Buy to Let Yields Plunge to 3-Year Low
Buy to let yields for property investors have slumped to a three-year low, according to new data from a leading lender. Yields were 5.6% down year-on-year during the last three months of 2018, says a report from BM Solutions. The lender claims professional landlords...
Buy to Let Investors Chase Missing £68m Paid to Developer
Insolvency experts are warning buy to let landlords to be cautious about staking money against buyer funded developments after investors have lost millions of pounds in failed projects. Hundreds of investors have lost money in the schemes. In one of the latest to go...
Councils Pay £22m to Rent Homes They Once Owned
London councils are spending millions to rent homes they once owned but sold at massive discounts through the right-to-buy scheme. New data shows that 42% of council houses and flats sold under right-to-buy are rented by private tenants – with some landlords...
Auction Homes Go at Knock Down Prices
Fewer homes are going under the hammer at property auctions – but those that sell are at knock-down prices. The average price of a home going to auction last year was £152,559 compared to the Land Registry average property sale price of £230,630 in November. The...
Landlord Tax Burden Could Weigh on Buy to Let Market
Private tenants are paying an average rent of £921 a month for their buy to let homes. The amount is up 1.5% on rents charged a year ago. Renters in London are paying much more, having seen a year-on-year increase of 4.7% to £1,596 a month, says market monitor and...
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