The rise of the suburbs: London has overtaken the rest of the country in sales of £1m homes

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    More than half of properties purchased for over £1m will be sold outside London this year, according to research from mortgage broker Private Finance using Land Registry data. This will be the first time on record and is due to house prices surging in the last 6 years. The research found that between 2011 and 2016 in England and Wales there has been a 195% rise in the number of transactions of home worth more than £1m. It a...READ MORE

  • 5.8 million households expected to be renting privately by 2021

    It is expected that one in four households in the UK will be renting privately by the end of 2021. This is due to house prices accelerating past the growth of wages with both factors putting house ownership out of the reach of an increasing amount of people. 5 million households (21% of the total) are in private rented accommodation and 25% of these are families with children. This is predicted to rise to 5.79m (24%) over the next five years with owner occup...READ MORE

    14 Jun 2017 | Comments
  • Hot Topic: Sharp rise in landlords leaving the private renting sector

    Higher stamp duty costs and the phasing out of mortgage tax relief means there has been a significant increase in the number of landlords exiting the buy-to-let sector, according to a new study.  There was an average of four landlords selling properties per branch estate agents reported in April, up from three in February, new research from the Association of Residential Letting Agents (ARLA) revealed. November 2016, when a ban on letting agent fees was an...READ MORE

    10 May 2017 | Comments
  • One in five rental properties owned by limited companies, according to new study

    New figures have revealed that the proportion of homes let through a limited company reached an all-time high of 20% in the first quarter of the year.  Many landlords have made the switch to owning their buy-to-let portfolios through a company, rather than as a personal asset, due to the phasing out of mortgage tax relief for individual landlords between now and 2020. This largely explains the year-on-year 6% rise in the proportion of homes let by a compan...READ MORE

    19 Apr 2017 | Comments
  • Hot Topic: Young people increasingly giving up on owning their own home

    A growing number of young people are giving up on the idea of ever owning their own home, due to the widening gap between income and house prices, according to a new report. Almost half (48%) of young Brits think that it is now harder than ever to buy their first property, while a quarter of 18-34 year olds think that the only way that they will manage to become a home owner is by inheriting a lump sum. The survey by Halifax into attitudes towards home owner...READ MORE

    19 Apr 2017 | Comments
  • Rents slow as landlords show concern about tenants’ ability to pay

    Rental rises are now running below the general rate of inflation measured by the consumer price index, amid concerns from many landlords that tenants have, or are, reaching an affordability ceiling. Fresh figures revealed that the annual rate of rental price growth hit 0.8% in February, below the general rate of inflation, which is now running at 1.8%. The average rent for a new tenancy starting in the UK in February was £895 per month, up from £888 a year...READ MORE

    8 Mar 2017 | Comments
  • Landlords may need to put up rents by 20% to 30% as a result of tax changes

    UK tenants with private landlords could face potential rent increases of up to 30% as a result of tax changes, new analysis has found. Many critics believe that the recent tax changes, in particular the 3% stamp duty surcharge for those with second properties, are having a negative effect on the supply of rental properties, and are not the neutral non-discriminatory system that the government has suggested.     Re-think needed Professor of financial economi...READ MORE

    22 Feb 2017 | Comments
  • Older home owners to be offered incentives to downsize

    Older home owners whose children no longer live with them are set to be offered incentives to downsize their large family homes. In an effort to increase the supply of housing for first time buyers and families, the Government will also make it easier for pensioners to move into sheltered accommodation.   Freeing up more family homes will form part of the Government’s strategy, which will also include more to help people rent better quality homes and move aw...READ MORE

    8 Feb 2017 | Comments
  • Significant increase in number of new homes being built needed to meet 2020 target

    A substantial increase in construction is needed if the Government is to meet its target of building one million new homes by 2020, according to a new report. An overview of the housing market from the National Audit Office (NAO) reports that the need for housing in England has grown faster than supply in recent years.    There will be at least 227,000 new households formed each year between 2011 and 2021 according to projections. This is a substantial incr...READ MORE

    25 Jan 2017 | Comments
  • Home ownership among 25 year-olds has fallen by more than half

    Home ownership levels among 25 year olds in England and Wales have plummeted by more than half in the past 20 years, according to new research. Some 46% of all 25 year olds owned their home 20 years ago, but now only 20% are on the housing ladder. The research from the Local Government Association (LGA) also shows that the proportion of total home owners of all ages across the country has fallen by 4.4% since 2008, while private renters increased by 5.1%.   ...READ MORE

    11 Jan 2017 | Comments

Diary of a first-time Landlord

Tenancy up for renewal

26 April 2014

We’re coming to the end of our first year as landlords. The letting agent has sent us a routine, and carefully timed, letter asking if we wish to continue letting and whether they should make a formal offer to our current tenants. I feel we’ve been very fortunate in finding a family to live in Mum’s house, who appear to have...READ MORE


Heard it on the Grapevine

Bath named as a top city for escaping Londoners

London living is vibrant and exciting, but can often be crowded, noisy and awfully expensive for families. ...READ MORE



Your Stories

I found 25 people living in my 2 bedroom flat!

I am fortunate enough to own five or six properties across the UK, all of which have thrown up different challenges. But probably the most unusual story I have to tell...READ MORE



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