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EXPERT: Removal of Furnished Holiday Lets relief 'may never happen'

EXPERT: Removal of Furnished Holiday Lets relief 'may never happen'

News

Plans to abolish the Furnished Holiday Lets (FHL) regime could be delayed by at least a year from April 2025, and might never happen, according to one tax expert.

More pet rights for tenants tops landlords worries over reforms

More pet rights for tenants tops landlords worries over reforms

News

Landlords are more concerned about tenants’ right to request to keep a pet than the potential abolition of Section 21, a new poll reveals.

HMRC restarts landlord pilots for its 'Making Tax Digital' scheme

HMRC restarts landlord pilots for its 'Making Tax Digital' scheme

News

More landlords can now try out Making Tax Digital (MTD) for Income Tax after HMRC paused the pilot last February.

Rise in HMOs pushes BTL yields to highest for six years

Rise in HMOs pushes BTL yields to highest for six years

News

Average rental yields have hit a six-year high with HMOs and properties in the North East offering landlords the best returns.

EPCs are misleading, inaccurate and need reform, says Which?

EPCs are misleading, inaccurate and need reform, says Which?

News

Consumer organisation Which? says there is considerable evidence that many EPCs are ‘not accurate’.

Landlord fined £528,000 after fence mending work leads to burns

Landlord fined £528,000 after fence mending work leads to burns

News

A large landlord has been fined £528,000 after a maintenance crew member repairing a fence post inadvertently struck an underground cable, suffering facial burns.

Landlords slam 'infuriating' licencing rules now driving evictions

Landlords slam 'infuriating' licencing rules now driving evictions

News

Landlords in Portsmouth say vulnerable tenants are being unfairly displaced due to the council’s draconian additional licencing scheme.

Rebel MPs demand ground rents abolished for existing leaseholds

Rebel MPs demand ground rents abolished for existing leaseholds

News

A group of 30 Tory MPs have written to the Chancellor Jeremy Hunt warning that they may vote against the Government’s Leasehold and Freehold Reform Bill unless ground rents are abolished for both future and existing leaseholds.

Rent controls 'will undermine investment in PRS' says expert

Rent controls 'will undermine investment in PRS' says expert

News

Rent controls will undermine investment in Scotland’s PRS unless there is more long-term certainty, according to one leading lettings expert.

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Stock crisis predicted to worsen as landlords brace for bad news

Stock crisis predicted to worsen as landlords brace for bad news

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More than one in 10 homes for sale on Zoopla in July were formerly rented, prompting fears that a challenging autumn budget could further increase sales.

Expected tax grab prompts fearful landlords to quit

Expected tax grab prompts fearful landlords to quit

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An ongoing shortage of rental properties is expected to keep pushing rents higher as more landlords look to scale back their portfolios.

Suspended jail term for landlord who ignored safety checks

Suspended jail term for landlord who ignored safety checks

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News
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A rogue landlord has been handed a suspended jail sentence after she failed to maintain gas appliances at her rental property.

Rogue exempt accommodation landlords face tough crackdown

Rogue exempt accommodation landlords face tough crackdown

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News
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The government has vowed to take action on rogue landlords who exploit vulnerable residents in exempt accommodation.

Landlord Exodus: Tough New Rules spark mass Sell-Off

Landlord Exodus: Tough New Rules spark mass Sell-Off

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A mass sell-off is currently underway in the landlord sector, and it only looks set to increase. EPC requirements, The Renters Reform Bill, mounting financial pressures, the list of reasons goes on.

Steep house prices curb renters' home buying ambitions

Steep house prices curb renters' home buying ambitions

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News
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A third of renters (33%) don’t plan to ever own their own home, up from a fifth (20%) in 2022.

Warning: Landlords will race to beat Section 21 ban

Warning: Landlords will race to beat Section 21 ban

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A “tsunami of landlords” will put in Section 21 notices before the ban is implemented, predicts Landlord Action’s Paul Shamplina.

Landlords face biggest reform with Section 21 ban

Landlords face biggest reform with Section 21 ban

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Landlords are bracing themselves for the impact of a ban on Section 21 after the government published its Renters’ Rights Bill.

Rental listings see big uplift after recent rate cut

Rental listings see big uplift after recent rate cut

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The first base rate cut since 2020 has boosted rental stock levels across major British cities, according to new research.

Lawyer warns landlords NOT to blame tenants for mould

Lawyer warns landlords NOT to blame tenants for mould

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A senior lawyer has told landlords that they cannot blame their tenants if mould appears within privately rented homes.

Letting agent avoids jail after defrauding seven landlords

Letting agent avoids jail after defrauding seven landlords

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A fraudulent letting agent who ripped off landlords by failing to register their deposits has escaped a jail sentence.

Absentee landlord to pay tenants £10k over mouldy, unlicenced property

Absentee landlord to pay tenants £10k over mouldy, unlicenced property

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Three tenants have pocketed £10,060 between them after winning a rent repayment order against their landlord for letting out a mouldy HMO with “lamentable” fire safety.

