UK landlord sentiment worsens amid gloomy outlook
UK landlord sentiment is weak right now as they expect taxes and regulations to get worse over the next three years. If you’re a landlord yourself then its likely these worries aren’t new for you and the fact that more Buy-to-Let (BTL) landlords are increasingly concerned about them is probably one of the main reasons why investment into rental homes is currently stalled.
New information matrix from TDS and ARLA aims to simplify tenant fees ban
The Tenancy Deposit Service (TDS) and ARLA PropertyMark have created a new information matrix to help simplify all the details of the new tenant fees ban for letting agents and landlords, as some confusion over the new rules remain. This is a particular problem for landlords and letting agents who operate in both England and Wales where there are some differences in the rules.
Brexit effect on UK property prices positive for overseas and expat investors
The Brexit effect is something that many people living in the UK continue to struggle with, regardless of their view on what should happen. Afterall, years of uncertainty and disagreement aren’t easy for anyone to cope with. However, while the UK’s property market has stalled a little and people are more cautious over buying or investing in property, for overseas buyers, Brexit uncertainty has made this a more attractive and potentially profitable market for them.
Repossessions among Buy-to-Let properties surge 40%
The number of repossessions of Buy-to-Let (BTL) properties surged in the third quarter of 2019 compared with a year earlier, while the number of BTL properties in mortgage arrears stood at a little below 5,000. The combination of increases in repossessions and still relatively high arrears is far from a positive development for the UK’s Private Rental Sector (PRS) as it means there are potentially fewer rental homes available for the still rising number of tenants searching for one.
New regulations for landlords in Wales could land before Christmas
A list of new regulations for landlords renting homes to tenants in Wales could be put into place by December 13th, this year. The Welsh Assembly has created a new regulation that means landlords must show prospective tenants a pretty lengthy list of requirements before they can request they pay a holding deposit.
Accord and Vida cut BTL mortgage rates
Lenders Accord and Vida have both altered the criteria of some of their Buy-to-Let (BTL) mortgage ranges while also making some reductions to their mortgage interest rates. These changes and reductions are likely in order to help stimulate demand among BTL investors at a time when investment in the PRS isn't growing as fast as it has, or even as it could, considering the still high level of demand among tenants.