The latest internal data from Shawbrook indicates a significant shift among professional landlords towards investing in Multi-Unit Freehold Blocks (MUFBs). In 2024, there has been a 14% increase in landlords showing interest in this property type compared to 2023....
News
Largest Labour MP landlord urged to resign
The situation involving Labour MP Jas Athwal, who has been called to resign following a BBC investigation revealing unsafe conditions in the flats he rents out, has drawn significant criticism. Athwal, the biggest landlord in the House of Commons, has faced...
New landlords are young
Paragon Bank has released a report entitled 'Who are the next generation of landlords?' It can be seen here, and provides insights into the evolving landscape of UK property investors, focusing on a younger group of landlords eager to expand their portfolios: The...
Some properties are having their asking price reduced
Recent research from Zoopla has revealed that UK homeowners who are forced to reduce their asking price face significant delays in selling their property. The findings underscore the importance of setting a realistic price from the outset, particularly for those who...
Will your tenants be affected this winter?
The recent developments in the UK regarding energy costs and winter fuel allowances are significant for both consumers and landlords. The government has decided to end universal winter fuel payments for pensioners, a measure that has historically provided financial...
Leasehold and Freehold Reform Act Q&As
Leasehold and Freehold Reform Act Q&As By Mark Chick Director of ALEP (Association of Leasehold Enfranchisement Practitioners) What is in the Leasehold and Freehold Reform Act 2024? Essentially, all of the much talked about changes are there including the...
New HMO mortgage announced
Fleet Mortgages has made significant updates to its mortgage offerings specifically designed for houses of multiple occupation (HMOs), effective from August 23, 2024. These changes aim to provide more flexibility and competitive options for landlords who are either...
Chancellor criticised for rent rises
The reported plan by Chancellor Rachel Reeves to allow social rents to rise annually by the Consumer Price Index (CPI) measure of inflation plus 1% for the next decade has sparked significant concern and debate. While the move is intended to accelerate the building of...
Last chance to participate in Reading licensing consultation.
The consultation by Reading Council on HMO and Selective Licensing. The last date to participate is this Thursday (29/8/24) - more details can be seen here. Landlords would be required to pay a standard fee of £950 for the HMO licence. This However, a higher fee...
Labour to crack down on short-term holiday lets
Labour is pushing forward with plans to implement stricter regulations on short-term holiday lets, following a trend already seen in other parts of the UK. The proposed measures include giving local councils in England the power to require planning permission for...
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Social rents to rise by more than inflation
Chancellor Rachel Reeves is to announce raising social housing rents by inflation plus 1% for five to ten years aims...
Affordable Homes Programme delayed
The UK government's next Affordable Homes Programme (AHP) is anticipated to be unveiled in spring 2025, following the...
EPC Targets – support, not punishment, will persuade landlords to improve
Louisa Sedgwick, Managing Director for Mortgages at Paragon Bank has written an article for LandlordToday, which can...