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Anti-money laundering legislation to apply to letting agents

Anti-money laundering legislation to apply to letting agents

News

The Government thinks that the risk of money laundering taking place in estate agency is on the rise, especially in high-end lettings - the top 5% of lets in value. However, there is a lot of uncertainty as to the full scale of money laundering in lettings says ARLA Propertymark. <p id="

Case Law: planning law and the right to light

Case Law: planning law and the right to light

News

In Beaumont Business Centres Ltd v Florala Properties Ltd (2020) the High Court considered the legal position regarding a serviced office providers right to light following an adjoining apathotel development. Beaumont Business Centres Limited took out an injunction against Fl

Test Case: Landlord's consent with mutual and absolute covenants

Test Case: Landlord's consent with mutual and absolute covenants

News

In this case - Duval v 11-13 Randolph Crescent Ltd - reached the Supreme court in May 2020 after a tenant in a block of flats had requested the landlords consent for alterations, but disputed by another tenant in the same block, objecting to the landlord giving consent. Under

Why does it feel like the Tories have turned on landlords? Here's one answer

Why does it feel like the Tories have turned on landlords? Here's one answer

News

Whatever their politics, many landlords are wondering why successive Conservative governments have proved to be so hostile to buy-to-investors, given its former party of the landlord moniker. This includes the 3% stamp duty increase, Section 24 tax relief reductions, the a

David Coughlin: how I escaped recession era Liverpool to build a 100-property portfolio

David Coughlin: how I escaped recession era Liverpool to build a 100-property portfolio

News

David Coughlins journey from the son of an unemployed Bootle docker to a 100-property portfolio landlord is one of the private rental markets more extraordinary journeys. Now pushing fifty years old, it was in his mid-20s that he began investing in property. Co

Queen evicts couple over �32 bill, revealing Royal Household is exempt from evictions ban

Queen evicts couple over �32 bill, revealing Royal Household is exempt from evictions ban

News

Landlords might feel slightly peeved to discover that the Queen is exempt from the current eviction ban. As a landlord, her Majesty rents out a number of Royal Household properties, but unlike every other landlord in the UK whos up against the evictions ban until next year, s

TV property tycoon rejects claim he's a 'notorious rogue landlord'

TV property tycoon rejects claim he's a 'notorious rogue landlord'

News

Multi-millionaire property tycoon Andrew Panayi (pictured, above) has hit back at councillors who dubbed him a notorious rogue landlord�. Islington Council refused planning permission for a two-bedroom flat in Londons Caledonian Road, submitted by Panayi who infamously,

LATEST: Disappeared guest house investment couple re-emerge in Oz

LATEST: Disappeared guest house investment couple re-emerge in Oz

News

A property investment guru couple who disappeared leaving disappointed participants in their investment schemes puzzled as to their whereabouts have popped up as spiritual leaders in Australia. Marta and Lloyd Smith - now known as Riya Loveguard and Aeron Lazar - ran Home

Landlords must 'go green' as government reveals gas boiler ban for rented properties

Landlords must 'go green' as government reveals gas boiler ban for rented properties

News

The Government is to phase out gas by 2035 as part of its green ten-point plan announced this week, meaning millions of boilers across the private rented sector are on borrowed time. CEO of the Chartered Institute of Plumbing and Heating Engineering (CIPHE), Kevin Wellman, under

Reluctant landlords: cladding woes force owners to let out properties at a loss

Reluctant landlords: cladding woes force owners to let out properties at a loss

News

Thousands of leaseholders are stuck in their flats because they cannot sell due to unsafe cladding installed on their high rise blocks. Sales are stalled because potential buyers cant obtain a mortgage until the defective cladding is replaced and the building declared safe by a specialis

Legal Case: Rogerson v Bolsover District Council '� landlord's liabilities

Legal Case: Rogerson v Bolsover District Council '� landlord's liabilities

News

Landlords owe a duty of care to their tenants to make sure, as far as is reasonably possible, to be sure a property is safe, both at the commencement and during the course of a tenancy. This Court of Appeal case in 26 February 2019 relates to a council tenancy, though its implic

