"Homelet's London figures"
Buy to let rents in London have surged to a new peak of £1,202 a month.
Rents are still climbing in most regions, but are soaring in the capital as London reports the only rising house prices in the country over the past 12 months.
Rising prices and difficulties in finding mortgage finance have led to more tenants looking to rent.
According to the Communities and Local Government Department figures, house prices in London were up 0.9 per cent over the 12 months ending July 2011 – everywhere else returned a price fall. Continue reading London Buy to Let Rents Surge to a Record High
LSL have found the maket is still very favourable for landlord
Rental arrears decreased for the second month in a row, according to LSL Property Services latest buy to let index. The figure now stands at £257million, down 18% on May’s figure of £315m.
This was a result of 9.3% of rent being paid late or missed in June instead of the 11.5% recorded the month before.
David Newnes, LSL’s estate agency managing director had expected the change but there was more to it than tenants being better off. He also offered a warning for future months. Continue reading Rental arrears down, say LSL
Rents continue to rise
Rents are raging out of control in some areas of the country as tenants desperate for a home gazump their rivals and offer higher rents than landlords are seeking.
But buy to let seems a game of two halves – with some regions away from prosperous London seeing rents fall. Continue reading Rent prices still going up according to LSL