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The worst served city for rental stock is Newport in Wales where just 13.5% of properties listed are to rent, according to fresh research by Howsy.  The letting management platform, which looked at where across the UK is currently home to the lowest level of rental stock listed on the major...
Posted: November 13, 2019, 8:00 am
Marks Out Of Tenancy, a letting review website, has launched a digital service to help local authorities crackdown on unscrupulous landlords with a view to raising standards in the PRS.  The new service, called 'Vault', enables local authorities to find landlords and letting agents who are not licensed, locate unlicensed HMOs,...
Posted: November 13, 2019, 8:00 am
With the number of renters across the UK more than doubling since 2001, there has been a sharp rise in the volume of people who fear that they will never be able to afford to buy a home.  The latest research by Halifax and YouGov found that two in five renters...
Posted: November 13, 2019, 8:00 am
Skipton International has announced plans to expand its buy-to-let mortgage lending and increase offshore savings deposits. Skipton, which offers buy-to-let mortgages to UK expatriates and non-UK nationals who have a UK bank account to collect rents in England, Wales or Scotland, recently amended its mortgage criteria to enable borrowers to potentially...
Posted: November 13, 2019, 8:00 am
The South West Homebuilding & Renovating Show takes place at the Bath & West Showground in Shepton Mallet, Somerset, this weekend and you can still register for a free pair of free tickets for the event worth £24. Visitors to the show, which takes place 16-17 November, will be able to speak to a wide range of...
Posted: November 13, 2019, 8:00 am
A buy-to-let landlord has been left with a major clean-up bill after a tenant from hell trashed his rental property in Warrington, leaving it in a disgusting state, before moving out owing around £29,000 in rent.  David Wright was forced to issue his tenant with a notice to vacate the four-bedroom...
Posted: November 12, 2019, 8:00 am
Orbit, the owner of a number of buy-to-let properties in Coventry, could find itself in hot water over comments allegedly made by an employee to a tenant.  When a mum-of-two, who does not want to be named, reported to her landlord about a mouse infestation in her home, she received a...
Posted: November 12, 2019, 8:00 am
The mortgage industry is predicting a 1% increase in buy-to-let business in the next 12 months, according to Paragon’s latest Financial Adviser Confidence Tracking (FACT) report.  The data revealed that buy-to-let reached 17% of business in the third quarter of the year, which is up 2% quarter-on-quarter.  The study also found that first-time...
Posted: November 12, 2019, 8:00 am
A letting agent has been ordered to pay back just £850 despite pocketing more than £16,000 at the expense of three landlords.  Liverpool Crown Court heard that Saleem Kassim invented the need to undertake maintenance work at three properties he managed in the city, charging the landlords who owned the flats...
Posted: November 12, 2019, 8:00 am
With the weather taking a turn for the worse in recent weeks, buy-to-let landlords would do well to ensure their properties are winter-ready before temperatures potentially plunge to levels much colder and snowier than average for this time of year and to avoid further costs. Given that landlords have a duty of care to tenants...
Posted: November 12, 2019, 8:00 am
The proportion of homes let in this country by overseas-based landlords has increased, new figures show. The latest data from Hamptons International, part of the Countrywide Group, shows that the proportion of homes in Great Britain let by overseas-based landlords rose to 11% during the first 10 months of 2019, up...
Posted: November 11, 2019, 8:00 am
The mayor of London is being urged to forget about rent controls and instead focus on increasing the supply of rental accommodation in the capital by enticing more people to invest in the PRS.  Shadiq Khan has called on the government to hand him extra powers so he can cap rents...
Posted: November 11, 2019, 8:00 am
Al Rayan Bank has increased its finance-to-value (FTV) on select buy-to-let mortgage products. The lender’s two-year discount at 3.74%  has had its FTV from 75% to 80%, while there is also a fixed rate of 3.84% at 80% FTV.  In addition, Al Rayan Bank, which uses the Islamic finance principles of co-ownership...
Posted: November 11, 2019, 8:00 am
Clydesdale Bank has reiterated its commitment to supporting buy-to-let landlords looking to invest in the PRS by announcing plans to focus more closely on its BTL and residential offering after withdrawing from the bridging market.  Following an eight-month pilot phase with a small number of broker partners, which focussed on light...
Posted: November 11, 2019, 8:00 am
Proposals for a national register of landlords have been rejected by the government.  A report on the joint research project between the Chartered Institute of Housing and the Chartered Institute of Environmental Health, which was published at the start of the year, called for the creation of a national landlord register...
Posted: November 8, 2019, 8:00 am
After an encouragingly buoyant summer period for the letting sector, there are growing signs that the rental market is starting to stabilise in key regions across the UK. The latest rental index from Goodlord reveals that a number of regions are enjoying lower void period, while rents have stabilised.  The UK average...
Posted: November 8, 2019, 8:00 am
A significant number of people renting in the UK say they will never be able to afford a home, according to new research by Halifax and YouGov.  The study found that two in five renters cannot see how they will ever be in a position to buy a property, despite a...
Posted: November 8, 2019, 8:00 am
Gatehouse Bank has broadened its eligibility criteria for both buy-to-let and home purchase mortgages in a bid to lure first-time buyers looking to invest in property.  Changes implemented by the bank include cutting its minimum valuation for houses of multiple occupations and multi-unit freehold blocks in the UK from £75,000 to...
Posted: November 8, 2019, 8:00 am
The South West Homebuilding & Renovating Show takes place at the Bath & West Showground in Shepton Mallet, Somerset, next week and you can register for a free pair of free tickets for the event worth £24. Visitors to the show will be able to speak to a wide range of exhibitors and access free advice sessions,...
Posted: November 8, 2019, 8:00 am
They may be part of the Union, but the process of buying and selling property in Scotland and England differs markedly.  It’s not just in terms of the important legal aspects. Many Edinburgh letting agents, with English clients, are very much aware of the differences. The buying process, for instance, isn’t the...
Posted: November 7, 2019, 8:00 am