The number of tenants evicted from rented homes in England and Wales in the first quarter of 2016 has risen by 5%, according to new figures. However, the Ministry of Justice (MoJ) says that repossession rates for those who own their homes has now fallen to a record low. The […]
Top cause of stress for landlords revealed
One of the main causes of stress and worry for the UK’s landlords has been revealed as the controversial ‘Right to Rent scheme’, says a new study. In a report from letting agents PropertyLetByUs, they say that the legislation causes stress for one in three buy to let landlords and […]
Landlords face buy to let mortgage restrictions
Landlords are expected to face buy to let mortgage restrictions after one lender changed its criteria to demand that rental income was increased before a loan is agreed. The Mortgage Works said it is increasing the amount of rental cover required – which is how much a landlord needs to […]
Pensioner buy to let landlords ponder selling-up
Despite offering a valuable retirement income, more than 40% of retiree landlords are considering off-loading their buy to let property, according to a survey. Responsible Equity Release also found that seven in 10 pensioner landlords said that without their rental income they would struggle to get by. More than 1,000 […]
Buy to let mortgage approvals soar
The latest figures for buy to let mortgage approvals have revealed that numbers rocketed in January as buyers rushed to beat the upcoming stamp duty changes. In research from esurv, January saw 85,400 house purchase approvals – a rise of 20.6% on December’s figure. However, this is the highest number […]
Landlords say buy to let sector will be damaged
Landlords around the UK say that the government’s continued assault on buy to let will end up causing serious damage to the market, according to one survey. Property management firm Orchard and Shipman says that 90% of the 500 landlords they questioned, said that the coming tax hikes will lead […]
BTL landlords ‘don’t assess true costs’
The boom in the buy to let sector is seeing growing numbers of landlords not assessing properly the true cost of their outgoings, says one BTL specialist firm. According to Platinum Property Partners, this means the landlords have no idea about whether a property investment will be profitable or not. […]
Landlords plan for buy to let portfolio investment
Nearly one in five buy to let landlords in the UK are looking to add to their portfolio which will help fuel a boom in the property market, according to the Nottingham Building Society. The building society has published a report which also says that 4% of homeowners are planning […]
BTL landlords could be forced out of business
Worries that the tax crackdown on landlords announced in the recent Budget have been proven with a new survey which reveals that one in five landlords believe they will be put out of business within the next two years. The findings come from specialist landlord law firm, Access Legal, who […]
Number of buy to let products rockets
The growing popularity of buy to let in the UK has been underlined with news that there are now more than 1,000 financial products available for landlords, according to Moneyfacts. The website says this is the first time that more than 1,000 buy to let mortgages have been available since […]
