Last autumn’s mini-Budget, and its subsequent impact on Swap rates, saw the introduction of staggeringly high product fees on buy-to-let mortgages. One landlord has described the fees as daylight robbery, while another said the fees “border on profiteering, as they...
News
Tougher rules needed for abandoned tenancies
iHowz has countersigned a letter to letter to the Secretary of State for Levelling Up, Housing and Communities, explaining the challenges and costs that landlords face when a tenant leaves their property without giving notice or returning the keys. The letter went...
War on landlords to blame for the Airbnb boom
In a series of letters to the Sunday Times puts the current influx of holiday lets and Airbnb firmly as a consequence of the Government discriminating against private sector landlords. A selection of the letters can be seen here (subscription may be necessary)...
Hamptons says landlords are selling at ‘£10,500 less than if they had sold in 2022’
Landlords selling up will typically make around £10,500 less than they would have done had they sold in 2022, analysis suggests. So far this year, the average landlord in England and Wales has sold their buy-to-let for £94,800 more than they initially paid for the...
DWP starts new Universal Credit work crackdown
Parents with young children face tough new rules to get them back to work The Department for Work and Pensions has confirmed a tough new work crackdown on Universal Credit has begun. The new employment push is targeting 700,000 parents to look for a job or increase...
Landlord fined £300k over poor housing conditions
A landlord from Buckinghamshire has recently received one of the largest fines in Hounslow after being found guilty of managing 22 properties where tenants lived in appalling conditions. The fine, amounting to £300,000, was imposed by judges at Isleworth Crown Court,...
landlord trials low-carbon heating system
A Yorkshire landlord is investing £200,000 in a trial of a low-carbon heating system in 30 homes. Yorkshire Housing will install infrared heat panels in 30 of its flats in York, as a replacement for existing electric panel heaters which the landlord said were bulky,...
Landlord of an HMO with ‘polystyrene ceiling’ fined £5,000
A landlord responsible for a Lincolnshire house in multiple occupation (HMO) has been fined thousands of pounds after myriad problems were found at the property. Jamal Parvez, who managed a HMO in Boston, Lincs, was handed a £5,000 fine after informal attempts at...
The case for incorporating
Under the heading 'Landlords get professional' Mortgage Strategy has published an article extolling the virtues of acquiring properties through limited companies. The article can be seen here. NB: iHowz don't provide taxation or financial advice, and merely reprint...
Students finding it difficult to rent a room
An exodus of landlords has left almost a quarter of a million students without a room in top university cities, analysis has found. Students at Russell Group institutions face the most competitive ever race to find housing this year amid a shortage of housing which...
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