The UK's independent property help portal
10 August 2012

Revival in buy-to-let lending

Permalink: Revival in buy-to-let lending
by Gill Montia

Revival in buy-to-let lending
Buy-to-let lending increased by 5% in the second quarter of 2012, according to the Council of Mortgage Lenders (CML). In the three months to June, lenders advanced 33,200 loans worth £3.9 billion (up from 32,300 mortgages, worth £3.7 billion in the first quarter). ...

24 July 2012

Social tenants get “Right to Buy” call centre

Permalink: Social tenants get “Right to Buy” call centre
by Gill Montia

Social tenants get
A fresh drive to help social tenants understand how they can buy their homes with increased discounts has been launched by Housing Minister, Grant Shapps. A dedicated call centre and website are now up and running, aimed at ensuring that ...

14 July 2012

Social tenants warned on sub-letting

Permalink: Social tenants warned on sub-letting
by Gill Montia

Social tenants warned on sub-letting
With two weeks to go before the start of the Olympics, Housing Minister Grant Shapps has called on social housing landlords in East London to be extra vigilant and take tough action against tenants trying to make a fast-buck by sub-letting their ...

22 June 2012

Average rent £712 per month

Permalink: Average rent £712 per month
by Gill Montia

Average rent £712 per month
Rents rose for a second consecutive month in May, according to the latest buy-to-let index from LSL Property Services. Average rent in England and Wales increased by 0.4%, to £712 per month, as rents returned to January levels. However, the rate of annual ...

20 June 2012

Rental deposit complaints up 80%

Permalink: Rental deposit complaints up 80%
by Gill Montia

Rental deposit complaints up 80%
Shelter is urging private rental tenants to make sure their deposits are protected, having seen calls regarding deposit protection issues rise by 80% in the last two years. According to the charity, the average deposit for a privately rented home currently stands ...

13 June 2012

Parents burdened by Generation Rent

Permalink: Parents burdened by Generation Rent
by Gill Montia

Parents burdened by Generation Rent
The struggles facing young Britons trying to move into homes of their own are impacting the financial future of their parents and families, a new study from Halifax and NatCent Social Research claims. According to the analysis, half of 20 to 45-year-olds questioned ...

11 June 2012

Record numbers to rent as economy stagnates

Permalink: Record numbers to rent as economy stagnates
by Gill Montia

Record numbers to rent as economy stagnates
Record numbers of Britons could be renting their homes by 2025, should the UK economy continues to stagnate. According to new research from the Resolution Foundation and homeless charity, Shelter, low levels of house building, constrained mortgage finance and low income ...

30 May 2012

High rents forcing thousands into debt

Permalink: High rents forcing thousands into debt
by Gill Montia

High rents forcing thousands into debt
Thousands of tenants are being forced into debt by high rents and the financial squeeze, according to new figures from the Consumer Credit Counselling Service (CCCS). More than 10,000 people contacted the charity for help with rent arrears in 2011, ...

24 May 2012

Buy-to-let lending climbs its way up

Permalink: Buy-to-let lending climbs its way up
by Gill Montia

Buy-to-let lending climbs its way up
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

Landlords' financial profiles revealed
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 ...

20 May 2012

April rise in rents and arrears

Permalink: April rise in rents and arrears
by Gill Montia

April rise in rents and arrears
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 ...

16 May 2012

Private rental yields fail to satisfy institutional investors

Permalink: Private rental yields fail to satisfy institutional investors
by Gill Montia

Private rental yields fail to satisfy institutional investors
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 ...

1 May 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

Rents soon to level out
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 continue property acquisition spree
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 ...

21 April 2012

Benefit cuts make letting unaffordable

Permalink: Benefit cuts make letting unaffordable
by Gill Montia

Benefit cuts make letting unaffordable
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 ...

20 April 2012

Rents fall for second month

Permalink: Rents fall for second month
by Gill Montia

Rents fall for second month
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 ...

12 April 2012

UK rental market “flourishing”

Permalink: UK rental market “flourishing”
by Gill Montia

UK rental market
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 ...

10 April 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 ...

4 April 2012

Right to Buy relaunched with £75,000 discounts

Permalink: Right to Buy relaunched with £75,000 discounts
by Gill Montia

Right to Buy relaunched with £75,000 discounts
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 ...