Mortgage lending to buy-to-let investors remained largely unchanged in August despite an overall increase in residential mortgage lending, according to the latest figures from UK Finance.
The BBC says Right To Rent legislation is fuelling a burgeoning market in fake IDs – in some cases creating access to property to the illegal migrants that it was supposed to identify and prevent.
Average rents in the UK increased by 1.1% in the 12 months to September 2017, driven by growth in the south of the country although they were unchanged in Greater London, the only area not to see a rise.
Almost a third of renters in the UK do not have a life-saving carbon monoxide alarm in their property, with four in five unaware that it is their responsibility – and not their landlord’s or agent’s – to provide one.
A growing number of landlords are turning to corporate structures in an effort to reduce tax liability and avoid stringent new rules on mortgage affordability, according to fresh research.
Keystone Property Finance has relaxed its criteria around its buy-to-let proposition in a bid to help win more business from both portfolio and non-portfolio landlords.
Four of every five pounds lent for buy-to-let purchases via Mortgages 4 Business in Q3 were borrowed by a limited company, according to the latest edition of the Limited Company buy-to-let Index.
One of England and Wales’ biggest deposit schemes has admitted it can go on earning interest on money left unclaimed in its custodial pots.
One of the UK’s largest law firms is reporting an increase in the number of private landlords wishing to reduce or sell off their property portfolios.
Almost half of landlords in the UK would refuse to let to a new tenant with a poor credit score despite in depth credit checks not forming a part of the usual application process.
Rents in the UK rose by an average of 2.1 per cent during September according to HomeLet.
A strong majority of tenants admit that they have broken tenancy rules in at least one significant way.
Rents outside of London have dropped by 0.2 per cent in the third quarter of this year according to new data from Rightmove.
Almost a quarter of households in Britain will be renting privately by the end of 2021 as rising house prices and stagnant wages put homeownership out of the reach of a growing number of people.
Portfolio landlords unable to borrow or contemplating selling because of new Prudential Regulation Authority rules are being urged to consider equity release as an option.
Rents are falling near Crossrail 2 stations as City Hall and the Department for Transport tussle over funding the £31bn project, Landbay research has found.
Tax relief changes coupled with rent controls could trigger the next property crash.
The Secretary of State for Communities and Local Government, Sajid Javid, yesterday pledged to offer private sector tenants’ greater rights by making it compulsory for private landlords to sign up to an ombudsman redress scheme – and that there will be a consultation on a new housing court.
A new survey by a property insurance firm suggests more than half of private rental sector tenants have remained in the same property for at least five years – defying the popular belief outside the sector that tenants have to move frequently.
A rise in interest rates could damage the housing market, a senior industry figure has warned.