Scotland’s rent cap disaster – a warning to landlords and tenant groups everywhere

admin    Uncategorized     agents

News this week that the rent cap in Scotland has led to higher rents will be a story ignored by the likes of Shelter, Generation Rent and Acorn.

But my first thought was, who’d have thunk it?

Capping rents at a time when landlords are seeing their overheads increase and profits fall was always going to end this way.

View Full Article: Scotland’s rent cap disaster – a warning to landlords and tenant groups everywhere

Can you help me with N325?

admin    Uncategorized     agents

Hello, I have been granted repossession and been provided with a date (12th December) for eviction and awarded Rent Arrears and court fees.

Please can someone assist with what the sums I should fill out in section 4 (Warrant Details) –

View Full Article: Can you help me with N325?

Landlords favour five-year fixed mortgages again

admin    Uncategorized     agents

Remortgaging landlords are showing more confidence in five-year fixed rate mortgages than they did earlier this year, a survey has found.

According to the research from Landbay, more than half (51%) of the remortgaging landlords said they would choose a five-year fixed rate mortgage

View Full Article: Landlords favour five-year fixed mortgages again

Sadiq Khan pushes for tougher penalties for landlords over mouldy homes

admin    Uncategorized     agents

The London Mayor is calling for tougher sanctions for private landlords who let out mouldy homes in the capital.

Sadiq Khan wants to see rent rebates doubled if landlords fail to fix mouldy and draughty homes in London.

View Full Article: Sadiq Khan pushes for tougher penalties for landlords over mouldy homes

£ for £ remortgage with NO Interest Cover Ratio

admin    Uncategorized     agents

In the current market, some landlords are struggling to meet the lender’s requirement for rental income to be 125% – 145% of the mortgage payment. This can leave some stuck on the lenders standard variable rate, a higher rate of interest.

View Full Article: £ for £ remortgage with NO Interest Cover Ratio

Fed-up BTL landlords look to sell as interest rates rise

admin    Uncategorized     agents

The rise of social media has seen self-professed ‘property experts’ offering property investment courses and pricey one-day seminars with promises of becoming ‘financially free’. By that, they mean rich.

But these so-called property gurus charge a hefty fee for their advice

View Full Article: Fed-up BTL landlords look to sell as interest rates rise

Private rents in Scotland soar by 14.3% in a year

admin    Uncategorized     agents

Despite a rent cap, there has been a sharp increase in average rents across all property sizes in Scotland, with the most common size of home in the private rented sector (PRS) – two-bedroom homes – rising by 14.3% in the year to the end of September.

View Full Article: Private rents in Scotland soar by 14.3% in a year

UK rents soar by over a third above inflation in a year

admin    Uncategorized     agents

UK renters are feeling the pinch as rents rose by more than a third above inflation in the past year, according to new data.

The Deposit Protection Service (The DPS) tracks the average monthly rent and it found that rents reached £1,121.46 in Q3 2023

View Full Article: UK rents soar by over a third above inflation in a year

Rents will rise and house prices will fall in 2024 prediction

admin    Uncategorized     agents

A market forecast for the sales and lettings markets for the next two years reveals that tenants will see rents rise and landlords and homeowners will see their property values fall.

The forecast leading estate agency Chestertons has looked at the economic outlook for 2023

View Full Article: Rents will rise and house prices will fall in 2024 prediction

A complaint about OpenRent article on landlords maximising profits

admin    Uncategorized     agents

Booming Rental Market: How OpenRent Landlords Are Maximising Profits

Dear OpenRent team,

I object to your article for several reasons. Firstly, the whole tone of ‘landlords maximising profits’ and ‘How Much Can a Landlord Increase Rent in 2023?’

View Full Article: A complaint about OpenRent article on landlords maximising profits