Putting RoPA on your radar
Have you got your head around the latest acronym in the property industry? The recommendations of RoPA (the Regulation of Property Agents Working Group) are featured in a report issued by another, less catchy acronym, …
Current market conditions are filling the PRS with confident landlords, new research reveals. A report commissioned by Cambridge & Counties Banks revealed 64% of UK landlords are optimistic about the outlook for the residential buy-to-let sector over the next three years, while 13% are ‘very’ optimistic in terms of investment growth and yields.
There’s also a ‘carpe diem’ approach among landlords, with 19% using the prevailing property climate to grow their buy-to-let portfolios by a third, with 11% wanting to double their portfolio size in the next 36 months.
The acquisition of property investments is currently aided by an increasing pool of reduced-rate and new buy-to-let mortgages. Figures released by Moneyfacts make especially good reading for first-time landlords. Novice property investors now have access to a record number of specialist mortgage products, up over the last five years from 645 deals to 1,405.
Completing the positive picture is yield news from Nationwide, which shows a stable picture as we had in to the summer months. The building society’s research showed the strongest returns remained in the North East, where yields were typically 5%, while the North West delivered a similar return of 4.8%. Nationwide also reported that tenant arrears are falling, dropping from 9.1 across all England and Wales tenancies in April to 8.9 in May.Back to knowledge hub