Take advantage of our discounted landlord insurance ratesRental supply and demand both at record heightshttps://t.co/O3iYg4MoPs
— Mortgage Strategy (@MortgageStrat) September 29, 2020
Tuesday, September 29, 2020
Rental supply and demand hit record heights
Monday, September 28, 2020
Movers more likely to buy than FTBs
Take advantage of our discounted landlord insurance ratesMovers 'more likely to buy than first-time buyers' https://t.co/w6boJ7giMl
— BBC Business (@BBCBusiness) September 27, 2020
Is the housing market likely to bust?
Take advantage of our discounted landlord insurance ratesMore on housing market outlook from @GeorgeNHammond My prediction is prices to plateau and transactions to fall. No meltdown though - the sorts of people buying/selling homes are not the people likely to lose their jobs. Lots of homes are bought for cashhttps://t.co/qtaNMrzEyt
— Jonathan Eley (@JonathanEley) September 27, 2020
Commercial property - unpaid rents warning
Take advantage of our discounted landlord insurance ratesProperty companies warn that if they do not receive rent, they cannot pay the interest on their debt and could end up in the hands of bondholders https://t.co/2UwYZ7EvTr
— Times Business (@TimesBusiness) September 28, 2020
Home movers to overtake FTBs in 2020
Take advantage of our discounted landlord insurance ratesHome movers to overtake first-time buyers in 2020 as Covid impacts demand – Zoopla - https://t.co/6siwUYLz5C First-time buyers are set to be outnumbered by home mov... pic.twitter.com/e5ZmmmROMe
— Mortgage Solutions (@mortgagesols) September 28, 2020
Saturday, September 26, 2020
Stamp duty holiday pushing up prices
Take advantage of our discounted landlord insurance ratesHow the stamp duty holiday and other government wheezes push up house prices https://t.co/Ywe6mObAhR pic.twitter.com/EWjkJzBwc5
— MoneyWeek (@MoneyWeek) September 25, 2020
Friday, September 25, 2020
Minimising student HMO Covid risk
Take advantage of our discounted landlord insurance ratesWith #students across the country moving in to house shares, what advice can be given to tenants on minimising the risk of #coronavirus in HMOs? Check this out https://t.co/yvAykVwvE1
— NRLA - National Residential Landlords Association (@NRLAssociation) September 24, 2020
Why have house prices shot up since the 1990s?
Take advantage of our discounted landlord insurance ratesWhy have house prices in England shot up since the 1990s? – video explainer https://t.co/SHoP9Qfl1p
— Guardian video (@guardianvideo) September 24, 2020
Thursday, September 24, 2020
Repossessions could take 18 months
Take advantage of our discounted landlord insurance ratesLandlord repossessions could take 18 months following resumption – Irwin Mitchell - https://t.co/70lYvk06Vd Landlords may face an 18 month wait to take... pic.twitter.com/ms2SSOLWF7
— Mortgage Solutions (@mortgagesols) September 24, 2020
Monday, September 21, 2020
Eviction cases resume after 6 month ban
Take advantage of our discounted landlord insurance ratesRenters: Eviction cases resume after six-month ban https://t.co/kQLaKLzKV6
— BBC Business (@BBCBusiness) September 21, 2020
A boost to buy-to-let activity
There are encouraging signs in the buy-to-let market that it is making a recovery since the housing marketing opened up at the beginning of May with the return to visual inspections in England. Since then we have seen a flurry of activity from lenders as they reassess their buy-to-let mortgage propositions in response to greater demand and competition. This has resulted in more products being offered, better rates, higher LTVs,increased maximum loan sizes and many other criteria tweaks that reflect the growing confidence among both lenders and landlords.
There are other factors that have come about as a result of Covid-19 that may also help the buy-to-let sector to rebound and provide a boost to mortgage business for intermediaries. The temporary change to stamp duty on properties valued up to £500,000 was predicted to create a surge in buy-to-let purchase applications and there is evidence that this has started to happen since the measure was announced in July.
At our business, since the end of July, the percentage of enquiries about mortgages for buy-to-let purchases has risen to around 72 percent compared with just below 50 per cent during the month of June. This is a significant change and indicates a renewed level of purchase activity from landlords. A recent poll carried out by Cherry, a mortgage adviser forum, showed that over half of brokers had experienced increased buy-to-let business with nearly 30 per cent reporting an increase in individual purchases and 27 percent reporting an increase in limited company purchases.
