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As Scottish rents edge higher, BTL investors achieve ‘competitive’ returns

By | 2018-04-30T12:07:15+00:00 April 30th, 2018|Property News|

Buy-to-let landlords in Scotland continue to achieve higher returns on their property investments than their counterparts south of the border, the latest Scotland Buy to Let Index from Your Move shows. The average Scottish rental price hit £570 a month in March, which is up 0.2% month-on-month. According to Your Move, landlords...

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Second City AM journalist joins furore over letting agents

By | 2018-04-30T12:07:13+00:00 April 30th, 2018|Property News|

A second journalist at the London-based financial newspaper City AM has launched an attack on letting agencies - while the furore over an article in the paper last week continues to provoke a backlash from outraged agents. The spat began with an article from one of the paper’s features writers, Katherine...

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Windrush update to Right To Rent policy accused of lacking clarity

By | 2018-04-30T12:07:13+00:00 April 30th, 2018|Property News|

New guidance over Right To Rent, issued by the government in what appears to be a panic response to the Windrush controversy, has been dismissed by a trade body as lacking in clarity. The update, posted on the government’s website, is targeted at letting agents and landlords involved in letting property...

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Property law expert joins criticism of Right To Rent’s ‘Windrush failure’

By | 2018-04-30T12:07:14+00:00 April 30th, 2018|Property News|

A leading property disputes solicitor has joined a growing chorus of criticism of how Right To Rent will cope with issues thrown up by the Windrush controversy over Caribbean citizens who are British but lack some or possibly all official paperwork. Robin Stewart - a solicitor in the housing and property...

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Number of houses sold for less than asking price hit record high in March

By | 2018-04-30T12:07:16+00:00 April 30th, 2018|Property News|

It currently looks like a potentially good time for buy-to-let landlords to expand their property portfolios, amid an overall cooling in the housing market. Fresh data from the National Association of Estate Agents (NAEA) shows that 86% of properties sold for less than the asking price – the highest level seen since...

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Fewer lenders for portfolio landlords to choose from

By | 2018-04-30T12:07:17+00:00 April 30th, 2018|Property News|

Almost half of portfolio landlords who had submitted a mortgage application since the introduction of the new rules reported a reduction in the number of lenders available to choose from, according to fresh research. Paragon’s PRS Trends research found that 46% of portfolio landlords found a change of lender choice, which...

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Landlord looks to bridging loan firm to expand portfolio

By | 2018-04-30T12:07:17+00:00 April 30th, 2018|Property News|

With many landlords finding harder to secure a mortgage since the Prudential Regulation Authority’s changes were introduced last year, some buy-to-let investors are turning to alternative finance providers to secure funds. Bridging finance, for instance, known for its speed, offers much faster time to completion than high-street lenders, which is mainly why...

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Renters face rent hikes amid tax changes

By | 2018-04-27T12:06:27+00:00 April 27th, 2018|Property News|

Almost a quarter of tenants experienced rent hikes in March as landlords are left with little alternative but to pass higher tax costs onto tenants by increasing rents. According to ARLA Propertymark’s Private Rented Sector Report for March, 23% of tenants saw their rents increase last month, which is the highest level...

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Rise in demand for buy-to-let mortgages

By | 2018-04-27T12:06:28+00:00 April 27th, 2018|Property News|

There has been a sharp rise in demand for buy-to-let mortgages after a number of two-year fixed deals came to end. A number of landlords obtained mortgages in March 2016, looking to avoid the 3% stamp duty surcharge being introduced for new buy-to-let and second home acquisitions a month later. Many buy-to-let...

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London housing shortage a ‘ticking time bomb’ for businesses

By | 2018-04-27T12:06:30+00:00 April 27th, 2018|Property News|

The growing housing crisis in London is forcing employees to quit their jobs and making it harder for firms to recruit staff, according to a new survey by the Confederation of British Industry (CBI) and CBRE. More than a quarter - 28% - of the 176 leading companies in the capital...

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