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Get set for a buy to let mortgage famine, warns lender


By Simon Thompson
 
     
Rising costs on wholesale money markets are throttling buy to let and HMO mortgage lending, according to the latest borrowing figures. The availability of loans is shrinking month by month, with lenders running out of money mainly because of the Eurozone debt crisis. Mortgage approvals for March plunged to 43,450, the lowest level for more than a year, claim surveyors e.surv. The figure is 11% down on mortgage approvals for February and 7% below May last year. Bridging lender West One’s Mark Abrahams explained the lack of mortgages is a trend and not a one-off event. “Lenders have reported a fall in mortgage credit for the first time since spring 2010, due mainly to the increasing funding costs, which looks set to last well into the summer. High street banks have reported an increase in demand for mortgages this year, but have admitted they won’t be able to cater for it,” he said. “Buy to let lending will fall with loans on cheap properties without kitchens or bathrooms hit hardest despite sky high demand. Brokers should take heart that this should fuel the bridging sector: it will encourage more investors to use bridging loans to finance projects. “The ratio of residential lending to commercial lending has been increasing steadily year on year in favour of residential, reflecting the increasing demand from buy to let investors for bridging finance. Some 84% of all loans in 2011 were to residential investors, compared to 77% in 2010. These figures suggest that is set to increase again this year.” First time buyers and borrowers with low deposits are suffering most from mortgages drying up. Only 10,428 loans approvals were agreed on property worth up to £125,000 in March, down from 12,247 in February, while just 4,432 loans went to buyers with a deposit of 15% or less, compared to 5,829 in February.
 
 
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Locations where the UK's most vulnerable landlords reside are revealed
 

The UK's most vulnerable landlords are to be found in Chichester, research has revealed.

The findings from Gatehouse Bank show that landlords in the city are facing 269 days, on average, without a tenant in their property.

The study set out to find wh

     
Posted by on 14/08/2018 15:21:19
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ls media turning landlords away from private rental housing?
 

Research has revealed that growing numbers of landlords are becoming increasingly unhappy with the negative portrayal of landlords on TV.

Despite providing homes for millions of tenants, two in three landlords say they have been demonised by TV shows which is for

     
Posted by on 14/08/2018 15:07:58
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Landlords urge ambition for Government energy efficiency targets
 

The government needs to be more ambitious in pushing its energy efficiency agenda for the UK's rental housing, landlords say.

All new and renewed private sector tenancies since April have required that the rental property has an Energy Performance Certificate rat

     
Posted by on 14/08/2018 14:41:43
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What Students Seek
 

Our friends at Glide Student, glide.co.uk know what makes students tick. In the best tradition of successful student businesses, Glide was set up by James Villarreal who was a student himself at the time.

As the business has evolved they have st

     
Posted by on 01/08/2018 16:45:27
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Rents Set To Rocket By 15%
 

Rents set to rocket by 15%

Because landlords are being squeezed by the government and many are deciding to sell up, rents could rocket over the next five years by 15%, one organisation is warning.

The Royal Institute of Chartered Surveyors (RICS) sa

     
Posted by on 31/07/2018 17:04:47
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Finance Firm Reports 30% Rise In Company Landlords
 

Finance firm reports 30% rise in company landlords

There has been a big rise in the number of company landlords incorporating their portfolios between the first and second quarters of this year, a finance firm says.

Thistle Finance, a specialist pac

     
Posted by on 31/07/2018 16:50:10
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Landlords Face A 'Serious Issue' With Rent Arrears
 

Landlords face a 'serious issue' with rent arrears

Landlords are facing a ‘serious and real issue’ if rents continue to rise and tenants fall behind with rent payments, one organisation warns.

Estate agency RentalStep says landlords should begin tak

     
Posted by on 31/07/2018 16:47:48
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The Best Buy To Let Hotspots Revealed
 

The best buy to let hotspots revealed

The best places for buy to let investors to focus their attention have been revealed as Luton and Colchester by one BTL index.

