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Britain’s biggest property listings website today said investors were piling into buy-to-let for “blindingly good returns” after the government’s efforts to bolster lending had created an “arbitrage of immediate return”. Rightmove said its research showed that rents are delivering average gross yields of “5.9 per cent”. Its monthly house price report stated: “With some remortgage… Continue Reading
Category Archives: News
Green Deal Has a Great First Month
According to figures released by the Department of Energy and Climate Change, more than 1,800 property assessments have been carried out in the first month of the government’s Green Deal scheme. The Green Deal, which was launched in England and Wales on January 28th, is a government scheme that allows homeowners to make improvements that will increase… Continue Reading
Social Landlord Warns Tenants About Subletting
A social landlord has issued a stark warning to tenants who sub-let their properties or obtain their home through deception, telling them that they could be made homeless and given a criminal record. Whitefriars Housing, Coventry’s largest affordable housing provider with 18,000 homes, has teamed up with the city council to catch fraudsters. Pauline White… Continue Reading
BM’s U-turn on BTL Mortgages for Landlords with Tenants on Benefits
Shortly after announcing that many of it’s BTL mortgage products would not allow housing benefit tenants, BM Solutions has now removed these restrictions. The company made the move after The Mortgage Works, Nationwide’s buy-to-let arm, made a u-turn on a similar decision last week. The Mortgage Works said it had decided to exclude buy-to-let tenants in… Continue Reading
People Choose to Rent Rather Than Buy
The mortgage provider Castle Trust has released figures which suggest that there has been a drastic increase in the number of people renting as opposed to taking out a mortgage. In 2012, the number of renters in the private sector reached 3.8 million, which is an increase of 23% on the 3.1 million figure for 2008.… Continue Reading
Top Letting Agents Slammed For Hiding Fees
In February 2013, the consumer group Which? carried out a number of mystery shopping tests on some of the major letting agents in London. Mystery shoppers who posed as potential tenants visited four different London branches of Foxtons, Barnard Marcus, Martin & Co and Your Move. Their findings were that the fees that tenants would… Continue Reading
Green Deal is More to Consider than Just Free Insulation
Recent announcements for the government suggest that they would like to get tougher on landlords who own properties that are rented out which fall into the lowest brackets for energy efficiency. As part of the Green Deal repayments on the government loan for the work are made via the electricity bill. So in effect tenants are… Continue Reading
Letting Agents in London
Here at The Online Letting Agents, we are offer a nationwide letting agency service, so if you are looking to rent your property online, then look no further. We have a number of happy landlords in London and across the UK who have used our services, and swear that The Online Letting Agents are the… Continue Reading
Westminster Councillors Call for Compulsory Register of Landlords
Following the release of statistics showing that 206 of the 1,712 rental properties inspected in the district between 2011 and 2012 had legal notices served, Labour councillors in Westminster have called for a compulsory register of landlords in the area. 771 hazards were removed from homes in the central London borough by council officers during this… Continue Reading
Islington MP Calls for New Legislation in the PRS
A proposed bill for the regulation of the private rental sector was announced to the House of Commons this week. The bill, read by Jeremy Corbyn, MP for Islington, calls for new legislation in the PRS. Mr Corbyn began by saying that private rented accommodation was “very expensive”, and gave the reason for rising prices… Continue Reading