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Paragon has launched a range of buy-to-let mortgage products in an attempt to target more smaller portfolio landlords. The lender has launched a total of 18 products which target professional landlords, re-pricing six of its fixed rate deals and launching 12 variable mortgages. It’s sister brand, Mortgage Trust, will also offer two new trackers and… Continue Reading
Category Archives: News
The Benefits of Using an Online Letting Agent
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Birmingham Council Accused of Conspiring to Allow the Move of an Anti-Social Tenant
Labour MP, Roger Godsiff, has accused Birmingham housing officers of conspiring to allow the move of an anti-social tenant from one of its properties to a housing association. The MP for for Birmingham, Hall Green, raised the case of one of his constituents who has been affected by the move in the House of Commons yesterday.… Continue Reading
5 Property Enquiries a Minute via Gumtree
According to the classified advertising website, Gumtree, the volume of London property rental ads on its site has risen by over one third in the last year. Gumtree also reports that half of all responses to rental property ads in the UK (placed via their website) are for London properties. Of the 2.9m replies to rental… Continue Reading
Accidental Landlords on the Rise
According to the National Landlords Association (NLA), the number of so called “accidental landlords” is on the rise. Research by the associations has shown that 43% of its members did not buy the first property they let out with the intention of becoming a landlord. according to Auction Finance Limited, there are five reasons for… Continue Reading
NLA Urges Landlords to use Green Deal
The National Landlords Association has urged landlords to use the green deal scheme to cut energy bills. This comes after the announcement of the latest price rises from energy companies. British Gas have raised their prices by an average of 6%, and Npower have announced average rises of 8.8% for gas and 9.1% for electricity… Continue Reading
Social Landlord in Financial Difficulty
Yet another social landlord has had to ask for help after getting into trouble with it’s loans. Cosmopolitan Housing Group, who are the largest social landlord to get in to difficulties so far, own nearly 14,000 properties in the north-west of England. With over £110 million of government funding, sources have revealed that it may… Continue Reading
RLA Criticise Shelter’s Campaign
Britain’s biggest energy supplier, British Gas, and the housing charity Shelter have announced a five-year partnership aimed at improving standards in the private rented sector. The campaign, called Better Homes for Britain, will commission what it calls the widest-ever census of private rental living. Figures cited by the campaign include statistics from the Government’s English Housing… Continue Reading
New Bank Offers Great Deal to Buy To Let Landlords
Launched just a year ago, Shawbrook Bank, is offering buy-to-let landlords a range of short-term loans. These include a loan for investors looking to buy, refurbish or release equity from the after-works value of a property, and short-term loans for acquisition, such as at auction. The bank also offers a short-term loan for light refurbishment.… Continue Reading
Norwich Landlord Ordered to pay £53,500
A Norwich landlord has been ordered to pay £53,500 after being prosecuted by Norwich City Council for putting his tenants at risk. Joseph Howman from Grosvenor Road in Norwich pleaded guilty to nine offences and was deemed not to meet the standards required of a landlord. Norwich Magistrates Court heard how Howman’s house on Unthank… Continue Reading