Tagged: Rent

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...




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...




New survey reveals that half of tenants feel ripped off

New survey reveals that half of tenants feel ripped off

A new survey conducted by Ocean Finance has revealed that half of tenants in the UK feel that they have been ripped off by either a private sector landlord or letting agent. The main...




Campaign launched against licensing schemes in the private rented sector

Campaign launched against licensing schemes in the private rented sector

The new national campaign against selective licensing schemes is to seek a legal opinion on the issue of tenants’ legal rights to the peaceful enjoyment of their property. The launch comes as Liverpool city...




Restricting buy-to-let lending may restrict supply

Restricting buy-to-let lending may restrict supply

According to tenant eviction and rent recovery firm Landlord Assist, imposing lending restrictions on the buy to let mortgage market in the UK could have damaging consequences for landlords and the supply of rental...




Welsh private rented sector to experience massive changes

Welsh private rented sector to experience massive changes

The private rented sector in Wales is to experience massive changes after the Housing Wales (Bill) was approved this week. Landlords and letting agents will not only have to be registered, but if they...