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VOTE: Scots rent rises to be capped at 3% until October, MSPs agree

VOTE: Scots rent rises to be capped at 3% until October, MSPs agree

News

Scottish MSPs have voted through a rent cap and extension of the eviction ban until 30th September. The rent cap for private sector tenancies will increase to 3% from 1st April under the amendment to the https://www.gov.scot/publications/cost-living-ten

NEW: Worcester latest to propose city-wide HMO licencing scheme

NEW: Worcester latest to propose city-wide HMO licencing scheme

News

All HMO landlords in Worcester will soon have to buy a licence if councillors back a new additional licensing scheme. The city has operated an additional scheme since September 2015 but amended it in 2020 to cover only the wards of Arboretum, Bedwardine, Cathedral and St Clement

Landlords LEFT OUT of new 'forbearance' guidance for mortgage holders

Landlords LEFT OUT of new 'forbearance' guidance for mortgage holders

News

Landlords have been left out of measures announced today designed to support mortgage holders during the cost of living crisis. The guidance, which has been issued by the Financial Conduct Authority (FCA) updating borrowers responsibilities to their existing mortgage holders,

FIRST rent repayment order against landlord issued following landmark case

FIRST rent repayment order against landlord issued following landmark case

News

A landlord who tried to claim that he was the superior landlord of an unlicensed HMO has failed in his bid to avoid paying a Rent Repayment Order. In the first RRO case since the landmark�

'Zero-rate VAT for property upgrades if you want to hit EPC targets' say big landlords

'Zero-rate VAT for property upgrades if you want to hit EPC targets' say big landlords

News

The British Property Federation (BPF) has called on the government to zero rate VAT on building repair and maintenance to incentivise essential upgrades across the residential sector or risk missing its 2050 net zero target. In the run-up to next weeks Budget, it says the

Politician warns big landlord fines by councils 'can be seen as hypocritical'

Politician warns big landlord fines by councils 'can be seen as hypocritical'

News

A Suffolk councillor has spoken out against targeting private landlords with tougher regulations when authorities face similar problems with their own housing stock. Both Babergh and Mid Suffolk councils have agreed that civil penalties of up to �30,000 should be used to deter

NRLA chief Ben Beadle cleared of misleading MPs on rent supply

NRLA chief Ben Beadle cleared of misleading MPs on rent supply

News

NRLA boss Ben Beadle clears his name, confirming he did not mislead MPs about private rental supply shortages.

A year in review for agents: The PRS annual report 2022

A year in review for agents: The PRS annual report 2022

Information

The Property Redress Scheme annual report 2022 has just been released and reflects on

Retro-fitting buildings for energy efficiency - is it worth it?

Retro-fitting buildings for energy efficiency - is it worth it?

Information

Refurbishing, or in the jargon - retrofitting - older commercial and residential buildings, according to the Government, is desirable and necessary, given that energy efficiency standards that will need to be met under the Governments legal commitment to net zero by 2050. But

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Big London council reveals carrots and sticks for landlords

Big London council reveals carrots and sticks for landlords

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News
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Hackney Council has promised landlords financial support to stay in the PRS while beefing up licensing and getting tough on short-term lets.

Record number of landlords taking courses, says NRLA

Record number of landlords taking courses, says NRLA

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Record numbers of landlords pursuing training, says NRLA—upskilling on the rise.

Chancellor's tax grab set to make housing crisis worse - claim

Chancellor's tax grab set to make housing crisis worse - claim

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News
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Abolishing Multiple Dwellings Relief will intensify problems of chronic undersupply in the property market, according to one tax expert.

Landlords reprieved from new empty homes crackdown

Landlords reprieved from new empty homes crackdown

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News
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Landlords who are preparing a property to let or waiting to find a tenant will get a reprieve from empty homes council tax premiums.

Landlords begin returning to market in London

Landlords begin returning to market in London

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Landlords appear to be returning to the capital, with new instructions in February up 19% year-on-year, according to London agent Foxtons.

NE Landlords gets new look in push across UK

NE Landlords gets new look in push across UK

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News
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North East Landlords has rebranded as GB Landlords as it expands its reach into the capital ahead of its first London event.

Tenant challenges highlighted in new ad response

Tenant challenges highlighted in new ad response

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I received 84 private messages in 24 hours to one advert for my property in the northeast - it's a stark indication of how demand is outstripping supply.

He's started so he'll finish! Tech expert is landlord whizz

He's started so he'll finish! Tech expert is landlord whizz

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News
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A young landlord from London has won the first heat of Paul Shamplina’s Mastermind-style competition at the National Landlord Investment show.

One budget, one great shock to the furnished holiday let fraternity!

One budget, one great shock to the furnished holiday let fraternity!

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News
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Owning a furnished holiday let (FHL) or second home in the country has long been the dream for many people - has the Government just ended that dream?.

NI landlords face hefty fines over new electricity laws

NI landlords face hefty fines over new electricity laws

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News
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Landlords in Northern Ireland face large fines if they don’t comply with electrical safety rules introduced this week.

Trickle vents combat damp in rental properties

Trickle vents combat damp in rental properties

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News
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Tom Entwistle reflects on the Spring Statement which he says was not so much an emergency budget, more an update on the state of the economy with a few tweaks.

