The Renters Reform Bill has already passed through the House of Commons and entered the House of Lords. However with the recent change in political party how will this affect its timing? The Renters Reform Bill is one of the most significant legislation documents for private renters and landlords in the past 30 years. First […]
What is going on with the Renters Reform Bill? Read More »
34% of homes for sale are cheaper to buy than rent, with the average first-time buyer saving £93 a month on a mortgage instead of renting. A third of homes listed for sale or 34%, can be bought with a mortgage and repayments that cost less than the average rent in the same area Buying
On Average it is Now More Affordable to Buy than Rent in the UK Read More »
The highest yielding areas for buy-to-let property in the UK Considering becoming a landlord? One strategy for investment is to focus on higher yielding markets. Here are the top investor hotspots in the UK. If you’re looking for a buy-to-let property, rental yield can help you decide if the cost of the property is worth
Where are the best places to invest in the UK property market? Read More »
Rightmove predicts that landlords will have to “balance priorities” to get rent prices right over the next 12 months. Advertised lets are being reduced by up to 25% The average tenant spends 50% of their income on rent There is a limit to tenant affordability, with other costs factored in Landlords are still looking for
Are rents being overpriced in 2024? Read More »
The average rent for a new tenancy has increased by 10.3% since September 2022, with renters now paying £1,164 per month on average. Residential rents for new tenancies are 10.3% higher than in September 2022 Rents have increased the most in Scotland, where new rent controls are encouraging landlords to secure higher rents at the
Rent for new lets rise more than 10% this year and there’s support for tenants Read More »
Rental scams are on the rise as fake agents target vulnerable renters Rental scams are increasing, with fraudsters posing as letting agents targeting innocent people simply looking for accommodation in the private rented sector. 5,751 rental scams reported in the UK for in 2021 You’re now 23% more likely to be a victim of a
Looking to rent? Make sure you’re working with a real agent! Read More »
With increased mortgage rates, renting has could be more affordable for the first time in over 10 years. The typical monthly rent is now 9.5% or £122 less than a new mortgage repayment for the same rental property Higher mortgage rates have increased mortgage costs faster than rents have been rising It’s still more cost
Continue Renting or Buy Your First Home? Read More »
Over 60% of landlords are being hit by higher mortgage rates, risking a further squeeze on the number of rental homes available. Higher mortgage rates are hitting landlords who have loan to value mortgages of 50-75% hard. And that accounts for 20-30% of landlords 51% of all landlord sales are taking place in London and
How incresed interest rates are affecting landlords and tenants rent Read More »
House price growth expected to be greater in affordable rural areas and slower in city centres, says leading economist at Office for Budget Responsibility. Remote working has permanently changed the housing market as it enables people to leave cities and live in the countryside This has lead to greater price growth in rural areas, but
How working from home is affecting house prices and rents Read More »
We’re still waiting on the bill to pass through parliament, changes may be made, however we have the initial document that is currently being reviewed. No-fault evictions are set to be banned in England after the long-awaited Renters’ Reform Bill was introduced to Parliament The bill aims to make the private rented sector safer and
The Renters Reform Bill is now published and going through parliament Read More »
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