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Tower Hamlet cracks down on landlords
A recent post on Tower Hamlets website states that they have brought 57 successful prosecutions against rogue landlords and letting agents in the past three years fining them more than £360,000. It does at least end '“The majority of landlords...
Getting the correct tenant still most important
Hodge Bank questioned landlords who had a portfolio of under £5 million and found that getting the right tenant and a good property manager remain top priorities for buy to let property owners. The research, which asked around 100 portfolio...
Ealing Council demands lifetime tenancies for social housing tenants
Ealing Council has asked the borough’s social housing landlords to offer lifetime tenancies to their tenants. The request is one of several themes covered in the council’s new tenancy strategy, which sets out the broad objectives that Ealing’s...
Law Society National Property Law Conference
The recent Law Society National Property Law Conference concluded last week, discussing a series of matters affecting the industry. A full report can be seen in the recent Law Society Gazette, covering: the long-running search for a form of...
Industry warns the Chancellor
National letting agent trade body Propertymark has told the Chancellor that unless the private rented sector is overhauled a significant number of landlords will quit the sector. The organisation says within its submission to the Sunak’s Autumn...
Red tape hinders landlord investment
A survey by rental software firm Ark shows that although 77 per cent of landlords want to invest and grow their portfolio, their efforts are being hindered by compliance. Almost three in 10 say they won’t invest further because they believe rules...
20% of landlords fund refurbs with credit cards
Research that forms part of Shawbrook’s Changing Face of Buy to Let report has highlighted that 19% of landlords are funding refurbishments with credit cards or short-term finance products.According to the findings by Shawbrook Bank, 62% of...
Are pets really a problem?
A major supplier to the lettings sector says there’s no reason landlords should not allow pets into properties so long as there is a tightly-written contract,Inventory management firm No Letting Go says a well-considered pet clause should include...
A Section 8 is not a ‘Notice to Quit’
Tessa Shepperson, in one of her useful blogs, explains why a Section 8 & 21 should not be called a Notice to Quite - see here
Agent removed from Redress Scheme
The Property Redress Scheme has expelled a guaranteed rent operator after they failed to pay an eyewatering £150,000 in rent to a former landlord client. The agent was required to pay the landlord £25,000 by the Property Redress Scheme, the maximum...
Southampton takes top property hotspot
The UK's largest cities will still offer landlords and property investors the best return on investment beyond 2021, according to Select Property Group, whose latest research highlights their investment potential according to stats like rental...
Another fine for not licensing
A landlord has been fined over £7,000 for letting out an unsafe and unlicensed HMO.South Gloucestershire council’s private sector housing team issued the landlord a Civil Penalty Notice after a number of offences were identified at a three-storey...
Considerations for first-time HMO investors
Financial Reporter are running a piece by Castle Trust Bank giving some thoughts for the first time HMO landlord. It can be seen here, and says: At Castle Trust Bank, we are seeing a growing number of existing landlords who are choosing to...
Unlicensed HMO landlord fined over £7,000
A landlord has been fined over £7,000 for renting out an unsafe and unlicensed house in multiple occupation (HMO). South Gloucestershire Council’s Private Sector Housing Team issued the landlord a Civil Penalty Notice after a number of HMO offences...
Nationwide launches new platform for landlords
Nationwide has launched a new digital platform designed to allow landlords organise thier investments on a regular basis. The first-of-its-kind in the insurance industry, Nationwide's Partnership Platform enables partners and developers to...
Serious fire safety law breaches at London flat lead to £20k fine and prison sentence
The London Fire Brigade prosecuted a West London building owner after major breaches of fire safety law were discovered following a significant blaze on 9 August 2018. Three years ago, firefighters were called to a fire at a flat above a shop on...
Shelter praises some landlords
At a fringe meeting of the recent Conservative Party Conference, the Chief Executive of Shelter, Polly Neate, commented that she knew from first hand experience amongst her family that some landlords “bent over backwards” to help tenants during the...
Mortgage rates below 1%!
Buy-to-let landlords can now find mortgages with interest lower than 1 per cent, after two lenders slashed their rates. Those buying a home to live in have enjoyed super-low rates for some time, but this is the first time landlords have been able...
The anticipated standards for the Minimum Energy Efficiency Standards (MEES)
January 2023 - we have written to the APPG on Climate Change asking them to put pressure on the Government to publish the new EPC and MEES requirements for the PRS. They also sent a copy of their request to Chris Skidmore MP, following the...
Council guarantees up to 6 months rent
Lichfield Council, in Staffordshire is seriously concerned about finding accommodation and provide support for people who are sleeping rough or at risk of becoming homeless.They have joined forces with a local housing association and together they...
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LATEST NEWS
MPs discuss Housing in Tourist Destinations
Last week, MPs debated the impact of holiday homes and holiday lets on the provision of housing in popular tourist...
Tax and Landlords – the issue that won’t go away
Writing in Landlord Today, Richard Rowntree Managing Director of Mortgages at Paragon Bank, comments on the impact of...
Buy-to-let arrears cases double in a year – Octane Capital
Data shows a significant increase in cases of buy-to-let arrears over the past year, based on analysis from Octane...
House prices increase for the third month in a row
Nationwide data shows the state of the UK housing market in November, highlighting a third consecutive monthly...
HMRC to crackdown on millions who make cash with Airbnb, Etsy etc
HMRC (Her Majesty's Revenue and Customs) have started a major crackdown on tax avoiders, focusing on the self-employed...
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