Spiraling Interest Rates, Inflation, and Mortgages Create “Perfect Storm”
In a grim forecast for the property market, industry commentator Jonathan Rolande, representing the National Association of Property Buyers, has issued a stark warning. He predicts that the combination of soaring inflation, skyrocketing mortgages, and spiraling interest rates will lead to a further five percent decline in property prices before the end of the year. […]
Limited Company Buy-to-Let Lending Expected to Rise
In a recent report by Paragon Bank, it has been estimated that approximately 50% of mortgage brokers anticipate a surge in buy-to-let portfolio limited company lending over the next year. As the housing market struggles to stay afloat, Mortgage Introducer reached out to brokers specializing in this area to uncover the reasons behind this trend. […]
Number of Older Renters Expected to Double by 2030
According to leading estate agency Hamptons, the number of older people renting their homes is projected to double by 2030. After observing a steady increase in the total number of older renters in recent years, the agency predicts that this trend will gain significant momentum. While the proportion of older households choosing to rent has […]
Understanding Tenancy Deposit Schemes and Emerging Alternatives
Deposit protection schemes have been a legal requirement for guaranteed shorthold tenancies since April 2007. These schemes offer protection to both landlords and tenants, safeguarding against property damage, repairs, and unfair claims. Over the years, deposit regulations have evolved, with the Tenant Fee Ban in 2019 capping deposits at five week’s rent in most cases […]
Tribunals Allow Landlords to Increase Rents Beyond Requested Amount
Introduction: Renters in England who face rent increases can challenge them at a First-tier Tribunal, seeking to ensure that the proposed amounts are reasonable compared to similar properties in the area. However, an analysis of tribunal cases conducted by i has unveiled a concerning trend. In 27 percent of the 30 cases reviewed during the […]
Rental Market Sees Surge in Guarantor Requests Study Reveals
The rental market in the United Kingdom is witnessing a notable increase in the number of tenants being required to provide a guarantor to secure a rental property, according to new research conducted by Goodlord, a property technology company. The study, which analyzed over 220,000 tenancies taken out between January 2020 and June 2023, uncovered […]