Results from the latest Quarterly Lettings Index survey by Countrywide have revealed a highly favourable rental market for UK buy-to-let landlords in the private rented sector. The Countrywide quarterly lettings index analyses all UK PRS rental prices, rent arrears and gross rental yields and is the UK’s largest national lettings index based on over 50,000 rental […]
Read MoreIn the UK private rented sector, the average rental price for a residential property now stands at a staggering £777 (GBP) per month across the whole of the country, but there are some regional differences. Private sector rents in Greater London rose by 6.7% during the last 12 months to reach a regional average of £1,224 […]
Read MoreThe number of tenants in severe rent arrears declined by 15.6% during the final quarter of 2012, according to data released by Templeton LPA, part of the LSL Property Services group. The data indicates that in the last quarter of 2012, almost 16,000 fewer tenants faced severe rent arrears of more than 8 weeks rental […]
Read MoreUK residents are still paying more than 40% of their net income on housing costs, keeping the UK as the third most expensive place to live in the EU behind Denmark and Greece UK families are still among the worst off in Europe when it comes to housing costs, spending more than 42% of their […]
Read MoreRents rose for a second consecutive month in May to stand at an average £712 per month in the UK, returning to the same level as in January 2012. According to the latest Buy-To-Let index from LSL Property Services, the 0.4% rise in May means that rents are now 2.3% higher than in 2011. Added […]
Read MoreA rising number of landlords are having to evict their tenants and for many of them, the reason is that tenants are falling behind on their rent. New research from the Money Advice Trust shows the number of people calling about rent arrears has risen by 84 per cent in recent years. A spokesman for […]
Read MoreNews out at the weekend shows house sellers have reduced asking prices for the second month in a row. Most of the year has seen vendors putting their properties on the market for far more than the amount sellers are willing to pay, but vendors are now beginning to accept that their asking prices are […]
Read MoreBy: Madalena Penny After 9 consecutive months of rent rises, according to LSL Property Services, rents have increased a further 0.4% from September to an average of £691 per month. While on the surface it could look as though landlords are making hay while the sun shines, the rent-savvy landlord is all to aware there’s […]
Read More
