Buy-to-Let Mortgage Activity Expected to Rise in 2020
As more new data highlights a pickup in the UK's housing market, a survey suggests that buy-to-let (BTL) mortgage activity is set to gain ground in 2020, with more property investors looking to expand their portfolios. Remortgaging activity is also expected to remain robust, however it appears this renewed appetite to purchase more BTL homes is driving overall positive expectations.
Landlords show more interest in HMOs
Amid fears that more Buy-To-Let (BTL) landlords are considering leaving the Private Rental Sector (PRS) in 2020, comes a new report highlighting a growing interest in investing in Homes of Multiple Occupation (HMOs). The higher potential yields that are typically available from HMO investments suggests that even if some landlords do exit the PRS, there is still the potential for a good Return on Income from the property investment and BTL industry to encourage others to enter the market or expand their portfolios.
Do Britons Want a Completely Digital Home-Buying and Selling process?
As the UK's property tech industry continues to grow, new concepts and ideas that are sometimes already at play in other industries, can take shape. For the estate agency industry, Coadjute wants to introduce a completely, end-to-end digital system for the home buying and selling process in the UK.
The New Decade Begins with Plenty of Change in the Lettings Industry
We're only a few weeks in to 2020 and a new decade, but already, there's been a lot of activity in the lettings market, particularly from a business and management perspective. A number of developments, including plans to create a local Government-led lettings agency, new city-wide rules for planning permission requirements for HMOs and a campaign to more closely regulate the short-let sector, suggest the UK's Letting industry is moving forward to support the growing need for rental homes.
ARLA Plans New Anti-Money Laundering Landlord Resources
As Letting Agents and Landlords face changes from the new, EU Fifth Money Laundering Directive that came into law on January 10th, ARLA Propertymark is planning to make a number of new resources available to agents and landlords to help ensure they are abiding by the updated legislation.
UK's Property Ombudsman Expels Three Letting Agencies
Three letting agencies operating in the UK have been expelled by The Property Ombudsman (TPO) after failing to comply with instructions from the TPO to honour payments, following tenant and landlord complaints. UK letting agents have come under much tougher scrutiny in 2019 and while the vast majority of them work hard to provide a great service for tenants and landlords in the UK, as with all industries there remains a small minority who fail to follow the rules or official advice and instructions.