Squatting 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 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 MoreNew Deposit Protection rules are now in force and the deadline for landlords and letting agents for the registration of a tenant’s deposit, for every single tenancy, must be completed within 30 days of 6th April 2012, therefore, the deadline will be the 5th May 2012 This Affects All PRS Landlords If They Have […]
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 MoreA large number of private residential properties are being rented out to tenants because the owners have moved out but found it difficult to sell the property on. In fact, according to the Association of Residential Letting Agents (ARLA), many people are choosing to rent out homes they cannot sell. This has led to an […]
Read MoreAn increasing number of private residential properties are being rented out to tenants because the owners have moved out but found it difficult to sell the property on the open market. The rise in “reluctant” or “accidental” landlords has caused ripples of concern within the UK lettings industry. In fact, according to the Association of […]
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 […]
Read MoreNew data released by Nationwide and Hometrack show that overall UK residential property values have fallen when compared to this time last year and the fall has been attributed to the changes in stamp duty. The average residential property value in March 2012 was £163,327. That is 0.9% lower than property prices were in March […]
Read MoreThe 2012 Budget may have affected a small number of millionaires using offshore companies to avoid Stamp Duty, but, accountants say thousands of buy-to-let landlords could be sitting on a “tax timebomb”. Many UK landlords now face paying two years tax liabilities during the next six months, creating a cashflow crisis after years of lightly-taxed […]
Read MoreThe latest figures released by mortgage lender Paragon have shown that almost half of the UK landlords surveyed think that tenant demand for PRS properties increased during the first quarter of 2012. 44% of UK landlords quizzed in Paragon’s latest Private Rented Sector Trends survey, reckon that tenant demand has continued to grow despite the […]
Read MorePrivate Rented Sector (PRS) rent arrears dropped in February with 9.3% of all rent late or unpaid at the end of the month, down from 10.7% in January. With household bills increasing, UK unemployment still rising and the whole country still struggling to avoid a double dip recession as a result of the Eurozone crisis, […]
Read MoreThe British media are claiming Buy-To-Let properties are being mishandled by the emergency bank, UK Asset Resolution, set up by the UK Government. UK Asset Resolution, the emergency bank set up by the UK coalition Government to manage the Buy-To-Let mortgages originally lent by Northern Rock and Bradford & Bingley, is alleged to be treating […]
Read MoreIn the UK long term property renting has become more of a necessity for those who cannot afford to buy a home of their own. Millions of Britons have already resigned themselves to never owning their own home as they become more comfortable with the prospect of long term renting. At the end of […]
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