Almost 250,000 BTL landlords face refinancing losses as borrowing rates near 7%, says Daily Telegraph.
The Governments Renters Reform Bill is unlikely to make progress through parliament until much later this year, housing minister Rachel Maclean has admitted. Maclean was unable to confirm when the bill would get a second reading during a Q&A with MPs from the Levelling Up
A team of independent fact checkers and campaigners has debunked Labours claims that most renters live in homes bought with a buy-to-let mortgage. Deputy leader Angela Rayner made the assertion last week, but charity Full Fact says the claim is technically incorrect, as it ho
A letting agency-owning landlord has been fined more than £17,000 for renting out one small room in an HMO to a family of five. Ruhul Shamsuddin and his company Lordsons Estates were found guilty of 23 housing offences relating to a
The Bank of England has warned that landlords with mortgages are under increasing strain from higher interest payments and other structural factors, all of which are likely to put pressure on their incomes�. The commentary is within the banks latest https:
Landlords arrears are growing at a faster rate than homeowners, according to new research that suggests fewer investors are being shielded from economic headwinds. https://www.octanecapital.co.uk/" Octane Capital found that buy-to-let arrears of more tha
Five tenants have shared a whopping �29,000 Rent Repayment Order after their landlord failed to licence its HMO. East London-based https://www.facebook.com/weletroomsuk/" We Let Rooms Ltd did not defend itself at a First Tier Property T
Corporate student housing giant expands as private HMO landlords exit, amid growing demand for purpose-built student accommodation (PBSA).
Landlord leader Ben Beadle has given Shelter a run for its money during a parliamentary committee evidence session on the Renters (Reform) Bill. Beadle, who is chief executive of the National Residential Landlords Association, wondered out loud during the meeting whether campaig
Changes in tax rules for buy-to-let landlords have definitely made the business of letting property more challenging, particularly with those who have taken on big mortgages to buy their rental properties. The removal of mortgage interest relief (Section 24 of the Finance Act) a
An Essex landlord has learned the hard way that unpicking rent-to-rent or guaranteed rent agreements can be a lot more difficult than many might believe. In a case handled by the Resolution Department Lead Suzy Hershman (main picture) and her team at
London letting agent fined £8,000 for misleading tenants and using intimidation tactics; company dissolved.
Jerseys private landlords have urged lawmakers to rethink radical plans to shake up the sector which they fear will exacerbate the housing crisis. The Jersey Landlords Association (https://www.jla.je/" JLA ) has
Landlords should give renters some of their equity gains when they sell up to stop the giant tenant rip-off, according to https://www.bigissue.com/ The Big Issue boss John Bird (main picture). Bird b
One hundred percent of letting agencies in Scotland say they have seen more landlords exiting the market since the countrys government brought in and then recently-extended a rent rise cap and evictions ban. Agents canvassed by trade organisation Propertymark also reported an
A consultation has opened into proposals not to charge landlords who are preparing a property to let or waiting to find a tenant the empty homes a council tax premium. The government wants to strengthen the existing long-term empty homes premium by applying this to properties th
UK house prices fell by 3.1pc on an annualised basis in the first quarter (Q1) of 2023 and an increase in interest rates have a dampening effect on the market. Inflationary pressures With inflation currently running at 8.7pc (CPI), this is well above the Bank of Engl
Statutory licensing scheme plans for visitor accommodation in Wales have got the thumbs down from many holiday home owners, short-lets landlords and residents. The proposals, which will see all holiday homes, https://www.landlordzone.co.uk/tag/airbnb-landlords/" target=
Trading Standards has released new guidance to help landlords and leaseholders get to grips with the Leasehold Reform (Ground Rent) Act. The law https://www.landlordzone.co.uk/news/advice-are-you-ready-for-the-leasehold-reform-act-going-live-on-30th-june/" target="_
A landlord in Wales has set a cat among the legal pigeons after winning a landlord Japanese knotweed compensation case in the Court of Appeal. Its three judges have agreed that Marc Davies, 38, must be paid just shy of �5,000 by his local authority Bridgend council which, it wa
A property estate worth �15m has been sold off as part of a complex court case involving a pair of divorcing professional landlords. The portfolio of 25 buildings was spread across four London boroughs and included both residential and commercial properties. The portfolio inclu
Estate agents have criticised the Governments plans to usher in a single ombudsman for the property industry, claiming it will have unintended consequences. Under the plans, the existing redress schemes for estate agents and their customers will be replaced by an overarching
Most landlords are still in the dark about EPC changes, a new survey has found, raising fears that they could be blindsided when proposed new rules become law in 2025. Only 57% of landlords with a single property and 77% of those with four or more properties in their portfolio a
Property lawyers have flagged up potential problems with eviction reform measures within the Renters Reform Bill white paper. An amendment to Section 8 notice evictions will expand the range of circumstances where landlords can seek possession when needing to sell or allow thems
Landlords in Yorkshire might have an ally in new Lib Dem councillor Felicity Cunliffe-Lister who stormed to victory in the recent Masham and Fountains by-election, a previously super-safe Conservative seat. The incoming North Yorkshire county councillor owns Swinton Estate, one
Official research has found that self-managing landlords are the least prepared when dealing with the legal requirements of the official Right to Rent scheme. It requires landlords of privately rented accommodation to conduct checks on all new tenants to establish if they have a
A leading landlord blogger has slammed Shelter for claiming in its latest press release that landlords are cashing in on higher rents by using Section 21 no fault evictions to repossess their properties. The comments are from http://www.thesecretlandlord.com
