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  • 40 per cent of landlords will increase rents in 2015 | Mortgages for Business
    6788 Share News Insight 40 per cent of landlords will increase rents in 2015 29 12 14 Written by Steve Olejnik Four in ten landlords are planning to increase their rents over the course of the next year a new survey has claimed Research carried out by SpareRoom co uk a site that specialises in advertising shared houses revealed that 40 per cent of landlords intend to ask for higher rents from their tenants in 2015 Some 27 per cent of those questioned say they will raise rents by three per cent or more while 13 per cent are set to increase their prices by less than three per cent Over half 55 per cent believe they will not make changes to their rents with a small number two per cent claiming they will actually lower prices by less than three per cent and a further three per cent said they will reduce their rents by more than this amount Director of SpareRoom co uk Matt Hutchinson commented on the findings highlighting the setbacks landlords are expected to face over the coming 12 months He explained that while the majority of landlords generally do everything they can to hold onto good reliable tenants those facing increased mortgage repayments and interest rates rise may have little choice but to cover the extra cost by passing it onto renters That could have serious implications for a rental market already reaching crisis point and there s no contingency plan he said Finding the money For the tenants involved rising rents could lead to difficulties unless the situation is handled appropriately The survey found that over half of those living in rented accommodation 56 per cent said that if they were required to pay just 40 extra per month then they would be forced

    Original URL path: http://mortgagesforbusiness.co.uk/news-insight/2014/december/40-per-cent-of-landlords-will-increase-rents-in-2015/ (2016-02-16)
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  • Minor rental price increases predicted for 2015 | Mortgages for Business
    Finance Bridging Short Term Finance Residential Mortgages About Meet the team Our approach Awards Testimonials Careers Contact us 0845 345 6788 Share News Insight Minor rental price increases predicted for 2015 24 12 14 Written by Steve Olejnik A forecast analysis from Belvoir Lettings has predicted that a number of factors will contribute to static or low rental increases next year It cites low disposable incomes expected interest rate rises anticipated economic development and uncertainty over the general election as reasons behind the forecast Dorian Gonsalves Director of Commercial and Franchising at Belvoir said that after seven years Belvoir offices that have traded consistently have witnessed little or no growth although there have been dips and rises over this period Rents have risen year on year in most areas which reflects tightened stock levels against high demand and better economic performance that allows tenants to afford higher rents However there is a suggestion of a north south divide affecting prices as areas like Yorkshire the North West and East Midlands have seen falls year on year Gonsalves believes that from a sales and property price perspective there was a continued recovery of the property market this year but this was mainly driven by activity in London and the South East In terms of next year he said that 2015 will be new territory for predictions So far the recession and recovery in the house price market has virtually mirrored what happened in the 1990s but back in 2000 mortgage rules and regulations were more relaxed Expanded lending allowed prices to spiral and in summer 2014 mortgage restrictions changed and stronger powers were given to the Bank of England to control lending Talk of this and the end of buyers pent up demand from the recession has meant price rises recovery

    Original URL path: http://mortgagesforbusiness.co.uk/news-insight/2014/december/minor-rental-price-increases-predicted-for-2015/ (2016-02-16)
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  • Investors from London buying northern properties | 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 Investors from London buying northern properties 23 12 14 Written by Jeni Browne London rental investors are purchasing more and more buy to let properties in northern England New research from Sequre Property Investment has revealed that over one in three 35 per cent of buy to let investors buying in the North are actually based in Greater London In total 61 per cent of investment comes from people based somewhere in the South East The director of the company behind the study Graham Davidson said that the buy to let market in northern regions especially in hubs like Manchester and Liverpool is now being driven mainly by funds coming in from the capital and the South East He continued to explain how investors have been benefiting from massive house price growth in the South in recent years which has led to equity in their homes and buy to let portfolios soaring He also stated that buyers are now looking towards the north of the country with the intention of making new investments that will ensure strong rental returns particularly as there is some uncertainty about the future of the London market at present Better prospects in the North The research also revealed that the average gross yield for properties in Manchester is 8 per cent in comparison to just 4 5 per cent in central London The average two bedroom home in a northern city costs around 90 000 compared to the huge 300 000 average price tag seen in London Out of all the investors buying properties in

