House & Gavel
Landlord

Repossessions among Buy-to-Let properties surge 40%

The number of repossessions of Buy-to-Let (BTL) properties surged in the third quarter of 2019 compared with a year earlier, while the number of BTL properties in mortgage arrears stood at a little below 5,000. The combination of increases in repossessions and still relatively high arrears is far from a positive development for the UK’s Private Rental Sector (PRS) as it means there are potentially fewer rental homes available for the still rising number of tenants searching for one.

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Rent Guarantor Dec 06, 2019
House
Landlord

Accord and Vida cut BTL mortgage rates

Lenders Accord and Vida have both altered the criteria of some of their Buy-to-Let (BTL) mortgage ranges while also making some reductions to their mortgage interest rates. These changes and reductions are likely in order to help stimulate demand among BTL investors at a time when investment in the PRS isn't growing as fast as it has, or even as it could, considering the still high level of demand among tenants.

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Rent Guarantor Dec 02, 2019
Passport
Landlord

Number of international landlords in the UK's PRS rises

With rental property in the UK in such high demand, it’s interesting to know that the proportion of international landlords who own buy-to-let properties in the UK has risen in the first ten months of 2019. That’s the first time this has happened since 2010 and suggests overseas property investors are taking advantage of a weaker British pound.

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Rent Guarantor Nov 22, 2019