Short-term holiday properties will soon face a compulsory national registration scheme after and amendment has been to the Levelling Up and Regeneration Bill going through parliament. Such a move has been in the offing for several months and follows an initial https://w
The London borough of Greenwich has launched a consultation into renewing its additional licensing scheme. The previous scheme ran from October 2017 and ended in September, and the council now wants landlords and tenants to help it decide whether to start it up again from April
Landlords must ensure they amend the Welsh governments model tenancy agreements or risk eroding their rights, warns a leading property lawyer. Following the introduction of thehttps://www.landlordzone.co.uk/news/huge-changes-to-welsh-renting-laws-go-live-today-f
The Government has given buy-to-let landlords two compelling reason to sell-up, and fast: first is the overhaul of the rental rules coming next year, with indefinite tenancies and the end of section 21 evictions, and second comes the eroding of capital gains tax, tax free allowances. <p
New government funding to explore how technology can help dispute resolution could reduce the backlog of court cases, including possession hearings. The Solicitors Regulation Authority (SRA) has been awarded �119,691 from the Department for Business, Energy & Industrial St
Investigations have thrown new light on a series of solar energy investments which failed to switch the lights on for Thurrock Council. Conservative led Thurrock Council has saddled itself with an almost �500 million debt when it tried to bridge a funding gap by taking on risky
In this episode of the property cast, Eddie and Paul are joined by Nigel Lewis - award-winning property journalist and Editor in Chief at LandlordZONE, the most visited landlord news website in the UK. Nigel Lewis is a property writer and editor with a 27-year track record working for nation
In this episode of The Property Cast, Eddie and Paul are joined by Maxine Fothergill, President of the leading membership body for property agents, ARLA Propertymark. The trio discuss the topical issue of rental reform and ROPA, delving into the detail of what lies ahead for age
In this episode of The Property Cast, we discuss the myriad of issues surrounding damp, mould and condensation a common problem for landlords and letting agents alike. To explore this topic, Sean Hooker, Head of Redress at the Property Redress Scheme, steps into Eddies sh
Portsmouth is to go ahead with its contested additional licensing scheme but has promised to reward good landlords by charging them a lower licence fee and doing fewer inspections. Landlords had urged their council not to go ahead with plans to extend licensing to about 4,000 th
The long awaited renting reforms first muted in 2019 will be implemented next year, promises Housing Secretary, Michael Gove MP. Admitting that the Government should have moved more quickly� on these reforms to protect tenants following the Grenfell Tower tragedy, Mr Gove
A landlord battling to evict his nightmare tenants using a Section 8 order is exasperated that county court bailiffs encouraged them to stay put. The Cumbrian-based landlord had been granted a possession order, but his tenants - on bail for alleged drug offences and owing �3,00
The Government has averted a looming crisis in the HMO sector that would have seen many tenants charged individually for council tax, rather than paying a share of the propertys annual bill. As LandlordZONEhttps://www.landlordzone.co.uk/news/exclusive-official-counci
London Renters Union will picket successful estate agents across the capital next week who it blames for pushing up rents to unaffordable levels. Protests are planned in Tower Hamlets, Hackney and Crystal Palace on 3rd December by activists who have taken partic
The Welsh government has given a strong indication that landlords and property owners operating Airbnb holiday homes within its borders are to face a compulsory licensing scheme similar to the Rent Smart Wales scheme for the traditional private rental sector. This follows a parl
Landlords long-standing criticisms of health and safety regulation that tenants are often the cause of problems such as mould or water leaks look set to be addressed in new government guidance. Councils inspecting rented properties will be formally instructed to exami
Housing Secretary Michael Gove has ordered council bosses to prove they are assessing and improving damp and mould problems in the PRS. Following the death of toddler Awaab Ishak as a direct result of mould in his family home, Gove says theres an urgent need to ensure a decen
The tragedy of the death of two-year-old Awaab Ishak in a Rochdale social housing flat rests heavily on the minds of landlords across the country: could this happen in one of my own properties they might well ask? The answer is probably, yes it easily could. In a winter with ris
A Japanese knotweed infestation caused homeowner Charron Ishmael to take her neighbour, retired NHS consultant Dr Sheila Clark, to court over a dispute about the plant. Charron Ishmael was selling her property but because of the presence of the invasive plant in her neighbour
HMO landlords have again been warned that they must pass on the Energy Bills Support Scheme (EBSS) rebate to tenants as the first payments are made, this time by business secretary Grant Shapps (pictured). https://www.landlordzone.co.uk/news/latest-official-plans-to-for
Merton Council, which includes the famous Wimbledon lawn tennis centre, is embarking on a big push to license all rented properties and HMOs in the borough as well as limiting the growth of small HMOs. It wants landlords to take part in its new consultation on plans for <strong
Complaints from landlords and letting agents have been passed to LandlordZONE about a rent-to-rent provider whose founder is lauded online for raking in up to �12,000 a month. <figure id="" class="w-richtext-figure-type- " data-rt-type="" data-rt-align=""><div><img src="https://uploads-
Landlords face higher bills from next year after Chancellor Jeremy Hunt slashed the annual threshold for Capital Gains Tax from �12,300 to �6,000 next year and �3,000 from April 2024. Although a rise in CGT didnt materialise, he followed the Office of Tax Simplification
Landlords have accused the Government of "breaking the private rented sector" with its relentless regulatory and tax policies. The comments have been made by the NRLA, which says that while demand for rented homes is rising as home ownership becomes less affordable, the number o
Brighton & Hove Council is squeezing its HMO sector even harder by introducing a tough new set of policies designed to reduce their impact on local communities. Its City Plan Part 2 includes new guidance for those applying for planning permission as well as rules covering bu
