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
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><
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:/
In the second in a series of blogs for LandlordZONE on rental reform, Sean Hooker , Head of Redress at the https://www.theprs.co.uk/" <e
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
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
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 as part of the https://www.landlordzone.c
A new ombudsman known as the landlord redress scheme - and property portal would be compulsory for all private sector landlords.
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
Complaints from landlords and letting agents have been passed to LandlordZONE about a rent-to-rent provider whose founder is lauded online for raking in up to �12,000 a month. <figure id="" class="w-richtext-figure-type- " data-rt-type="" data-rt-align=""><div><img src="https://uploads-
Landlords face higher bills from next year after Chancellor Jeremy Hunt slashed the annual threshold for Capital Gains Tax from �12,300 to �6,000 next year and �3,000 from April 2024. Although a rise in CGT didnt materialise, he followed the Office of Tax Simplification
Landlords have accused the Government of "breaking the private rented sector" with its relentless regulatory and tax policies. The comments have been made by the NRLA, which says that while demand for rented homes is rising as home ownership becomes less affordable, the number o
Brighton & Hove Council is squeezing its HMO sector even harder by introducing a tough new set of policies designed to reduce their impact on local communities. Its City Plan Part 2 includes new guidance for those applying for planning permission as well as rules covering bu
The way that private rented sector (PRS) landlords operate their properties in Wales is going through one of the biggest changes in decades as the Welsh Government, under its devolved powers, pass and implement the https://www.legislation.gov.uk/anaw/2016/1/contents" target="_blank
Leicester city council councillors are to vote next week on plans to significantly widen local planning laws to clamp down on the spread of HMOs. The measures are to be brought in following a public consultation that finished in January this year. Leicester has had a
The mention of Japanses knoweed has the effect of putting the fear of God in property owners, but the bamboo plant, which is lesser known, can be even more devastating. Homeowners have been planting bamboo for years in Britain to create an exotic oriental ornamental feature or a
The Making Tax Digital initiative (MTD) is a HMRC scheme that aims to modernise income tax accounting and reporting, making the process fully digital. The idea is to improve HMRCs efficiency and reduce costs to the taxpayer by processing business, property and individual tax affairs on-l
Successful landlord and property developer Kathy Miller has urged the government to rethink its plans to abolish Section 21 or face a big rise in court cases and spiralling bills for unpaid rent and property damage. <figure id="" class="w-richtext-figure-type- " data-rt-type="" data-rt-a
Landlord Actions Paul Shamplina (main picture) has explained to Radio 4 listeners how an almost broken court system and higher interest rates are driving a rush in Section 21 evictions before rent reform laws kick in. Speaking on the https://www.bbc.co
A landlord has failed to convince a court that stress and financial difficulties excused her from paying a rent repayment order. Instead, Jaya Sanahs four tenants will share �16,191 after ahttps://www.landlordzone.co.uk/tag/first-tier-property-tribunal-2...
Landlords are to wait many more months to find out the details of Government proposals to raise the minimum Energy Performance Certificate for rented properties. Energy minister Andrew Bowie (main picture) has admitted during a Lords debate that progress h
Lloyds has grown its rental portfolio to 1,000 properties and has another 700 in the pipeline as it bids to become one of the UKs biggest landlords, albeit far off its original objectives. The bank has some way to go if the publicly-owned institution is to meet its target of
A landlord in Norfolk has payed fines totalling �40,000 after he was found to have housed tenants in a way that put tenants at risk. Issues were reported at the Watton property (pictured) to Breckland Council last year, which prompted an inspection by officers who found a block
An Upper Tribunal has slashed a landlords Rent Repayment Order by �16,000 after taking pity during an appeal hearing on her precarious financial position�. A First Tier Property Tribunal https://assets.publishing.service.gov.uk/media/6239f607e90e07799cd3de67/LO
The Bank of England has this lunchtime raised its base rate by 0.5% as the venerable institution fights to bring down inflation, which yesterday was revealed to be sticking stubbornly at 8.7%, way above the bank's target of 2%. Commentators and mortgage holders alike had hoped t
Welsh Minister for Climate Change Julie James has backed the NRLAs call for a review of property taxation in the PRS. Speaking at thehttps://www.landlordzone.co.uk/news/breaking-landlords-tell-housing-minister-face-to-face-that-sector-needs-support/" <strong i
The Treasury has confirmed that it will not introduce tax relief on mortgage interest payments for either homeowners or landlords despite the ongoing mortgage cost crisis. As we https://www.landlordzone.co.uk/news/mortgages-landlord-tells-bbc-how-payments-have-tripled-o
JLL's latest report highlights the rapid growth of institutional Build-to-Rent (BTR) in the UK, with over 82,000 homes completed and rising demand.
