Research by Manchester-based buy to let specialist, Sequre Property Investment, has revealed that more than 50% of over 50s consider either buy to let or buy to sell property as the most attractive investment option when planning their family’s financial security, ahead of shares, equities, antiques or any other investment type.
Sequre found that only 10% of over 50s are happier with their plans for retirement now than they were five years ago. Continue reading →
Landlord Assist, the nationwide tenant referencing service, says the influx of new landlords drawn to the sector by the economic downturn have changed the face of the buy-to-let market.
With more people choosing to rent than ever before – due to the high deposits needed to get on the property market – and demand for rental properties forcing prices to record levels, the buy-to-let market has witnessed a broader spectrum of landlords entering the market for the first time. Continue reading →
Landlords across the country are hungry for help and advice according to a survey commissioned by specialist buy-to-let lender Paragon Mortgages.
The Q1 BDRC Landlords Panel has shown that 78% of those surveyed have a significant requirement for advice on landlord matters rising to 89% for those owning more than 11 properties. Continue reading →
This has increased dramatically from just 23% in the West One Broker Sentiment Survey in August 2012.
Duncan Kreeger, director at peer-to-peer bridging lender West One Loans said, “A generation of renters are demanding somewhere to live – and a growing army of landlords need loans to make the required investments. The latest sky-high rental figures demonstrate that hunger for more investment. But cash-strapped banks are still hesitant to make a serious commitment. The supposed upturn in traditional lending isn’t meeting this need. And unless someone is willing to put their money where their mouth is, that won’t change. That’s Continue reading →
In the last 12 months, the proportion of landlords refinancing Houses in Multiple Occupation (HMO) has jumped from 55% in Q4 2011 to 80% in Q4 2012. Similarly, remortgaging on Multi-Unit Freehold Blocks (MUFB) has increased from 76% to 78% year on year.
In particular, investors have been remortgaging lower value HMO property, which has reduced the average loan size on HMOs compared to 12 months ago.
David Whittaker, managing director of Mortgages for Business explains: “Gross yields on buy to let property are particularly attractive at the moment thanks to the mess which the first-time buyer market finds itself in. Property prices Continue reading →
High gross yields on residential property – which currently stand at 6.7% – are encouraging landlords to expand their portfolios even further. Of those investors who intend to expand their portfolios this year, almost nine in ten (88%) plan on buying more residential property.
Investment in complex property was less popular, although more landlords plan to purchase Houses in Multiple Occupation (26%) and Multi-Unit Freehold Blocks (16%). Less investors plan to buy semi-commercial property (11%) and commercial property (7%).
Encouragingly, just 6% of landlords say they are planning to trim their portfolios over the next six months, the same proportion as six months Continue reading →