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Coventry Building Society Confirms Landlords are Selling Up

This morning (Friday, 1 July 2022) on BBC’s Today program (06:16), Steve Hughs, Chief Executive of the Coventry Building Society, confirmed that their buy to let business are seeing a net exodus of landlords, as they sell up, quoting changes in tax and legislation as motivation. Although he did not provide supporting numbers, he implied […]

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House Prices

UK house prices set another record high in June, according to figures from mortgage lender Nationwide on Thursday (30/6/22), although growth slowed amid tentative signs of a slowdown in the housing market. On an annual basis, the Nationwide house price index rose by 10.7% in June, slowing from the 11.2% climb in May. The print […]

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Would you let to a student?

A study by the Tenancy Deposit Service has identified the main causes of disputes between student tenants and landlords and agents.The poll highlighted that a large percentage of landlords and agents have had to raise a deposit deduction, with 88 per cent confirming they’ve raised a deduction at end of tenancy. For those who had […]

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Farnborough landlord fined nearly £5,000 after ‘ignoring fundamental safety issues’ in home with nine tenants

A landlord was slapped with a fine of £4,600 after they ignored ‘fundamental safety issues’ within their house. At the time of the fine, nine people were living in the property. An Emergency Prohibition Order (EPO) was served to Janna Fuller, of Cross Street in Farnborough, after a house she owned was found to be […]

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Record number of landlords raising their rents

The Telegraph have run an article on the number of rent rises. It can be seen here (subscription might be required) stating ‘Record number of landlords have raised their rents this year with more than half of investors cashing in on fever-pitch demand from tenants. The share of landlords who raised rents at the end […]

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‘My buy-to-let profits are disappearing before my eyes’

The Telegraph have run an article on landlords suffering with the mortgage rate rises. It can be seen here (subscription might be required), stating that ‘Landlords stuck on variable rate mortgages are seeing their profits vanish as lenders increase their bills as much as five times in six months. Rising interest rates mean buy-to-let investors […]

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Can a landlord earn more from furnished property?

Landlords in London can make more than £9,000 per calendar month if they furnish their property, a recent study by CIA Landlord Insurance revealed. On average, landlords with rentals in London receive £2,189 a month in rent. However, if they furnish their property, they could expect to maximise their profits by 316% and rake in […]

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Government declares war on holiday homes

The Telegraph have run an article on the potential ban on holiday lets. It can be seen here (subscription might be required) stating ‘Second home owners could be banned from renting out their properties on websites such as Airbnb, in new plans being drawn up by the Housing Secretary Michael Gove, The Telegraph understands.  The […]

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Large fine for unlicensed Rother landlord

Another landlord has been hit with a substantial fine for failing to licence an HMO.Ryan Antony Otto, a director of Otto Investments Ltd based in London, was fined by Hastings magistrates for failing to licence a house in multiple occupation and failing to comply with two Improvement Notices issued by Rother district council. Otto converted […]

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House Prices

UK house prices set another record high in June, according to figures from mortgage lender Nationwide on Thursday...

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This morning Michael Gove, described Housing Policy as a Mosaic he announced several proposals already been announced in last 5 years.
iHowz join Gavin Smart CIH questioning whether offering buyers up to £70k to buy homes offers a solution to the current lack of affordable homes

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