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Escalating Buy-to-Let Pressures Drive UK Landlords Toward Letting Agencies

Escalating Buy-to-Let Pressures Drive UK Landlords Toward Letting Agencies

New research indicates a considerable shift in the UK property landscape, with almost two thirds (63%) of private landlords contemplating transitioning to a letting agency...

21/07/2023
Pre-emptive Eviction Cases Surge by 16% in Q1 Prior to Section 21 Ban

Pre-emptive Eviction Cases Surge by 16% in Q1 Prior to Section 21 Ban

A 16% increase in eviction cases reaching the courts has been observed, according to an analysis of government statistics by property software company Veco. This...

20/07/2023
London’s Mayor Seeks to Curb Short-Term Lets With Licensing Scheme

London’s Mayor Seeks to Curb Short-Term Lets With Licensing Scheme

London’s mayor, Sadiq Khan, has implored the UK government to collaborate with him and local borough councils to implement a licensing scheme for short-term rentals....

20/07/2023
Southwark Council Receives Approval for Landmark Landlord Licensing Scheme

Southwark Council Receives Approval for Landmark Landlord Licensing Scheme

Housing Secretary Michael Gove has given his approval to one of the UK’s largest private landlord licensing schemes, proposed by Southwark’s Labour council. This new...

19/07/2023
House Prices Show Slight Annual Rise Amid Concerns for UK Property Market’s Future

House Prices Show Slight Annual Rise Amid Concerns for UK Property Market’s Future

Despite a minor 1.9% uptick in the average house prices for the year leading up to May, which is down from the previous month’s increase...

19/07/2023
UK Interest Rates Forecasted to Rise Yet Again, Despite Dip in Inflation

UK Interest Rates Forecasted to Rise Yet Again, Despite Dip in Inflation

Despite the recent dip in UK inflation, the Bank of England (BoE) is expected to hike interest rates again next month, according to Nigel Green,...

19/07/2023
Resilient Property Market Defies Economic Headwinds, Reveals Propertymark’s June 2023 Report

Resilient Property Market Defies Economic Headwinds, Reveals Propertymark’s June 2023 Report

Despite the current economic climate, market conditions in the UK property sector exhibit no significant shift, as indicated in Propertymark’s Housing Insight Report for June...

18/07/2023
Market Leaders Launch Pioneering Law Firm to Revolutionise Landlord Legal Services

Market Leaders Launch Pioneering Law Firm to Revolutionise Landlord Legal Services

Leading UK tenant referencing companies and rent guarantee providers HomeLet, Let Alliance, and Rent4sure are set to transform the landlord legal services sector with the...

18/07/2023
House Prices Threatened by a Potential 25% Drop, Says Resolution Foundation

House Prices Threatened by a Potential 25% Drop, Says Resolution Foundation

Recent stress tests conducted by the Bank of England have raised concerns about potential financial instability. The results unveiled a worst-case scenario featuring a plunge...

18/07/2023
Survey Shows 64% of Buy-to-Let Landlords Plan to Keep Properties Despite Market Challenges

Survey Shows 64% of Buy-to-Let Landlords Plan to Keep Properties Despite Market Challenges

Landbay’s recent quarterly survey reveals that 64% of buy-to-let landlords do not plan to offload any of their properties in the forthcoming year. The strongest...

17/07/2023
Foreign Homeowners Hold £84.2bn Worth of Property in England and Wales, Reveals Study

Foreign Homeowners Hold £84.2bn Worth of Property in England and Wales, Reveals Study

Newly released data from leading London estate and lettings agent, Benham and Reeves, suggests that foreign property owners hold assets worth a staggering £84.2 billion...

14/07/2023
Wales Leads in Britain’s HMO Market with Highest Average Rental Yields

Wales Leads in Britain’s HMO Market with Highest Average Rental Yields

Houses in Multiple Occupation (HMOs) in Wales are generating the most substantial yields across Britain, according to data revealed by Paragon Bank. The buy-to-let specialist...

13/07/2023
Energy Efficient Homes Hold Value Despite UK Housing Market Slump: RICS Survey

Energy Efficient Homes Hold Value Despite UK Housing Market Slump: RICS Survey

The UK housing market faced a setback in June 2023, with an eight-month low in new buyer enquiries hinting at a reemergence of issues plaguing...

13/07/2023
Leeds Building Society Introduces New Buy to Let Range for Limited Company Landlords

Leeds Building Society Introduces New Buy to Let Range for Limited Company Landlords

Leeds Building Society is expanding its options for landlords with the introduction of a new suite of Buy to Let mortgages, specifically designed for those...

13/07/2023
Imminent Steep Decline in House Prices as Mortgage Rates Skyrocket, Warns National Property Association

Imminent Steep Decline in House Prices as Mortgage Rates Skyrocket, Warns National Property Association

The National Association of Property Buyers (NAPB) has issued a stark warning: house prices are predicted to drop more steeply due to mortgage rates reaching...

11/07/2023
Renters Widen Search Areas as Soaring Rental Values Test Affordability

Renters Widen Search Areas as Soaring Rental Values Test Affordability

Nicky Stevenson, managing director of Fine & Country, reports that the continuous annual rise in rental values, particularly during the bustling summer months, shows no...

11/07/2023
Rapid Rise in Buy-to-Let Mortgage Arrears Outstrips Residential Sector, New Study Reveals

Rapid Rise in Buy-to-Let Mortgage Arrears Outstrips Residential Sector, New Study Reveals

The latest analysis from property lending specialists, Octane Capital, indicates a surge in arrears for buy-to-let landlords outpacing that of homeowners. Octane Capital scrutinised the...

11/07/2023
UK Government Proposes Council Tax Exemptions for Landlords with Vacant Properties

UK Government Proposes Council Tax Exemptions for Landlords with Vacant Properties

The UK government has opened a consultation regarding plans to exclude landlords from paying council tax premiums on unoccupied properties whilst preparing them for tenancy...

10/07/2023
Largest Decline in UK House Prices in Over a Decade: A Market Shift for Landlords

Largest Decline in UK House Prices in Over a Decade: A Market Shift for Landlords

The UK housing market has encountered its most significant decrease in 12 years, with house prices falling by 2.6% within the year to June, according...

10/07/2023
Bank of England could be forced to hike interest rates to 7%, economists warn

Bank of England could be forced to hike interest rates to 7%, economists warn

In a bid to curb stubbornly high inflation, the Bank of England could potentially raise the UK base rate as high as 7%, warns US...

07/07/2023
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