A landlord who let out flats in an unsafe house which had no power or hot water has been fined £20,000. Demetirous Georgiou, 64, failed to complete fire safety and gas and electrics works ordered on the Salford property in 2016. The council said fire doors were not...
News
Government launches review into short-term tourist accommodation
On 29 June 2022 the government launched a review into the effect of short-term holiday lets with the aim of improving the holiday letting market for those living in popular tourism destinations. The scheme, proposed in the review, could involve physical checks of...
Building Safety Act comes into force
On 28 June 2022 the Building Safety Act 2022 came into force. The DLUHC announced that 45 of the UK’s biggest homebuilders have agreed “to fix life-critical fire-safety defects on all buildings at least 11 metres high that they have played a role in developing or...
Household Debt: Key Economic Indicators
The House of Commons have released a report on the key economic indicators for houehold debt. It can be seen here, and says: Household debt as a % of disposable income Household debt peaked in Q2 2008 at 151.5% of household disposable income. It then declined to...
Coventry Building Society Confirms Landlords are Selling Up
This morning (Friday, 1 July 2022) on BBC's Today program (06:16), Steve Hughs, Chief Executive of the Coventry Building Society, confirmed that their buy to let business are seeing a net exodus of landlords, as they sell up, quoting changes in tax and legislation as...
House Prices
UK house prices set another record high in June, according to figures from mortgage lender Nationwide on Thursday (30/6/22), although growth slowed amid tentative signs of a slowdown in the housing market. On an annual basis, the Nationwide house price index rose by...
The pros and cons of being a commercial landlord
Property Reporter have run an article on ‘The pros and cons of being a commercial landlord’ It can be seen here, and says: The latest research by Revolution Brokers has revealed that commercial property landlords are currently averaging yields of 6% across England,...
applications now open for Building Safety Fund
The government’s £4.5 billion Building Safety Fund has reopens for new applications: buildings over 18 metres with cladding issues are eligible to apply for the fund, which has allocated over £1.3 billion towards making homes safe since its launch in 2020. A new...
Would you let to a student?
A study by the Tenancy Deposit Service has identified the main causes of disputes between student tenants and landlords and agents.The poll highlighted that a large percentage of landlords and agents have had to raise a deposit deduction, with 88 per cent confirming...
Farnborough landlord fined nearly £5,000 after ‘ignoring fundamental safety issues’ in home with nine tenants
A landlord was slapped with a fine of £4,600 after they ignored 'fundamental safety issues' within their house. At the time of the fine, nine people were living in the property. An Emergency Prohibition Order (EPO) was served to Janna Fuller, of Cross Street in...
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The Rich Embrace Renting Over Selling
Writing in Landlord Today, Yasmin Ulhaq of Glenfield Property Management opines on 'The Rich Embrace Renting Over...
Please do not keep on calling section 8 or section 21 notices, ‘Notices to Quit’
Housing Law Week have re-published an article about 'If a landlord needs to evict a tenant, in the vast majority of...
Energy efficiency of UK homes
The House of Commons Library has released a briefing focusing on the United Kingdom's progress in enhancing energy...