When Graham Firth saw an advert for an 8 per cent return on an investment in student digs, he thought he had found a great deal. More people were going to university than ever before and he was told the Paramount development in Liverpool was not only finished, but occupied. However, after the 54-year-old finance … Read more
More women than ever are becoming landlords, as their interest in property continues to outpace other investments such as stocks and shares and cryptocurrency. Women now make up 48 per cent of the 2.6million buy-to-let landlords in the UK, according to analysis by London estate agent, Ludlow Thompson. Whilst the number of male landlords increased … Read more
The number of homes for rent in Britain could drop dramatically, as landlords leave the market thanks to higher taxes and stricter rules. Almost a million landlords, more than a third of the total, will review their property portfolios in the next year, according to the Nottingham Building Society, and the number planning to sell … Read more
Punitive tax changes have meant that landlords have bought a quarter of a million fewer homes in the past five years. Since April 2016, landlords have bought around 700,000 homes across Britain. This is 250,000 – or 26 per cent – fewer than they would have if the tax regime had stayed the same, according … Read more
A property firm is now allowing tenants to pay their rent using cryptocurrencies such as Bitcoin and Ethereum. Lettings management platform Mashroom will allow tenants to pay via cryptocurrency, and then convert it to pounds sterling before it is sent on to their landlord. Mashroom claims it is ‘moving with the times,’ and says the … Read more
London is the only UK region where rents are lower today than they were five years ago, according to Rightmove figures. Rents across almost two thirds of the capital’s districts are lower now than they were in March 2016, meaning that the average London rent has fallen by 2.3 per cent. The most significant fall … Read more
After half a year largely spent indoors, many of us are likely to be desperate to get away for a few days. But with a question mark still lingering over foreign holidays, many will see a UK break as the safer option this summer. With demand for staycations at an all-time high, a holiday let … Read more
Three in five landlords are now interested in a ‘green’ mortgage – but only four lenders are offering them, and only one on new purchases. A total of 62 per cent of landlords described themselves as ‘interested’ in the loans, which reward them for making their properties more energy efficient, according to research by mortgage … Read more
My partner and I are finally buying a new home with more space and a garden, having struggled in our one-bedroom flat during lockdown. We are in the fortunate position of being able to buy without having to sell and we have therefore decided to keep our flat as an investment and rent it out. … Read more
Overseas buyers purchasing property in England and Northern Ireland are now subject to a 2 per cent stamp duty surcharge. The new tax introduced from 1 April will mean international buyers will pay an additional amount equivalent to 2 per cent of the purchase price. The new surcharge will work alongside the 3 per cent … Read more