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Zero deposit scheme?

Author: Readers Question

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Rural renters hit hard by rising rents

Author: Property118.com Landlord News Team

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Change to stop rentals in flat development?

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What is length of time for a bailiff eviction date?

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Is £250 ground rent increase an issue?

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UK rent growth slows after hitting price peak

Author: Property118.com Landlord News Team

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Kate Davies of IMLA discussing impact of PRS regulation on landlords and tenants

BTL landlords are facing a shocking 80% rise in borrowing costs

Author: Property118.com Landlord News Team

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Brits paid out £85.6bn in rent during 2023

Author: Property118.com Landlord News Team

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Labour wants to ban tenant bidding wars - landlord explains why that won't work

Author: Property118.com Landlord News Team

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Dan Wilson Craw, the deputy chief executive of Generation Rent

Renters face affordability crisis despite LHA boost

Author: Property118.com Landlord News Team

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The average buy-to-let mortgage rates for some typical two-year fixed rate deals favoured by landlords have doubled since the start of the year, it has been revealed. According to Property Master's Mortgage Tracker, the average rate for a typical £160,000 BTL mortgage fixed for two years for a Loan to Value (LTV) of 60% had more than doubled since the start of this year – from 1.69% in January to 3.43% in August. This took the monthly cost, including fees, from £262 to £494, an increase of £232. The online buy-to-let mortgage broker also found that the same mortgage fixed for five years had also increased dramatically from 1.94% in January to 3.5% in August - an increase in monthly costs, including fees, from £273 in January to £481 in August, up £208. 'Cost of buy-to-let mortgages continues to rise inexorably' Angus Stewart, Property Master's chief executive, said: "The cost of buy-to-let mortgages continues to rise inexorably. "Obviously, much of this reflects the Bank of England's decision to hike interest rates for the sixth time earlier this month but there are other factors at play too. "We are seeing reduced competition in the buy-to-let mortgage market caused by a combination of factors with some lenders using higher rates to manage customer demand, whilst others are taking the opportunity to widen their margins." He added: "We have said for some years that increased regulation and higher costs were leading to the professionalisation of the private rented sector. "In reality, this will mean fewer but larger landlords. 'Unaffordable rises in mortgage costs' "For many of the smaller players in this market, unaffordable rises in mortgage costs will undoubtedly lead them to conclude buy-to-let no longer works for them. "Indeed, the latest figures from HMRC show a dramatic increase in takings from Capital Gains Tax suggesting many landlords are deciding this is the moment to sell-up." The Property Master Buy-to-let Mortgage Tracker follows 30 lenders who constitute around 75% of total BTL mortgage lending.

The same BTL mortgage deal that is worse for existing customers?

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Tenant bidding wars - Why are landlords being blamed?

Author: Landlord Crusader

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Can I sell though I'm going to trial?

Author: Readers Question

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Sadiq Khan wants EPC measures for the PRS reinstated

Author: Property118.com Landlord News Team

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