Traders expect Bank of England base rate rise this year
They also expect two 0.25% rises in February and August 2022. If these increases go through the base rate would sit at 0.75% by next year, where it was before the pandemic.
Buy2Let
North West home to the best rental yields
House prices are still relatively low in the North West, at £185,171, while annual house price stood at 8.1% in the region as of July 2021.
Rent arrears cases double during pandemic – NRLA calls for action
Between April and May 2021 7% of private renters were in arrears, up from 3% in 2019/20.
Silver buy-to-let landlords flock to the market
There’s been a rise in buy-to-let purchases made by older people nearing retirement age after the market reopened. In the 12 months to July…
Detached rents rising faster than other types
Rents for detached properties rose by 3.52% from £1,079 to £1,117, compared to a 1.74% increase for all homes.
Another bridging lender dips into buy-to-let
The products cover residential and mixed-use properties up to a maximum of 30% commercial use for a property.
Westminster HMOs to spike after rule change – could it drive landlords out?
At the end of August shared houses or flats where 3 or more people from 2 or more households share facilities required licensing as HMOs.
Landlords warned for using short-term finance to fund improvements
Three in five (62%) have refurbished one of their rental properties in the last 12 months, with 18% renovating more than one rental property.
MFS pilots buy-to-let proposition
The lender is offering 2 and 3-year products, with fixed rates starting from 4.99% with product fees from 1.75%.
Renters commonly blighted with damp and mould
Renters commonly deal with issues of damp and mould (26%), heating (26%), struggling to pay rent (21%) and fear of eviction (19%).
