The number of landlords operating in the UK fell to a seven-year low of 2.66 million in 2019. Hamptons International’s monthly lettings index found that the landlord count peaked in 2017 – last year there were 8% fewer than two years before. Measures like the reduction in mortgage tax relief, and 3% stamp duty surcharge […]
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Outdoor space tops the wish lists of UK tenants when searching for a rental property, research from yieldit has revealed. Almost half (42%) of tenants seek a garden, terrace or balcony when searching for the ideal home and only 11% would be content with a communal space. Other key features are parking (34%) and modern […]
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Christopher Pincher has been named the new housing minister, after Boris Johnson axed Esther McVey from the role. Pincher, the MP for Tamworth, becomes the UK’s 10th housing minister since 2010 – continuing the seemingly endless revolving door associated with the role. Throughout his career he has voted to phase out secure tenancies for life, […]
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There were 9% fewer cases of homeowners being in arrears of more than 2.5% in the fourth quarter of 2019 compared to the corresponding period in 2018. It’s a similar story with those in serious arrears of more than 10% of the mortgage balance, as there were 9% fewer cases. In all, there were 70,880 […]
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Residential Estates, Chester, has identified Preston as an investment property hotspot in 2020. Low asking prices and increasing investment into the region’s economy makes the city a top opportunity, the group said. While the city performed disappointingly since it obtained city status in 2002, it has improved since 2013, while in 2018 it was named […]
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London has the highest proportion of rental disagreements between landlords and tenants, accounting for 37% of all cases in the last year. The data, by rental deposit replacement scheme, Ome, found that the South East came second with 16% of all disputes, with 11% being in the North West. Poor communication on why the deposit […]
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Rental platform Movebubble will release version two of its platform tomorrow. The new version will include an update to the chat feature, with users receiving a WhatsApp-style experience, with double tick read receipts and the ability to check when renters and partners were last online. You can now also filter based on price criteira and […]
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Andrews property group has urged buyers and sellers to list properties ahead of Valentine’s Day this Friday – as the second half of February tends to see a surge in ‘loved-up’ couples seeking to buy or rent new homes together. The number of properties being put up for sale in the second half of February […]
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Mike Scott, chief property analyst at Yopa Chancellor Sajid Javid has faced criticism from both estate agents and London MPs after apparent plans to hit larger properties with a “mansion tax” emerged over the weekend. Though an appealing idea in principle, raising additional tax revenue from people who are well-placed to afford it risks distorting […]
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Scotland currently offers the best buy-to-let yields across the UK at 5.8%, Sourced Capital research shows. Glasgow is the top region, with yields hitting 7.8% on average, followed by West Dunbartonshire (7.2%) and Inverclyde (7.1%). England averages at 4.1%, with the best yields being found in the North East (4.9%), Yorkshire and the Humber (4.5%) […]
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