There is clearly a pent-up demand from landlords who may see now as the perfect time to expand their portfolios and take advantage of good opportunities with more properties available on the market and vendors eager to make a deal. The pandemic situation has also curbed people’s spending and provided an opportunity to save over the last 5-6 months, savings which could now be used as deposits for new property investments. With savings rates so low – around 40 per cent of easy access accounts are earning 0.1 percent or less - investing in property may be an even more attractive option; Halifax reported an average rise in property values of 1.6% in the month of July.
As the coronavirus remains in the UK and as the economy tries to recover, the number of income and job losses has been staggering and the damaging effect on many people’s livelihoods is hard to witness. It is difficult to predict how the next 6 months will unfold and what new job opportunities will develop for those looking for work. It may result in people becoming more mobile and perhaps relocating to new areas to gain employment. This could increase demand for rental accommodation from new tenants including those who don’t want to commit to purchasing property in a different area.
Covid-19 has had a dramatic effect on UK workplaces with an increasing number of staff working from home. This trend may become the new norm as businesses recognise the potential benefits of home working. This may also impact on the type of properties that tenants require – perhaps seeking extra rooms to accommodate a home office.
What is clear is that as we recover from the impact of the pandemic, tenant demand for rental property remains strong and that landlords are keen to grow their property businesses.
Property Hawk Mortgages is here to help you make sense of all your buy-to-let mortgage options and to offer our experience and expertise to support you in finding the right product to meet your needs.
Wednesday, September 16, 2020
Foundation pulls two-year BTL products
Take advantage of our discounted landlord insurance ratesFoundation pulls two-year BTL productshttps://t.co/Na6znma7oc
— Mortgage Strategy (@MortgageStrat) September 15, 2020
Average FTB home rises 2.9%
Take advantage of our discounted landlord insurance ratesPrice of average FTB home rises 2.9 per cent – Barrows and Forrester - https://t.co/RNNnkGrlss House prices for both first-time buyers and the wider market increased by 2.9 per c... pic.twitter.com/0xl9VLFUbn
— Mortgage Solutions (@mortgagesols) September 16, 2020
London rent controls will be a disaster
Take advantage of our discounted landlord insurance ratesNEW: As Sadiq Khan seeks powers to introduce rent controls in London, the NRLA is warning plans would be a disaster for tenants looking for a home to rent, with landlords and housing experts having warned of the unintended consequences. https://t.co/HDB3zkhnzR
— NRLA - National Residential Landlords Association (@NRLAssociation) September 16, 2020
Latest UK Property Price Index
Take advantage of our discounted landlord insurance rates🏠 June 2020 UK House Price Index: The average #propertyprice is now £237,834 in the #UK🇬🇧. Monthly UK #HousePrices rose 2.7% between May and June 2020 https://t.co/LnjPkjoREw pic.twitter.com/dbqstZDU0N
— HM Land Registry (@HMLandRegistry) September 16, 2020
Bucks reintroduces ex-pat BTL
Take advantage of our discounted landlord insurance ratesBuckinghamshire reintroduces ex-pat BTL product https://t.co/ObAcSmpbUc
— Mortgage Introducer (@MortgageChat) September 16, 2020
Tenant has cost £57k - eviction ban
Take advantage of our discounted landlord insurance ratesArticle in the @Telegraph about the desperate situation one landlord is facing right now. The moratorium on evictions MUST lift at the weekend. https://t.co/CliA4XJdD4 Use our tool to easily Write to Your MP.
— NRLA - National Residential Landlords Association (@NRLAssociation) September 16, 2020
10th annual Gas Safety Week
Take advantage of our discounted landlord insurance ratesThis week marks @GasSafeRegister's 10th annual Gas Safety Week, designed to raise awareness and promote the importance of taking care of gas appliances.
