Rising interest rates are a hot topic right now and not just in financial circles. Everyone is talking about the issue, its effect on the economy, on business and on household budgets. The impact on the property market is likely to be significant with the effects felt by homeowners, landlords and tenants. While headlines often […]
Read MoreIf it wasn’t such a serious issue, we’d shake our heads in disbelief at Chancellor George Osborne’s planned changes to Mortgage Interest Relief. From 2020, tax will be calculated based on rental income, not on profit. Buy-to-let landlords who have been able to use the interest on their mortgage to offset their tax bill will, […]
Read MoreDisgruntled savers who refuse to continue to suffer dreadful interest rates offered by banks are turning to buy-to-let property to provide very lucrative returns. Property investment in the UK is increasing and more and more people are becoming aware of the potential profitability of letting out decent standard rental property to tenants who want somewhere to live. […]
Read MoreBuy To Let Mortgages Continue To Lead The Way In UK Property Market Re-mortgaging activity in the first quarter of 2013 saw UK mortgage lending reach a new high, with more landlords trying to raise finance to buy more suitable residential properties with a view to letting them out to tenants, according to the latest […]
Read MoreIt looks like 2013 could be a very busy year for UK Buy-To-Let, according to the Association of Residential Lettings Agents (ARLA). The average number of rental properties owned by BTL landlords rose from 7 to 8 in the final quarter of 2012, and the market expansion looks set to continue throughout 2013 as better […]
Read MoreAccording to one of the UK’s leading mortgage lenders, residential property prices in the UK rose by more than economists had expected in January putting a halt to the annual decline. Nationwide say that residential property prices in the UK actually increased by 0.5% in January 2013, a further sign that the two years of […]
Read MoreWhen the financial crisis started in 2007/8, mortgage lending in the UK almost stopped because mortgage lenders became wary of the toxicity of sub-prime mortgage loans and raised their lending criteria to unprecedented and highly restrictive levels, virtually killing the UK property market. This meant that empty properties became financial millstones for many people who were unable […]
Read MoreLandlords are extremely positive about the current state of the UK Buy-To-Let market, according to a recent survey carried out by CHL Mortgages. According to the survey 71% of respondents were positive about the growth and stability of the UK Buy-To-Let market. 5% remained negative about the sector’s growth and stability. The positive mood from […]
Read MoreThe 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 MoreThe UK may need an extra 1.1 Million private sector rental properties within the next 4 Years as 1 in 5 Households could be in PRS properties. The number of people renting homes in the UK Private Rented Sector (PRS) has almost doubled over the last ten years, increasing from 2.5 Million tenants in PRS […]
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 MoreBuy To Let Mortgage Borrowing Up 84,000 On 2010 2011 saw the number of UK residential properties bought using Buy To Let mortgages rise by 84,000 on 2010 figures. Council of Mortgage Lenders (CML) figures show that landlords advanced a total of 34,800 buy to mortgages in the last three months of 2011 alone, with a […]
Read MoreHome insurers and the UK’s coalition Government are still arguing over paying for flood protection, meaning Millions of homeowners and Buy-To-Let Landlords are facing uncertainty over house prices, mortgage availability and the validity of their insurance policies. If the UK Government fails to meet the demands of insurers to reinstate flood protection cuts then insurance […]
Read MoreThe demand for Private Rental Sector (PRS) residential property and the rise in the number of tenants struggling to meet their rental payments on a regular monthly basis is expected to see the decline of the UK residential property rental market. According to the latest lettings survey from the Association of Residential Letting Agents, (ARLA) […]
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