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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 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

News

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

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

Housing chief tries to reassure landlords over looming eviction changes

Housing chief tries to reassure landlords over looming eviction changes

News

Government officials have reassured private landlords that judges will be able to consider a wider range of behaviours before using their judicial discretion in ASB eviction cases. Giving evidence to the Levelling Up Housing and Communities Committee into

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

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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

ANALYSIS: How it's a taxing time for landlords...

ANALYSIS: How it's a taxing time for landlords...

News

Changes in tax rules for buy-to-let landlords have definitely made the business of letting property more challenging, particularly with those who have taken on big mortgages to buy their rental properties. The removal of mortgage interest relief (Section 24 of the Finance Act) a

'This is why landlords must approach guaranteed rent schemes with caution'

'This is why landlords must approach guaranteed rent schemes with caution'

News

An Essex landlord has learned the hard way that unpicking rent-to-rent or guaranteed rent agreements can be a lot more difficult than many might believe. In a case handled by the Resolution Department Lead Suzy Hershman (main picture) and her team at

Agency boss to pay £8,000 after terrifying tenant tactics

Agency boss to pay £8,000 after terrifying tenant tactics

News

London letting agent fined £8,000 for misleading tenants and using intimidation tactics; company dissolved.

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LATEST: Bank of England holds base interest rate at 4%

LATEST: Bank of England holds base interest rate at 4%

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The Bank of England has voted to hold the base rate at 4% as inflationary pressures persist.

Scotland urged to mirror England's new renter protections

Scotland urged to mirror England's new renter protections

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The Scottish Greens have called on the country's government to match protections coming into place in England.

HMO 'stigma' blamed for drastic fall in shared houses

HMO 'stigma' blamed for drastic fall in shared houses

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House share availability has dropped by almost -60% in some parts of England, sparking fears of an HMO landlord exodus.

Date announced for next stage of Renters' Rights Bill

Date announced for next stage of Renters' Rights Bill

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The Renters’ Rights Bill will be back in the House of Lords on 14th October for its final stages before becoming law.

Rogue landlord faces ban for renting out grotty home

Rogue landlord faces ban for renting out grotty home

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Landlord Janice Pope was ordered to pay nearly £3,500 after ignoring the threat of legal action.

Rogue agents pay heavy price for flouting payment rules

Rogue agents pay heavy price for flouting payment rules

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Two letting agents have been expelled from The Property Ombudsman after failing to transfer rental payments received from tenants.

Polystyrene Ceiling Tiles

Polystyrene Ceiling Tiles

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Polystyrene Ceiling Tiles - is it legal to have these tiles in the kitchen of a rental property?

Essex town has sights set on selective licensing scheme

Essex town has sights set on selective licensing scheme

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Scores of private landlords in Basildon could have to pay a licence fee if the council goes ahead with a selective licensing scheme.

More than half of landlords plan to buy new properties

More than half of landlords plan to buy new properties

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News
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Nearly 60% of BTL landlords have no intention of selling any properties in the next 12 months.

Rebel Tory MPs seek amendments to renting reform

Rebel Tory MPs seek amendments to renting reform

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It has been confirmed over the weekend that a group of 49 ‘rebel’ Tory MPs are working hard have the Renters (Reform) Bill amended.

MPs given more details on holiday short-lets clampdown

MPs given more details on holiday short-lets clampdown

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MPs have been given more details of the Government’s plans to clamp down on holiday lets in tourism hotspots following Michael Gove’s announcement this week.

Few councils policing minimum EPC rules or issuing fines

Few councils policing minimum EPC rules or issuing fines

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News
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Minimum energy efficiency standards (MEES) are not being enforced by overstretched councils who cannot keep any income they make from fines imposed for breaches.

HMRC's digital tax reporting scheme to cost landlords £460

HMRC's digital tax reporting scheme to cost landlords £460

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News
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Landlords will have to fork out an extra £460 to use the new Making Tax Digital for Income Tax Self-Assessment system.

Spray foam industry acknowledges problems with 'cowboy operators'

Spray foam industry acknowledges problems with 'cowboy operators'

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Landlords who have used cowboy spray foam firms to insulate their properties are to be offered help by one of the main trade associations for the sector.

Most tenants and landlords say Tory PRS policies 'wrong'

Most tenants and landlords say Tory PRS policies 'wrong'

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A staggering 94% of renters don’t have confidence in the government’s approach to housing, according to a poll by SpareRoom.

Big city council seeks more powers to curb HMOs

Big city council seeks more powers to curb HMOs

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Salford Council wants new powers to help stem the growth of HMOs in the city.

