London had been identified as the most expensive region in Britain to be a landlord, according to new research by Kent Reliance.
The study by the specialist mortgage lender shows that the average landlord spends £6,535 per property per year in the capital, or 32% of the amount they receive in rent, excluding mortgage costs and tax but including void periods....
Some lenders are looking at students as not just customers for university loans, but also for early mortgages, with the prospect of turning them into young landlords.
After completing their studies many students will look at their bank statements showing them thousands of pounds in debt and saving enough for a deposit on their first home becomes a distant dream, unless, that is, they are already on the ladder. ...
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One in seven over 65s may be forced to rent out spare rooms in their homes because they are struggling to live off their pensions.
However, that figure is even higher in London where one in five pensioners say they are prepared to become landlords.
New research revealed almost half of retirees – or over five million Britons over 65 – are desperately looking for alternate incomes because they cannot make ends meet....
A new system called ‘Rental Ratings’ – which will score private rental properties out of five - is to be launched in the UK.
The firm behind it say it is an attempt to self-regulate the sector and could be used by local councils as an alternative to licensing.
Rental Ratings, will work like the one to five star rating system for hotels, enabling tenants to see the quality of properties more easily....