Inflation went in the wrong direction at the end of 2023. It might seem like a small, possibly insignificant, reversal of a downward trend, but December’s rise in the consumer prices index (CPI) to 4% in December from 3.9% in November is a blow to the government and the Bank of England in their battle against rising prices.
More than a third of property sales fell through last year, with buyers to blame in most cases.
Two-fifths (44%) of landlords are worried about tenants being unable to pay rent as we head into the new year, highlighting how fragile affordability has become, research from mortgage lender Molo has revealed.
A series of lenders have slashed their buy to let mortgage rates in a bid to win business.
Michael Gove has announced a new national policy framework (NPFF) in his long-term plan for housing.
Landlords and the buy-to-let market in general have had a tough time of it over the last few years, with numerous rules and regulations being implemented, alongside wider, difficult market conditions.
The cost of mortgage payments have surged by 283% since 2021 for landlords using interest-only, highlighting the dramatic effects of rising interest rates, Octane Capital research shows.
London has seen the strongest rental growth over the last year according to an analysis by lettings agency Hamptons.
- Its The Time of Year For Predictions
- Affordability Crisis Means Rent Rises Can't Continue At This Pace
- Bank of England Holds Rates Again
- Buyers Are Securing Discounts In Current Climate
- Where Do Investors Buy Additional Property To Achieve Higher Yields
- Rent Rises NOW Outstrip Inflation
- How to Add Value to Your House
- Higher Deposits Leave 90,000 New Build Properties Empty