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Buy-to-let investors are increasingly buying energy efficient homes, but with new EPC rating rules not set in stone, are landlords jumping the gun?
This is Money are running an article on landlords trying to guess what EPC rating rental properties will be. The article can be seen here, and says: So far in 2022 the share of homes bought by investors with an EPC of A-C is 50% This is up from 39%...
Khan calls for bigger fines to punish rogue landlords
The Mayor of London, Sadiq Khan, has called for bigger fines to be issued to rogue landlords as part of a move to protect the capital’s renters. The mayor has called on ministers to double to two years' worth of rent the amount that tenants can...
Leasehold Reform (Ground Rent) Act 2022
On 8 February 2022 the Leasehold Reform (Ground Rent) Bill received Royal Assent. The Act restricts ground rents on newly created long leases of houses and flats to an annual rent of one peppercorn (a token of no financial value). For the...
Removal of dangerous cladding
On 15 February 2022 the DLUHC said that it proposed to make amendments to the Building Safety Bill which would have the effect of blocking developers and manufacturers from the housing market if they did not help fix cladding safety issues. It said...
UK rental costs: Zoopla
On 9 February 2022 Zoopla reported that average UK rents are approaching £1,000 pcm – £62 per month more than at the start of the pandemic – as the increase in the cost of living squeezes households. Zoopla has found: Average annual UK rental...
Is rent affordable?
SpareRoom have just conducted an investigation into the amount of rent paid. The findings can be found here, and starts with the premise that rent should cost around 30% of monthly salary. Their article states: We hear the phrase 'affordable rent'...
Amendments to the Home Office code of practice for landlords
On 11 February 2022 the Home Office launched a consultation on proposed amendments to the Home Office code of practice for landlords on avoiding unlawful discrimination when conducting ‘right to rent’ checks in the private rented residential...
Landlords scramble to buy eco properties and avoid £10k upgrade costs
The Telegraph has published a series of articles recently on landlords. This one is about buying energy efficient homes. It can be seen here, and says: Landlords have scrambled to buy energy-efficient properties in a bid to get ahead of costly...
Households in temporary accommodation in England
The House of Commons library has provided a paper on Local Authorities use of temporary accommodation. The full paper can be seen here, and the summary here, and says: Why do authorities use temporary accommodation? Local housing authorities in...
Many tenants hide pets from landlords
It’s suggested that almost a third of pet-owning tenants have been hiding their animals from agents or landlords for more than three years.Research from Build To Rent operator Quintain Living, based a survey of over 1,000 private tenants across the...
Mortgage and landlord possession statistics: October to December 2021
The Government has published statistics on mortgage and landlord possessions It can be seen here, and says: 1. Main Points This publication provides mortgage and landlord possession statistics for October to December 2021. In general, we have...
Mortgage prisoners
The House of Commons Library has issued a paper on the problems of mortgage prisoners, and what can be done to assist. The full report can be seen here, and a summary here, which say Who are mortgage prisoners? “Mortgage prisoners” are people who...
Landlords need guidance to hit new EPC targets
At least a quarter of rental properties have an EPC rating of D or below fuelling concerns the market could face challenges when new energy rules come into effect. This is according to a survey by Shawbrook Bank which also found landlords would...
New Right to Rent Guide issued
The government has issued new Right To Rent guidance for landlords.It can be seen here, and makes only minor modifications to previous versions but the latest 80 page document advises a landlord, letting agent or homeowner how to conduct a right to...
Rising cost of living in the UK
The House of Commons Library has published a paper on the Rising Cost of Living. The full report can be seen here, and a summary here, which says: The cost of living has been rising since early 2021, but in December 2021 inflation reached its...
Yet another Housing Minister
A new housing minister has been named this afternoon, to replace Chris Pincher. Stuart Andrew has been confirmed by Downing Street as a new housing minister at the Department for Levelling Up, Housing and Communities..He’s been MP for the Pudsey...
Rentify in administration
Companies House are showing Rentify as being in administration, but their website is still operational. Be aware if you use them.
EPC requirements not straightforward for landlords
Nearly a quarter of landlords say their properties are currently rated D or below for energy efficiency, according to a new report, Confronting the EPC Challenge, from Shawbrook Bank. 23% of landlords surveyed said that their properties were rated...
Can you prevent a tenant from having a pet?
The House of Commons Library has published a paper on keeping pets. It can be seen here, and says: The tenancy agreement (contract) might say pets are not allowed. The Consumer Rights Act 2015 prohibits “unfair terms” in a contract. This means a...
Becoming a limited company landlord
Property Reporter have run an article to help you decide whether to invest in property through a Limited Company - it can be seen here Note that iHowz urge you to seek a variety of opinions before making a decision, as it is not straight forward.
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LATEST NEWS
New version of EPC being investigated
The UK government has initiated a public consultation on a proposed new home energy rating system called the Home...
Some cautious positivity in the market
The November 2023 RICS (Royal Institution of Chartered Surveyors) UK Residential Survey results indicate a more...
Government warned that the RRB will fail without financial assistance for councils
Members of Parliament (MPs) have raised concerns regarding the government's Renters (Reform) Bill. The key points...
Two agencies expelled from the Ombudsman scheme.
Monsoon Properties Ltd and Prinsegate Chartered Surveyors have both been expelled from The Property Ombudsman (TPO)...
Net Zero Plans: Still No Clear Guidance for UK Landlords
In the dynamic landscape of the UK property market, iHowz stands up for the landlord community. iHowz...
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