Smaller portfolio landlords quitting UK rental sector, says Bank of England: mounting costs & regulation driving exits, reducing rental supply.
Letting agents and their landlords who advertise properties as 'no children' face being accused of breaking discrimination rules, it has been claimed following a campaign by Shelter. The organisation says agents who advertise properties as no children are now breaking The
Eviction expert Paul Shamplina warns of a social housing crisis post-Section 21 abolition, citing court delays and landlord uncertainty.
Short-term holiday lets platform Your.Rentals is raising on the crowdfunding site Seedrs as it seeks to expand its reach in the UK, raising some £1.3 million so far. The Copenhagen-based company, which is headed up by founder Andrew Martyn (main picture),
It has been reported this week that housing minister Rachel Maclean (main picture) told a meeting in Westminster that fellow Conservative MPs and the property sector (i.e. the NRLA and other trade associations) are wrong to claim that landlords are leaving the sector. This
Manchester students occupying a university-owned building in a protest over rent costs and living conditions have been ejected by bailiffs. Manchester University says their action was illegal and that it was granted a possession order by the High Court. When the 20 strikers refu
Housing Secretary Michael Gove has dropped a hint that he could be willing to consider tax concessions for landlords. Speaking in the Commons during a Budget debate, he told MPs that the government needed to make sure there was fairness in the tax treatment of landlords before l
Tax changes in the private rented sector have lost the Treasury �1.5 billion in revenue, according to new research commissioned by the NRLA. https://www.capitaleconomics.com/" target="_blank" Capital Economics fou
A landlord in Derby has been convicted of an illegal eviction and ordered by a court to pay a �1,600 fine. After initially agreeing a 12-month rental for an unfurnished house with a young family, landlord Grace Young of Pear Tree Street, Derby then attempted to illegally evict
A new devolution deal will give the 10 Greater Manchester councils powers to approve larger selective licensing schemes. The pact, signed by Levelling Up Minister Dehenna Davison (pictured, below), Greater Manchester Mayor Andy Burnham (main pic) and the council leaders, will al
A landlord whose properties are caught up in the cladding scandal faces a bill of up to �50,000 unless the government changes the rules about who it will subsidise. Neera Soni rents out a number of leasehold properties and says she and at least a quarter of those owners at
London Mayor Sadiq Khan has been urged to clamp down on rogue exempt accommodation providers who exploit the housing benefit system and put vulnerable tenants at risk. An investigation by the London Assembly Housing Committee found some rogue providers wer
The Isle of Wight Council has vowed to charge owners of second homes and empty properties more council tax as soon as it gets the go-ahead from the government. Its ruling Alliance Administration had suggested putting a 100% tax premium on second homes and empty properties, howev
A senior figure from the banking world has claimed that institutional investment is the golden ticket to solve the UKs supply and quality problems within the private rented sector (PRS). Cedric Bucher (main image), who heads up Hearthstone Investments </st
Another First Tier Property Tribunal has confirmed that a superior landlord cannot be held responsible for a Rent Repayment Order (RRO), following the landmark Rakusen case. Tenant Riaz Moola had tried to argue that landlord Khalil Mbarek was responsible for the property in t
The Government must stop its ongoing and irresponsible attempts to curry favour with tenants via its looming reform of the private rented sector, a buy-to-let lender has said. Mortgages for Business boss Gavin Richardson (main
A landlord couple have been convicted of a �1 million benefit fraud stretching over 20 years. Emmanuel Bay , 68, and Nancy Bay , 67, of Sudbourne Road, Brixton (pictured), were found guilty of 21 offences between 1999 and 2018 under t
Home Reit, an investment trust landlord, was set-up to house Britains homeless. But the company has found itself running into increasing difficulties, with tenants' complaints and failed rent payments, a negative short-seller's report, a financial squeeze with falling stock prices and al
Article 4 direction : Birmingham CityCouncil is introducing a city-wide direction for houses in multipleoccupation (HMOs) from 8 June 2020. An Article 4planning direction means that planning approval will be required forthe conversion of a famil
Capital Gains Tax: Owners of second homes and buy-to-lets that they have previously lived in should be aware that as from April 2020 the tax relief period allowed against capital against tax (CGT) will be reduced. As it is a present,when you se
Letting Agent Contracts: One common question asked by landlords is, "how do I terminate my relationship with my letting agent?"For one reason or another, landlords sometimes wish to end their relationship with their letting agent and want to know how to go about it.Requests
General Election: Part of Laboursbid to be elected on 12th December is a raft of taxraising measures aimed at buy-to-let landlords and second homeowners. Jeremy CorbynsLabour party manifesto launch last week outlined a n
Condensation andmould : This time of year,as the temperature drops, both new homes and old homes aresusceptible to the formation of condensation and unsightly mould: newhomes because they are effectively a sealed box, and old homesbecause they often lack ef
The colder weather is here again, its that time of year coming; you feel that cold chill in the air, the snow and ice will soon arrive, and you know its time to get out that winter coat, scarf and gloves.You also know that cold wet weather on the way will test your rental properties and tenant
Portfolio Landlords: Buy to let lender Paragons recent research shows that professionaland larger-scale landlords are still investing and are increasing the size oftheir portfolios through more targeted investments. With an average portfolio
New rules that came into force in March allow https://www.independent.co.uk/news/business/news/landlords-sue-cold-damp-homes-law-tenants-renting-housing-a8776671.html" tenants to sue landlords for issues like cold and damp. A broken heating system or poor ventilation that
Commercial Property : A recent High Court decision in Co-Operative Group Food Ltdv. A&A Shah Properties Ltd (2019) relates to an authorised guaranteeagreement (AGA) dispute, in this case an agreement involving a guarantor of theoutgoing tenant. <p id
A housing minister appointed just nine months ago by Rishi Sunak has now been asked to stand down during today’s reshuffle triggered by the sacking home Home Secretary Suella Braverman.
