Buy-to-Let
With Britain edging closer to its first recession since the financial crisis, a leading property auctioneer is urging property investors, including buy-to-let landlords, to hold their nerve against the spectre of an economic downturn. The country’s dominant service sector, which accounts for about 80% of the economy, unexpectedly plunged into… Read More »Property expert urges BTL landlords to ride out recession
The government’s plans to scrap Section 21 notices to evict tenants could potentially pave the way for the introduction of open-ended tenancies and rent controls, according to London Assembly member Tom Copley. The Labour politician is urging the government to press on with plans to outlaw the use of Section… Read More »Scrapping Section 21 could lead to ‘open-ended tenancies and rent controls’
Rents in the UK’s private rented sector continued to increase in September, the latest figures show. The data from HomeLet reveals that the average rent in the UK hit £697 per calendar month (pcm), up 2.2% on the same period last year. When London is excluded, the average rent in the… Read More »UK rental market looks more attractive for BTL landlords as rents rise further
An overwhelming majority of buy-to-let landlords are optimistic about their future in the private rental sector with 84% looking to maintain or expand their portfolio over the next 12 months, fresh research shows. Just 16% of landlords are looking to reduce the number of properties they have over the next 12… Read More »Vast majority of BTL landlords remain committed
Barclays has introduced a new set of rate reductions to its buy-to-let and residential ranges. In total, there have been 19 changes, with cuts of up to 0.13%. In Barclay’s BTL section for purchase and remortgage, the 60% loan-to-value (LTV) two-year fix with £1,795 product fee has had its rate cut… Read More »Barclays introduces fresh rate cuts
Leeds Building Society has this morning launched a new range of 10-year fixed rate buy-to-let products. There is a product available at 2.49% up to 60% loan-to-value (LTV) and 3.29% deal up to 70% LTV. Both products are subject to a £999 product arrangement fee and come with free standard valuation and fees… Read More »Leeds BS launches 10-year fixed rate mortgage range
Primas Law is urging landlords and property developers to seek legal advice about potential stamp duty rebates on ‘uninhabitable’ second properties after a landmark tribunal case. A recent ground-breaking case, between P N Bewley Ltd and HMRC, held that properties that are not immediately habitable at the time of completion do… Read More »Are you entitled to a stamp duty rebate
Earlier this month the Tenant Fee Ban was introduced, after much fanfare from the Government. However, it is not the only piece of regulation and policy change set to affect the landlord market this year. It joins what can only be described as a slew of restrictive government policies –… Read More »Government attacking Landlords
It’s now three years since the then Conservative Chancellor George Osborne introduced a series of measures aimed, principally, at cooling the overheating London housing market. The inexorable rise of property prices in the Capital threatened to create a financial bubble of potentially devastating proportions whose impact would ripple across the UK… Read More »Buy-to-let landlords in for a Tax shock
