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POLL: Portfolio landlords moving to commercial as PRS becomes more difficult

POLL: Portfolio landlords moving to commercial as PRS becomes more difficult

News

Large portfolio&nbsp;landlords are feeling upbeat despite the tough economic climate, with many eyeing the commercial sector for their next property purchase. The https://www.handelsbanken.co.uk/en/about-us" target="_blank" Handelsbanken </a

Leasehold WILL be abolished if we get into power, promises Labour

Leasehold WILL be abolished if we get into power, promises Labour

News

Labour has vowed to abolish the leasehold system as soon as it comes to power following Michael Goves U-turn earlier this month. The Housing Secretary dropped https://www.landlordzone.co.uk/news/new-gove-sets-sights-on-scrapping-leasehold-ownership/" target="_blank"

LATEST: Decent Homes Standard 'missing' from Renters (Reform) Bill

LATEST: Decent Homes Standard 'missing' from Renters (Reform) Bill

News

Environmental health bodies are to press the government on why it omitted plans for a Decent Homes Standard in the Renters (Reform) Bill. Despite including most of the promised draft legislation, the expected standards were missing and only mentioned in an accompanying press rel

'Fixed term tenancies MUST be preserved within reform bill for students lets'

'Fixed term tenancies MUST be preserved within reform bill for students lets'

News

A proposed ban on fixed-term tenancies could penalise students amid an already heightened rental crisis in many cities. According to student rentals platform StuRents�

Battle over holiday lets hots up as campaigning MP holds meeting

Battle over holiday lets hots up as campaigning MP holds meeting

News

The increasingly rancourous debate between Airbnb landlords and legislators will come to a head in York this week as the city's MP convenes a public meeting to discuss the growing problem of short lets within its walls. MP Rachel Maskell (main picture) is one of six mostly Labou

'This is why built-to-rent will outperform BTL in the long term'

'This is why built-to-rent will outperform BTL in the long term'

News

Property management professional David Goldberg recently revealed that in the long term, investing in so-called build-to-rent developments will prove to be more profitable for investors than buy to let. He claimed that built-to-rent looks to be a win-win for both tenant

SW city to clampdown on HMO conversions with harsher rules

SW city to clampdown on HMO conversions with harsher rules

News

Exeter is considering extending its Article 4 direction to help manage the impact of the citys student population. The current Article 4 restricting landlords rights to convert properties into HMOs is in an area close to the University of Exeters Streatham and S

Reform bill will push more landlords into the short-lets market, say experts

Reform bill will push more landlords into the short-lets market, say experts

News

Leading figures on both sides of the private rented sector have agreed that the Renters Reform Bill, along with the Governments other changes including tax relief, are driving landlords into the short lets market. The comments were made during a debate chaired by former North

OFFICIAL: Latest evictions surge 'due to reforms pushing out landlords'

OFFICIAL: Latest evictions surge 'due to reforms pushing out landlords'

News

The Minsitry of Justice has blamed a 23% jump in the number of private landlord possession during the first three months of the year on the Welsh PRS reforms, although volumes are still below pre-Covid levels. Quarterly figures from the Ministry of Justice show that claims&nbsp;

Renters’ Rights Bill: Expert insights on key changes

Renters’ Rights Bill: Expert insights on key changes

Podcast

Experts Sean Hooker and Kate Faulkner discuss the Renters (Reform) Bill and its impact on landlords and tenants in the private rented sector.

The UK's �1bn self-storage business boosted by the shortage of rentals

The UK's �1bn self-storage business boosted by the shortage of rentals

Information

Running a storage rentals business, supplying and letting space for inanimate objects, as opposed to people, is potentially far more lucrative and a lot less troublesome than operating as a residential landlord. The UK self-storage industry has grown steadily over the last twent

More landlords lose properties as interest rates and rising prices hit home

More landlords lose properties as interest rates and rising prices hit home

News

At least 410 buy-to-let mortgaged properties were repossessed in the first quarter of 2023, 28% higher than in the previous quarter - the highest level since the start of the pandemic. https://www.ukfinance.org.uk/" UK Finance reports that 970 buy-to-let mortg

Illegal HMO conversion lands landlord with hefty fine

Illegal HMO conversion lands landlord with hefty fine

News

A https://www.landlordzone.co.uk/news/court-fines-unlucky-but-rogue-landlord-12000-over-unlicensed-hmo/" rogue landlord who illegally subdivided his property into seven separate flats has been ordered to pay back more than �110,000 through the Proceeds of Crime Act.<br><

Green mortgage aims to make an impact on BTL investors

Green mortgage aims to make an impact on BTL investors

News

Buy-to-let landlords could add the cost of making properties more https://www.landlordzone.co.uk/news/landlords-rush-to-offload-their-energy-poor-properties/" energy efficient onto their mortgage in an initiative to make more UK homes greener. https:/

