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Isle of Wight to slap council tax on holiday homes rented out under 70 days

Isle of Wight to slap council tax on holiday homes rented out under 70 days

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The Isle of Wight Council has vowed to charge owners of second homes and empty properties more council tax as soon as it gets the go-ahead from the government. Its ruling Alliance Administration had suggested putting a 100% tax premium on second homes and empty properties, howev

City money 'only route to quality rented homes at volume', says leading figure

City money 'only route to quality rented homes at volume', says leading figure

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A senior figure from the banking world has claimed that institutional investment is the golden ticket to solve the UKs supply and quality problems within the private rented sector (PRS). Cedric Bucher (main image), who heads up Hearthstone Investments </st

Another Tribunal says landlord NOT responsible for rent repayment order

Another Tribunal says landlord NOT responsible for rent repayment order

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Another First Tier Property Tribunal has confirmed that a superior landlord cannot be held responsible for a Rent Repayment Order (RRO), following the landmark Rakusen case. Tenant Riaz Moola had tried to argue that landlord Khalil Mbarek was responsible for the property in t

Stop trying to win 'cheap brownie points' with renters, lender tells Government

Stop trying to win 'cheap brownie points' with renters, lender tells Government

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The Government must stop its ongoing and irresponsible attempts to curry favour with tenants via its looming reform of the private rented sector, a buy-to-let lender has said. Mortgages for Business boss Gavin Richardson (main

LATEST: London landlord duo convicted of �1 million benefits fraud

LATEST: London landlord duo convicted of �1 million benefits fraud

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A landlord couple have been convicted of a �1 million benefit fraud stretching over 20 years. Emmanuel Bay , 68, and Nancy Bay , 67, of Sudbourne Road, Brixton (pictured), were found guilty of 21 offences between 1999 and 2018 under t

Landlord's troubles just go from one crisis to the next...

Landlord's troubles just go from one crisis to the next...

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Home Reit, an investment trust landlord, was set-up to house Britains homeless. But the company has found itself running into increasing difficulties, with tenants' complaints and failed rent payments, a negative short-seller's report, a financial squeeze with falling stock prices and al

Landlord leader: Minister 'must tackle crumbling eviction courts '

Landlord leader: Minister 'must tackle crumbling eviction courts '

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A boost in court resources as well as measures to fast-track the most serious possession cases related to anti-social behaviour and rent arrears will be vital post-Section 21, says NRLA chief executive Ben Beadle . Without reform, a rise in cases will add t

Big council says HMOs 'fundamentally change areas' as it clamps down

Big council says HMOs 'fundamentally change areas' as it clamps down

News

Councillors in Reading are set to rubber stamp plans to extend restrictions on the number of HMO conversions. An Article 4 direction already covers parts of the town where HMOs are prevalent, in much of Park, Redlands and Katesgrove wards, as well as Jesse Terrace.

Landlords seeking to convert commercial into residential warned by trade body

Landlords seeking to convert commercial into residential warned by trade body

News

Propertymark has called for a set of standards for developers and clear guidance for local councils as a way to effectively convert empty commercial properties into affordable homes - an increasingly popular path for some bigger PRS landlords. Responding to an inquiry from all-p

Is converting commercial buildings to residential use a viable proposition?

Is converting commercial buildings to residential use a viable proposition?

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Converting commercial buildings to residential use would seem an ideal solution to a housing shortage, especially with and a glut of underused commercial buildings, but how easy is it? The planning regulation changes have made it easier to convert commercial buildings to residen

BREAKING: New mandatory 'How to Rent' guide delayed for a week

BREAKING: New mandatory 'How to Rent' guide delayed for a week

News

The new How to Rent guide due to come out today (17th March) has been delayed for a week, according to industry sources. The new guide forms part of the prescribed information that landlords in England must issue at the start of any new tenancy or renewa

John Lewis build-to-rent plans stall as locals oppose huge apartment 'towers'

John Lewis build-to-rent plans stall as locals oppose huge apartment 'towers'

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John Lewiss build-to-rent strategy appears to be stalling amid local opposition to its plans for large developments in West Ealing and Bromley. The retailer has just announced pre-tax losses of �234 million as sales dipped 2% last year, making it even more vital to find new

'Disappointing' - housing chiefs slam lack of property measures in Budget

'Disappointing' - housing chiefs slam lack of property measures in Budget

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Landlords, estate agents and surveyors have all given yesterdays Budget an unqualified thumbs down after the Chancellor chose to focus on economic growth but ignore several problem threatening to engulf the housing market. All have said the budget was disappointing and a m

BUDGET: Scrapping lifetime pension fund limit 'will reduce BTL investment'

BUDGET: Scrapping lifetime pension fund limit 'will reduce BTL investment'