Rees-Mogg savages Tory party's rental sector policies

Rees-Mogg savages Tory party's rental sector policies

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Jacob Rees-Mogg has turned on Tory colleagues by labelling the Renters (Reform) Bill “desperate tinkering at the edges” which won’t help landlords or tenants.

Landlord faces big fine after ignoring HMO planning decision

Landlord faces big fine after ignoring HMO planning decision

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A landlord who ignored a council’s enforcement notice to stop operating an HMO without planning permission has been told to return it to a ‘traditional family home’ or face a huge fine.

Commercial to residential conversions, a new dawn!

Commercial to residential conversions, a new dawn!

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News
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Opportunities for developers and investors in property will open up as new amendments are laid down.

Landlords over 55 turning to Landlord Sales Agency as BTL mortgages grind to a halt

Landlords over 55 turning to Landlord Sales Agency as BTL mortgages grind to a halt

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It’s another week of news suggesting that landlords need to sell. If you’ve not yet considered cutting your loses, this might be the sign it’s time to exit the market, fast.

Minister grilled over conflicting Section 21 evictions ban promises

Minister grilled over conflicting Section 21 evictions ban promises

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Cross-party peers have grilled Housing Minister Baroness Penn over the government’s ambiguous assurance that no-fault evictions would be banned before the general election.

Landlord hit with £45,000 fine over unlicenced HMOs

Landlord hit with £45,000 fine over unlicenced HMOs

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A rogue landlord who ignored requests to raise standards at his two unlicensed properties has been hit with a bill of more than £45,000.

Property investment duo under fire as SFO probes £140m collapse

Property investment duo under fire as SFO probes £140m collapse

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News
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The Serious Fraud Office (SFO) has today raided homes and arrested four people connected to a group of investment companies that left some 1,000 investors out of pocket.

Leading Tory lobbyist warns Gove over Section 21 evictions

Leading Tory lobbyist warns Gove over Section 21 evictions

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A leading Tory lobbyist and political commentator has called on the government to ditch plans for abolishing Section 21 amid fears that it will only worsen the housing crisis.

60% of renters struggling financially and 11% using food banks

60% of renters struggling financially and 11% using food banks

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New research among tenants reveals a bleak picture as the cost-of-living crisis hits home within the private rented sector.

'Airbnb growth is down to Gove's anti-landlord policies' - claim

'Airbnb growth is down to Gove's anti-landlord policies' - claim

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Leading letting agent Marc von Grundherr (pictured) has labelled the government’s crackdown on short lets “ironic”, given its hard line on buy-to-let landlords.

Two thirds of landlords making leap to Ltd companies

Two thirds of landlords making leap to Ltd companies

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A surprising 65% of landlords are considering or have already become a limited company as thousands seek tax benefits to help their business succeed.

Only big money (not private landlords) can solve rental crisis, claims Savills

Only big money (not private landlords) can solve rental crisis, claims Savills

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The private rented sector is forecast to lose half a million homes during the next decade, leaving a large supply gap that can be filled by the build-to-rent sector, it has been claimed.

Is the UK tax regime unfair on private landlords?

Is the UK tax regime unfair on private landlords?

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Paul Shamplina and guests debate whether the UK tax regime is stacked against landlords in this Propertycast episode.

NW city ignores landlord concerns over bigger licencing scheme

NW city ignores landlord concerns over bigger licencing scheme

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Concerns among Blackpool landlords over the future of the city's selective licensing have been swept aside after councillors approved the hugely enlarged scheme, which must now go to Michael Gove for the final green light.

Big suburban council to extend £950 licencing scheme

Big suburban council to extend £950 licencing scheme

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Barking and Dagenham Council is the latest borough to launch a bid to renew and expand its licencing schemes.

Activists urge ministers to go further with rent controls

Activists urge ministers to go further with rent controls

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Arguments between politicians, landlords, charities and both tenant and trade unions in Scotland about what to do when the country’s ongoing rent cap scheme ends on 31st March deadline have ramped up in the past few days.

MPs slammed for tabling sensible amendements to reform bill

MPs slammed for tabling sensible amendements to reform bill

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Campaigners have accused leading landlord MPs of trying to ‘gut’ the Renters (Reform) Bill as it goes through parliament.

Official probe into rent-to-rent sector launched

Official probe into rent-to-rent sector launched

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The NRLA is questioning whether rent-to-rent’s days are numbered after the government announced it was investigating the sector in a bid to understand its impact on tenants and landlords.