A report on trends in the buy-to-let sector during the last quarter has revealed that landlord portfolios have expanded slightly in the past year, especially among those who already have larger numbers of properties.
News & Advice
Now that the Tenant Fees ban is in place, recent rental market reports have shown average rents are on the rise. UK rents rise and fall for a variety of reasons and right now, it’s possible that a number of reasons are at play. However, according to ARLA Propertymark, the new Bill is the main culprit behind rising rents in May.
Recent reports show that the front runner in the Conservative leadership contest, Boris Johnson, is planning to make big changes to the UK’s current stamp duty tax system. The idea is to help kickstart the UK’s housing market once more, particularly if the UK exits the EU without a deal in place.
One of the great problems when moving into a new rental property for many tenants is paying the deposit. Now, the government is looking into a possible solution that could make it easier for tenants through the idea of deposit ‘passporting’.
The number of over 50’s living in rental accommodation in the UK has risen by over 60% in just seven years, new research shows. While the highest proportion of renters aged over 50 are in south east England, in every region detailed in the data, over 50s account for more than 10% of tenants.
Each month, Her Majesty’s Revenue and Customs (HMRC) department publishes property sales data, based on the number of transactions it receives Stamp Duty Tax on. In the latest report, which covers transactions made during May, the figures show the UK’s appetite for property purchases fell.