Rental growth rises by a third from 1.8% in 2016 to 2.4% in 2017 London goes from having the slowest rate of rental growth in England to the fastest Proportion of homes bought by a landlord drops to 12.5%, a nine year low Number of homes on the rental market in 2017 was 4% lower … Read more
July’s countrywide lettings index shows that rental growth slowed across every region of the country. London recorded the first annual drop in rents for six years, falling by 0.5 % over the past 12 months. . Rents in London 0.5% lower than in July 2015 . Stock surge sees the number of homes available to … Read more
The latest Countrywide Lettings Index shows that in the three months after the introduction of the new stamp duty surcharge (Q2 2016), landlord purchases accounted for only 8% of all homes bought, the lowest proportion since 2010 and 5 percentage points lower than the same period last year.
What’s more, the right approach can also minimise issues, allowing you to enjoy your free time without worrying about your rental investment.
According to Countrywide’s Monthly Lettings Index for May, the average cost of renting a one-bedroom home in Great Britain accounts for 48% of the post-tax income of an average young full-time worker. This compares to 45% in 2007. Rents have increased 27% since 2007 outpacing a 16% growth in incomes.
With the new Right to Rent Scheme launched on 1st February 2016, Landlords are now required by law to check any potential immigration status before granting a tenancy. Failure to do so can result in fines of up to £3000.
The recent September issue of Landbays Rental Index has reported an annual rise in rental prices in the UK of 3.9% for one bedroom properties. The report suggests the reason for such growth is down to the huge increase in demand from graduates looking to live near their first job.
Whether you are a veteran landlord or an aspiring one, there are lots of things to consider when becoming a landlord. By being one of the ‘good guys’ you have an opportunity to create loyal tenants, that will renew their contracts with you, look after your property and help you get the most out of your investment.