Landlord limited company adoption revealed
75% of landlords operating in the UK have now used a limited company to invest in at least one of their investment properties, according to poll from GetGround. 49% of these landlords first invested via a limited company within the last 12 months, while 42% of them invested via a limited company for the first […]
Tenants urged to reach out to landlords for help in staying warm this winter
As the UK deals with the coldest week of 2022, new research published by The National Residential Landlords Association reveals that the majority of those living in rented accommodation are reluctant to reach out to their landlords for help in saving energy. Just 22% of tenants have asked their landlords for help in making their […]
Base rate reaches 3.5%: Industry reaction
The Bank of England (BoE) hiked the base rate by 50 basis points to 3.5% this lunchtime but LMS chief executive Nick Chadbourne says “there is still no need for mass panic”. The latest rate increase marks the ninth hike this year and the highest level since the financial crisis 14 years ago. Chadbourne explains: “The rise […]
Christmas message for Michael Gove – stop attacking landlords
Figures from across the private rental sector have written an open letter to Housing Secretary Michael Gove, calling for a halt on government attacks on landlords and the lettings industry. Signatories include Ben Beadle from the National Residential Landlords Association, Theresa Wallace from The Lettings Industry Council and Savills, William Reeve from Goodlord; Gary Wright […]
‘We own five buy-to-lets but will lose £5,000 next year’
Landlords now face losing thousands of pounds a year as their fixed rate mortgages expire and they are pushed on to new rates that are more than double what they are used to. Investors face a bleak choice between making enormous rent rises or selling up as high rates hammer their profit margins and mean buy-to-let properties are failing […]
Majority of sales below asking price in November: Propertymark
Pressure on the sales and lettings market eased last month as 72% of house purchases were agreed below the asking price, while 51% of estate agents report rents falling or staying the same, data from Propertymark shows. House prices fell because competition for homes fell by 36%, from a high of 11 new buyers for […]
Database reveals huge spike in letting fraud
Attempted fraud has risen steeply within the letting sector in recent months, according to CIFAS, the fraud prevention database. Data from the service reveals a 34% increase in identity fraud over the last nine months, with false applications rising 45% during the same period. Previous research conducted by identity verification provider Credas found that rogue […]
Rents in UK jump by highest amount since 2016: ONS
Private rents in the UK grew 4% in the 12 months to November, says the Office for National Statistics (ONS). Excluding London, prices rose even higher – by 4.4%. The overall 4% figure is the biggest change across a year since 2016, which is when the ONS began this data series, it reports. Prices in […]
Property funding retirement? Not easy now – landlords warned
A major survey of 1,500 adults shows that a quarter plan to downsize their home in retirement, with many others suggesting that buy to let would help pay for later life. Helen Morrissey, senior pensions and retirement analyst at Hargreaves Lansdown, warns that landlords and owner occupiers alike should not be seduced by rising property […]
68% of letting agents report rise in number of landlords selling up
New research from Propertymark highlighting the impacts being felt by letting agents and their landlords in the private rented sector in Scotland, suggests that measures introduced under the cost of living legislation n Scotland are driving landlords out of the sector. Feedback from letting agents in Scotland found 85% of agents had landlords who had […]