Buy To Let “virtually pointless” for many landlords – claim
A property industry trade body chief says buy to let is “virtually pointless” for landlords with substantial mortgages who seek income from rent. The situation is worsening because of proposed energy efficiency changes, says the National Association of Property Buyers. “The proposed upgrade to EPC legislation is the latest in a long line of disadvantages […]
Majority of landlords don’t intend to sell any properties
Seven out of 10 buy-to-let landlords do not intend to sell any of their properties in the next 12 months, latest data from the Landbay quarterly survey has revealed. The strongest sentiment came from those with smaller portfolios of between one and three (78%) and four and 10 properties (76%). However, 69% of landlords with […]
Government chases landlords as overseas owners escape or ignore law
Landlords who feel recent laws have singled them out may be interested to know that one group of property owners appears to have avoided significant regulation. An investigation by the BBC and a group called Transparency International shows that owners of around 50,000 UK properties held by foreign companies remain hidden from public view, despite […]
Sellers are slashing asking prices by up to 20% – claim
Vendors are cutting asking prices by as much as 20% on average to secure a sale, new research claims. Quick-buy firm House Buyer Bureau analysed the latest statistics on asking price reductions across the market in Britain using figures from PropertyData. Its research found that sellers in Scotland are currently adjusting their asking price expectations […]
Campaign launched to allow pets to be kept by private tenants
One of the most controversial subjects affecting letting agents, tenants and landlords alike is back on the agenda. Two of the UK’s highest profile animal welfare organisations want the government to introduce better protection for responsible tenants with pets. Dogs Trust says it is receiving a record number of enquiries from people being forced to rehome […]
Sunak appoints expected replacement for housing minister – sixth in a year!
Prime Minister Rishi Sunak has made Rachel Maclean a junior minister in place of Lucy Frazer, who covered housing strategy. Frazer was responsible for policy on home ownership, buying and selling, with colleague Felicity Buchan, who has not moved in the PM’s reshuffle, in charge of PRS and the Renters Reform Bill. She was the 14th housing […]
The rise and fall of mortgage rates
Could stability be returning to a previously unsettled mortgage market? In late January, Octane Capital revealed that average monthly mortgage repayments had fallen by 14% since the announcement of the September mini-Budget. Prior to former chancellor Kwasi Kwarteng’s fiscal statement last year, a typical two-year fixed-rate mortgage, at 75% loan-to-value (LTV) with a 25% deposit […]
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‘First-time buyers have arguably never had it tougher’
First-time buyers are facing house prices that have climbed faster than the wider market in eight areas, new research reveals. The findings from part-own-part-rent provider Wayhome show how difficult it has become in some places for people to get onto the housing ladder. In East Suffolk, the average cost of a first home has increased by 36.8% […]
Is it 2008 again? Here’s how far house prices will fall
House prices are falling at exactly the same rate as they did during the financial crisis, new figures have shown. The numbers, provided by The Telegraph’s new house price tracker, raise the question of whether falls will continue on the same trajectory, falling by as much as 20pc as in 2008, or whether recent drops will […]