Renters to increase by a million over the next five years

iStock_000022387205XSmallDespite the efforts of the Government to encourage more people to buy their own home, new research has shown the number of renters is on the rise. The figures from high end estate agency Savills, have predicted a 21% increase in the number of people renting their home, equivalent to an extra million people, by 2018. In London, where property prices have risen significantly over recent months, the increase is set to be even higher, at nearly 25%. Six million renters According ...

To rent or buy? The question which splits first time buyers

English HomesNew data has painted a confusing picture of the first time buyer housing market. The Council of Mortgage Lenders (CML), has released figures which show the number of first time buyers rose by 41% in July 2013, compared to the same time last year. In contrast, research from insurer LV=, formerly known as Liverpool Victoria, has shown many people of first time buyer age are happy to continue to rent. First time buyers on the rise The CML data shows a total ...

Cheaper to rent in some regions

iStock_000007328454XSmallNew research, from mortgage giant Santander, reveals that in some areas of the UK it could be cheaper for prospective first time buyers to continue to rent, rather than buy a home. The research suggests that first time buyers in in London, the South East and perhaps surprisingly, Scotland, will find it cheaper to continue renting compared to buying a home. First time buyers in the capital face an average monthly mortgage outlay of £1,342 compared to an average monthly rent of £864....

Buy to let: Renting to students “offers highest rental yield”

Tiny Houses 2As students head back to university and investors look for attractive returns, new research has shown that students can make the best type of tenants for buy to let investors. The research, conducted by the National Landlords Association (NLA), shows property let to students offers an average gross rental yield of 6.7%, much higher than the UK average of 6.1%. At the same time Houses of Multiple Occupation, or HMOs, for short, where a single property is ...