The Telegraph has run an article from the Secret Landlord on the the three things she is recommending you do asap. The article can be seen here (subscription may be necessary) and her 3 key Landlord Survival Tips for 2024 are: Review All Tenancies and Rents: Landlords...
News
Record number of buy-to-let companies established in 2023
Key Points: Record Number of Buy-to-Let Companies in 2023: Despite a decrease in landlord property purchases, the UK witnessed a record 50,004 new buy-to-let companies established in 2023, surpassing the 2022 figure of 48,520. Shift Towards Limited Company Structures:...
Potential Prosecution under Landlord and Tenant Act 1987
Key Points: Prosecution under Landlord and Tenant Act 1987: Historically, there had never been an attempted prosecution under the Landlord and Tenant Act 1987. However, a recent attempted prosecution emphasizes potential criminal liability for landlords. Right of...
Late Rent Payments Impacting Landlords in the UK
Property investors are increasingly struggling with tenants who are late or not paying the rent, research from mortgage lender Molo has found. Late Rent Impact: Property investors in the UK are facing challenges with tenants who are late or not paying the rent....
Boundary Review Impact in East and West Sussex
Key Points: Boundary Review Impact in East and West Sussex: The Boundary Review has redrawn the political map in East and West Sussex to even out the number of people each MP represents. The changes will come into force for the next general election, likely to be...
Surrey Constituency Changes
Boundary Commission for England Changes: The Boundary Commission for England has rebalanced the number of people each MP represents, leading to changes in parliamentary constituencies. Some Surrey residents may vote in entirely new constituencies compared to the 2019...
Electrical Inspection Reports
We have been reminded that the rules regarding EICRs on rental property are not that straight forward. Whilst electricians state they are able to carry out an EICR, they must be registered with the web site https://electricalcompetentperson.co.uk/ A useful fact sheet...
New LHA rates for 2024 – 2025 announced
DWP has announced 'Indicative' rates for Local Housing Allowance rates for 2024 to 2025. It can be seen here. Note that it is not the confirmed rates, but is highly likely to be so. We are advised the confirmed rates will be published later. A useful guide to LHA...
Energy Efficiency of homes should set social rent levels
The Housing Forum, a group comprising developers and suppliers to the housing industry, has proposed a series of reforms in its manifesto to address housing issues. The manifesto, released to draw attention to housing as a major topic for the upcoming General...
Council’s 60 per cent rise in fees on landlords
Bath & North East Somerset council has implemented significant increases in charges for landlords who fail to meet required standards for their private rented homes. The fee for serving a formal Improvement Notice, aimed at addressing health and safety hazards in...
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