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Is the rental market still profitable?

Is the rental market still profitable?

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Over recent years, governments have tightened lettings legislation and increased the tax burden on landlords. Add on the current cost-of-living crisis, high mortgage rates, and the Renters (Reform) Bill making its way through Parliament, some landlords are understandably beginning to wonder if it’s

Lack of advice stalling landlords' efforts to make properties greener, says RICS

Lack of advice stalling landlords' efforts to make properties greener, says RICS

News

Landlords and industry professionals have been invited to share their thoughts on a new professional standard aimed at helping surveyors provide useful retrofitting advice. The Royal Institution of Chartered Surveyors (RICS) has launched a consultation on its draft <strong id=""

'I'm so sorry' helps landlord avoid prosecution after illegal eviction attempt

'I'm so sorry' helps landlord avoid prosecution after illegal eviction attempt

News

A contrite landlord has apologised to the tenant he tried to illegally evict after being rapped on the knuckles by Coventry Council. The landlord sent text messages telling his tenant to leave when they told him the rent would be late. He then visited the property and took the t

EXPERT: 'Binning Section 21 won't help as many tenants as campaigners hope'

EXPERT: 'Binning Section 21 won't help as many tenants as campaigners hope'

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Section 21 is the biggest headline grabbing element of the Renters Reform Bill but will be the least effective pieces of the legislation. Thats according to letting agent Kristjan Byfield (main picture), co-founder ofhttps://www.baseps.co.uk/"

High Street bank joins in criticism of Government over stalled evictions reform

High Street bank joins in criticism of Government over stalled evictions reform

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Shelter has this morning launched a campaign in partnership with the Co-operative Bank to persuade the Government to press ahead with its proposal to abolish Section 21 evictions. The two organisations have launched a PR stunt on Parliament Square today covering it with 172 card

SHOCK: 30% of landlords looking to sell 'some properties' says big broker

SHOCK: 30% of landlords looking to sell 'some properties' says big broker

News

New data reveals the extent of the landlord exodus prompted by the current mortgage rate surge with 36% of landlords polled revealing they plan to sell a property over the next 12 months. The proportion intending to sell some properties was at 30%, up from 28% the last tim

Proportion of tenants over 65 years old set to surge in coming decade

Proportion of tenants over 65 years old set to surge in coming decade

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Landlords are increasingly likely to be renting to older tenants in the coming decade with the proportion of renters in private rented accommodation over 65 years old doubling to 11.5%, it has been reported. Letting agency Hamptons says its research reveal

Midlands council reveals crackdown on unlicenced HMOs with unusual results

Midlands council reveals crackdown on unlicenced HMOs with unusual results

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A council crackdown has uncovered four unlicensed HMOs and one being used as a cannabis factory in Kettering and Corby. North Northamptonshire Council joined forces with Northamptonshire Police in a week-long inspection of 76 HMOs, four of which are still being investigated.

Leading lawyer asks landlords for help to reverse 'morally wrong' HMO rules

Leading lawyer asks landlords for help to reverse 'morally wrong' HMO rules

News

HMO owners and associations are being urged to support calls for a rethink of plans to remove licensing requirements for HMOs used as asylum accommodation. Property lawyer at JMW, David Smith , wants the High Court to agree to a judicial review of changes o

LATEST: Rental homes stock plummets by 35% to four-year low

LATEST: Rental homes stock plummets by 35% to four-year low

News

The number of available private rental homes has dropped by more than a third since 2019 to a 14-year low. Only 241,000 PRS homes were available last month compared with 370,000 in June 2019, a fall of 35%, according to consultancy TwentyCi which analysed

Landlord couple fined thousands after ignoring property repair notices

Landlord couple fined thousands after ignoring property repair notices

News

A landlord couple have paid a heavy price for ignoring their tenant's request to fix a boiler after being fined �3,500. David and Emily Griffiths, of Tickhill Road, Harworth (pictured), Nottinghamshire left the tenant with no hot water or heating for three weeks. D

How eviction changes in Renters’ Rights Bill affect landlords

How eviction changes in Renters’ Rights Bill affect landlords

Podcast

Landlord Action's Paul Sowerbutts discusses the impact of abolishing Section 21 and upcoming eviction reforms on landlords and tenants.

