Category: Buy To Let
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Maximise Your Buy-to-Let Investment: Highest Yielding Areas
In recent times, the buy-to-let market has experienced significant changes. Landlords are now facing higher rates when remortgaging, alongside a reduction in mortgage interest relief. Additionally, a slowdown in house price inflation is impacting the capital growth that was once a staple of property investment. Despite these challenges, opportunities still exist, but it requires careful…
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Landlords Continue Retreat from Buy-to-Let Market
The current year has seen a continued trend of property sell-offs by landlords across Great Britain, especially notable in Scotland. The property website Rightmove highlights that new seller asking prices have declined by 1.7%, a decrease of £6,088, settling at an average of £362,143. According to Hamptons, an upmarket estate agency, landlords are on track…
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Turning Challenges into Opportunities: A Single Woman’s Success in the UK Property Market
In 2008, as the financial crisis plunged property prices into a tailspin, many shied away from the real estate market. However, for Markella Mikkelsen, this was a golden opportunity. The Telegraph tells her success story. With reduced competition and lower prices, she saw a chance to start her buy-to-let business. Fast forward to today, Ms.…
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Surge in Northern Buy-to-Let Investments
There has been a significant rise in the acquisition of second homes in the North of England, according to Benham and Reeves. This trend is particularly marked in the North East and North West, outpacing the rest of the country. What is driving this phenomenon, and what does it mean for potential investors? The Northern…
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The Landlords Who are Buying not Selling
For those owning rental properties, the past few years have not been particularly encouraging. Stringent regulations and tax reforms have dented the appeal of buy-to-let investments. A report by Simply Business reveals that a quarter of landlords are considering selling off investment property within the next year. In stark contrast, only 3% are contemplating property…
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Beware of Subletting Scams: A London Landlady’s Cautionary Tale
When you rent out your property, you hope for a tenant who pays on time and maintains your home as if it were their own. But what if the opposite happens? The Daily Mail tells the story of Fiona Wyllie, a landlady who found herself entangled in a tenant’s deceptive subletting scheme. A Shocking Discovery…
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Landlords Respond to Rising Costs with Higher Rents
A comprehensive survey by The Deposit Protection Service (The DPS), which included over 1,000 landlords, has shed light on the current trend of increasing rents. The findings indicate that a significant 75% of landlords who are planning to stay in the buy-to-let market are either already increasing rents or planning to do so soon. Specifically,…
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151,000 BTL or Holiday Homes Sold Last Year as More Landlords Quit
According to the national accountancy group UHY Hacker Young, there has been a striking exit of landlords from the UK property market. The year leading up to April 5, 2023, saw the sale of an additional 151,000 buy-to-let and holiday homes. This movement is not a sudden impulse but part of an emerging pattern that…
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Protect Your Rental Assets: Understanding Landlord Insurance
If you’re venturing into the buy-to-let market or you’re an established landlord, it’s crucial to protect your investment from the unexpected. Landlord insurance can provide that safety net, allowing you to rent out properties with peace of mind. In this comprehensive guide, we’ll break down what landlord insurance typically covers, its costs, and spotlight some…
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Landlords Feel “Squeezed Out” of Rental Sector
A recent study conducted by Yorkshire Building Society (YBS) has surfaced alarming sentiments among landlords in the UK. The report indicates that a majority of landlords perceive themselves as being edged out of the rental market. Moreover, there’s a prevailing sentiment that the allure of being a landlord is diminishing rapidly. Interest Rates on the…