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  • Buy to let landlords increase their equity as house prices grow | Mortgages for Business
    Let Lending Mortgage Flow Published Research News Insight Buy to let mortgages Commercial Mortgages Property Development Finance Bridging Short Term Finance Residential Mortgages About Meet the team Our approach Awards Testimonials Careers Contact us 0845 345 6788 Share News Insight Buy to let landlords increase their equity as house prices grow 02 03 15 Written by Steve Olejnik UK landlords are putting 15 per cent more equity behind them to purchase new properties as house prices continue to increase Buy to let landlords in the UK are now putting nearly 100 000 into deposits on properties according to the Mortgage Search Tracker from the Mortgage Advice Bureau It means the level of equity being placed has increased by 13 289 in the last year to an average of 99 914 per property Higher cash deposits mean landlords are able to get better interest rates while the average loan to value deal being sought fell from 62 2 per cent to 56 5 per cent Negotiating a better deal The tracker analysed 250 000 monthly product searches that took place in the final three months of 2014 and also revealed that the average property value for buy to let borrowers remained constant throughout that period at just under 230 000 This is marginally less than the 231 000 sought by the average homebuyer and puts landlords in a potentially lucrative position Landlords are in an especially strong position to use their recent equity gains to negotiate a better mortgage deal explained Brian Murphy Head of Lending at Mortgage Advice Bureau House prices have settled into a steadier pattern in recent months but the current low rate environment offers many buy to let borrowers the chance to reassess their finances Buy to let customers are also looking to borrow funds across a

    Original URL path: http://mortgagesforbusiness.co.uk/news-insight/2015/march/buy-to-let-landlords-increase-their-equity-as-house-prices-grow/ (2016-02-16)
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  • Two fifths of British landlords own more than one property | Mortgages for Business
    Published Research News Insight Buy to let mortgages Commercial Mortgages Property Development Finance Bridging Short Term Finance Residential Mortgages About Meet the team Our approach Awards Testimonials Careers Contact us 0845 345 6788 Share News Insight Two fifths of British landlords own more than one property 27 02 15 Written by Jeni Browne UK landlords are continuing to expand their portfolios amidst a thriving property market with 43 per cent owning multiple homes According to the latest Landlords and Tenants Survey from the Property Academy almost half of landlords operating in the UK own at least two properties The results of the survey revealed that over a quarter of UK landlords own three properties or more while a further nine per cent let out six or more rental properties This figure follows the recent Mortgage for Business Property Investor Survey which was carried out in November 2014 and found just 11 per cent of the landlords questioned owned only one property These statistics reflect the current strength of the sector with Romans estate and lettings agent s Investment Manager Ricky Bhurji commenting that it highlights the growth of the buy to let market in particular He went on to say that this positive activity in the market could be a result of investors taking advantage of the prospect of strong returns It suggests that many landlords have consciously opted to grow their portfolio and buy more properties because of the strength of this type of investment he said Twice the benefits Mr Bhurji explained the appeal of the lettings market pointing out that it offers amateur landlords two sources of income monthly rental charges as well as long term capital growth of their property As investment in buy to let properties continued to thrive rental charges across the UK increased

    Original URL path: http://mortgagesforbusiness.co.uk/news-insight/2015/february/two-fifths-of-british-landlords-own-more-than-one-property/ (2016-02-16)
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  • Number of privately rented houses in England doubles in last decade | Mortgages for Business
    Bridging short term finance Case processing BrokerBusiness Case Studies Consulting Buy to Let Lending Mortgage Flow Published Research News Insight Buy to let mortgages Commercial Mortgages Property Development Finance Bridging Short Term Finance Residential Mortgages About Meet the team Our approach Awards Testimonials Careers Contact us 0845 345 6788 Share News Insight Number of privately rented houses in England doubles in last decade 26 02 15 Written by Steve Olejnik As more people choose to rent for longer the number of properties being privately rented in England has grown 19 per cent and doubled over ten years Figures from the English Housing Survey for 2013 2014 have revealed a huge increase in the proportion of rented homes found in the UK alongside numerous other trends and patterns Between 2004 and 2014 the number of rental properties increased by 19 per cent representing a two fold rise Amongst Brits aged 25 to 34 years just 33 7 per cent own a home with a mortgage today a significant drop since a decade ago when well over half 55 6 per cent were homeowners Over the same time period the proportion of this age group living in rented accommodation has soared from just 21 per cent to 48 per cent with 4 4 million households rented privately during 2013 2014 This equates to 19 per cent of all households an 11 per cent increase from 2003 Recent rocketing The recent growth in the number of rented properties in the UK is a relatively new pattern for the market as figures from the 1980s and 1990s show that the proportion of privately rented properties remained consistent at this time at around 10 per cent The sudden surge is down to multiple factors such as the removal of rent controls the assurance of short

