Tag Archives: Rising Rents

Britain’s Looming Housing Crisis Commercial Finance, Latest Articles, Property Development, Property Investment News

With people living longer and with less people per household, it is pretty obvious that more housing is needed. But that’s just the tip of the iceberg.

The Office of National statistics has predicted that the UK population will grow to 71.6 million by the year 2033.

But where will they all live? Continue reading Britain’s Looming Housing Crisis


Buy to Let Rents Set to Surge by 20% Buy to Let News, House Prices, Latest Articles, Lettings & Management

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%


Property118 Landlords Newsletter – Issue 63 Latest Articles, Newsletter

 

The first two featured articles in this weeks edition have sparked an interesting debate so please take the time to scroll down and read the comments as well as the articles themselves.Feedback on any article is always extremely welcome.  Please remember you can also share these articles via email, Facebook, Twitter and LinkedIn.

Featured Property News Articles This Week

“Don’t Shoot The Messenger!” Harassment vs Chasing Overdue Rents
Ben Reeve-Lewis – “When a tenant has beef with their landlord, I’m the guy they go to. My job is to either negotiate or prosecute, depending on the circumstances.”
Maslow’s Theory Applied to Landlords and Tenants
“In the West Midlands we are addressing the issue of educating the young to understand their future housing options, financial obligations and choices”. By Mary Latham.
How Facebook Can Help Landlords & Letting Agents
I’ve heard reports of 30 prospective tenants applying for every property on landlords and lettings agents books. What do they do with the other 29 records of prospective customers?
Housing Market has Bottomed Out, Say Mortgage Lenders
Property values are about to level out and then show a modest increase, says the Council of Mortgage Lenders (CML),
Unmissable Landlords Conference 23/09/2011 Birmingham
Two speakers, combined landlord experience spanning nine decades! No sales BS, Guaranteed NO UPSELL.
Landlords Give Green Light to Green Deal
Around two thirds of property investors have told the National Landlords Association (NLA) that they support upgrading their homes to meet the new standards.

—————————————

Other Property News
Crooks Have Plagued us for Years, Says Leading Letting Agent
Abusive Landlord Fined £650 for Threats
HMO Planning Rules Confuse Student Landlords
Tenants Feel the Strain of Rising Rents and Inflation
Paint It Red
Gifts and Discounts to Tempt Property Investors
London Buy to Let Rents Surge to a Record High
Homelet Find Rents Are Still Rising
HMRC Handles 1,000 Tax Fraud Emails Every Day
Secret Billionaire Pays £7,857 a Day Rent for London Flat
Get Out of Property Now?
Yours sincerely


Mark Alexander
Founder

 


Tenants Feel the Strain of Rising Rents and Inflation Latest Articles

Graph of stack of houses with arrow going up it

"Rents and arrears are up say LSL"

Soaring buy to let rents and the rising cost of living are putting pressure on tenant spending power.

Rents were up 1.2 per cent in August – but rent arrears also increased for the first time since April, according to the biggest letting agent across England and Wales, LSL Property Services.

Average buy to let rents hit £713 per month – £8 a month up on the previous peak of £705 registered in July and the highest monthly increase in a year. Continue reading Tenants Feel the Strain of Rising Rents and Inflation


London’s calling corporate investors in to buy to let Latest Articles, Property Sales & Sourcing

Tower bridge and City Hall, London

"London could become a property investor battleground"

London buy to let landlords may soon have to fight toe-to-toe with institutional investors for prime residential property.

Soaring rents and a shift from owning a home to renting a home for younger adults is triggering fresh interest in residential investment from pension funds and property companies ready to pour millions into housing in the capital.

A key indicator is a rekindling of interest in letting homes from British Land. The firm stepped out of the residential market in 2006, just before the property bubble burst.

Decreasing investment risk by partnering-in building houses with developers and the government, as well as rising rents, is making many institutions look again at putting money into homes.

The residential investment market has reversed from get-rich-quick aspirations based on soaring house prices to a more long-term view based on stable yields. The strategy is buy to rent, not buy to sell.

The residential property business model outside the UK has always favoured corporate rather than personal investors.

Successive governments have tried to spark institutional investment interest with REIT trusts without much response, but the hope is now that a changing market is making residential property investment more attractive for big funds.

The target is residential property within the M25 – the motorway effectively places a ring of confidence around the capital that is encouraging investors.

House price surveys, rental returns and professional opinion from august bodies like the Royal Institution of Chartered Surveyors all indicate a widening gulf between the London property market and that of the rest of the UK.

London & Stamford extended the firm’s residential portfolio to around £150 million with the recent acquisition of more than 100 homes in Islington, North London, for £50 million. The deal is reckoned to return a yield of 5.3% climbing to around 10% over three years on a purchase that was 20% below market value.

Chairman Raymond Mould said: “We can see strong rental growth in the Central London residential market not only due to the constrained development of new build but also because first time buyers continue to be kept out of the market by the need for higher mortgage deposits than was historically the case.”


Nationwide confirms lifeless housing market Latest Articles, Property Market News

Model Houses For Sale signProperty prices are unlikely to bounce back strongly regardless of how the economy improves over the rest of the year, predicts mortgage lender Nationwide.

The latest survey from the building society shows house prices increased by 0.3% from April to May, but the average home is worth around 1.2% less than a year ago at £167,208. Continue reading Nationwide confirms lifeless housing market


More landlords can expect to pay 40% tax Financial Advice, Latest Articles, Tax & Accountancy

More landlords can expect to pay higher rate tax from next April thanks to new income tax rates published with little publicity by the Treasury.

In previous years, the Chancellor has announced changes to tax rates and thresholds in an autumn pre-budget statement, but this was cancelled following the new coalition emergency budget in June. Continue reading More landlords can expect to pay 40% tax


Buy to let bonanza as rents set to soar. Latest Articles, Lettings & Management

Increasing tenant demand and a fall in the number of properties available to let are driving rents higher, says the latest letting market review from the Royal Institute of Surveyors (RICS).  

Tenant demand is strongest in London and the East but increased across all regions. Continue reading Buy to let bonanza as rents set to soar.


Landlords eager to expand buy-to-let portfolios. Report from LSL Property Services Latest Articles, Property Sales & Sourcing

One in four buy to let landlords have solid confidence in property investment and believe now is a good time to invest.

Only 2% consider now is a good time to reduce their portfolios – and although the rest think now is not the time to invest, one in three (32%) want to buy more buy to let property in the coming year. Continue reading Landlords eager to expand buy-to-let portfolios. Report from LSL Property Services


Property Forum and News website where UK landlords and letting agents share best practice