Rental Figures Are Sky High according to New Census

19 December 2012 Categories: News

Rental Figures Are Sky High according to New Census

The latest national census for England and Wales has shown that the number of people renting residential property has nearly doubled over the last 10 years. The census, completed in 2011, shows that 3.6million properties are now rented – a figure that accounts for around 15% of the properties in England and Wales. Ten years [...]

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Misconstrued Data could be giving Landlords False Hope

18 December 2012 Categories: News

Misconstrued Data could be giving Landlords False Hope

This is the view of the British Property Federation who said recently that the lack of official data relating to the buy to let industry and the rental markets may be giving landlords in some areas a false view of the potential profits they could make.  According to the BPF most of the survey and [...]

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Leeds Building Society Launches Exclusive New Product with 80% LTV

17 December 2012 Categories: News

Leeds Building Society Launches Exclusive New Product with 80% LTV

The Leeds Building Society has expanded their range of buy to let mortgages with a new 80% LTV product, however in order to apply for the new mortgage you need to use their broker partner, TBMC. The new mortgage is highly competitive with up to 80% LTV and a fixed rate of 4.99% until February [...]

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Buy to Let Investors take their Positive Outlook into 2013

16 December 2012 Categories: News

Buy to Let Investors take their Positive Outlook into 2013

The latest research poll conducted by CHL Mortgages has shown that over two thirds of landlords remain positive about the buy to let industry as they move into 2013. Only 4% of the respondents admitted to a negative outlook, meaning that the overall figures for this survey stayed roughly the same as the last which [...]

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1 in 5 Landlords still lack Specialist Landlord Insurance

15 December 2012 Categories: News

1 in 5 Landlords still lack Specialist Landlord Insurance

According to new research conducted by Direct Line for Business, around 20% of landlords still lack specialist insurance for their rental properties. This figure has come down dramatically over the last few years however it still leaves thousands of landlords with potentially huge costs should something go wrong with either their property or tenancy. Saying [...]

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Paragon’s Annual Figures show Buy to Let is Booming

14 December 2012 Categories: News

Paragon’s Annual Figures show Buy to Let is Booming

Figures released by Paragon Mortgages, the buy to let specialist, have shown that the buy to let industry is still growing even though other areas of the UK mortgage industry continue to struggle. Paragon Mortgages, as part of the parent company The Paragon Group of Companies, reported pre-tax profits of £95.5million for the year September [...]

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New Law makes Buy to Let Landlords Liable for Unpaid Water Charges

13 December 2012 Categories: News

New Law makes Buy to Let Landlords Liable for Unpaid Water Charges

Recent amendments made to the Flood and Water Management Act 2010 means that buy to let landlords can now be held partly or fully responsible for their tenant’s unpaid water bills if the landlord fails to inform the water company of the tenant’s full details at the beginning of a new tenancy. Until last month [...]

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Landlords and Tenants turn to more cost effective ways for warmth

12 December 2012 Categories: News

Landlords and Tenants turn to more cost effective ways for warmth

Tenants are increasing becoming aware of their bills with rising costs of electricity and gas. As a letting and estate agents many of the questions we [Urban Sales and Lettingss] are often asked by tenants are based around the costs of the bills in a property and many landlords often ask us about the best [...]

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Paragon Launches Bespoke Service that makes Commercial Mortgage Application Easier

11 December 2012 Categories: News

Paragon Launches Bespoke Service that makes Commercial Mortgage Application Easier

Paragon Mortgages, one of the biggest buy to let mortgage lenders in the country, have launched an online service which will make the application process for commercial mortgages quicker and easier. The new service is aimed at landlords and intermediaries who are looking to secure funding for multiple properties or HMO‘s and is thought to [...]

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Buy to Let Portfolio Growth Slows in Q3

10 December 2012 Categories: News

Buy to Let Portfolio Growth Slows in Q3

New research conducted by BDRC Continental has shown that landlords have slowed the rate at which they have added new properties to their rental portfolios as this year has progressed. Quarter 3 showed a drop of over 30% in terms of new property purchases when compared to Quarter 2, and similarly Q2 showed a drop [...]

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