Buy to Let Rent Rises Still Slowing Down
Buy to let rents are standing still for landlords, according to the latest official figures. Tenants paid an extra 0.9% in rent for the year to October – the same as the year-on-year rise to September. Rent increases have stayed at 0.9% year-on-year since July....
Buy to Let Rents Rise by 2.1% in a Year
Rents across the country rose by 2.1% in October compared to a year ago, according to a new study. Tenants are paying an average rent of £928 a month. Rents in London are much higher – averaging £1,619 a month after going up 4% year-on-year, says the research...
Property Fraud Nets £20 Million From Investors
Fraudsters running a property Ponzi-scheme conned 800 would-be investors out of almost £20 million. Essex and London Properties collapsed with debts of more than £11 million in January after promising an 8% return on money invested for a year or 12% for three years....
HMO Letters Another Financial Blow for Landlords
Tens of thousands of landlords are set to receive letters from their mortgage lenders after a change in the legal definition of which houses in multiple occupation require a licence. A legislation update on October 1 in England which changed the definition and meant...
Petition Protest Against ‘No Benefits’ Buy to Let Lenders
A buy to let landlord who could only remortgage a rented home if she evicted her tenant has started a petition protest calling for the government to outlaw lenders with a ‘no benefits’ policy. NatWest told the landlord, Helen McAteer, that she could only increase her...
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