As Lincoln strides into the future, the burgeoning private rented sector has continued to house many of its residents. The decade-spanning 2011 to 2021 saw a significant surge in the private rented sector, a testament to the enduring appeal and viability of the Lincoln property market. This growth has unfolded…
The UK rental market has once again demonstrated its resilience and dynamic nature. Recent figures state that the average advertised rent for newly listed properties in the UK last month was £1,787 per calendar month. The average for the UK excluding Greater London is £1,211 per calendar month (and Greater London…
A Lincoln landlord remarked to me the other day that he felt that there were more ‘posher’ up-market properties coming up for rent in the last six months compared to a couple of years ago. I stated that this was the case, and it wasn’t all down to the recent…
The private rented sector for both Lincoln landlords and Lincoln tenants is facing immense challenges, with a shortage of available homes for rent putting renters under significant pressure. And you can see why when the average UK rent in 2021 was £1,381 and in 2023 it has been £1,706, an…
“We have recently inherited £140,000. We have contemplated purchasing a Lincoln buy-to-let property to support our early retirement. Considering that the Skipton Building Society offers a 4.25% return on their 18-month bond and the stagnant Lincoln property market, we are uncertain whether investing in a rental property is worth the…
We at Walters Lincoln want to make you aware of some significant changes that are coming into effect from April 2026. The UK Government is introducing Making Tax Digital (MTD) for Income Tax, which will affect how landlords report their income tax to HMRC. The original plan was for Landlords…
Over the last five years, life has become a little trickier for Lincoln landlords, with changes to their taxation status, mortgage interest relief and an additional 3% stamp duty for a buy-to-let property and has made lots of Lincoln landlords ask themselves: ‘Is buy-to-let in Lincoln still worth the risk?’ Regarding…
Some of you reading this will be old enough to remember the 1970s – the bell-bottom trousers, the huge collars, frayed jeans, disco glitter balls, maxi dresses, midi skirts but above everything else – HYPER-INFLATION. With inflation currently standing at 11.1%, many of us envy the last few years…
This is the question many people are asking right now, and the answer depends on your circumstances. I pride myself on my ability to provide objective, fact-based information on the Lincoln property market so potential Lincoln house sellers, landlords and buyers can make the best decision for themselves. My role is…
Being a Lincoln landlord is undoubtedly a challenge. The glory years of making money from ‘any old property’ are certainly in the past. With increased legislation and taxation from Government and the cost-of-living crisis (which will result in some Lincoln tenants struggling to pay their rent), times are challenging for…
For decades, baby boomers in the UK have been the quiet beneficiaries of a housing market that has worked in their favour. Rising property prices and a growing housing shortage have pushed home values sky-high, giving this generation substantial equity in their homes. However, as more and more boomers enter…
The number of agreed UK property sales until Saturday, 22nd November 2024, is 18% higher than a year ago. Breaking those stats down even further, as of 22nd November 2024, 1,009,340 UK homes had been sold subject to contract (STC), an 18% increase from the 855,083 homes sold STC in…
Recent figures from the Office for National Statistics reveal that across the UK, 486,795 households are occupied by individuals aged 65 (and over) who live in a private rental sector home. This represents that 6.71% of all OAP’s now renting privately. Ten years ago, only 267,704 households were occupied by…