A young landlord associated as a Rent to Rent success story has been declared bankrupt, owing £1.5million. Ben Brand charted his journey on social media which no doubt encouraged other people to sign up for expensive education or even "invest" with him: Companies...
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Activists prepare new attack on landlords
Rental activists have made clear that they are not going to stop when their objective to scrap Section 21 eviction powers is achieved.Section 21 is widely expected to be scrapped in a rental reform White Paper expected to be released by the government in the coming...
First landlord fined for non-compliance with electrical checks laws
An unnamed landlord in Coventry has been fined £1,600 after failing to provide proof that he had completed mandatory electrical safety checks at a property of his in the city centre. Council officials claim the man is the first landlord in the UK to be given such as...
2014 Act used to partially close property with bad ASB
A three-month Partial Closure Order has been enforced at a Wrexham address following a spate of anti-social behaviour reports. Police say the Empress Road address had been the subject of a high number of ASB and drug-related incidents in recent months. Granted on...
Hamptons report states Landlords purchase more than they sell in Q1
Landlords purchased more homes than they sold in the first three months of 2022, the highest proportion recorded in the first three months of any year since 2016, according to Hamptons. Investors purchased 13.9% of homes sold across Great Britain, the highest since...
A third of landlords say their portfolio is less profitable following BTL tax changes
Five years on from 2017's reduction in buy-to-let mortgage tax relief, there is growing concern among landlords with one in three admitting that their portfolio is not as profitable as it was before the changes. According to a new report from Simply Business, many are...
Less than one-third of landlords can fund EPC requirements
Landlords could lose up to £9,500 a year if they are unable to make changes to the energy efficiency of their property ahead of the proposed EPC regulation changes and 2025 deadline, according to research from Shawbrook. This figure refers to the average amount...
Buy-to-let lenders quick to pass on base rate rise to landlords
Buy-to-let mortgage lenders have been quick to pass on the base rate rise to new customers according to new analysis which shows fixed-rate mortgage prices have climbed. Landlords taking out a typical two-year fixed rate mortgage of £160,000 will be paying up to £90...
How the tax changes have affected landlords
A survey of over 600 UK landlords from Simply Business, one of the UK’s largest providers of small business and landlord insurance, has found one in three (33%) landlords saying that their properties are not as profitable as they once were due to the reduction of...
rent rises highest for over a decade in prime London
Annual rental growth in prime London reached 11.1 per cent in the first quarter of this year, following a 3.4 increase in the first three months of 2022, according to Savills.This is the first time the prime London rental market has seen double-digit annual rental...
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Landlord repossessions in England and Wales rise by 23 per cent
The Ministry of Justice recently published quarterly national statistics on possession claim actions in county courts...
Net loss of social housing stresses the PRS
The latest government figures reveal a troubling trend in England's social housing sector, with a net loss of 16,000...
Optimism in the housing market
Anthony Codling of RBC Capital Markets provides an optimistic view of the current housing market for investors,...