Rising interest rates are piling the pressure on landlords and leaving some as mortgage prisoners, according to one mortgage expert. With most fixed rates now well over 6%, the interest costs can have tripled since some landlords last mortgage was taken, causing a perfe
More landlords looking for a quick and painless exit from the PRS are considering concessionary mortgages, it has been claimed. These little-known mortgage deals allow a sitting tenant to buy the property at a discounted price, based on a valuation. The seller must b
Landlord Actions Paul Shamplina (main picture) has explained to Radio 4 listeners how an almost broken court system and higher interest rates are driving a rush in Section 21 evictions before rent reform laws kick in. Speaking on the https://www.bbc.co
A landlord has failed to convince a court that stress and financial difficulties excused her from paying a rent repayment order. Instead, Jaya Sanahs four tenants will share �16,191 after ahttps://www.landlordzone.co.uk/tag/first-tier-property-tribunal-2...
Landlords are to wait many more months to find out the details of Government proposals to raise the minimum Energy Performance Certificate for rented properties. Energy minister Andrew Bowie (main picture) has admitted during a Lords debate that progress h
Lloyds has grown its rental portfolio to 1,000 properties and has another 700 in the pipeline as it bids to become one of the UKs biggest landlords, albeit far off its original objectives. The bank has some way to go if the publicly-owned institution is to meet its target of
An Upper Tribunal has slashed a landlords Rent Repayment Order by �16,000 after taking pity during an appeal hearing on her precarious financial position�. A First Tier Property Tribunal https://assets.publishing.service.gov.uk/media/6239f607e90e07799cd3de67/LO
A landlord in Norfolk has payed fines totalling �40,000 after he was found to have housed tenants in a way that put tenants at risk. Issues were reported at the Watton property (pictured) to Breckland Council last year, which prompted an inspection by officers who found a block
The Bank of England has this lunchtime raised its base rate by 0.5% as the venerable institution fights to bring down inflation, which yesterday was revealed to be sticking stubbornly at 8.7%, way above the bank's target of 2%. Commentators and mortgage holders alike had hoped t
The capital’s rental market continues to show signs of slowing down, with prices rising by just 1% year-on-year in May while the number of viewing request per property has dropped too.
Fergus Wilson has questioned whether new Reform UK leader Nigel Farage would restore Landlord Tax to the previous headline rate and put Capital Gains Tax down to a flat 10% for all landlords - the level of tax paid if held in a company.
Generation Rent has called for private rented homes to be brought into public or tenant ownership in its list of demands for the next government.
The rise of ‘built-to-rent’ homes as a major competitor for tenants with private landlords took a leap forward this week after two US firms revealed they had bought 1,750 homes off a UK builder that will now be rented out rather than sold.
When the terms of a commercial renewal lease cannot be varied in the agreed between the parties, according to the provisions of the Landlord and Tenant Act 1954
Nearly a quarter of mortgages on mid-rise flats required an ESW1 form this year, despite government promises that leaseholders in these blocks affected by the cladding scandal would no longer need one when selling or remortgaging.
Labour is likely to reintroduce the Renters (Reform) Bill in a similar form if it wins the election and has already confirmed its view that the court process needs speeding up.
Any new government must continue to encourage private landlords if it is to effectively tackle the housing crisis, according to property lawyer David Smith.
Calls are growing for a thorough overhaul of the EPC regime amid claims that the information in many could be inaccurate and misleading.
