A UK monthly rent now accounts for 33% of the average salary as monthly rents, excluding London, rose 4% annually to £689 according to a recent report from estate agent Sequence.
Across the UK six tenants are chasing every available property, the highest number since 2011. UK tenant applications rose 15% annually while the supply of rental homes drops 17%. Continue reading
June 2014 House Price Figures from Halifax Building Society indicated a monthly fall of 0.6%.
Although, the annual price increase on their indices was tracked at £16,000 with average house prices up from £167,668 to £183,462. Continue reading
Private rental prices paid by tenants in Great Britain rose by 1.0% in the 12 months to June 2014 according to the latest data from the Office for National Statistics.
Private rental prices grew by 1.0% in England, 1.1% in Scotland and 0.2% in Wales in the 12 months to June 2014. Continue reading
Imposing lending restrictions on the buy to let mortgage market could have damaging consequences for landlords and the supply of rental properties, warns Landlord Assist.
The tenant eviction and rent recovery firm is warning landlords that changes to the mortgage lenders conditions could make it more difficult to find a buy to let loan or to remortgage an existing deal. Continue reading
With some excellent mortgage rates as low 3.99% fixed for 5 years, it seems like a good time to be purchasing residential property.
London house prices are not the only ones to benefit from the growing investor confidence as the average UK House Price has grown by 9.1% year on year (ONS) Continue reading
The fundamentals of the Leicester Student Property Market
The Article 4 Direction is restricting the conversion of family homes into houses of multiple-occupation. Continue reading
Figures from the latest Rent Check report, Generation Landlord, produced by Allsop LLP and BDRC Continental, reveal that 78 per cent of existing landlords consider their investment property as their pension pot.
The survey, which measured the actual rents agreed by 2,203 landlords who are members of the National Landlord Association (NLA), has highlighted the private rented sector as a viable long term investment, thanks to the combination of stable rents, increased income security, capital gains and long average tenancies (2.6 years). Continue reading
The latest CML data on the profile of UK lending in March 2014, including first-time buyer, home mover, re-mortgagor and buy-to-let lending, shows:
- The total number of new loans to home-owners for house purchase increased 4% in March compared to the previous month and was 17% up on March 2013. Continue reading
A new buy-to-let finance product is turning heads in the lettings market and opening the eyes of landlords to exciting new possibilities.
The product is claimed to be so innovative that the UK’s largest independently owned letting specialist, Leaders, believes it could be a significant game-changer for many landlords, enabling them to dramatically boost their rental yields and expand their portfolios. Continue reading
Annual rent rises across England and Wales have accelerated, according to the latest Buy-to-Let Index from LSL Property Services plc.
As of February, the average rent across England and Wales is now 1.6% higher than twelve months ago, currently standing at £743 per month. Continue reading