    Original URL path: http://mortgagesforbusiness.co.uk/news-insight/2014/december/investors-from-london-buying-northern-properties/ (2016-02-16)
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  • Property prices shift to more sustainable growth | Mortgages for Business
    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 Property prices shift to more sustainable growth 22 12 14 Written by Steve Olejnik This November saw an improvement in total returns for landlords in both England and Wales representing a positive shift towards sustainable growth Taking into account growth in prices and void periods between tenants before expenses including mortgage repayments and maintenance annual returns on the average property are up by 12 8 per cent since last November The average landlord in England and Wales receives an annual return of 21 512 before deductions with rental income accounting for 8 305 and average capital making up 13 207 David Newnes director of Reeds Rains and Your Move said that property prices have now shifted to a more sustainable pattern and that this can only be a good thing for landlords Rental income is also steady he added with average gross yields hovering just above their long term 5 average for over a year now He believes that this makes buy to let something of a haven from the insecurity seen in other investments although careful attention to detail local knowledge and financial understanding are always vital ingredients needed to realise the best possible return on any investment Improving employment prospects could tackle rental arrears As of November 2014 7 5 per cent of all rent was in arrears compared to 6 9 per cent in October and 6 6 per cent last November Despite the slight deterioration seen in November rent arrears are still considerably lower than in previous years when they peaked at 14 6 per cent in February

    Original URL path: http://mortgagesforbusiness.co.uk/news-insight/2014/december/property-prices-shift-to-more-sustainable-growth/ (2016-02-16)
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  • Rent prices in England and Wales drop for first time in eight months | Mortgages for Business
    6788 Share News Insight Rent prices in England and Wales drop for first time in eight months 19 12 14 Written by Steve Olejnik Landlords across England and Wales lowered their rent charges recently representing the first time that rents have fallen on a monthly basis in as long as eight months Between October and November this year average rent prices reduced by 0 2 per cent and stood at just 786 per month in November Landlords appear to be trying to avoid having vacant properties on their portfolios as we make our way through the colder months of the year and the findings come from the latest buy to let index put together by LSL Month versus year Despite the recent monthly drop rents have actually grown quicker than inflation on an annual basis In comparison with November 2013 this November s rents were up 2 per cent in England and Wales which is an increase of 1 per cent in real terms Director of estate agents Reeds Rains and Your Move David Newnes shared his views on the findings by saying that not only are wages rising higher than they were a year ago while inflation rates are falling rapidly but rent rises are also cooling down He said that for those tenants still reeling after five years of financial pressure a more affordable rental market is another welcome boost Mapping the rent drop trend Out of the ten UK regions five have experienced lower rents during November than they did in October a trend led by the South East which saw a drop of 2 1 per cent This is followed by a 1 2 per cent drop in the North West giving them the second highest rental drop and then by the North East where rent

    Original URL path: http://mortgagesforbusiness.co.uk/news-insight/2014/december/rent-prices-in-england-and-wales-drop-for-first-time-in-eight-months/ (2016-02-16)
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  • 10 per cent more rental properties are available on the UK market | Mortgages for Business
    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 10 per cent more rental properties are available on the UK market 18 12 14 Written by Jeni Browne The amount of available rental properties on the UK market has risen by 10 per cent to give landlords plenty of positive news as the year draws to a close New research by the Association of Residential Letting Agents ARLA has shown that the number of people purchasing buy to let homes has surpassed those selling during the current quarter a reverse in the trend witnessed over the previous three quarters At present ARLA agents manage an average of 148 properties which is an increase from the average of 135 in the previous quarter and equivalent to an approximate increase of 10 per cent There has also been a rise in the number of landlords investing in buy to let homes growing from 27 30 per cent Heading towards a balanced market Managing Director of ARLA David Cox commented on the survey s findings by saying the market is showing promising signs of taking small steps towards obtaining a better balance between supply and demand this quarter or that it is at least easing slightly He recognised that there is still a way to go before the market is completely balanced out but was fairly positive about the current forecast The research also revealed that the number of rental properties returning to the market has been on the rise after attempts to resell have failed Incidents of this nature rose for the second quarter in succession and now account for 24 per cent of all rental homes coming back on the market Beginning to