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Despite new research showing that one in four people plan to invest in property to generate retirement income, Chancellor Jeremy Hunt's scrapping of the 'lifetime pension fund limit' could dampen demand for BTL property, says Cornerstone Tax. The impact of inflation on savings a

'A budget that does nothing to help struggling renters', says Shelter

'A budget that does nothing to help struggling renters', says Shelter

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Shelter has slammed the Chancellor for failing to raise Local Housing Allowance (LHA) rates in his spring Budget. The homeless charity says Jeremy Hunt could have put an end to spiralling homelessness, but instead, he has stuck his head in the sand. Yet again we

Leading economics expert says 'enough is enough' for bruised landlords

Leading economics expert says 'enough is enough' for bruised landlords

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Sunday Times economics editor David Smith has expressed sympathy for private landlords who he believes feel bruised by increasing regulation in the sector. He says higher mortgage rates might be the straw that breaks the camels back for many, with some alrea

Gap between renting and home ownership cost narrows as mortgage payments rise

Gap between renting and home ownership cost narrows as mortgage payments rise

News

First time buyers remain better off owning than renting an equivalent home, Lloyds Bank says, but the gap is narrowing. Its latest Owning vs Renting Review reveals that owning a first home now costs �971 a month, four percent less than renting at �1,013.

BUDGET 2023: Hunt ignores pressing needs of landlords and tenants

BUDGET 2023: Hunt ignores pressing needs of landlords and tenants

News

The government failed to offer long-term support for energy efficiency improvements or increase the Local Housing Allowance in a Budget which instead focused on getting the country back to work. Chancellor Jeremy Hunt extended support for energy bills at current levels of �2,50

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Nottinghamshire landlord fined £17,500 after ignoring licencing scheme

Nottinghamshire landlord fined £17,500 after ignoring licencing scheme

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A Nottinghamshire landlord has been fined £17,500 after local council officers discovered he was operating two properties without a licence.

Rents have risen 35% since 2020 reveals latest lettings index

Rents have risen 35% since 2020 reveals latest lettings index

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Rental prices could increase by almost 20% over the next 12 months, putting the country in a cost of renting crisis, warns one lettings boss.

Ousted Scots minister tells SNP to honour rent controls plan

Ousted Scots minister tells SNP to honour rent controls plan

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Ousted tenants right minister Patrick Harvie has urged the SNP’s new leader John Swinney to honour the government’s Bute House pledge to deliver rent controls and stronger tenant rights.

Renting reforms 'to outlaw rent in advance' claims expert

Renting reforms 'to outlaw rent in advance' claims expert

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Landlords could find themselves in a legal tangle when asking for rent in advance if the Renters Reform Bill goes forward as drafted.

Government reforms undermining landlord confidence, says big firm

Government reforms undermining landlord confidence, says big firm

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A leading letting agency in London has claimed that the Government’s Renters (Reform) Bill going through parliament, along with promises by Labour to go even further than the Tories if they gain power, are eroding landlord confidence in the private rented sector.

Letting agency to appeal banning order that will close it down

Letting agency to appeal banning order that will close it down

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A letting agency in Liverpool has vowed to appeal a banning order successfully sought by the city’s council after the firm was found to have been operating unlicenced HMOs.

Think about how an Energy Efficient Home Design will improve your tenant’s lives

Think about how an Energy Efficient Home Design will improve your tenant’s lives

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Improving your rental properties will make your property more efficient, easier to let and get your tenants to stay longer

Capital Economics predicts US commercial real estate won't recover until 2040‍

Capital Economics predicts US commercial real estate won't recover until 2040‍

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News
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High interest rates, higher operating costs and a shift to remote working have conspired against office space in particular

UK Commercial property market is still feeling the effects of Covid‍

UK Commercial property market is still feeling the effects of Covid‍

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COVID impact still being felt on UK high streets four years on from the first lockdowns: commercial real estate lending is down but agents see signs of optimism.

BLOG: 'Small landlords are under siege and it won't end well'

BLOG: 'Small landlords are under siege and it won't end well'

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The UK’s private rental sector is undergoing one of the most dramatic shifts in decades and not for the better says leading broker.

Big NW council brings in unusual 'immediate' HMO restrictions

Big NW council brings in unusual 'immediate' HMO restrictions

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Halton council, which includes two big towns outside Liverpool, wants to heavily restrict HMO conversions.

Two thirds of landlords 'unprepared' for renting reform tsunami

Two thirds of landlords 'unprepared' for renting reform tsunami

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Only one in six landlords (16%) are fully prepared for the Renters’ Rights Bill says new poll.

Labour's NI taxation plan for landlords to cost £722 per property

Labour's NI taxation plan for landlords to cost £722 per property

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The true extent of extra cost faced by landlords by the Chancellor's NI plans are revealed.

