UK tenants rent a property for almost 2 years on average
Interesting new research has revealed the average length of private sector rental tenancies across Britain now stand at nearly two years. The investigation from Your Move shows that tenants are staying for longest in London and for the shortest time in the South West of England. Tenancy Agreement In...
A Guide to the PRA’s Portfolio Landlord Underwriting Changes
Back in January 2017, the Bank of England’s Prudential Regulation Authority (PRA) introduced the first phase of its changes to buy-to-let mortgage lending. Now, the industry is preparing for phase two. The first phase included stricter affordability tests, including a stress test on interest rate rises, for buy-to-let landlords....
What are the top deterrents for would-be property thieves?
An interesting new study has revealed the top-ten deterrents for would-be home thieves, as suggested by ex-cons. The study, conducted by a panel of ex-convicts, revealed that 89% of ex-cons would be put-off from targeting a home that is smart connected. 67% said that they would be deterred from...
Is Seaside Hotel Investment the New Buy-to-Let?
With the UK enjoying record visitor numbers last year, the seaside hotel investment sector could be the new buy-to-let… Visit Britain reported 37.6m visitors over the course of 2016 – up by 4.14% on 2015. Meanwhile, travel marketing firm Sojern has recorded a 23.8% rise in the number of...
Landlords are Confident in the Buy-to-Let Market, New Survey Shows
Despite some recent negative feelings towards buy-to-let, the majority of landlords are confident in the sector, believing it is a promising investment opportunity, according to the findings of a survey of 500 UK landlords by property investment consultancy Knight Knox. 59% of landlords are still confident in letting property...
Buy-to-let mortgage costs and rates are falling
Interesting new data from Mortgage Brain has revealed that many mainstream buy-to-let mortgage products saw more rate and cost reductions during the last three months. The findings reveal that the cost of a two-year fixed rate buy-to-let purchase product between 60% and 70% is now 4% lower than it...
Credit Scores Should Include Rent Payments, Landlords Insist
Rent payments should be included by credit rating agencies when calculating credit scores to support tenants wanting to buy a home of their own, landlords have insisted. This is the call being made following the Residential Landlords Association’s (RLA) latest survey of almost 3,000 landlords, which found that 61%...
UK housing market remaining stagnant
The UK housing market remained flat in the last month, with the national asking price increasing by just 0.1% month-on-month. As ever, the data from Home.co.uk reveals regional variation. Property Price Growth House price values are still 3.3% greater than one year ago, led by growth in the East...
Horrific Story Reveals how much Damage Tenants can Cause
We’re all used to hearing stories about rogue landlords, but a recent article in the Liverpool Echo reveals how much damage tenants can cause to a landlord’s property and lettings business. Landlord Steve Parry, 55, who is also a surveyor, has released shocking images of his rental property in...
There’s Still Time to Help us Win Best Landlord Insurance Provider
We would like to offer our gratitude to all of those that have voted us Best Landlord Insurance Provider in the Insurance Choice Awards 2017. In addition, we’re also reminding all of our landlords, letting agents and property professionals that there’s still time to vote us Best Landlord Insurance...