The analysis by LendInvest looks at 105 postcode areas to determine which of

     
Posted by on 26/07/2018 10:26:27
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Drop In But-to-let Investors Hits London's House Prices
 

Drop in BTL investors hits London's house prices

A collapse in the number of buy to let investors in London is being blamed for falling house prices.

The Land Registry’s index for house prices reveals that London has seen its l

     
Posted by on 25/07/2018 17:12:44
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Five Year Mandatory Electrical Checks For Landlords
 

Five year mandatory electrical checks for landlords

It will become mandatory for electrical checks to be carried out every five years for all landlords in the private rental sector, it has been revealed.

This is just one of the comp

     
Posted by on 25/07/2018 11:38:11
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More UK students than ever are applying for university
 

Despite rising fees, there has been a substantial rise in university applications across Britain, meaning that more young people than ever are heading off to university.

The main findings of increased applications point to a definite increase and were taken and d

     
Posted by on 20/07/2018 10:31:17
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From cradle to grave: are millennials set to rent for the rest of their life?
 

With more and young people not expecting to get themselves onto the property ladder until their 30s, it looks like more millennials are heading down the route of renting, with many set to continue in the renting sphere for many years.

Home

     
Posted by on 10/07/2018 10:13:54
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With university costing thousands, are maintenance student loans unrealistic?
 

A recent study by Accommodation for Students has revealed that two thirds of students have more than one form of income, meaning that thousands of students around the country are now working jobs on top of their degree just to support themselves.

     
Posted by on 09/07/2018 14:24:46
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Studying Abroad: Why it is so popular?
 

According to a report by Accommodation for Students, there are 207 million higher education students worldwide, a figure that has more than doubled since 2010.

Of

     
Posted by on 09/07/2018 11:21:06
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Only 32% of students think their degree is good value for money
 

The annual AFS Student Lifestyle Survey explores key characteristics of students’ life at university including course satisfaction, finances, social life and eating habits. In 2018, the survey also included questions about equal opportunities, diversity an

     
Posted by on 12/06/2018 17:29:15
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Landlords offload 4,000 BTL properties a month
 

Spiralling landlord costs has led to nearly 4,000 buy to let properties being sold every month last year, official figures reveal.

It's the first drop in the number of rental homes being available in the UK for 18 years.

The figures are contained in a Ministry

     
Posted by on 12/06/2018 10:22:11
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Buy to let is set for 'massive surge'
 

Despite the gloom over the UK's buy to let sector, landlords are being encouraged that the market will surge over the next seven years.

Research from estate agency Hamptons International says that despite anti-landlord legislation increasing rec

     
Posted by on 31/05/2018 09:27:43
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AFS Website Update
 

We have continued to make further enhancements to www.accommodationforstudents.com over the last few months, resulting in significant improvements to the user experience and ultimately,

     
Posted by on 21/05/2018 16:19:33
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The Glide guide to maintaining a positive relationship with student tenants.
 
The first step to developing a good relationship with your student tenant is understanding what they are looking for from the accommodation. For a number of years, Glide have surveyed landlords and students and used these results to enhance our understanding
     
Posted by on 21/05/2018 15:01:55
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Landlord and Letting Agent Survey 2018
 

Since 2013, AFS have regularly conducted the Landlord and Agent Letting Survey trying to achieve a complete picture of how landlords and letting agents view the student. accommodation market. In early 2018 we conducted a further survey among our registered

     
Posted by on 21/05/2018 12:59:23
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Labour pledges a ‘living rent' for tenants
 

The Labour Party is pledging to introduce a ‘living rent’ for tenants that will be at one third of the area's local average income.

This will make the homes dearer than renting social housing but cheaper than renting from a private landlord.

T

     
Posted by on 14/05/2018 16:26:17
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Tenants attracted ‘by cost and not location’ of property
 

Landlords are being urged to forget the old adage of ‘Location, location, location’ and instead focus on rent costs.

