Buy-to-Let (BTL) mortgages are an essential part of the UK's Private Rental Sector (PRS) and provision of rental homes across the country. As demand for PRS lets remains high, investors in the market are well-placed to take advantage of the widest range of BTL mortgage products in almost 15 years.
As pets remain popular among people living across the UK, Build-to-Rent (BTR) developers are increasingly offering pet friendly homes to potential tenants. With the Private Rental Sector (PRS) typically considered to less fond of pets, this finding in recent research that almost 50% of BTR openly welcome pets is sure to be good news for many tenants in the lettings sector.
It's no secret that the past 18 months have been testing for the UK's lettings industry but now, even as government rental reforms are being finalised it’s becoming clear that the future success of the sector will require a mixture of the old and the new. Industry experts and professionals have recently shared their plans and views highlighting that while there's a clear appetite from all involved for more technologically driven options, the use and redevelopment of existing properties is also essential in the provision of rental homes.
The UK government's 2025 EPC target for the residential rental sector remains in place.
The UK government and Ministry of Justice have launched a new online tool designed to help landlords and tenants understand their rights and responsibilities in relation to repairs.