The private rental market will be investigated after the UK's competition authority found a "significant minority" of landlords may be violating tenants' rights. The Competition and Markets Authority (CMA) will focus on things such as "sham licences", which make...
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Met Police updates evictions guidance for officers
The Metropolitan Police has updated its training and guidance on housing evictions for frontline officers. The force said that the changes, which include a presumption against eviction, are "reflective of the needs of tenants". It follows work with the Greater London...
Prosecuted landlords forced to go on ‘recognised landlord training’
Directors of the company owning the property were issued with a Financial Penalty Notice for the offence totaling £1,898.73 after an inspection found the property housing five tenants had been an unlicensed HMO since at least 2018, meaning it was potentially unsafe...
Official dithering over EPC reforms damaging rental market
The Negotiator magazine is reporting that 'many of the EPC changes are simply ‘not practical, affordable or wanted by many tenants’ and that it’s unfair that the private sector landlords should have to deliver on EPC targets ahead of other housing market sectors.' The...
House Price Affordability Improving
Falling house prices and record wage growth has meant houses have become more affordable on paper, but the rising cost of borrowing has cancelled out any benefit. The cost of a typical UK home is 6.7 times average earnings, down from a peak of 7.3 last summer,...
Council threatens to seize landlords properties
Newham says its deadline to apply for a licence is at the end of this month and to take control of landlords’ property if they don’t apply in time. The council says it will be stepping up its enforcement and inspection visits in September and will take action against...
Are you part of the landlord exodus? Here’s what you should do next
Telegraph Money has run an article on the best options for squeezed buy-to-let owners. It can be seen here (subscription may be necessary) and says: Letting out a property was once viewed as a reliable way to make your money work for you – but a series of regulation...
Outer London Sees Soaring Tenant Demand, Research Finds
Recent research from Paragon Bank has shed light on the changing landscape of Britain’s rental market. Landlords situated in Outer London, as well as the East Midlands, have observed remarkable upticks in tenant demand. A comprehensive study encompassing 983...
The impact of private rented sector reforms on the student accommodation market
A firm of solicitors has just published a blog where they consider impact of the Renters Reform Bill on the student accommodation sector. The blog can be seen here, and says: Abolishing fixed term tenancies for PRS student homes could cause havoc for the student...
The rise of shared ownership – and the disaster lying in its wake
The Telegraph has just published n article looking at the problems of shared ownership, stating 'For many, the promise of partially owning a home has turned into a nightmare'. The article can be seen here (subscription may be necessary), and follows the case of Maddy...
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Home Office say Right to Rent rules made ‘easier’ for agents and landlords
The Home Office has announced changes to the Right to Rent rules, aimed at making it easier for letting agents and...
Labour would bring in local rent caps
A Labour government could potentially introduce rent caps, giving local councils the authority to limit annual rent...
New buy-to-let mortgage offerings
Today, Santander announced several changes to its residential and buy-to-let mortgage offerings: For landlord...