Fall in affordable new builds

Affordable starts were 21% of the overall total last year. Compares to nearly 50% back in 2009. pic.twitter.com/AJd83z4ZMf

— Paul Wellman (@PaulWellman_EG) August 8, 2016

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Homelet sees small rise in average rents

Homelet's Rental Index have published their data from July. 

It shows rents are still going up, but increases are slowing.

• Average UK rent (excluding Greater London) is now £779 per month, up 2.3% over the year.
• Average London rent is now £1,599, up 4% over the year.

 Homelet's Martin Totty comments -

“Ultimately, rents will be determined by supply and demand in the private rental sector; what we know here is that population growth will continue to increase demand, and that the housing stock isn’t growing quickly enough to meet that demand. However, with rents ultimately limited to a tenant’s ability to pay, rents are likely to continue to climb, albeit at the slowing pace noted most recently.

We won’t know exactly how Brexit is impacting the private rental sector and it will be several months yet until we see some clearly established trends in the marketplace. Expect to see some interesting insights from the HomeLet index in the months ahead. It seems likely that with lenders concerned about the prospect of falling house prices, loans to value in the mortgage market are going to become less generous, which may see more people turn to the rental sector rather than buying a property.

However, it’s possible we may also see renewed interest in the London rental market as foreign investors seek to pick up investment property to make the most of the big exchange rate advantage following the fall in the pound. We may also see foreign investment increase outside the capital, in other cities across the UK. This coupled with recent figures showing that the number of people becoming homeowners is falling across the country, the demand for rental accommodation is likely to remain strong.”

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Many families could not afford a months rent if they lost job

Many families could not afford a month's rent if they lost job - Shelter https://t.co/CCksjaDMDW

— National Housing Fed (@natfednews) August 9, 2016

1 in 3 families are a month's pay from losing homes. The @guardian on how precarious the situation is for millions: https://t.co/dZV4zUWnRM

— Shelter (@Shelter) August 9, 2016

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Buying a beach hut

As I sit, waiting for the sun to re-appear from yet another large cloud, this popped up.

Beach huts: learn more about buying a piece of British summertime: https://t.co/9W2AOYFl8C pic.twitter.com/u6354lZcAQ

— Savills (@Savills) August 9, 2016

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How to fill out a tenancy agreement

One of the responsibilities of being a landlord is having to fill out an array of landlord forms and letting documents.  A pain but it has to be done.  That's why Property Hawk has produced a number of simple guides on how to fill them out.

How to fill out a tenancy agreement? 

Filling out a tenancy agreement doesn't have to be time consuming.  By following out straight forward guide a landlord should be able to complete and download this crucial legal document and then fire it straight off to be printed or approved by the tenant.  Simple.  The guide also takes you through the 8 steps of filling out the tenancy agreement using our online property management system along with all the required fields.

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Our most popular BTL mortgages

Max LTV	Initial Rate	Term	Completion fee	Booking fee	Incentives	Lender
85%	4.99% Discount	2 Years	2.5%	£130.00	No	Kent Reliance
80%	2.89% Discount	2 Years	0%	£0.00	No	Hanley Economic Exclusive
80%	3.5% Fixed	2018-11-30	£1499	£150.00	Free Valuation	Mortgage Trust Exclusive
75%	2.59% Fixed	2018-11-30	£1999	£150.00	Free Valuation	Mortgage Trust Exclusive
75%	2.69% Discount	2018-08-31	£1299	£0.00	Free Valuation (on properties up to and including £500,000)	Newcastle Building Society
75%	2.95% Fixed	2018-08-31	0%	£0.00	Free Valuation (on properties up to and including £500,000. ) Newcastle Building Society will pay for some of the legal fees for the re-mortgage including the basic professional fee and standard disbursements. The basic fee payable does not include a Telegraphic Transfer Fee (£30) where this fee is applicable and any non standard work such as but not inclusive too : Assured Short hold Tenancy Checks, Transfer of Equity, Removing Second or Subsequent Charges and Completing electronic Identification Checks.	Newcastle Building Society
75%	2.95% Fixed	2018-11-30	£1499	£150.00	Free Valuation and free standard legal services (other fees may apply).	Mortgage Trust Exclusive
75%	3.49% Fixed	2 Years	1.5%	£100.00	No	Axis Bank
75%	4.09% Fixed	2021-10-31	£1999	£125.00	No	Foundation Prime
75%	4.59% Fixed	5 Years	2%	£100.00	No	Axis Specialist
65%	3.55% Fixed	2019-10-31	£1499	£150.00	No	Paragon Premier Ltd Company

 

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