Buy to let finance has exploded in recent years, with a large number of high street lenders waking up to the fact that the private rental industry is booming. Consequently the number of buy to let mortgage products has increased considerably in the last five years.
Budget proposals to limit tax breaks for landlords has not gone down well with landlords and property investors. Many are up in arms about the planned changes and as you might expect, some are ready to fight back.
According to the National Landlords Association (NLA), 47 per cent of landlords will be affected by the government’s removal of the annual wear and tear allowance. They are welcoming the changes as they say the new system will be fairer to landlords, but they are warning that some new landlords could be disadvantaged if they […]
The government has announced new measures that give landlords the right to evict illegal tenants without the need for a court order. This follows on from previous announcements that landlords will be expected to check tenants’ immigration status before agreeing a lease; landlords who repeatedly fail to check their tenants’ status could end facing fines […]
It’s not easy getting on to the housing ladder these days. Unless you have a large deposit and a decent income, most lenders will not give you a mortgage. As a result, Generation Rent has largely been priced out of the property market in many areas of the country, particularly London.
Many local authorities struggle with the problem of rogue landlords, but Cambridge City Council is no longer willing to turn a blind eye. A Level Playing Field Councillors responsible for housing in the city are determined to crack down on rogue landlords.
Some landlords will be familiar with the scenario of a filthy property at check-out and while the majority of tenants do look after their rental home, there are some who never lift a finger to clean the whole time they are in residence.
A landlord survey carried out by the website Rentify has revealed that more than half of landlords polled say they intend on raising rents to help cover their costs in the wake of George Osborne’s reduced tax breaks for private rental properties.
The budget delivered many surprises, but the biggest for landlords was the restriction of mortgage interest rate relief and the removal of the wear and tear allowance for anything other than provable expenditure.
With his distinctive blonde hair, Boris Johnson, mayor of London, is instantly recognisable on the streets of the capital. Unfortunately for him, his flagship scheme, the London Rental Standard, has failed to grab public attention in quite the same way.
Landlords making extra money from taking in lodgers or renting out a spare room to tourists enjoyed a big boost in last week’s budget. The tax-free “Rent-A-Room” allowance was increased from £4,250 to £7,500 – the first increase since the allowance was introduced 18 years ago.
The Bank of England is worried about the high level of buy to let funding and it says that it may have to place restrictions on the availability of BTL mortgages. Appetite for Risk According to a report recently published by the bank, buy to let lending now accounts for 18% of new mortgage lending.
Blackpool was once a pretty seaside town where families from the industrial heartland of the northern England came to spend their annual two-week summer holiday. Today the hotels are past their best and you are more likely to see a hen party stumbling up the promenade than a well-dressed couple enjoying a weekend break.
Conservative MP, Dame Angela Watkinson, has introduced a Draft Local Government Finance (Tenure Information) Bill to make it much easier for authorities to identify rogue landlords who are operating under the radar of local authority control.
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