Category: Buy-to-let

Over half a billion of rental income is lost annually because private landlords evict good tenants – mistakenly believing that they need to sell their properties tenant-free, online buy-to-let marketplace Vesta has found.

Mortgage Business Expo (MBE) at the Barbican on 10 October will include a specialist lending panel debate hosted by the Financial Intermediary and Broker Association (FIBA) and the L&G Mortgage Club will host a workshop on later life lending.

The Home Office will reconvene its Private Rented Sector stakeholder panel on Right to Rent in October following pressure from the Residential Landlords Association.

Over one in 10 landlords (11%) check Facebook and other social media accounts to screen tenants before letting them live in their property, Foundation Home Loans has found. 

Buy-to-let margins to improve

Buy-to-let pricing has become too cheap but rates are likely to rise in the next year and a half, a panel of experts at FSE London indicated.

London rents on newly let homes, homes advertised on the open market to let, fell for the third consecutive month, down -0.8% year-on-year, the Hamptons International Monthly Lettings Index has found.

Coventry for intermediaries has reduced rates across its five and 10-year fixed owner-occupier mortgage ranges by up to 0.10%.

Rents up nearly 1% year-on-year

In August rents in the UK rose by 0.9% year-on-year with the average monthly rent now at £947 a month, the HomeLet’s Rental Index has found.

A specialist lending panel at FSE London has urged intermediaries to stay clear of buy-to-let tax advice to avoid being involved in the next potential mis-selling scandal

He has launched the firm alongside Matt Davies, who launched Empire Commercial Finance based in Chester in 2014.