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Tuesday, October 20, 2020

Priorities of tenants in Scotland are changing

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Govt pledges 95% mortgages for FTBs

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1000 home development evacuated

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Average asking prices reach £323,530

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Wales back to 'emergency repairs only'

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Santander raises BTL rates

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Property market warning signs

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Leaseholders will have to pay some cladding costs

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Monday, October 19, 2020

What’s happened to BTLs since COVID-19?

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New rules on viewings in Welsh properties

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Can we buy a property in unequal shares to rent out?

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Tenant demand soars to 4-year high

Tenant demand hit a four-year high during the third quarter of 2020, with landlords in the North West and South West reporting the strongest levels of growth, new research carried out on behalf of Paragon Bank has revealed.

A survey of over 700 landlords, conducted by BVA BDRC, found that 29% of landlords reported rising tenant demand during the three months to the end of September, the highest level since the third quarter of 2016. One in 10 landlords reported significant growth.

However, the survey showed a clear regional variance in tenant demand. Demand is currently growing most strongly in the North West and South West where almost half of landlords saw a growth (44%), followed by the East Midlands (40%).

Central London, however, recorded weaker tenant demand, with just 16% of landlords seeing growth in the last 3 months. Outer London was slightly stronger, with a quarter of landlords recording rising demand in this area.

Richard Rowntree, Paragon Bank Managing Director of Mortgages, said: 

“The record levels of tenant demand we saw being reported by the likes of Rightmove and Zoopla when the housing market reopened in May has started to feed through to landlords as tenants reassess where and how they want to live.

Central London is clearly seeing the impact of Airbnb style landlords moving property into long-term lettings, as well as a desire for larger properties. Outside of London, demand is buoyant from the East of England, where 27% of landlords are reporting growth in demand, to the North East and South West, where nearly half of respondents are telling us they are seeing positive growth.

We expect this to continue for the foreseeable future and there’s a number of factors we’re seeing at play. For example, there’s been growth in homeowners taking advantage of strong prices and selling to move into rented, people are looking to secure a new home ahead of entering a potential second lockdown, whilst students left it late to secure property for the new academic year.”

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Wednesday, October 14, 2020

Record rents: Rightmove Rental Data

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Scottish Model Private Residential Tenancy Agreement

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Where have asking prices increased the most since 2010?

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Monday, October 12, 2020

PRS landlords expect bad Covid impact

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Mortgage rates on the climb

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BofE questions banks over negative rate

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Wales Tenant Saver loan scheme

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Landlords turn gloomy

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41k homes could get built on London rooftops

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Cheapest markets struggling to get tenants,

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Thursday, October 08, 2020

Govt plans for expanding homeownership

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Buyers look to country and coast

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Market buoyancy likely to be short-lived: RICS

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Welsh Tenancy Saver Loans scheme

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Stamp duty cuts saved buyers £108m

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Wednesday, October 07, 2020

Mortgage approvals at 12-year high

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July 2020 UK House Price Index

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Tuesday, October 06, 2020

House prices are rising globally - why?

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More funds for cladding leaseholders

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1 in 4 PRS tenants struggle in lockdown

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Renters feel unsafe during lockdown

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Ban for landlord who glued locks

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The changing London BTL market

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Monday, October 05, 2020

Recommendations on possession reform Bill

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ARLA PRS Report for August

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Tips for sustaining a tenancy

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