The buy-to-let property market is currently experiencing a wave of reforms, with the government looking to alter the way in which the market operates.
Politicians in London and Scotland are looking at new controls which could be imposed on home owners letting out their properties via short-let platforms.
Average rents in Scotland increased steadily last year, up 1.7% year on year in December to £571 and for landlords there were higher yields than most of the rest of the UK, the latest buy to let tracker shows.
Millions of people who rent homes in the private rented sector in the UK want to challenge their landlord or letting agent when their deposit is not returned but don’t know how to, new research suggests.
Homes in Multiple Occupation produced average yields of 8.9 per cent in 2017, the highest of all buy to let property types according to Mortgages for Business.
The average number of properties managed by letting agents rose from 192 in November to 200 in December – the highest since the Association of Residential Letting Agents started keeping records in January 2015.
Liverpool and Nottingham are the UK’s best performing property investment locations for landlord with average net rental yields of 6.2%, the latest research shows.
Well over half of those investors who recently secured buy to let mortgages risk facing losses when mortgage interest tax changes make their full impact in 2021.
Regulatory changes to lending in the UK has seen landlords with a portfolio of properties finding it harder to get a mortgage, new research suggests.
The head of franchise giant Belvoir says government interference in the rental sector is likely to result in a rise in rents throughout 2018 and into 2019.
News that a growing number of buy-to-let landlords are likely to exit the private rented sector or reduce the size of their property portfolio over the next 12 months due to policy changes comes as little surprise to many people, including a senior property investment specialist.
An accountancy trade body, the Association of Accounting Technicians, is advising the government to investigate what it calls “the questionable tax arrangements” of some short-let online platforms like Airbnb.
Almost three-quarters of buy to let mortgage transactions made by landlords operating via limited companies in the final quarter of last year were used to buy property rather than for refinance purposes, according to specialist broker Mortgages for Business.
More than half of those who bought, sold or rented a home in the last five years in Britain had issues with their estate or letting agent, new research has found.
London continued to be the worst performing region in Britain when it comes to house prices, with values falling by 0.8% between October and November 2017, official data published yesterday by the Office for National Statistics (ONS) revealed.
The Treasury has confirmed that the ban on credit card surcharges which came into effect in recent days does apply to letting agencies that have so-called ‘plastic transactions’ with individual landlords and tenants.
Last year saw a significant drop in the number of homes bought by landlords according to data released this morning by Countrywide.
The British Government is planning further measures against rogue landlords to give tenants in the private rented sector and social rented sector rights to take legal action if their home is unfit for human habitation.
Residential rents in the UK increased by an average of 2.4% last year, an increase from 1.8% in 2016, taking the average rent to £960 per month, the latest index shows.
Landlords showed extreme resilience in 2017, new data has revealed, with 57% of the mortgage applications received by Accord Buy To Let coming from those affected by new regulation.