Read this morning’s papers: First-time buyers beating landlords/Landlords wary of renting to EU nationals

News

Helen Ozolins

07 September 2017

First-time buyers winning out over landlords in London (FT/£)
Competition between investors and first-time buyers for properties has fallen after government measures targeting buy-to-let landlords, research by Countrywide shows.

Landlords reluctant to rent properties to EU nationals (The Independent/FREE)
A survey by the Residential Landlords Association reveals that nearly one in five private landlords is wary of renting to nationals of other European Union member states because of government rules on letting to people who are not British citizens.

McCarthy & Stone warns of impact of capping ground rent (The Times/£)
Capping ground rent at a peppercorn rate would cause retirement housing specialist McCarthy & Stone to reduce the number of homes it builds for the older generation.

Barratt reports profit rise (The Telegraph/FREE)
Barratt Developments reported a 12% rise in pretax profit to £765m in the year ended 30 June, while revenue was 9.8% higher at £4.56bn.

Autumn budget could provide help for young homebuyers (The Times/£)
Young homebuyers could be in for some help in the chancellor’s Autumn budget.

Fulham Shore warns of trading slowdown (FT/£)
Fulham Shore, which owns the Franca Manca and Real Greek brands, warned of a slowdown in trading in July and August, particularly for its restaurants in London’s suburbs.

Asda cuts nearly 300 jobs (The Guardian/FREE)
Asda has cut nearly 300 jobs at its head office in Leeds and another office in Leicester.

In the news this morning, government measures are helping first-time buyers as tax changes reduce the competition from buy-to-let landlords in London. The share of the capital’s properties being bought by landlords is also at its lowest since 2010. EU nationals may be finding it more difficult to rent properties as landlords prove reluctant to lend to people who are not British citizens after the government required them to check the immigration status of tenants – and the situation could get worse. Capping ground rent at a peppercorn rate would make freeholds less attractive to investors and have a knock-on effect on the number of homes McCarthy & Stone builds for older people. First-time buyers winning out over landlords in London (FT/£) Competition between investors and first-time buyers for properties has fallen after government measures targeting buy-to-let landlords, research by Countrywide shows. Landlords reluctant to rent properties to EU nationals (The Independent/FREE) A survey by the Residential Landlords Association reveals that nearly one in five private landlords is wary of renting to nationals of other European Union member states because of government rules on letting to people who are not British citizens. McCarthy & Stone warns of impact of capping ground rent (The Times/£) Capping ground rent at a peppercorn rate would cause retirement housing specialist McCarthy & Stone to reduce the number of homes it builds for the older generation. Barratt reports profit rise (The Telegraph/FREE) Barratt Developments reported a 12% rise in pretax profit to £765m in the year ended 30 June, while revenue was 9.8% higher at £4.56bn. Autumn budget could provide help for young homebuyers (The Times/£) Young homebuyers could be in for some help in the chancellor’s Autumn budget. Fulham Shore warns of trading slowdown (FT/£) Fulham Shore, which owns the Franca Manca and Real Greek brands, warned of a slowdown in trading in July and August, particularly for its restaurants in London’s suburbs. Asda cuts nearly 300 jobs (The Guardian/FREE) Asda has cut nearly 300 jobs at its head office in Leeds and another office in Leicester.