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Dear Polly Neate of Shelter – I agree with you!
Property118 has published an open letter from a landlord to the CEO of Shelter agreeing with their call for more social housing. It can be seen here, and says: Dear Polly Neate, It’s not possible to contact you directly as you, (Shelter), don’t...
Bank of England says landlords leaving sector leads to higher rents
The Bank of England has blamed higher rents on more landlords than usual quitting the private rental market within its detailed quarterly report on the economy. Its Agents’ Summary of Business Conditions report, which covers the period between July...
Survey shows many landlords were ready for the potential EPC rules
The Prime Minister scrapped the legislation that would have required landlords to ensure their rental properties had a minimum EPC rating of C. The mooted deadline was 2025 for new tenancies, and by 2028 for all tenancies. Now, a study by Shawbrook...
More landlords buying properties via companies in order to pay less tax
This is Money has run an article on the rise in landlords incorporating. It can be seen here, and says: Landlords are increasingly buying property via limited companies, rather than in their own personal name, in order to slash their tax...
Government U turn on landlord energy requirements
After substantial lobbying, including from iHowz (see here), the Government has substantially changed their energy plans. Under revised plans, the Government will: Scrap policies to force landlords to upgrade the energy efficiency of their...
Council forms partnership to combat ‘Rogue landlords’
City of York Council looks set to join forces with non-profit organisation Justice for Tenants to allow renters in the private sector to apply for a rent repayment order, which forces a landlord to pay a refund of up to 12 months’ rent....
We support leasehold reform but not abolishing it and leaseholders are served by ground rents, says the Residential Freehold Association
The Leasehold Charity is reporting on a meeting of the APPG (All-Party Parliamentary Group) recently. It can be seen here, and says: Most of the problems in leasehold involve service charges and are “tenure agnostic”, the Residential Freeholders’...
Make sure you don’t forget to apply for a licence
An agent in Enfield has been fined over £10,000 for not licensing in a Selective Licence area. Gracechurch Property Services was ordered to pay a £7,500 fine and £1,299 in costs with an additional £2,000 victim surcharge – a total of £10,799 –...
New landlord licensing proposed
Wandsworth Council in London is seeking to introduce additional licensing for HMO's of 3, or 4 occupants, as well as new selective licensing scheme. The proposed selective scheme covers an estimated 8,600 properties in Tooting Bec, Tooting Broadway...
Why are property prices falling in the UK and rising in the US?
Under the heading 'Need to Know: A tale of two housing markets' the Financial Times has examined why property prices are falling in the UK and rising in the US. The article can be read here (subscription may be necessary) and believes 'Part of the...
Do HMOs Still Stack Up As An Investment?
Writing in Landlord Today, Richard O’Neill, Regional Lettings Director, Romans Estate Agents has examined the case for HMO's, concluding 'As with any buy-to-let, investing in HMOs is a marathon, not a sprint, so view it as a long-term investment...
Call for councils to buy landlords’ properties
The National Association of Property Buyers has backed Newham Council, which has allocated an initial £20m to a preventative scheme, which aims to allow renters to stay in their homes rather than becoming a further drain on services. Newham expects...
Rightmove + Hamptons Market Updates
Rightmove said UK asking prices rose by 0.4% in September after falling by 1.9% in August. However, the rise is below the 10-year average of 0.6%, home sales are down 7% versus 2019 pre-Covid, and asking price reductions reached a 12-year high....
Properties with low EPC becoming hard to sell to other landlords
Research carried out for Foundation Home Loans has shown that 71% of the nearly 1,000 landlords it quizzed said they were unlikely to buy a property which has an EPC rating of less than C, with portfolio landlords more likely to be wary of these...
Selective Licensing has started in Brent
Since August 1st, a new law mandating landlords to acquire a selective licence has come into effect in three Brent wards. Landlords renting out properties in Dollis Hill, Harlesden & Kensal Green, and Willesden Green are now legally obliged to...
New How to Rent guide coming soon
The Department of Levelling Up, Housing and Communities has announced that a new How To Rent guide will be issued in early October. Private landlords MUST serve the latest version of the guide at the start of any new tenancy and on renewal if there...
Former Housing Minister claims ‘rental market broken’
Following a very small poll of landlords - polling firm for real estate investment company Castleforge spoke with 4,162 adults but only 719 identified themselves as private tenants, Sir Bob Neill - a former minister at the Department for...
Selective licensing schemes are an unnecessary expense and should only be used as a last resort
Property118 has published a special report saying that 'Up and down the country landlords are caught in the trap of having to pay for a selective licence. These licenses aren’t cheap and for the money landlords spend, councils don’t appear to be...
Renters Reform Bill driving landlords out
A new report on the state of the lettings industry suggests figures are growing fearful of the impact of the Renters Reform Bill. Some 43 per cent of agents feel either somewhat or very pessimistic about the Bill. However 29 per cent are feeling...
Trend of fewer properties and more tenants to continue – report says
Goodlord and Vouch have today released the sixth annual State of the Lettings Industry report, which brings together the views of more than 2,000 letting agents, landlords and tenants from across England, Wales, and Scotland, who were surveyed on...
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LATEST NEWS
New rules on council tax exemption
The government has responded to the consultation on proposals to exempt certain categories of dwellings from council...
Government report on calculating housing need in the planning system
The government has set a national housing target of delivering 300,000 new homes in England per year by the mid-2020s....
Latest Zoopla report released
According to the latest Rental Market Report from Zoopla, rent inflation has slowed to 7.8%, down from 11% a...
Green Party candidate pushing for rent controls
A Green Party politician and potential MP candidate for Brighton, Siân Berry, is advocating for the introduction of...
Rents are staring to go down
According to the latest data from an agency, there has been a 125% increase in the number of landlords opting to lower...
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