The Property Ombudsman

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Biggest rise in mortgage approvals in six years

Biggest rise in mortgage approvals in six years 12/06/2015

The number of mortgage approvals from high street banks has seen its biggest monthly increase in six years. Research from the Bank of England shows more than 68,000 loans were approved in April

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One in five households privately rented

One in five households privately rented 9/06/2015

Research forecasts that private renting will account for 20% of all UK households in just five years’ time. New statistics show the total number of rented homes in the UK will have increased

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Manchester named number one buy to let hotspot in the UK

Manchester named number one buy to let hotspot in the UK 3/06/2015

Manchester is currently achieving higher rental yields than all other cities throughout the UK according to a new report.   Research from HSBC found that the North generated the strongest yields

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Lending to landlords is booming

Lending to landlords is booming 29/05/2015

Recent figures have shown high amounts of new lending and remortgaging activity from landlords and property investors in the UK. A report from the Council of Mortgage Lenders (CML) noted a 12% monthly increase in lending with a total of 18,200 buy to let loans approved in March 2015 alone.

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Year on year rise in rents

Year on year rise in rents 21/05/2015

Rents agreed on new tenancies in the UK are up by a tenth in just one year according to the latest research. The report from Homelet found that the 10% annual increase affected all the major regions with rates rising in almost all areas. Average rents on a tenancy

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