Yorkshire And Humber Now Identified As The BTL Hotspot

Subsequent to the collation of data from a survey conducted by Knight Knox of 500 Landlords in the UK, it is discovered that landlords owning property in the Yorkshire and Humberside region are set to purchase more buy-to-let property in the next five years than any other region. Compared with the national average of 40% of landlords intending to buy another buy-to-let property in the next five years, the survey has highlighted that 60% of landlords are now in a position to buy another but-to-let property. Read more on the Landlord news website.

https://www.landlordnews.co.uk/yorkshire-humber-identified-btl-hotspot/

Buy-To-Let Investors Targeting Smaller, Cheaper Properties

A new report from Mortgages for Business has analysed buy-to-let purchase activity during the first three months of the year. Data from the investigation suggests that investors are purchasing smaller and less expensive properties. The lender says that average loan amount and security values fell for all property types, with figures for ‘vanilla’ properties well down on those seen over the last year. In addition, the opening quarter of the year saw a shift in the buy-to-let market, from remortgaging to purchasing. This was particularly strong amongst more complex property types, such as HMOs, multi-unit freehold blocks and semi-commercial property. Read more on the Landlord News website.

MP Slams New Scheme Aimed At Helping Slum Landlords

A new scheme designed to assist landlords with housing repairs has been slammed by a local MP. Writing in his column in the Peterborough Telegraph, Stewart Jackson MP took aim at Peterborough City Council’s initiative to deal with so-called slum landlords. The scheme plans to assist these landlords with housing repairs using £1.2m of public money from the capital budget. In his article, Jackson wrote: ‘Yes – these are landlords currently collecting rents for tenants already living in their substandard or dangerous properties – but who apparently cannot afford to repair and maintain their own properties properly or meet the appropriate regulatory and licensing arrangements.’ Mr Jackson said he thought it was a disgrace that landlords expect the taxpayer to foot the bill for these improvements. Read more on the Landlord News website.