Brighton has retained its crown as the most profitable place to be a landlord for the second year running, new findings have claimed. Taking into account rental fees charged to tenants and landlord costs, buy-to-let investors in the seaside resort can make a monthly profit of around £570, insurance group CIA Landlord suggests. At the … Read more
Staycations are set to be a popular holiday option once again this summer, as foreign travel still looks uncertain despite the vaccine roll-out. While going abroad seems ever more unlikely, holidaymakers are increasingly confident about being able to a UK break. Sykes Holiday Cottages, which lets properties on behalf of their owners, reported an 188 … Read more
Rental costs in pockets of some cities across Britain have fallen drastically in the last 12 months, two separate reports show. Rents in Birmingham, Edinburgh and London fell between 5 and 8 per cent in the last year, data from SpareRoom shows – and in one capital postcode, they have plummeted 26 per cent. Meanwhile, … Read more
More choice for landlords as number of buy-to-let mortgage deals on offer increases – but rates are also nudging higher There are nearly 2,000 buy-to-let mortgages on the market right now Although more than last month, this is still far fewer than before the pandemic Lenders are bringing back 20 per cent deposit products for … Read more
A record number of buy-to-let landlords set up holding companies for their properties last year, in a bid to swerve higher taxes. There were 41,700 new companies were formed in 2020 – an increase of 23 per cent on 2019, according to estate agent Hampton International. Buy-to-let incorporations were the second most common type of … Read more
Around 840,000 private renters in England and Wales have built up rent arrears since lockdown measures began, according to new research. A survey of tenants for the National Residential Landlords Association, carried out by research consultancy, Dynata, suggested that seven per cent of all private renters had built arrears due to Covid. Whilst the average … Read more
London renters are leaving the capital for countryside locations, expert warns, as others say the city will remain popular post-pandemic New research by SpareRoom shows 27% of London’s renters plan to move post-Covid-19 Half of those planning to move intend to leave the capital altogether London is expected to experience a 13% net exodus in … Read more
Landlords have seen the number of buy-to-let mortgages slide by almost a third over the past year and rates on offer rise, data shows. The buy-to-let mortgage crunch has seen 800 of the 2,592 deals for landlords on offer in November 2019 vanish, a drop of 31 per cent, according to data from Moneyfacts. Meanwhile, … Read more
Manchester has been ranked as the UK’s number one city for landlords to invest in, according to Aldermore’s 2020 buy-to-let city tracker. The tracker, which includes a total of 50 cities, ranks each location after analysing five key indicators impacting desirability for a buy-to-let investor. The indicators include the average rent, the best short-term returns … Read more
For many years the Government has indicated it would like to see the UK’s private rented sector ‘professionalised’. That meant more, large scale landlords funded by pension scheme money and companies with a long-term view providing consistent service to tenants, and fewer private landlords with just one or two properties in their ownership. The reduction … Read more