While lots of commentators are saying the Brexit vote will mean a spell of falling house prices, others disagree. There are a number of views and predictions of an immediate increase, in the London market at least, as overseas investors look to get more for their money while the pound is in free fall.
A Bank of England (BOE) member has told the UK Parliament’s Treasury Select Committee (TSC) that he expects banks’ buy-to-let (BTL) lending activity to slow in the wake of the UK’s vote for Brexit as lenders survey the new, post-Brexit landscape.
NatWest bank is lifting its benefits restrictions on Buy-to-Let (BTL) mortgages and will allow landlords to let their rental properties to tenants in receipt of Government benefits, the bank announced on March 1st. The decision comes after a Department of Work and Pensions Committee wrote to NatWest – and others – asking about their policies on this topic. The letter also questioned whether or not restrictions on benefits recipients amounted to unlawful discrimination.
The UK’s main professional and regulatory body for letting agents, ARLA Propertymark, has released a new report that investigates short-term lets and how they affect the private rented sector. The research has been conducted by an independent consultancy called Capital Economics, and while it’s important to remember that it was commissioned by an association of letting agents who will be broadly against short-term rentals, the report does contain a lot of fascinating analysis and exploration of industry trends.
2019 wasn’t an easy year for the buy-to-let sector. Recent budgets and new pieces of legislation have been quite tough on landlords, and the UK’s political instability hasn’t helped either. But what can we expect as we enter 2020? More of the same, or are things looking rosier for the private rented sector?
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.
A New Year often fills many of us with a desire to make changes to improve an area of our lives. For the property investors among you, reappraising your portfolio could be the perfect way to make a change to effect a positive change to your lifestyle.
Some people are calling it the ‘PPI of property’. But why are new-build houses being sold as leasehold rather than freehold properties? What’s wrong with this? And what might the future hold?
Recent news has highlighted a dearth of private sector BTL landlords across the UK right now. Not only are existing portfolio landlords selling up in the face of a tougher tax regime for the sector, potential new landlords are opting for easier options, that are less penalised by the Government.
The call to abolish Section 21 was back in the news again in early October 2018, when Croydon Council became the first local authority to lend its support to the campaign. But what’s the campaign about, and what effects might it have on landlords?
The introduction of a New Year will often mean that we look for new things to pop into our lives over the course of the next 12 months.
Whether or not you decide to furnish your new buy to let property depends on many factors.
Landlords invest in property for two main reasons:
A plethora of parks, nearby mountains, beautiful coast and castles a-plenty, make Cardiff a particularly lovely place to live. With abundant sporting events at the Millennium Stadium, brilliant shopping and a wide range of both chain and independent shopping, the capital city of Wales really does offer something for everyone.
Aberdeen regularly tops best places to live charts thanks to its flourishing oil industry. It has a high number of millionaire homeowners, great employment, a low crime rate, and is located amidst the stunning and majestic Scottish countryside.
Bangor is a tiny city in North Wales – one of the smallest in Great Britain. What it lacks in size however, it more than makes up for in stunning countryside and proximity to other similarly stunning areas of the North Wales coastline.
Bath is a perpetually lovely city in the South West. Full of achingly beautiful Georgian architecture, home to naturally occurring thermal spa waters, and well connected to Bristol, and London by train. Bath really does have something for everyone.
Bradford is a tough little city that works hard. Given its location on the edge of the North Yorkshire national Park, and next to a legion of other bustling northern metropolises, Bradford has a lot going for it.
Cambridge is a world-renowned city. Mostly famous for its excellent university, this little city has an awful lot going for it.