Buy to let news
Buy-to-let booms in 2008
Landlords pick up the slack from weaker housing market.
Demand for rented accommodation in May has boomed 41% year on year according to new data from an estate agent, a leading UK lettings agent. Lease commencements were up 41% in May 2008 from May 2007. Tenant demand increased month on month as well - the number […]
Government must ‘focus on supply of rental property’
A think tank has called for the government to do more to provide enough rental accommodation to meet soaring demand.
The Centre for Cities (CFC) has claimed that the government has focussed its policies unduly on homeownership and that conversely not enough attention has been paid to ensuring there are enough homes for rent.
This has been […]
Renting property is a good option
The housing market is changing. The days of easy money are over, with lenders no longer offering 100 per cent or more of the value of a home.
Prices are likely to stagnate in 2008 and with mortgages more difficult to come by, renting could be a good option.
The rungs on the property ladder are snapping […]
New CGT rate could help generate extra interest in buy to let
A new single rate of 18 percent Capital Gains Tax for buy to let investors and second home owners will be introduced on 6 April 6 2008, benefiting individuals, trustees and personal representatives.
The current rate is 40 percent for higher rate tax payers who have owned their property for less than three years. Even after […]
Buy to let investors have seen increases in their returns
Buy to let investors have seen increases in their returns during the first quarter of 2008 thanks to the demand for rented accommodation from immigrants, according to the quarterly ARLA Review and Index published today, March 31.
The average return on a geared (mortgaged) investment is 21.7%, up 0.27%, and returns on cash purchases average 10.91%. […]
