Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Friday, July 10
    Facebook X (Twitter) Instagram Pinterest Vimeo
    Invest Insider News
    • Home
    • Bitcoin
    • Commodities
    • Finance
    • Investing
    • Property
    • Stock Market
    • Utilities
    Invest Insider News
    Home»Property»Being a private landlord in Britain no longer makes financial sense, says Zoopla boss
    Property

    Being a private landlord in Britain no longer makes financial sense, says Zoopla boss

    July 27, 20242 Mins Read


    In terms of potentially reforming the mortgage market, Mr Bryant said banks should open up lending to more first-time buyers by using their rental payment histories as a way of assessing affordability.

    “Could we take a lesson from some of the other geographies worldwide and be more aggressive on lending? Certainly loan-to-value lending is a lot higher in other geographies than it is in the UK,” he said.

    “In the Netherlands, average LTVs for first-time buyers are above 100pc because they look at the borrower as much as they look at the collateral. I think we could certainly take a leaf out of that.”

    Crucially, he believes Britain also needs to reform the purchasing process, as too often buyers are caught by housing chains collapsing.

    “We have this peculiarly English thing about chains and everyone pulling out at the last minute, which can then collapse five other purchases,” said Mr Bryant.

    “The costs associated with that – productivity, emotion, stress – are huge.” 

    This degree of uncertainty can be a crucial factor in deterring sales, he added, particularly for larger corporate buyers. 

    To streamline Britain’s “crazy” buying process, which involves buyers and sellers having to pay large fees to surveyors and mortgage brokers, he recommends a two-pronged approach. 

    Not only should the Government introduce rules to shorten transaction periods but it should also broaden access to Land Registry data. 

    Mr Bryant said this would allow everyone involved to see information about a property’s history, including any hidden service charges. 

    Having been drafted in as chief executive of Houseful since 2018, Mr Bryant has run the company under the ownership of US private equity firm Silver Lake Partners. Six years into their tenure, Mr Bryant insists there are no plans to sell. 

    “Increasingly, for large, growth-oriented private equity firms, they are significantly more focused on how to drive the greatest level of longer term growth,” he said. “For us personally, we have no specific immediate plans.”

    What is more pressing for Mr Bryant now is the prospect of new wealth taxes under Labour, as Chancellor Rachel Reeves seeks to raise around £10bn to rebuild public services. 



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleTech turbulence and a rate cut helped utilities. Will more rate cuts do the same?
    Next Article Bitcoin vs. Ethereum—Who’s Winning the ETF Battle?

    Related Posts

    Property

    Property management company fined and managing director handed suspended sentence after death of ‘brave, strong, and determined’ teenage apprentice

    July 9, 2026
    Property

    China property market erases $18T-$20T in wealth since 2021 peak: BIS

    July 8, 2026
    Property

    The rapid rise of housefishing: are AI-enhanced property listings helpful – or sinister? | Homes

    July 8, 2026
    Leave A Reply Cancel Reply

    Top Posts

    How is the UK Commercial Property Market Performing?

    December 31, 2000

    How much are they in different states across the US?

    December 31, 2000

    A Guide To Becoming A Property Developer

    December 31, 2000
    Stay In Touch
    • Facebook
    • YouTube
    • TikTok
    • WhatsApp
    • Twitter
    • Instagram
    Latest Reviews
    Finance

    Une première en Algérie, la finance islamique au service de la fertilité

    May 25, 2025
    Property

    Looks Like China Is Dragging Feet On Its End Of Trump Trade Truce – IJR

    June 28, 2025
    Utilities

    Utilities have so far handled the blizzard well, but things could change

    January 22, 2025
    What's Hot

    Bitcoin Surges as Fed Chair Promises Rate Cuts in September

    August 23, 2024

    Target Healthcare REIT — Accretive Asset Recycling Progressing

    December 2, 2025

    Parabolic Bitcoin Rally Is Coming—Here’s What To Watch

    September 12, 2025
    Most Popular

    C’est du temps de Bull pour le bitcoin (BTC) et l’or, portez du temps pour la monnaie fiduciaire! Bitwise explique pourquoi!

    June 19, 2025

    Protocole Bitcoin de 2B Bitcoin Solv dévoile l’offre de rendement BTC conforme à la charia au Moyen-Orient

    April 29, 2025

    Bitcoin Price Extends Decline as Oil Prices Surge To Two-Year High

    March 3, 2026
    Editor's Picks

    Brent oil hovers below $112 after retreating from earlier spike amid supply fears By Investing.com

    March 19, 2026

    China issues its first green bond on London Stock Exchange – World

    April 3, 2025

    Dow, S&P 500, Nasdaq waver as Wall Street’s 3-day surge loses steam

    April 25, 2025
    Facebook X (Twitter) Instagram Pinterest Vimeo
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions
    © 2026 Invest Insider News

    Type above and press Enter to search. Press Esc to cancel.