Foundation launch new 5-year BTL fix

Foundation Home Loans has announced that they have launched a new 5 Year Fixed Rate deal as part of their buy-to-let range. The new product, Standard Plus, will be aimed for a limited time primarily at portfolio and non-portfolio landlords and will offer a competitive fixed rate of at 3.54% (fixed until 31/7/2023) up to 75% LTV with a 2% Arrangement Fee. The product is available to portfolio and non-portfolio landlords without any adverse credit within the last 6 years, except in some…

Feingold and Carter on What Social Science Can Tell Us About the Supreme Court’s Use of Social Science @drevvycarter

Jonathan P. Feingold, UCLA, and Evelyn Carter, UCLA, have published Eyes Wide Open: What Social Science Can Tell Us About the Supreme Court’s Use of Social Science at 112 Nw. U. L. Rev. Online 236 (2018). The Northwestern University Law Review’s 2017 Symposium asked whether McCleskey v. Kemp closed the door on social science’s ability to meaningfully contribute to equal protection deliberations. This inquiry is understandable; McCleskey is widely understood to have rendered statistical racial disparities doctrinally irrelevant in the equal protection context. We suggest, however, that this account overstates…

Countryside report strong growth trajectory

According to a Countrywide’s trading statement, total completions at the firm are up 15% in the six month period to the end of March 2018 – a rise of 19% at the firm’s Partnerships arm and up 7% on the private side. Overall the firm’s private average selling price is down 11% to £392,000 “in line with stated objectives” with the ASP at the Partnerships side down from £368,000 to £308,000 due to increased completions in the West Midlands. The private ASP on the…

Blackstone and His Critics, Edited by Anthony Page and Wilfred Prest @hartpublishing

Law & Humanities Blog: New From Hart Publishing: Blackstone and His Critics, Edited by Anthony Page and Wilfred Prest @hartpublishing skip to main | skip to sidebar New From Hart Publishing: Blackstone and His Critics, Edited by Anthony Page and Wilfred Prest @hartpublishing Newly published: Blackstone and His Critics (Anthony Page and Wilfred Prest, eds., 2018). William Blackstone’s Commentaries on the Laws of England (1765-69) is perhaps the most elegant and influential legal text in the history of the common law. By one estimate, Blackstone has been cited well over…

Violating data protection law under the guise of protecting it

Matthew White, PhD candidate Sheffield Hallam University. Introduction There have been numerous reports of Windrush Generation Commonwealth citizens being denied health care, detained, losing jobs and threats of deportation. Nick Nason describes the Windrush Generation as Commonwealth citizens from the West Indies who were invited to the UK after WWII to address the shortage of workers at the time. There was a time when West Indians enjoyed total freedom of movement. Nason notes that s.2(2)(b) of the Commonwealth Immigrants Act 1962 exempted from immigration controls those who arrived with their…

Demand for five-year fixed remortgages slips to lowest level in 10 months

New data from conveyancing service provider, LMS, has shown that five-year fixed remortgages are being shunned by consumers in favour of cheaper two-year fixed rate deals. The once popular product fell to 37% of the market in February – down from 45% in the previous month. This is the lowest level of five-year fixed rate remortgages in the market since July. The decline has been driven by more consumers opting for cheaper two-year fixed rate deals to balance out the cost of November’s…

Could letting agents benefit from Build to Rent?

Letting agents should consider the benefits of participating in the growing Build to Rent (BTR) phenomenon, according to automated payment provider PayProp. Around since 2012, Build to Rent aims to provide thousands of units of purpose-built rental accommodation. The sector has government-backing – to the tune of up to £1 billion – and is supported by institutional investors. Over the last few years, investment in the sector has been widespread and extensive. A report from the British Property Federation (BPF), Savills and the…

Warning to landlords and letting agents over fake referencing

Tonight’s episode of “Bad Tenants, Rogue Landlords” (Thursday 19th April, Channel 5, 8pm) will serve as a warning to all landlords and letting agents over the dangers of fake tenant references, as landlord Paul Bloom faces a struggle to get his property back from a bogus company let. Paul Bloom, a professional landlord with several properties in London, let one of his flats in a quiet part of Hampstead, London. The letting agent he used was approached by a third party wishing to rent…

Buy-to-let market weathering red tape storm

Changes to regulations and taxation are old news for buy-to-let landlords and investors. But, despite all the changes that have been introduced over the last two years, the buy-to-let market is remarkably resilient; savvy investors have already acclimatised to the new landscape and continue to grow their portfolios. In fact, it’s not just battle-hardened landlords keeping the market buoyant. Recent industry figures indicate buy-to-let is more popular than ever, with over 2.5 million UK-based investors in the last tax year – 5 per cent…

Biting tax changes force landlords to reshape their portfolios

A recent survey on trends in the PRS conducted by Paragon found that landlords with between 6 and 20 properties in their portfolio have increased from 35% to 39%. According to the research which was based on interviews with 203 experienced landlords in Q1 2018, this follows a drop in the proportion of landlords in the 3 to 5 property bracket at the end of 2017, down from 26% to 24%, and indicates the potential for a growing polarisation between small scale landlords and…