Watch out for parking space scammers, warns landlord

Watch out for parking space scammers, warns landlord

News

Landlords are being warned to beware of scammers renting out parking spaces outside their properties following a expose on national radio. Landlord Simon Gallagher had to install bollards after someone began advertising his tenants driveway to commuters for �8 a day. <p i

Landlords renewing their licence in Wales MUST now complete regular property inspections

Landlords renewing their licence in Wales MUST now complete regular property inspections

News

Welsh landlords renewing their licence with Rent Smart Wales after 23rd November now need to organise regular mandatory property inspections. The new condition - introduced&nbsp;by Rent Smart Wales for any new landlords&nbsp;signing up from 1st July and any rene

TRENDING: Struggling hotels begin converting into HMOs to survive

TRENDING: Struggling hotels begin converting into HMOs to survive

News

A woman hoping to convert her 32-bedroom hotel into an HMO after being hit hard by Covid could spark a trend for more owners moving into the private rented sector. Andreani Ahooie, whos run the https://www.longviewhotel.com/" target="_blank" Longv

Warwick University accused of leaving 500 private landlords in the lurch

Warwick University accused of leaving 500 private landlords in the lurch

News

Hundreds of landlords face trying to find new tenants for their student HMOs after the University of Warwick ditched its property management scheme. Under its Head Lease Scheme, landlords signed-over their houses to the university for years at a time for guaranteed rent, which

Legal Issue '� is the heating system in a rental property fit for purpose?

Legal Issue '� is the heating system in a rental property fit for purpose?

News

Tenants may complain, or as in the following case, the councils inspectors may deem it to be the case, that the system supplied is inadequate for safe living. The Aldford Two LLP v Bristol City Council appeal (2010 Residential Property Tribunal - RTP) against an improveme

Landlords must now issue TWO Section 8 notices to get around 'crazy' eviction rules

Landlords must now issue TWO Section 8 notices to get around 'crazy' eviction rules

News

Increasing numbers of landlords are being forced to issue a second Section 8 notice to tenants who have stopped paying their rent as the sector grapples with the crazy evictions rules in place now, it has been claimed. The UKs leading lettings industry trade body ARLA P

Zero to Hero: John Howard - how it all began

Zero to Hero: John Howard - how it all began

News

John Howard has had a lot of fingers in different property pies over the past 45 years, working his way up from being the son an estate agent to a major figure within the property industry. As well as being a significant portfolio landlord he is also a developer and consultant,

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Is yours one of them? 64% of PRS properties 'will not reach minimum EPC in time'

Is yours one of them? 64% of PRS properties 'will not reach minimum EPC in time'

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Nearly two-thirds of private rental properties wont reach proposed minimum EPC levels, according to new research. Data compiled for property data platform LandTech shows that 64% of private rental properties would fail to reach an EPC rating of C or abo

BREAKING: HMRC completely rejigs and delays MTD scheme for landlords

BREAKING: HMRC completely rejigs and delays MTD scheme for landlords

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Only landlords with property incomes over £30,000 will now need to comply with HMRC's looming https://www.gov.uk/government/publications/making-tax-digital/overview-of-making-tax-digital" target="_blank" Making Tax Digital (MTD) https://www

Abolishing Section 21 is 'sledge hammer to crack a nut' says property chief

Abolishing Section 21 is 'sledge hammer to crack a nut' says property chief

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One of Londons leading property management figures has said the Governments plans to abolish section 21 evictions is a sledge hammer to crack a nut and not an effective solution to the issue of bad landlords within the private rented sector. The comments come from An

Scots Minister shows 'blatant disregard' for landlords with higher BTL stamp duty

Scots Minister shows 'blatant disregard' for landlords with higher BTL stamp duty

