In the UK the combination of high tenant demand, increasing rents and realistic vendor pricing of properties for sale has been a major driving factor behind the increase in PRS rental yields. Buy-To-Let rental yields increased from 6.1% to 6.7% over the last quarter of 2012, with the biggest jump in the private rented sector […]
Read MoreResidential property values increased by an average of 1.3% in December 2012 but according to the latest figures released by the Halifax, property values are likely to end 2013 at levels close to where they began. The Halifax House Price Index revealed an average residential property price of £163,845 (GBP), up from £161,795 (GBP) in […]
Read MoreGovernment ministers face an increasing amount of pressure to disclose their official estimate of how many immigrants will pour into Britain next year from Eastern Europe, after remarks were made on The BBC’s Sunday Politics Show. Communities and Local Government (DCLG) Secretary Eric Pickles conceded on TV that a wave of immigrants from Romania and […]
Read MoreProperty experts and economists have predicted that the 2013 residential property forecast for the UK is going to remain much the same as last year. This is good news for all property investors, who are able to get finance, but not welcome news for struggling first time buyers as the UK residential property market remains […]
Read MoreWell it’s January 2013 and it has become a bit of a tradition to start the New Year with inspirational quotes and positive affirmation messages, in order for landlords and property investors to start the year with a positive mental attitude. “Someone’s sitting in the shade today because someone planted a tree a long time […]
Read MoreWhat’s in store for the UK residential property and Buy To Let markets in 2013? Many of the predictions made by respected property analysts have so far been fairly positive in that the state of the UK residential property sales market can’t really get much worse, and the Buy To Let rental market should continue to […]
Read MoreUK Property Prices Still Falling But Its Not All Bad… UK property prices fell faster than expected in November2012, attracting many new buyers according to the Royal Institute of Chartered Surveyors (RICS). In its latest analysis of the UK residential property market, RICS found that: 9% more of RICS surveyors reported property price falls rather than rises, […]
Read MoreUK Property values will remain subdued in 2013 It has emerged that while first-time buyers are continuing to struggle to secure mortgage loans on any type of property, according to UK mainstream mortgage lender, The Halifax. The UK mortgage lender said that while the overall outlook for UK property values “remains more unclear than usual” it […]
Read MoreLenders tell Buy-To-Let landlords they are not allowed to house tenants claiming benefits. UK private rental sector (PRS) landlords with buy-to-let mortgages are being prevented by their mortgage lenders from letting rental properties to tenants claiming benefits. BM Solutions, the buy-to-let brand of the Lloyds Banking Group, is one lender, and Accord, a Yorkshire Building […]
Read MoreFailure To Plan Is Planning To Fail A recent survey by a national lettings agency has highlighted financial losses incurred by landlords due to failing to plan for unexpected costs. Landlords pay an average of £1500 (GBP) per year out of their rental income on covering tenant rent arrears, maintenance and repair bills and void […]
Read MoreThe UK buy-to-let mortgage market continues to show signs of making a good recovery as lenders reveal that over £4 Billion (GBP) worth of mortgages were taken by active property investors during the 3rd quarter of 2012. The UK’s Council of Mortgage Lenders (CML) stated that £4.2 Billion (GBP) worth of mortgages were taken […]
Read MoreThe UK’s rental market has seen strong growth over the last year with rents stabilising in the third quarter to an average rent of £970 per calendar month after an initial fall in price in August. The market has seen a 2 percent increase in rents from September 2011, just 0.6 percent below the rate […]
Read MoreThe Residential Landlords Association (RLA) have discovered that finance for landlords is woefully inadequate with almost 50% of UK landlords struggling to get additional mortgages, remortgage or even obtain more finance. The RLA asked its members about obtaining further finance to expand their rental property portfolios 24.1% found it very difficult to get a Buy-To-Let […]
Read MoreUnderinsuring properties means landlords risk higher repair costs New research by Aviva insurance found that 86% of rental properties surveyed were found to be significantly underinsured The results of the survey have prompted many landlord insurers to issue a warning to all landlords about the risks they face if their properties are not insured to […]
Read MoreRenting Property Costs More Per Month Than Buying It! A study by mainstream mortgage lender the Halifax has revealed that renting a property now costs over £130 per month more than the monthly cost of buying a property. UK landlords are holding on to Buy-To-Let goldmines as not only can they command premium rental prices from tenants but they […]
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