If the latest figures highlighting the number of overseas landlords owning property in the UK is anything to go by then Brexit hasn’t deterred investment in the UK property market.According to the most recent data, the figure stands at a five-year high of 184,000 –...
Industry News
Increased landlord risk pushes rents to record high
The Homelet Rental Index figures for March 2021 have now been released, with the UK average rent at their highest levels since the index was launched in 2014.The average rent in the UK is now at a record high of £992 – the fourth increase in as many months.When London...
Banning Orders: just 39 issued, three years after implementation
Some 39 agents and landlords have had banning orders over the past three years according to a report in The Guardian.Under the 2016 Housing and Planning Act, agents or landlords subject to banning orders cannot let housing in England, or engage in lettings agency or...
London landlord fined for refusing to make safety improvements to Folkestone homes
A landlord has had to pay out almost £10,000 after refusing to make safety improvements to two of her Kent properties. Madeline Scott was fined after ignoring repeated instructions to fix potential safety risks at properties she owned in Folkestone. Ms Scott, of...
New Electrical Standards become law today.
A reminder that from today (April 1st) all rental property requires proof they meet current electrical standards. See the Government guide on this here.
Covid: Ministers urged to help tenants and landlords with rent arrears
The government should provide financial help to tenants and landlords in England dealing with rent arrears built up as a result of Covid, MPs have said. The housing committee warned that ministers are in danger of breaking their pledge that nobody should lose their...
Evictions specialist warns of “court avalanche” when evictions ban ends
Paul Shamplina, founder of Landlord Action, warns that county courts are facing an ‘eviction avalanche’ when the ban on bailiff-led evictions comes to an end on 31 May. According to Shamplina, with the exception of last year, the number of evictions has been steadily...
Potential Three-Year Tenancies Proposed by Council
A council enquiry is currently proposing new landlord licensing schemes in one country in England, including a three-year tenancy. So what could this mean for property investors, property developers and landlords? An inquiry into the private rental sector in Cornwall...
Confidence grows in BTL as landlords take out larger loans
Despite having a rough ride over the last few years in terms of tax measures imposed on them, it seems that confidence among UK landlords is growing, with the latest data revealing that they're putting their money where their mouth is.Mortgage products designed to...
Councils use computers to find low EPC properties for £5,000 fine
Threatening fines of up to £5,000 for any rental property with an EPC lower than Band E, councils are now using artificial intelligence to pull together all manner of records and information to cross-correlate properties on the EPC register with ratings F or G so that...
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Letting Agent fined £17k
iHomes Letting Limited, a letting agency in Telford, has been fined nearly £17,000 for breaching seven offences...
Migration blamed for rental crisis
Richard Donnell, the executive director of Zoopla, has stated that the UK is facing a rent crisis due to record net...
Sussex council propose increase of tax on empty homes
Lewes District Council's cabinet in East Sussex has approved plans to increase council tax premiums for empty...