Category: Buy-to-let

Rental properties across the capital are empty for an average of 24 days.

The lender has also upped the maximum loan size on 80% LTV products to £2m, on 85% LTV offerings to £1.5m and on 90% LTV deals to £1m.

There were 29,490 of these mortgages recorded.

The RLA cited the 3% stamp duty levy on extra housing added in 2016 as slowing down investment in new rented property.

The growing number of landlords opting for shorter-term rates has been fuelled by the shorter early repayment charge periods.

Over a quarter (27%) of landlords experienced an increase in tenant demand during the final quarter of 2019.

In 2019 there were 2.66 million landlords in Great Britain, 8% fewer than the 2017 peak. 

The ‘Boris bounce’ combined with the traditional New Year upsurge in activity combined to create a positive January.

Some rates have fallen by nearly £50 per month.

Just 18 individual landlords and property agents and five companies are registered on the database of rogue landlords.