Tag: UK

Landbay reduces its five-year fixed BTL mortgage rates

Author: Property118.com Landlord News Team

12th December 2023, 2 years ago | 1

Landlords looking for a five-year fixed rate mortgage can benefit from lower rates offered by Landbay. The specialist buy to...

Renters face affordability crisis despite LHA boost

Author: Property118.com Landlord News Team

11th December 2023, 2 years ago | 3

Low-income renters in England will struggle to afford their homes even after the government’s recent benefit boost, a campaign group...

Sellers lower prices as housing market cools down

Author: Property118.com Landlord News Team

11th December 2023, 2 years ago | 0

The UK housing market saw a bigger than usual drop in new seller asking prices this month, as sellers became...

Brits paid out £85.6bn in rent during 2023

Author: Property118.com Landlord News Team

11th December 2023, 2 years ago | 3

Renters in Great Britain will pay a staggering £85.6bn in rent this year – that’s more than double the amount...

BTL landlords are facing a shocking 80% rise in borrowing costs

Author: Property118.com Landlord News Team

8th December 2023, 2 years ago | 7

Buy to let landlords with mortgages will struggle to break even in the next two years with their borrowing costs...

Zoopla boss blames record migration for UK rent crisis

Author: Property118.com Landlord News Team

7th December 2023, 2 years ago | 55

The UK is facing a rent crisis as record net migration has increased the demand for rental accommodation, according to...

UK property prices rise again in November

Author: Property118.com Landlord News Team

7th December 2023, 2 years ago | 4

House prices in the UK increased by 0.5% in November, the second consecutive monthly rise, the Halifax house price index...

Property fraud risk is higher in some UK regions

Author: Property118.com Landlord News Team

7th December 2023, 2 years ago | 2

A new study has revealed that some regions of the UK may be more prone to property fraud than others,...

Periodic tenancies could make being a landlord riskier

Author: Property118.com Landlord News Team

6th December 2023, 2 years ago | 9

The Renters’ (Reform) Bill will scrap fixed-term tenancies (ASTs) and introduce periodic ones that could expose landlords’ properties to more...

Renters are happy with location and flexibility, but not landlords or agents

Author: Property118.com Landlord News Team

5th December 2023, 2 years ago | 3

Most renters (76%) are happy with their current rented home, and more than half (54%) live in their preferred area,...

UK rent prices are nearly 9% higher than last year

Author: Property118.com Landlord News Team

4th December 2023, 2 years ago | 1

The average rent in the UK is now at £1,279, down by 0.3% from last month’s figures – but this...

House prices to fall by 1% in 2024

Author: Property118.com Landlord News Team

4th December 2023, 2 years ago | 0

The average new seller’s asking price will fall by 1% nationally by the end of 2024 as the market cools...

Landlords report surge in tenant demand after covid crisis

Author: Property118.com Landlord News Team

1st December 2023, 2 years ago | 1

The covid pandemic has fuelled a record high demand for private rental properties, while the supply of available homes dwindles,...

UK house prices up for third month in a row – Nationwide

Author: Property118.com Landlord News Team

1st December 2023, 2 years ago | 0

UK house prices have increased for the third consecutive month in November, according to Nationwide, the country’s largest building society....

Landlords favour five-year fixed mortgages again

Author: Property118.com Landlord News Team

1st December 2023, 2 years ago | 1

Remortgaging landlords are showing more confidence in five-year fixed rate mortgages than they did earlier this year, a survey has...

Government’s new law to ban leasehold, doesn’t ban leasehold

Author: Property118.com Landlord News Team

1st December 2023, 2 years ago | 3

The housing secretary, Michael Gove, has been accused of breaking his pledge to end the ‘feudal’ leasehold system in England...

More families and older renters downsize as rents soar

Author: Property118.com Landlord News Team

30th November 2023, 2 years ago | 5

The rising cost and scarcity of rental homes have forced thousands of families to downsize and older renters to move...

Private rents in Scotland soar by 14.3% in a year

Author: Property118.com Landlord News Team

29th November 2023, 2 years ago | 16

Despite a rent cap, there has been a sharp increase in average rents across all property sizes in Scotland, with...

UK renters face record-breaking rent rises until 2025

Author: Property118.com Landlord News Team

29th November 2023, 2 years ago | 0

The UK’s private rented sector (PRS) is set to experience unprecedented rent growth in the next few years because the...

UK rents soar by over a third above inflation in a year

Author: Property118.com Landlord News Team

28th November 2023, 2 years ago | 4

UK renters are feeling the pinch as rents rose by more than a third above inflation in the past year,...