HSBC BUY-TO-LET GUIDE TO THE UK MARKET
2016-03-27
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Millions of leaseholders will be given a new right to extend their lease by 990 years. Changes could save households from thousands to tens of thousands of pounds. Elderly also protected by reducing ground rents to zero for all new retirement properties.
Below is the summary of measures announced by Chancellor Rishi Sunak in the Budget.
Demand for income-producing residential assets in the UK has risen sharply over the past few years on the back of a burgeoning private rental sector and a desire among investors to diversify into new asset classes offering stable income streams.
According to a recent report, around 5 million UK households, or 21% of the total, are in private rented accommodation. This is set to rise to 5.79 million (or 24%) over the next five years.
Hemel Hempstead is a large town in Hertfordshire, England, located 24 miles (39 km) northwest of London. Hemel Hempstead was named "happiest place to live" in East of England, let's look into the reasons behind it.