Declining Neighbourhoods Causing Problems for Landlords
Landlords may unwittingly find themselves purchasing property in less desirable areas and facing challenges in securing tenants, as highlighted in a recent report by Victoria Whitlock in Homes and Property. Whitlock shares her difficulty in attracting families and professionals to rent her recently acquired property in Grimsby. Initially attributing the struggle to the flat needing […]
Lenders Give Out Fewer Mortgages to Buy-to-Let Landlords Amid New Rules
A recent Daily Mail report highlights a decline in mortgages granted to buy-to-let landlords over the past year. The combination of new tax regulations and stricter mortgage rules has resulted in fewer individuals securing mortgages for buy-to-let properties. The government, aiming to facilitate first-time buyers in entering the property market, has implemented various regulations to […]
Landlords are currently divesting themselves of 3,800 buy-to-let properties on a monthly basis.
A Ministry of Housing report indicates a substantial surge in the number of buy-to-let properties hitting the market, and this trend shows no signs of abating. Many landlords are grappling with challenging circumstances, struggling to generate satisfactory returns from their buy-to-let investments. Consequently, a growing number are opting to minimize their losses by listing their […]