As the UK Government battles growing criticism on various fronts, watchdogs and industry bodies are sharing their dissatisfaction. A recent report from the National Audit Office (NAO) suggests government regulation of the Private Rental Sector (PRS) makes it unfair towards renters. That's a view that lettings professionals and even some MPs have shared in the past week or so.
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As gas prices continue to climb, many tenants are becoming increasingly concerned about their energy costs. Some argue that, however careful they are about their usage, their ability to keep bills under control is hopelessly compromised in less energy efficient properties – and that landlords should be doing their bit by making upgrades where necessary.
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As we near the end of a whirlwind 2021, many people are considering their plans for the coming year, including potential investment options. If Buy-to-Let (BTL) investment is on your wish list for 2022 - as a new landlord or expanding your existing portfolio - then some recent research might be helpful. An annual BTL city tracker details some key elements property investors look for, giving you a good idea of what kind of price you can expect to pay and also the potential yield you could secure.
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As more new data highlights a pickup in the UK's housing market, a survey suggests that buy-to-let (BTL) mortgage activity is set to gain ground in 2020, with more property investors looking to expand their portfolios. Remortgaging activity is also expected to remain robust, however it appears this renewed appetite to purchase more BTL homes is driving overall positive expectations.
Amid fears that more Buy-To-Let (BTL) landlords are considering leaving the Private Rental Sector (PRS) in 2020, comes a new report highlighting a growing interest in investing in Homes of Multiple Occupation (HMOs). The higher potential yields that are typically available from HMO investments suggests that even if some landlords do exit the PRS, there is still the potential for a good Return on Income from the property investment and BTL industry to encourage others to enter the market or expand their portfolios.
New research has some good news for the UK's army of tenants, as the cost of renting calculated as a proportion of average incomes has fallen between 2019 and 2016. Given that rents have actually been on the rise during much of that period, the findings of the research from the Deposit Protection Service, (DPS) might come as a bit of a surprise.
City councillors in Brighton are reported as saying that Airbnb landlords should pay business rates in England. Meanwhile, in Scotland, local councils look set to be given powers to add controls to better manage the provision of short-term lets. However, there are concerns that this action could result in short-term let landlords selling their properties.
Mortgage approvals surged in the last month of 2019 and analysis from the Intermediary Mortgage Lenders Association (IMLA) suggests the market is set to expand in 2020 and 2021. With this in mind, a growing number of property industry participants and experts are pointing at adding mortgage support/broker arms to estate agents, as the next way to grow business in the sector. And, it looks like a number of estate agencies are already moving towards doing just that.
As the UK's property tech industry continues to grow, new concepts and ideas that are sometimes already at play in other industries, can take shape. For the estate agency industry, Coadjute wants to introduce a completely, end-to-end digital system for the home buying and selling process in the UK.
A big thank you from us to all tenants past and present for their kind words about RentGuarantor.com!”
The process was so quick and easy and even when I did find the technical things difficult there was always someone on hand to guide me through, step by step. Would definitely recommend using rent guarantor and I will no doubt do it again in the future
A bit taxing at first but got there in the end helped all through the process came out on top in the end Thanks
Love the service very quick in less than 24 hours I was approved thanks for your hard work.
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Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsed in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.
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