A majority of buy-to-let landlords see the UK’s vote to leave the EU as a threat to their property business, with some reviewing their plans to invest further in the industry, according to a new survey.
The UK’s largest property auctioneer says its first quarter’s sales figures for 2018 are ahead of those for the same period last year.
Average house prices in the UK have increased 4.4 per cent in the year to February according to the latest official house price index from the Office for National Statistics.
Quarter of a million households in the private rented sector in England put up with shoddy or unsafe homes and don’t complain as they fear eviction, new research suggests.
Equity release lending in the UK has more than doubled in the last two years to reach £870 million in the first quarter of 2018 resulting in almost £10 million of housing wealth being withdrawn a day.
Average house prices in the UK increased by 4.4% in the 12 months to February 2018, down slightly from the 4.7% recorded in the previous month, taking the average to £225,000, according to official figures.
A significant number of portfolio landlords in Britain plan to buy more properties over the next 12 months despite challenges and changes in the sector.
Both Theresa May and Philip Hammond have rented out their London homes while living at Number 10 and 11 Downing Street respectively.
Generations of young people in the UK face never being able to own their own home and instead renting a property for the whole of their lives, according to a think tank report.
Mortgage lending for first time buyers, home movers and remortgagors increased in February 2018 compared to the previous year, the latest figures from the trade body for UK lenders.
Tax and regulation changes are prompting many buy to let landlords in the UK to diversify with over half indicating they are looking to move into the houses with multiple occupants sector, new research shows.
The number of buy-to-let investors in the UK reached a record high of 2.5 million in the latest tax year, up 5% in 12 months, new research by ludlowthompson has revealed.
New figures show a 30 per cent rise in the past year in the number of Build To Rent units planned, under construction or completed.
The latest mortgage snapshot from e.surv has reinforced recent claims from other sources that London’s housing market remains the most difficult anywhere in the UK.
A website that monitors house prices says “red warning lights are flashing as market conditions in London and the South East deteriorate”.
There was a 61% rise in formal complaints to the private rented sector’s Property Redress Scheme in 2017 compared with a 40% rise in the previous year.
Private sector rents across the UK recorded a modest rise in the first quarter of 2018 and growth of 0.9% in the last 12 months, the latest index shows.
Property asking prices are rising strongly in parts of the UK, led by the Midlands, Wales, and the North of England, but they are falling in London and the South East, the latest index report shows.
Yorkshire has emerged as a hotspot for first time buyers with the largest number of small deposit mortgages taken out in the region while London continues to be the toughest for those with smaller deposits.
London and the South East appeals most to over-50s investors
BTL landlords weary of threat posed by Brexit
Auction firm says first quarter sales show improvement on 2017
Agents warn of two-tier market as London falls but rest of UK booms
Research reveals many tenants in England don’t complain over fear of eviction