According to Dlighted, the most important factor for tenants who are choosing a rental property is not where it is located

     
Posted by on 10/05/2018 11:41:54
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The best areas for rent growth revealed
 

For those landlords wondering where the best and worst areas in England for rental growth are, then a new survey has revealed all.

Landbay says that the average rental property grew by 0.64% in England in the 12 months to April.

With rents fall

     
Posted by on 09/05/2018 14:18:59
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The latest Buy to Let hotspots revealed
 

The best buy to let property investment hotspots in the UK have been revealed and it appears that the Midlands offers the best opportunities.

According to LendInvest, the property finance experts, the Mid

     
Posted by on 18/04/2018 16:42:44
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Rent to Right scheme slammed by Government inspector
 

The flagship government Right to Rent scheme which compels a landlord to check the immigration status of their potential tenants has been criticised by a government inspector.

David Bolt, the Borders and Immigration’s independent chief inspector,

     
Posted by on 12/04/2018 10:29:03
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Rental deposits could be capped at five weeks' rent
 

The government says that rental deposits being charged to tenants should be capped at five weeks’ of rent.

The Housing, Communities and Local Government committee has been struggling to find an acceptable level for deposits that are demanded from

     
Posted by on 09/04/2018 10:47:18
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Record low rates for buy to let five-year mortgages
 

The rate for an average five year fixed buy to let mortgage has fallen to 3.43%, a figure not seen since last October, data reveals.

The Moneyfacts website says this drop in rates is down to lenders wanting to attract potential borrowers who are consid

     
Posted by on 22/03/2018 13:23:08
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The north is 'best to invest' in property
 

The Northwest of England is offering buy to let landlords the best opportunities of increasing yields, says one vital specialist.

Sequre Property Investment says that the latest index from Hometrack highlights that the UK’s house price inflation

     
Posted by on 22/03/2018 11:22:46
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Northern Powerhouse highlighted as a global property investment hotspot
 

The future potential of the Northern Powerhouse has been highlighted as a global property investment hotspot for property investors.

Property investment firm IP Global has carried out research by analysing the world's leading property investment market

     
Posted by on 22/03/2018 11:13:16
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New housing watchdog will target rogue landlords
 

The government is to create a new housing watchdog that will tackle rogue landlords over the state of home repairs.

The watchdog will have the power to resolve disagreements between tenants and landlords and also the ability to name and shame those who

     
Posted by on 15/03/2018 14:24:17
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Number of accidental landlords on the rise
 

There has been a big rise in the number of accidental landlords over the last three years, say researchers.

The findings from estate agents Bairstow Eves reveal that growing numbers of those who are currently letting a property had previously tried to

     
Posted by on 14/03/2018 15:10:48
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One in three landlords looking to expand portfolios
 

A third of property professionals and landlords in the UK are looking to expand their portfolios this year despite a growing number of challenges, a survey reveals.

The bridging finance firm MTF says that 33% of landlords in the buy to let sector are l

     
Posted by on 14/03/2018 15:09:01
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AFS Website Update
 

As part of our ongoing upgrade of www.accommodationforstudents.com we are currently focusing on improving the highest traffic areas of our website. The latest improvement is the launch o

     
Posted by on 09/03/2018 15:57:24
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Buy to let investors 'unload properties'
 

Growing numbers of buy to let investors are starting to unload their properties, according to NFU Mutual.

The financial advice firm made the announcement after analysing the tax receipts in January and found that the Treasury raked in £5.5 billio

     
Posted by on 07/03/2018 15:42:47
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The Benefits of Bills Inclusive
 

Over the last five years www.accommodatoinforstudents.com have worked closely with Glide, a company that specialise in shared bills for students.

During this period, the proportion of properties advertised

     
Posted by on 06/03/2018 15:16:44
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'No DSS' landlords could be breaking the law
 

Landlords who say they will not accept DSS tenants in the private rental sector may be breaking the law.