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Landlords in Scotland have been hit with a stamp duty rise as the government strives to raise additional revenue. It announced legislation in the Budget statement to increase the rate of the Additional Dwelling Supplement from 4% to 6% for second home buyers and buy-to-let landl

BREAKING: 'Rent Smart Wales' style scheme revealed for Welsh holiday lets

BREAKING: 'Rent Smart Wales' style scheme revealed for Welsh holiday lets

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The Welsh Government wants to know what landlords who operate holiday accommodation in the country think of its proposed regulation of the sector. Following a https://www.landlordzone.co.uk/news/breaking-labour-and-plaid-cymru-to-jointly-force-through-rent-controls-in-w

WARNING: Spray foam can lead to refused mortgage applications

WARNING: Spray foam can lead to refused mortgage applications

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In September the Government announced a �2bn plan to offer home insulation grants of up to �5,000 per household in England. This is to be known as the https://www.gov.uk/guidance/apply-for-the-green-homes-grant-scheme" target="_blank" Green Homes Grant and has replaced

Desperate landlord writes to Gove as bankruptcy looms over cladding rules

Desperate landlord writes to Gove as bankruptcy looms over cladding rules

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A landlord whos facing bankruptcy has written to Housing Secretary Michael Gove voicing his frustration that he is not eligible for any cladding funding despite only earning �63 a week from his properties. The landlord, who has BTL interest-only mortgages, has two freehold s

Scots rent and evictions freeze prompts 'staggering' landlord exit response

Scots rent and evictions freeze prompts 'staggering' landlord exit response

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A staggering 85% of letting agents in Scotland report that landlords want to sell up following the governments move to ban evictions and rent increases until next April. Propertymark members in Scotland say that even more worryingly, 68% of agents had already seen an increase

NEW: Report says 87% of landlords will face full cost of EPC upgrades

NEW: Report says 87% of landlords will face full cost of EPC upgrades

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Just 0.2% of private landlords would qualify for full state support to help upgrade their properties under a proposed scheme to get the UKs walls insulated, while 87% would be liable for the full costs. The Economy 2030 Inquiry says simply basing hand-outs on means-tested ben

Protesters strike again as cash-strapped council disposes of properties

Protesters strike again as cash-strapped council disposes of properties

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Cash strapped Somerset Council has County Hall vandalised for fourth time...

Landlord faces 'ban' after licensing lapse in Wales

Landlord faces 'ban' after licensing lapse in Wales

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A landlord in Wales faces is to pay £5,088 in fines and surcharges after operating three properties in Swansea without a licence and has also been effectively banned from the sector.

LandlordZONE reveals one-day NRLA takeover

LandlordZONE reveals one-day NRLA takeover

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We’re pleased to announce that on August 7th, for one day only, the NRLA will be hosting a sponsored takeover here on LandlordZONE!

OFFICAL: Number of properties bought by landlords drops by 14%

OFFICAL: Number of properties bought by landlords drops by 14%

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The number of buy-to-let properties bought by landlords during the past 12 months has dropped by 14%, official HMRC figures reveal

Record number of selective licencing schemes and landlord fines revealed

Record number of selective licencing schemes and landlord fines revealed

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New research has revealed that the number of selective licencing schemes in the UK has increased by nearly 10% over the past two years, with landlords paying on average £700 for a five-year licence.

OpenRent landlord listings to be removed from Rightmove

OpenRent landlord listings to be removed from Rightmove

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Landlords who use OpenRent to find tenants will no longer have access to Rightmove when advertising their properties, it has been announced.

Tenant who threatened gas engineer sent to fix boiler faces jail

Tenant who threatened gas engineer sent to fix boiler faces jail

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A tenant in Scotland has been found guilty of threatening behaviour towards a gas engineer who his landlord had booked to fix the property's gas boiler.

'Corner-cutting' landlord to repay former tenants £15,700

'Corner-cutting' landlord to repay former tenants £15,700

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A ‘confused’ landlord who ‘cut corners’ when maintaining his unlicenced HMO has been told to pay four former tenants £15,703 after they took him to a First Tier Property Tribunal.

