Taking out a mortgage is a common way to build a property portfolio, but landlords are coming under increasing pressure from the Bank of England, which is making buy to let mortgages more difficult to come by. Read more…
Landlord Insider
On the Landlord Insider blog, you’ll find some excellent resources for landlords of all sizes. From the latest landlord news, to professional advice, tips and guides for landlords, there’s something for everyone. Brought to you by the excellent team behind the Landlord Vision property management software.
Landlords Warn Letting Agents Not to Pass on Charges
Yesterday’s Autumn Statement has caused a storm in the private rental sector after Phillip Hammond announced a ban on tenant fees. Landlords are now concerned that letting agents will charge them more to cover the loss in revenue from tenants. Read more…
Lenders Putting Pressure on Landlords to Raise Rents
The UK’s biggest buy to let mortgage lender has become the first to place lending restrictions on landlords in higher tax brackets. Currently, landlords borrowing money from Birmingham Midshires are expected to charge rents equal to 125% of their monthly mortgage repayments. Read more…
New Benefits Cap Could Make Tenants Homeless
From last week, benefits will be capped at £20k a year. An estimated 100,000 households will be affected by a cut in their housing benefits, the majority of them in London. Experts fear that many tenants living in the private sector could face losing their homes because they can’t afford the rent. Read more…
Londoners Struggle to Buy
Londoners are still struggling to get on the property ladder. New research from a crowdfunding platform claims it will take, on average, 121 years for someone earning around £34k a year to be able to save up enough deposit to buy an average flat in the capital. Read more…
