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How will the PM confidence vote affect landlords?
Whether the Prime Minister choses to resign or not after last nights ‘no confidence’ vote, it will leave him damaged. Theresa May didn't survive a better percentage 'win', will Boris Jihnson? History has shown that Tory leaders who were subject to...
1 in 10 landlords ‘plans to sell after end of next tenancy’
One in ten landlords is planning to sell their property rather than re-let at the end of their next tenancy, the English Private Landlord Survey (EPLS) has shown. The EPLS is a national survey of landlords and letting agents who own and/or manage...
Propertymark reports rental supply halved
Propertymark’s regular survey of its 443 member agencies found the supply of properties to rent had collapsed by almost half from 30.4 in 2019 to 15.6 available per branch in 2022. Propertymark also found that 94% of rental properties removed...
‘I can’t afford a home in London – so I’m becoming a buy-to-let landlord instead’
The Telegraph have run a piece on a someone who can’t afford to buy a house, but can afford a Buy To Let. It can be seen here (registration might be required), and she says “In London, unless you get a lot of help or you’re super rich, or you’re...
Many landlords are happy with their agent, but think the charges are too much
The majority of landlords are happy with the service provided by their letting agent (56%), 42% believe their agent charges too much and 16% have had additional charges made without any forewarning, according to the latest industry insight from...
Housing Market: Key Economic Indicators
The House of Parliament Library has just released its regular report on Key Economic Indicators in the Housing Market It can be seen here, and says: House prices, as measured by the UK House Price Index, increased by 9.8% between March 2021 and...
Leasehold reform in England and Wales: What’s happening and when?
The House of Commons Library has just published a report on Leasehold reform in England and Wales: What’s happening and when? It can be seen here, and states Future legislation will: Reform the process of enfranchisement valuation used to calculate...
Sales Market News
Real estate platform Zoopla recently revealed that average UK house prices hit a record high of £250,200 over the 12 months ended 30 April, but the property market appeared to be showing signs of slowing down as potential buyers face pressure on...
How a recession will hit house prices and buy-to-let landlords
The Telegraph have run a piece on property investors who have chased high yields are most at risk as the cost of living crisis bites It can be seen here (registration might be required), It says that Soaring inflation is hitting real take-home...
Large-portfolio landlords most likely to raise rents
Landlords with larger portfolios are more likely to increase rent than small-scale landlords.A poll by The Landlord Works shows that 75 per cent of those who own more than 10 properties aim to increase their rents over the next 12 months. This...
Obtaining Possession of a Property After the Death of a Tenant
Our friends at Woodstock Legal Services have put out a useful piece on 'Obtaining Possession of a Property After the Death of a Tenant' It can be seen here.
New Private Landlord Survey published by the Government
A new report has been published and can be seen here. In summary: There are approximately 3.9 million live deposits registered with one of the three government-backed Tenancy Deposit Protection (TDP) schemes that operate in England. These...
EPC changes: Greater clarity is needed to prevent housing inequality
What Mortgage are running an opinion piece calling for greater clarity concerning the probable changes to the Minimum Energy Efficiency Standard. This follows our letter to the Business Secretary calling for the same – see here. Note that the...
Residential repairing obligations – Is the property fit for human habitation?
A recent report looks at the obligations of landlords to maintain, and repair their rental properties. It can be seen here, and shows why landlords need the Decent Homes Standard as outlined in the Queens Speech, as the current legislation is vague...
Politicians shouldn’t be trying to hurt landlords even more
Best Advice have run a piece by the chief commercial officer at Fleet Mortgages, Steve Cox, commenting on the harm being done to landlords by politicians. It can be seen here, and starts: There seems to be a lot of noise around the...
More tenants looking for a bungalow
Bungalows are expected to become a more popular choice of home for renters in the next 10 years, research by Paragon Bank has revealed. As many as one in 10 rented homes could be a bungalow in the next decade as landlords expect to see a rise in...
‘I’m paying people to buy 40 of my houses because the Government hates landlords’
The Telegraph is running a piece on a Nottingham landlord who is making his tenants an unconventional offer – he will gift them a deposit so they can buy their homes from him. If they cannot get a mortgage, he is also prepared to cut the sale price...
Camden relaunches landlord appeal that supported over 20 homeless residents into accommodation
Camden Council are appealing for landlords to help them house some of the homeless in the Borough – see here. We have written to the Councillor involved, pointing out that we have many members who have been willing to help in the past. But with...
DWP guidance on deductions from benefits
The Department for Work and Pensions (DWP) has published guidance that explains how creditors, including landlords, can request deductions from benefits to help people manage debt. The guidance is aimed at all creditors, such as landlords, local...
You can’t force people to be landlords. So, where will low-income families live if they sell up?
Tessa Shepperton has just published a new blog on the potential unintended consequences if the Section 21 be removed. It can be seen here, and follows from our paper published, and sent to all MP's before Christmas - see here for a summary, and our...
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LATEST NEWS
Council Tax in HMOs
The Government introduced new legislation in November 2023, to commence December 1st 2023. This was regarding changes...
People with disabilities and mental health conditions could face benefit sanctions
Government Plans for Universal Credit: The Department for Work and Pensions (DWP) plans to tighten the universal...
Revealed: The best locations to invest in student accommodation in 2024
Study reveals the best cities in England and Wales to invest in student properties Derby is one of the best places in...
Why things are looking up for landlords in 2024
The Times has run an article by Melissa York which claims '2024 could be the year buy-to-lets are back. ' The article...
Buckle up for another challenging year
Writing in Property Industry Eye, Paul Smith, executive chairman of Spicerhaart comments on the forthcoming year. The...
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