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
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