Average rents near record levels, as 1 in 3 council tenants fall into arrears

iStock_000001437287_ExtraSmallRecently released figures show average rents are just £1 off a record high, whilst council tenants are struggling to cope, following the introduction of the so-called ‘bedroom tax’. The buy to let index, compiled by LSL Property Services, shows average rents rose to £743 per month during the month of August, just £1 short of a new high. Compared to July rents were 0.7% higher, but were only up 1.3% on the same time last year; well ...

Housing & Mortgage round up: Renters finding the going tough, whilst demand amongst homebuyers rises

Housing & mortgage round up_istockphotoNo house price surveys this week, but still plenty of housing news to bring you, dominated by an increase in house buying activity, plus news rents continue to increase. Housing demand at four year high New figures, from the Royal Institution of Chartered Surveyors (Rics), have shown demand for homes in the UK has risen to the highest level since 2009. The research also showed that the majority of Rics members are reporting rising ...

Buy to let: Seaside towns offer best returns

iStock_000008970391XSmallSea side landlords are receiving table topping rental yields, according to recent research from HSBC. Investors in Southampton, Blackpool and Kingston-upon-Hull are currently achieving returns of almost 8% on their buy to let properties, the highest in the country according to HSBC. Experts believe the yields in some sea side towns are driven up by relatively low house prices and the potential to let the property to holidaymakers. However, it isn’t just seaside towns which are achieving good yields. The research found buy-to-let properties ...

Housing & Mortgage Round Up: Mortgage approvals and house sales rise

Housing & Mortgage Round Up: Mortgage & House Sales RiseTwo positive stories for the housing market this week as we report that mortgage approvals and house sales are both on the rise. However, the news is not so positive if you are a tenant, with average rents still higher than a year ago and a new survey showing the drastic measures forced upon some people simply to pay their rent....