Buy to let news
Rising Rents Boost Buy To Let
Landlords have been able to hike rents thanks to strong demand from would-be buyers deserting the sales market.
With rental income on the rise yields, which have been hovering around the six per cent mark for several years, grew by 0.1 per cent over January to reach 6.3 per cent, their highest level since March 2006.
A [...]
HMRC launches crackdown on buy to let landlords
HM Revenue & Customs has launched a crackdown on the buy to let market, doubling its efforts to track down amateur landlords who are not paying tax on earnings from their second property.
This week, HMRC sent hundreds of letters to individuals who it believes may not have declared their buy to let properties on their [...]
Repossessions Offer Buy To Let Opportunities
The buy to let sector is receiving a boost from the increasing number of properties being repossessed in the wake of steady interest rate rises. A growing number of people are offloading properties at bargain prices to stop repossession, and savvy investors are cashing in.
The Bank of England has increased the bank base rate five [...]
Landlords seeking advice in record numbers
The National Landlords Association (NLA) has revealed it received a record number of calls from landlords seeking advice during 2007.
The NLA Advice Line, offering free advice during business hours to member landlords, received an average of 2,600 calls per month last year on a wide variety of topics. Throughout the year this amounted to over [...]
Buy to let mortgage purchases up 5 per cent in January
A mortgage broker has revealed buy-to-let purchase mortgages taken out in January increased by over 5 per cent compared to December 2007. In December 2007 buy to let purchase mortgages were at 39.53 per cent, this increased to 44.54 per cent in January 2008.
The broker’s January best buy mortgage tracker’s figures reveal that the buy [...]
