Buy-to-Let
The devastating impact of the Coronavirus could cost buy-to-let landlords nearly £14.9bn should tenants be unable to pay rent during the three month support period announced by the government last week, new research shows. The government has announced that they will suspend new evictions and halt new possessions proceedings to the… Read More »Coronavirus could cost BTL landlords almost £15bn in lost rental income
There has been a significant increase in the number of landlords and homeowners switching from short-term lets to longer rentals. Across the UK there has been a 20% drop in people looking for rooms over the last week due primarily to the COVID-19 outbreak, according to SpareRoom. With a possible… Read More »Landlords switching from short-term lets to longer lets before lockdown
The Guild of Property Professionals is calling on the new chancellor, Rishi Sunak, to use his Budget speech, which will take place tomorrow, to support investment in the private rented sector, as research shows that buy-to-let landlords are exiting the market in droves. Tax and regulation changes continue to have… Read More »Budget 2020: ‘There must be no further taxation on landlords’
Two-thirds of private renters who would like to own a pet are being forced to delay by restrictive tenancy agreements, and this is contributing to the UK’s loneliness epidemic, according to new research by YouGov and Mars Petcare. The study found that private renters believe owning a pet would improve… Read More »Paws for thought: ‘no pet’ clauses contributing to loneliness
Buy to-to-let landlords across the Midlands are most likely to acquire new property over the next 12 months, new research show. A survey of almost 800 landlords conducted by BVA BDRC, on behalf of Paragon, found that almost a quarter – 24% – of landlords in the East Midlands plan… Read More »Where are BTL landlords most likely to buy property in the next 12 months?
Predictions that landlords are not buying properties to let out because of tougher rental taxes and regulations appear to be short of the mark according to new mortgage data. Statistics for December from UK Finance, the mortgage lenders’ trade body, suggest that there were 5,700 new buy to let home… Read More »Death of buy to let has been greatly exaggerated, new figures show
The housing market has enjoyed what some are calling a “Boris bounce” following the result of last month’s general election, with confidence in the market hitting a three-year high, according to a new survey. Zoopla, in partnership with MonkeySeed, surveyed 6,000 people, and over 650 agents from the sales and… Read More »Property market sentiment improves following Tory election victory
Fresh figures from Howsy has revealed the most in-demand cities to rent property in the United Kingdom, with some surprising findings. The rental management platform analysed demand across 23 major UK cities as well as each borough of London, based on the proportion of rental listings that had already been… Read More »Most in demand areas in the UK to rent a property
An assembly member has welcomed the introduction of legislation for carbon monoxide detectors in rented homes in Wales. The Welsh Government says new regulations are to be introduced to tackle the threat of carbon monoxide poisoning. Around 60 people a year are killed by carbon monoxide poisoning in Wales and thousands… Read More »New regulations to combat carbon monoxide poisoning
It now takes private landlords across the UK more than five months on average from making a claim to the courts for a property to be repossessed to it actually happening, with the problem most acute in London, new figures show. The data reveals that the average length of time… Read More »New housing court needed ‘for the benefit of landlords and tenants alike’
