The latest research by Deposit Replacement Scheme, Ome, has found that the 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 yesterday. Last night the government announced that they would… Read More »Coronavirus outbreak could cost the buy to let sector £14.9bn in three short months
Leading lettings and sales agent, Benham and Reeves, has released the latest of its very own quarterly house price index based on data from the top four existing indices, looking at where the average house price sits and how the gap between buyer and seller expectation and actual sales has… Read More »House price gap between sellers and buyers reduces
Landlords who have a buy-to-let mortgage with Barclays will not be offered a repayment holiday, despite government guidance to offer borrowers a payment referral of up to three months as a consequence of the COVID-19 pandemic. The bank says that the support is primarily available to residential mortgage borrowers, with… Read More »Barclays refuses to offer buy-to-let borrowers a payment holiday
A high number of buy-to-let landlords are concerned about the impact of the Coronavirus, but The Guild of Letting and Management has provided some practical guidance and advice to help you cope with the existing situation. One of the most common questions many landlords are currently asking about is the… Read More »Useful guidance and support for dealing with tenants during Covid-19 outbreak
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
