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“We’ve saved tenants £3m since scrapping deposits” claims BTR company

By | 2018-05-31T10:02:48+00:00 May 31st, 2018|Property News|

A Build To Rent company that scrapped deposits for tenants a year ago says it has saved renters almost £3m in that period.  Get Living says that in the past 12 months new residents who passed referencing no longer paid six weeks’ rent at the beginning of their tenancy. The firm...

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Fees Ban – landlords to be hit most, Scottish experience suggests

By | 2018-05-31T10:02:49+00:00 May 31st, 2018|Property News|

A major Scottish property management firm says agents and landlords south of the border should prepare now for the likely agency fees ban - and it says experience in its own patch suggests landlords will absorb most of the fees loss. D J Alexander is one of the largest family-run property...

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Sharp rise in buy to let remortgaging according to top lender

By | 2018-05-31T10:02:50+00:00 May 31st, 2018|Property News|

There’s been a big rise in the proportion of landlords remortgaging according to one of the sector’s most prominent lenders, Paragon. In a survey of 201 mortgage intermediaries, it’s reported that 52 per cent of buy to let mortgage cases in the first quarter of 2018 were for buy to let...

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Chinese backing London buy to let “despite Brexit” claims house builder

By | 2018-05-31T10:02:50+00:00 May 31st, 2018|Property News|

Telford Homes says some of its massive 35 per cent growth in pre-tax profits over the past year is down to an influx of Chinese investors into the UK capital.  Telford has reported to its shareholders that for the year ending March 30, its pre-tax profit was £46.0m compared to the...

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Landlords advised to prepare for letting fees ban

By | 2018-05-31T10:02:52+00:00 May 31st, 2018|Property News|

Buy-to-let landlords are being urged to prepare for the introduction of the letting fees ban, which will make it illegal to charge tenants for things like references or inventories. The Tenant Fees Bill, which will also introduce limits on how much deposit landlords can take, as well as a series of...

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Top tips for success in the ever changing BTL property market

By | 2018-05-31T10:02:52+00:00 May 31st, 2018|Property News|

The UK buy-to-let property market has witnessed some extensive changes over the last couple of years, making the market much more difficult to navigate than ever before, and even forcing some landlords to question their whole approach. Despite this, the UK buy-to-let property market is still a fantastic place to...

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Significant increase in BTL remortgaging activity

By | 2018-05-31T10:02:54+00:00 May 31st, 2018|Property News|

There was a sharp rise in remortgaging activity during the first three months of 2018 as buy-to-let landlords lock in lower interest rates. Paragon’s latest Financial Adviser Confidence Tracking index shows that the number of landlords remortgaging is approaching record levels. The index, based on interviews with 201 mortgage intermediaries, reveals that...

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TMW launches new 50% LTV BTL products

By | 2018-05-31T10:02:53+00:00 May 31st, 2018|Property News|

A new range of 50% loan-to-value (LTV) two-year fixed rate buy-to-let mortgage deals are being launched by The Mortgage Works (TMW). Rates for the new 50% LTV two-year fixed rate products start at 1.49% with a £1995 fee, and 1.59% with a 1% fee. Some products are also offered with free standard...

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RLA inundated with calls from landlords asking for GDPR guidance

By | 2018-05-30T10:04:16+00:00 May 30th, 2018|Property News|

The Residential Landlords Association (RLA) is receiving an unprecedented number of calls from private landlords seeking last-minute advice on how to comply with the General Data Protection Regulation (GDPR), it has emerged, many of which are queries around what data can and can’t be stored. GDPR, which was introduced last week,...

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Government responds to petition demanding tax changes for landlords

By | 2018-05-30T10:04:17+00:00 May 30th, 2018|Property News|

The government has responded to a petition calling on the reintroduction of full mortgage interest relief and the scrapping of the 3% stamp duty surcharge which is having an adverse impact on the private rented sector. The buy-to-let petition, which has attracted more than 14,000 signatures, makes reference to the alarming...

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