The volume of buy to let properties being purchased in the UK has dropped slightly in recent months.
This is down to the availability of finance for landlords looking to get into the market, however, those with a more mature portfolio of rental properties have an advantage when it comes to further investment in homes. Read more…
Property owners moving into the rentals market have been encouraged to research their local market before letting a house or apartment.
Alan Ward, chairman of the Residential Landlords’ Association, said that knowledge of the industry is “absolutely fundamental” when moving into the buy to let sector. Read more…
Landlords who leave their properties standing empty for more than two years face a new tax blitz, after the government introduced new proposals.
Under the plans, local authorities have been given the authority to raise an extra £420 million a year in council tax from homes left vacant and second homes only used at weekends. Read more…
New research by Designs on Property has revealed that a number of tenants are now looking for a long-term home, rather than temporary accommodation.
With this in mind landlords have been encouraged to consider very carefully the tenants they would like in their properties. Read more…
The high deposits needed by people looking to get onto the property ladder is leading to many home hunters continuing to rent properties.
According to Martin & Co, a lot of young people are unable to afford to buy a new home and have decided to rent on a long term basis. Read more…
Thousands of landlords in Wales may have to sign up to a register before renting their properties to tenants if a proposal from the Welsh Assembly is passed.
Under the plans, private landlords will have to prove they are a “fit and proper” person to rent out their home or apartment. Read more…
With the current rental market booming the temptation for some landlords is to make a quick profit from high rents, but one expert believes that this is not a good idea.
James Davis, chief executive officer at Upad, said that those renting out a property should not take any notice of the trend of rents increasing. Read more…
