Philip Hammond has confirmed that the government’s help-to-buy mortgage guarantee scheme will be closed by the end of the year, another of former chancellor George Osborne’s flagships now abandoned by the Treasury.
In a letter to Bank of England governor Mark Carney, the chancellor said the scheme had a “specific purpose that has now been successfully achieved”.
With a property market that’s rising faster than most young people’s wages many parents are worried about how their children are going to start climbing the property ladder according to estate agent Belvoir. Continue reading
The latest BM Solutions buy to let quarterly index shows 1 in 4 (26%) of landlords would consider using a lump sum from their pension to invest in property, with a further 24% undecided.
The quarterly BM Solutions / BDRC Continental Landlord Panel revealed that while 77% of landlords view their property portfolio as part of their pension provision, 38% are not planning to withdraw a lump sum from their pension to invest in property or don’t have enough in their pension to do so. This rises to 48% for landlords with larger portfolios (20+ properties). Continue reading
After a recent spurt of rent growth, landlords anticipate that rent rises will taper off over the next twelve months, according to a sentiment survey of more than 1,200 landlords conducted by Your Move and Reeds Rains.
On average UK landlords anticipate that rents will increase by 1.7% in the coming year, a sharp slowdown from the current rate of annual rent growth to a steadier trajectory. According to the latest Buy-to-Let Index from Your Move and Reeds Rains, average residential rents across the UK climbed 3.7% in the year to March 2015, the fastest pace for two years. Continue reading
A quarter (23%) of UK landlords do not measure the return on their buy-to-let (BTL) investments at all, according to new research from Platinum Property Partners.
This means that £300 billion of investment in BTL is left unmonitored, leaving UK landlords unaware of the current or ongoing health of their property portfolio. Continue reading
Low maintenance equals high value for both landlords and tenants alike and one of the best ways to ensure maintenance costs are kept to a minimum is to buy correctly at the very beginning of your investment journey.
“Buying a low maintenance property means that deterioration will be kept to a minimum and repairs are likely to be minor,” says owner of Belvoir Boston Donna Burrell. Continue reading
Tenant referencing and eviction firm Landlord Assist, is concerned at plans to regulate part of the buy-to-let mortgage market at a time when there is a desperate need for more rental accommodation to satisfy growing demand.
As part of the Government’s plans to adhere to the European Mortgage Credit Directive certain types of landlord mortgages will face tougher regulation from 2016. Continue reading
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