Posts Tagged ‘Landlords’
Big Drop in Lending to Landlords
In its recent press release by the Council of Mortgage Lenders (CML) they headlined that Home-owner house purchase lending was down in April. They mentioned that Home-owners borrowed £8.1bn for house purchase, down 40% month-on-month and 4% year-on-year. First-time buyers borrowed £3.9bn, down 11% on March but up 15% on April last year. Landlords borrowed £2.5bn, down…
Read MoreThings to ask your seller before you move
We all know that moving house can be a stressful experience and there are many things which can make the process a little easier. The following little things can really help you with your move to your new home. Forwarding address Changing to a new address can take time and I wouldn’t be surprised if…
Read MoreHelp and Support from (HMRC) for Landlords
News story published on last Friday 10th June by HM Revenue and Customs. Help and Support from (HMRC) for Landlords Webinars, e-Learning, emails and videos for Landlords. Live webinars last for an hour. You can ask questions during the presentation and get answers from the HM Revenue and Customs (HMRC) host. For full details regarding…
Read MorePrivate rental sector demand continues to rise
Surveys of more than 1,800 Private Rented Sector (PRS) landlords and tenants undertaken by BDRC Continental on behalf of Paragon Mortgages has revealed a high degree of tenant satisfaction, and the role landlords see the PRS playing in the provision of housing in the UK. Demand for properties to rent rose in the first quarter…
Read MoreParagon Offer New BTL deals for Professsional landlords
Paragon Mortgages updates its buy-to-let (BTL) product range for professional landlords, unveiling an additional six new products. Paragon now offer new two year fixed rate products starting at 3.40% with a 1.50% product fee at 65% LTV for single self-contained units. There is also a two year fix at 3.75% with a 1.50% product fee…
Read MoreRecord rent rises across some regions.
According to data released today rents are now rising at the fastest rate for six months, reaching an average of £793 across England & Wales. New all-time records for three separate regions – led by the East Midlands with 8.5% annual rent rises. Landlords see total annual returns (before costs) of 10.7% in year…
Read MoreFunding for Goodlord Cloud Based Rental Platform
Goodlord, a rental platform founded two years ago and based in London has just raised £2m in seed funding, it’s purpose is to bring together tenants, landlords and letting agents through the cloud. The rental platform initially founded 2 years ago drew support in the funding from Robin and Saul Klein’s LocalGlobe Capital and Global…
Read MoreNLA approved as training provider for Rent Smart Wales
The National Landlords Association (NLA) have announced that they have been approved as an official Rent Smart Wales training provider. The NLA have secured approval to provide training for both landlords and letting agents, they will be working in association with the UK Association of Letting Agents (UKALA). The scheme requires all landlords and letting…
Read MoreBuying a property through auction
Auctions can be a great way to snap up a bargain. It is a quick and cost effective method when buying a property. However, it is important that you understand the process and are prepared for the issues that may lie ahead. Before the auction The first step to take is to look on the…
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 MoreTwo out of three for ‘Shelter’
Following the Fix Renting Campaign launched in January by the Housing Charity Shelter, which focused on 3 ways to make renting safer, they have now announced that thanks to the work of Shelter and their amazing supporters, the first two of them should now become law, along with strong measures tackling rogue landlords! Changes to…
Read MoreBullying by Landlords in Glasgow.
Local news in Glasgow is highlighting new research by Citizens Advice Scotland (CAS) that Glasgow landlords are “bullying” tenants and failing to carry out basic repairs. Citizens Advice Scotland said it received more than 6,000 complaints last year, with évidence of multiple cases of landlords failing to meet their legal responsibilities, many tenants are living…
Read MoreTENANTS NOW HAVE RIGHT TO REQUEST ENERGY IMPROVEMENTS.
From today (1 April 2016), tenants have the right to request consent from their landlords to make energy-saving improvements for the properties they rent. Landlords will not be able to refuse their consent without good reason, but tenants will need to ensure that they have a way of funding improvements at no cost to the…
Read MoreSmoke alarms in privately rented homes still an issue.
Figures from a recent survey showed that 20% of privately rented homes have no smoke alarms fitted, the report from the English Housing Survey revealed that households with a working smoke alarm increased among owner occupiers and local authority tenants but had not risen in privately rented homes. Fire Chiefs are concerned about the number…
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…
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