    Original URL path: http://mortgagesforbusiness.co.uk/news-insight/2014/december/10-per-cent-more-rental-properties-are-available-on-the-uk-market/ (2016-02-16)
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  • Confidence in buy to let will mean high investment for 2015 | Mortgages for Business
    About Meet the team Our approach Awards Testimonials Careers Contact us 0845 345 6788 Share News Insight Confidence in buy to let will mean high investment for 2015 17 12 14 Written by Steve Olejnik Research from specialist buy to let business Platinum Property Partners has shown that there is high confidence in the buy to let market heading into the New Year This confidence is set to encourage major investment by UK property investors in 2015 42 per cent of the landlords taking part in the survey said they believe interest rates will only rise by less than two per cent Despite the fact that any rise in interest leads to more expensive buy to let prices 43 per cent of landlords are hoping to expand their portfolios of rental properties in the coming year with 14 per cent intending to buy two or more properties during 2015 Landlords with Houses in Multiple Occupation HMOs for young professionals and key workers are the most ambitious as over half 52 per cent plan to purchase more properties and 14 per cent expect to add three to their existing portfolio The research also reveals that landlords remain confident about capital growth and feel sure that house prices will continue to grow over the next five years 49 per cent predict property prices in the UK will rise by up to 10 per cent over this period another 28 per cent believe we will see an increase of more than 10 per cent HMO landlords were once again the most positive with 43 per cent of this group forecasting property price growth of over 10 per cent and none anticipating a decrease between now and 2020 Growth projected throughout New Year Chairman of Platinum Property Partners Steve Bolton commented that whilst a

    Original URL path: http://mortgagesforbusiness.co.uk/news-insight/2014/december/confidence-in-buy-to-let-will-mean-high-investment-for-2015/ (2016-02-16)
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  • Landlords favour intermediaries when sourcing buy to let | Mortgages for Business
    team Our approach Awards Testimonials Careers Contact us 0845 345 6788 Share News Insight Landlords favour intermediaries when sourcing buy to let 16 12 14 Written by Jenny Barrett Latest research from specialist buy to let mortgage lender Paragon Mortgages has shown that intermediaries are the most popular choice for investors when it comes to buy to let finances Paragon has been conducting the Private Rented Sector Trends survey for over 20 years tracking patterns in landlord confidence and views on the buy to let market The most recent results revealed that during Q4 over a third of landlords 36 per cent preferred to source their buy to let lendings exclusively from intermediaries This means an increase of six per cent over the last three months and is up from the 30 per cent of landlords who held this preference in Q3 During the final quarter of 2014 23 per cent of landlords said they preferred to find buy to let finance directly from lenders and another 23 per cent sourced them via a combination of intermediaries and lenders falling from 28 per cent who did the same in Q3 Large scale versus small scale landlords Landlords with five or more properties known as large scale landlords were more likely to favour sourcing all of their buy to let funds from intermediaries In fact 40 per cent claimed this to be true compared to only 23 per cent of small scale landlords However small scale landlords owners of up to five properties were almost twice as likely to source their buy to lets directly from a lender 35 per cent Almost two thirds 60 per cent of the landlords questioned also said that intermediaries provided a valuable service in finding the best buy to let deals available with a mere

    Original URL path: http://mortgagesforbusiness.co.uk/news-insight/2014/december/landlords-favour-intermediaries-when-sourcing-buy-to-let/ (2016-02-16)
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