by peter littlewood | Jan 18, 2024 | Industry News
The Fleet Mortgages Buy-to-Let Rental Barometer for Q4 2023 reveals an annual increase of 0.3% in typical yields, reaching an average of 6.9% across England and Wales combined. It can be seen here, and in summary: Three regions—North East, East Midlands, and South...
by peter littlewood | Jan 18, 2024 | Insurance
The Office for National Statistics reports a record 6.1% annual increase in private rents in England in 2023, reflecting the sharpest rise on record. Wales experienced the highest annual rent increase in Britain at 7.1%, followed by Scotland at 6.2%, and London at...
by peter littlewood | Jan 17, 2024 | Industry News
Haringey Council has voted to charge 200% Council Tax on properties that have been empty for 12 months, reduced from two years, to encourage owners to bring them back into use. The new charge is set to take effect on April 1, 2024. The move is part of the council's...
by peter littlewood | Jan 17, 2024 | Tax & Other Financial
In their update for the quarter to 31 December 2023, PRS REIT plc, an investment trust that invests in high-quality, new build, family homes in the private rented sector, reported: Rental demand for the Company’s homes remains very high, reflected in very strong...
by peter littlewood | Jan 17, 2024 | Tax & Other Financial
Mortgages for Business is rebranding. The buy-to-let intermediary, which was founded in 1990, will now be known as Mortgage Finance Brokers. The firm says its name change reflects the fact that commercial mortgages now make up a small proportion of the business. As...
