At the start of the year, Paragon - the specialist buy-to-let mortgage lender - predicted that of the landlords planning to purchase property in 2020 nearly a third (31%) planned to purchase HMOs.
"UK house prices rise at fastest rate since 2016, says Nationwide" and "Will house prices crash? Plunging valuations fuel fears". These are two headlines from The Guardian and The Times less than a month apart.
Our main focus at Vesta is the health and safety of our customers, their tenants, our partners and our teams, so we are closely monitoring advice from the UK Government and the World Health Organisation as it evolves over time.
There have been a lot of talks between Government ministers and industry associations and stories of a host of proposed new rules around how the property market - both sales and lettings - will need to operate in the short- to medium-term.
With days getting shorter and temperatures dropping there are a number of things that can go wrong at a property during the cold winter months. It is therefore a good idea to check your property is in good order before the first cold snaps, giving you and your tenants peace of mind.
This week we have a new government with a mandate and a very clear majority. There is now clarity in the haze that is Brexit – well at least we now know which path we are headed, and the foundations are starting to be set.
As you will be well aware, the UK property market has continued to face significant headwinds over the past couple of years, which has subdued house price growth (including negative growth in certain parts of the UK, notably London and parts of the South East) and has resulted in fewer property transactions.
What are the experts’ thoughts on the property market in light of the political uncertainty, the ongoing Brexit saga and more recently talk of the UK sliding into a potential economic recession?
The Christmas period can be an opportune time for landlords, but it’s not without its challenges. While you rely on your tenants to keep your property safe and secure many of them may be spending significant time away from home.
A House of Multiple Occupation (HMO) is a property where rooms are rented out individually to un-related people, rather than renting out a dwelling on a single tenancy, such as to a family or couple.
A House of Multiple Occupation (HMO) is a property where rooms are rented out individually to un-related people, rather than renting out a dwelling on a single tenancy, such as to a family or couple.
You may have been thinking of becoming a landlord and trying your hand at property management, but some of the recent headlines about the buy-to-let bubble bursting have you thinking twice. But there is no need to worry. Despite the difficulties facing landlords over the last few years, the buy-to-let market seems to be recovering and the future is looking positive.
Whether the tenant has a written agreement or not, a tenancy will have been formed as far as the legal position is concerned, and the default position is the Assured Shorthold Tenancy (AST).
Landlords are mostly quietly optimistic that he will prove to be an ally and perhaps even reverse some of the damaging policies and legislation of the Conservative party that has been introduced over the past 5 years.
