One in four landlords to sell property due to abolition of Section 21
A quarter (25%) of landlords admit they will sell some or all of their properties when the Section 21 evictions ban happens, research from The Mortgage Works has found.
Buy2Let Investment News
Whether you are a property developer or looking for your first investment project – the latest buy2let investment news and stories from around the UK brought to you by Property Investor Post covering houses, flats, houses in multiple occupation (HMOs), multi-unit freehold blocks (MUFBs), multi-lets, student-lets and semi-commercial properties, are an essential daily read.
Call for rent freeze as 45% of private renters face rate rise
Campaign group Generation Rent has called for the government to impose a rent freeze to alleviate the financial pressures on tenants.
Property maintenance costing a fifth of landlord rental income
Maintenance costs now account for over a fifth of the average rental income of a property, having surged since the start of the year alone, analysis from property maintenance solution provider Help me Fix has revealed.
Landlords flock to issue Section 21s before ban
Nearly three in 10 (28%) landlords plan to issue a Section 21 notice in the next 12-18 months, before the ban comes into force, a survey carried out by Landlord Action found.
Bristol portfolio landlord banned and fined
A landlord with a 34-strong portfolio in Bristol has been banned from letting properties in England and fined £22,000 due to eight banning order offences.
Where Right to Buy has taken place in London
The highest number of council owned homes have been sold in Barking and Dagenham, where Right to Buy sales total 1,883 over the last decade, research from agent Benham and Reeves has found.
Transactions surge in July
Property transactions jumped up by 7.2% in July, as people looked to buy before mortgage rates continued to rise, HMRC data shows.
Average two-year fixed mortgage surpasses 4%
Mortgages fixed for two years now average a rate above 4% thanks to successive base rate rises by the Bank of England.
Manchester and Liverpool are yield hotspots
The Manchester postcode M14 is currently returning the best yields for landlords in the UK, at a huge 9.6%, Rightmove analysis shows.
More renters staying put due to dwindling stock
More renters are choosing to renew their existing tenancies rather than moving thanks to the lack of stock, Propertymark research shows.
