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Whilst it has been a challenging year for private landlords, the buy-to-let sector continues to offer plenty of investment opportunities, but which cities have had the highest tenant demand and largest number of enquiries in 2017?Taking an in-depth look at tenant enquiries and landlord listings broken down by property type,...
Posted: December 15, 2017, 3:28 pm
Millennials renting in this country will have spent more than £110,000 in rent by the time they are finally in a position to buy a property, according to fresh research.Those renting an average-sized home in the capital having started their tenancies at age 21 will have spent £110,830 by the...
Posted: December 15, 2017, 3:25 pm
Haringey Council has launched a public consultation on plans to introduce two new Selective Landlord Licensing schemes in the London borough.The aim of the consultation, which runs until 5 March 2018, is to assess whether the new scheme should be introduced in an effort to improve the condition of private rented...
Posted: December 15, 2017, 3:23 pm
As well all know, the landlord is required to provide the property, the tenant needs to pay their rent on time and ideally they must both keep to their countless responsibilities, as stated in the tenancy agreement. However, sometimes things can go a little off track and disputes can undoubtedly arise, which is...
Posted: December 15, 2017, 3:22 pm
3mc has launched a new buy-to-let mortgage deal designed for use by British expats, which is funded by Aldermore Bank.Borrowing rates start from 4.18% up to 75% loan-to-value (LTV) for those looking to purchase or remortgage, with no personal income requirements except for first-time landlords. Lending is available to individual residential...
Posted: December 15, 2017, 3:17 pm
Buy-to-let landlords who let out their properties as short-term holiday lets should be hit with fresh taxes to deter them from breaking the government’s clear 90-night limit on short-term letting, it has been suggested. An increasing number of buy-to-let landlords are letting out their homes as short-term holiday lets following the...
Posted: December 14, 2017, 8:00 am
There has been a significant improvement in the letting market, according to board company Agency Express.The number of new rental property listings increased by 12.6% during November compared to the previous month, while the volume of properties ‘let’ was up 2.8% during the same period, fresh data from the Agency...
Posted: December 14, 2017, 8:00 am
TSB has introduced a range of new two-year fixed rate mortgage deals, while Natwest has cut rates on selected deals to coincide with the roll-out of procuration fees from today.TSB’s new buy-to-let range, with each product subject to a £995 fee, is available to purchases and those remortgaging at up...
Posted: December 14, 2017, 8:00 am
There was a symbolic decline in UK rents last month, new figures show.The average UK rent dropped by 0.01% in November, and although marginal, this is the first time rental growth has entered negative territory in at least half a decade, according to the data provided by buy-to-let lender Landbay.According to...
Posted: December 14, 2017, 8:00 am
All letting agents should be regulated and required to have minimum training qualifications in order to reduce the number of rogue operators in the private rented sector, according to the head of Kingswood Residential Investment Management.Adam Kingswood, owner of the Nottingham-based firm, supports the government’s “call for evidence” about the...
Posted: December 13, 2017, 8:00 am
The majority of private landlords will not rent to students because they are concerned about the damage they could do to their property, according to new research.A survey of over 2,000 people undertaken by student lettings app SPCE found that seven out of 10 UK landlords would not let their...
Posted: December 13, 2017, 8:00 am
Buy-to-let mortgages made up 17% of all mortgage cases in the three months to October, according to a new report by Paragon Mortgages.Fascinatingly, buy-to-let mortgages and borrowing from first-time buyers was collectively more popular than remortgages in the third quarter, the findings show.John Heron, Paragon’s managing director, commented: “It is positive...
Posted: December 13, 2017, 8:00 am
There has been a sharp rise in the number of people wanting to step off the property ladder and rent in retirement because of the various benefits it offers, according to retirement rentals specialist Girlings Retirement Rentals.The firm reports that a growing number of older people are seeking to downsize...
Posted: December 13, 2017, 8:00 am
Rent prices will increase next year, according to the latest property market analysis.Shortages of suitable properties to let and greater demand from renters will result in upwards price pressure in new letting asking prices in many areas, says the report from ARLA Propertymark (formerly the Association of Residential Letting Agents).Some...
Posted: December 12, 2017, 2:44 pm
A growing number of buy-to-let landlords are letting out their homes as short-term holiday lets, making them no longer available for long-term renting following the introduction of a raft of ‘anti-landlord’ policies.The introduction of the 3% stamp duty surcharge, the abolishment of the 10% ‘wear and tear’ tax allowance, and...
Posted: December 12, 2017, 2:02 pm
A private landlord in Northampton has been fined £3,300 and ordered to pay the council’s £1,890.26 legal costs along with a £170 victim surcharge after pleading guilty to five offences, including fire safety irregularities, in relation to a house in multiple occupation (HMO) that he owns in Charles Street, Northampton,...
Posted: December 12, 2017, 8:00 am
Skipton Building Society this morning relaunched a number of its fixed rate buy-to-let mortgages cutting rates by up to 0.25%.The society is offering a new range across two- and five-year fixed rate terms with purchase and remortgage products priced at 60%, 70% and 75% loan-to-value (LTV) bands.The lender’s new purchaser...
Posted: December 12, 2017, 8:00 am
Ever since Margaret Thatcher declared her belief in a ‘property-owning democracy’ and introduced Right to Buy in 1980, the UK was converted into a country that saw houses as something to make money from, not just to live in, as illustrated by the buy-to-let boom of recent years that has...
Posted: December 11, 2017, 8:00 am
First-time buyers will no longer have to own a residential property in order to access finance from Barclays to invest in the buy-to-let market, after the bank extended its buy-to-let range to enable applications from those acquiring their first property and non-owner occupiers.The move is designed to provide first-time buyers...
Posted: December 11, 2017, 8:00 am
A slower sales market in the south of England has revived the accidental landlord as more people chose to rent their properties out this year instead of waiting for a sale, according to the latest Countrywide plc Monthly Lettings Index show.Around 80,000 homes that came onto the rental market in 2017...
Posted: December 11, 2017, 8:00 am