Landlords have been buying more properties in the last quarter according to a recent survey. The Association of Residential Letting Agents (ARLA) quarterly survey revealed a “bounce back” in the buy-to-let market.
The British love affair with property investing has been very evident over the past decade and despite a tougher market, those looking to get into the market should beware of easy buy-to-let deals and still make sure their investment meets a strict checklist, or dreams of property riches may turn into financial disaster.
If you fall behind with your mortgage repayments and cannot catch up again, you could eventually lose your home. But you can take steps to protect yourself against this risk by taking out Mortgage Payment Protection Insurance (MPPI).
This checklist is an introduction to buy-to-let highlighting the types of questions you should be asking yourself before buying a property to let out. It is not intended as an exhaustive list, merely an introduction for new buy-to-let investors, to a range of issues they should consider before entering the residential lettings market for the first time.
There are a lot of costs involved in renting a home. Some may be quite obvious but some you may not have thought about. Here are some useful tips to help your move go as smoothly as possible.
The Home Information Pack (HIP) is
being blamed for “stunting market recovery” according to estate agents. The National Association of Estate Agents (NAEA) in a recent survey reported that of its members, ten per cent of agents believed the number of sellers would double if HIPs were suspended.
The Housing Minister John Healey recently announced £1.7bn funding to build 11,200 new homes and regenerate 10 of the most deprived areas of the country. Ten local authorities in six regions are to receive the cash under the housing private finance initiative (PFI) in order to allow them to deliver 4,500 new or improved council homes and 1,600 new affordable rented homes.
The value of residential development land has stabilised across most UK regions after five negative quarters according to Knight Frank’s Residential Land Index.
If you are having difficulty meeting your mortgage repayments or are worried it may become a problem in the future, here is some information which may help you.
There has been a mixed reaction to the latest statistics monitoring take-up of the government’s mortgage rescue scheme. Some reports have focused on the low number of households that have taken up an offer under the scheme. So far, only six households have done so, although more than 5,300 have embarked on the first stage of approaching a local authority to inquire about mortgage rescue.