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Buying a rental property with a sitting tenant - what do I need to know?

Buying a rental property with a sitting tenant - what do I need to know?

Information

If you buy a rental property with a tenant in place, a sitting tenant�, there are some important issues you need to address.</h4>When a landlord decides to sell a rental property, they have two options: give notice to the tenant and obtain vacant possession before selling, or

Three steps to maximising return on investment!

Three steps to maximising return on investment!

Opinion

Boost your ROI with three proven steps: calculate yields accurately, minimise costs smartly, and stage your property for the best returns.

The results of The Ultimate Landlord Show

The results of The Ultimate Landlord Show

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This week saw LandlordZONE's Paul Shamplina join forces with Landlord Sales Agency's David Coughlin in a packed webinar at The Ultimate Landlord Show. The two Landlord hea

Can I increase the rent?

Can I increase the rent?

Information

Its a sensitive time to be talking about increasing the rent, but the time will come when this question needs to be addressed </h4>Most landlords have done their utmost to help their tenants through the pandemic crisis, when they can afford it, but as the

The number of homeowners taking in lodgers triples over 10 years

The number of homeowners taking in lodgers triples over 10 years

News

Research into the value of the tax relief claimed using the Rent a Room scheme shows huge take-up. </h4>Since 2009, the total value of relief declared as a result of the governments Rent-a-Room Scheme has increased by 187%, according to the latest availabl

Tickets going fast as Paul Shamplina joins Landlord Sales Agency’s David Coughlin for the first time in The Ultimate Landlord Show

Tickets going fast as Paul Shamplina joins Landlord Sales Agency’s David Coughlin for the first time in The Ultimate Landlord Show

Sponsored

It's the upcoming online event that's got everyone talking, and with just days to

Labour launches all-out assault on government's private rented sector policies

Labour launches all-out assault on government's private rented sector policies

News

New shadow housing minister Lucy Powell has taken aim at the governments failure to protect renters, leaseholders, first-time buyers and local communities, in her maiden speech in the role. During a debate on affordable and safe housing, she told the Commons that its housing

Deposit warning: Landlord narrowly avoids �83,760 fine after failing to protect

Deposit warning: Landlord narrowly avoids �83,760 fine after failing to protect

News

Given that the deposit protection rules were introduced in 2004, most landlords are aware of them by now, but people still fall foul of the rules, says Tom Entwistle. The legislation introduced by the Housing Act 2004 gives tenants and their

Landlord's plea: Why won't police help me evict drug-dealing tenant?

Landlord's plea: Why won't police help me evict drug-dealing tenant?

News

A landlord whos been waiting for a court to hear his application to evict a drug-dealing tenant for more than a year fears his case could be further delayed due to a lack of police co-operation, he has told LandlordZONE . CCTV captured the woman letting

Portfolio Landlords: Now is the time to sell your properties for the best price

Portfolio Landlords: Now is the time to sell your properties for the best price

Opinion

By David Coughlin, CEO, Landlord Sales Agency

How Rick Gannon went from career break to £7m HMO portfolio

How Rick Gannon went from career break to £7m HMO portfolio

News

Rick Gannon became an accidental landlord when his first property was in negative equity and decided to rent it out. Fast-forward a few years and he and wife Lorraine had made a substantial amount on the sale so decided to use the proceeds to buy other properties to rent wit

Salford to begin huge new £1,085-per-property HMO licensing scheme

Salford to begin huge new £1,085-per-property HMO licensing scheme

News

Salford has given the go-ahead to a new licensing scheme for smaller HMOs in response to a rise in safety problems and resident complaints. The scheme covering the entire city - takes effect on 19th July and costs landlords �1,085 to licence shared homes where three or four

Suspended sentence for banned engineer who issued fake Gas Safe certificate

Suspended sentence for banned engineer who issued fake Gas Safe certificate

News

A banned boiler engineer has narrowly avoided jail after producing a fake Gas Safe certificate for a landlord. Jeffrey Lewis, 74, of Ashbourne Road, Cheadle, was asked by a landlord to repair a tenants boiler but failed to tell him he had been banned from carrying out gas wor

