BTL Mortgage Choice Expands as Product Hits 25th Anniversary
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.
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BTR Landlords Welcome Pets in Their Lets
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.
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BTR Sector More Affordable Than PRS
As a new 440-unit Build-to-Rent (BTR) development is announced, a separate study has found that amid claims by some that the sector is expensive for renters, it is actually more affordable than the Private Rental Sector (PRS). While the BTR segment remains relatively niche with the majority of the developments available in just 20 English cities, on a rent-to-income basis, it is considered affordable by certain standards set by the Office for National Statistics.
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Complaints About Letting Agencies Rise in 2020
The year 2020 was a difficult one for many, including in the lettings industry, with recent research showing that complaints against letting agents rose from 2019.
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Government Funding Should be Offered to Help Rental Sector Achieve EPC Target
The UK government's 2025 EPC target for the residential rental sector remains in place.
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Halifax Calculates Most Affordable Cities for Property Purchase
As UK house prices have surged during the past few months, spurred on by the stamp duty holiday and pent-up demand following lockdown, some potential landlords might find it a struggle to find the right area or city for investment.
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New Government Covid Rent Arrears Fund Welcomed, But May Not Be Enough
Following months of pressure from various bodies representing landlords and tenants, the UK government has provided new funding for local authorities across England to support tenants who have fallen into arrears due to the effects of the Covid-19 pandemic. The £65 million fund will be allocated via local councils to ensure vulnerable people living in rental accommodation will not end up homeless this winter due to financial problems related to the pandemic.
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Property Bodies Warn Over Government Benefit Cut Plans
As the UK begins to enjoy some normality after 18 months of Covid-19 fears and restrictions, the government is continuing to withdraw financial support from a variety of areas.
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PRS Tenant Demand Hits Record High in July
As more typical activity returns across the UK, a recent industry survey shows that demand from tenants for homes in the private rental sector (PRS) surged in July 2021 to the highest level on record.
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Rental market bounces back in 2021
While the property sales boom has been one of the surprise success stories of the past year and a half, the overall strength of the rental market has been less clear. Reports and news stories have tended to focus on particular issues like arrears or evictions, rather than getting a sense of whether the private rented sector is in a better or worse position than it was in 2019. However, a few recent studies have tried to shed a bit of light on this.
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Rents Rise as Detached Properties Retain Popularity Despite Low Supply
Two separate reports show that rents have risen in recent months as demand for property in the lettings market remains high. The data suggests the recovery in demand for rental homes has continued over the third quarter of the year with one stating it expects demand to remain strong and push rents higher.
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Student Rental Demand Seen Recovering in the 2021-22 Academic Year
With expectations growing that learning will be more 'normal' in the coming academic year, data suggests that demand for university housing will post a strong recovery from the patchy 2020-21 performance.
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