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Landlords face losses amid soaring mortgage rates

Landlords face losses amid soaring mortgage rates

News

Almost 250,000 BTL landlords face refinancing losses as borrowing rates near 7%, says Daily Telegraph.

Renting reform bill progress unlikely until much later this year, admits minister

Renting reform bill progress unlikely until much later this year, admits minister

News

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

Labour WARNED over claim that 'most renters live in homes owned via mortgages'

Labour WARNED over claim that 'most renters live in homes owned via mortgages'

News

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

Horrendous overcrowding at dilapidated HMO leads to £17,000 fine for landlord

Horrendous overcrowding at dilapidated HMO leads to £17,000 fine for landlord

News

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

Bank of England warns landlords face 'impossible position' as rates rise

Bank of England warns landlords face 'impossible position' as rates rise

News

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:

Landlord mortgage arrears outstrip home owners' as costs squeeze profitability

Landlord mortgage arrears outstrip home owners' as costs squeeze profitability

News

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

Kerching! Five tenants pocket �29,000 after landlord fails to licence HMO

Kerching! Five tenants pocket �29,000 after landlord fails to licence HMO

News

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

Demand for student housing soars as landlords exit sector

Demand for student housing soars as landlords exit sector

News

Corporate student housing giant expands as private HMO landlords exit, amid growing demand for purpose-built student accommodation (PBSA).

Beadle slams claim that landlords will 'game new eviction rules'

Beadle slams claim that landlords will 'game new eviction rules'

News

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

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'Why one rule for councils, but another for landlords' asks expert

'Why one rule for councils, but another for landlords' asks expert

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A housing safety law expert has called for Southwark Council to be hit with a multi-million pound fine after it failed to carry out required electrical safety tests at its properties.

General Election 2024; Setting the standard

General Election 2024; Setting the standard

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All the major political parties have now released their manifestos ahead of the July general election. Here James Kent, the NRLA’s Chief Innovation Officer, and founder of digital compliance platform Safe2, looks at what they are promising when it comes to PRS property standards and compliance.

Landlord loses appeal against £35,000 licencing fine

Landlord loses appeal against £35,000 licencing fine

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News
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A rogue landlord who was fined £34,640 for having eight unlicensed HMOs has failed in an attempt to have his conviction overturned.

Labour's bidding wars proposal 'impossible' to enforce says legal senior

Labour's bidding wars proposal 'impossible' to enforce says legal senior

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News
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Labour party figures’ desire to end tenant bidding wars is unworkable in practice, while unenforced legislation would not lead to any real improvement, according to a top property lawyer.

WARNING: 'Unintended consequences of leasehold reforms'

WARNING: 'Unintended consequences of leasehold reforms'

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News
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A legal expert has warned that an amendment to the recently-passed Leasehold and Freehold Reform Act that raises the 25% non-residential limit in collective enfranchisement claims to 50% will have serious consequences for mixed-use developments.

NRLA to drop 'landlord' in bid to change public perceptions of sector

NRLA to drop 'landlord' in bid to change public perceptions of sector

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News
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The NRLA is to drop the word ‘landlord’ from its strapline in a bid to change public attitudes of those who rent out and manage properties.

The importance of guarantors in safeguarding tenancy payments

The importance of guarantors in safeguarding tenancy payments

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News
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Guarantors in rental agreements provide financial security for landlords. Understand their role, responsibilities, and tips for both parties.

Labour will allow 'bidding wars' but only if tenants start them

Labour will allow 'bidding wars' but only if tenants start them

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News
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The Labour party has clarified that although it will seek to stop agents and landlords encouraging bidding wars, tenants will be allowed to make ‘voluntary’ higher offers above the original rental asking price.

NRLA backs Labour's plan to stop bidding wars for rental homes

NRLA backs Labour's plan to stop bidding wars for rental homes

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News
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The NRLA has backed Labour’s proposal to stop landlords and letting agents enabling ‘bidding wars’ by requiring them to advertise a proposed rent based on market rates, with bids above that figure prohibited.

ELECTION: Khan promises to get tough on 'dodgy landlords' and high rents

ELECTION: Khan promises to get tough on 'dodgy landlords' and high rents

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News
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Sadiq Khan has promised he will be on the side of renters rather than “dodgy landlords” and has repeated his desire to introduce rent controls in the capital if he wins a record third term.

Landlord accuses council of 'hypocracy' over property inspections

Landlord accuses council of 'hypocracy' over property inspections

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News
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Benefits landlord Mick Roberts has accused Nottingham Council of hypocrisy after it was revealed the authority hasn’t fully checked its housing stock for eight years, while private landlords must inspect their properties every six months.

Labour and Green MPs call for rent controls in England

Labour and Green MPs call for rent controls in England

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News
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A group of MPs have lodged an Early Day Motion calling for rent controls in the PRS to stem the threefold increase in rents during the last 34 years.

NE city reveals plans for unusual licencing scheme

NE city reveals plans for unusual licencing scheme

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News
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Newcastle Council has revealed plans for an unusual selective licensing scheme that includes building-specific zones.

