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Are landlords leaving the market in droves, as some experts claim? Or are reports of an exodus exaggerated? Let’s look beyond the hype to find out what’s going on. You may have seen a flurry of headlines lately saying that landlords are leaving the rental sector en masse. Is it true?
First-time buyers might be getting older, but when it comes to landlords, it’s a different story. A new survey* has found that in the past nine years, there’s been a drop in the average age of landlords in the UK.
The Bank of England meets tomorrow (Thursday 7 November) to set the official Bank Rate or base rate as it is also known. This is the rate that banks and building societies use to set the interest rates they charge borrowers.
Earlier today, the Bank of England (B of E) announced that the base interest rate will be cut by 0.25 to 4.75%. This is good news for the property market.