Posts Tagged ‘Buy-to-Let’
Rightmove forecasts 6% rise for 2016
The Rightmove House price Index showed the lowest December dip (-1.1%) since 2006 in price of property coming to market, the 2015 annual rate up from 6.2% to 7.4% Rightmove 2016 forecast is that new seller asking prices to rise by 6%. Increasingly stretched affordability and extra stamp duty on buy-to-let sector will be outweighed…
Read MoreLimited companies being used by landlords
To avoid the higher taxes being introduced by the government more and more landlords are using limited companies when applying for their buy-to-let finance, lenders are responding to this new demand by offering an increasing number of loans available to those who apply through registered businesses. Landlords will be taxed on the full rental income…
Read MoreOpposition to tax relief changes for landlords.
It was announced this year by George Osborne that from 2017 the tax relief at 40% or 45% presently enjoyed by landlords on their mortgages on buy-to-let property will be cut to a flat rate of 20%. This has been seen as unfair by some in the industry, a recent report in The Guardian reports…
Read MoreNew powers over buy-to-let lending.
Earlier this week the governor of the Bank of England, Mark Carney expressed concerns about the buy-to-let market, he said he was worried that if house prices began to fall, investors might sell in large numbers, which could destabilise the economy. The Treasury has suggested that the Bank of England could order banks and building…
Read MoreNew tax for BTL and second homes in Scotland
It is not surprising that when George Osborne announced the additional 3% stamp duty for buy-to-let and holiday homes starting next April, there was little critiscm from over the border as there normally is when any new tax is introduced by Westminster. The Scottish Government has now also decided to introduce an additional 3% tax…
Read MoreBritain’s best known landlords sell up.
Fergus and Judith Wilson probably Britain’s best known buy-to-let landlords have sold their entire portfolio of homes to a consortium of foreign investors for more than £250m, according to the Guardian. In a statement to the Guardian, Fergus said: “We reached an agreement today with a consortium of buyers to sell our entire portfolio for…
Read MoreThe future for Buy-to-Let
Following the election back in May of this year there was one sector that shined out above the rest in the property industry, that was buy-to-let, how things can change in just over 6 months. Very few buy-to-let stakeholders would have imagined that when the Conservatives were returned to office without the hinderance of the…
Read MoreIncrease in Buy-to-Let mortgages.
Competion between lenders has increased due to a bouyant buy-to-let market, meaning better deals and lower rates on offer, according to Moneyfacts. Charlotte Nelson, finance expert at Moneyfacts.co.uk, reportedly said: “The buy-to-let market is clearly booming; with rents at a high and buy-to-let mortgage rates dropping to historic lows, there is great potential for prospective…
Read MoreBUY2LET.COM CALLS FOR AST REGISTER TO ROOT OUT ROGUES & QUANTIFY THE MARKET
Buy2Let.com has launched an online petition via the UK Parliament portal, calling for a national register of buy-to-let private rental properties. Just as owner-occupier property transactions are recorded and analysed via the Land Registry, we are campaigning for a register of transactions by buy-to-let investors, to help quantify the market and root out the rogue landlords.…
Read MoreAldermore reports residential mortgage growth
Aldermore group posted their 3rd quarter results yesterday. Aldermore Group has seen residential mortgages increase by 22 per cent to £3.1bn, compared with £2.6bn at the end of last year, putting it on track to deliver targeted 2015 net loan growth of circa £1.4bn. On track to deliver targeted 2015 net loan growth of c£1.4bn…
Read MoreMortgage approvals improve in third quarter
According to the Council of Mortgage Lenders in their press release yesterday there was a reported pick up in mortgage approvals in the third quarter First-time buyers saw month-on-month and year-on-year increases in activity by volume and by value in September. Home mover lending by contrast saw a dip in September compared to August, but grew by volume and…
Read MoreWeak oil price affects Aberdeen Property market
The weak oil price is affecting high end property prices in the north east of Scotland, also the buy-to-let property market in and around Aberdeen, reports suggest that the oil price is likely to remain low over the next five years because of plentiful supply and falling demand. In a report appearing in Energy Voice, …
Read MoreGeorge Osborne – The Teddington Landlord’s friend or enemy?
Well the last couple of months has been rather hectic as Teddington landlords, some who use us to manage their properties and other landlords who just read my Teddington Property Blog, have been sending me emails or picking the phone up to me about the new rules on buy to let taxation announced in the…
Read MoreAGENTS SHOULD SEEK OUT £1.5BN FEE INCOME FROM BUY-TO-LET
THE founder of the dedicated property investment search portal, Buy2Let.com has today warned that estate agents shying away from buy-to-let in the wake of new Government measures to try and stifle the market are missing out on their share of £1.5bn in fee income. Martin Wilkinson, who launched the portal this summer, says that despite…
Read MoreAdditional powers to control BTL mortgage market
Mark Carney the Governor of The Bank of England (BOE) has for some time now been making the point that the UK buy-to-let mortage market poses a threat to Britain’s economic recovery, at present certain controls exist for the residential mortgage market that do not for the Buy-To-Let (BTL) mortgage market. The Governor of the…
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