Likely cost of EPC upgrades for rental properties revealed by Government

Likely cost of EPC upgrades for rental properties revealed by Government

News

Energy efficiency improvement costs for most private rental homes work out at between �5,000 and �9,999 (46%), while almost a third (30%) could be improved for under �5,000, according to the latest government analysis. At the other end of the scale, 19% of homes would cost be

Higher mortgage rates driving more landlords to request rent guarantors

Higher mortgage rates driving more landlords to request rent guarantors

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Landlords hit by mortgage rate hikes are demanding guarantors from increasing numbers of high earning tenants. Many tenants are seeing a greater proportion of their take-home pay go towards rent so are having to provide the additional security of a guarantor when signing new agr

Influential Labour group says tougher eviction rules needed to tackle poverty

Influential Labour group says tougher eviction rules needed to tackle poverty

News

Landlords should be prevented from serving an&nbsp;eviction notice for at least the first year of a tenancy, in the case of repossession for selling or occupying the property, according to a new report from the Fabian Society. The independent left-leaning

Rents soar as agents report rising tenant demand but landlord slump

Rents soar as agents report rising tenant demand but landlord slump

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The Governments housing policies are coming home to roost as tenant demand continues to soar but the number of landlords advertising new properties to rent plummets, it has been revealed. RICS says that during June it found significantly more members (a net balance increase o

NEW: Big London borough brings in tighter HMO conversion rules for landlords

NEW: Big London borough brings in tighter HMO conversion rules for landlords

News

Landlords in one of London's biggest boroughs now need planning permission to convert family homes into HMOs for three to six tenants. After a year-long pilot and consultation with residents, the London Borough of Hounslow (main picture) has made its borough-wide A

Mortgage woes spark surge in landlords selling portfolios

Mortgage woes spark surge in landlords selling portfolios

News

Mortgage troubles spark surge in portfolio landlords selling up—explore what’s driving the exodus and what it means for the rental sector.

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EXCLUSIVE: Jersey landlord leader slams rent controls and 'open' tenancies plan

EXCLUSIVE: Jersey landlord leader slams rent controls and 'open' tenancies plan

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Jersey has launched a consultation into sweeping reforms including rent controls and open-ended tenancies,&nbsp;prompting fears that they could force more private landlords to quit the sector. The islands government aims to increase protections for both tenants and landlords

BREAKING: Government considers harsher penalties for 'sex for rent' landlords

BREAKING: Government considers harsher penalties for 'sex for rent' landlords

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A new law to crack down on predatory landlords who exploit vulnerable people for sex in return for free or discounted rent is being considered, Home Secretary Suella Braverman (main picture) has announced. Her department is seeking the views of victims, the police and charities

Mandatory five-year electrical checks are required

Mandatory five-year electrical checks are required

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News
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There are heavy fines for those landlords who fail to have their rental properties tested by a qualified electrician before letting, and for existing tenancies, or if they fail to comply with any of the important recommendations made in a test report. The landlord will ordinarily have 28 da

Judge says landlords need licence clause in contracts

Judge says landlords need licence clause in contracts

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Tribunal judge warns landlords to include licensing update clauses in agency contracts to avoid fines for non-compliance with licensing requirements.

More landlords moving to limited companies as list tops 60,000

More landlords moving to limited companies as list tops 60,000

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The number of VAT and/or PAYE enterprises operating in the UKs residential and commercial rental sectors climbed 2% in the past year, despite the governments best efforts to deter investment. Analysis of government data by debt advisory firm https://siriusfinance.

