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May 24, 2012
Buy-to-let lending climbs its way up
Permalink: Buy-to-let lending climbs its way up
by Gill Montia
Demand for buy-to-let shows no signs of weakening with almost two-thirds of brokers expecting to do more mortgage business with landlords this year than last.
According to research from Nationwide, almost three-quarters of brokers questioned believe the number of new landlords will ...
Landlords’ financial profiles revealed
Permalink: Landlords’ financial profiles revealed
by Gill Montia
Latest research from BDRC Continental reveals that 28% of landlords own their letting portfolios outright.
Thirty-three per cent own some but not all of their properties and 39% hold their portfolios via one or more buy-to-let mortgages (BTL), with the average number of loans ...
May 20, 2012
April rise in rents and arrears
Permalink: April rise in rents and arrears
by Gill Montia
Rents in England and Wales rose for the first time in three months in April, according to the latest buy-to-let index from LSL Property Services.
The lettings agent chain recorded a 0.5% average increase, to £709 per month, although the annual rate ...
May 16, 2012
Private rental yields fail to satisfy institutional investors
Permalink: Private rental yields fail to satisfy institutional investors
by Gill Montia
A new report from Hamptons International takes a look at the challenges faced by institutional investors considering investing in the UK private rental market.
According to the study, low yields are the biggest barrier - target gross yields were assumed ...
May 1, 2012
Crackdown on “beds in sheds” landlords
Permalink: Crackdown on “beds in sheds” landlords
by Gill Montia
A national taskforce has been set up to tackle the issue of "beds in sheds" and take action against criminal landlords harbouring illegal immigrants.
Housing Minister, Grant Shapps, and Immigration Minister, Damian Green, are holding a series of cross-Whitehall summits with representatives from the police, the UK Border Agency and local ...
Rents soon to level out
Permalink: Rents soon to level out
by Gill Montia
Rental prices in the private rental sector (PRS) could be levelling out, according to letting agents.
Research from the Association of Residential Letting Agents (ARLA) shows that in the first three months of the year, 50% of members were confident of increased achievable ...
Landlords continue property acquisition spree
Permalink: Landlords continue property acquisition spree
by Gill Montia
Landlords continued buying extra properties during the first three months of the year, according to buy-to-let lender, Paragon, typically increasing portfolio sizes by 1.8 properties to an average holding of 10.8.
Twenty per cent of landlords questioned said they expect to purchase ...
April 21, 2012
Benefit cuts make letting unaffordable
Permalink: Benefit cuts make letting unaffordable
by Gill Montia
New research from the National Landlords' Association (NLA) claims that around one half of private landlords can't afford to rent to tenants on Local Housing Allowance (LHA) because of government cuts.
In a recent survey, 53% of landlords said they believed renting to ...
April 20, 2012
Rents fall for second month
Permalink: Rents fall for second month
by Gill Montia
Rents in England and Wales dipped by 0.3% in March, falling for the second consecutive month to an average £705 pcm, according to the latest buy-to-let index from LSL Property Services.
The South West and East Midlands saw the biggest decreases, with rents ...
April 12, 2012
UK rental market “flourishing”
Permalink: UK rental market “flourishing”
by Gill Montia
The UK rental market is flourishing with an additional 58,000 properties marketed in 2011 compared to 2010, according to Experian's "Movers' Index", which offers insights across the housing market.
The number of properties put up for rent rose in every quarter of 2011, with ...
April 10, 2012
“Timid” planning reforms fail to address affordability
Permalink: “Timid” planning reforms fail to address affordability
by Gill Montia
The Government’s "timid" planning reforms will not solve affordability problems in the UK housing market, according to the Institute of Economic Affairs (IEA).
In a new report entitled "Abundance of land, shortage of housing", the right-wing think tank claims that not ...
April 4, 2012
Right to Buy relaunched with £75,000 discounts
Permalink: Right to Buy relaunched with £75,000 discounts
by Gill Montia
The Government has launched a "reinvigorated" Right to Buy scheme that will provide £75,000 discounts to help social tenants into home ownership.
According to Housing Minister, Grant Shapps, 2.5 million social tenants now have the opportunity to buy their homes with ...
March 22, 2012
Landlords overlooked in budget
Permalink: Landlords overlooked in budget
by Brian Turner
Landlord Assist, the nationwide tenant referencing and eviction firm, says the Government missed the perfect opportunity in yesterday's Budget to stimulate investment and encourage future growth in the buy-to-let sector.
Key announcements in the Budget included an increase in the personal tax allowance threshold, a reduction in top rate of income ...
March 19, 2012
Rents dip as tenants look to buy
Permalink: Rents dip as tenants look to buy
by Gill Montia
Rents in England and Wales dipped in February as tenants considered moving into the sales market to beat the end of the stamp duty holiday.
According to the latest buy-to-let index from LSL Property Services, average rent fell by 0.6% to ...
March 16, 2012
Credit ratings to include rent arrears
Permalink: Credit ratings to include rent arrears
by Gill Montia
A new service launched by Experian means that tenants in the UK private rented sector could see their credit rating hit if they run into rent arrears.
While information about mortgages is currently included in credit reports, rent payment information is not ...
March 15, 2012
Lettings agent complaints up 26%
Permalink: Lettings agent complaints up 26%
by Gill Montia
Following another year in which lettings complaints increased, property ombudsman, Christopher Hamer, is renewing his call for standards to be raised across the lettings industry.
In 2011, the ombudsman's office dealt with 7,641 letting enquiries, with the figure up 26% on 2010.
Just ...
March 14, 2012
Debt charity highlights rise in rental clients
Permalink: Debt charity highlights rise in rental clients
by Gill Montia
New figures from the Consumer Credit Counselling Service (CCCS) indicate that UK households in rented accommodation are "swimming against a tide" of falling real incomes when it comes to repaying unsecured debt.
An analysis of the 370,000 people ...
March 13, 2012
Property professionals fear squatting will increase despite new legislation
Permalink: Property professionals fear squatting will increase despite new legislation
by Brian Turner
Although anti-squatting legislation is now going through parliament, 62% of property professionals still fear that they will become a victim of squatting in the future and over 40% report they are currently experiencing problems with squatters, according to ...
March 1, 2012
Broadway launches property fund for homeless
Permalink: Broadway launches property fund for homeless
by Gill Montia
Broadway has launched the first property fund to buy accommodation to support homeless people in London.
Resonance, a fund management business specialising in impact investments, will manage the fund which will support the charity’s Real Lettings operation.
This currently provides 220 flats in ...
February 22, 2012
Review to encourage private rental investment
Permalink: Review to encourage private rental investment
by Gill Montia
Sir Adrian Montague has issued a formal call for evidence to support his independent review of the barriers faced by institutional investors looking to enter the UK's private rental sector (PRS).
The review forms part of the Government's housing strategy and will ...
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