Landlord mortgage costs rising faster than rent rises, research shows
Landlords’ mortgage costs have been faster than rent rises over the past two years, new research has highlighted. Estate agency Barrows and Forrester says its analysis of average landlord borrowing costs show a BTL investor with a variable rate repayment mortgage is now paying a 20% more a month than in 2021, or £1,113 compared […]
BREAKING: £17.9 billion landlord bill for EPC upgrades revealed
Private landlords face a combined bill of £17.9 billion to upgrade their properties to a minimum EPC band C by 2025, with landlords in the capital facing the largest bill at £3.2 billion. Knight Frank’s figures highlight the looming crunch within the private rented sector presented by the EPC upgrade requirements, funding details of which […]
‘Disappointing’ – housing chiefs slam lack of property measures in Budget
Landlords, estate agents and surveyors have all given yesterday’s Budget an unqualified thumbs down after the Chancellor chose to focus on economic growth but ignore several problem threatening to engulf the housing market. All have said the budget was disappointing and a ‘missed opportunity’ to invest in the UK’s housing market and head off some […]
UK Mortgage Payments Hit Highest Level Since 2008
Mortgage costs relative to income in the United Kingdom have risen to their highest level in years. The latest data published by mortgage lender Nationwide Building Society Friday (Jan. 13) revealed that in the final quarter of 2022, first-time buyers were spending on average 39% of their take-home pay on mortgage repayments, the highest level […]
Average House Price in the UK Falls for the Fourth Month in a Row
The average house price in the UK fell for the fourth month in a row in December, dropping by 1.5% caused by the rising cost of living and elevated interest rates. Halifax revealed that the average house price now stands at £281,272 stating that they expect ‘a reduction in both supply and demand overall, with […]