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Letting agents report 'perfect storm' facing them and their landlords

Letting agents report 'perfect storm' facing them and their landlords

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Letting agents are worried about landlords selling up, new legislation, rising costs and an upsurge of abuse across the sector. A https://www.propertymark.co.uk/" target="_blank" Properymark survey found that most feared landlords quitti

LAW: Landlord escapes �15,000 bill after tribunal's 'surprising' decision

LAW: Landlord escapes �15,000 bill after tribunal's 'surprising' decision

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Three tenants have only been awarded 20% of a rent repayment order application after a tribunal went easy on their forgetful landlord. Lawrence Hoo admitted he had not renewed an additional HMO licence for the property in St Marks Grove, Easton, Bristol, but had applied as soon

House prices to fall by 10 per cent this year says bank boss...

House prices to fall by 10 per cent this year says bank boss...

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Speaking at Davos, the Swiss ski resort where the World Economic Forum holds its annual meeting, Lloyds bank CEO Charlie Nunn said that the UK house price fall will be limited. His views are bolstered by recent numbers on the progress of the UK economy which managed a second

Scots 'flippant disregard' of PRS will make housing shortage worse

Scots 'flippant disregard' of PRS will make housing shortage worse

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The Scottish governments flippant disregard for the private rental sector will only exacerbate the housing crisis, warns industry group Propertymark, which wants an urgent review of landlord taxation. <figure id="" class="w-richtext-figure-type- " data-rt-type="" data-rt-align="

SHOCK: Rent rises hit 20% in London last year, reports big agency

SHOCK: Rent rises hit 20% in London last year, reports big agency

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London rental prices were a staggering 20% higher at the end of last year compared to 2021, with 18 renters competing for every new property. Foxtons Lettings Market Index reveals that at �551, Decembers average weekly rental price broke records for end-of-year prices. Centr

Legal notes: serving notice when there is no current gas safety certificate

Legal notes: serving notice when there is no current gas safety certificate

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When a tenant refuses the Gas Safe engineer access to a property to carry out gas safety checks the landlord is presented with a really difficult problem. Tenants denying access for things like safety checks, repairs and maintenance or regular inspections is not unheard off, in

LATEST: Big city to go live with controversial selective licensing plan

LATEST: Big city to go live with controversial selective licensing plan

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Nottingham councillors have agreed to ask the government to approve the citys new selective licensing scheme. Proposals for its second scheme will cover a slightly smaller area in the city than the current scheme, but would include some new areas such as parts of Broxtowe and

LICENSING: Landlord fails to appeal �2,500 fine for unlicenced HMO

LICENSING: Landlord fails to appeal �2,500 fine for unlicenced HMO

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A Haringey landlord has failed in his attempt to have a �2,500 fine thrown out by a First Tier Property Tribunal . The landlord, who the council won't name, was fined by Haringey private sector housing team for letting an unlicensed three-storey HMO in Hor

Think British evictions are a pain? Then try it in Germany warn landlord duo

Think British evictions are a pain? Then try it in Germany warn landlord duo

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German landlords have plenty in common with their British counterparts but must also contend with even longer legal battles, according to one young couple whove had to evict problem tenants. Sascha and Angelika Rothe live in southern Germany where an eviction action can take

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Housing market begins to "cool" amid higher number of properties for sale

Housing market begins to "cool" amid higher number of properties for sale

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The number of homes for sale has reached a new height as demand among house hunters “cools”, it has been revealed.

COMMENT: How do you get started investing in property?

COMMENT: How do you get started investing in property?

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How do you get started investing in property? A recent post on our LandlordZONE Forums got me thinking about this question

Tenants in Buckinghamshire fork out for the highest rents in the country

Tenants in Buckinghamshire fork out for the highest rents in the country

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Tenants in Buckinghamshire fork out for the highest rents in the country - even more than those living in London’s prime SW7 postcode.

Paragon Bank launches cheapest buy-to-let five-year fix in almost three years

Paragon Bank launches cheapest buy-to-let five-year fix in almost three years

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Paragon Bank has launched its cheapest buy-to-let five-year fix in almost three years, becoming the latest lender to offer landlords more attractive deals.

London Renters Union protest against “slumlords”

London Renters Union protest against “slumlords”

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London Renters Union protested against “slumlords” in the capital at the weekend, calling for housing justice for all.

Older tenants set for less financial security in retirement compared to homeowners

Older tenants set for less financial security in retirement compared to homeowners

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Older renters are heading for a bleak retirement with significantly less financial security than their homeowning peers.

