Category: Buy-to-let
Mortgage searches hit 1.2 million in June, compared to 683,078 in May.
Foundation Home Loans has reintroduced large loan, early remortgage and short-term let products.
The average cost of rent has risen by an average of 3% across the eight regions monitored by Goodlord.Â
Although at the highest level since the lockdown began, product numbers are still 37.5% lower than pre-pandemic levels.
Nationwide’s House Price Index for June 2020 showed a year-on-year growth rate of -0.1%, the first negative rate in eight years.
Rental yields on residential buy-to-let properties stood at an average of 5.3% across England.
June saw the first negative annual growth in house prices since 2012.
The NRLA said Generation Rent wrongly assumes that landlords are doing nothing to support tenants to stay in their homes where rent arrears are building.
The bank launched its new criteria to reflect that the government’s COVID Alert Level being reduced to Level 3.
Traditional investment options are still by far the most popular, but of the alternatives, property remains firmly at the top of the list.