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Student property is one of the best investments available at the moment, thanks to high demand for student housing ahead of the new academic year. Many buy-to-let landlords are reluctant to rent to students because they are concerned about the damage they could do to their property. But research reveals that...
Posted: August 17, 2018, 7:00 am
The attraction of buy-to-let is starting to wane as far as some people are concerned due to a series of recent tax and regulatory changes, new research shows. The introduction of the 3% stamp duty surcharge, scrapping of the ‘wear and tear’ allowance and the phasing out of mortgage interest relief...
Posted: August 17, 2018, 7:00 am
Buy-to-let landlords could have grounds to challenge HMO licensing fees which could save them hundreds of pounds each year, according to Commercial Trust Limited. The specialist buy-to-let mortgage broker points to a recent court case that has potentially opened the door for landlords to challenge the fees that local authorities are...
Posted: August 17, 2018, 7:00 am
Landlords generally believe that many recent regulation changes have gone too far and want to see the government rethink the swathes of changes it has made to and still has planned for the private rented sector, in order to prevent a potential mass exodus of landlords from the market. But the...
Posted: August 17, 2018, 7:00 am
A number of buy-to-let investors continue to acquire properties under the hammer despite recent tax hikes and significant political uncertainty, but the majority are quite sensibly targeting ‘long-term’ investments, according to the head of the residential auction department at Allsop.  Many who acquire property at auction are buy-to-let investors, but pricing in...
Posted: August 17, 2018, 7:00 am
Higher taxes, tougher mortgage lending conditions, along with political and economic uncertainty are making investment in buy-to-let less attractive to many existing and potential landlords, but the reality is that property remains a solid long-term investment.   With savers continuing to receive appalling returns from banks and building societies, a number of people continue to...
Posted: August 16, 2018, 7:00 am
There was a drop in the number of properties ‘let’ last month, while there was also a decline in the number of new rental property listings ‘to let’, as slowing momentum and stagnant demand from tenants results in a relatively flat summer for the market, according to the latest Property...
Posted: August 16, 2018, 7:00 am
Over recent times, politicians of all persuasions have been increasingly vocal about their sympathy for the plight of renters. So far, their attempts to improve conditions for renters seem to have consisted largely of making life more and more difficult for private landlords.   While it remains to be seen what impact...
Posted: August 16, 2018, 7:00 am
UK house price growth has slowed to the lowest level since August 2013, according to the latest data from the Office for National Statistics (ONS).   The figures reveal that the average price of a home rose 0.4% from May to June, taking the annual rate of growth to 3%, down from...
Posted: August 16, 2018, 7:00 am
Precise Mortgages has launched into the holiday buy-to-let market and enhanced criteria for its multi-unit range. The specialist lender decided to make the move in response to growing demand from brokers supporting professional landlords. Syndicated research carried out during the second quarter of this year for the specialist lender by BDRC reveals...
Posted: August 16, 2018, 7:00 am
More than half of UK landlords are now feeling optimistic about the existing buy-to-let environment, and the opportunity it presents. The industry currently faces a number of challenges following several changes over the past couple of years, including a taxation policy that appears to penalise private landlords. But landlords remain largely confident...
Posted: August 15, 2018, 7:00 am
Durham has been identified as the number one destination in a new survey looking at which university towns offer the best yields for landlords.   Simple Landlords Insurance rated universities by yield and found that Durham offers landlords the opportunity to earn up to 11.5% return annually.   Warwick came second with an average...
Posted: August 15, 2018, 7:00 am
The level of landlord business looks set to stabilise over the next 12 months, according to Paragon’s latest Financial Adviser Confidence Tracking (FACT) Index, based on interviews with 200 mortgage intermediaries.   The study found that the majority - 65% - of intermediaries expect to see a stable environment for those investing...
Posted: August 15, 2018, 7:00 am
The deadline for the new selective licensing scheme which comes into effect at the start of November is looming, and time is running out for unregistered landlords with properties in designated areas.   Under the new regulations, by the 1st November, all landlords who own property in parts of London Road, Abbeydale...
Posted: August 15, 2018, 7:00 am
A new limited edition buy-to-let product with no completion fee for those who have not had a CCJ or default in the last 48 months has been launched by Pepper Money.  The new buy-to-let product is available on two-year fixed rates from 3.18% up to 80% loan-to-value (LTV). Pepper Money’s usual completion fee...
Posted: August 15, 2018, 7:00 am
The government must start to provide financial incentives for buy-to-let landlords prepared to offer longer tenancies or risk seeing rents soar, according to the CEO of haart estate agents.  Paul Smith wants to see the government do more to address the demand for longer tenancies from a number of people renting...
Posted: August 14, 2018, 7:05 am
A disgusting landlord has been ordered to pay a £5,000 fine plus £500 in costs, and handed 100 hours of unpaid work with 20 rehabilitation days for making no fewer than 183 videos of naked women after planting cameras in his tenants' rooms so he could watch them showering and...
Posted: August 14, 2018, 7:00 am
Buy-to-let landlords are leaving the private rented sector north of the border in their droves as a direct result of Scottish rental reforms.   Fresh findings from the National Landlords Association (NLA) reveal that almost a quarter - 24% - of landlords with property in Scotland have sold over the last three...
Posted: August 14, 2018, 7:00 am
The chief executive officer of mydeposits, Eddie Hooker, has defended the current system of deposit protection schemes following criticisms from Which?.   The consumer group argues that the existing tenant deposit system is “broken” and in desperate need of reform after a new report revealed that a number of tenants are falling into debt...
Posted: August 14, 2018, 7:00 am
A private landlord in St Leonards has been fined £2,000 for failing to comply with an improvement notice.   Hastings Borough Council decided to take action against Marilyn Antrobus for non-compliance in relation to a rented property she owns on Pevensey Road in St Leonards.   The landlord rejected the council’s claim and subsequently...
Posted: August 14, 2018, 7:00 am