Posts Tagged ‘Landlords’
A rise in the number of Landlords selling up in April according to ARLA
Latest ARLA Private Rented Sector report – April 2018 reveals letting agents saw the highest number of landlords selling their buy-to-let (BTL) properties since records began in 2015. ARLA reports that in April the number of landlords exiting the market rose to an average of five per branch, up from four in March. In March,…
Read MoreLandlords in Scotland continue to earn strong returns according to Your Move
Latest Your Move Scotland – Rental Tracker – May 2018 report – April 2018 data headlines ‘Scottish rental market continues stable performance’. The report reveals that Landlords continue to earn strong returns, average rent increases of 0.2% in the last year. Edinburgh and Lothian has highest rents in Scotland with capital city rent averages £672…
Read MoreLandlords need to comply by 25th May 2018 with General Data Protection Regulations (GDPR)
Only a few days to go before the GDPR comes into force on the 25th May 2018, the RLA has warned that landlords who have not already done so need to seek urgent advice and support to ensure they are fully compliant with the law. Landlords are warned to prepare for the complexities of the…
Read MoreRental growth picks up across Great Britain in April according to Hamptons International
Latest Hamptons International Monthly Lettings Index – April 2018 reveals that in April the average cost of a new let in the North fell for the first time in four years. The average cost of a new let reached £953 pcm in Great Britain in April, 1.9% up on the same period last year. Average…
Read MoreLandlords in the East of England most positive about the future according to Paragon
Landlord confidence across a range of measures remained stable or increased in the first quarter of 2018 compared with the end of last year, according to a recent survey carried out on behalf of Paragon. Paragon reveal that landlords in the East of England were most positive about the future, with over half (53%) of…
Read MoreGovernment publishes Tenant Fees Bill to ban letting fees across England
The Government has now published it’s Tenant Fees Bill, which will ban all letting and agents fees charged to tenants by agents and landlords in England. The new government bill to ban letting fees across England is set to save tenants millions of pounds and make the market fairer and more transparent. The Bill will…
Read MoreThe number of Buy-to-Let mortgage products goes above 2000 for the first time according to Moneyfacts
The number of Buy-to-Let (BTL) products has now passed the 2,000 mark for the first time on their records according to a recent report from Moneyfacts.co.uk, this comes depsite the BTL market having its fair share of turbulence. Moneyfacts reveal that there are 2,022 BTL mortgage products available at the moment, this figure is up…
Read MoreParagon highlights the changes in behaviour of both landlords and lenders as tax changes begin to bite
Paragon Q1 2018 PRS Trends survey report highlights a number of interesting changes in behaviour of both landlords and lenders as regulatory and fiscal changes begin to bite the buy-to-let sector. Research revealed that in the first qtr of 2018 portfolio landlords (6-20) properties increased in number from 35% to 39%, while those landlords with…
Read MoreCitizens Advice is backing call by MP’s for greater protection for vulnerable tenants.
Citizens Advice is backing a call by MPs on the housing committee to give greater protection to vulnerable tenants who fear revenge eviction. On Monday this week, Citizens Advice revealed in a report that a quarter of a million households in England put up with shoddy or unsafe homes out of fear of eviction. The…
Read MoreNumber of Landlords re-mortgaging for home improvements reaches record high according to Countrywide
The latest Countrywide plc Monthly Lettings Index report – March 2018 reveals that the number of landlords re-mortgaging to release money for home improvements has reached a record high. In the last 12 months 9,523 landlords who re-mortgaged their buy-to-let withdrew money for home improvements, that figure is more than triple the number recorded in…
Read MoreZPG welcomes back Chestertons and other partners to their platform.
In a recent press release, ZPG, owner of Zoopla and PrimeLocation, has reported that it has signed a listings agreement with Chestertons, one of London’s largest estate agencies. Chestertons, which operates 32 offices across London, will begin to advertise all of its property listings across the ZPG platform with immediate effect. ZPG stated that it…
Read MoreCrackdown on those renting out overcrowded and dangerous homes
Measures to improve overcrowded and dangerous living conditions of private tenants in shared homes were laid before Parliament yesterday (15 March 2018) by Housing Minister Heather Wheeler. Councils are being given tough new powers to tackle the small minority of rogue landlords who rent out overcrowded properties and impose fines of up to £30,000 for…
Read MoreNew year has started in a positive fashion for the rental market in England and Wales says Your Move
The latest Your Move England and Wales Rental Tracker – January 2018 data released February 2018 headlined ‘Strong start to the year for the Engalnd and Wales rental market’ The latest Rental Tracker reveals that average rents have increased by 2.5% in the last year, average rent now stands at £829 per calendar month. In…
Read MoreFuture-proof your profits by acting now
Do you believe if you repeatedly ignore bad news, it might go away? Are you utterly convinced that the Government will see sense, backtrack and allow you to continue charging tenant fees? Perhaps you have been far too busy (or hiding under a rock) to notice the avalanche of industry alterations that threaten your profitability.…
Read MoreLondon Landlords cutting rents according to NLA
Latest news release 6th February 2018 from the National Landlords Association (NLA) reveals that London landlords are cutting rents. According to recent research by the NLA, one in five landlords (16 per cent) in outer London has reduced rents over the last year. The NLA state in their report: The research also shows that the…
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