Tribunal orders big landlord to pay £16m toward cladding costs

Tribunal orders big landlord to pay £16m toward cladding costs

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News
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One of the UK’s largest private landlords has been ordered to pay £16 million towards the cost of fixing cladding-related fire safety problems at a group of five residential towers in London.

Warwick latest town to start borough-wide big HMO licencing

Warwick latest town to start borough-wide big HMO licencing

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An Additional Licencing scheme covering all larger HMOs in Warwick has now gone live following approval of the scheme last year and a consultation.

MPs say private landlords must face same rules as social housing

MPs say private landlords must face same rules as social housing

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News
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Select committee report is arguing for a change in the law to force private landlords to have to fix mould within days

New ombudsman will join forces with partner scheme

New ombudsman will join forces with partner scheme

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The government has revealed more details about how the new Private Rented Sector Ombudsman Service will work in practice.

MPs want landlords to sort out mouldy PRS homes

MPs want landlords to sort out mouldy PRS homes

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News
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A cross-party group of MPs says a crackdown on social landlords to tackle damp and mould should be extended to tenants in the private rented sector.

Mortgage broker's new look marks its evolution

Mortgage broker's new look marks its evolution

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Buy-to-let intermediary Mortgages for Business is rebranding as Mortgage Finance Brokers (MFB) to reflect its more inclusive approach.

England & Wales must build 1 million more homes

England & Wales must build 1 million more homes

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News
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1 million extra homes will be needed in England and Wales to house singles and families – this is a continually growing market for the private rented sector.

NRLA backs MPs' pragmatic plans for Renters Reform Bill

NRLA backs MPs' pragmatic plans for Renters Reform Bill

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Tory MPs have tabled a raft of amendments to the Renters Reform Bill to ensure it works for the whole private rented sector.

Surveyors call for government action to tackle PRS woes

Surveyors call for government action to tackle PRS woes

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News
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Property surveyors across the UK have reported a slowdown in tenant demand along with continued levels of diminishing stock.

Rogue letting agent used 'smokescreen' to conceal ownership

Rogue letting agent used 'smokescreen' to conceal ownership

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News
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Four tenants have lost their £309,000 claim for harassment but won a £21,160 rent repayment order for living in an unlicensed flat.

January sees a new surge of landlords selling their portfolios for higher prices than 2023

January sees a new surge of landlords selling their portfolios for higher prices than 2023

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There’s good news for landlords who have postponed selling their rental properties despite falling profits and new legislation making the private rental sector less appealing to most landlords.

Inflation rate surprise to delay mortgage interest rate drop for landlords

Inflation rate surprise to delay mortgage interest rate drop for landlords

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Landlords could have to wait slightly longer for the pressure on mortgage rates to ease after the annual rate of inflation hit 4% last month.

Record rent rises revealed by latest official PRS data

Record rent rises revealed by latest official PRS data

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UK rents increased by 6.2% in the year to December 2023 - the joint highest annual percentage change since 2016.

MPs told Commonhold is best replacement for leasehold

MPs told Commonhold is best replacement for leasehold

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Experts and campaigners giving evidence to the Leasehold and Freehold Reform Bill committee have endorsed a commonhold system.

Landlord slams 'over the top' DWP demands on tenants

Landlord slams 'over the top' DWP demands on tenants

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Tenants across the UK are being asked to comply with an extensive fraud checklist to confirm their eligibility for Universal Credit.

Landlords in Wales not obliged to flag homelessness risk

Landlords in Wales not obliged to flag homelessness risk

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Propertymark has welcomed the Welsh government’s commitment that private landlords shouldn’t have to refer tenants at risk of homelessness.

Family build-to-rent urged to meet PRS shortfall

Family build-to-rent urged to meet PRS shortfall

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News
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Up to one million new rental homes will be needed to accommodate growing demand by 2031, particularly from young families, across England and Wales.

Fewer tenancies trigger letting agency closures

Fewer tenancies trigger letting agency closures

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News
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Almost 2,000 letting agent branches shut up shop last year which meant 2023 ended with 659 fewer branches on the high street.

Funding concerns continue to stall retrofit plans

Funding concerns continue to stall retrofit plans

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News
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Nearly a fifth of landlords believe the government should prioritise better access to finance so they can carry out retrofitting plans.

More landlords in cost-saving drive to incorporate

More landlords in cost-saving drive to incorporate

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A record 50,004 limited BTL companies were set up last year, driven by landlords looking to shelter themselves from higher interest rates.

Landlords told to fix mouldy homes within 24 hours 

Landlords told to fix mouldy homes within 24 hours 

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News
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Michael Gove says that under Awaab’s Law, social housing landlords must deal with condensation issues without delay.

What is in store for landlords in 2024?

What is in store for landlords in 2024?

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Get ready for an intriguing year ahead in 2024, particularly if you're a hands-on landlord, as several forthcoming announcements are poised to reshape the landscape of property management.