Property118 | Author: Property118.com News Team - Page 104

The worst and best areas for property investment revealed...

The City of Aberdeen has seen the worst return on investment in the UK for property investors, being the only area to see a fall in prices over the past 10 years, a survey reveals. According to the online...

Landlords will ‘bide their time’ as yields remain...

Even with tenant demand far outstripping supply and there being a growing need for more private rental property, one mortgage lender says it is expecting landlords to bide their time when making future...

What barriers affect you renting to tenants on benefits?

The personal finance reporter for the Telegraph, Alexa Phillips, is looking to speak to landlords about having benefit claimants as tenants. The Local Housing Allowance has been frozen for several years...

Scottish watchdog urges social landlords to prepare rent rises...

Fury has erupted in Scotland as a housing watchdog has told social landlords to prepare for rent increases after the rent-freeze ends next March. Critics say that the policy introduced by Nicola Sturgeon...

PRS unveils new advisory panel and seeks more representatives...

The Property Redress Scheme (PRS) has unveiled its new advisory panel to better represent the sector – and revealed that it is now seeking members for its member panel. The redress scheme covers...

‘Green’ BTL mortgage discounts will help improve...

Four in ten landlords (41%) would like to see the lending industry introduce mortgage discounts for properties with better EPC ratings, a survey reveals. Apparently, ‘green’ mortgage discounts...

Interest rate hikes sees nine out of 10 landlords increasing...

Rising interest rates have seen nine in 10 landlords either increasing rents or are about to, research reveals. The findings from SME and landlord insurance provider, Superscript, questioned 600 UK residential...

Number of BTL companies passes the 300,000 mark...

The number of companies set up to hold buy-to-let property has doubled since 2017 and now stands at more than 300,000 – driven by landlords incorporating on the back of rising interest rates. The...

England’s PRS will exceed 5 million homes by 2025...

After almost 20% growth in the past 10 years, England’s Private Rented Sector (PRS) could exceed 5 million homes by 2025, research from Ocasa reveals. The specialist rental platform says that the...

Selective licensing for landlords is a massive rip-off...

Let’s call selective licensing for landlords what it is: an unfair mandatory tax that is a massive rip-off. Sure, council officers and councillors will tell everyone how they are going to crack down...

How to cope with high interest rates...

Due to current high-interest rates and even higher affordability stress tests, many BTL single let properties just don’t stack up, so you can’t get a mortgage on them at the moment. Does this mean...

How to take in a lodger to cover cost of living crisis...

With the recent cost of living crisis, the financial benefits of renting out a room are highly desirable. A lodger may also be a great source of company, and could even help out with the household chores.

HMRC cash in post stamp duty holiday...

Research by Barrows and Forrester, has shown that the sum of tax receipts paid to HMRC as a result of stamp duty spiked by 62.6% following the end of the stamp duty holiday, hitting its highest level in...

Daily Telegraph wants to speak with Scottish Landlords forced...

The senior personal finance reporter for the Telegraph, Rachel Mortimer, is looking to speak to Scottish landlords and holiday homeowners who are being forced to sell up by rule and regulation changes...

Propertymark urges financial help for landlords to meet EPC targets...

Landlords will need financial and tax incentives for the government to reach its Net Zero ambitions and plans for EPC standards in the private rental sector (PRS), Propertymark says. The organisation has...

U-turn Emergency Statement...

Under pressure from the nervous financial markets and having been locked away in Chequers at the weekend with PM Lizz Truss, the Chancellor of the Exchequer, Jeremy Hunt has given an emergency statement...

Landlords in Wales forced to give 6 months’ notice...

Last minute changes to the housing eviction law in Wales will see more landlords having to give their tenants six months’ notice. That’s a change from the rules which enable a landlord to hand...

Rental supply pushing inflation in London...

Figures released to the press today from Foxtons, estate agents, show rental inflation continuing to surge in London. The average rental price in September was a record £553 per week, up from the previous...

Bad tenants, worse politicians, S21 – is it over for landlords?

It’s not looking good for landlords, is it? What with rising interest rates, mortgage availability and the government handing bad tenants an opportunity to live rent-free in our homes! That’s right.

Another Government U-turn sees corporation tax going up...

The Prime Minister, Liz Truss, has announced that corporation tax will rise which will affect businesses and landlords who have incorporated their property portfolio. Previously, in the mini-Budget, it...

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