Plans to outlaw landlords who refuse to rent to tenants with children

Plans to outlaw landlords who refuse to rent to tenants with children

News

Jersey has launched a consultation over plans to outlaw landlords who refuse to rent to tenants with children. Social security minister deputy Judy Martin hopes to amend the Discrimination Law 2013 to protect families looking for homes on the island, which currently doesnt pr

LATEST: Liverpool begins huge HMO licensing push

LATEST: Liverpool begins huge HMO licensing push

News

Liverpool City Council has clamped down on HMO conversions as it launches a new assault on the private rented sector. Under a new Article 4 direction, any size home in the city centre will need planning permission to be converted into an HMO from 17th</s

BREAKING: Treat Hong Kong arrivals with care when checking Right to Rent, Minister warns

BREAKING: Treat Hong Kong arrivals with care when checking Right to Rent, Minister warns

News

The government appears to have admitted it has concerns about landlords discriminating against the potential influx of Hong Kong residents. Home Office Minister Baroness Williams of Trafford advised landlords to be careful when doing Right to Rent checks on inbound Hong Kong res

Forum Q&A: Early termination fees & invoices explained

Forum Q&A: Early termination fees & invoices explained

Information

Early termination fees and invoice questions answered—your top forum concerns, sorted.

REVEALED: Why not all EPCs are created equally

REVEALED: Why not all EPCs are created equally

News

Getting a good EPC rating is important for rentals to meet the MEES regulations, and in future even higher ratings will be demanded, but this can be a challenge for some landlords� Since October 2008, rental properties in England and Wales have been required to

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Council wins �1m funding for HMO improvements

Council wins �1m funding for HMO improvements

News
News
Podcast
Opinion
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Information

As part of the Department for Levelling Up, Housing and Communities (DLUHC) levelling up� fund the money is to be used by the council to work proactively and engage with landlords�, in particular with those landlords who rent out houses in multiple occupation (HMOs) and own con

'Why won't Government regulate agents like it does social housing managers?'

'Why won't Government regulate agents like it does social housing managers?'

News
News
Podcast
Opinion
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Information

Property expert Kate Faulkner (main pic) says new rules to introduce professional qualifications for social housing managers are a slap in the face for the PRS� after years of lobbying for similar standards. The government has a

Rent cap in Scotland could cut supply and raise rents

Rent cap in Scotland could cut supply and raise rents

News
News
Podcast
Opinion
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Scottish rent cap removal and Gwynedd's Article 4 Direction spark landlord concerns over housing supply and market stability.

Official �3 million evictions mediation service 'offered too late' to landlords

Official �3 million evictions mediation service 'offered too late' to landlords

News
News
Podcast
Opinion
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Information

A paltry nine cases were mediated in the governments pilot Rental Mediation Service - nowhere near the 3,000 cases it expected, it has been revealed. The Department of Levelling Up, Housing and Communities and the Minister of Justice had hoped that the pilot, which offered te

Half of landlords unaware of boiler upgrade scheme, expert warns parliament

Half of landlords unaware of boiler upgrade scheme, expert warns parliament

News
News
Podcast
Opinion
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Information

Landlords and letting agents need more information and financial help if the Boiler Upgrade Scheme is to succeed, according to Propertymark. In its evidence to the Lords Built Environment Committee inquiry into the scheme, the group says 48% of Propertymar

Test Case: enforcing legal protections for leaseholders

Test Case: enforcing legal protections for leaseholders

News
News
Podcast
Opinion
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Information

New leaseholder protections in the Building Safety Act 2022 came into force on 28 June 2022, with new financial protections for leaseholders in buildings above 11 metres or five storeys, those with historical safety defects. The new Building Safety Act 2022 was introduced follow

