UK faces critical shortage of homes to rent, says RICS

The UK is facing a “critical rental shortage” which requires a building programme to focus on providing for tenants, a surveyors’ body has said. At least 1.8 million more households will be looking to rent rather than buy a home by 2025, the Royal Institution of Chartered Surveyors (Rics) claims. It has called on the[…]

Property market Brexit effect is simply short-term blip, say analysts

ANALYSTS have rejected fears that moves by several UK property funds to suspend dealing could signal a wider market meltdown. On Monday, Standard Life blocked investors from withdrawing money out of its £2.9billion UK Real Estate Fund after a rush for the exits, and yesterday Aviva and M&G followed suit with their property funds. The[…]

Lenders to slash buy-to-let rates and bump up how much they’ll lend to landlords.

  A stamp duty hike hangover and fears that Britain would vote to abandon the European Union have pushed lenders to slash buy-to-let rates and bump up how much they’ll lend to landlords. Santander, Nationwide, Aldermore, Pepper Home Loans, Precise Mortgages and Nottingham Building Society have all dropped their buy-to-let rates or raised their maximum[…]

Landlords borrowing more to buy houses than first time buyers…..Invest in buy to let!

  Landlords borrowed more to buy houses in the first three months of this year than first-time buyers, the first time this has happened since the financial crisis. Buy-to-let investors’ (BTL) new purchases accounted for 21pc of all loans in the first quarter, compared with 16.9pc for first-time buyers, according to the Bank of England.[…]