A big NE of England council is considering supplementing its landlord-led scheme with selective licensing in large parts of the town.
Landlords are selling more homes than they’re buying, according to Hamptons’ monthly letting index, although the sell-off is slowing down.
Fears that banning section 21 will harm the PRS in England are entirely misplaced, based on contradictory evidence in Scotland, according to The Social Market Foundation (SMF).
As a landlord, you want to ensure your property business is as profitable as possible – and that means minimising your tax liability, so you don’t pay HMRC any more than you need to. Here are some options that can help you do that.
The Landlord and Tenant Act 1954 Part II provides security of tenure to tenants of premises occupied for business purposes, or mixed residential and business purposes. Under the provisions of the 54 Act, it is possible for a lease or tenancy of a property, used for both resid
After a slew of bad news, this week’s headlines come as a welcome relief for landlords looking to sell. The Telegraph reported that despite higher rates and regulatory risks around rentals, a wave of new investors had entered the market, stepping in to take portfolios off landlords’ hands.
A business that rents out properties via Airbnb on behalf of landlords has raised another £1.75 million from investors, taking its total raised since 2016 to £12 million.
The Build-To-Rent (BTR) sector now accounts for 10% of all UK real estate investment after a record-breaking year.
The government has launched plans to slash ground rents on existing leaseholds as part of a consultation into widescale reform.
County courts are taking over half a year on average to process legitimate evictions by landlords and agents, it has been revealed.
A property management company has slammed its local council for charging a student accommodation block nearly £45,000 under the selective licensing scheme.
Landlords should be allowed to offset spending on insulation and energy-saving improvements against tax, according to the Liberal Democrats.
The tough economic conditions bearing down on landlords are starting to push up mortgage arrears, latest data from lenders’ trade body UK Finance has revealed.
New research by Generation Rent reveals that white people are 36% more likely to receive a positive response when applying to rent on SpareRoom than black people.
Signs that the Government’s assault on landlords coupled with higher mortgage costs are chasing more out of the market than usual have come from the Royal Institute of Chartered Surveyors (RICS) this morning.
Theresa Villiers warns court delays risk worsening landlord exodus and housing supply issues, urging reforms before Section 21 abolition.
Coventry Council is hailing its crackdown on unlicensed HMOs a success after it fined landlords more than £100,000 in just two of the city’s streets.
A notorious rogue landlord and his property management company have been handed a staggering £480,000 fine for renting out an HMO so damp that mushrooms were growing on the upper floors.
The UK’s housing market is past ‘peak pain’ after a rollercoaster 12 months and is forecast to grow by 17.9% – equivalent to a £45,521 gain on the average home – within five years.
A legal expert has warned that landlords face prosecution for running illegal HMOs if tenants follow Airbnb’s suggestion that they sub-let their homes.
King Charles has heralded the government’s commitment to the Renters Reform Bill in his first King’s speech as monarch.
Homes bought by landlords to rent out via short-let contracts create gross returns of between 12% and 20%, an estate agency has claimed.
Will the Renters (Reform) Bill progress and ban Section 21, despite mounting opposition from Conservative back-benchers?
A rogue landlord firm has been handed a £18,300 fine for letting out an unsafe, unlicensed property - only three months after being fined for the same offence in the same building.
