Author: Coast to Country Lettings

Mortgage Brain came out with new figures showing that mortgage rate reductions continue to offer benefits to a variety of property owners. BTL mortgages are attractive to people of all ages interested in investing or padding their retirement savings. The average landlord today can expect a five year fixed Buy-to-Let mortgage with a 70% Loan-to-Value ratio to be 8% lower in cost than in March 2016. At a rate of 2.80% as of 1st September 2016, property owners can save about £738 on a £150k mortgage over the course of the year. This is great news, since BTL interest rates…

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According to a recent report released by ARLA, the rental market remained quite stable following Britain’s decision to leave the European Union last month. Shortly after the Brexit poll, the buy-to-let market is steady with little or no change in terms of rental costs. Although 12 percent of letting agents stated that there was a quick drop in rent, a significant 77 percent observed no difference in rental costs. This is contrary to market forecasts; before reports were released, 19 percent predicted that there would be a rise in rents, and 20 percent expected a decline. Only three fifths of…

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Reports from a recent survey by estate agency Your Move and Reeds Rains show that first-time home buyers in the UK may have to break the bank in order to buy a house, even though the market has been shaky following results of the European Union referendum. In May, first-time buyers paid a standard £173,282 in order to become homeowners, and the figure went up 2.7 per cent from £168,656 last April–15.8 per cent higher than the average £149,645 that was seen in May 2015. This means that in the past 12 months, first-time buyer house costs have surged upwards…

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Britain’s exit from the EU has brought a lot of uncertainty to the UK housing market. Here are comments from industry experts as they give their takes on how the market has reacted to the “Leave” vote. Activity in the UK Housing Market Will Cool, Especially in London Insight Director at Hometrack, Richard Donnell, says that the UK’s decision to leave the EU brings a lot of uncertainty to the UK housing market. According to him, the market is likely to experience an immediate fall in housing turnover, as well as a sharp fall in house price growth. He explained…

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Just under one in three (30%) landlords were undecided until very late as to whether to vote leave or remain in the EU in the UK referendum on Thursday. This was the finding of a survey conducted by the National Landlords Association. Landlords were equally as divided on the decision to stay or remain as the rest of the country. The survey showed that 35% intended to vote to remain, while 35% intended to vote to stay. We are yet to see the actual data of how the votes turned out, but let’s take a look at what the surveys…

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Sharp Year on Year Increase Recent figures show that the East of England has become the prime market in the UK property industry. The region’s property market has seen the sharpest increase in asking prices in the UK, which has prompted concerns about its sustainability. The past year has seen prices for the East of England rise twice as fast as figures for the rest of the UK, according to Home.co.uk’s index figures for June. Year over year, the East of England saw a 13.9 price increase,  while England and Wales saw an average rise of 6.8%; and 6.7 %…

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Buy-to-let investment may no longer be as profitable a venture as it used to be in the UK. That’s because the government is introducing new tax changes that will change some of the financial implications of running your buy-to-let property or purchasing a new one. Here’s a look at these new measures and how they will affect you as a landlord. Extra 3% stamp duty From April 1, an extra 3% stamp duty land tax will be imposed on the purchase of second homes and buy-to-rent property. If you are investing in buy-to-rent property or buying a new home -…

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