Agents have come under new fire from Which? for charging multiple ‘holding’ deposits from prospective tenants after one of its members of staff twice handed over £500 to an agent – and found he was not the only one to do so.
The Council of Mortgage Lender’s (CML) buy-to-let forecast for 2017 and 2018 has been revised down from previous expectations at the end of last year, as ‘tax and prudential measures’ continue to ‘exert pressure’ on the market.
Home lending in the UK increased month on month and year on year in May, however expectations for this year and 2018 in the buy to let sector have been revised down due to burdens on the housing market.
Southwark council in south London is sending leaflets to all its leaseholders to warn them that letting out homes on any short term holiday let websites would be a breach of the conditions of their lease and could face legal action.
With landlords’ purse strings being tightened by tax changes and a mortgage squeeze, a growing number of buy-to-let investors are choosing to ditch letting agents to find or manage properties, and are instead going it alone, new research shows.
Holiday home landlords who own property in sought-after locations in the UK can earn up to almost six times the average weekly rent in the UK in peak season, according to Second Estates, specialists in buying and selling holiday property.