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Tenants frustrated by lack of communication with letting agents

Author: Property118.com Landlord News Team

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Landlords urged to thwart fraudsters with the 'Property Alert' scheme

Author: Property118.com Landlord News Team

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We would like this to be the largest landlord consultation on the Renters' Reform Bill

Author: Property118.com Landlord News Team

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Author: Property118.com Landlord News Team

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Government cash to teach social housing tenants to complain

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Why do HMO bedroom requirements matter?

Author: Readers Question

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Fears over winter rent arrears crisis as energy costs soar

Author: Richard Reed

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Shadow Housing Minister backs NRLA calls on Rent Smart Wales

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.

Some BTL mortgage rates have doubled this year - as rates rise 'inexorably'

Author: Property118.com Landlord News Team

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Is it time for landlords to have guarantors for all tenants?

Author: Readers Question

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Return of deposit with Blu Tack marks on walls

Author: Readers Question

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DPS report record rent increases

Author: Property118.com Landlord News Team

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