meaning that some of the homeowners in these regions might actually be earning more from their properties than they do from their jobs.

The average price rise in England and Wales over the last year was £10,809, which is less than half the average annual earnings, which were £22,045 in 2013. However, in many areas, the average rise in property prices has grown larger than the average earnings. House prices in London rose 17%, with property in the most valuable boroughs rising by astonishingly high amounts. In Westminster, where the average house price is now £976,822, properties gained an average of £160,810 over the last year alone. This is not just well above the national average earnings, but also much higher than the average earnings for people living in this area, which is £34,092. Properties outside of London, in areas such as Windsor, Maidenhead, Brighton, parts of Birmingham and the Vale of Glamorgan were also gaining more than the average annual earnings over the last year, although the effect was more subtle. The situation in the areas where TH Removals operates is similar. Although Hertfordshire came right at the bottom of the list, with the smallest difference, property prices in the area, growing at an average of £26,538 over the last year, still managed to rise above the average income, £25,993.

The fact that price rises are now higher than average incomes in many areas is great news for anyone who is already a homeowner, but it may pose some problems for buyers who are looking for a mortgage and planning their removals, particularly as lenders are now becoming more cautious about the ratio between incomes and loan sizes.