Mortgage lending has slumped to the lowest level for a decade as banks and building societies tighten their grip on the housing market.
Mortgages and remortgage advances added up to £136 billion in 2010 – the lowest total since 2000 and almost a fifth (18%) lower than 2009. Continue reading Mortgage lending slumps to lowest level for a decade
Cash-strapped banks are offering to write off huge amounts to encourage landlords and property investors to remortgage to another lender.
Some banks are offering up to 25% of any mortgage debt as an incentive. Continue reading Buy to let lenders offer ‘golden goodbye’ discounts
Tenants struggling to pay rent arrears to buy to let landlords have rocketed by 20% in a year, according to the Citizen’s Advice Bureaux (CAB).
The free access advice centres across England and Wales dealt with 20 rent arrears inquiries every day during the three months ending September 30. Continue reading Buy to let rent arrears up 20%, say advice watchdogs
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?
Almost 50% of tenants evicted by private landlords find themselves on the street because they do not pay their rent.
The other main cause of friction between landlords and tenants is antisocial behaviour, with 23% of landlords reporting this as a cause for eviction.
The figures come from two sets of recent research by the National Landlord Association (NLA). Continue reading 50% of evicted tenants didn’t pay their rent