Flawed grounds for possession will reduce the supply of student housing, NRLA warns

Flawed grounds for possession will reduce the supply of student housing, NRLA warns

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A flawed grounds for possession will reduce the supply of student housing, the NRLA has warned.

Landlords left with £30K bills after cannabis gangs took over their properties

Landlords left with £30K bills after cannabis gangs took over their properties

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Landlords were left with bills of up to £30,000 after cannabis gangs took over their properties and left them unliveable.

More firms look to rent office space than at any time since before the pandemic

More firms look to rent office space than at any time since before the pandemic

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More firms are looking to rent office space than at any time since before the pandemic, new Rightmove research has found.

Greater Manchester plea to sort out broken housing system

Greater Manchester plea to sort out broken housing system

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Housing groups across Greater https://www.landlordzone.co.uk/news/latest-manchester-landlords-given-last-chance-to-comment-on-licensing-expansion/" Manchester have urged MPs and local policymakers to step in and protect tenants from eviction, warning that the system is no

Commercial landlords struggle to see return on their investment

Commercial landlords struggle to see return on their investment

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Commercial capital property values fell 13% last year as rising interest rates impacted the sector, with industrial units taking the biggest hit. https://www.cbre.co.uk/" CBRE s monthly figures show values down 3% in December and annual total returns down by

Tenants forking out more for homes as rental price rises bite

Tenants forking out more for homes as rental price rises bite

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Private renters are facing an increase in housing costs, with rental price growth at its highest rate in the UK since records began in 2016. About a quarter (26%) of all renters (both private and social) surveyed between 7th and 18th December reported that their rent payments ha

BLOG: Ignoring deposit protection law can ruin some landlords - so seek advice

BLOG: Ignoring deposit protection law can ruin some landlords - so seek advice

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As landlords, we all know there is a wealth of legislation that we need to wrap our heads around to maintain compliance throughout the lifespan of a tenancy. Gas safety, energy efficiency, electrical safety, legionella risk assessments, insurances, prohibited payments, How to Rent, Right to

Landlords can no longer obstruct broadband upgrades

Landlords can no longer obstruct broadband upgrades

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New laws will make it easier for broadband companies to gain access to thousands of https://www.landlordzone.co.uk/news/latest-mps-gives-tenants-new-rights-to-have-high-speed-broadband-kit-installed-in-blocks/" blocks of flats across England and Wales. The Tel

Helping homeless to move on could be right up landlords' street

Helping homeless to move on could be right up landlords' street

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Landlords are being encouraged to donate the addresses of their vacant properties as part of a unique bid to stem homelessness. Dreamt up by architect Chris Hildrey, https://www.proxyaddress.co.uk/" ProxyAddress allows people to securely borrow a stable, donat

December dip makes small dent in rising house prices

December dip makes small dent in rising house prices

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Average house prices fell by -1.5% in December, while the annual growth rate dropped from +4.6% to +2.0%, according to the Halifax House Price Index. A typical property now costs �281,272 - down from �285,425 in November following six months of rapid growth during the firs

Industry finds holes in energy scheme's bid to cut bills

Industry finds holes in energy scheme's bid to cut bills

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Propertymark has voiced fears that the governments ECO plus scheme risks excluding many landlords with low-rated properties. In its response to the Department for Business, Energy and Industrial Strategys consultation into the scheme to help fund home insulation, the indus

Get a move on with PRS reforms, council tells Gove

Get a move on with PRS reforms, council tells Gove

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Cherwell District Council has pressed the government to urgently introduce the long-awaited Renters Reform Bill to help it rebalance the relationship between landlords and tenants. The north Oxfordshire authority has written to Housing Secretary Michael Gove asking him to bring

Business rates revaluation 2023 will hit small retailers hardest

Business rates revaluation 2023 will hit small retailers hardest

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All non-domestic properties usually have their business property Rateable Value (RV) revalued every five years by the Valuation Office Agency. The next revaluation is due to take place on 1 April 2023. What is Rateable Value? The value is determined by the Valuation

Modest drop in rental costs heralds busy start to the year

Modest drop in rental costs heralds busy start to the year

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The average cost of rent fell slightly during December, dropping 1.47% to �1,071, according to the latest Rental Index from https://www.goodlord.co/" Goodlord .<br><br>The South West saw the largest reduction of 2.68% to �1,066 while the only region to see an increase wa

Good relationships will make all the difference in a challenging year

Good relationships will make all the difference in a challenging year

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Landlords should think carefully before attempting to remove good tenants who resist rent increases, advises https://www.landlordaction.co.uk/ Landlord Action founder Paul Shamplina - or risk replacing them with tenants who stop paying rent. If you have a

