The average UK rent increased by 2.6% in March to £764 a month, according to the latest survey by specialist landlord insurers Homelet.
London rents are still defying gravity and average £1,156 a month. Continue reading Buy to let rents keep rising as tenants get poorer
Godiva 3.65% two year Bank Base Rate Tracker for buy to let.
Godiva has an attractive looking Tracker product with fixed arrangement fees instead of a percentage of the loan amount, making it especially competitive for higher value loan amounts up to a maximum of 65% Loan to Value. Continue reading Godiva Rate Added to buy to let mortgage calculator
Buy to let mortgage brokers are celebrating a buoyant first quarter of business as landlord demand for loans increased.
Almost 80% of mortgage brokers expect buy to let to continue growing for the rest of the year, according to the findings of a buy to let broker sentiment survey by Paragon Mortgages. Continue reading Confidence is high for buy to let landlords and brokers
Rows of unsightly “To Let’ boards outside buy to let homes could be banned if MPs vote in favour of a proposed new law.
Some cities already have local planning rules limiting the size, colour and number of boards, but Newcastle East MP Nick Brown wants to extend the law nationwide. Continue reading MP campaigns to ban ‘To Let’ boards
Thousands of tenants are in rent arrears with a growing number adding to the total every month, according to statistics from rent receivers.
Almost 95,000 tenants were at least two months behind with their rents in the quarter ending March 31 – an increase of 20% compared with 12 months ago and a 10.2% on the last three months of 2011, says Templeton LPA. Continue reading Number of tenants in arrears surges 20% in a year
Demand for buy to let lending has dropped for the first time in two years, according to the latest Bank of England lending survey.
Specialist landlord lenders told the Bank that they expect the figures to be a blip and the market will quickly recover from the slight fall. Continue reading First drop in buy to let lending for two years
With rents still continuing to rise, insurance provider LetRisks is urging to buy to let landlords to ensure they are in a position to cope with rising arrears and evictions.
All figures relating to arrears and evictions appear to be the rise. The number of tenants with two months or more arrears increased by 11,400 in the space of a year according to the latest Tenant Arrears Tracker by Templeton LPA and evictions in the last quarter of 2011 went up 11% compared to the last year too. Continue reading Landlords warned to be insured against arrears
Buy to let entrepreneurs can only finance around a quarter of the £200 billion investment needed in property over the next five years – leaving a massive shortfall in homes, according to new research.
Unless institutional investors, like pension funds, fill the breach, the UK will not have enough homes to meet demand regardless of government attempts to try to kick-start the market by relaxing planning rules and underwriting mortgages with the NewBuy scheme. Continue reading Buy to let rents predicted to rise by 20% in five years
Buy to let rents nudged down by 0.6% in February – the third fall in the past year, according to the UK’s largest chain of letting agents.
Letting activity dropped back over recent weeks, according to LSL Property Services, mainly due to the end of the stamp duty holiday for first time buyers triggering a buying frenzy. Continue reading Rents drop again for buy to let landlords
Missing a rent payment could affect a tenant’s credit rating as one of the largest credit checking firms opens a new service for landlords and letting agents.
Experian is opening data files on a tenant’s rent payment history as a new check for landlords and letting agents vetting renters who want to move in to their homes. Continue reading Experian launches rent payment profile for tenants