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Shawbrook introduces new buy-to-let portfolio product
Shawbrook Bank has unveiled a new mid-range product to its buy-to-let proposition, aimed at supporting portfolio landlords owning ‘simple’ property types. Customers who meet the criteria will have access to a reduced five-year fixed rate of 4.09%...
London landlords see turn-round
After two years in the doldrums and high levels of over supply, prime central London is at last a landlord’s rental market according to a leading agency.“With demand outstripping supply, landlords are currently in a strong position and those who...
Is Airbnb moving into traditional landlords’ business?
Airbnb has amended its rules to allow users to search for stays up to 12 months (from six) and the platform is overtly linking this with announcements by many high profile companies - including Procter & Gamble, Ford Motor Company, PwC, and...
MPs criticised for exploiting rent expenses loophole
The Property Industry Eye are running a piece on the perceived double standards of MP's for letting out their London properties, whilst renting another property using tax payers money. It can be seen here, and says: Some senior Tories have accused...
Councils accused of not taking action against criminal landlords
Two thirds of councils in England have failed to prosecute any criminal landlords in the last three years, according to new research. A freedom of information request by the National Residential Landlords Association (NRLA) found 67% of councils...
Brighton and Hove landlords face naming and shaming on public database
Rogue landlords should have their details included on a database on Brighton and Hove City Council’s website, according to a Labour councillor. Gill Williams, who used to chair the council’s Housing Committee, also wants “a zero tolerance approach...
Social Housing provider put under investigation by the regulator
The Regulator of Social Housing (RSH) has placed Essex-based Swan Housing on its gradings under review list. The RSH said in a statement this morning that it was now investigating the 12,000-home landlord on an issue that could affect its...
Landlord possessions increase by 207%
Homelessness charity Crisis has criticised the UK Government for failing to provide effective support for renters following the end of a coronavirus-linked eviction ban in England after new figures revealed that the number of landlord possessions...
Be aware when booking a court for a Section 8 using the online form.
We had a member fill in the S8 online today, and they have been given a date for December 24th at 7:00 am! On querying with a solicitor, we were advised: The Court is not open at 7.00amm, and I am not sure it is open on Christmas Eve either. We...
Pilot mediation service launches in Portsmouth
Portsmouth City Council have made the following announcement: An innovative pilot aiming to reduce evictions by providing free mediation between private landlords and tenants in Portsmouth will run to the end of December 2021. The pilot scheme, run...
New bank launches for landlords
A new bank called Monument is aiming at property investors and established buy to let landlords seeking to grow their portfolios. Its launch statement says it will focus on some 4.8m potential customers described as “mass affluent” - property...
Are you considering the MEES changes?
New Shawbrook Bank research has found that 17% of landlords had made efforts to improve the energy efficiency of their property, rising to 22% of portfolio landlords (landlords with four or more buy-to-let properties). New rules are due to come...
How to trace a missing tenant who owes you money
Financial News has run a very useful article on tracing tenants. It can be seen here.
Landlord hit with large fine, and even larger Rent Repayment Order
A landlord has been fined £24,750 and told to repay his tenants almost £47,000 in rent. In December 2018, Preston council responded to a tenant's complaint about the living conditions at a student HMO in the town. As a result of an inspection, the...
Landlords need to improve their reputation
PayProp have hosted a major industry roundtable discussion which receives its live launch next week, on Tuesday November 9 at 12:30pm. An edited version of the roundtable – which brought together some of the industry’s biggest names and was...
Property sold without owners permission.
You may be aware of the man who came back to his house to find it had been sold, without his knowledge - https://www.bbc.co.uk/news/uk-england-essex-59069662 If you want to ensure it doesn't happen to you, one of our members has just obtained this...
Prevent Council Tax bills being charged for individual bedroom lets
Many Local Authorities are getting individual rooms re-banded as Band A for Council Tax. Whilst this appears advantageous to landlords, as it moves the responsibility for the Council Tax from the landlord to the tenant, it actually can cause the...
Stamp Duty nearly raised by 1%
The Negotiator magazine are reporting that the Treasury came very close to raising the Stamp Duty surcharge from 3% to 4%, but this was rejected at the last meoment. The article can be seen here, and says: A 1% rise in Stamp Duty for landlords was...
Housing waiting list published
The Local Government Association has recently published a report on its findings on the households on waiting lists. This shows that one in ten households in need of housing are stuck on council waiting lists for over five years. This is due to a...
Claim that Licensing landlords drives up standards in England
Generation Rent have reported that analysis of Government data revealed that councils which require landlords to be licensed take more than twice as much enforcement action as those that do not. Thirty-two councils with selective licensing schemes...
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LATEST NEWS
New Bank of England warning
The Bank of England has warned that household finances in the UK remain stretched, and the full impact of higher...
Letting Agent fined £17k
iHomes Letting Limited, a letting agency in Telford, has been fined nearly £17,000 for breaching seven offences...
Migration blamed for rental crisis
Richard Donnell, the executive director of Zoopla, has stated that the UK is facing a rent crisis due to record net...
Sussex council propose increase of tax on empty homes
Lewes District Council's cabinet in East Sussex has approved plans to increase council tax premiums for empty...
House of Commons publishes report on Leasehold Reform
The full report can be seen here, and in summary says: The Leasehold and Freehold Reform Bill 2023-24, introduced to...
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