Tom's landlord guide to winning deposit disputes

Tom's landlord guide to winning deposit disputes

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News
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It's frustrating when the landlord-tenant relationship has to end with a dispute over damages in the property, with a need for deep cleaning, or rent owing, but the deposit is there for these reasons.

Rent-to-rent sector 'must be cleaned up', warn agents

Rent-to-rent sector 'must be cleaned up', warn agents

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News
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Rent-to-rent operators will try to avoid the changes set out in the Renters (Reform) Bill by not using ASTs, a leading property industry body has warned.

OFFICIAL: Rent increases hit record high of 9.2% year-on-year

OFFICIAL: Rent increases hit record high of 9.2% year-on-year

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News
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The rate at which rents have been rising has increased across the UK to record levels, official figures reveal today.

Letting agents call for radical action to solve rental housing crisis

Letting agents call for radical action to solve rental housing crisis

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A group representing letting agents has slammed the chaotic growth of the private rented sector in recent years, calling for radical changes to solve the rental housing crisis this has created.

Jersey launches island-wide selective licencing scheme

Jersey launches island-wide selective licencing scheme

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News
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All Jersey’s landlords will need a licence from the beginning of next month after the Island’s government launched a scheme to improve standards in the PRS.

Average rent arrears jump 27% to £1,800 in a year

Average rent arrears jump 27% to £1,800 in a year

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News
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Average rent arrears owed by tenants to landlords have climbed by 27% so far this year, new data reveals.

Minister slams gas boiler suppliers over price rises

Minister slams gas boiler suppliers over price rises

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News
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The government has urged the Competition and Markets Authority (CMA) to review the boiler supply market amid fears that a lack of competition is leading to higher prices.

Evictions expert calls for national 'rogue tenant' database

Evictions expert calls for national 'rogue tenant' database

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News
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Evictions expert Paul Shamplina has called for a rogue tenant database to be established, pointing out that bad letting agents and landlords face being named and shamed via official schemes, but tenants do not.

Protestors slam 'landlord lobby' outside Gove's London home

Protestors slam 'landlord lobby' outside Gove's London home

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News
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Rental reform campaigners have staged a protest outside Michael Gove’s official residence in central London, calling on the housing secretary to implement his promised Section 21 evictions ban.

Campaigners blame Section 21 evictions for homelessness rise

Campaigners blame Section 21 evictions for homelessness rise

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More than 84,000 households have been put at risk of homelessness due to no-fault evictions since 2019, renting campaigners have claimed.

Landlords: we’ll sell your buy-to-let properties, fast, for the best price

Landlords: we’ll sell your buy-to-let properties, fast, for the best price

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As we enter April it’s been a mixed bag for landlords, with many “nervous" landlords looking to sell amidst a growing apprehension of market conditions and general elections.

Tycoon urges ALL rental homes to be inspected regularly

Tycoon urges ALL rental homes to be inspected regularly

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News
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A leading businessman has entered the political fray with a book in which he lays out his ideas on how to solve the housing crisis including planning and rental market reform.

HMO landlord to pay £26,000 after adding storey to house

HMO landlord to pay £26,000 after adding storey to house

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News
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An HMO landlord who added another storey on his property to squeeze in more tenants has been ordered to pay £26,535 for breaching numerous safety rules.

More landlords turn to 'safer' HMOs as economy remains tough

More landlords turn to 'safer' HMOs as economy remains tough

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News
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HMOs are becoming more popular among landlords as many turn to them as a ‘surer bet’ than other types of rental property in a time of economic uncertainty, it has been claimed.

Housing crisis tops voters' list of key issues to solve

Housing crisis tops voters' list of key issues to solve

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Voters say the ongoing housing crisis tops the list of key priorities that need to be addressed by the current and incoming government, according to renters in a SpareRoom poll.

Property portal: Can tech free up cash to tackle criminal landlords?

Property portal: Can tech free up cash to tackle criminal landlords?

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Property portal could cut red tape and free up funds to tackle rogue landlords by replacing expensive licensing requirements.

Half of landlords thinks pets and eviction reforms 'bad idea'

Half of landlords thinks pets and eviction reforms 'bad idea'

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News
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New research among landlords reveals that although a majority are adopting a ‘wait and see’ approach to the Government’s looming renting reforms, it’s the changes to pets rules and evictions that are troubling them the most.

NRLA backs platform that helps landlords move to limited company status

NRLA backs platform that helps landlords move to limited company status

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News
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Private landlords considering a move to limited company ownership of their rented properties are being urged by the NRLA to use its latest partner service.

Landlord fined £8,471 over hazardous HMO wiring

Landlord fined £8,471 over hazardous HMO wiring

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News
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Landlord fined £8,471 for renting unsafe HMO with dangerous wiring, no fire safety, and serious structural issues.

Fake tenancies at heart of Bulgarian's gang's £53m scam

Fake tenancies at heart of Bulgarian's gang's £53m scam

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News
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Five fraudsters who stole £53.9 million in a huge benefits scam used false tenancy agreements to help them make claims.

Councils lobby Ministers not to scrap selective licencing schemes

Councils lobby Ministers not to scrap selective licencing schemes

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News
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The Local Government Association (LGA) has urged Minister to ignore rebel MPs’ calls for selective licencing to be replaced by the looming Landlord Portal.