Council tries AGAIN to start UK's most controversial licencing scheme

Council tries AGAIN to start UK's most controversial licencing scheme

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Luton Council is making yet another attempt to bring in two new licensing schemes after a string of false starts amid landlord opposition. Its overview and scrutiny board has agreed to recommend a town-wide additional scheme as well as a selective scheme in South ward, which now

Council makes extraordinary request asking landlords to pay for student mess

Council makes extraordinary request asking landlords to pay for student mess

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Durham citys parish council has taken the unusual step of asking student landlords to make a voluntary donation towards the cost of cleaning up street waste and discarded furniture. It will ask for a contribution of �52 towards its precept from student landlords to match the

Will you? Two thirds of landlords to sell up if forced to upgrade EPCs

Will you? Two thirds of landlords to sell up if forced to upgrade EPCs

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Two-thirds of private landlords might sell up if they are forced to make EPC upgrades, new research finds. The Mortgage Advice Bureau says 59% would consider selling their property due to not being able to afford the changes needed to meet the minimum level. With an

NRLA urges English Ministers to learn from 'car crash' renting reforms in Wales

NRLA urges English Ministers to learn from 'car crash' renting reforms in Wales

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NRLA boss Ben Beadle has urged the government to learn from the awful implementation� of Renting Homes Wales which he labelled a car crash of epic proportions�. Speaking on The Guild of Property Professionalshttps://podcasters.spotify.com/pod/show/guildprop

It's time to stop blaming private landlords for the rental crisis

It's time to stop blaming private landlords for the rental crisis

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Government ministers, housing campaigners, landlords, letting agents and many of the other actors in the drama that is the private rented sector have been arguing hard about who is to blame for the high rents and lack of supply within the market.

Welsh city reveals 10% hike in HMO licencing fee

Welsh city reveals 10% hike in HMO licencing fee

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Newport City Council is expected to back a 10% rise in HMO fees as part of changes to the authority’s additional licensing scheme.

Landlord mortgage rates slip below 4% for first time in 18 months

Landlord mortgage rates slip below 4% for first time in 18 months

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Paragon Bank is showing some love for landlords on Valentine’s Day by offering its lowest rate on two-year fixes for new customers in more than 18 months.

Legal aid for evictions 'about to collapse entirely' says Law Society

Legal aid for evictions 'about to collapse entirely' says Law Society

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Housing legal aid providers are on the brink of collapse, according to the Law Society of England and Wales, which has urged the government to invest in the service before it’s too late.

It's got a ring to it! Landlords asked to support charity initiative

It's got a ring to it! Landlords asked to support charity initiative

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Landlords, letting agents and other players in the property game are being urged to support Paul Shamplina’s latest charity event which is due to take place on the night of Thursday June 27th.

Landlord wins unusual planning appeal over 'floating homes'

Landlord wins unusual planning appeal over 'floating homes'

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Britain’s most unusual holiday rental investment has been uncovered following a planning appeal decision over two floating ‘pods’ at a Marina in Chichester Harbour.

'Small minority of rogue landlords exploit Section 21 eviction rules'

'Small minority of rogue landlords exploit Section 21 eviction rules'

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A high-profile figure has claimed that ‘no-fault’ Section 21 evictions are a significant problem within London’s private rental sector and agrees with Shelter’s approach that they should be banned ‘as soon as possible’.

Comment: Gove’s solutions to Britain’s housing crisis increasingly look too little, too late

Comment: Gove’s solutions to Britain’s housing crisis increasingly look too little, too late

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Tom Entwistle tries to shed light on the severity of the crisis and explores some potential solutions, here he gives his opinions on the plans put forward by Michael Gove, the banning of Section 21, and the crisis within the courts system.

Gove 'playing games with words' says leading evictions expert

Gove 'playing games with words' says leading evictions expert

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Property lawyer David Smith has questioned the accuracy of Michael Gove’s comments about funding the court system and banning Section 21 before the General Election.