— Savills (@Savills) September 16, 2020
We explore what landlords are legally responsible for when it comes to the safety of their tenants: https://t.co/NNhNVXWLdY pic.twitter.com/MC2G32p7nI
Tuesday, September 15, 2020
How no-deal Brexit will affect mortgage rates and house prices
Take advantage of our discounted landlord insurance ratesHow no-deal Brexit will affect mortgage rates and house prices - @jeremyleaf @FinanceForensic comment in the Telegraph with thanks to @MelissaLawford https://t.co/BZL7hdXz6M
— Melanie Bien (@melaniebien) September 15, 2020
Number of homes sold within a week at highest level in 10 years
Take advantage of our discounted landlord insurance ratesNumber of homes sold within a week at highest level in 10 years: https://t.co/9tqiVI9O6q
— Homes & Property (@HomesProperty) September 15, 2020
Monday, September 14, 2020
No DSS is now illegal
Take advantage of our discounted landlord insurance ratesNo DSS is now illegal - https://t.co/sJKHee2Dmm #landlordlaw pic.twitter.com/ZI5HapwDIj
— Tessa Shepperson (@TessaShepperson) September 14, 2020
Majority of London’s ‘upsizing’ renters leaving
Take advantage of our discounted landlord insurance ratesMajority of London’s ‘upsizing’ renters leaving: Hamptonshttps://t.co/eQIXLvKxrF
— Mortgage Strategy (@MortgageStrat) September 14, 2020
Thursday, September 10, 2020
Londoners on the move
Take advantage of our discounted landlord insurance ratesSince Covid-19, we have seen changes in the way people think about their work-life balance. Our latest research reveals how this is influencing the decisions of four types of #London buyer.
— Savills (@Savills) September 10, 2020
Read more: https://t.co/pJJ20a3cRb pic.twitter.com/Sz0Pfcd2fk
‘No DSS’ discrimination ruled unlawful
Take advantage of our discounted landlord insurance rates‘No DSS’ discrimination ruled unlawful for second time https://t.co/ttVHW75wx2 #ukhousing pic.twitter.com/vfq9alDAPi
— Inside Housing (@insidehousing) September 10, 2020
Should student landlords repurpose property
Take advantage of our discounted landlord insurance ratesWith fewer students looking for rental accommodation due to COVID-19, should student landlords be looking to repurpose their properties? https://t.co/wQS7SWUJNk pic.twitter.com/Bu7ZDdiDsg
— Hamilton Fraser Total Landlord Insurance (@TotalLandlord) September 9, 2020
What happens to UK house prices?
Take advantage of our discounted landlord insurance ratesWhat happens to UK house prices once the urban exodus ends? https://t.co/xYhSIqGEs9 pic.twitter.com/HbFCNGNwA2
— MoneyWeek (@MoneyWeek) September 10, 2020
Wednesday, September 09, 2020
'No DSS’ tenants is unlawful discrimination
Take advantage of our discounted landlord insurance ratesSecond court case confirms ‘no DSS’ tenants is unlawful discrimination - https://t.co/DnknVVIWxZ A disabled dad has won his legal trial against housing benefit discrimina... pic.twitter.com/48OOTxwUam
— Mortgage Solutions (@mortgagesols) September 9, 2020
Tuesday, September 08, 2020
Scotlands Tenant Hardship Loan Fund
Take advantage of our discounted landlord insurance ratesLast week the Scottish Government announced a £10 million Tenant Hardship Loan Fund, available from November. But will it be an anchor for those struggling to pay their rent? JRF's @HayDeborah looks at who benefits: https://t.co/dgPdC4htIQ pic.twitter.com/ZFLiFwVV0X
— Joseph Rowntree Fdn. (@jrf_uk) September 8, 2020
Castle Trust unveils new BTL range
Take advantage of our discounted landlord insurance ratesCastle Trust Bank unveils new range of BTL products https://t.co/gDmHVYPWf6
— Mortgage Introducer (@MortgageChat) September 8, 2020
FTB fund could push out renters
Take advantage of our discounted landlord insurance ratesThe proportion of under 35s who own their own home has dropped from 65% to 27% since the 1990s, according to government figures. | @melyork https://t.co/Qu3AVMX6md
— Times Property (@TimesProperty) September 8, 2020
Friday, September 04, 2020
Green Homes Grant vouchers
Take advantage of our discounted landlord insurance ratesLandlords will be able to apply for Green Homes Grant vouchers from the end of September. In this blog NRLA policy officer Gavin Dick explains more about the scheme, how landlords can check if they will be eligible and how to apply. https://t.co/JJhVm4rGEe pic.twitter.com/EabnbL7jSE
— NRLA - National Residential Landlords Association (@NRLAssociation) September 4, 2020
Enforcement action on leasehold mis-selling
Take advantage of our discounted landlord insurance ratesUnfair practices have no place in our housing market.
