The proportion of homes bought off-plan hit a six-year low in 2020 as landlords left the market – although there are signs homeowners may be warming up to the idea of buying a home before it is fully built. A third – or 33 per cent – of new-builds that completed in England and Wales … Read more
Brighton has retained its crown as the most profitable place to be a landlord for the second year running, new findings have claimed. Taking into account rental fees charged to tenants and landlord costs, buy-to-let investors in the seaside resort can make a monthly profit of around £570, insurance group CIA Landlord suggests. At the … Read more
Rental costs in pockets of some cities across Britain have fallen drastically in the last 12 months, two separate reports show. Rents in Birmingham, Edinburgh and London fell between 5 and 8 per cent in the last year, data from SpareRoom shows – and in one capital postcode, they have plummeted 26 per cent. Meanwhile, … Read more
More choice for landlords as number of buy-to-let mortgage deals on offer increases – but rates are also nudging higher There are nearly 2,000 buy-to-let mortgages on the market right now Although more than last month, this is still far fewer than before the pandemic Lenders are bringing back 20 per cent deposit products for … Read more
Around 840,000 private renters in England and Wales have built up rent arrears since lockdown measures began, according to new research. A survey of tenants for the National Residential Landlords Association, carried out by research consultancy, Dynata, suggested that seven per cent of all private renters had built arrears due to Covid. Whilst the average … Read more
London renters are leaving the capital for countryside locations, expert warns, as others say the city will remain popular post-pandemic New research by SpareRoom shows 27% of London’s renters plan to move post-Covid-19 Half of those planning to move intend to leave the capital altogether London is expected to experience a 13% net exodus in … Read more
Landlords have seen the number of buy-to-let mortgages slide by almost a third over the past year and rates on offer rise, data shows. The buy-to-let mortgage crunch has seen 800 of the 2,592 deals for landlords on offer in November 2019 vanish, a drop of 31 per cent, according to data from Moneyfacts. Meanwhile, … Read more
Manchester has been ranked as the UK’s number one city for landlords to invest in, according to Aldermore’s 2020 buy-to-let city tracker. The tracker, which includes a total of 50 cities, ranks each location after analysing five key indicators impacting desirability for a buy-to-let investor. The indicators include the average rent, the best short-term returns … Read more
London landlords are feeling the full force of Covid-19 with many being forced to slash rents amid a glut of available properties. Rents in the capital fell for the seventh consecutive month in September, according to data from Hamptons International. Aneisha Beveridge, head of research at Hamptons International, said: ‘London was the only region in … Read more
Generation rent may be a phrase more associated with younger people, but new data shows a surge of older people now renting their home. The number of over 55s renting has more than doubled over the past decade as pension incomes wane and later life divorce becomes more common. There has been a 118 per … Read more
Landlords and renters are facing a looming meltdown, experts warn, after the Government extended its ban on tenant evictions until 20 September. In a last minute U-turn over plans for repossession cases to be heard in the courts from 23 August, the Government last week also introduced a minimum six-month notice period for landlords seeking … Read more
Buy-to-let was one of Britain’s best-loved investments before crippling tax blows caused many landlords to lose interest. But now buy-to-let has been thrown a lifeline. Slashed stamp duty, better mortgage deals and new tax benefits all mean landlords are flocking back to the market. However, with unemployment predicted to soar to four million by the … Read more
Will the stamp duty cut be BAD for first-time buyers? Critics warn tax giveaway could revive buy-to-let investors and boost house prices Chancellor’s plans will see 90 per cent of homes pay no stamp duty until March However this includes second-home buyers including property investors Labour have blasted the move as an ‘unnecessary subsidy’ for … Read more