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Global real estate service provider, Savills, has forecast that the total rental income received by private sector landlords could rise to £70 billion in the next 5 years. This shift away from home ownership towards renting creates a need for significant investment, say Savills. Lucian Cook, director of residential research at Savills, said “Rental growth… Continue Reading
Category Archives: News
Financing Your Next BTL Investment
When you are ready to purchase a buy to let property it is critically important that you finance it in the most cost-effective way possible. You also need to get your funds in place as quickly as possible, as you won’t be the only one looking to snap up a bargain investment. To ensure you… Continue Reading
Landlords Struggle to Rehouse ‘Bedroom Tax’ Tenants
The so-called ‘bedroom tax’ is an under-occupation charge for people living in social housing who have a spare room. This ‘bedroom tax’ takes effect April 2013. Tenants will have a choice of paying, on average, an extra £40 per month if they have one spare room, £70 per month if they have two, or move… Continue Reading
How To Deal With Troublesome Tenants
More and more people are struggling to sell their homes and an increasing number of sellers are opting to let their property out as a result. New research from Total Landlord Insurance has revealed that a staggering number of so-called “accidental landlords” are unwittingly opening themselves up to risk. Letyourproperty.tv is a new live and interactive webTV… Continue Reading
New Study Reveals BTL Boom is Set to Continue
New research has shown that the buy to let property boom is set to continue, and even more families will have to rent if the economy does not improve. In 1994, just 7% of the population were renting privately. A study conducted by the Resolution Foundation for housing charity Shelter has suggested that the number… Continue Reading
Why is Landlord Insurance So Important
Tenants are typically viewed to be of higher risk than owner-occupiers, and for this reason regular homeowner insurance policies are often invalid for tenanted homes. Most mortgage lenders will require that you have buildings insurance in place. Landlords building insurance will cover you against a number of eventualities, and is specifically tailored to offer a… Continue Reading
Council To End ALMO Deal 5 Years Early
Following a vote by it’s cabinet, Charnwood Council have decided to transfer the management of its 6,000 homes back to the council from it’s arm’s-length management organisation (ALMO), Charnwood Neighbourhood Housing. CNH was set up in 2007 with a 10-year-contract to manage the council stock. The contract included a break clause in June 2012, which… Continue Reading
Base Rate To Remain at 0.5%
The Bank of England has announced that the base rate will be held at 0.5%, making this it’s 39th consecutive month at the historically low rate. The decision is good news for mortgage holders who have rates linked to the base rate. Savers, however, will continue to suffer, with low returns on their money at… Continue Reading
Government Back Plans To Scrap Rent Subsidy for Higher Earners
The government is introducing measures that will remove the social housing rent subsidy for higher earners. In what is being called a “pay to stay” scheme, the government are backing plans to introduce a new household income threshold, which will see social tenants with a total income above the threshold paying full market rent. It… Continue Reading
Crackdown On Subletting Saves London Council £500k
Following a crackdown on the illegal subletting of council properties, the London Borough of Hillingdon has reclaimed 36 properties from people committing housing tenancy fraud. The 36 properties have been reclaimed following a crackdown which began just over a year ago in April 2011. The properties were reclaimed from tenants who had been illegally sub-letting their… Continue Reading