Landlords face even longer waits than normal to evict tenants in London after two big landlords were told that bailiff operations are to be suspended for the foreseeable future. This unusual situation has been blamed by officials on now confirmed health and safety reaso
Rent reforms wont work until the real problem of affordable housing waiting lists is addressed, according to leading property expert Kate Faulkner. Although MPs are focusing on the PRS, the housing crisis is nothing to do with the private sector, believes Faulkner, who sugges
Traditional landlords in the Midlands face growing competition as the region looks set to witness a big expansion in the build-to-rent sector. Birmingham led the way nationally in 2021, according to JLL, which reports that of the pipeline of 50,000 BTR homes outside London, 11,3
Landlords have increasingly fewer BTL mortgages to choose from as lenders withdraw products amid a rise in average fixed rates. Moneyfacts reports that since the beginning of last week, the number available has dropped from 2,748 deals to 2,343 while the average rate on two- and
A rogue landlord has lost a landmark case after she failed to convince an Upper Tribunal to overturn her banning order. <figure id="" class="w-richtext-figure-type- " data-rt-type="" data-rt-align=""><div><img src="https://cdn.prod.website-files.com/63bef2f3c329eff8e3a4af45/64cb99f6e035517f
Landlords in Scotland face further pain after it was announced today that it will for a second time extend the rent cap and evictions freeze first introduced in October last year to help combat rising inflation. The measures within the Cost of Living (Tenant Protec
The burgeoning build-to-rent (BTR) sector has been warned not to rest on its laurels as new research reveals slipping customer service standards. Consultancy hereSAYs BTR Mystery Shopping Benchmark Report found that although the developments still prese
Eleven tenants have been found crammed in a squalid and illegal HMO during a dawn raid on a three-bedroom house in Wembley. <figure id="" class="w-richtext-figure-type- " data-rt-type="" data-rt-align=""><div><img src="https://cdn.prod.website-files.com/63bef2f3c329eff8e3a4af45/64cb9a422825
A leading independent think tank and a leading London mayor have called for councils across the UK to be given powers to implement selective licencing schemes of any size without sign-off by the Secretary of State. Following legislative changes during the early noughties, the se
Regular Inspections: Conduct routine inspections of the property to identify any maintenance issues or potential problems. Check for leaks, cracks, signs of wear and tear, malfunctioning equipment, and safety hazards. Address these issues promptly to prevent further damage. With
Three-quarters of landlords will be forced to raise rents in the face of the new Renters (Reform) Bill , which as drafted will restrict their ability to refuse pets. A poll by buy-to-let broker Mortgages for Business found that 60% will raise re
A group of leading figures representing animal charities, pet owners and property managers have warned that much work will be needed in the coming months to make the Renters (Reform) Bill acceptable to landlords and tenants. The group, although welcoming the bill, tells <strong
The government has repudiated claims by one of its own MPs and a leading expert that the PRS is under pressure from reforms and rising levels of immigration. Home Office data shows that net immigration hit a record high of 606,000 last year. Based on the average household size o
A leading lawyer warns that by abolishing section 21 the government will be helping nuisance tenants at the expense of the weak and vulnerable. Under the Renters (Reform) Bill, landlords will be able to evict for behaviours capable of causing a nuisance or annoyance as opp
Removing Section 21 might not provide the hoped-for feelings of security and encourage tenants to complain when rental homes are in short supply, warns a housing charity. The TDS charitable foundations poll of 2,000 private renters found that a lack of affordable accommodatio
The UKs co-living sector has trebled since 2019 as the formerly London-centric concept catches on around the country. Popular with recent graduates and young professionals, co-living - which technically is often classsed as HMO - is a form of purpose-built rental housing gene
Reinstating mortgage interest relief for landlords would solve the nations ongoing rental property supply crisis and raise �400 million for the nations coffers, it has been revealed. Analysis by Capital Economics on behalf of the National Residential Landlords Association
Lease disputes are time consuming, costly and most can be avoided when leases are well drafted in the first place. This article addresses a case where the landlord failed to ensure that the lease was properly drafted. The lease gives a tenant the right to use the property for it
A legal charity still hopes to challenge the government over its Right to Rent policy despite failing to convince European judges that it increases racial discrimination in the rental market. Under the scheme, landlords have to check the immigration status of prospective tenants
Scores of housing groups and legal centres have called for ministers to abandon plans to remove licensing requirements for HMOs used as asylum accommodation. In anhttps://www.jcwi.org.uk/safe-homes-for-all" target="_blank" open letter t
The number of landlords selling up has hit record levels, leading property buying firm National Residential has reported. The company says this has been prompted to a significant degree by the long-standing uncertainty within the private rented sector created by the Government
Despite the fall in inflation, The Guardian is reporting https://www.theguardian.com/business/2023/may/24/uk-inflation-falls-cost-of-living-crisis" the financial markets are betting on an interest rate rises to 4.75% in June and 5.4% by the end of the year , the Office fo
A Conservative MP has called for tenants to be offered affordable homes in tourist hot spots if they can prove theyre local. During a Commons debate on short-term holiday lets, East Devon MP Simon Jupp (pictured) suggested that councils could be allowed
The NRLA says Government measures to abolish Assured Shorthold Tenancies (ASTs) will decimate the student housing sector if they go ahead unchanged. Featured within the Renters (Reform) Bill, this will see ASTs replaced with more flexible open-ended periodic tenancies
Commercial property is an important part of the UK economy, but the retail and office sectors as still suffering and rising interest rates present a real threat. A recent https://bpf.org.uk/media/6294/cl16688-01-bpf-economic-footprint-may23-v5-hi-res-single-pages.pdf" t
