Nottingham Letting Agent Property Blog

Latest research from an independent consultancy shows that in spite of newspaper reports about the burgeoning buy to let business, many professional landlords are feeling the pinch. Research by BDRC Continental, who is the largest independent market research consultancy in the UK, shows a substantial rise in the number of portfolio landlords making a loss. According to them the fourth quarter of last year showed that the number of portfolio landlords making a loss increased from 1% during the previous quarter to 8%. They classify portfolio landlords are those owning 20 properties or more. Their research also showed this group of...

Approvals for a home loans have fallen for two consecutive months, as October saw a 1.1% decline compared to the previous month. This decline is being blamed on mortgage lenders who are focusing their attention on borrowers who have larger deposits, and 90% loans account for just 1% of all lending. The cheaper end of the property market is seeing the fastest drop in approvals as buyers struggle to meet the strict lending criteria. Even though it appears as if higher loan to value mortgages are available, the truth is that most first-time buyers simply aren't eligible.In the past this might...

A new report by Savills predicts that rents will rise more than house prices over the next five years. The report, which has to be music to every landlord's ears has made this forecast due to rising demand for rental property. It thinks it unlikely that the current supply of rental property will keep pace with demand, and that competition amongst renters will push rents up. It is predicting that average rents could rise by as much as 20.5% by the end of 2016, which is pretty amazing when compared to house price growth which is predicted to be just 6%...