    Original URL path: http://mortgagesforbusiness.co.uk/news-insight/2015/february/number-of-privately-rented-houses-in-england-doubles-in-last-decade/ (2016-02-16)
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  • Average rents up 16 per cent in five years | Mortgages for Business
    short term finance Case processing BrokerBusiness Case Studies Consulting Buy to Let Lending Mortgage Flow Published Research News Insight Buy to let mortgages Commercial Mortgages Property Development Finance Bridging Short Term Finance Residential Mortgages About Meet the team Our approach Awards Testimonials Careers Contact us 0845 345 6788 Share News Insight Average rents up 16 per cent in five years 25 02 15 Written by Jenny Barrett Rents in the UK have increased by more than 16 per cent in the past five years the latest Buy to Let Index from Your Move and Reeds Rains has revealed Figures in the latest index show that rents have grown by 16 3 per cent over a five year period The average monthly cost of a rental property in England and Wales stood at 763 in January 2015 which is an increase of 107 from January 2010 During the last half decade annual rent increase has averaged three per cent However when data is adjusted to take into account inflation the real term rise stands at 0 6 per cent year on year In the most recent month on month findings rents actually fell by 0 6 per cent between December 2014 and January 2015 Although on an annual basis average rents in England and Wales were up by 2 8 per cent in January 2015 compared to last year Director of Reeds Rains and Your Move Adrian Gill described the nature and affordability of housing in the UK as transforming before our eyes He said that during the last five years the private rented sector has managed to absorb an unprecedented influx of tenants while rent prices have largely tracked inflation As ever the devil is in the detail but as this growth accelerates even more investment will be necessary for

    Original URL path: http://mortgagesforbusiness.co.uk/news-insight/2015/february/average-rents-up-16-per-cent-in-five-years/ (2016-02-16)
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  • UK rental prices up in first month of 2015 | Mortgages for Business
    short term finance Case processing BrokerBusiness Case Studies Consulting Buy to Let Lending Mortgage Flow Published Research News Insight Buy to let mortgages Commercial Mortgages Property Development Finance Bridging Short Term Finance Residential Mortgages About Meet the team Our approach Awards Testimonials Careers Contact us 0845 345 6788 Share News Insight UK rental prices up in first month of 2015 24 02 15 Written by Steve Olejnik 27 per cent of letting agents reported higher rental charges this January a new report from the Association of Residential Letting Agents ARLA claims The figures show that one in four UK landlords increased the charge on their rental properties between December 2014 and January 2015 and was collected from ARLA members as part of a new monthly report from the organisation On average 27 per cent of licensed lettings agents claimed they had introduced higher rent prices at the start of the year The region with the highest number of increases was the East of England including the towns of Cambridge Bedford and Norwich where 35 per cent of ARLA registered agents declared a rise Wales saw the fewest increases with only 11 per cent of landlords implementing steeper charges Renting remains attractive Managing Director of ARLA David Cox said that as property prices remain high and more rigorous lending criteria for mortgages comes into action renting is more accessible and affordable than buying Due to this the demand for rental property is increasing which impacts the cost of renting and people are willing to pay more to secure their desired property he said If house prices continue to rise in 2015 we expect this trend to continue in the rental sector The ARLA letting agents taking part in the research also reported that it usually takes just five viewings before a

