First look at the Renters (Reform) Bill: groundbreaking tenant protections, streamlined landlord redress & flexible ‘pets-in-lets’ rules.
Purplebricks, which at one stage was used by thousands of landlords to manage their properties, has announced that its assets and business are to be sold to rival Strike for �1, pending approval by its shareholders. Any funds remaining in the firm some �5.5 million are
Michael Gove approves relaxed HMO rules for asylum seeker housing, exempting safety standards and licensing; critics warn of potential exploitation.
The long-awaited Renters (Reform) Bill will finally be introduced in parliament after Prime Minister's Questions today. Setting out plans for 12 key reforms to the private rental sector, the 11th pledge - to give tenants the right in law to request a pet, which should not be unr
Agents lacking landlord licensing know‑how put landlords at risk — vital compliance gaps exposed.
It would seem that successive Tory governments have waged an ongoing and progressively more vicious war on buy-to-let landlords, but this latest layer of legislation goes much further. Yes, this latest iteration, and one thats https://bills.parliament.uk/bills/1768/s
Almost two thirds (63%) of private landlords who manage their own properties are tired of sorting out repairs and dealing with red tape and considering using a letting agency or property manager instead. A Uswitch poll of 2,000 landlords found that the most common reason t
Labour pledges stricter Decent Homes Standard 2 for private landlords, raising property quality and accountability ahead of next general election.
Keir Starmer is set to rebuff previous calls by London mayor Sadiq Khan to bring in a rent freeze, it has been reported. Khan has been banging his rent freeze drum for months now as the cost-of-living crisis has hit many tenants personal finances, telling the BBC in Oct
The much-delayed Renters Reform Bill is rumoured to be getting its first reading tomorrow after Prime Ministers Questions, although the 'full meat' of the proposals will come later. Rumoured to be renamed the Rented Homes Bill or Renters (Reform) Bill, landlords are waitin
The Government is to finally introduce its long-delayed renting reforms into parliament later today following Prime Ministers Questions (PMQs) in the Commons. The Bill, which is to be called the Renters (Reform) Bill, will get its first reading just aft
A tenancy deposit affordacility crisis is looming as new data reveals that nearly a third of renters are borrowing money to pay for them, new research shows. The poll of 1,000 tenants reveals how they are using credit cards, personal loans, overdrafts and family loans to scrape
Proptech company Propflo is working with BTL mortgage lenders to help portfolio landlords make their properties more energy efficient. It has been given a grant by Innovate UK to encourage lenders to explore initiatives such as encouraging retrofitting in their products, creatin
The government has vowed to crack down on dodgy rent-to-rent landlords who flout housing laws. Housing Minister Baroness Scott of Bybrook (pictured) says it is aware of concerns that some rent-to-rent arrangements have sometimes been used to make it more difficult to identify la
Rents on newly-let homes have increased by 25% across the UK since the start of Covid, costing the average tenant an extra �2,962 each year. Hamptons reports that rents rose 11% year-on-year, with April marking the second strongest month for rental growth on record. <p
Construction activity is continuing to grow in the UK. Thats according to the April S&P Global / CIPS UK Construction Purchasing Managers Index� (PMI), as reported by PCBToday, a Construction, Planning and Building Control portal. Construction companies in the UK the
Leading property sector figure Kate Faulkner (pictured) has called for a reset of the private rented sector, away from ineffective rules and regulations. <figure id="" class="w-richtext-figure-type- " data-rt-type="" data-rt-align=""><div><img src="https://cdn.prod.website-files.com/63bef2f
The number of landlords planning to sell their rented properties has reached its highest level ever, according to new research. BVA-BDRC, commissioned by the NRLA, found that during the first three months of this year a third of 700 private landlords in England and Wales that it
The RICS global Commercial Real Estate Market Monitor (Q3 2022) is indicating that the sector is in the early stages of a downturn. Thats according to around 81% of the surveys respondents in Q3 2022. It marks a significant increase from the previous quarter sample when just 11% of th
A concerned landlord has shared his frustration at the way councils manage problem tenants facing eviction by telling them to stay put while they are found alternative accommodation, informing the tenants that they will be making themselves 'intentionally homeless' if they move out. <p i
Continued demand for detached properties and a post-Covid resurgence in rent for flats has pushed annual increases in London above inflation. Average rents have accelerated by 4% to �1,499 during Q3 more than double the previous quarters rise and up 11% (�160) highe
The Rishi effect has started to impact mortgage rates just a day after the new PM was announced. As former Chancellor Rishi Sunak moves into number 10, some lenders have announced plans to drop their rates from tomorrow; Coventry Building Society is reducing its new busine
