Under the heading 'Rents are now cheaper than mortgages so should first-time buyers hold off?' This is Money are looking at the case for first time buyers to continue renting, rather than buying. It can be seen here, and shows the following graphic to show the...
News
Leasehold system needs ‘root and branch reform’
Leaseholders have told LBC they’re being intimidated by building owners to pay unfairly extortionate costs, after they appoint their own companies to manage and maintain their property. Listen to this article
Is buy-to-let the punching bag of the industry?
Mortgage Introducer has spoken with experts to identify the trials and tribulations buy-to-let landlords are currently undergoing - the report can be seen here, saying ' Ross McMillan, owner and mortgage adviser at Blue Fish Mortgage Solutions, said misguided...
Pressure on landlords will force rents to rise four times as fast as house prices
The Telegraph are reporting that 'Rents will jump by a quarter across Britain in just four years, significantly outstripping house price growth, forecasting suggests. Rising interest rates will continue to pile pressure on landlords with mortgages, forcing many to...
Propertymark calls on Government for tax policies to incentivise landlords
Propertymark has called for the Government to review the impact of tax and financial changes on landlords. The trade body analysed the impact of changes to the private rented sector (PRS) using data from members and other private and public sector organisations....
Landlords demand ‘pet references’ with photos and bios of dogs and cats after Covid boom
The i is reporting that Renters ‘crafting detailed paragraphs about pets, outlining their behaviours and temperaments. in bid to secure a property The whole article can be seen here (subscription may be necessary), and goes on to say that Landlords are increasingly...
How do UK rental laws compare with other countries?
In a recent survey, Your Overseas Home discovered that around a fifth of those moving abroad were planning to rent before buying. And they have highlighted some of the ways that renting and letting a property can vary across Europe: 1.Germany - Prepare to pay If...
London council to buy rental property
Newham council is planning to buy up properties where tenants have been threatened with eviction because the landlord no longer wants to let the property as temporary accommodation. Their preventative eviction acquisition programme – to be allocated an initial £20m –...
Some mortgages are now tied to the EPC rating
Paragon Bank has recently reduced its rates, but the best rates are only available to properties with better energy rating. Paragon’s 70 per cent LTV two-year fixed rate product, now priced at 4.59 per cent is available to portfolio landlords for the purchase or...
Portfolio landlords in no rush to exit market
Best Advice magazine are reporting that 'Market activity is being driven by portfolio landlords, demand for holiday lets, as well as ongoing interest from overseas buyers, according to the latest data from Legal & General Ignite.' The article can be seen here, and...
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Tessa Shepperson has suggested amending the law in respect of lodgers. Her suggestion can be seen here, and in summary...
Many landlords undecided who to vote for
Overview of Landlord Sentiment Ahead of the General Election **Survey Findings by Landbay:** - **Undecided Voters**:...
Planning enforcement – update
A Government report on Planning Enforcement can be seen here, and in summary says: What is a Planning Breach? A...