OPINION: It's time Facebook took action to stop rent scams on Marketplace

OPINION: It's time Facebook took action to stop rent scams on Marketplace

Opinion
News
Podcast
Opinion
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Information

Facebook is facing mounting calls to more effectively police its Marketplace classified listings platform after numerous investigations by national media outlets. The most recent was last night (23rd February)https://www.itv.com/news/channel/2023-02-23/prolific-scammer-

LAW: Landords who illegally evicted tenants landed with �22,300 rent repayment order

LAW: Landords who illegally evicted tenants landed with �22,300 rent repayment order

News
News
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Opinion
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A landlord pair who assaulted one of their tenants while trying to illegally evict her from their unlicensed HMO have been handed a rent repayment order totalling more than �22,300. Guangyu Chen and Xing Guo argued that their poor English and understanding of the PRS was an exc

EXCLUSIVE: 'End of an era' for Shamplina as he steps back from popular TV show

EXCLUSIVE: 'End of an era' for Shamplina as he steps back from popular TV show

News
News
Podcast
Opinion
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Evictions expert Paul Shamplina has revealed that hes stepping back from his long-running role in TV series Nightmare Tenants, Slum Landlords. <figure id="" class="w-richtext-figure-type- " data-rt-type="" data-rt-align=""><div><img src="https://cdn.prod.website-files.com/

Government reveals intiative to build 3,000 rented homes

Government reveals intiative to build 3,000 rented homes

News
News
Podcast
Opinion
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Information

The Government is to become a significant provider of affordable private sector rental homes with plans to build some 3,000 units under a new name, Habiko.

Landlord pays a high price after forgetting to chase up licence

Landlord pays a high price after forgetting to chase up licence

News
News
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Opinion
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A landlord who forgot to chase up a licencing application for her rented property in London has paid a heavy price for her mistake after being ordered to return rent totalling £11,245 to her tenants.

Property licencing schemes should last for ten years, MPs are told

Property licencing schemes should last for ten years, MPs are told

News
News
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Information

Comment has been made the Chartered Institue of Health Officers, which says such schemes should be the key tool for improving PRS home quality.

No change to CGT - but four landlords say 'we’re out!'

No change to CGT - but four landlords say 'we’re out!'

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News
Podcast
Opinion
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Information

Despite the overall good news, many landlords have remained in brace position and have reached out to exit the market and sell their buy-to-lets.

Stamp duty increase 'will reduce investment in private rented sector'

Stamp duty increase 'will reduce investment in private rented sector'

News
News
Podcast
Opinion
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Property auctioneers gave revealed its concerns about the Chancellor’s decision to raise Stamp Duty for those who purchase buy-to-let properties.

Prince William to 'upgrade estate' featuring mouldy rental homes

Prince William to 'upgrade estate' featuring mouldy rental homes

News
News
Podcast
Opinion
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Prince William has promised to upgrade the private rental properties he rents out via the Duchy of Cornwall after reports over the weekend.

Tenant activists call for 'harsher' renting reform bill

Tenant activists call for 'harsher' renting reform bill

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News
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Information

A lobbying group for renters’ rights is hoping to persuade MPs to make the Government’s renting reform legislation regulated landlords even harder.

COMMENT: Autumn Budget 2024

COMMENT: Autumn Budget 2024

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News
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Opinion
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Information

Investors, business owners, landlords and pension savers were braced for a painful attack on their assets, gains and savings

Scotland to limit rent rises to official inflation rate

Scotland to limit rent rises to official inflation rate

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News
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Opinion
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The Scottish Government has announced a new inflation-linked rent cap in its Housing Bill in a bid to balance supporting tenants with protecting landlords’ property rights.

Leading research institute slams Chancellor over stamp duty hike

Leading research institute slams Chancellor over stamp duty hike

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News
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The Institute for Fiscal Studies (IFS) has slammed the Stamp Duty rise for landlords, warning that tenants will suffer as a result of the Budget announcement.