    Original URL path: http://mortgagesforbusiness.co.uk/news-insight/2015/february/uk-rental-prices-up-in-first-month-of-2015/ (2016-02-16)
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  • House price growth extends to UK’s North | Mortgages for Business
    Development Finance Bridging Short Term Finance Residential Mortgages About Meet the team Our approach Awards Testimonials Careers Contact us 0845 345 6788 Share News Insight House price growth extends to UK s North 23 02 15 Written by Jeni Browne Northern areas of the UK are the latest cities to experience house price recovery with values up 7 9 per cent According to the latest cities house price index by Hometrack property values in major northern areas were up by 7 9 per cent between January 2014 and January 2015 On a quarterly basis prices rose 1 1 per cent during Q4 of last year reflecting the slowdown experienced towards the end of 2014 The data shows that the extent of annual growth ranged from 4 1 per cent recorded in Glasgow to 13 6 per cent in London This puts house values at four times the average earnings in Glasgow and 12 times the average earnings in the capital Continuing the recovery Six out of the 20 cities in the study reached post turndown lows two years ago but prices have now risen nine per cent on average and are set to drive growth in the future Property prices are up by as much as 144 000 among cities that bottomed out in 2009 and overall the momentum behind UK growth has shifted towards northern cities like Liverpool and Sheffield and away from those that began to recover in 2009 During the past six years Oxford and London house prices have grown by 55 2 per cent and 42 1 per cent respectively while cities in which recovery only began two years ago saw growth of much higher values equalling between three and six times the average earnings This includes Edinburgh 10 7 per cent Leeds 10 1 per

    Original URL path: http://mortgagesforbusiness.co.uk/news-insight/2015/february/house-price-growth-extends-to-uk-s-north/ (2016-02-16)
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  • Landlord opportunities grow as number of new build properties increases | Mortgages for Business
    Published Research News Insight Buy to let mortgages Commercial Mortgages Property Development Finance Bridging Short Term Finance Residential Mortgages About Meet the team Our approach Awards Testimonials Careers Contact us 0845 345 6788 Share News Insight Landlord opportunities grow as number of new build properties increases 20 02 15 Written by Jenny Barrett The number of new homes being built in the UK has risen by 10 per cent since 2013 presenting landlords with more options to buy to let According to figures from the Department of Communities and Local Government new builds in the UK are at their highest annual total since 2007 The number of starts on new homes reached 137 010 between 2013 and 2014 and the amount in London was the highest seen since 2005 2006 Permission for 240 000 homes was granted between October 2013 and October 2014 and since the end of 2009 a total of 700 000 new homes have been built across the UK More than 200 000 of these have come about since the Government launched its Help to Buy scheme Back on track Housing Minister Brandon Lewis said that the housing industry is back on its legs following the announcement He went on to say that maintaining interest rates at a record low made it a prime time to take out a mortgage something which can also benefit buy to let landlords The Department of Communities and Local Government also looked back to 2008 when the economic crash devastated the house building industry and caused building levels to reduce to their lowest level since the 1920s Since then an increased number of people have managed to get back onto the property ladder with the help of initiatives and low interest rates with high demand for properties prompting developers to build

    Original URL path: http://mortgagesforbusiness.co.uk/news-insight/2015/february/landlord-opportunities-grow-as-number-of-new-build-properties-increases/ (2016-02-16)
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  • Student accommodation provides lucrative opportunity to British landlords | Mortgages for Business
    processing BrokerBusiness Case Studies Consulting Buy to Let Lending Mortgage Flow Published Research News Insight Buy to let mortgages Commercial Mortgages Property Development Finance Bridging Short Term Finance Residential Mortgages About Meet the team Our approach Awards Testimonials Careers Contact us 0845 345 6788 Share News Insight Student accommodation provides lucrative opportunity to British landlords 19 02 15 Written by Jeni Browne UK landlords who rent to university students are performing well in a competitive market with 70 per cent letting all of their properties in the 2014 2015 academic year According to new research landlords are finding themselves competing to attract the rising number of student tenants and reporting successful results In the bi annual survey by specialist student rental website Accommodation for Students a huge 70 per cent of landlords managed to rent all of the properties in their portfolios during the 2014 15 academic year New landlords see the best results Those relatively new to the buy to let market appear to have the biggest successes with 89 per cent of those with three years experience or less finding tenants for each of their rental properties This is compared to 65 per cent of those with five to 10 years experience Among the landlords who didn t quite manage to let all their entire portfolios just under half had found tenants to fill over three quarters of their properties And while experienced property managers may have to redirect their profits into property renovation newer landlords have a better understanding of student expectations when it comes to the quality of their housing Students favoured by landlords Findings from the last Accommodation for Students survey carried out in July 2014 also found that landlords have plenty of confidence in student tenants As much as 68 per cent of the

    Original URL path: http://mortgagesforbusiness.co.uk/news-insight/2015/february/student-accommodation-provides-lucrative-opportunity-to-british-landlords/ (2016-02-16)
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web-archive-uk.com, 2018-01-17