On 9 February 2022 Zoopla reported that average UK rents are approaching £1,000 pcm – £62 per month more than at the start of the pandemic – as the increase in the cost of living squeezes households. Zoopla has found: Average annual UK rental growth has reached a 13...
Tax & Other Financial
Is rent affordable?
SpareRoom have just conducted an investigation into the amount of rent paid. The findings can be found here, and starts with the premise that rent should cost around 30% of monthly salary. Their article states: We hear the phrase 'affordable rent' all the time. But...
Rising cost of living in the UK
The House of Commons Library has published a paper on the Rising Cost of Living. The full report can be seen here, and a summary here, which says: The cost of living has been rising since early 2021, but in December 2021 inflation reached its highest recorded level in...
Rentify in administration
Companies House are showing Rentify as being in administration, but their website is still operational. Be aware if you use them.
Becoming a limited company landlord
Property Reporter have run an article to help you decide whether to invest in property through a Limited Company - it can be seen here Note that iHowz urge you to seek a variety of opinions before making a decision, as it is not straight forward.
Landlords still annoyed over government’s ‘punishing’ tax policies
Poll by lender the Nationwide reveals widespread displeasure among landlords over the withdrawal of mortgage interest tax relief. lords have vented their displeasure with the government over its decision to limit the mortgage interest tax relief given to landlords,...
UK landlords raise rents for new tenants by record 9.9%
LONDON (Reuters) - Landlords in Britain increased the rents they advertise to new tenants by the most on record in 2021, according to a survey published on Thursday that underscored the growing cost-of-living squeeze facing many households. Average residential rents...
How refurbishment BTL could help landlords struggling to meet EPC targets
Bridging & Commercial have published an article highlighting how a property refurbishment could help meet the MEES targets. It can be seen here, and states: We all know there’s more we can be doing to make our homes more energy efficient. Whether it’s...
More mortgages available for landlords
The number of buy-to-let (BTL) mortgage products on the market has increased substantially in the last two years, according to Moneyfacts data. It says that 2022 began with 3,528 BTL products available, which is the highest since September 2007, when there were 3,662...
Seven common tax return mistakes and how to avoid them
The weekend Telegraph has published a piece with tax advice in. It can be seen here, and covers: Don’t forget to report property gains... again Avoid falling into a trust tax trap Higher earners should claim their full pension relief allowance Double check your...
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Wage growth slows again, and there’s a growing divide
The Office for National Statistics (ONS) has released employment and wage data for the year to September-November....
Record number of buy-to-let companies established in 2023
Key Points: Record Number of Buy-to-Let Companies in 2023: Despite a decrease in landlord property purchases, the UK...
Late Rent Payments Impacting Landlords in the UK
Property investors are increasingly struggling with tenants who are late or not paying the rent, research from...