The news comes after a recent legal case when a single mother won compensation from her letting agency after winning her claim for sex discriminati

     
Posted by on 06/03/2018 11:21:29
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Landlords warned - prepare for more regulation
 

Landlords in England are being warned that they should prepare for more regulation after the government published a consultation.

The warning comes from Tim Miles who is a partner at law firm Clarke Willmott.

He says that the Government is cons

     
Posted by on 28/02/2018 16:22:18
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Top University Cities
 

One of the key criteria for a thriving student accommodation market in a city is a successful University.

The better the reputation of the University, the more likely the student population is to grow and increase the demand for accommodation. T

     
Posted by on 20/02/2018 11:10:38
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What are students looking for from accommodation?
 

Student habits can change pretty quickly and what was once a new trend can quickly become an established feature of a dynamic market.

For this reason www.accommodationforstudents.com

     
Posted by on 07/02/2018 11:21:00
Read More

     
2017 Rent Reviews
 

As part of our ongoing programme of research we regularly review rents. We do this by using the rental data from our website as well as from external sources.

This year we have reviewed rents across private housing, private halls and univer

     
Posted by on 31/01/2018 10:49:58
Read More

     
Landlords are increasingly unwilling to accept universal credit tenants
 

A big rise in the non-payment of rent in those areas where universal credit has been introduced has been predicted.

The National Landlords’ Association (NLA) says that universal credit will lead to a decrease

     
Posted by on 16/01/2018 12:12:59
Read More

     
Landlords: How to winter-proof your properties
 

With the recent cold snap comes advice to help landlords winter-proof their properties in a bid to protect them from plunging temperatures.

The offering from Simple Landlords Insurance is to help landlords avoid a

     
Posted by on 16/01/2018 12:09:56
Read More

     
New minimum HMO room sizes for landlords revealed
 

Following on from the government’s announcement for a national mandatory HMO licensing scheme, comes news of new minimum room size requirements for HMO rental properties.
The government says this will help reduce the issues of over-crowding and also deal with po

     
Posted by on 12/01/2018 15:22:36
Read More

     
Research reveals that 2017’s rents fell in real terms
 

The rents being paid to landlords in all parts of the UK fell in real terms during 2017, research suggests.

The findings from HomeLet reveal that rents in November rose by 0.7%.

That's the 11th straight month that rent increases have fallen beh

     
Posted by on 12/01/2018 15:12:34
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Landlords can now receive Universal Credit directly
 

Moves by the Government to change Universal Credit so direct payments for a tenant's rent can be made to landlords more easily have been welcomed.

The Residential Landlords' Association (RLA) has been campaigning for the move since the introduction of

     
Posted by on 12/01/2018 14:56:54
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Tax relief worth billions still available for landlords
 

Despite the recent changes to the tax relief system, buy to let investors can still enjoy around £16.7 billion worth of tax relief, say researchers.

The revelation from estate agents ludlowthompson points to the fact the money is available over t

     
Posted by on 12/01/2018 14:54:16
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UK's student accommodation sector will continue strong growth in 2018
 

The provision of student accommodation in the UK will continue to grow through 2018 after a record-breaking 2017, says one real estate firm.

Cushman & Wakefield has carried out research that reveals 30,000 bed

     
Posted by on 12/01/2018 14:41:47
Read More

     
Tenants are put off by misleading property adverts
 

Most tenants say they have been deterred from renting a property because of misleading property adverts or having a bad experiencing when viewing one, according to research.

The findings from online letting agency Upad reveal that 80% of tenants say th

     
Posted by on 14/12/2017 09:23:32
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Landlords more willing to let to Universal Credit claimants
 

Landlords are apparently increasingly willing to rent their properties to Universal Credit claimants but say the government needs to address their concerns.

Research carried out by the Residential Landlords’ Association (RLA) reveals that 36% of

     
Posted by on 14/12/2017 09:21:40
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Draft Tenant fees Bill
 
On the 1st of November 2017, the government published the draft tenant fees bill. You can read the full document here https://www.gov.uk/government/publicati
     
Posted by on 17/11/2017 11:27:16
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