Landlords in Peterborough are enjoying the best rental returns of anywhere – even the flying high yields in London, according to letting agents haart.
Peterborough reigns supreme for one, two and three bedroom homes, says the first buy to let index from the letting agent, which has offices across England and Wales.
Property investors in the city can expect yields of 8.7% on a one bedroom flat, 9% on a two-bedroomed apartment and 6.7% on a three-bed house. Continue reading Peterborough is the Buy to Let Star of the East
Buy to let investments do not make landlords money even though tenants are paying record rents, according to a new study.
Financial experts reckon rents are languishing below pre-credit crisis levels when tax and inflation are taken in to account. Continue reading Landlords are Buy to Let Paupers Despite Record Rents
More people will rent than buy their home in 15 years as attitudes to letting change, says Grainger, Britain’s biggest private landlord.
Uncertainty over mortgages and jobs is steering people towards renting and, by 2026, 54% of Britons will rent, according to a survey by the company. Continue reading Britain Set to Become a Nation of Home Renters
According to Homelet’s latest index, rents dropped a touch in October but were still 4.2% higher than they were at the same time last year.
In London, the average is now a massive 23% higher than that of October 2009, and 8.8% higher than last year. Continue reading Homelet Find House Sharing Up, Rent Prices Down on Last Month
Buy to let landlords will see properties generating a better return from rents than yields over the next five years, according to a leading property consultancy.
Savills have forecast rents will surge upwards by 20.5% as the housing market shifts from a buying to renting model, driving more tenants to let property. Continue reading Buy to Let Rents Set to Surge by 20%
Rents in London have soared by more than a quarter in two years, according to a firm of leading estate agents.
In a snapshot of the private home rental scene in the capital, Knight Frank revealed rents have increased by 27% since 2009 while tenants are moving in to more homes with fewer coming back to the market.
The firm reckons rents are almost back to those at the peak of the market before the credit crisis. Continue reading Landlords Reap Rewards as London Rents Rise 27%
Buy to let rents are still going up – with tenants paying an average new high of £718 a month.
The cost of renting a private home has surged by 4.3% in the past year, leaving tenants having to find around an extra £1 a day more than they were paying in September 2010.
Rents are growing faster in the South East and East Midlands than other regions. Continue reading Buy to Let Rents Hit a New Record High
Maps that show commuting times to a destination postcode are a great aid for landlords who want to highlight public transport links near their properties.
Students and universities are big users of the new mapping service that works out bus and train travel times.
Landlords can use the maps to show prospective tenants just how long a trip in to a city centre or to a university will take.
The data can help landlords select property locations on good routes in to key areas, while tenants who want to know how long the trip to work or university will take can choose to rent a property in a convenient neighbourhood.
The mapping concept is simple – a property postcode is input in to the web site and a map is displayed with ripple zones away from the home in different colours representing 15 minute travel time bands.
This example is centred on Cardiff University showing all areas within a 75 minute commute. The inner red band denotes all the areas within 15 minutes travel of the campus.
Each change of colour moving away from the university adds another 15 minutes to the public transport commute.
In this example, students looking to travel no more than 30 minutes to get to the university should look for homes to rent in the two central red and amber zones. Those who do not mind adding an extra 15 minutes could consider homes in the yellow zone as well.
The maps can also be customised for travel at different times, so if lectures start at 9.30 am and students need to be there by 9.15, the map can be set for travel in the rush hour.
The commute area can be customised to travel times from 30 to 180 minutes and are prepared from public transport timetables and travel data.
Ten standard 1200 x 1200 pixel maps cost £25 each, and come with a licence for use on websites. The maps are available online from Mapumental
The latest Homelet index found average rent prices dropped last month, only the second time it’s dropped in successive months this year.
Across the country prices fluctuated, some regions saw big price drops while the regions where prices rose only did so slightly, accounting for the drop. East Anglia saw the biggest drop, dropping back under the £700 mark to £659. Continue reading Average Rent Down For Second Month in a Row
"Housing associations unite to try block changes"
Major housing organisations in the private and social rental sectors have joined forces to fight the government proposals to pay housing benefits direct to tenants.
The move affects the way millions of tenants are likely to pay their rents – especially the 20 per cent of tenants who have never had to budget for housing costs before.
The concern is tenants will spend the money on other living costs and lifestyle expenses rather than pay rent, leading to a massive amount of rent arrears. Continue reading Call for U-turn on Plan to Pay Rents to Tenants