Bank profits from Buy-to-Let Success

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Demand for buy-to-let mortgages has boosted challenger bank OneSavings’ profits, reflecting its strategy of targeting buy-to-let landlords. Shares in the FTSE 250-listed Kent based challenger bank, OneSavings, rose 12 per cent this week on the back of results which showed its focus on buy-to-let lending is paying off. The bank specialises in buy-to-let mortgages and […]

… LandlordZONE.

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Grenwich tops London BTL Yields

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New research which has looked at rental returns in each London borough on a street level, reveals that Greenwich is the highest yielding inner city borough. (*Source: London estate agent Portico, August 2016). Greenwich borough offers buy-to-let landlords the highest returns and the most affordable monthly rent. According to the research, landlords can expect a […]

… LandlordZONE.

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Record numbers of low-income private tenants

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Private landlords, having taken up the mantle of providing a big proportion of the UK’s social housing, now house record numbers of low-income tenants. The consequence of this is that housing benefit payments to private landlords have double in 10 years to £9.3bn. As tenants on no, or low, incomes have shifted into the private […]

… LandlordZONE.

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Brexit and the Buy to Let Market

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Despite the fact that Britain is yet to trigger Article 50, which gives it two years to negotiate the exit from the EU, already there have been recent moves by the banks to curb BTL lending and gloomy warnings for the housing market from the Treasury. But is this all a knee jerk reaction? Should […]

… LandlordZONE.

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Case of the week – Right to Rent

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Many landlords and many letting agents are still confused by the requirements of the new Right to Rent legislation that came in from February 1st 2016. The case this week is not unique but it is handy to explain the potential pitfalls for landlords.
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HMRC offering to simplify landlords’ tax

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Britain’s 900,000 landlords could be offered “cash basis” tax calculations for their buy-to-let property businesses in future. In the UK it is estimated to have around 1.4m properties owned by private residential landlords, and one in five homes are now buy-to-let. A series of tax consultations for HMRC’s Making Tax Digital (MTD) will focus on […]

… LandlordZONE.

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House prices rise 8.7% year to June 2016

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The UK House Price Index shows house price changes for England, Scotland, Wales and Northern Ireland, and the June data shows an annual price increase of 8.7%. This takes the average property value in the UK to £213,927. In England the rise was higher with the June 2016 data showing an annual price increase of […]

… LandlordZONE.

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RLA backing mandatory CMP schemes to protect landlords

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The RLA is backing Government’s plans to make Client Money Protection (CMP) schemes compulsory for letting and management agents.
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Tenants suffer “Buyers Regret”

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Half of tenants feel rushed into signing an agreement and regret their renting decision later. More than a quarter of tenants (27%) feel they were rushed into entering their tenancy agreement and latter regret the move, that’s according to research carried out on behalf of Ocean Finance. Such is the competition in the rentals market […]

… LandlordZONE.

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City council consulting on licensing plans

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Manchester City Council has today launched consultation on plans to introduce landlord licences at a cost of up to £750 a property.
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