Property Industry News

Buy-to-let landlords continue to enjoy ‘stable returns’

Wed, 22 May 2019 12:00:08 GMT
Rents across England and Wales have edged slightly higher over the past 12 months, increasing by an average of 0.5% to hit £861 per calendar month (pcm) in March, the latest data from Your Move shows. The West Midlands overtook the South West as the fastest growing area this month, the [...]
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Older investors are ‘recognising the potential of buy-to-let investments’

Wed, 22 May 2019 12:00:07 GMT
A growing number of older investors are turning to buy-to-let property to supplement their income, new figures suggest. Fresh data from Commercial Trust shows an uptake in the number of older people applying for buy-to-let mortgages. The data reveals that there was a 5.43% increase in the p [...]
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Tougher HMO licencing rules: awareness ‘remains limited’ says agent

Wed, 22 May 2019 12:00:06 GMT
Six months on from the introduction of licencing that regulates Homes for Multiple Occupation (HMOs), and awareness of the new laws remains limited, according to a leading estate agent. Lisa Simon, who until recently headed up the letting department at Carter Jonas before becoming head of re [...]
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Landlords and tenants left in limbo as agency suddenly shuts owing thousands

Wed, 22 May 2019 12:00:04 GMT
An estate agency in the West Midlands has shut down leaving clients demanding their cash. Landlords and tenants who dealt with the company, which had an office Kingswinford, Dudley, and another in Wolverhampton, were given no prior warning that the firm was planning to close down. Land [...]
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Masthaven revamps buy-to-let range

Wed, 22 May 2019 12:00:01 GMT
Masthaven has announced changes to its buy-to-let mortgage range, including flexible criteria, rates for non-traditional tenants and landlords, as well as complex properties. The new proposition, aimed at individuals, professional landlords and limited companies, comprises of three products, [...]
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Growing number of English landlords investing in Scotland’s BTL sector

Tue, 21 May 2019 12:00:08 GMT
There has been a notable rise in the number of English landlords investing in Scotland’s buy-to-let sector thanks to cheaper property prices north of the border, along with tax reliefs and higher yields, according to Touchstone. Research by the property training firm found that 78 [...]
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Londoners on housing benefits are ‘treated like second class citizens’

Tue, 21 May 2019 12:00:06 GMT
Renters in London are being discriminated against ‘because they are on benefits’, according to ITV News London. ITV News reporter Katie Barnfield interviewed a number of tenants on housing benefits and found that many are struggling to secure accommodation in the capital. As par [...]
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Landlord ordered to behave himself after being abusive towards tenant

Tue, 21 May 2019 12:00:04 GMT
A BTL landlord who lost his cool during a heated exchange with a tenant over unpaid rent has been ordered to be of good behaviour for the next nine months at Jedburgh Sheriff Court. Steven Melville, 53, pleaded guilty to behaving in a threatening or abusive manner by shouting and swearing an [...]
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