Wrexham Tops Rightmove’s Busiest Rental Market of 2023
Wrexham, Wales, has emerged as the frontrunner in this year’s dynamic rental market landscape, seizing the spotlight as the busiest rental market of 2023 according to Rightmove, a prominent property portal. Reports indicate a remarkable surge in rental demand within the city, with an average of 56 inquiries per available property from prospective tenants this […]
The Property Portal – The Renters Reform Bill Secret Weapon?
In the wake of the English Housing Survey’s unsettling findings regarding hazards in private rented homes, a warning bell tolls for landlords, heralding the potential complications and opportunities presented by the imminent Property Portal. Recent statistics, revealing that 12% of private renters live in homes posing potential health risks, underscore the pressing need for robust […]
20% of Landlords Thinking About Reducing Their Portfolio
A recent survey conducted by The Property Academy has uncovered a noteworthy shift in the intentions of landlords regarding their buy-to-let (BTL) investments. According to the survey, a significant 20 percent of landlords expressed plans to reduce their BTL holdings, marking a substantial increase from the mere 13 percent reported just a year prior. The […]
Optimism Persists Among UK Landlords Despite Policy Concerns
A recent survey conducted by Butterfield Mortgages unveiled a striking 65% optimism rate among private landlords in the UK regarding the future performance of their property investments. This revelation comes against a backdrop of economic and political uncertainty, signalling a resilient outlook within the landlord community. The survey, encompassing insights from 2,000 UK adults, notably […]
Landlords’ Interest-Only Mortgages See a 283% Rise
Landlords utilizing interest-only mortgages face a staggering 283% surge in monthly interest costs compared to 2021, while those adhering to full monthly repayments witness a substantial 71% increase. This concerning trend emerges from a recent analysis conducted by Octane Capital, delving into the evolving landscape of buy-to-let mortgages. The study, scrutinizing the October 2023 rates […]