Despite the government's decision to abandon proposals for minimum energy efficiency standards (MEES), many landlords are still taking proactive steps to make their properties more environmentally friendly. Here's a summary of the key points: Landlord Initiatives:...
News
Many landlords find it unprofitable to continue
The surge in buy-to-let landlords exiting the private rented sector (PRS) is attributed to various factors, including increased receiver appointments and regulatory pressures. Landwood Group, a leading auctioneer, reports a 150% increase in receiver appointments for...
The court system is failing landlords, report says
An article in Legal for Landlords discusses the delays and challenges faced by landlords in the eviction process highlight significant issues within the legal system. Here's a summary of the key points raised in the article: Delay in Eviction Cases: Landlords are...
Reminder to check fire doors
Fire doors play a crucial role in preventing the spread of fire and smoke within buildings. The Fire Safety Act 2021 clarified the importance of flat entrance doors in fire risk assessments mandated by the Fire Safety Order. The Fire Safety (England) Regulations 2022...
Court and tribunal fees to rise
On April 1, 2024, the Ministry of Justice confirmed the increase in court and tribunal fees following a consultation process. The consultation paper, titled 'Implementing increases to selected court and tribunal fees,' was published on November 10, 2023. It sought...
Groundswell Report Highlights Health Challenges in Temporary Accommodation
Groundswell, supported by funding from Trust for London's Better Temporary Accommodation for Londoners Initiative, has released a report shedding light on the health struggles faced by individuals living in temporary accommodation. Here are the key findings from the...
Addressing the Alarming Surge in Tenant Application Fraud: A Concern for Landlords
The revelation that tenant application fraud has surged by 140% may not come as a surprise to those entrenched in the private rented sector. For landlords grappling with the challenges of an increasingly demanding market, this alarming trend poses significant...
Navigating Payment Inconsistencies: Challenges Faced by Landlords Renting to Universal Credit Tenants
In recent times, landlords renting to Universal Credit (UC) tenants have encountered a significant challenge due to payment inconsistencies arising from recent changes by the government. Despite the promises of increased housing support for low-income renters, many...
Positive Shift in Housing Market Amid Rising Buyer Demand and Stabilizing Prices
Recent findings from a survey conducted by RICS reveal a positive shift in the housing market, with buyer demand on the rise and expectations for future sales improving. Additionally, house prices appear to be stabilizing, indicating a more optimistic outlook for the...
Unveiling the Financial Strain: UK Tenants Grapple with Soaring Rent-to-Income Ratio
A recent study by Canopy has shed light on the financial burden faced by UK tenants, with the average tenant dedicating nearly 38.3% of their monthly income to rent. This alarming figure places many tenants on the brink of affordability, as financial experts typically...
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Potential Increase in Capital Gains Tax (CGT) for Landlords
Research by Quilter suggests that landlords could face significant increases in capital gains tax (CGT) if Chancellor...
New Hardship Tests and Energy Efficiency Requirements for Landlords
The Telegraph has published an article entitled 'Labour plots fresh war on landlords'. It can be seen here...
Section 24 tax changes having bad effect on industry
A Propertymark report sheds light on the significant and far-reaching consequences of the Conservative government’s...