These Regulations, which come into force on 20 July 2022, support the leaseholder protection provisions in sections 116 to 125 of, and Schedule 8 to, the Building Safety Act 2022 (the Act). Those sections make provision in relation to remediation of certain defects in...
News
More landlords plan to purchase buy-to-lets through limited companies
Mortgage Introducer have published the findings of a survey by Paragon Bank. It can be seen here, and says: The proportion of landlords who plan to purchase their next buy-to-let property through a limited company has hit its highest level for three years, according...
More than half of landlords unable to recoup pet damage costs: Propertymark
Pet damage poses more of a risk than the damage inflicted by adult tenants, with 85.3% of landlords and agents saying they have experienced pet-related damage, according to the latest data from Propertymark. The survey was undertaken by Propertymark and the National...
Housing Ombudsman makes 1,250 remedies during final quarter of financial year
On 28 June 2022 the Housing Ombudsman published its latest Insight report covering January to March 2022. It shows an increase in cases coming into its formal remit for investigation. The Ombudsman received 1,013 cases for investigation and made 1,250 orders and...
These REITS are Picking up the Slack
While traditional buy to let landlords are selling down their portfolios, companies such as this are raising funds from institutional investors to buy houses to rent to charities, etc on 25 full repairing leases. Home REIT PLC - London-based homeless accommodation...
Capital appreciation is starting to slow
Landlords are still enjoying substantial capital appreciation - but the latest Zoopla house price index reveals the lowest rate of monthly price growth since December 2019. The property market in the South West remains the most buoyant with the average property taking...
Report claims landlords cannot recover pet damage costs
Landlords typically spend hundreds of pounds repairing properties damaged by pets, but unable to recoup their costs.That’s the claim from industry supplier The Lettings Hub which says more than three in four landlords reported damage by pets but with over half unable...
Where are the best landlords?
Analysis of landlord-related tweets in 60 UK cities found only 3.3% of those from Worcester included a complaint. Only Colchester with a score of 3.2% had fewer Twitter complaints. HouseholdQuotes, which carried out the research, said Worcester’s relatively low...
Landlords warn ‘wave’ of evictions to come before rental reforms hit
The Telegraph have run an article on the potential for increased evictions before the intended abolition of the Section 21. It can be seen here (subscription might be required) and predicts ‘a wave of nearly 300,000 evictions before new rules are enforced, potentially...
Crackdown set for holiday lets in England
The boom in short-term lettings has created 'opportunities and challenges' for holidaymakers and communities Landlords with short-term or holiday lets, and anyone renting out a room through sites such as Airbnb may be required to register for a licence under...
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John Lewis in fresh housing row
John Lewis's expansion into property development is facing challenges with its Bromley housing scheme, as concerns...
Portfolio landlords are raising capital for expansion
Nearly four in 10 (37%) portfolio landlords, those with four or more properties, plan to increase the size of their...
Rightmove reports house prices rising
House prices strengthened in February as mortgage rates continued to fall. According to Rightmove's latest house price...