As the general election on 4th July approaches, a significant portion of landlords remain undecided about their vote, with over 40% still uncertain about which party to support. A recent poll by specialist lender Landbay, surveying 1,500 landlords, highlights the...
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Landlords generate £45 billion
A report by PwC, commissioned by the National Residential Landlords Association (NRLA) and Paragon Bank, has highlighted the substantial economic contributions of small and medium-sized landlords in England and Wales to the UK economy. The report estimates that...
Legal expert asks for end to Right to Rent checks
Tessa Shepperson has published a blog suggesting the English Government get rid of the Right to Rent checks on new occupants. The blog can be seen here, and says that the 'Right to Rent' checks were imposed on landlords in England in 2016, earlier in some areas, as...
Large fine for failing to licence a property
A couple who are portfolio landlords in the London borough of Haringey have been ordered to pay £10,000 after failing to license their property. An inspection found that the property, originally a family home, was occupied by seven different households, accommodating...
Most unaffordable council named
Barnet has been named the least affordable area of London to rent in, with tenants spending nearly half their take-home pay on rent. A new report by tenant and landlord services provider Canopy found that renters in Barnet spend 48.7% of their net pay on their rent,...
Does the Landlord and Tenant Act 1954 need modernising?
A firm of solicitors has looked at the 1954 Act, questioning whether it needs reviewing. Their findings can be seen here, and in summary: The Landlord and Tenant Act 1954 (the "Act") provides security of tenure for business tenants, allowing them to renew their leases...
Nationwide House Prices Rise, Little Change in Mortgage Approvals
Data released earlier by Nationwide showed that house prices returned to growth in May after two months of declines. House prices were up 0.4% on the month following a drop of 0.4% in April and 0.2% in March. Economists had expected house prices to tick up 0.1% on the...
Zoopla says Homes for Sale at 8 Year High
Britain's supply of homes for sale is at its highest point in eight years, according to research, in a trend which experts say will limit house price rises for the rest of 2024. Zoopla, the property website, said the average estate agent has 31 homes for sale, up 20%...
Another London Borough brings in licensing
Starting in September, landlords in certain areas of Lambeth will be required to purchase a £923 license to rent out properties as part of a new council plan aimed at improving housing quality and reducing antisocial behavior. This scheme applies to those letting...
Large fine for no HMO licence
Haringey Council in London has successfully prosecuted a couple for failing to license a House in Multiple Occupation (HMO) property, resulting in a £10,000 fine. This penalty, while substantial, is significantly less than the maximum £30,000 fine that councils can...
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Labour MP says student loan system is broken
Tim Roca, Macclesfield's first Labour MP, continues to advocate for change in the UK's student loan system, which he...
Rightmove reports ‘buyer fizz’ for landlords wanting to exit market
Rightmove's latest house price index reveals that landlords looking to exit the market due to high taxes and...
Rent Controls almost always backfire, says free market think tank
Landlord Today has published an article stating that the Institute of Economic Affairs (IEA), a free-market think...