fbpx
You are here... :Home/2020/June

Government slammed by law expert over electrical checks chaos

By |2020-06-30T10:03:21+00:00June 30th, 2020|Company News|

Confusion over Electrical Inspection Condition Reports, created by inaccurate statements from the government, has been slammed by a housing law expert.  Last week many agents and landlords were led to believe, mistakenly, that they did not need to concern themselves with tenancies that started between June 1 and July 1.  Government guidance...

Comments Off on Government slammed by law expert over electrical checks chaos

Eviction ban threat provokes new campaign by industry big hitters

By |2020-06-30T10:03:24+00:00June 30th, 2020|Company News|

Agents and landlords are urged to lobby MPs to highlight the threat of the current eviction ban and to urge no further renewal of the measure. The National Residential Landlords Association and Landlord Action are joining forces for the campaign.  Landlord Action alone has approximately 500 live pre-COVID cases stuck in the...

Comments Off on Eviction ban threat provokes new campaign by industry big hitters

Buy to let taking the brunt of the Coronavirus impact, say agents

By |2020-06-30T10:03:30+00:00June 30th, 2020|Company News|

The latest market snapshot produced by agent data suggests that rent increases have hit a new low as the Coronavirus impacts on the private rental sector.  ARLA Propertymark’s latest survey - for May - shows that many landlords chose not to increase rents in an effort to recognise the financial difficulties facing...

Comments Off on Buy to let taking the brunt of the Coronavirus impact, say agents

Rent Repayment Orders – council reveals action against landlords

By |2020-06-30T10:03:28+00:00June 30th, 2020|Company News|

The council at the centre of one of the planning controversies involving Housing Secretary Robert Jenrick has issued a warning to the buy to let sector. Tower Hamlets council - which recently won its case to have Jenrick’s planning ruling about a huge £2 billion luxury homes development declared illegal -...

Comments Off on Rent Repayment Orders – council reveals action against landlords

Buy to let portfolios set to expand according to mortgage expert

By |2020-06-30T10:03:26+00:00June 30th, 2020|Company News|

Landlords who are remortgaging are currently doing so primarily to build a war chest. That’s the view of mortgage brokerage Mortgages for Business, which says some 30 per cent of property investors are now taking out a buy to let remortgage with a view to expanding their portfolio and growing their...

Comments Off on Buy to let portfolios set to expand according to mortgage expert

BTL landlords are remortgaging in order to build a war chest

By |2020-06-30T10:03:34+00:00June 30th, 2020|Company News|

Buy-to-let landlords remortgaging are currently doing so with a view to adding to their buy-to-let portfolios, according to Mortgage for Business. The buy-to-let broker says 30% of property investors are now taking out a BTL remortgage with a view to expanding their portfolio and growing their cash reserves. The research also indicates...

Comments Off on BTL landlords are remortgaging in order to build a war chest

Slump in mortgage approvals will inevitably see people ‘renting for longer’

By |2020-06-30T10:03:36+00:00June 30th, 2020|Company News|

Mortgage approvals plummeted to an all-time low in May, leaving many would-be buyers with no alternative but to rent for longer.  The latest Bank of England data shows that the number of mortgage approvals in May fell far short of expectations, with only 9,300 approvals, as the Covid-19 pandemic pushed the...

Comments Off on Slump in mortgage approvals will inevitably see people ‘renting for longer’

Demand from landlords has increased ‘sharply in the last month’

By |2020-06-30T10:03:43+00:00June 30th, 2020|Company News|

There has been a significant increase in demand for buy-to-let properties in recent weeks, according to Landbay.  It would appear, based on recent mortgage lending data, that many buy-to-let landlords have acknowledged the fact that in a weaker economy, people tend not to buy homes and rental demand increases relatively. The next...

Comments Off on Demand from landlords has increased ‘sharply in the last month’

Free virtual event aims to clarify new regulations

By |2020-06-30T10:03:41+00:00June 30th, 2020|Company News|

New rules and how the Electrical Inspection Condition Reports (EICRs) requirements for rented homes in England are changing have sparked debate and confusion in the PRS.  Many landlords and letting agents were led to believe, mistakenly, that they did not need to concern themselves with tenancies that started between 1 June...

Comments Off on Free virtual event aims to clarify new regulations

Swansea BS lowers rates on buy-to-let and holiday let mortgages

By |2020-06-30T10:03:39+00:00June 30th, 2020|Company News|

Swansea Building Society has cut rates across its buy-to-let and holiday let mortgage ranges.  Products now start from 4.25% to 3.55% variable up to 60% loan-to-value (LTV) and from 4.75% to 3.95% variable up to 70% LTV. In addition, the Society has changed the calculation used to stress test the mortgage payment...

Comments Off on Swansea BS lowers rates on buy-to-let and holiday let mortgages
Load More Posts