Renters’ reform bill promises major housing changes

Renters’ reform bill promises major housing changes

News

In the second in a series of blogs for&nbsp;LandlordZONE&nbsp; on rental reform,&nbsp;Sean Hooker , Head of Redress at the&nbsp;https://www.theprs.co.uk/" <e

Reform Bill: Landlords brace for 'challenging' notice periods

Reform Bill: Landlords brace for 'challenging' notice periods

News

Tenants could effectively move in and give notice the same day under proposals in the https://www.landlordzone.co.uk/news/renters-reform-bill-we-take-a-first-look-at-the-radical-new-legislation/" Renters (Reform) Bill . The draft legislation scraps assured shor

Landlords rushing to sell as mortgage costs soar above tenants' rent

Landlords rushing to sell as mortgage costs soar above tenants' rent

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Private landlords across the UK have found themselves in hot water, and its no surprise that many are rushing to sell their property portfolios. A recent article by the BBC reported that private landlords had expressed critical concerns that their rents wont cover the cost

Reform Bill: 'Justice at stake if eviction changes not backed by extra funding'

Reform Bill: 'Justice at stake if eviction changes not backed by extra funding'

News

Court reforms and extra funding are needed if the governments overhaul of the evictions process is to succeed, warn landlord groups and eviction specialists. It has promised to abolish section 21 no fault evictions&nbsp;as part of the https://www.landlordzone.c

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MP's bill forcing private landlords to fix mould delayed AGAIN

MP's bill forcing private landlords to fix mould delayed AGAIN

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Private renters are most in need of Awaab’s Law due to the frequently worse conditions of mould in their homes, says Labour MP Fleur Anderson, who hopes to instigate stricter rules for the PRS.

'Ministers need to let landlords know when Section 21 is going'

'Ministers need to let landlords know when Section 21 is going'

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Figures across the private rented sector including TV star Paul Shamplina have warned that both tenants, landlords and letting agents need to know when the Section 21 eviction ban is going to take place.

Pro-landlord MP explains why he voted against renting reforms

Pro-landlord MP explains why he voted against renting reforms

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Conservative MP Anthony Mangnall voted against the Renters Reform Bill, warning that removing fixed-term tenancies could reduce housing supply.

Labour plans to ban Section 21 immediately 'would cause chaos'

Labour plans to ban Section 21 immediately 'would cause chaos'

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Abolishing section 21 as soon as the Renters Reform Bill gains Royal Assent would cause chaos in the sector and leave the statute book a “confusing mess”, according to the government.

MP's bid to make landlords pay tenants' moving costs rejected

MP's bid to make landlords pay tenants' moving costs rejected

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Conservative MP Natalie Elphicke failed to convince the government to include relocation payments for tenants and to restrict tenancy grounds in its Renters (Reform) Bill.

Government agrees not to scrap selective licencing when Portal goes live

Government agrees not to scrap selective licencing when Portal goes live

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Environmental health officers have won a concession from the Government after it agreed not to stop councils using selective licencing schemes once England’s national property portal launches.

MPs vote through renting reforms including landlord-friendly changes

MPs vote through renting reforms including landlord-friendly changes

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The Renters (Reform) Bill has been voted through its final stage in the Commons and, much to some MP's annoyance, containing several new concessions to landlords.

'Landlords and tenants need clarity on how new pets rules will work'

'Landlords and tenants need clarity on how new pets rules will work'

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Animal welfare charity Battersea has called for more details on what constitutes ‘reasonable grounds’ for refusing a tenant’s request to keep a pet, in the Renters Reform Bill.

Plans to let tenants move out at short notice will 'disrupt market'

Plans to let tenants move out at short notice will 'disrupt market'

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A leading build-to-rent firm boss has urged the government to approve an amendment in the Renters Reform Bill preventing tenants from ending contracts in the first six months – or face disrupting the market.

High profile tenant given six months in jail for rental fraud

High profile tenant given six months in jail for rental fraud

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A director of the Scottish Women’s Premier League (SWPL) who defrauded her elderly landlord out of £30,000 has been jailed for six months.

UPDATE: NW council approves bigger selective licencing scheme

UPDATE: NW council approves bigger selective licencing scheme

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Two selective licencing schemes operated by Wirral Council in and around Birkenhead have been renewed with a further two schemes about to be launched following a consultation.

Southcoast city latest to charge landlords £500 for improvement notices

Southcoast city latest to charge landlords £500 for improvement notices

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Landlords in Brighton and Hove face a £500 charge if they are handed an improvement notice, as part of a council crackdown on failing properties.

How bad is the rental crisis? Latest figures reveal reality not the hype

How bad is the rental crisis? Latest figures reveal reality not the hype

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One of the key arguments used by housing campaigners to criticise the private rented sector and its landlords has been contradicted by the latest English Housing Survey.