Suzy Hershman (main picture), Resolution Department Lead at HFIS, examines a shocking case her team dealt with recently and highlights what landlords can learn from it . The case</h4>A landlord with a four-bedroom property i
Multi-millionaire landlord Judith Wilson (main picture, inset) has been hit with a �166,000 court bill after losing a legal battle against Tonbridge and Malling Borough Council. Wilson, wife of the controversial Fergus, who was once dubbed Britains
Treat tenants like customers and stop thinking about profit if you want to make a success of property investing - thats the advice of lettings and landlord professional Tom Soane, who boasts that its made him the 'best landlord in the UK'. Your property is a product, te
Councils have been given three months longer to launch selective licencing schemes, new Government guidance has revealed. An update to the Department of Levelling Up, Housing and Communities advice to local authorities considering or planning a selective licencing scheme has
More than 1 in 10 (11%) homes for sale on Zoopla are former rental properties after private landlords faced with tax changes and higher borrowing costs have rationalised their portfolios or quit the market. Before the pandemic, half of these homes for sale returned to th
Paul Bradley, a landlord with a single rental property in North London, has told the BBC how the ongoing mortgage crisis has seen his monthly interest-only loan payments triple over the past 12 months. His case illustrates vividly the significant challenges that the approximatel
Rising cost of living causes tenant referencing pass rates to drop from 35% to 25%, increasing rental risk for landlords, reports Housing Hand.
A Labour MP has called on the government to extend notice periods from two to four months to prevent landlords from unjustly evicting tenants. <figure id="" class="w-richtext-figure-type- " data-rt-type="" data-rt-align=""><div><img src="https://cdn.prod.website-files.com/63bef2f3c329eff8e3
Only one-third of Oxfords private rental properties have been registered for its city-wide selective licensing scheme and could soon face steeper fees or a hefty fine. The scheme, which launched last September, has received more than 10,500 licence applications from the 3
An https://www.landlordzone.co.uk/news/braverman-under-pressure-to-reverse-outrageous-new-hmo-rules-for-asylum-seekers/" HMO landlord says desperate new tenants are moving in hours after the previous tenants leave due to a dearth of available properties. In he
A letting agent who ripped off dozens of landlord clients has been banned from being a company director for eight years. https://www.landlordzone.co.uk/news/letting-agent-who-stole-80000-from-dozens-of-landlords-admits-fraud/" Frank Smart , 46, the owner of Sma
In a market where interest rates are sky high, tax bills are extortionate and mortgage payments are higher than rents, coupled with a backlog of refurb costs and difficult tenant situations, landlords are rushing to cash in and sell their property portfolios. If you were a landl
With one in five households now renting, the private rented sector is an essential part of the housing market. As the government has reduced its housebuilding strategy for all local authorities from mandatory to advisory, with some councils scrapping targets all together, the ho
A European lettings portal has launched in the UK aimed at globe-trotting students and young professionals. Rotterdam-based https://housinganywhere.com/" HousingAnywhere , which specialises in mid- to long-term rentals, now covers London,
Over the last 15 years, the HMO market has been transformed and there has been a boom. The reason for the boom was, quite simply, that HMOs could generate far better returns than single home lets. But as the market grew, regulations tightened. On top of the extra du
