Saturday, August 13, 2022

Trouble ahead for UK Landlords

Trouble Ahead For UK Landlords As Section 21 ‘No Fault Evictions Will Be Abolished

In this episode:

·        Renters Reform Bill announced in Parliament.

·        Planning reform

·        Property prices

·        Demand has jumped for properties where all the bills are included in the rent, according to Rightmove.

·        The property website said inquiries for build-to-rent homes with bills included had risen by 36% over the past year.

·        It comes as two students had to pay £27,000 up front to secure a Cardiff flat, due to rental market demand.

·        The Welsh government plans to consult on rent control for private rentals.

·        Rents are rising at the fastest rate for more than 13 years, according to property experts Zoopla. They said this is because of limited supply, caused by an "exodus" of private landlords.

·        Last month, Wales had the biggest annual jump in rental prices outside of London - up 13.9% to £882 per month according to Rightmove.

Watch video version - https://youtu.be/_QpXWoYmG3U

The vast majority of 'buy-to-let' landlords are small investors with one or two properties, and many are accidental landlords. Landlords I have spoken to said they would pull out of the market if 'open tenancies' were forced upon them and would be too nervous to rent out a property to a tenant were they would not be sure about getting back possession at the end of the tenancy.

Open House South Herts is advertising cheap property deals in the north of England from just £30,000 asking price with yields of between 10 and 15%. – see https://www.facebook.com/estateagentswatfordelstreeandborehamwood

Banks not passing on interest rate rises to savers!

See: video  - https://youtu.be/5Z1DVXkCcfo to see what can you do to make more of your savings.

Make your money work harder for you…See: 6 Tips to get on the property ladder - https://youtu.be/F4spqKpYZo4

Learn how to get started as a first-time property buyer.

A slowdown in the property market means more opportunities for buyers and investor!

Find out more about property investing.

You can learn the secrets of professional property investors who have built huge portfolios with other people’s money.

FREE TRAINING – BEGINNERS PROPERTY SECRETS

This Beginner Property Investing Secrets free training webinar is designed by the industry’s top investing trainers to bring you valuable content; providing you with the tools to successfully invest in buy-to-let properties, raise finance and build a mighty portfolio from the ground up.

Live training Wednesday at 7pm UK time.

CLICK TO JOIN THE LIVE ONLINE EVENT

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Thank you for your support!

 

#property #rentalproperty #firsttimehomebuyer #landlord #buytolet #propertyinvestment


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