'Selective licencing scheme will lead to higher rents'

'Selective licencing scheme will lead to higher rents'

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A row has broken out over plans to re-introduce selective licencing for landlords within parts of the Salford area of Manchester.

Labour confirms minimum EPC 'band C' for rented homes

Labour confirms minimum EPC 'band C' for rented homes

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Labour has confirmed that it will require all private sector landlords to bring their properties up to a minimum Energy Performance Certificate (EPC) band C by 2030.

NRLA: Your portfolio is changing—here’s how

NRLA: Your portfolio is changing—here’s how

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Portfolio changing? Discover how the NRLA is helping landlords adapt to evolving market conditions.

Investing in commercial property – is now a good time to start?

Investing in commercial property – is now a good time to start?

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Commercial property might be sensible way of diversifying your overall investment portfolio risk

Labour WILL drop £11,000 CGT bombshell on landlords reckons wealth firm

Labour WILL drop £11,000 CGT bombshell on landlords reckons wealth firm

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If as many expect Capital Gains Tax (CGT) rates are aligned to people’s personal income tax then landlords selling properties would be on average £11,00 worse off, it has been claimed.

Labour promises 'not to introduce rent controls in England'

Labour promises 'not to introduce rent controls in England'

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Housing minister Matthew Pennycook has confirmed that Labour has no plans to introduce rent controls in England.

CGT revenues from rental home sales rise by £100m

CGT revenues from rental home sales rise by £100m

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A further sign that landlords are selling up comes from new HMRC figures that reveal an increase in Capital Gains Tax (CGT) revenues for the Government from the sale of residential properties.

Big agency boss pins rising rents and low supply on Tories

Big agency boss pins rising rents and low supply on Tories

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A leading lettings agency boss has pinned rising rents and fewer properties to rent squarely on the previous Conservative Government, says its policies have ‘driven away’ landlords.

BREAKING: Bank of England cuts base interest rate by 0.25%

BREAKING: Bank of England cuts base interest rate by 0.25%

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Bank of England cuts base rate to 5%, offering relief to landlords with buy-to-let mortgages nearing the end of fixed-rate deals.

Britain needs more homes, not landlords says campaigning group

Britain needs more homes, not landlords says campaigning group

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Encouraging landlords to rent out more homes will not solve the housing crisis, it has been claimed.

Essex landlord banned for three years after HMO court case

Essex landlord banned for three years after HMO court case

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A rogue landlord who was also a letting agent in Essex has been banned from being a landlord in England for three years.

East Midlands city reveals clampdown on smaller HMOs

East Midlands city reveals clampdown on smaller HMOs

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A big council in the East Midlands has revealed plans to extend and widen its additional licencing scheme for HMOs.

Angela Rayner reveals big changes for Right to Buy

Angela Rayner reveals big changes for Right to Buy

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Labour has moved to make good on its manifesto promise to reform and improve the Right to Buy scheme which, under the Tories, saw the number of publicly-funded affordable rented homes in England shrink dramatically.

Social landlords blasted by Housing Ombudsman report - for maladministration

Social landlords blasted by Housing Ombudsman report - for maladministration

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Councils are failing in more ways than one. When it comes to complaints from their tenants, repairs and maintaining safety standards, councils are not performing

Landlord loses long-running 'battle of the staircase' with council

Landlord loses long-running 'battle of the staircase' with council

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An HMO landlord has lost his appeal against an improvement notice ordering him to update a 'paddle staircase'.

Holiday lets slump in Scotland as regulation bites

Holiday lets slump in Scotland as regulation bites

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The number of short lets in Scotland fell last year as the sector felt the impact of its licensing scheme clampdown.

More tenants using guarantors as competition for homes heats up

More tenants using guarantors as competition for homes heats up

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One in five private renters had to provide a guarantor when moving into their current property - equating to 940,000 households - according to the latest English Housing Survey.