— Christopher Pincher (@ChrisPincher) September 4, 2020
We asked @CMAgovUK to investigate the #leasehold sector and today they’ve announced enforcement action to tackle abuses such as mis-selling and unfair ground rents. Find out more 👇🏻 https://t.co/fsdKQHi95D
Builders under leasehold investigation
Take advantage of our discounted landlord insurance ratesBuilding giants under leasehold investigation https://t.co/X0Tpn8YLrF
— BBC Business (@BBCBusiness) September 4, 2020
1 in 7 properties sell within a week
Take advantage of our discounted landlord insurance ratesOne in seven properties are selling within a week of going on the market, according to Rightmovehttps://t.co/RzZgT6YBIG
— Telegraph Property (@TeleProperty) September 4, 2020
House purchase lending plummets in Q2
Take advantage of our discounted landlord insurance ratesHouse purchase lending plummets in Q2: UK Financehttps://t.co/Uy1zA5MMwz
— Mortgage Strategy (@MortgageStrat) September 4, 2020
Thursday, September 03, 2020
How are house prices at record highs?
Take advantage of our discounted landlord insurance ratesHow on earth can UK house prices be at record highs right now? https://t.co/JWNLYWOrLx pic.twitter.com/gVsV0CVlPV
— MoneyWeek (@MoneyWeek) September 3, 2020
Wednesday, September 02, 2020
Inaction on cladding tests have left flats unsellable
Take advantage of our discounted landlord insurance ratesInaction on cladding tests have left flats unsellablehttps://t.co/Iol3MHZgYo
— Which? Money (@WhichMoney) August 29, 2020
Tuesday, September 01, 2020
Leaseholder scam - fake cladding inspections
Take advantage of our discounted landlord insurance ratesLeaseholders are being duped into paying thousands of pounds to fraudsters faking cladding inspections forms. Scammers have forged the names and signatures of real chartered surveyors to pass or fail buildings.
— Which? Money (@WhichMoney) August 31, 2020
⟶ https://t.co/VimEoGgNy9 pic.twitter.com/REYaX0E6PB
Government needs to back landlords
Take advantage of our discounted landlord insurance ratesMinisters must introduce interest free, government guaranteed hardship loans for tenants to pay-off COVID related arrears, and must guarantee possession cases will resume from 20th September. NRLA Chief Executive @BeadleBen writes in @Telegraph today https://t.co/hB5HtsYwOT
— NRLA - National Residential Landlords Association (@NRLAssociation) September 1, 2020
Landlords call for Scottish Govt help
Take advantage of our discounted landlord insurance ratesNEW: Landlords are calling on the Scottish Government to provide direct financial support to tenants struggling to pay the rent | @conor_matchett https://t.co/EBcNlXYUEb
— The Scotsman (@TheScotsman) September 1, 2020
Why are we punishing landlords?
Take advantage of our discounted landlord insurance ratesLandlords are the bedrock of the property market, so why are we punishing them?, writes @laurendavidson https://t.co/n1EKKtQrWG
— Telegraph Money (@MoneyTelegraph) August 28, 2020
Updated Govt guidance on Covid
Take advantage of our discounted landlord insurance ratesThe Government has published updated, non-statutory guidance for landlords, tenants and local authorities on Covid-19 https://t.co/cODlxOucLw
— NRLA - National Residential Landlords Association (@NRLAssociation) September 1, 2020
Landlords could be hit with 45% CGT
Take advantage of our discounted landlord insurance ratesLandlords could be hit with 45 per cent CGT – reports - https://t.co/grnl31CWTx Chancellor Rishi Sunak is mulling an increase in Capital Gains Tax (CGT) that would level it with the higher rate... pic.twitter.com/5SzL20pdhh
— Mortgage Solutions (@mortgagesols) September 1, 2020