Estate agents have slammed stubborn and self-serving mortgage lenders for holding homeowners and homebuyers hostage for the sake of their own profits.
Peter Bolton King, head of the 10,000-strong National Association of Estate Agents accused banks and building societies of manipulating the market by failing to grant more loans. Continue reading Stubborn mortgage lenders hold property market hostage for profit
A 5,000-signature petition demanding changes in the law to speed up the eviction of problem tenants from buy to let rental properties has been handed in to Downing Street.
Mike Weatherley, Tory MP for Hove and Portslade is leading the protesters, consisting of 14 landlord businesses and representative groups, including the Residential Landlords Association (RLA). Continue reading I’m a landlord – get my problem tenant out of here!
The new universal credit for housing costs may still leave private landlords out on a limb over rent payments.
The proposed new rules will replace local housing allowance with a housing cost element of the universal credit system.
But the outline proposals are not clear over who gets the payment – the landlord or the tenant. Continue reading Will landlords benefit from universal credit?
High street banks lent less on mortgages last month than at any time since February 2001, according to the British Bankers’ Association (BBA).
In total, the high streets banks agreed loans of £7.6 billion – just over 16% down on the same month last year. Continue reading British Bankers Association says bank mortgage lending has sunk to a 9 year low
Landlord pressure groups campaigning for changes in the law to fast track evictions for difficult tenants are calling for support in a petition.
Mike Weatherley, Tory MP for Hove and Portslade is leading the protesters, consisting of 14 landlord businesses and representative groups, including the Residential Landlords Association (RLA). Continue reading Tory MP leads landlord campaign for faster evictions
Letting agents all over the UK are reporting a rush by tenants to rent buy to let homes as the mortgage squeeze continues to stop people who want to buy homes from jumping on to the property ladder.
The sadness behind the figures is that although thousands of would-be homeowners would snap at the chance of a mortgage, few can contemplate owning a home of their own in the near future. Continue reading Reluctant landlords cashing in on buy to let bonanza
The row over cutting housing benefits for tenants in private rented homes is rumbling on as the government is accused of fiddling the figures to make landlords look bad.
Two landlord lobby groups are taking welfare reform minister Lord Freud to task over his comments about private landlords. Continue reading Landlords blamed for spiralling housing benefit bill
Buy to let rents are surging to record highs as a shortage of properties and mortgage restrictions puts a brake on home sales.
Average rents are now £698 per month, after straight months of rises that have pushed them up 3.1% in a year, according to the LSL Property Services Rent Index. Continue reading Buy to let rents surge to record high.
The summer holidays hit mortgage approvals for August as the Bank of England revealed total loans to buy a home dropped to 47,372 during the month.
This is down on the July figure of 48,346 and the month-on-month average of 48,619 that had held since February 2010. Continue reading Mortgage lending remains sluggish for August. However, net lending secured on homes was up £1.7 billion, above the previous six-month average of £0.7 billion
Private landlords have no room for complacency and need to improve standards as the private rented sector changes, urges the National Landlords Association (NLA). Continue reading NLA urges landlords to improve standards