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Portfolio landlords in no rush to exit market
Best Advice magazine are reporting that 'Market activity is being driven by portfolio landlords, demand for holiday lets, as well as ongoing interest from overseas buyers, according to the latest data from Legal & General Ignite.' The article...
Government in a dither on energy requirements in rental property. Could landlord go to prison?
The Government is giving mixed messages on the requirements for landlords to meet energy requirements. In July, the Housing Secretary suggested there could be a delay in bringing in energy efficiency plans for the PRS. Citing financial pressures on...
Government issues new damp and mould warning for landlords
The Secretaries of State for Health and Social Care, and of State for Levelling Up, Housing and Communities (Steve Barclay MP and Michael Gove MP) have issued a joint statement on damp and mould. Entitled Understanding and addressing the health...
The government are on cloud nine when it comes to selective licensing
Mick Roberts has published an article in Property118 following his exchange of letters with the Housing Minister regarding the selective licensing scheme in Nottingham. The article can be seen here and is mainly a letter he has written to the...
Airbnb owners have less than a month to install fire doors
The Telegraph is reporting that holiday let owners will have to replace the doors in their holiday lets and put a smoke alarm in virtually every room of the house under a government health and safety crackdown. Rules changes coming into force on...
HMRC pursues overseas commercial landlords
HMRC is now writing en masse to overseas companies it has identified as appearing to own UK commercial property they do not appear to have disclosed any taxable rental income for. The letters begin: Disclosure for non-resident landlord liabilities...
Bristol City Council Unveils New Licensing Plans
Bristol City Council has taken a decisive step to tighten regulations on letting agents and landlords, unveiling new licensing schemes for rented properties within its jurisdiction. This is following a recent report entitled 'Bristol Living Rent...
More landlords switch to agents – claim
Jo Eccles, from Eccord property consultancy, says landlords who previously used agents are now seeking higher quality management even mid-tenancy. She believes this is in direct response to the increase in regulations and responsibilities which...
Licence fee increase for landlords renting houses in Oxford
Licence fees for private landlords renting out homes in Oxford more than doubled today as new city council rates came into force. A new rate of £1,100 for a five-year licence now applies unless a home is newly rented within 12 weeks of a complete...
Focussing on Build to Rent and sidelining landlords ‘wrong’ experts tell Govt
LandlordZone are reporting that the Government are being criticised for their focus on the build-to-rent (BTR) sector and its policies which seeks to side-line traditional landlords. The report can be seen here, and quotes Graham Cox, founder...
Landlords no longer willing to offer temporary accommodation.
Local Authorities have for years relied on the private rented sector to fulfill their statutory duty to house the homeless, many of whom they have a duty to rehouse if applicants are deemed to be in ‘priority need’. A councils have been buying...
Call for Landlords to ‘support local communities and provide for social tenants’
London-based Elliot Leigh, which has been working in property management in the South East for 20 years helping house social tenants via guaranteed rent schemes with landlords, agrees with London Councils that stock levels are at their lowest ever...
Student housing used to be affordable. Why has it become an ‘asset class’ to enrich the already wealthy? – Guardian says
The Guardian has published an article stating ‘University accommodation should be treated as a right. We need action to curb this exploitation of young people.’ It can be seen here and concentrates on Purpose-built student accommodation (PBSA)...
Why are more landlords selling their properties? We look at the four main reasons
This is Money has published an article looking why Landlords sold 300,000 more homes than they bought in the last seven years, stating that higher taxes and mortgage rates are the major reasons for the mass sell-off. The article can be seen here...
Housing and Planning
The House of Commons Library has just released 2 reports on the Planning System: Overview of the planning system (England) The use and development of all land and buildings in England are governed by the planning system. Most planning matters are...
Nationwide House Prices
Nationwide UK house prices fell by 5.3% year-on-year, the steepest fall since July 2009 and down from a drop of 3.8% in July. On a monthly basis, house prices fell by 0.8%, also accelerating from a decrease of 0.3% the previous month. The average...
Revealed: the most and least affordable areas to buy a home in the UK
Which magazine has published an article showing the best and worst places to buy a house. The full report can be seen here.
New online checker designed to advise tenants on how to deal with repair problems.
The Ministry of Justice has launched a new online checker designed to advise tenants on how to deal with repair problems. The ‘Check how to get repairs done in your rented home’ tool points tenants to “how to get something fixed by your landlord or...
Landlords are ‘selling homes while tenants in situ’
Thousands of landlords across Britain are selling their properties before tenancy agreements have concluded, causing uncertainty and potential eviction for tenants who remain in situ, a new study has suggested. House Buyer Bureau’s findings...
Is using a letting agent the right move for landlords?
According to a survey, 49% of landlords opt not to use an agent. Those who do use a letting agent are becoming more picky about which one they choose to work with, though, according to recent comments from Jo Eccles, founder and managing director...
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LATEST NEWS
FOI request reveals EXACTLY how Medway Council has spent their Housing Infrastructure Fund allocation
A FOI request reveals that Medway Council has spent a total of £40.3 million across 1,702 projects from the Housing...
Watchdog says that ground rents not legally or commercially necessary
The Competition and Markets Authority (CMA) says government may have to step in to protect leaseholders, as thousands...
Landlord MPs leave Gove’s rental reform bill ‘close to collapse’
The Telegraph is reporting the potential ramifications of the Renters Reform Bill, with insights from landlord MPs,...
Landlords get lower CGT but may have higher exit costs
Landlord Knowledge has published an article pointing that lower Capital Gains Tax might be offset by high exit fees....
Landlords capital gains tax bills jump £1,600
Mortgage Finance Gazette are reporting how the recent changes to capital gains tax and their impact on landlords,...
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