buytolet

New rent hotspots revealed: London demand crashes as capital ‘loses its appeal’ but towns like Ipswich and Northampton see HUGE spike Demand for rented rooms fell by 40% in some parts of central London, according to Spareroom, as people no longer needed to be close to offices In contrast, renters flooded to places like Ipswich, … Read more

Brighton has retained its crown as the most profitable place to be a landlord for the second year running, new findings have claimed. Taking into account rental fees charged to tenants and landlord costs, buy-to-let investors in the seaside resort can make a monthly profit of around £570, insurance group CIA Landlord suggests. At the … Read more

Pets in lets: Government makes it harder to impose ‘blanket bans’ on tenants having animals – but landlords want to charge higher deposits The Government’s model rental contract now allows pets as the ‘default’ Landlords using it will need to provide a ‘good reason’ for not allowing animals  The industry body says they should be … Read more

Rental costs in pockets of some cities across Britain have fallen drastically in the last 12 months, two separate reports show. Rents in Birmingham, Edinburgh and London fell between 5 and 8 per cent in the last year, data from SpareRoom shows – and in one capital postcode, they have plummeted 26 per cent.  Meanwhile, … Read more

More choice for landlords as number of buy-to-let mortgage deals on offer increases – but rates are also nudging higher There are nearly 2,000 buy-to-let mortgages on the market right now  Although more than last month, this is still far fewer than before the pandemic  Lenders are bringing back 20 per cent deposit products for … Read more

Around 840,000 private renters in England and Wales have built up rent arrears since lockdown measures began, according to new research. A survey of tenants for the National Residential Landlords Association, carried out by research consultancy, Dynata, suggested that seven per cent of all private renters had built arrears due to Covid. Whilst the average … Read more

Around 840,000 private renters in England and Wales have built up rent arrears since lockdown measures began, according to new research. A survey of tenants for the National Residential Landlords Association, carried out by research consultancy, Dynata, suggested that seven per cent of all private renters had built arrears due to Covid. Whilst the average … Read more

London renters are leaving the capital for countryside locations, expert warns, as others say the city will remain popular post-pandemic New research by SpareRoom shows 27% of London’s renters plan to move post-Covid-19 Half of those planning to move intend to leave the capital altogether  London is expected to experience a 13% net exodus in … Read more

Landlords have seen the number of buy-to-let mortgages slide by almost a third over the past year and rates on offer rise, data shows. The buy-to-let mortgage crunch has seen 800 of the 2,592 deals for landlords on offer in November 2019 vanish, a drop of 31 per cent, according to data from Moneyfacts.  Meanwhile, … Read more

Manchester has been ranked as the UK’s number one city for landlords to invest in, according to Aldermore’s 2020 buy-to-let city tracker. The tracker, which includes a total of 50 cities, ranks each location after analysing five key indicators impacting desirability for a buy-to-let investor. The indicators include the average rent, the best short-term returns … Read more