The government is today proposing to consult on scrapping Section 21, so-called ‘no fault’, repossessions in the private rented sector in favour of improving the court system to ensure landlords can more speedily repossess properties through them in legitimate cases.
Nearly three in five (59%) London-based landlords purchased their buy-to-let property outside the capital during the last 12 months, Hamptons International Monthly Lettings Index has found.
Over a third of landlords in the UK want buy to let lenders to apply a manual underwriting process as they struggle to obtain lending in the High Street.
Rents for new tenancies in the UK have begun to rise at a rate not seen in the market for over two years, up 3.3% in the 12 months to March 2019, the latest index shows.
Landlord action to mitigate higher tax costs will lead to a lower level of buy-to-let remortgage transactions going forward, Paragon’s PRS Trends Report for Q1 has predicted.
The British Government has failed to prepare the rental market for Brexit with landlord warning that European Union citizens may face problems securing a home to rent.
The average rent for a property in the UK grew by 0.96% in the year to March, as slow rents in London (0.57%) continued to weigh down on otherwise resilient rental growth in the rest of the UK (1.16%), Landbay has found.
New guidance has been released on inventory report to help landlords and letting agents in the private rented sector in England ahead of the introduction of the Tenant Fees Act in June 2019.
New research has suggested that more than half (58%) of landlords are involving accountants when making key property decisions.
The residential lettings sector in the UK is facing more reform with a new regulatory framework currently being drawn up by a property working party, it has been confirmed.
Advertised rents in the UK fell by 1.25% year on year in the fourth quarter of 2018 but there is considerable variation depending on location, the latest letting agent index shows.
Buy to let mortgage costs remain stable with little movement recorded over the past three months according to a market snapshot by Mortgage Brain.
The number of London landlords exiting the market last month was a whopping 125 per cent higher than the national average.
For the first time, the South East of England has overtaken London as the region with the most buy to let purchases in a calendar year, new research has found.
Nearly six out of 10 landlords (58%) saw an increase in their 2017-18 tax bill, Paragon’s PRS Trends Report for Q1 2019 has found.
Two in three (64%) landlords with more than four properties plan to buy using a limited company structure this year, research from Precise Mortgages found.
Rogue landlords have been warned that they will face action if they rent unfit properties to students in Britain as new regulations have now come into force to give tenants more power.
London, Manchester and Liverpool are the most popular cities for buy to let investment in the UK going into 2019 and most landlords are planning to increase their portfolio, new research has found.
Tenants now have the right to sue their landlords for cold or damp homes under new laws that have come into force.
Despite clouds of uncertainty hanging over the London market, there are still pockets of the capital like the E6 postcode in East London that offer rental yields as high as 5%, London sales and letting agent, Benham and Reeves has found.