Buy-to-let to provide pension for nearly half of landlords
Nearly half of landlords have entered buy-to-let as a way of saving for their retirement, a survey has revealed. So-called Pension Pot landlords, who are aged over 45 and view their portfolio of properties as a long-term retirement investment, account for four in ten property owners in the sector according to Your Move. And a […]
Penalising landlords does not push up rents, new study says
Making life more difficult for landlords more does not tend to hurt renters, new research has found. Lobby groups have warned in recent years that increases in stamp duty designed to penalise buy-to-let landlords and other fiscal obstacles thrown in their way risk pushing up rents. But the Generation Rent pressure group has found no […]
House prices see their smallest September gain in eight years as buy to let activity dwindles
The average asking price for houses in the UK rose by just 1% this month, according to the latest figures from Rightmove – the smallest rate of increase for the time of year since 2010. The modest 1% rise takes the average asking price for a property in the UK to £307,245, up from £304,061 […]
Landlords warn Universal Credit driving tenants into rent arrears
Almost two-thirds of private landlords with tenants receiving Universal Credit have experienced them going into rent arrears, a landlord association has revealed. A survey of 2,200 landlords published by the Residential Landlord Association (RLA) has found that 61% of landlords with tenants on UC have experienced them going into rent arrears. This is a 27% […]
Landlord buy-to-let purchases ‘fall by £5.2bn in three years’
The value of property purchases by landlords taking place over a six-month period has fallen by £5.2 billion in just three years, a report has found. In the first half of 2018, landlords spent £12.1 billion on new buy-to-let purchases, £5.2 billion or nearly a third (30%) less than in the first half of 2015 […]
Are you a ‘pension pot’ landlord or an ‘accidental’ landlord? Nearly half of buy to let owners use property to fund retirement
Nearly half of buy to let (BTL) homeowners are ‘pension pot landlords’ according to estate agent Your Move. A pension pot landlord, says the firm, is a buy to let homeowner over the age of 45 principally using their property portfolio as a store of wealth for their retirement. Four in 10 (41%) BTL property […]
Buy-to-let yields rise as landlords increase rents
The returns made by buy-to-let landlords rose across the UK as investors increase rates to counter tax relief cuts, new figures show. A raft of tax changes and the impending tenant fees ban is creating a perfect storm of financial pressures on landlords, leaving many with little alternative but to increase tenants’ rents to cover […]
Future elections expected to be influenced powerfully by private renters
Recent changes in legislation, as part of government policy to encourage first-time buyers and owner-occupier purchases, have led to a tax assault on private landlords, which some people, including many landlords, believe is primarily a cheap political tactic to win over the renter vote. Think tank Onward, run by Will Tanner, a former deputy head […]
Rightmove is warned it could be referred to Competition and Markets Authority over fees hike
Rightmove is set to face a possible legal challenge into its hiking of fees. Ian Wilson, CEO of The Property Franchise Group – one of Rightmove’s biggest customers – is instructing its lawyers Cubism Law to refer Rightmove to the Competition and Markets Authority for alleged abuse of a dominant market position. The decision follows […]
One third of landlords deterred by compulsory three-year tenancies
Almost one third of landlords say they would be less likely to purchase new rental property if compulsory or default three-year tenancies were introduced, according to a study by Paragon. In its PRS Trends research, the bank surveyed 200 landlords following the government’s recent consultation, ‘Overcoming the barriers to longer tenancies in the PRS’. When […]