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It’s ‘not all doom and gloom’ for the BTL sector, but where are the yield hotspots?

By |2018-11-13T10:02:37+00:00November 13th, 2018|Property News|

Buy-to-let landlords who have adopted a high yielding investment strategy may be interested in new analysis of the BTL market that reveals where the best investment opportunities currently are. The research, undertaken by Shawbrook Bank, has identified the North West and Scotland as the top UK hotspots to invest for yield at...

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Top 10 buy-to-let hotspots

By |2018-11-13T10:02:38+00:00November 13th, 2018|Property News|

Colchester has been identified as the number one place to currently invest for buy-to-let, based on rental yields. The LendInvest BTL Index regularly ranks 105 postcode areas around England and Wales based on a combination of four critical metrics: capital value growth, transaction volumes, rental yield and rental price growth, and...

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Landlord could have license revoked after tenant disputes legality of eviction

By |2018-11-13T10:02:40+00:00November 13th, 2018|Property News|

A buy-to-let landlord in Edinburgh, who faces losing his license after evicting a young family, is appealing to his other tenants for help to avoid being blacklisted by the council. David Love, who owns a portfolio of 15 buy-to-let properties in and around Edinburgh, hit the headlines earlier this year after...

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£2m cash boost for firm calling itself “a premium online lettings agency”

By |2018-11-13T10:02:33+00:00November 13th, 2018|Property News|

The online agency Home Made, which says it’s London’s only premium online platform for the rental sector, has raised a further £2 million in funding.  The digital publication TechCrunch says much of the new funding comes from Athens-based venture capital firm VentureFriends, and follows the Home Made’s startup funding of £850,000...

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Landlord left with more than £4,000 rent arrears by unscrupulous tenant

By |2018-11-13T10:02:39+00:00November 13th, 2018|Property News|

A buy-to-let landlord has been left with a major clean-up bill after a tenant from hell trashed his rented home in Malvern, Worcestershire, leaving it in a terrible state, before disappearing owing more than £4,000 in rent. Neil Cooper, 54, was forced to issue his tenant with notice to vacate a...

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Government creates housing court and wins support from trade body

By |2018-11-13T10:02:34+00:00November 13th, 2018|Property News|

The government has held by its manifesto promise from the 2017 General Election and announced that it’s going to create a housing court. Exact details are likely to be revealed later today, and will be the subject of a consultation - again, details are to be announced by the Ministry of...

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Warning – buy to let mortgages likely to become more expensive

By |2018-11-13T10:02:36+00:00November 13th, 2018|Property News|

The chief executive of a specialist buy to let mortgage broker is warning that mortgages for landlords are likely to become more expensive in the near term. Andrew Turner, the head of Commercial Trust Limited, says that despite two Bank of England base rate rises in the past 12 months, there...

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Growing number of people looking to rent in retirement

By |2018-11-13T10:02:39+00:00November 13th, 2018|Property News|

Private renting has more than doubled over the past 20 years, and young people are by far the most likely age group to be renting. During the same period, home ownership among young adults has dropped dramatically, with many people fearing that they will never able to afford to buy their...

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Supply plummets in prime central London as landlords ‘forced’ to sell up

By |2018-11-13T10:02:35+00:00November 13th, 2018|Property News|

The number of lettings listings in prime central London fell 18 per cent in the year to September, says Knight Frank. The agency has used Rightmove data for its analysis. It says this downward trend has been prompted by landlords seeking to sell their properties in response to tax changes Meanwhile the number...

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Rents have fallen in real terms over the last 10 years says Countrywide

By |2018-11-12T10:02:58+00:00November 12th, 2018|Property News|

So-called ‘real rents’ - those adjusted for inflation - have fallen by 2.2 per cent since October 2008.   This means that the average cost of living has far outstripped average rents. The claim comes from Countrywide’s high end brand Hamptons International, which monitors the rental market.  In the last 10 years the consumer...

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