Posts Tagged ‘Landlords’
A new tax year begins tomorrow along with changes for buy-to-let landlords
Tomorrow the 6th April is a new tax year, it is when buy-to-let landlords will begin to feel the direct effects of the next tightening of taxation of the sector. The Council of Mortgage Lenders (CML) in a recent news release headlined ‘Tax changes put more pressure on buy-to-let landlords’ point out that, from the…
Read MoreFirst, locate your rabbit
In his film Phenomenon, John Travolta plays a character who gets hit by lightning, unexpectedly rendering him a genius, temporarily at least. One scene in the movie stuck with me. Travolta’s character, George, is initially perplexed by the fact that a rabbit is somehow getting into his vegetable patch, and resolves to fix the problem.…
Read MoreWelsh government introduces bill to abolish right to buy
The Welsh Government’s proposal to end the right of social housing tenants to buy their own homes started its journey through the National Assembly for Wales on Monday 13th March, the rights to buy will be abolished across the housing sector, including housing associations and council homes. The Welsh Government aims to protect the Welsh…
Read MoreWhy you Don’t need an App
Where’s your phone, right now? I bet that it’s not more than three feet from you; am I right? And there’s around a 50% chance that you’re even reading this post on your phone. When I reach for my computer to search for something on the internet, around 50% of the time, that computer is…
Read MoreWhy you Don’t need an App
Where’s your phone, right now? I bet that it’s not more than three feet from you; am I right? And there’s around a 50% chance that you’re even reading this post on your phone. When I reach for my computer to search for something on the internet, around 50% of the time, that computer is…
Read MoreThe central London rental market is beginning to show signs of topping out says the NLA
Recent news article from the National Landlords Association (NLA) posted 19th February headlined ‘Landlords follow tenants out of capital as rental demand nosedives’. The article leads: The central London rental market is beginning to show signs of topping out as tenant demand slides and landlords look to higher yielding investments in other areas of the…
Read MoreA record number of Landlords buy in cash last month.
Countrywide yesterday 14th February released their Monthly Lettings Index – January 2017 headlined ‘Cash landlords hit a record high’. In the highlights they reported that January 2017 saw a record 61% of landlords buy in cash, up from 59% last year and 41% in 2007. In the North West of England landlords are most likely…
Read MoreAn increase in gross mortgage lending of 12% for 2016 on previous year
The Council of Mortgage Lenders (CML) yesterday reported in a press release that they estimated that gross mortgage lending reached £20.4 billion in December. The CML mentions that the estimated gross mortgage lending total for the year 2016 is £246 billion, a 12% increase on the previous year of £220 billion and the highest annual…
Read MoreLending for landlords wanting to offer longer tenancies
The Council of Mortgage Lenders (CML) news release yesterday 19th January headlined ‘Fact Check: Do lenders really oppose longer tenancies?’ The CML points out: As market conditions have steadily improved in the aftermath of the financial crisis, lenders have continued to make funding more readily available for housing in all tenures, as part of this…
Read MoreDecember a record month for appraisal leads says ZPG
Zoopla Property Group (ZPG) announced earlier this week that they delivered a record number of unique appraisal leads to their agent members in December 2016, at the same time they announced that total appraisal leads generated for their members during 2016 were also up by an impressive 31% on 2015. Mark Goddard, Managing Director of…
Read MoreARLA responds to Scottish Government’s proposals
In a news report published yesterday 9th January on their website The Association of Residential Landlords (ARLA) responds to Scottish Government’s proposals on new private residential tenancy. ARLA has responded to the Scottish Government’s consultation on the proposals for regulations and policy supporting the Private Housing (Tenancies) (Scotland) Act 2016, arguing that the forms and…
Read MoreNew Landlords – where to find them and how to get them
How independent letting agents can attract and convert new landlords by using creative and innovative marketing tactics. Landlords are elusive creatures. Hard to find, difficult to market to, and almost impossible to poach. Most traditional methods of marketing just don’t work on landlords. With a vendor, at least you know where they live. Trying to…
Read MoreRent Smart Wales – enforcement powers are now active
Since 23 November 2015, all landlords operating in Wales were required to become registered. ÿ Landlords had a year to comply with this new obligation, thisÿ requirement comes from Part 1 of the Housing (Wales) Act 2014. The legislation made provision for those who needed to comply to do so within a year, without fear…
Read MoreLandlords slow to register with Rent Smart Wales
With just 6 weeks to go before the deadline for Landlords to comply with the law in Wales, only just about 25% of Landlords are presently registered according to Welsh Government figures. The Rent Smart Wales scheme will require landlords to be trained in their responsibilities and obligations. Rent Smart Wales process landlord registrations and…
Read MoreInvestors return to the market says Rightmove
Rightmove, yesterday 12th October, published the Rental Trends Tracker for 3rd Qtr which headlined ‘Buy-to-let enquiries up 30% since May as investors return to the market’. The report mentions: Buyer enquiries from potential landlords and investors are now up 30 per cent since May, new rental listings up on the same quarter last year and…
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