A survey of 1,000 landlords found that the most desirable tenant is a female medical professional, aged between 36 and 45, living in London and earning between £20,000 and £30,000 a year.
Halifax Landlord Insurance found that more than 75% of landlords would prefer a female tenant as they viewed them to be more reliable and less likely to cause damage to their property. Nearly 25% of landlords said they would prefer tenants from London and almost a third favoured tenants with an income of between £20,000 and £30,000 instead of tenants with an income of more than £70,000. Read more…
Buy-to-let finance may finally be improving with reduced requirements for deposits and interest rates being charged at a more manageable level being implemented after 18 months of limited finance.
Fee free broker, London & Country, was one of the first lenders to introduce a three-year fixed rate of 6.49% with loans of up to 80% of the properties’ value. Up until this week buy-to-let investors and landlords were required to have a deposit of at least 30%. Read more…
The latest housing survey by Hometrack reported property values increased by an average of 0.3% in February since January and by 0.4% over the last 12 months. This represents the first annual increase since March 2008.
The highest increase in house prices was in London where average property values rose by 0.7% in February, which hasn’t been experienced in London since June 2007. Read more…
