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There are growing signs of confidence returning to the London market, with a resurgence in house prices being anticipated owed in part to increasing rental yields in the capital, according to the latest analysis by Home.co.uk. The property website predicts that London’s property price recovery will start in Newham and Hammersmith...
Posted: January 21, 2019, 8:00 am
There has been a steady increase in the percentage of rental properties available over the past 12 months and data for the final quarter of last year shows that 40% of the housing stock is rental, increasing to 50% in cities such as Newcastle Upon Tyne and Manchester, new figure...
Posted: January 21, 2019, 8:00 am
Buy-to-let landlords are “getting away with murder” according to Advice4Renters, after new figures revealed that just two out of almost 2,000 complaints were prosecuted in Hull last year. The data, obtained by Hull Live from Freedom of Information requests made by the Residential Landlords Association, shows that a total of 1,935...
Posted: January 21, 2019, 8:00 am
A new app has been launched to support landlords and ensure that they understand the complex landscape of residential property legislation, including the requirement to fulfil their property compliance responsibilities without the high costs and complexity typically associated with it. The residential lettings sector is experiencing huge change with new legislation...
Posted: January 21, 2019, 8:00 am
Croydon Council is inviting private landlords to attend a free public event this week that will offer expert buy-to-let tips and advice. The landlords’ forum event, aimed at owners of privately-rented properties in Croydon, will take place on Friday 25 January at the Jury's Inn in Wellesley Road, CR0, between 9am...
Posted: January 21, 2019, 8:00 am
The number of buy-to-let purchases continues to fall, as reflected by a further drop in new buy-to-let mortgage lending. Fresh data from UK Finance shows that landlord investors took out just 6,100 new buy-to-let mortgages for acquiring properties in November, down 9% compared with the same month a year earlier. The total...
Posted: January 18, 2019, 8:00 am
Barnet Council is planning to introduce a stricter licensing scheme designed to clampdown on rogue landlords across the borough in north London. The council wants to replicate selective licensing schemes that have come into play in other areas, with prosecution or a civil penalty of up to £30,000 for landlords that...
Posted: January 18, 2019, 8:00 am
There is growing concern in Reading that thousands of landlords could soon face enforcement action if they do not sign up to new statutory licence, with the deadline just weeks away. Changes to mandatory Houses in Multiple Occupation (HMO) licensing came into force in England on 1 October 2018, requiring properties...
Posted: January 18, 2019, 8:00 am
Assertions made by UK Finance that the leasehold system is not in need of major reform have been rejected by Leasehold Solutions. Speaking to the Housing, Communities and Local Government Committee this week, Matthew Jupp, principal of mortgages at the body representing high street lenders in this country, said that the...
Posted: January 18, 2019, 8:00 am
A buy-to-let landlord in Glasgow will be left out of pocket after the renewal of her house in multiple occupation (HMO) licence was rejected following the discovery of a series of fire safety issues. The defects were discovered during an inspection by the Scottish Fire and Rescue Service (SFRS) in October...
Posted: January 18, 2019, 8:00 am
Asking rents in London rose to a record high in December, with market conditions in the capital improving to levels not seen since Q1 2015, as the number of homes available to let continues to fall, according to the latest data from Rightmove. Compared with this time last year, available rental...
Posted: January 17, 2019, 8:00 am
Despite the introduction of profound changes to the taxation of buy-to-let investments, leaving many landlords facing higher tax bills, there are still are still parts of the UK where investors can find attractive returns. The best area to currently invest in is the North West of England, according to research by...
Posted: January 17, 2019, 8:00 am
New figures from specialist online agency yieldit, which analyses the time taken between a tenanted investment property being listed and an offer being accepted, shows that it takes an average sale time of 38 days. The data from the company, which specialises in the sale of completed and tenanted investment property,...
Posted: January 17, 2019, 8:00 am
From furniture and lighting to bedding and tabletop items, there is a lot that can be done to improve a property’s internal appearance and give it that homely feel; helping to showcase the impressive features available and maximise the use of space, ensuring that the home is perfect for prospective...
Posted: January 17, 2019, 8:00 am
Skipton International has extended the terms of its mortgage proposition to include studio apartments valued at £250,000 and above in response to the increasing demand for all types of investment buy-to-let property. Skipton’s decision to broaden the scope of its lending criteria is designed to offer its customers a wider range...
Posted: January 17, 2019, 8:00 am
Many people tend to hold off on buying property during times of uncertainty and that appears to be precisely what is currently happening amid growing Brexit turmoil, which could spell “good news” for private landlords as more people choose to rent than risk entering the property market, according to Martin...
Posted: January 16, 2019, 8:00 am
The introduction of a ban on fees charged by landlords and letting agents look set to finally come into force on 1 June this year, the government announced yesterday. Following yesterday’s third reading in the House of Lords, the Tenant Fees Bill is likely to receive Royal Assent in the coming...
Posted: January 16, 2019, 8:00 am
A growing number of local authorities are using selective licensing to introduce penalties for buy-to-let landlords that go well beyond the mandatory government landlord licensing rules, according to Kirwans. The law firm suggests that legislation introduced by part three of the Housing Act 2004 in areas affected by poor-quality rental properties,...
Posted: January 16, 2019, 8:00 am
Commercial Trust Limited has enhanced its buy-to-let comparison table for customers. The new table features a number of new products, which includes allowing people to search for buy-to-let mortgage deals by a number of variables, including property value, loan amount, term, product type, ERC and repayment type. The specialist buy-to-let mortgage broker...
Posted: January 16, 2019, 8:00 am
NatWest Intermediary Services this morning made changes to a number of its buy-to-let, as well as its residential mortgage products, with a view to ensuring that 2019 is a ‘successful year’ for buy-to-let investors as well as other borrowers. NatWest’s buy-to-let remortgage products have been cut by up to 50bps on...
Posted: January 16, 2019, 8:00 am