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Legislation is the greatest challenge facing the letting sector
A recent survey of more than 14,000 respondents in the private rented sector, including letting agents, landlords and tenants, has found that current legislation is the greatest challenge facing the sector. Some 76% of respondents feel legislation...
New Fire regulations proposed for HMO’s
Landlords and managing agents of HMOs could face unlimited fines following new measures being brought in to strengthen fire safety, the Home Office has announced. Exact details are awaited but the new measures, announced as part of the government’s...
Best places for yield in London identified by letting agent
London-focussed lettings agency Portico has drawn up highly localised hotspots within the capital for landlords seeking the best yields. According to the agency, East London offers the best rental yields in the capital. Barking has one of the...
Nightmare tenants turn flat into rubbish tip and cause tens of thousands of pounds worth of damage as landlord couple say they can’t evict them because of the pandemic
A couple plagued by nightmare tenants who turned their flat into a rubbish tip have been told they can't evict them 'because of the pandemic'. Zoey and John Wingfield have spent tens of thousands of pounds trying to repair damage to their Grimsby...
Majority of landlords waiting for lockdown measures to ease before investing
Over half (59.8%) of landlords are waiting for lockdown measures to ease before investing in properties, according to the National Landlord Index by Accommodation.co.uk. The research highlights that UK landlords still see the rental market as a...
Proposed capital gains tax changes
Property Industry Eye have just published a piece on the potential impact of CGT on the industry. It can be seen here, and explains how it is likely CGT will double very soon, with all the subsequent consequences with landlords hit with a £24,000...
Domestic private rental sector minimum energy efficiency standards: interim evaluation 2020
The Government have just released an interim report on the standards of energy efficiency in the PRS. It can be seen here, and the announcement says:- This interim evaluation of the domestic private rental sector (PRS) minimum energy efficiency...
Why are some landlords selling up?
Zoopla have examined the trend in an increase in property sales, and a decrease in rental, especially in London. The whole article can be read here.
Landlords and tenants do have a good relationship – claim
A survey claims that 75% of tenants describe relationships with the landlords as ‘good’ or ‘very good’, while 89% of landlords believe they have a good rapport with their renters as well. In a study commissioned by online platform Mashroom, 59% of...
House prices forecast to rise
Another leading research team in a major agency has revised upwards its forecast for the 2021 market. Savills revised its predictions recently and now it’s the turn of Knight Frank. Referring to the mainstream market, Knight Frank research head Tom...
Rents up over 20% a year in West Midlands
An upbeat market snapshot for the lettings sector claims that one region of the UK has seen rent increases in excess of 20 per cent a year. The Home website’s latest index shows year-on-year average rent growth reaching 20.5 per cent in the West...
Council seeks approval for large licensing scheme
A council has now approved plans for two of the country’s largest licensing schemes - one is so large it needs government approval before it can be implemented. Oxford’s Labour council has agreed to renew an additional licensing scheme for all HMOs...
More tenants keep renting due to higher house prices
Research by Hamptons suggests that the increased house prices caused by the stamp duty holiday sales surge has indirectly obliged more tenants to stay renting - because they cannot afford larger deposits. That’s the analysis by Hamptons in the...
Coronavirus: Support for landlords and tenants
The House of Commons Library has just released a report summarising the help available for landlords and tenants, and can be seen here. It concentrates mostly on establishing security of tenure for tenants, without mentioning the increasing problem...
Landlords left out of Chancellor’s super deduction tax break
Heather Powell, a partner at the firm Blick Rothenberg has published an article crtiticising the tax breaks announced by the Chancellor. It can be seen here, and is reproduced below:- Heather Powell, a partner at the firm and head of property and...
Student landlords treated better than student tenants – claim
Landlords have benefitted from tax breaks, subsidies and a weak eviction ban according to the National Union of Students. Larissa Kennedy, the organisation’s president, has written to Housing Secretary Robert Jenrick to claim landlords have been...
Rogue tenant fined £9,000 for illegally sub-letting HMO
A lead tenant who posed as a landlord has been ordered to pay £9,047.50 in fines and costs and handed a criminal record for breaching housing laws. Brent Council in London originally issued Sonia Nascimento with a £5,000 Civil Penalty Notice but...
Company Voluntary Arrangements: Guidance for Landlords
Mischcon de Reya have just published an article on 'Company Voluntary Arrangements: Guidance for Landlords' It can be seen here, and is also below:- What is a CVA? A CVA is a legal rescue process to enable a company to make an agreement with...
Ban on commercial evictions extended to 30 June and bailiff enforced eviction ban extended to 31 May
The Government have just announced a further extension to the eviction ban. The announcement can be seen here and claims:- Ban on commercial evictions extended to 30 June to ensure businesses are supported as they re-open Six-month notice periods...
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LATEST NEWS
Rightmove competitor OnTheMarket to get new owner
Online real estate company, CoStar, which is listed on the US Nasdaq, has made an agreed bid for the UK online agent,...
Crunch time for student buy-to-lets
The Financial Times has published an article on the threat of new legislation comes at a time of high interest rates...
Government to review rules governing Pooled Client Accounts
In a debate on Business Banking: Undesignated Client Accounts, the Government has resulted in assurances from HM...
House prices will return to growth – Hamptons report
A recent report by Hamptons International says House prices to readjust over the next two years with return to growth...
Harlow Council is set to enforce stricter penalties on rogue private landlords
Essex TV have reported that Harlow Cabinet agreed to carry out 4-week public consultation on a new Private Rented...
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