Tax & Other Financial

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Residential landlord Grainger sees profits surge 120%

This is Money are reporting that earnings at Grainger have more than doubled thanks to a large rise in rental income and soaring growth in the valuation of its investment properties, when profits climbed to £75.6million in the six months to the end of March from £34.3million in the same period the previous year. See […]

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Benefit freeze sees more than 40pc of London tenants on universal credit struggle with rent

As some east London tenants face a £200 monthly rent shortfall, landlords have called on the government to raise benefits to help people afford the rising cost of living. Data released by the Department for Work and Pensions (DWP) at the end of last year has been analysed by the National Residential Landlords Association (NRLA), which found […]

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Number of landlords seeking to recover rental debt rises by 180%

Landlord Action, one of the UK’s best known eviction and housing law specialists, has seen a sharp rise in landlords requesting to use their debt recovery service. Instructions for the last year, April 2021 to March 2022, were up 180 per cent compared to the pre-pandemic year, April 2019 to March 2020. The circumstances of […]

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Agents – are you compliant with the new transparency rule?

The National Trading Standards announced steps introducing new material disclosure rules, on what agents and landlords should include in property listings. This is being introduced in three stages, with stage 1 going live at the end of May 2022. Stage 1 – The basics stipulated on property portal listings for rented and for-sale properties will […]

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Referencing

As the cost of living crisis deepens, we urge our members to take a close look at tenant’s bank accounts to see if they are making use of buy now pay later credit. According to the Guardian, the buy now, pay later company Klarna will start reporting UK customer debts to credit agencies for the […]

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Many landlords still excluded from new Building Safety Law

The Building Safety Bill has become law – and while it does offer help to leaseholder landlords with one or two investment properties, those with larger portfolios remain excluded.Under the new legislation, owners of up to three properties in the UK will qualify for the protections. This includes all properties and not just those requiring […]

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Are landlords being tempted back into the market?

Despite headlines over the last few years being largely dominated by record house prices, in some cases, the rental market has outpaced the sales market, a fact not missed by would-be landlords, according to Knight Frank.According to the latest market analysis from Knight Frank, the number of buy-to-let mortgages issued last year reached its highest […]

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Surprise – some tenants use eviction delays to avoid paying rent

Eviction specialist Landlord Action says it’s seen a sharp rise in landlords seeking to use its debt recovery service against tenants who could afford their rent but chose not to pay.Instructions from April 2021 to March 2022 were up 180 per cent compared to the pre-pandemic year of April 2019 to March 2020. The service […]

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My dishonest tenant failed to pay £14,950 rent but had £250,000 in the bank

The number of landlords seeking unpaid rent has nearly tripled since the pandemic began, as even wealthy tenants have begun defaulting on payments. Instructions for rental debt recovery services are up 180% in the last year, compared to the previous 12 months, according to Landlord Action, an eviction company. Paul Shamplina of the recovery service […]

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The results of the Energy Efficiency Review are long overdue
Their Levelling Up agenda proposes removing the use of Section 21 possession notices

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