Property Industry News

BTL landlords cool on property purchases

Fri, 18 Jan 2019 12:00:09 GMT
The number of buy-to-let purchases continues to fall, as reflected by a further drop in new buy-to-let mortgage lending. Fresh data from UK Finance shows that landlord investors took out just 6,100 new buy-to-let mortgages for acquiring properties in November, down 9% compared with the same [...]
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Barnet Council plans to introduce tougher licensing controls

Fri, 18 Jan 2019 12:00:08 GMT
Barnet Council is planning to introduce a stricter licensing scheme designed to clampdown on rogue landlords across the borough in north London. The council wants to replicate selective licensing schemes that have come into play in other areas, with prosecution or a civil penalty of up to &p [...]
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Just 135 of 3,000 landlords have signed up to new statuary license

Fri, 18 Jan 2019 12:00:07 GMT
There is growing concern in Reading that thousands of landlords could soon face enforcement action if they do not sign up to new statutory licence, with the deadline just weeks away. Changes to mandatory Houses in Multiple Occupation (HMO) licensing came into force in England on 1 October 20 [...]
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UK Finance slammed for suggesting that the leasehold system is working well

Fri, 18 Jan 2019 12:00:04 GMT
Assertions made by UK Finance that the leasehold system is not in need of major reform have been rejected by Leasehold Solutions. Speaking to the Housing, Communities and Local Government Committee this week, Matthew Jupp, principal of mortgages at the body representing high street lenders i [...]
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Landlord sees HMO license application rejected due to fire safety concerns

Fri, 18 Jan 2019 12:00:01 GMT
A buy-to-let landlord in Glasgow will be left out of pocket after the renewal of her house in multiple occupation (HMO) licence was rejected following the discovery of a series of fire safety issues. The defects were discovered during an inspection by the Scottish Fire and Rescue Service (SF [...]
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Rents in London hit an all-time high as supply plummets

Thu, 17 Jan 2019 12:00:09 GMT
Asking rents in London rose to a record high in December, with market conditions in the capital improving to levels not seen since Q1 2015, as the number of homes available to let continues to fall, according to the latest data from Rightmove. Compared with this time last year, available ren [...]
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Best locations for buy-to-let in the UK revealed

Thu, 17 Jan 2019 12:00:07 GMT
Despite the introduction of profound changes to the taxation of buy-to-let investments, leaving many landlords facing higher tax bills, there are still are still parts of the UK where investors can find attractive returns. The best area to currently invest in is the North West of England, ac [...]
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How long does it take to sell a buy-to-let property in the UK?

Thu, 17 Jan 2019 12:00:06 GMT
New figures from specialist online agency yieldit, which analyses the time taken between a tenanted investment property being listed and an offer being accepted, shows that it takes an average sale time of 38 days. The data from the company, which specialises in the sale of completed and ten [...]
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