NLA: Finance is main threat to private landlords

The main obstacle for private landlords in the UK is the "lack of available mortgage finance", according to spokesperson for the National Landlords Association (NLA), Steven Hilton.But if those involved in the buy-to-let sector can adapt to the market conditions, they will be able to make a success of their business, he stated.Although the fundamentals [...]

Consumers envisage further property price drop

People in the UK still believe property prices are set to drop in the next six months, according to the Nationwide Building Society.The financial services provider's Consumer Confidence Index for April indicated that the general public predicts the cost of housing will drop two per cent in the coming half-year period.Although the calculation is for [...]

Nationwide releases latest property price update

Private landlords considering adding to their property portfolios may be encouraged to splash out on new homes after prices reportedly dropped this month.Nationwide Building Society's latest housing figures indicated that there was a 0.4 per cent drop on the level recorded one month ago.This comes after the financial services provider revealed a surprise hike in [...]

Hometrack releases latest house price figures

Private landlords looking to buy or sell properties in England and Wales may be interested in the latest house price figures from housing intelligence group Hometrack.According to the firm's most recent survey, the price of bricks and mortar dropped at the lowest rate for more than a year this month.The research suggests that 32 per [...]

Private landlords ‘expanding portfolios’

It is "no surprise"that private landlords are looking to expand their property portfolios, according to one industry expert.Chris Jenkins, manager at Clarity Commercial, suggested that landlords are considering the "long-term demand for good quality rental properties", which has occurred as many first-time buyers continue to be unable to afford homes of their own.People in [...]

Landlord advice offered by NLA chairman

The latest dose of landlord advice has come from the National Landlords Association (NLA) chairman David Salusbury.According to the landlord services group representative, those who rent out their properties need to ensure they assess their portfolios and analyse how they can make rents more competitive.Doing this is particularly important when the marketplace is as tough [...]

Landlords advised to research local markets

Private landlords planning a property purchase should research their local markets and consult with letting agents over which homes are performing well, an expert has said.Miles Shipside, commercial director at estate agents Rightmove, suggested that oversupply could be emerging as a problem for the private-rented sector after many sellers switched to renting rather than opting [...]

Stamp duty ‘should be abolished’

An estate agent has called for stamp duty on houses to be "completely wiped out".Founder and managing director of Wimbledon-based SW19 Luke Bennett is spearheading a campaign against the tax.He said the duty, which can reach as much as £9,000 or £10,000 on a one or two bedroom flat in London, should be scrapped."In the [...]

Accidental landlords accept status quo

Many people who turned to the lettings market because they could not sell their property are now changing their approach.According to Cluttons, lots of homeowners who wanted to sell chose to rent out their house in the short term in the hope the market would recover within a few months.However, there has been no sign [...]