Landlords need own courts, letting agents urge Government

Landlords need own courts, letting agents urge Government

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Letting agents have once again called on the Government to establish a network of dedicated housing courts to process evictions and help speed up the currently arduous, expensive and slow system.

City rejects landlords' worries over 'stifling' licencing scheme

City rejects landlords' worries over 'stifling' licencing scheme

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Landlords and letting agents in Bristol have failed to scupper plans for city-wide additional licensing and selective licensing in the Bishopston and Ashley Down, Cotham and Easton wards.

Leading brands in private rented sector unite under new name

Leading brands in private rented sector unite under new name

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HFIS launches Total Property, unifying brands like mydeposits and Landlord Action to streamline landlord services.

Give tenants more rights in reform bill, urge campaigners

Give tenants more rights in reform bill, urge campaigners

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A coalition of influential housing charities and campaign groups has urged the Government to go even further with its Renters (Reform) Bill and tip the balance even further in favour of tenants living within the private rented sector.

Landlord's outbuilding 'too small for one' found housing family of nine

Landlord's outbuilding 'too small for one' found housing family of nine

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A landlord in Peterborough is to pay a £4,800 fine after ignoring a prohibition order preventing him from renting out a ‘sheds with beds’ property at the rear of his garden.

Mortgage expert's spoof video warning about property gurus goes viral

Mortgage expert's spoof video warning about property gurus goes viral

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Mortgage expert Lee Grandin's viral TikTok spoofs warn against property investment "gurus," promoting informed and cautious investing.

Gove says landlords will face Section 21 ban 'before election'

Gove says landlords will face Section 21 ban 'before election'

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Michael Gove confirms Section 21 'no-fault' evictions will be banned before the general election, with reforms to follow.

When Commercial tenants leave, the Dilapidations process needs careful handling

When Commercial tenants leave, the Dilapidations process needs careful handling

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Dilapidations is a process used in commercial tenancies that needs to be dealt with and dealt with in a professional way, if it is to be effective.

'Cost of landlording' drives 18% rise in BTL repossessions

'Cost of landlording' drives 18% rise in BTL repossessions

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The cost of renting out properties and high interest rates have pushed up the number of buy-to-let (BTL) mortgages in arrears.

A simple guide to approaching rent increases

A simple guide to approaching rent increases

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If you haven't revisited your tenant's rent lately, it might be time to consider doing so.

'Perfect storm': landlords report big surge in tenant demand

'Perfect storm': landlords report big surge in tenant demand

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Two-thirds of landlords have experienced rising demand for private rented housing - but one-third plan to cut the number of properties they rent.

More money needed to support disabled tenants say landlords

More money needed to support disabled tenants say landlords

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Ministers must commit to uprating grants available to disabled people or many will miss out on vital adaptations, warns the NRLA.

Too many tenants facing eviction lack access to legal aid, say lawyers

Too many tenants facing eviction lack access to legal aid, say lawyers

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The government’s failure to increase housing legal aid has weakened the justice system and robbed those who face eviction and repossession of help, warns the Law Society of England and Wales.

Shelter slams landlords over increasing Section 21 notice evictions

Shelter slams landlords over increasing Section 21 notice evictions

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Shelter has attacked landlords for ‘kicking out’ over 26,000 tenants using a Section 21 ‘no fault’ eviction since the Government revealed it would ban this method of regaining possession of a property five years ago.

Asylum seeker HMOs WILL be included in licencing schemes, says Government

Asylum seeker HMOs WILL be included in licencing schemes, says Government

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The government has performed a U-turn over its plans to exempt accommodation for asylum seekers from HMO licensing requirements.

Landlord licencing launches to be 'highest number ever' in 2024

Landlord licencing launches to be 'highest number ever' in 2024

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This year is on track to break 2023’s record for the most additional and selective licensing schemes launched across the UK.