Crisis has seized on figures issued by the Department for Levelling Up, Housing and Communities which shows that 24,260 households were served a Section 21 notice over the last year, a 22 per cent increase on the previous year. They say that the DLUHC figures show...
News
Large landlord announces merger talks with London-based association
Origin Housing and Places for People are pleased to announce that they have entered merger discussions. Origin owns and manages over 7,000 homes across London and Hertfordshire. The intention is that, subject to all relevant approvals, Origin will become a subsidiary...
Empty Houses – new report
The House of Commons has published a report on the impact of empty homes on communities. The summary can be seen here, with a link to the full report. It states that In October 2022, there were 676,304 recorded empty homes in England. This is a 3.6% increase on the...
Will rising mortgage rates cause a landlord sell off?
According to Hamptons, mortgage interest amount is 40% higher than it was a year ago – and 58% higher than November 2021. The research also reveals that the number of BTL mortgages has been declining since November 2022, as landlords have either reduced their debt or...
All HMOs must have a fire risk assessment
There will be changes to fire safety regulations, commencing October 23rd 2023. Whilst it has always been necessary for HMO landlords to conduct a fire risk assessment, it only needed to be in writing if the responsible person employed five or more persons. The...
Agent fined £119 over ‘abhorrent and vile’ tenant harassment
A director of Letting Agency SB Lets appeared at Lewes Crown Court for a sentencing hearing on Monday 9 October. Shadi Baja, the sole director represented his company, which had earlier pleaded guilty to three charges under the act. The fines were reduced to £20,000...
Should you still buy a low EPC rated home?
Mortgage Introducer are running an article looking at whether landlords should still be buying low energy rated property. The article can be seen here, stating 'it is clear that those private rented sector properties which are above ‘C’ are going to be more in demand...
The cost of a waking watch on leasehold properties not recoverable
The Upper Tribunal considered whether the cost of a waking watch should be payable by leaseholders, where they were incurred as a result of the landlord's failure to carry out necessary fire risk assessments. (Radcliffe Investment Properties Ltd v Meeson [2023] UKUT...
Many landlords are absorbing extra mortgage costs
UK landlords are facing mortgage costs rising quicker than rent increases in the past year – but they aren’t passing all the rise on to tenants, a new study reveals. Octane Capital has compared how rents have increased over the past year versus the average cost of buy...
Many landlords paying 3 times their previous mortgages
Landlords are paying an extra £5.5bn a year to their banks following a surge in mortgage rates, data shows. Buy-to-let investors are now collectively paying £15bn a year in mortgage interest, a 58pc jump since November 2021 when the Bank of England began raising...
YOU MAY ALSO LIKE
Shelter Calls for Urgent Action to Address Housing Crisis
Shelter Urges Political Parties to Commit to Building More Affordable Social Homes A recent report from Shelter...
Labour’s Commitment to Immediate Reforms in the Housing Sector
Angela Rayner Promises Immediate End to Section 21 Evictions and Major Increase in Social Housing Construction Angela...
Urgent Fiscal Reform and Policy Adjustments Needed for the Private Rented Sector (PRS)
As the UK approaches a pivotal general election, Allison Thompson, National Lettings Managing Director of Leaders...