Posts Tagged ‘Buy-to-Let’
Paragon Group half year results.
The Paragon Group of Companies PLC announced yesterday its half year results for the six months ended 31 March 2016. Commenting on the results, Nigel Terrington, Chief Executive of Paragon, said: “This has been another outstanding performance from Paragon, with strong profit growth complemented by significant progress in our lending activity and further development in…
Read MoreRightmove House Price Index (May)
The latest Rightmove House Price Index report headlines buy-to-let feast leaves higher prices for first time buyers. Modest May rise of 0.4% (+£1,118) in price of property coming to market in the last month masks nasty spring surprise for first-time buyers. An 80% uplift in March transaction numbers has left behind a property drought…
Read MoreShould Purplebricks be using these types of TV adverts?
Don’t get me wrong, I love the Purplebricks TV adverts and quite obviously they work… in fact, I think of all the hybrid/online models in the UK- they will be the ones that will succeed because of their model – but spending £1m a month on TV adverts is beyond most agents budgets, yet I…
Read MoreBTL Index report from Your Move and Reeds Rains
According to the latest Buy-to-Let Index report from Your Move and Reeds Rains, Flurry of buy-to-let property interest in March pushes total annual returns to 12.2% for existing landlords. Across England & Wales rent rises average 3.0% over the last year, to now stand at £791 per month. Midlands powerhouse pushes record rents, reaching £597…
Read MoreAverage asking price hits record high
According to the most recent Rightmove House Price Index, buy-to-let ignites chain reaction, driving prices to record high Average price of property coming to market up by 1.3% (+£3,843) to set a record high of £307,033 A last minute rush from investors to buy before April 1st helped to ignite an onward chain reaction: Stamp…
Read MoreLenders compete for BTL mortgage business
Buy-to-let mortgage rates are being slashed to record lows in an effort to keep the market alive following the continued efforts by the Chancellor George Osborne to keep the buy-to-let boom under control. In fact these efforts by the Chancellor appears to have triggered what might be called a ‘price war’ as lenders compete to…
Read MoreStamp duty changes apply from today
The new rate of stamp duty on buy-to-let property and second homes comes into force today 1st April. There are exemptions however to this change in property tax, buying a property for less than £40,000, caravan or houseboat will not be included. Home movers who buy their next property before selling the one they are…
Read MoreBuy-to-Let mortgages consultation (BoE)
Bank of England publishes consultation on proposals for regulation of buy-to-let mortgages 29th March 2016. Underwriting standards for buy-to-let mortgage contracts – CP11/16 This consultation paper (CP) seeks views on a supervisory statement which sets out the Prudential Regulation Authority’s (PRA’s) proposals regarding its expectations of minimum standards that firms should meet when underwriting buy-to-let…
Read MoreFears of further clampdown on buy-to-let sector
Buy-to-let investment has risen by almost 100% over the last decade, at present it is around 14.5% of new mortgage lending, this represents a very strong group of investors. There are serious concerns coming from the Bank of England’s regulatory department that an increase in UK base rates, whenever this may be, could set off…
Read MoreAverage rents rise as landlords get squeezed.
Tenants in the private rented sector (PRS) are now beggining to feel the affect of George Osborne’s policies over the last year, the attack on Landlords has been virtually non stop, last year’s Autumn Budget and Spending Review certainly was the last straw for many property investors, many came out losers following the way tax…
Read MoreHousing market slowdown expected from April.
In just under 4 weeks time, starting the 1st April the new stamp duty rate for buy-to-let investors and second home buyers comes into force, many are trying to beat the deadline so as to make the saving of the extra 3% they would be paying after the cut off date. Agents and conveyancers alike…
Read MoreHow To Make Your Buy-To-Let A Success.
Buying a property with a view to renting it out can be very profitable when done right but also extremely costly and stressful if you don’t know what you are doing. Let’s take a look at some tips to help you avoid some common buy-to-let pitfalls and become a successful landlord. Be Professional Once you…
Read MoreWebsites – Off The Shelf v’s Bespoke?
When designing and developing a website it’s tempting to get an affordable, standardised template site that on the surface of it covers the basic things you need. Ultimately though, you have to consider what your website says about you and your brand (if it’s cheap and off the shelf, why would your customer service be…
Read MoreHealthier returns for Landlords
According to the latest Buy-to-Let Index from Your Move and Reeds Rains, taking into account both rental income and capital growth, the average landlord in England and Wales has seen total returns of 12.0% over the twelve months to January, this figure is up from 11.25% in the twelve months to December. Reed Rains and…
Read MoreLandlords need to be aware of changes.
No more so than now do Landlords need to be aware of impending changes to their industry, for the past year there has been major changes in the way they should operate and how their profitability should be calculated, most recently are the changes to their mortgage tax relief. The most vunerable of landlords are…
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