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On March 20 2020, the Homes (Fitness for Human Habitation) Act 2018 comes into force across all secured and assured shorthold tenancies in the UK. Following this update, an online student magazine is encouraging its readers to go 'lawsuit crazy' and sue their landlords if the home they rent isn't kept to a good standard.
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As a property investor and Buy-to-Let (BTL) landlord, its often difficult to know where the next potential hotspot for your next investment is. Luckily, there's some new research identifying areas where investors are likely to make their next purchase and it looks as though the midlands and north of England are looking pretty popular. Meanwhile, investments are still likely in London and the south, but at a slower rate than the more affordable northern regions.
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While its common to read and hear about how expensive renting is in the UK and that its set to get more expensive in the future, it's less usual to hear that rental costs rises aren't as high as they could be. However, recent research has highlighted that even though rental costs have risen, the increase in rental deposits is much lower than price rises of other costs faced by many Britons.
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As the new tax year will soon be here, property investors have some tax rule changes to contend with. There are three that are set to come in and one of them in particular could catch out many property investors, particularly those who are selling up and exiting the industry.
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The current tax system is beginning to prove more supportive of investors of short-term lets rather than long-term lets, according to property body the Residential Landlords Association (RLA). Recent analysis by The Guardian also highlights that in some areas of England, some 25% of property listings are for short-term lets, suggesting even fewer homes could soon be available for long-term tenants.
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Recent research suggests that if you're a Buy-to-Let (BTL) property investor, then a good place to start your investment journey, is with two-bedroomed properties. Why? Because they provide the optimum rental yield versus investment. Of course, that's not true of every area across the UK, but on average, two-bedroomed properties can deliver the best rental yield for many landlords.
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