Chancellor Rachel Reeves has delivered her Autumn Budget: the first Labour Budget in 14 years. Ongoing cost of living pressures are likely to have contributed to the large amount of coverage and speculation the Budget has received in recent weeks. Mortgage rates remain high, with our recent study showing that the average first-time buyer mortgage … Read more
We’ve seen a growing trend of some landlords choosing to leave the rental sector due to rising costs, taxes, and changes to legislation. Right now, almost 1 in 5 (18%) homes currently for sale were previously rented out, compared with just 8% back in 2010. But this is a national average, and some areas are … Read more
Our latest snapshot of the rental market highlighted how busy it is compared to the more normal levels seen in 2019, before the pandemic. The number of enquiries each rental property receives from would-be tenants is now 17 which, and while this is down from 26 a year ago, it’s more than double the number … Read more
The UK residential market has lost 116,000 buy-to-let properties in the last year, with the number of rental homes dropping from 4,579,000 to 4,463,000. In addition, 70,000 BTL landlords have exited the market in the last year, with the number dropping from 2.82 million in 2020 to 2.75 million in 2021. The figures come from … Read more