NEWS
getting paid made a lot easier for Landlords
We have some exciting news we’d like to share which we believe will make getting paid a lot easier for Landlords. We’ve partnered with BOPP to provide you with the following benefits: Monthly contract Take digital payment without a card terminal Get paid in seconds 30-day free trial No set up or cancellation fees No […]
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HMRC launches reform to Income Tax Self-Assessment registration
HMRC issues a consultation on Income Tax Self-Assessment (ITSA) for the self-employed and landlords to reform how and when the self-employed and landlords register and start to interact with HMRC The government is seeking evidence on Income Tax Self-Assessment (ITSA) registration to understand whether bringing forward the point at which the newly self-employed and landlords […]
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Liverpool Council Landlord Licensing Scheme approved by government
The government has approved a comprehensive Landlord Licensing Scheme by Liverpool City Council, which will cover around 80% of privately rented properties in the city. The scheme is based on poor property conditions, targeting 16 wards in the city where at least one in five homes is owned by a private landlord. Around 45,000 of […]
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Buy-to-let hotspots: The best cities for landlords to invest
What Mortgage have published an article on The ten cities offering the best prospects for landlords has been revealed by mortgage lender, Aldermore, and this year there has been a shake-up of the top three. The Buy to Let City Tracker provides landlords with an insight into the UK’s best investment hotspots by analysing five key […]
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Rented homes in Chichester and Arun to become more energy efficient with funding
Councils in Arun and Chichester have been given funding to improve energy efficiency standards in privately rented properties across the two districts. Since April last year, privately rented homes must meet a minimum energy performance rating of Energy Performance Certificate Band E, making it illegal to rent out homes below that standard unless landlords have […]
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London Assembly blames landlords and agents for ‘evictions crisis’
The London Assembly has published figures that claim the number of evictions in the capital by landlords and letting agents increased seven-fold from July to September when compared to the three months beforehand. The figures show evictions of tenants in the private rented sector increased from 172 between April to June to 1,302 between July […]
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Housing market: Key economic indicators
The House of Commons Library has published a briefing comprising data on house prices, mortgage approvals and house-building. For the briefing, click here.
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Purplebricks fail to protect some deposits
Purplebricks is refusing to say how many landlords were affected by its failure to comply with the law requiring tenants’ deposits to be placed in a government-backed tenancy deposit scheme. It is also refusing to say how long tenancy deposits were held by the agency before they were eventually placed in an approved scheme. The refusal […]
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Average tenancy lengths are on the rise
Rising average tenancy lengths make inventories and regular inspections much more important for letting agents and landlords, according to No Letting Go. The latest English Housing Survey (EHS), the largest and most representative dataset for the private rented sector, found that private renters had lived in their home for 4.3 years on average – still […]
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Landlord licensing scheme delayed until spring
Southend Council was set to rubber stamp a selective licensing scheme for landlords which will allow the council to set minimum standards for private rented properties. The scheme, approved earlier this year, was all set to launch on December 1 but was referred back to cabinet by Conservative group leader Tony Cox following a narrow vote […]
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Landlord fined for illegal eviction
A local council has prosecuted a rogue landlord for illegally evicting a young couple from their accommodation in Cheltenham.The landlord – Lidia Szopinska of Camden, London – let a room in a house she owned in Cheltenham to the couple for a period of nine months from May 2019. After the couple gave notice that […]
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Fines for landlords and agents on the increase
Council-imposed fines on letting agents and landlords that fall foul of licensing regulations have risen dramatically in the past month alone.Research by PropTech firm Kamma suggests that there have been £600,000 worth of fines imposed on landlords and agents in the capital in the past four months – including a £372,874 increase in just the […]
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Housing Ombudsman’s annual report
The Housing Ombudsman has published its annual report for 2020-21 showing that it maintained strong performance against all targets in 2020-21 despite the unprecedented year. Complaint volumes initially reduced and then far exceeded previous levels by the end of the year. The number of cases upheld increased to 49 per cent from 41 per cent […]
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Affordable housing supply 2020 to 2021 – England
The DLUHC have published statistics on gross additional affordable housing supply in England. They show that: There were 52,100 affordable homes delivered (completions) and 57,417 starts on site in England in 2020-21, decreases of 12 per cent and 16 per cent respectively when compared to the previous year. In 2020-21, affordable housing for rent (including […]
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Mortgage arrears and repossessions – England
The House of Commons Library have published a briefing paper outlining current and historic policies to assist homeowners who are struggling with their mortgage payments, and examining trends in mortgage arrears and repossessions. For the paper, click here.
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Housing litigation pre-action protocols
The Civil Justice Council has published an Interim Report for consultation on the subject of pre-action protocols (PAPs). The consultation will close on Friday, 24 December 2021. Those PAPs relating to Housing comprise the Disrepair/Housing Conditions PAP (with one version applying in England and another in Wales), the Possession Claims by Social Landlords PAP and […]
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House sales down
A growth in inquiries from UK house-hunters in October is yet to translate into a pick-up in sales, according to surveyors. Despite an overall net balance of 10% of property professionals reporting an increase in new buyer inquiries, estate agents only have 37 UK properties on their books on average, down from around 42 in […]
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Fitting of Carbon Monoxide alarms being extended
The Government have announced that the requirements for fitting of a CO alarm has been extended. Previously, it was only necessary to fit a CO alarm in a room where there was solid fuel heating, they strongly recommended also fitting where there was gas. That is now been made mandatory. The new rules just announced […]
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Council’s encourage landlords to improve energy efficiency
A council in a largely-rural area of Suffolk is the latest to have won additional funding to push landlords into making their properties increasingly energy-efficient.Babergh and Mid Suffolk District Council is one of a number in the county to have secured a total of £248,282 in funding from the Department for Business Energy and Industrial Strategy.The […]
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Two thirds of parents would buy a home for their child to live in at university
This is Money are running a piece entitled – ‘Two thirds of parents would buy a home for their child to live in at uni: Is it a good idea and how do you make money as a student let landlord?’ It can be seen here, and explains that it makes a lot of sense […]
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LATEST NEWS
Shawbrook introduces new buy-to-let portfolio product
Shawbrook Bank has unveiled a new mid-range product to its buy-to-let proposition, aimed at supporting portfolio landlords owning ‘simple’ property types. Customers who meet the criteria will have access to a reduced five-year fixed rate of 4.09% up to 75% LTV. This completes a full revamp of Shawbrook’s buy-to-let offering, which has followed the launch […]
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London landlords see turn-round
After two years in the doldrums and high levels of over supply, prime central London is at last a landlord’s rental market according to a leading agency.“With demand outstripping supply, landlords are currently in a strong position and those who have been considered selling their property may be persuaded to keep it as a rental investment […]
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Is Airbnb moving into traditional landlords’ business?
Airbnb has amended its rules to allow users to search for stays up to 12 months (from six) and the platform is overtly linking this with announcements by many high profile companies – including Procter & Gamble, Ford Motor Company, PwC, and Amazon – that its staff can continue to work remotely in certain circumstances. In […]
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MPs criticised for exploiting rent expenses loophole
The Property Industry Eye are running a piece on the perceived double standards of MP’s for letting out their London properties, whilst renting another property using tax payers money. It can be seen here, and says: Some senior Tories have accused MPs, many of which are their colleagues, of being “plain wrong” for earning money […]
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Councils accused of not taking action against criminal landlords
Two thirds of councils in England have failed to prosecute any criminal landlords in the last three years, according to new research. A freedom of information request by the National Residential Landlords Association (NRLA) found 67% of councils had not successfully prosecuted a landlord for offences related to standards in or the management of private […]
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