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It now takes private landlords across the UK more than five months on average from making a claim to the courts for a property to be repossessed to it actually happening, with the problem most acute in London, new figures show.  The data reveals that the average length of time from...
Posted: January 17, 2020, 8:00 am
An assembly member has welcomed the introduction of legislation for carbon monoxide detectors in rented homes in Wales. The Welsh Government says new regulations are to be introduced to tackle the threat of carbon monoxide poisoning. Around 60 people a year are killed by carbon monoxide poisoning in Wales and thousands are hospitalised. The...
Posted: January 17, 2020, 8:00 am
Rents in England are almost half of tenants’ average take-home pay, according to a new report on the state of the country’s private rented sector  Research undertaken by Benham and Reeves shows that tenants paid an average of 45.5% of their net income in rent, with those in London paying the...
Posted: January 17, 2020, 8:00 am
Hanley Economic Building Society has launched its first-ever expat buy-to-let mortgage product after entering the market. The product is available at up to 80% loan-to-value (LTV) with an indefinite variable discount of 1.95% giving an initial rate of 3.49%.  It has an application fee of £250, a product fee of £500 and...
Posted: January 17, 2020, 8:00 am
The Property Investor & Homebuyer Show, the UK’s most comprehensive property exhibition, takes place at London ExCeL in April – 3 & 4 April 2020 – and is free to attend. But all visitors are required to register before entering the hall. To avoid the queues on visit day, you can register...
Posted: January 17, 2020, 8:00 am
Rents look set to rise over the next 12 months as the supply of new rental properties dries up, according to the latest survey by the Royal Institution of Chartered Surveyors (RICS). It said small scale landlords are pulling out of the market due to recent tax and legislative changes which...
Posted: January 16, 2020, 8:00 am
Just over a month on from the Conservative Party's election victory and all eyes are firmly fixed on Boris Johnson and his cabinet to see if they will come good on their election promises. The Tories only increased their overall share of the votes by 1.2% to 43.6% between the 2017...
Posted: January 16, 2020, 8:00 am
Investing in the buy-to-let sector is one of the most lucrative ways to make money. There are a number of things to consider when thinking about how to best invest in property, like where you are going to invest, what type of property you want to purchase and what are the...
Posted: January 16, 2020, 8:00 am
The Mortgage Works (TMW) has reduced the two and five-year rates across a range of its buy to let products.  The specialist buy-to-let arm of Nationwide Building Society has cut its two-year fixed rate product at 75% loan to value (LTV) from 2.19% to 1.74%, while the five-year fixed rate at...
Posted: January 16, 2020, 8:00 am
The Farnborough Homebuilding & Renovating Show takes place at the Farnborough International Exhibition & Conference Centre in Farnborough, north Hampshire, this weekend and you can register for a free pair of free tickets for the event worth £24. Visitors to the show, which takes place 18-19 January, will be able to speak to a wide range of exhibitors and...
Posted: January 16, 2020, 8:00 am
The government plans to introduce mandatory electrical installation inspecting for all rented homes.  Detailed regulations for enforcing compulsory five-year electrical safety checks in the private rented sector from July this year have been put forward and are now subject to parliamentary approval.  The draft regulations propose that, from 1 July 2020, all...
Posted: January 15, 2020, 8:00 am
Renters have higher levels of harmful stress levels than homeowners, according to new research.  A survey of almost 4,000 renters by Shelter found that some private renters have fallen ill as a result of housing worries, owed in part to the health impacts of insecure housing in the PRS, suggesting that...
Posted: January 15, 2020, 8:00 am
There has been a notable drop in the number of private landlords letting to tenants in receipt of local housing allowance or Universal Credit, according to the National Landlords Association (NLA).  A number of landlords have been deterred by the freeze on Local Housing Allowance (LHA) rates, introduced in 2016 by...
Posted: January 15, 2020, 8:00 am
A senior director at a letting agency in Exeter has been handed a six-year ban after failing to safeguard more than £68,000 worth of tenants’ deposits. Clear Lettings Limited, better known as Clear Property, operated a custodial deposit scheme, in accordance with the Housing Act 2004, enabling the company to safely hold...
Posted: January 15, 2020, 8:00 am
A new 10-year term loan has been introduced by Castle Trust which is fixed for five years before reverting to the lender’s standard variable rate.  The mortgage product, called a TermTen, is available for buy-to-let, with serviced interest and a loan-to-value (LTV) of up to 75%.  The maximum LTV increases to 80% for...
Posted: January 15, 2020, 8:00 am
Around 900,000 people across the UK could see their housing benefit payments increase by around £120 a year from April after the government yesterday announced that it is lifting the freeze on Local Housing Allowance (LHA) rates, which has been in place since 2016.  The decision means that payments, which are...
Posted: January 14, 2020, 8:00 am
The locations that saw the biggest house price increases in the last year have been unveiled by the Post Office Money.  The research, which analyses Office for National Statistics (ONS) data, examines the house prices and first-time buyer affordability in over 80 locations across the UK, to help aspiring buy-to-let investors...
Posted: January 14, 2020, 8:00 am
London remains one of the biggest property investment destinations in the world, attracting a wide range of national and international investors.  But with historically low buy-to-let returns, especially when compared with other parts of Britain, some investors are looking to diversify their portfolios by investing further afield on the outskirts of...
Posted: January 14, 2020, 8:00 am
Momentum towards an interest rate cut is growing after a third of members of the Bank of England’s rate-setting committee signalled that the UK economy could need greater support from lower borrowing costs within months. Policy setter Silvana Tenreyro suggested over the weekend that the central bank may be edging towards...
Posted: January 14, 2020, 8:00 am
It is that time of year again. Filing an annual tax return is a necessary task for every self-employed person, including buy-to-let landlords, with the 31 January deadline for the 2018/19 Self Assessment tax return looming. Whether you have just started out as a buy-to-let landlord or you are an established property...
Posted: January 14, 2020, 8:00 am