Property Industry News

‘Bonkers’: More than 3,500 licensing applications rejected by council

Fri, 16 Nov 2018 12:49:00 GMT
More than three months on from the introduction of a selective licensing scheme in Nottingham, thousands of landlords remain unlicensed because their applications were rejected by Nottingham City Council for not being correctly or fully completed. Nottingham City Council, like many local aut [...]
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Buying property now cheaper than renting in 90% of the 10 largest UK cities

Fri, 16 Nov 2018 12:00:04 GMT
Renting a property is now more expensive than buying in nine out of ten of the largest British cities, fresh data shows, suggesting that residents are financially better off, on average, buying than renting.  Only in Bristol is the average monthly rent cheaper than average mortgage repa [...]
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Scarborough Council votes in powers to fine rogue landlords up to £30,000

Fri, 16 Nov 2018 12:00:01 GMT
Rogue landlords with properties in Scarborough now face fines of up to £30,000 as the local council looks to clampdown on those failing to take their legal responsibilities seriously. Scarborough Borough Council has voted to adopt new powers to get tough on those who break the rules. [...]
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New expat buy-to-let range launched by Marsden BS

Fri, 16 Nov 2018 12:00:00 GMT
Marsden Building Society has unveiled two new expat mortgage products for landlords looking to acquire or remortgage a buy-to-let property in the UK whilst living abroad. The new buy-to-let products, which includes a two-year discount rate of 2.99% or three-year discount at 3.09%, come with [...]
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The mortgage industry is “not fit for purpose”, claims Together

Thu, 15 Nov 2018 12:02:13 GMT
Panoramic views of London, little noise pollution, three generous sized bedrooms and the prospect of a near 9% gross rental yield - these are just some of the primary reasons why buy-to-let investor Adam Jones recently made an offer on a flat in Camden, north-west London. But when he applied [...]
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Decline of buy-to-let prompts ‘exciting time for renters’, says JLL

Thu, 15 Nov 2018 12:01:22 GMT
The number of properties acquired by landlords has dropped significantly over the past couple of years following the tax and regulatory clampdown, prompting a leading banking body to downgrade its forecast for buy-to-let lending in 2018. UK Finance said buy-to-let activity was slower than an [...]
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Buy-to-let lending slumps as tax reforms deter landlords

Thu, 15 Nov 2018 12:01:15 GMT
Buy-to-let mortgage activity slowed dramatically in September, as the number of landlords taking out new home loans dropped by almost a fifth, owed largely to regulatory and tax changes. Landlord investors took out just 5,200 new buy-to-let mortgages for acquiring properties in September, do [...]
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Plymouth offers the highest student accommodation yields

Thu, 15 Nov 2018 12:00:12 GMT
Plymouth has been identified as the top location for landlords looking to invest in purpose-built student accommodation in the UK by yieldit. According to the buy-to-let agency’s available student properties, the city commands average net yields of 7.24%, beating all other areas in ter [...]
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