UK Mortgage & Property Related News
Delays to the eviction process in the courts are leaving landlords with average losses of £12,700 per property when tenants stop paying rent, the High Court Enforcement Officers Association (HCEOA) has warned.
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Landlords with property in Wales achieved an average gross yield of 8.84% at the end of September, compared to 8.59% in the second quarter.
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Plans for a major reform of the house-buying system, which aim to cut costs, reduce delays and halve failed sales, have been unveiled by the government.
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A new mortgage for first-time buyers with a deposit that hasn’t been handed to them on a plate will do more than just help young people get on to the property ladder, says James Moore.
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93,000 buy-to-let landlords will step away from the rental market this year, with up to 150,000 lost in the last two years in total, according to a recent survey of intermediaries.
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The stamp duty change in April was expected to have a big impact on the housing market, but the figures show the sector’s underlying resilience has kept it steady.
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Mortgages for those with no deposits have started to return to the market
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As the Renters Reform Bill works its way through parliament there should be much to engage advisers’ landlord borrower clients, and a lot of change to come.
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Investing in the buy-to-let sector will almost certainly continue to prove profitable for many investors even when the proposed Renter’s Rights Bill (RRB) passes into law, research by FCC Paragon suggests.
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The uncertainty of the general election and Autumn Budget are out of the way and interest rates have been cut, so is now the right time to buy a new home?
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