Private landlords and managing agents can benefit from a new scheme to help reduce the number of residential burglaries in their properties. Kensington and Chelsea is the first Council to offer the Enhanced Home Security scheme which provides specific and bespoke...
News
Mother wins £2.5k from council over ‘living nightmare’ house mould
A mum-of-three has won £2,500 after she successfully sued her landlord, Eastbourne council, over the mould which plagued her home for three years. Sara-Jae Gumbley, 36, was forced to endure a “living nightmare” during which she would buy as many as 20 air fresheners a...
Landlords’ profits fall below 4%
Buy-to-let profits have plunged to their lowest level since 2007 as interest rate rises pile pressure on landlords’ finances. Net profits for landlords with mortgages fell below 4pc in the first three months of 2023, according to new analysis from Savills estate...
Airbnb tax probe: have you paid the correct tax on your holiday let?
A Chartered Accountant has published an article on taxation on holiday lets. It can be seen here, and says: Airbnb and holiday letting landlords who fail to pay the correct income tax will face scrutiny from HMRC and in certain cases could face prosecution and...
Buy-to-Let – is it still a smart investment?
In a recent article, James Keable, Mortgage Services Director, Capital Private Finance posed the question - Buy-to-Let – is it still a smart investment? The article appeared on the Hamptons Blog, and can be seen here and gives Buy to Let a firm thumbs up, commenting...
Average UK rents continue to rise
Data released this week from the Hamptons revealed the average rent on a newly let home in Great Britain was up 9.1% in May compared to the corresponding month last year. London saw the biggest annual hike, with rents rising by 13.1%, followed by Scotland (11.6%) and...
One month left for Newham landlords to save £350 on property licenses
Newham Council are reminding landlords that the window of opportunity to get the Early Bird Discount on the new Selective Licensing Scheme is about to come to an end. The announcement can be seen here, and says: Early-bird discount available until 14 July for...
Landlords ‘at risk of going out of business’
The impact of regulatory and tax changes on landlords’ business models combined with sharp rises in buy-to-let mortgage rates risk putting more private landlords out of business, a hard-hitting report from the Intermediary Mortgage Lenders Association (IMLA) reveals....
Downing Street urges banks to help distressed landlords and tenants.
Downing Street has called upon banks to safeguard homeowners currently wrestling with escalating mortgage costs as interest rates continue to rise, destabilising the borrowing market. This initiative has been triggered as borrowers receive warnings of additional...
‘Very real risk’ landlords could flee buy-to-let sector as profits nosedive
Property Industry Eye is reporting on research by Savills’ the suggests 'that buy-to-let profits have plunged to their lowest level since 2007, and their is a “very real risk” that landlords will leave the PRS in their droves as a consequence.' The full report can be...
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Licensing fees could be cut
The ongoing debate surrounding licensing regimes operated by local councils highlights the complexity of regulatory...
Court fees to go up
The recent announcement of a 10% increase in court fees for landlords has sparked concern within the property sector....