A new survey has revealed a unified demand from both tenants and landlords for two areas of significant rental reform they want Labour to implement swiftly.

The rate changes follow the introduction of the lender's new fixed-fee Expat BTL product launched in March

The average age of landlords purchasing new buy-to-let property has fallen over the last decade, driven by strong growth in the proportion of landlords in their 30s.

The lender has cut rates on its F1 five-year, special Portfolio Landlord-only products by 10 basis points, with rates now starting from 4.89%

The latest changes include three and five-year fixes reducing by up to 0.25%, while two-year fixed-rate products are coming down by up to 0.15%

Rising interest rates and higher operational costs are closely linked to the amount that landlords charge for rent, according to Landbay's latest research.

Average landlords are earning £4,000 less a year per property compared to 2020 due to high interest rates

Despite the increase, demand is still off the pace set last year

Three of the postcodes with the lowest rental market turnover are all found within the same city

With the 2024 General Election now decided and Keir Starmer’s Labour party announced as the next British government, all eyes in the property industry are on what’s next...