It may be a new year, but many landlords and tenants are not celebrating as the pandemic rolls over into 2021. With further lockdown measures having been introduced, many tenants and landlords are still struggling with a loss of income. This is having a huge impact on the private rental sector.
The Chancellor’s Stamp Duty Land Tax holiday has caused a mini property market boom following the end of the first lockdown. It isn’t just residential buyers looking to take advantage. Market data has revealed a sharp increase in the number of landlords making property purchases, and in some areas, landlords represent the largest share of […]
Are you looking for a new buy to let mortgage deal right now? If so, you could be in for a rocky ride. Interest rates have risen since the start of the coronavirus pandemic. And many buy to let mortgage deals have disappeared from the high street.
Manchester is the largest city in the northwest. It is the birthplace of feminist icon Emmeline Pankhurst, vegetarianism, and Coronation Street. It’s also the home of two Premier League football teams, an international airport, and a cool music scene. Not surprisingly, this makes Manchester a great place to live, which is why it’s currently the […]
Stamp duty has been in the spotlight the last few months after the Chancellor’s announcement in July that it would be suspended for all properties of £500,000 or less. The market saw a predictable surge in interest after the lull of lockdown. Estate agents and solicitors are reporting marked uptick in people trying to get […]
Should pet owners be discriminated against in the private rental sector? Not according to The Deposit Protection Service. It says landlords should embrace pet owning tenants. They have issued new guidelines to make it easier for landlords to get their heads around tenants with pets. This advice is rather timely given the nation’s current love […]
The number of seniors hitting the private rental sector in the last 10 years has risen substantially. Research carried out by Paragon Bank shows renters in the 55-64 bracket have surged by 118% and those in the 65+ bracket have jumped by 93%. This is far higher than the 35-44 age group. What’s causing this […]
The government’s stamp duty holiday hasn’t just pumped adrenaline into the residential holiday market – it’s also provided a shot in the arm for buy to let investors too. Research carried out by a leading business insurance company has found that 10% of landlords plan to add further properties to their portfolio, which is a […]
A report published by The Lettings Industry Council claims abolishing Section 21 evictions will irrevocably change the private rental sector – and not in a good way.
For landlords, short-term rentals are a great way to make some extra cash. You can rent out a property for a few nights on an ad-hoc basis or treat it as a long-term business model. What many property owners don’t realise is the dangers of such rentals in the current pandemic.
The coronavirus pandemic has decimated the travel industry, with the number of tourists visiting from overseas down by 22%. Experts say tourist numbers could fall even further, by as much as 80% in as the pandemic rumbles on, so where does this leave short-term let landlords?
The Covid-19 pandemic has changed almost every aspect of our lives. From enforced lockdowns to panic buying in the supermarkets and working from home, 2020 has been a difficult year for all of us. Sadly, there are no signs life will be returning to normal any time soon!
New data from Howsy suggests that demand for rental accommodation has risen by 13% in major UK cities.
Landlords and tenants have been struggling since the pandemic hit. A mix of job losses and a moratorium on evictions has respectively cost landlords and tenants dearly. Data published by a lettings platform shows that in 70% of areas, the average rent has fallen since the country entered lockdown.
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