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Almost one-fifth of rental homes are now owned by investment companies rather than individual landlords, new research has shown.
A record high of 18% of buy-to-lets were owned by firms in the first-half of the year, according to Hamptons International.
The figures were 4% higher than last year and 8% more than in 2016, with Yorkshire and Humber (25%), the North West (20%) and London (19%), the regions where companies have taken the biggest hold.
The average cost of a new let in Britain rose to £956 by last month, but rental growth slowed to 0.7%, down from 1.3% in May.
“Nearly one in five homes let so far this year were owned by a company landlord, almost double the proportion in 2015, before the tapering of mortgage interest tax relief changes were announced.” Aneisha Beveridge of Hamptons International said.Full/source article
Vanessa Warwick Landlord and Co-Founder of PropertyTribes.com **If you have got value from Property Tribes, find out how you can support it in remaining a free to use community resource**
The search for limited company buy-to-let moved up from third to second most searched for term in buy-to-let in Knowledge Bank’s Criteria Activity Tracker for October.Full/source article At the Landlord Investment Show earlier this week, I spoke to landlord and professional property buyer Jason Harris-Cohen about changes in landlord behaviour:
New survey results: Two thirds of portfolio landlords who are planning to buy more properties this year said they will do so through limited companies.Full/source article See also - How do I get my money out of a Ltd Company?My thoughts as 3rd stage of S24 approaches Ltd company - bigger bomb than Section 24?
More experienced landlords with existing portfolios will dominate the buy-to-let (BTL) sector in the second half of 2019, according to predictions.Andrew Turner, chief executive of Commercial Trust Limited believes that landlords with larger portfolios and more equity are better placed to make additional purchases and suggests they may snap up properties sold by anyone leaving the sector.
The changes that have taken place over the past three years have had an impact on landlords with smaller portfolios of one or two rental properties, he added.Specialist lender Paragon reported an increase in the number of landlords with large portfolios, applying for BTL lending in the first half of 2019.
The lender found that 88 per cent of its total BTL business came from landlords using limited companies operating large portfolios, an increase of 16 per cent year on year.Full/source article These very issues were discussed in our recent "Portfolio Landlords Week":Monday - Launch of "Portfolio Landlords Week" with Tony Gimple of Less Tax for Landlords and we meet Robert, a portfolio landlord based on the south coast to hear about his property journey.Tuesday - Finance for portfolio landlords with Shawbrook Bank and Property Tribes Financial Services. (Video in footer).Wednesday - Insurance for portfolio landlords with Alan Boswell Group and we meet a husband/wife portfolio landlord team JP and Angela Barakat. Thursday - Tax for portfolio landlords with Tony Gimple of Less Tax for Landlords and we feature Tony's presentation from the Spring Property Investor Show.Friday - Portfolio landlord with four decades of experience, John Howard, shares his tips and we meet Chris, a portfolio landlord based in St. Albans.
in a nutshell the supermarket landlords will purchase property that is being sold by the smaller landlord
I know personalty even if Boris gives us a tax break I would still buy property via a Company if the deal was right
I still think a Landlord is better off with a personal owned business But there comes a time when it is no longer tax efficient
Thats the point where a Company is handy But at that point you really are running a business not an investment ...
Learn Change and Adapt ?????
All comments are for casual information purposes only. If you wish to rely on any advice I have given please ensure you obtain independent specialist advice from a third party. No liability is accepted for comments made.
A new survey by one of the sector’s most respected lenders, Paragon, suggests large scale landlords are now a bigger force in the buy to let sector following the exit of some small amateur landlords.
Paragon’s survey is small - just 200 landlords - but it shows that larger operators in the rental sector now have an average of 13.1 properties in their portfolio, up from 12.8 three months ago.
Underlying these headline figures, landlords with between 11 and 20 properties have grown as a proportion of the survey population from 14 to 18 per cent.
As a result, average portfolio values are getting higher – rising from £1.68m in Q1 2019 to £1.76m this time round.Full/source article
it may also be a fact the old landlords like myself could be selling there own property into there new companies