Report Rent Payments to Increase Credit Score
Jennifer Jameson
The credit score website Experian has revealed that many letting agents are now happy to report their tenants’ rent payments in order to improve their credit score. Over 75% of the tenants who have given consent for their rent payments to be recognized by …
Landlords Move to Limited Companies
The recent research conducted by the Foundation Home Loans, revealed that for a landlord to keep abreast and compliant with all the new legislation would be a full-time job, however 79% of landlord have another full-time job. Therefore, these people need to appoint a professional …
Pay Back Time for Help to Buy Loans
The help to buy scheme was launched in 2013, offering 1st buyers and second steppers a way to get on the property ladder with just a 5% deposit. The government would own up to 40% of the property, for a new-build worth up to £600,000. …
Average rents higher than mortgage repayments
According to new research from Santander, first-time buyers are paying less on mortgage repayments than rent. The average monthly rent in the UK is currently £912, while monthly mortgage repayments are £723 (based on an average mortgage rate of 2.48%). The deposit challenge The research …