Nightmare tenant sentenced after stealing landlord's furnishings

Nightmare tenant sentenced after stealing landlord's furnishings

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A tenant who stole almost £2,000 of furnishings from his elderly landlord has been handed a suspended jail sentence

MPs warn renting reforms could make PRS worse, not better

MPs warn renting reforms could make PRS worse, not better

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A cross-party group of MPs and peers has warned that the government needs to get its Renters Reform Bill right if it is to avoid exacerbating the housing crisis.

The US CoStar Group has completed a takeover of UK property portal OnTheMarket.com

The US CoStar Group has completed a takeover of UK property portal OnTheMarket.com

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US based CoStar, a force to be reckoned with in property, has completed a takeover of UK property portal, OnTheMarket.com

Lettings firm accused of breaking evictions ban

Lettings firm accused of breaking evictions ban

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Three students have threatened to take their landlord to tribunal for allegedly flouting eviction ban regulations which meant they were forced out of their flat while studying for exams.

Landlord given £485,000 fine over ‘sheds with beds’

Landlord given £485,000 fine over ‘sheds with beds’

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A rogue landlord who used a fake name to evade the law has been handed a whopping £485,000 in fines after he was found illegally renting out a large shed as five flats.

US bank predicts rebound in UK property prices

US bank predicts rebound in UK property prices

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US bank predicts turnaround in UK property market - inflation down to 3 per cent in two years

London's most expensive selective licencing scheme revealed

London's most expensive selective licencing scheme revealed

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Landlords in one of London’s biggest boroughs face a new selective schemes following a consultation launched by Lambeth council.

Recent research by Savills points to more landlords being priced out of BTL

Recent research by Savills points to more landlords being priced out of BTL

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More landlords to be priced out of BTL as rent increases slow from their peak

MP in second bid to stop landlords evicting benefits tenants in arrears

MP in second bid to stop landlords evicting benefits tenants in arrears

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An SNP MP has made another attempt to prevent PRS landlords from evicting benefit tenants who are in arrears.

Unusual portal and app that pays landlords seeks £5m funding

Unusual portal and app that pays landlords seeks £5m funding

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A property start-up hoping to the next big thing in the student housing market is looking for a £5 million cash injection to help it launch across four more cities.

Wales changes guidance after 'uncertainy' over occupation contracts

Wales changes guidance after 'uncertainy' over occupation contracts

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Landlords in Wales need to update their occupation contract templates after the Welsh government amended part of the document.

Initiative launched to better regulate property 'deal sourcers'

Initiative launched to better regulate property 'deal sourcers'

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The world of property deal sourcing is to become better regulated following the launch of a new partnership between the sector’s trade association and the Property Redress Scheme.

HMRC targetting 'under declaring' limited company landlords

HMRC targetting 'under declaring' limited company landlords

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A property lawyer has warned that HMRC believes buy-to-let landlords may be under-declaring taxes, and that it has them in their sights.

Smaller landlords offloading properties the most - claim

Smaller landlords offloading properties the most - claim

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Twice the number of landlords with one or two properties plan to sell up compared with those who own more than 10 properties, according to a new survey.

Judge slams AI following landlord's inaccurate tax bill appeal

Judge slams AI following landlord's inaccurate tax bill appeal

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A landlord who tried to challenge a tax fine by unwittingly using fake rulings generated by an artificial intelligence (AI) system like ChatGPT has had her appeal dismissed.

London council sweeps 20,000 rented properties into licencing

London council sweeps 20,000 rented properties into licencing

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Landlords in Lewisham are the latest within the London to face a selective licencing scheme now that permission has been granted by the Secretary of State for the scheme.

Higher mortgage costs driving higher rents say landlords

Higher mortgage costs driving higher rents say landlords

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Three-quarters of buy-to-let landlords (76%) increased rent during the past 12 months, most of whom blamed higher mortgage costs.

London's largest selective licencing scheme given green light

London's largest selective licencing scheme given green light

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The government has given the go-ahead to Brent’s selective licensing scheme, with the council labelling it, “a major win for both renters and landlords”.

Landlord licencing should be harsher says health chief

Landlord licencing should be harsher says health chief

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Environmental health officers want more robust landlord licensing schemes under the Renters Reform Bill, says the Chartered Institute of Environmental Health (CIEH).

Letting agent sentenced after stealing landlord cash

Letting agent sentenced after stealing landlord cash

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A letting agent who swindled £128,000 from her employer to fund an affair with her personal trainer was rumbled after landlords complained they had not received their rent.

NRLA and Shelter chiefs lock horns over reform bill

NRLA and Shelter chiefs lock horns over reform bill

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NRLA chief executive Ben Beadle has called for pragmatism and unity in response to Shelter’s new anti-landlord campaign.