Ban for letting agent who claimed £100K in Bounce Back loans

Ban for letting agent who claimed £100K in Bounce Back loans

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A letting agency boss has been hit with an 11-year ban after repeatedly abusing the https://www.landlordzone.co.uk/news/landlords-who-took-out-bounce-back-loans-given-six-month-breathing-space/" Bounce Back Loan scheme. Laszlo Szabo, the sole director of Letti

Majority of landlords will have to raise rents next year 'by at least 10%'

Majority of landlords will have to raise rents next year 'by at least 10%'

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Almost two-thirds of landlords (62%) will be forced to raise rents by at least 10% in the next 12 months if market conditions dont improve. Research by Aldermore Bank found that despite this, landlords feel conflicted about passing on costs in an alread

Legal & General reveals �5 billion investment in housing last year, including BTR.

Legal & General reveals �5 billion investment in housing last year, including BTR.

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Legal &amp; General Capital helped fund more than 17,000 new homes across affordable housing, suburban build-to-rent (BTR), modular housing, traditional build-to-sell, and key worker homes last year. The insurance group invested �5 billion towards levelling up the UKs towns

TENANT BLOG: What I think of the Government's looming renting reforms

TENANT BLOG: What I think of the Government's looming renting reforms

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If you havent heard of it before, the Renters' Reform Bill is set to be voted on before May 2023, bringing with it a plethora of proposed changes for landlords and tenants alike. Shelter , who along with other organisations are cam

BREAKING: Landlords cry foul over council's HMO planning rules change of mind

BREAKING: Landlords cry foul over council's HMO planning rules change of mind

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Long-term HMO landlords in Portsmouth risk losing their C3/C4 status with no chance of getting it back due to confusion over planning rules, it is claimed. Many took advantage of the option to switch between family use (C3) and HMO (C4) without needing planning permission in 201

COMMENT: My top 10 priorities for landlords in 2023

COMMENT: My top 10 priorities for landlords in 2023

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The rental sector is likely to see some of the biggest changes since the 1980s, so do your homework and keep yourself up-to-date. All the signs are that operating as a residential landlord in 2023 will be just as challenging as it was last year, if not more so here are my to

HONOURS: Leading property sector figure Kate Faulkner awarded OBE

HONOURS: Leading property sector figure Kate Faulkner awarded OBE

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Leading property sector figure Kate Faulkner has been given an OBE in the New Years Honours List. Faulkners honour is for her involvement with landlords, estate agents and consumers including her work leading the property industry Home Buying and Selling Grou

Commercial landlords are 'left in the lurch'� as more business tenants go bust

Commercial landlords are 'left in the lurch'� as more business tenants go bust

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The worst fears of a commercial landlord are realised when the flow on quarterly or monthly rent payments starts to dry up! Read on to find out what to do if you're faced with this. According to the latest available Office of National Statistics (ONS) figures, the number of comp

RISING panic reported among student landlords over plans for open-ended tenancies

RISING panic reported among student landlords over plans for open-ended tenancies

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The NRLA has backed the growing number of student landlords 'panicked' by the Governments plans to bring in periodic or open ended tenancies across the private rental sector. Concern is widespread within the student community, new research reveals, with 84% saying they

Landlord launches petition to bring back mortgage interest tax relief for BTL

Landlord launches petition to bring back mortgage interest tax relief for BTL

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A landlord in the Midlands has launched a parliamentary petition calling on the Government to reverse its Section 24 tax changes for landlords, which since 2017 has gradually removed their ability to claim mortgage interest rate against their tax liability. Announced by George O

Is yours one of them? 64% of PRS properties 'will not reach minimum EPC in time'

Is yours one of them? 64% of PRS properties 'will not reach minimum EPC in time'

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Nearly two-thirds of private rental properties wont reach proposed minimum EPC levels, according to new research. Data compiled for property data platform LandTech shows that 64% of private rental properties would fail to reach an EPC rating of C or abo

BREAKING: HMRC completely rejigs and delays MTD scheme for landlords

BREAKING: HMRC completely rejigs and delays MTD scheme for landlords

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Only landlords with property incomes over £30,000 will now need to comply with HMRC's looming https://www.gov.uk/government/publications/making-tax-digital/overview-of-making-tax-digital" target="_blank" Making Tax Digital (MTD) https://www

Abolishing Section 21 is 'sledge hammer to crack a nut' says property chief

Abolishing Section 21 is 'sledge hammer to crack a nut' says property chief

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One of Londons leading property management figures has said the Governments plans to abolish section 21 evictions is a sledge hammer to crack a nut and not an effective solution to the issue of bad landlords within the private rented sector. The comments come from An