Search Results for: landlords selling
-
Latest property news
Demand for rentals grows as number of prospective tenants continues to rise
Demand from prospective new tenants rose for the second month in a row, according to new figures released by ARLA Propertymark.
Read More » -
Latest property news
‘Labour’s Right to Buy would kill off private rented market overnight’
Policy proposal from Shadow Chancellor John McDonnell receives a resounding thumbs down from the property industry.
Read More » -
Latest property news
Fees ban is part of official drive to reduce size of lettings industry, claims TPFG
Unusual claim is made by company's CEO of The Property Franchise Group in its final results for 2018 published yesterday.
Read More » -
Latest property news
Fifth of independent letting agents will disappear by 2020, says Belvoir
The UK's largest franchised estate agency chain Belvoir predicts that there will be 20% fewer independent letting agents by 2020.
Read More » -
Features
Property market snapshot: run put to Xmas
Kate Faulkner says: “Confidence is waning. Brexit is starting not to influence the market, but to influence people’s confidence. As Christmas approaches, unless you have to, why would you move?”
Read More » -
Guest Blogs
Landlord exodus
380,000 landlords plan to reduce their portfolios, says the NLA. Nick Mann, Associate at Seddons, reviews the potential impact.
Read More » -
Features
Does buy-to-let still stack up?
The media says buy-to-let is crashing down, but, says Kate Faulkner, let’s look at the facts and figures.
Read More » -
Latest property news
Belvoir dismisses “sensationalist” media reports of “out of control” rent rises
Belvoir’s new CEO Dorian Gonsalves (pictured below) says recent media reports that rent rises are out of control across the UK are at odds with the experience within his 300+ branch network. Recent commentary by mainstream media on research from the GMB union and the recent Homelet rental index suggested that rents were rising fast and that many renters – particularly in London – are paying more than half of their salary in rent. Gonsalves say prices are instead rising by an average of 2.75%, increases which he says are mirrored by other indexes and the government’s Office of National Statistics (ONS). “Sensationalist media reports that rents are spiralling out of control across the country are at odds with what our offices are reporting, and that other letting agents across the country are currently experiencing,” he says. “However, feedback from our franchisees confirmed that less properties were seeing static rents than in the previous quarter, and more offices experienced rent rises of £25 and £50 per month.” Gonsalves says the Belvoir Rental Index for the second quarter of the year shows that families and professionals are the most likely to experience rent rises, although he says demand from tenants is…
Read More » -
Latest property news
Start of the revival? ‘More people asking for home valuations’
The number of home valuations being requested by homeowners has risen by 26% this spring despite the uncertainty in the market created by Brexit and tomorrow’s General Election. Call answering company Moneypenny logs the calls made to agents via its service and says valuation requests for March, April and June this year increased when compared with the same months last year. “It’s encouraging to see such a large increase in people wanting to book home valuations this spring,” says Samantha Jones, the company’s Commercial Manager. “There was so much activity that affected the property market last year such as the Referendum in June and subsequent changes in Government that people will have been cautious about progressing with sales.” Moneypenny’s figures also appear to show increasing interest among buyers; it says call requesting property detail increased by 9% by the same measure, while calls to book property viewings rose by 8%. “The ‘let’s sit tight’ attitude of last spring is ebbing away as home sellers and buyers return to market,” says Samantha. “The truth is, regardless of political changes, we still get married, divorced, have children and so on. Our needs don’t go away so the market has to move so…
Read More » -
Latest property news
Buy-to-let tax squeeze should be “scrapped” says high profile Tory peer
A former Tory grandee has criticised the government’s recent buy-to-let tax tax squeeze, describing it as “ill conceived”. Former Tory vice-chairman and shadow Vice Secretary to the Treasury Lord Flight (pictured, right) has called for the government to scrap many of the recent taxes on landlords and “provide the support needed to the individuals and small businesses who make up the vast majority of the country’s landlords”. Stifling investment His comments were made on the Conservative Home website over the weekend, in which he also calls for the recent hike in Stamp Duty on buy-to-let purchases and reduction in reliefs to be scrapped because they are “stifling investment, as anyone could have predicted” and catching out “natural Conservative voters”. “The decisions to impose a stamp duty levy on the purchase of homes to rent out, coupled with restricting mortgage interest relief to the basic rate of income tax and the decision to tax a landlord’s turnover rather than profits, are causing many landlords simply not to invest further in much needed new homes to rent; or even to consider leaving the sector altogether,” he says. “The mortgage interest restrictions need to be scrapped, and the stamp duty levy needs also…
Read More »
