Landlord News
17:05 PM, 22nd January 2025, About 7 hours ago|
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London has emerged as the dominant force in the UK's buy to let market in 2024, experiencing a 13% increase in new landlords, data reveals.
The findings from Simply Business show this follows a period of slower growth in 2023, with the capital's strong tenant demand and diverse property options now driving the resurgence.
Its analysis of landlord insurance policyholders show that Northern cities also had significant growth, with Birmingham, Leicester, Leeds, Manchester and Nott
The latest quarterly update from UK Finance reveals there were 710 buy to let mortgage possessions in the third quarter of last year.
It says the figure remains unchanged from the previous quarter but marks a huge 73.2% increase compared to the same quarter in 2023.
The data shows that at the close of Q3 2024, there were 13,000 buy to let mortgages in arrears that were exceeding 2.5% of the outstanding balance.
This is a drop of 570 from the previous quarter but is still 19%
The Court of Appeal has ruled in favour of a landlord, confirming they can serve essential tenancy documents by post.
The National Residential Landlords Association (NRLA) intervened in the case, which had the potential to impact landlords and letting agents.
The D'Aubigny v Khan case centred on whether notices and other documents could be valid when served by post and whether landlords could include provisions for service methods within tenancy agreements.
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There will be a big drop in the availability of stamp duty-free homes from April 1st when the current stamp duty relief reverts to previous thresholds, research reveals.
Yopa says that currently, a third of properties for sale in England offer the possibility of a stamp duty-free purchase for existing homeowners....
More than half of the UK’s renters are looking to move home within the next six months, research reveals.
According to the tenant app Tlyfe launched by OpenBrix, 57% of renters plan to move in 2025, with 59% of those intending to do so within the next six months....
When my father died, his Will specified that I was to purchase a property for his long term live in carer/lady friend to live in, rent free for the rest of her life. Her new home was purchased from the proceeds of dads estate....