According to estate agency Savills, landlords in the UK are experiencing their lowest profits in 16 years due to the rising interest rates, prompting some to consider exiting the buy-to-let sector.
We have already had five full months of 2023 to look at what may be happening in the Wellingborough property market, so these are my findings from the ZooplaPro data.
May was the month when the Renter’s Reform Bill was introduced to Parliament. The Government has a deadline to keep as it wants the contents to become law before the next general election, which has to happen by 28thJanuary 2025.
Life has got more expensive for the majority of us and a review of finances is frequently needed to ensure we’re balancing the books. This is especially true for landlords who, for the first time in many years, will find mortgage rates have doubled since they last looked at home loans.
A new report from Propertymark highlights a growing concern for Scotland’s private rental sector. The report suggests that the Scottish National Party’s rent controls and eviction ban policies, implemented in alliance with the Scottish Green Party, are causing problems in the sector.
The inflation figures released today could have an effect the Bank of England’s thinking on the next interest rate decision.
Inflation did actually go down to 10.1% in March from February’s 10.4%, but most economists had expected this to drop to 9.8% by now.
Making a ‘house a home’ is a saying that applies to everyone, including tenants, but there is often confusion over what a renter can do to a property in terms of DIY and decorating. In this blog, we explain how a tenancy agreement will provide clarity, and we’ll suggest a number of ways to personalise a rental property without making permanent changes.
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