The Queen has announced the new government’s priorities for its coming term, and it includes a proposal to abolish Section 21 of the Housing Act and reforming the grounds for possession, as part of a new Renters’ Reform Bill, designed to “introduce a package of reforms to deliver a fairer… Read More »Scrapping Section 21 is ‘another attack’ against BTL landlords
The UK could be heading for a rental crisis, with experts dreading the prospect of a chronic property shortage in the PRS as more than a third of private landlords look to sell up in the next year in the face of lower profits, new research shows. A wide-ranging study… Read More »One in three landlords plan to sell in the next year
Remortgage volumes fell by 20.8% year-on-year to October 2019, UK Finance data shows. First-time buyer activity was more promising, with volumes rising by 2.8% year-on-year. Mark Harris, chief executive of mortgage broker SPF Private Clients, said: “After a very strong year, remortgaging numbers dipped in October, suggesting that many of… Read More »Remortgaging down a fifth year-on-year in October
A rogue landlord in Doncaster has been given a banning order for two-and-a-half years after repeatedly putting tenants’ lives at risk by providing unsafe housing. Almas Rashid, 39, was banned by The Property Tribunal Service from letting any residential property in England and engaging in letting agency work or property… Read More »Landlord handed banning order for putting tenants’ lives at risk
Foreign buyers should get on with investing in the UK property sector, now there’s more certainty regarding whether the UK will leave the UK. That’s the view of Patrick Alvarado, director of Knightsbridge estate agency Nicolas Van Patrick. He said: “Foreign buyers who might have hoped for a further reduction… Read More »Now is the time for foreign investors to act
The cost of fixed rate Brexit buy-to-let mortgages are set to fall now the Conservatives have been elected, according to online mortgage broker Property Master. The monthly cost of fixed rate buy-to-let mortgages have fallen across all categories compared to the same time last December – in some instances by… Read More »Buy-to-let rates to fall
Property prices should rise by 2% in 2020 now the Conservative Party has secured a majority, Rightmove has forecast. It added that sellers’ pricing power will be enhanced by a lack of choice for potential buyers, with the proportion of estate agent stock that is available for purchase at its… Read More »Rightmove predicts 2% price rise in 2020
When it comes to investing in property, it pays to know about the latest property hotspots and up-and-coming areas whether you are buying-to-let or simply looking for capital growth. Buying at the early stages of a long-term plan offers good potential for an increase in property values and solid rental… Read More »Top UK regeneration hotspots unveiled
When investing in the buy-to-let sector it is important to have a good relationship with your tenants, and that often requires good communication. If you communicate well, both parties will understand their responsibilities, know that the other is keeping to theirs, and the tenancy will typically run more smoothly, which… Read More »Improving communication with your tenants
Residential property prices, much like the economy, are likely to grow faster than initially anticipated next year thanks to the greater political certainty unlocked by the Conservative Party’s decisive election victory last week, according to Rightmove. The property website forecasts that average asking prices will increase by 2% in 2020,… Read More »House price growth set to pick up speed following an end to the political gridlock
