Interest rates increased to 0.25%: How will it impact your mortgage?
Interest rates have been increased by 0.15% to 0.25% meaning borrowers on variable mortgages may soon see the cost of their repayments rise. The Bank of England (BoE) announced this morning it was increasing its Base Rate from the low of 0.1% which it set at the beginning of the pandemic to help with the […]
Landlords look to expand portfolios in 2022
A third of landlords are looking to expand their portfolios in the next year, as rising house prices and improved rental yields lead to higher levels of confidence in the market. Research by Shawbrook Bank found that 34 per cent of landlords said they were planning to buy at least one property within the next […]
Another strong market in 2022 says latest forecast
Demand will continue to outpace supply well into next year. That’s the view of the Reallymoving House Price Forecast, based on an analysis of over 18,000 conveyancing quote forms. The service expects annual house price growth of 2.3 per cent in January as another strong year begins. Click on this link to read the rest […]
Landlords to pay £10,000 for green homes ‘misguided’: NRLA
Government proposals to force landlords to pay up to £10,000 to improve the energy efficiency of rental properties are “misguided”, says the National Residential Landlords Association. All new tenancies in the private rented sector should be in houses with an energy performance certificate rating of C or better by 2025, according to a consultation paper […]
More landlords falling foul of Covid deadlines on possessions
A law practice claims to have seen increasing numbers of landlords falling foul of revised possession deadlines. Newport-based Bellavia & Associates says the law in relation to the possession of residential property is not straightforward in ordinary times, and it has become a veritable minefield since the Covid-19 pandemic began. Click on this link to […]