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Many financial institutions are going to invest billions in rental homes and it is expected that this will cause a major expansion in the rental sector in the United Kingdom. Historically, banks and other financial institutions, have avoided getting involved in accommodation provision as they have always worried that the returns are not high and [...]  A recent report by the government has highlighted the importance of the UK having a thriving private rental sector. The housing strategy that is being used by the government currently means that people with low incomes are having to rent houses in the private sector but they are lacking security. Government ministers have said that [...] Those property owners who buy to let have many reasons to be happy the way this sector currently stands. As less and less people find themselves unable to get onto the property ladder, the demand for rented property has soared. Landlords have cashed in on the state of the mortgage market and snapped up many [...] The rental market has been revolutionized by Buy-to-let, driving the standards up and the choices for consumers Paragon Mortgage’s managing director claimed. At the Council of Mortgage Lenders conference today John Heron claimed buy to let is an attractive alternative asset for property investors. As chairman of the conference in his opening speech he said [...] The Government has given their approval to a new initiative which aims to get the property market moving again. The new scheme helps first time buyers through a “rent to buy” system. The Minister of housing and local government, Grant Shapps, has expressed the support of his department to any solutions from the private sector which [...] Instructions to let property rose at the slowest pace since Q2 2005, says the latest RICS Lettings Survey for Great Britain. The slowdown was skewed primarily towards flats as buy-to-let investors expressing caution in the market, reflecting a fall in landlords’ profit margins as a result of rising interest rates. 6% more Chartered Surveyors reported a rise [...] |
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