Nottingham landlords could face a �5,000 fine if their property doesnt have an EPC E rating as the city council bids to crack down on cold homes. The authority has agreed to adopt financial penalties under the Energy Efficiency (Private Rented Property in Engla
In this episode of The Property Cast, Eddie and Paul welcome energy expert and Head of Tenancy Services at Goodlord, Rik Smith. Drawing on his in-depth knowledge of the residential energy market, Rik cuts through the jargon to explain what is happening in the energy market at la
In this episode of The Property Cast, we discuss how landlords and agents can stay on top of their legal obligations. Landlords now have to meet 168 rules and regulations to let a property legally, but what are the latest legislative updates that landlords and agents need to kno
The Property Cast returns for 2022 and our first episode discusses what the Governments strategy is to achieve decarbonization of the private rented sector? What is the NRLA doing to support landlords? And what do landlords need to know? Eddie and Paul are joined by CEO of th
With inflation now into double figures, with all the financial shenanigans over the mini budget, the 10 year risk free bond yield at around 5 percent, its sending mortgages rates above 6 per cent, so how low will house prices go? It seems inevitable prices will fall, but by h
A father and daughter who lied about the tenancy of a dangerously overcrowded and unlicensed HMO have lost their appeal.
The government is to end the practice of banding individual rooms in HMOs separately for council tax purposes.
Paragon Mortgages the buy to let specialist admits that there is a challenge from rising rates, but it's not all bad news.
Most landlords are committed to their property portfolios, according to new research from Leaders Romans Group (LRG), with 68% planning to maintain their existing holdings, and 6% set to expand their investments.
Property surveyor, landlord and property show host Phil Spencer says landlords should “hold firm and remember their reasons for investing.”
Housing Minister Rachel Maclean has rejected another call for new tenants to be given two years before landlords can pursue a possession order.
A landlord has been ordered to fork out more than £47,000 for failing to licence his eight rental properties, after ignoring numerous written and verbal warnings.
A landlord leader has backed Southend-on-Sea Council’s crackdown on failing private rented homes.
The number of Right to Rent penalties handed to landlords have tripled so far this year under a crackdown on illegal renting and working.
Property expert Phil Spencer has urged landlords to be reasonable when signing up tenants who get into a bidding war – but recognises that competition is down to market forces.
Housing Secretary Michael Gove has admitted that the Renters Reform Bill won’t help landlords claw back money from absconding tenants.
The government has created a “half-baked cake” in the Renters Reform Bill, leaving the PRS desperate for clarity, says one industry boss.
Conservative MP Anthony Mangnall voted against the Renters Reform Bill, warning that removing fixed-term tenancies could reduce housing supply.
After a tough week, starting with reports from the Telegraph urging banks to “stop treating landlords like cash cows” we finally have some good news.
A rogue landlord who tried to evict his tenant using “deplorable behaviour” has been jailed for eight weeks.
The government is being urged to consider hard-up renters who won’t be able to take on their landlords despite any court system upgrade ahead of the Renters Reform Bill.
Housing secretary Michael Gove has pinned the blame for non-compliance within the private sector on foreign offshore landlords during a Q&A session at yesterday’s NRLA Conference in Birmingham.
A costly HMO conversion could prove a worthwhile long-term investment, with the average 8.1% HMO yield far higher than the 4.4% generated by a regular rental property, according to research by Octane Capital.
The mandatory national Property Portal for landlords to be introduced by the Renters (Reform) Bill next year will stop the spread of borough-wide selective licencing schemes, a leading MP has claimed.
Michael Gove used his speech to introduce the second reading of his Renters (Reform) Bill to pour cold water on calls for rent controls while also trying to reassure ‘good’ landlords that the abolition of Section 21 ‘no fault’ evictions will not affect them.
Following months of uncertainty, this year will be looked back upon as a tumultuous one for landlords.
Yes, legal terms confuse and like many specialisms, the confusion is added to by the fact that different terms often have essentially the same meaning.
A judge has opened the door to higher compensation being paid by landlords if they fail to protect their tenants’ rental deposits within one of the official schemes.
More detail on what information landlords will have to provide to the looming Property Portal have been revealed by the Government.
The Government has said it supports measures that will allow landlords to either charge tenants with cats or dogs both pet insurance at the beginning of tenancies or request that they take out a policy themselves.