'Ensuring tenants can pay their rent isn't controversial'

'Ensuring tenants can pay their rent isn't controversial'

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Fergus and Judith Wilson say their reputation isn't justified, and argue that they are good landlords.

Council faces backlash over selective licensing scheme renewal

Council faces backlash over selective licensing scheme renewal

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Private tenants already been warned that rents will rise by £15 a month to pay for new scheme.

Angela Rayner urged by nearly 50 organisations to U-turn on pet damage insurance

Angela Rayner urged by nearly 50 organisations to U-turn on pet damage insurance

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Pet campaigners have written to Angela Rayner in a last-ditch attempt to reinstate landlords’ ability to require pet damage insurance in the Renters’

Council leader attacks 'hard-nosed' landlords over illegal HMOs

Council leader attacks 'hard-nosed' landlords over illegal HMOs

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Essex borough of Basildon reveals huge crackdown on landlords who run unlicensed HMOs.

Small-Scale Build-to-Rent, a hidden gem opportunity for SME landlords

Small-Scale Build-to-Rent, a hidden gem opportunity for SME landlords

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Direction of travel: all the regulatory changes to the private rented sector (PRS) say, it’s go bigger or get out

How have Labour changed the lettings market in one year?

How have Labour changed the lettings market in one year?

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Labour’s first year: Renters' rights up, reforms underway, pace lags promises.

New report reveals shocking facts about UK's rogue landlords

New report reveals shocking facts about UK's rogue landlords

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News
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A major investigation into rogue landlords within he private rented sector has made some shocking claims.

BLOG: 'Renters' Rights Bill will change everything for landlords and tenants'

BLOG: 'Renters' Rights Bill will change everything for landlords and tenants'

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Landlord and tenant dispute specialist explores some of the key issues that the looming Renters' Rights Bill will throw up.

Labour's NI tax raid 'to hit millions of pensions'

Labour's NI tax raid 'to hit millions of pensions'

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Landlords have claimed that HM Treasury plans to charge National Insurance (NI) on rents is a raid on millions of people’s pension

BLOG: 'Any NI raid on rents will hit HMO landlords hardest'

BLOG: 'Any NI raid on rents will hit HMO landlords hardest'

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COHO founder Vann Vogstad says HMO landlords will shoulder a particularly large share of any NI levy on rental income.

Westminster to renew £1,540 licensing scheme for smaller HMOs

Westminster to renew £1,540 licensing scheme for smaller HMOs

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London’s Westminster Council has revealed plans to renew its additional HMO licensing scheme covering many of the borough’s streets.

Plan for landlords to pay NI on rental income revealed

Plan for landlords to pay NI on rental income revealed

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Landlords face paying national insurance on their rental income if plans leaked by HM Treasury this morning make it into the Autumn budget.

Businesses in England face double whammy as business rates are reviewed in 2026

Businesses in England face double whammy as business rates are reviewed in 2026

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There will be an “unavoidable double hit” to property taxation next year when the business rates review combines with rising inflation

South of England council latest to clamp down on smaller HMOs

South of England council latest to clamp down on smaller HMOs

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Spelthorne council to the south of Heathrow Airport has changed it mind on HMO 'threat' following complaints.

Council becomes first in UK to take over a landlord's homes after licensing failures

Council becomes first in UK to take over a landlord's homes after licensing failures

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A landlord in London is the first in the UK to have their properties taken over ‘long-term’ by a council.

Labour's plans to abolish fixed term tenancies 'will destroy student lets'

Labour's plans to abolish fixed term tenancies 'will destroy student lets'

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The Government has been warned that its refusal to give student landlords an exemption from plans to scrap fixed-term tenancies will see the universit

SHOCKING 70% of tenants unaware of Renters' Rights Bill

SHOCKING 70% of tenants unaware of Renters' Rights Bill

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Report shows reforms will have little impact on sector if tenants are largely unaware of their new rights.

New partnership to reduce the stress of moving home for tenants

New partnership to reduce the stress of moving home for tenants

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A new partnership enables landlords' tenants to move into their home more easily, it has been announced.

Plan launched in Scotland to bring in rent caps 'immediately'

Plan launched in Scotland to bring in rent caps 'immediately'

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MSP Maggie Chapman wants an immediate introduction of rent caps to prevent 'brutal' rent rises by 'rogue landlords'.

Lodgers Limits - taking in a lodger - is there any limit to the number of rooms? 

Lodgers Limits - taking in a lodger - is there any limit to the number of rooms? 

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Lodgers Limits - Is there any limit to the number of rooms I can rent out to lodgers, and are there any other implications?

Big property firm advises landlords to adopt 'pet clauses' in rental contracts

Big property firm advises landlords to adopt 'pet clauses' in rental contracts

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John D Wood says landlords must adapt ahead of changes within the Renters' Rights Bill.