The Buy-to-Let (BTL) mortgage product has bolstered the sector ever since it’s introduction in 1996, spearheaded by the Association of Residential Letting Agents (ARLA).
With the demand for rental property on the increase and the sales market experiencing a significant rise in mortgage applications, lockdown hasn’t been a deterrent for buyers and renters determined to make a change.
In his Summer Statement today, the Chancellor Rishi Sunak said that millions of people are moving onto Universal Credit because of the Coronavirus pandemic and the UK Government will double the number of Work Coaches in Job Centres.
Read the assured advice provided by Warwickshire County Council Trading Standards Service based on questions around buy-to-let investment opportunities and marketing properties on behalf of developers.
Latest data has revealed an overall slowdown in mortgages despite the stability in the buy-to-let market with an expected further growth of 1 per cent in the next quarter.
Martin Roberts, Homes Under the Hammer presenter says the amount of auction lots is decreasing thanks to Brexit, making his job harder.
Less than a third of landlords would add to their buy-to-let portfolio over the next 12 months, research claims.
ARLA Propertymark have commented on the recent article released by the Telegraph highlighting the implications faced by investors who let properties away from their local areas.
Landlords must assess and control the risk of exposure of tenants to legionella to ensure the safety of their tenants, but this does not require an in-depth detailed assessment.