The decision by MEP’s to remove Buy-To-Let mortgages from the scope of a new EU Directive has been welcomed by a host of property professionals including the Residential Landlords Association (RLA) and Legal 4 Landlords. Under the original European plans, mortgage lenders would no longer have been able to take account of rental income when […]
Read MoreStuck property vendors that are being forced to make the move into the UK buy to let market, are being warned by landlord and lettings specialist service provider Legal 4 Landlords, that they need to spend more time researching the area where the property is and spend more time understanding the mechanics and legalities of […]
Read MoreTenants without Rent Guarantee Insurance are finding Private Rental Sector (PRS) rents are becoming more difficult to afford as many are handing over more than 50% of their gross pay to keep a roof over their heads according to the online property portal, Rightmove. The average pay-to-rent ratio across the UK is 38% – but […]
Read MoreAccording to the Royal Institute of Chartered Surveyors, (RICS), latest Residential Lettings Survey, the UK Private Rented Sector (PRS) experienced sustained growth between February and April 2012, with houses in greater demand than flats. 13% of chartered surveyors reported that PRS rents had increased with tenant demand largely responsible for the growth. 15% of chartered […]
Read MoreThere are fresh fears that First-Time Buyers (FTBs) and next time buyers are being forced out of the UK residential property market by Buy-To-Let landlords. The Council of Mortgage Lenders (CML) said that 32,300 Buy-To-Let mortgage loans were made over the first quarter of 2012, a 32% increase on the first three months of 2011. […]
Read MoreSquatting in residential properties is to become a criminal offence in Britain, after the Legal Aid, Sentencing and Punishment of Offenders Bill received Royal Assent this week. As from September 1st 2012, squatting in a private residential property in the UK will become a criminal offence and offenders could face up to six months in […]
Read MoreMainstream Buy to let mortgage lenders are changing their products and lending policies as they prepare for the new rules to be implemented that will tighten up on the necessary criteria borrowers must meet, causing a stir in the market. The Co-Op Bank announced this week that it was scrapping residential “Interest Only” mortgage products […]
Read MoreInvesting in a specialist landlord insurance policy is something all buy-to-let property owners should do, but it is the one vital area where people mistakenly try to curb their financial expenditure, it has been claimed. The statement comes at a time when a recent Paragon Mortgages report revealed that during the last 3 months, UK […]
Read MoreSavill’s Estate Agents, have released a report which is sweet music to every UK property investors’ ears: Private Rented Sector (PRS) rents are likely to rise by 20.5% between now and the end of 2016. Additionally, it is estimated that 20% of all UK households will be in the Private Rented Sector, securing growth and […]
Read MoreThe number of properties purchased using Buy-To-Let mortgages increased by 84,000 during 2011, increasing the supply of suitable Private Rented Sector (PRS) housing according to the latest data released by the Council of Mortgage lenders (CML). During the last quarter of 2011 a total of 34,800 Buy To Let mortgages, including 15,600 remortgages, were granted […]
Read MoreThere are scores of the current generation who are already facing the nightmare that is an under-funded retirement. It may appear unfortunate, but more and more people over the age of 60 are beginning to realise that it’s not too late to do something! It must be extremely scary to reach the end of your […]
Read MoreNegative equity is not a situation that many professional landlords with Rent Guarantee insurance and good rental yields has to worry about, but for many new or “reluctant” landlords forced to rent out their former homes in order to keep the mortgage paid, it can be a real problem. UK Buy To Let landlords and […]
Read MoreCounty court closures are being blamed for prolonging tenant rent arrears eviction hearings The number of tenants in severe financial difficulty has climbed by 10.2% in the first quarter of this year according to the latest tenant arrears tracker by Templeton LPA, part of the LSL Property Services plc Group. Almost 8,800 more tenants were […]
Read MoreThe rise in numbers of accidental landlords has accelerated over recent years but now mortgage lenders are beginning to clamp down on the practice. The National Landlords Association (NLA) said the number of would be vendors forced into letting their properties because they were unable to find a buyer has now risen to 7%, (up […]
Read MoreDemand for good quality rental properties in the UK is still increasing despite the doom and gloom reported by the media about the UK property market. New data from BM Solutions shows that UK landlords with rent guarantee insurance in place are seeing an average 4.8% growth in monthly rental yields. Buy to let property […]
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