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Growing fear of hidden threat to rental sector in Budget small print

By |2018-10-31T10:02:34+00:00October 31st, 2018|Property News|

Rental sector experts are expressing growing fears that the relatively low-key Budget announcements made on Monday could herald something more dramatic for the private rental sector when detailed changes shake through. Of particular concern to some is the measure which means that from April 2020 the Capital Gains Tax ‘exempt period’...

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Labour threat to create private rental register and more licensing

By |2018-10-31T10:02:34+00:00October 31st, 2018|Property News|

Shadow Chancellor John McDonnell has made a clear pledge to tighten regulations surrounding the private rental sector. In an interview with The Guardian newspaper McDonnell says: “Landlord licensing is not fit for purpose and the problem of rogue landlords is extensive. We need an effective scheme, local authorities that are properly...

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Late November date for MPs to debate tenants’ Creditworthiness Bill

By |2018-10-31T10:02:36+00:00October 31st, 2018|Property News|

The second reading of the Creditworthiness Assessment Bill is to take place in the House of Commons on November 23 - just over a year after it was first introduced into the House of Lords. The Bill is proposed by Big Issue founder Lord Bird and has widespread all-party support. It...

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Lettings sector rule changes fail to disrupt Scottish rental stability

By |2018-10-31T10:02:35+00:00October 31st, 2018|Property News|

New figures show that the Scottish rental market returned to growth in September with average growth of 0.1 per cent across the country.  Your Move Scotland found that the average rent in the nation was £572 per calendar month. However, while the overall market grew slightly, this figure masks variations between regions....

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Strong demand for rental homes as standards ‘higher than ever before’

By |2018-10-31T10:02:37+00:00October 31st, 2018|Property News|

Buying a property is cheaper than renting in every area of the UK, a recent study found, and yet a growing number of people are choosing to rent. But why is that?   Research from Santander Mortgages shows that owning a home in this country typically costs £2,268 a year less...

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Uncertainty over Brexit leads to many British expats returning home

By |2018-10-31T10:02:41+00:00October 31st, 2018|Property News|

The number of British expats living in Spain has dropped by 40%, according to Spanish newspaper El Pais. What’s more, between 2012 and 2017, the number of Britons leaving Spain outstripped those who arrived. This exodus is being blamed on the uncertainty caused by Brexit, and worries over what will happen...

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Drop in available rental homes pushes rents to record high

By |2018-10-31T10:02:42+00:00October 31st, 2018|Property News|

Asking rents have reached a record high this quarter following an ongoing trend of fewer property investors purchasing buy-to-let properties, according to Rightmove. The average asking rent of a home outside London surpassed £800 for the first time, up to £802 per month in Q3 2018. Available stock numbers have dropped...

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Accord adds to its buy-to-let range

By |2018-10-31T10:02:38+00:00October 31st, 2018|Property News|

Accord has added to its range of buy-to-let products, including the launch of new cashback options on its two-year fixed rate range, and reduced rates by up to 0.2% on selected three-year deals. The intermediary lender, part of the Yorkshire Building Society, has also launched two new tracker deals that it hopes...

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Soaring number of buy-to-let lenders lending to limited companies

By |2018-10-31T10:02:44+00:00October 31st, 2018|Property News|

The number of buy-to-let lenders lending to limited companies has increased by 47% over the past year, according to Mortgages for Business’ Buy to Let Index. In the last quarter alone, three new lenders have entered the market, meaning 22 buy-to-let lenders are now competing in the same space. This is...

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New buy-to-let affordability calculator launched by Magellan Homeloans

By |2018-10-31T10:02:40+00:00October 31st, 2018|Property News|

A new buy-to-let affordability calculator, which allows brokers to simply input basic borrowing requirements to see the maximum loan available on two-year and five-year fixed and Libor trackers in one view, has been launched by Magellan Homeloans. The calculator shows Magellan’s approach of blending ICRs, reflecting borrowers’ individual tax positions, can...

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