Bringing back empty rental homes should be 'biggest priority' says landlord

Bringing back empty rental homes should be 'biggest priority' says landlord

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News
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Landlords should be encouraged to renovate and repurpose their empty properties to help resolve the housing crisis, according to one landlord.

Landlord to return deposit after odd attempt to charge for letters

Landlord to return deposit after odd attempt to charge for letters

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News
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A landlord has failed in a bizarre attempt to withhold her tenant’s deposit by billing hundreds of pounds for writing letters and taking photographs.

New Local Housing Allowance freeze is 'nonsensical' say landlords

New Local Housing Allowance freeze is 'nonsensical' say landlords

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News
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The government’s decision to freeze housing benefit rates next year, leaving private tenants facing financial hardship, has been labelled “nonsensical”.

Autumn Budget – A Halloween Horror Story

Autumn Budget – A Halloween Horror Story

News
News
Podcast
Opinion
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After a huge amount of speculation in the press we can finally report what the new Labour Government has decided to do (and not to do) on the tax front

Stamp duty hike will add £7,000 to each purchase for landlords

Stamp duty hike will add £7,000 to each purchase for landlords

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News
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Opinion
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Landlords will face an additional average charge of more than £7,000 from tomorrow when buying a property thanks to an uplift in Stamp Duty charges.

'If the Budget delivers stability, the property sector will benefit'

'If the Budget delivers stability, the property sector will benefit'

Opinion
News
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Nick Lyons, chief executive of inventory experts No Letting Go give his view on the measures announced yesterday in parliament by Rachel Reeves.

ANALYSIS: What does stamp duty hike mean for landlords?

ANALYSIS: What does stamp duty hike mean for landlords?

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News
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The Labour Government has ramped up its increasingly anti-landlord policies by increasing the stamp duty they pay when buying rental properties from 3% to 5%.

Stamp duty hike hits landlords with 5% second home rate

Stamp duty hike hits landlords with 5% second home rate

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News
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Chancellor Rachel Reeves increases stamp duty surcharge to 5% for second homes and buy-to-let properties, effective from 31 October 2024.

Rogue landlord to pay £7,000 after council raids properties

Rogue landlord to pay £7,000 after council raids properties

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News
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A rogue landlord has been handed a £7,000 legal bill for renting out three dangerous flats containing a raft of faults.

Activists urge Chancellor to make landlords pay NI contributions

Activists urge Chancellor to make landlords pay NI contributions

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News
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Generation Rent has urged Chancellor Rachel Reeves to tax landlords harder in her first Budget by making them pay NI contributions.

Short-lets licensing would be intensely impractical' warns expert

Short-lets licensing would be intensely impractical' warns expert

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News
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A leading property lawyer has described a campaigning MP’s latest attempt to usher in harsher regulation of short-lets in holiday hotspots as ‘intensely impractical’.

Labour promises to kick dodgy letting agents out of industry

Labour promises to kick dodgy letting agents out of industry

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News
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Labour has committed to regulating estate agents in a bid to oust the rogue operators within the sector who give the wider industry a bad name and often cost landlords money and time when their services fall short of minimum standards.

Manchester mayor to back role of 'good landlords' in rental sector

Manchester mayor to back role of 'good landlords' in rental sector

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News
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Manchester mayor Andy Burnham is to make a keynote speech at the NRLA’s annual conference in Birmingham next week.

Third of all rental homes have an EPC under band C, new data shows

Third of all rental homes have an EPC under band C, new data shows

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News
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Landlords face an ongoing buy-to-let investment challenge as a new report reveals that a third of all homes for sale in Britian have an EPC rating below a C.

Agent sentenced after giving drugs gang keys to landlord's flat

Agent sentenced after giving drugs gang keys to landlord's flat

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News
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A letting agent who allowed a criminal gang to use landlords’ empty flats to hide cash and drugs has been given a community sentence.