Category: Property Industry News

Landlords fail to research prior to investing

Landlords fail to research prior to investing

Research conduced by Platinum Property Partners shows that many buy-to-let investors carry out no or little research before making property purchases. Such news is surprising given that the value of the average property portfolio...




“Revenge Eviction” term misused by media

“Revenge Eviction” term misused by media

Landlord Action has clarified what is meant by the term “revenge eviction” as media reports often equate its use to the issuing of a Section 21 notice. Revenge eviction is a term coined to...




London rents more than double the rest of the UK

London rents more than double the rest of the UK

The HomeLet Rental Index shows that monthly rents in Greater London now average £1,412, compared with £694 for the rest of the UK (excluding London). With the average tenant’s gross income being just 2.23...




Students dominating tenancy starts in central London

Students dominating tenancy starts in central London

Research from London Central Portfolio shows that students made up a staggering 41% of tenancy starts in the last 12 months. Students are outbidding the corporate sector for properties, paying an average of £600...




Banning of rental properties with low EPC ratings moves a step closer

Banning of rental properties with low EPC ratings moves a step closer

A new consultation has been launched which states that that minimum standard for all rental properties will be an EPC rating of E. If implemented it will not be possible to rent properties that...




London provides lowest rental yields

London provides lowest rental yields

Research from BM Solutions has revealed that London is providing landlords with the lowest rental yield out of all the regions in the UK. Analysts from the company advise that whilst regions from outside...




Interest rate rises could cause havoc in private rented sector

Interest rate rises could cause havoc in private rented sector

The loan-to-income cap introduced last month by the Bank of England governor Mark Carney did not apply to but-to-let mortgages. Given these are the fastest growing type of mortgages, and have undoubtedly been the...




Survey predicts stable growth in private rented sector

Survey predicts stable growth in private rented sector

A survey of landlords conducted by Paragon Mortgages found that the average yield across their rental portfolio had increased slightly from 6.1% in Q1 to 6.2% in Q2. Encouragingly the survey also found that...




Rents rise by just 1.4% and tenant arrears improve over the last 12 months

Rents rise by just 1.4% and tenant arrears improve over the last 12 months

According to LSL’s latest Buy-to-Let Index, the average residential rent across England and Wales is now 1.4% higher than in June 2013 which is below the rate of inflation (CPI of 1.9%) for the thirteenth...




New immigration legislation worries landlords

New immigration legislation worries landlords

80% of landlords are worried about the new immigration legislation which comes into force in October 2014. These are the findings of a study conducted by The Online Letting Agents. Such worries could lead...