Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Thursday, July 31
    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 ArticleWilmington, NC, bed and breakfast on USA TODAY’s list of nation’s best
    Next Article Bitcoin vs. Ethereum—Who’s Winning the ETF Battle?

    Related Posts

    Property

    UK seaside village where homes are selling for as little as £5,000

    July 31, 2025
    Property

    RICS report: Occupier demand for commercial property in NI has ‘strongest jump for three years’

    July 30, 2025
    Property

    Major improvement in yields and sales in this part of UK

    July 30, 2025
    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
    Commodities

    Commodities sector heading for gains ahead of US elections

    October 28, 2024
    Stock Market

    Woodside to Delist London Shares

    October 16, 2024
    Utilities

    Riviera Beach votes unanimously to terminate their utilities director

    July 18, 2024
    What's Hot

    G20 finance chiefs call for early signing of digital tax treaty

    July 27, 2024

    Bitcoin Mining Is So Back (Except It’s AI Now)

    July 18, 2024

    Sunac China warns of US$3.6 billion loss as housing slump hurts sales, assets

    March 17, 2025
    Most Popular

    La société Web plus intelligente stimule Bitcoin Holdings sur 346 BTC après avoir doublé la cible de collecte de fonds

    June 19, 2025

    la domination du Bitcoin (BTC) s’envole avant la réunion du FOMC, alors qu’une « explosion » de volatilité se profile

    May 6, 2025

    China’s property crisis unlikely to take center stage at Third Plenum

    July 16, 2024
    Editor's Picks

    Bitcoin Dips Below $64K as Altcoins Also Decline Today: Market Watch

    July 19, 2024

    Un investisseur en cryptomonnaies inculpé pour l’enlèvement et la séquestration d’un homme pour en obtenir son mot de passe Bitcoin

    May 25, 2025

    Le bitcoin baisse 5,5%, mais l’achat institutionnel augmente à plus de 1,3 milliard de dollars

    June 19, 2025
    Facebook X (Twitter) Instagram Pinterest Vimeo
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions
    © 2025 Invest Insider News

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