Beverley Building Society has entered the buy to let market for the first time with two new products.Its variable rate BTL for UK customers is available at 5.64 per cent with a maximum loan-to-value and a completion fee of £995.Meanwhile, for expat BTL customers there...
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Another legal expert criticises the Renters Reform Bill.
Kristy Ainge - solicitor-advocate in the litigation team at Brindley Twist Tafft & James - has commented on the Renters Reform Bill, saying: “The main change is that a landlord cannot ask a tenant to leave if, for example, they want to move a friend into their...
Are you a developer? Have you joined the RAS?
Responsible Actors Scheme The Responsible Actors Scheme was launched in July 2023. Eligible developers who do not join the Scheme and comply with its conditions will have planning and building control prohibitions imposed on them. See more details here. Details On 3...
London Councils call for more cash
London Councils - an umbrella group of local authorities in the capital - says the government should build on initiatives such as the Local Authority Housing Fund by providing increased capital investment for housing acquisitions, particularly homes being sold by...
Should you sell with tenants in situ?
The rental market remains extremely competitive for tenants, with many opting to remain in their properties for longer, and this has led to more landlords selling with tenants in situ. Buy-to-let landlords buying and selling their investment properties for strategic...
High end sales slumps but lets remain steady
A prominent buying agent operating at the high end of the prime London market has given an interesting insight into how the country’s wealthier landlords are faring. Jo Eccles, managing director of Eccord, says: “Landlords are coming under considerable pressure as...
Penalties for incorrect check of tenant status could increase five-fold
As part of their strategy to control illegal immigrants, Suella Braverman, the Home Secretary, and Robert Jenrick, the Immigration Minister, are considering increasing the penalties for failing to check for illegal migrants five-fold to a maximum of £15,000 per...
More landlords sell by auction
Property information service Moverly has analysed the annual revenue of the property auction house sector since 2013 to understand how the market has grown and the data shows that in 2022, the UK property auction house sector generated total revenue of £409.3m.This is...
Many more commercial properties set for residential conversion
It’s a sight that is becoming ever more familiar in towns and cities across the UK – shops and offices being converted into residential use. The changing face of the local high street is an inexorable process and it is no longer hard to imagine that in the...
Partnership of Rightmove and Propertymark announced
Rightmove and Propertymark have announced a two-year partnership to provide agents with the latest local market data and easier access to training at events across Great Britain. The partnership will see Rightmove data presented at nine key Propertymark regional...
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UK HALIFAX HOUSE PRICE INDEX
According to Halifax, British house prices rose 0.1% in April month-on-month and 1.1% year-on-year. The average house...
Is an interest-only mortgage the best choice for landlords?
Buy Association has published an article in which they say that interest-only mortgages indeed offer a way to keep...
Important court case about the Section 21
The case of D’Aubigny v Khan & Anor, heard at the Central London County Court on December 1, 2023, delves into the...