LandlordZONE Update - Rental Demand in Central London Outstrips Supply

 

Rental Demand in Central London Outstrips supply

  Rental Demand in Central London Outstrips supply

Central London Rents:

Average rental values in prime central London dipped just 0.1% in the three months to September, and average rents were down 3% year-on-year, representing the slowest declines in almost two years, that’s according to the latest Knight Frank PRIME CENTRAL LONDON RENTAL INDEX.

Higher supply in the rental market had been due…

Landlords and Tax:

The revelation that almost 50% of landlords who had registered for the property licensing scheme in Newham - something all landlords there must do if they want to let property in the borough – had not registered for or filed a self-assessment tax return.

Of the 27,000 landlords registered on the scheme…

 
 

Conservatives plan Landlord Redress Schemes

  Conservatives plan Landlord Redress Schemes

Under pressure to do more for tenants, the Conservatives have said they will introduce redress schemes for landlords, similar to those introduced for letting agents.

The announcement was made at the Conservative Party Conference last week, alongside other plans to regulate letting agents and bring in incentives for landlords to offer their tenants longer term…

Sub-Letting Licenses: (SOLITAIRE) LIMITED Appellant and CHERRY LILIAN NORTON and other cases [2012]

Landlords of leasehold buy-to-let flats are often asked to pay a fee (sub-letting licence or registration fee) to the freeholder when seeking permission to sub-let their flat, and this fee is usually due each time a new tenancy is signed.

This is…

 
 

Government Inquiry into Rogue Landlords

  Government Inquiry into Rogue Landlords

Substandard Homes:

Following the prime minister’s speech at the Conservative Party conference, when she promised to look into tenancy problems, an inquiry has been launched by Clive Betts MP into local authorities’ powers to tackle landlords renting out substandard or even dangerous homes.

A CLG Select Committee is investigating whether councils have adequate powers to…

The latest Private Rented Sector (PRS) report from the Association of Residential Letting Agents (ARLA Propertymark) shows that landlords are responding to the squeeze on their income by passing on at least some of their increasing costs, by way of rent increases.

Around one-third of member letting agents surveyed in July 2017 saw rents increase…

 
 

Iain Duncan Smith MP gives his verdict on the future challenges for landlords

  Iain Duncan Smith MP gives his verdict on the future challenges for landlords

Iain Duncan Smith MP joins Landlord Investor magazine as a columnist to give landlords and investors insight into issues affecting the market.

Read Iain Duncan Smith’s latest column in Landlord investor Magazine, issue 31, here.

Subscribe to the Landlord Investor Magazine

Landlord Investor Magazine has confirmed that Iain Duncan…

Eviction:

Section 21, the possession procedure in England, which has been a lifeline for landlords with bad tenants since the introduction of the Housing Act 1988, has undergone changes recently which have the potential to stymie an eviction attempt, if the rules are not followed to the letter.

No landlord wants to evict a good…

 
 

Benefit tenanted properties to get energy grants…

  Benefit tenanted properties to get energy grants…

Energy Grants:

Private (BTL) landlords who rent to housing benefit tenants could be inline for help with energy efficiency grants as the government decides to support a programme to improve the EPC rating of properties inhabited by tenants claiming housing benefits (HB).

The idea behind the initiative, ahead of the impending legislation enforcing minimum energy…

Validity of Section 21 Notice: Amak Property Investments v Laura Sonny [2016]

This case was an appeal by the tenant following a county court judgement relating to the validity of a s21 notice on the basis that the landlord had not complied with the deposit protection (MyDeposit) scheme rules.

The wording in the relevant Act…

 
 

UK Build to Rent hits 100,000 mark

  UK Build to Rent hits 100,000 mark

Build to Rent in Scotland:

The latest published research by the British Property Federation (BPF) suggests that Build to Rent (BTR) is approaching the 100,000 unit milestone at 95,918 homes now completed, under construction or at the planning stage.

Many housing industry professionals now see BTR as a big part of the solution to the…

Record Commercial Sales:

London commercial property has hit an £llbn record so far this year, with the City of London seeing it's strongest trading in a decade.

Savills, the property agency and consultancy, has produced data which shows July turnover was £2.1bn across 11 deals, equating to an average lot size of £190.92m. The sale…

 
 

Rising Damp - how to deal with it

  Rising Damp - how to deal with it

Damp & Mould:

You may have seen or heard of the 1970s TV series Rising Damp, which featured a landlord and his tenants (lodgers in this case) which rather implies that all rental properties are troubled with this kind of damp.

Far from the case, but some are. In fact the problem can affect any…

Property Security:

Technology has taken over nearly every aspect of our everyday lives, including how we choose to secure our homes. Following recent tests carried out by Hilton UK, smartphones could soon replace card keys as the way for guests to access the hotel chain's luxurious rooms. Smart locks are quickly becoming…

 
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