Boost in BTL data reflects activity of larger wealthier landlords

Boost in BTL data reflects activity of larger wealthier landlords

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News
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BTL data surge reveals wealthier, larger landlords expanding portfolios amid market recovery.

Average rents in England rise for the third month in a row to £1,213 in March

Average rents in England rise for the third month in a row to £1,213 in March

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News
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The average price of a rental property in England rose for the third month in a row to £1,213 in March, it has been revealed.

London properties offered at historic discounts

London properties offered at historic discounts

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News
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Investors can snap up prime central London properties at historic discounts equivalent to those seen in the early 1990s, according to new research by Savills.

Half of renters lack contents insurance, Monzo claims

Half of renters lack contents insurance, Monzo claims

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News
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Half of private renters either don’t have contents insurance or don’t know what it is, leaving them financially vulnerable to theft, damage, or loss.

Only 2.5% of rented homes affordable for benefit tenants

Only 2.5% of rented homes affordable for benefit tenants

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News
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Only 2.5 % of rented homes in England are affordable for tenants on housing benefit, reveals housing crisis report.

Billionaire landlord ordered to repay £263K for unlicensed HMOs

Billionaire landlord ordered to repay £263K for unlicensed HMOs

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News
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A billionaire landlord has been ordered to repay tenants £263,555 for operating two East London buildings as unlicensed HMOs.

House price growth steady despite stamp duty changes

House price growth steady despite stamp duty changes

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News
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House price growth remained steady last month, but is expected to soften in the coming months as the stamp duty holiday comes to an end.

Third of landlords plan to sell in next year, says Landbay

Third of landlords plan to sell in next year, says Landbay

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More than a third of landlords plan to offload some of their rental properties in the next 12 months, according to a new survey.

Avoid repeat of rent restrictions, urges Scottish lawmakers

Avoid repeat of rent restrictions, urges Scottish lawmakers

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News
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Letting agents have urged Scottish lawmakers not to repeat the mistake of restricting rents that has ultimately increased costs for tenants.

Scotland raises £13M/week in property tax revenue

Scotland raises £13M/week in property tax revenue

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News
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Almost £13million a week was raised in property taxes for the Scottish Government, new analysis has revealed.

Student rents may surge due to renters’ rights bill

Student rents may surge due to renters’ rights bill

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News
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Landlords warn that the Renters' Rights Bill could drive student rents higher.

Landlords could face CGT hike if economy dips, IFS warns

Landlords could face CGT hike if economy dips, IFS warns

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News
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Landlords could face a hike in Capital Gains Tax (CGT) if the economy dips before the Autumn Budget, the Institute of Fiscal Studies (IFS) has warned.

The Making Tax Digital net is closing on landlords

The Making Tax Digital net is closing on landlords

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News
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Making Tax Digital rules expand—what landlords need to know before mandatory compliance arrives.

With the RRB on the horizon, is it better to manage your rental yourself or hire an agent?

With the RRB on the horizon, is it better to manage your rental yourself or hire an agent?

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A letting agent ensures compliance with the Renters' Rights Bill and simplifies property management.

Choice of BTL mortgage deals hits record high

Choice of BTL mortgage deals hits record high

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News
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Landlords searching for a new deal will find the choice of buy-to-let mortgages has hit a record high, with 3,860 products available.

Spring statement fails to address rental crisis, NRLA says

Spring statement fails to address rental crisis, NRLA says

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News
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NRLA says Spring Statement failed to address the escalating UK rental crisis.

Landlords see profits soar from downsizing “loophole”

Landlords see profits soar from downsizing “loophole”

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Landlords are profiting by selling before the Renters' Rights Bill, then reinvesting in post-Bill bargains.

Landlords are being brought "into line” - but more needs to be done to tackle PRS pressures, suggests Labour MP

Landlords are being brought "into line” - but more needs to be done to tackle PRS pressures, suggests Labour MP

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News
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The Government has started to “bring landlords into line”, but more needs to be done to tackle the pressures in the private rented sector, a Labour MP has suggested.

One in five tenants borrow money for their deposit

One in five tenants borrow money for their deposit

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News
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One in five renters has borrowed money that needs to be paid back for their five-week cash deposit, putting them in a precarious financial position before moving in.

Landlords struggling with “needlessly complex” HMO licence renewal applications are selling up

Landlords struggling with “needlessly complex” HMO licence renewal applications are selling up

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News
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Landlords struggling with “needlessly complex” HMO licence renewal applications are fed up and selling up, according to Portsmouth & District Landlords Association (PDPLA).

Search for Landlord of the Year begins

Search for Landlord of the Year begins

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News
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The search is on for Landlord of the Year as part of this year’s LIS (Landlord Investment Show) Awards.

Landlords must use new digital tax software, the Chancellor confirms

Landlords must use new digital tax software, the Chancellor confirms

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News
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Landlords will have to use the new Making Tax Digital for Income Tax Self-Assessment system, the Chancellor has confirmed.

Spring statement misses opportunity for landlords

Spring statement misses opportunity for landlords

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News
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The Spring Statement proved a missed opportunity for landlords and stamp duty, it has been suggested.