NEWS

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Buy to Let unfair to landlords

The end of the stamp duty holiday today has triggered a reduction in the number of buy to let investors saying they will purchase more property.Research by Simply Business, surveying 560 landlords across the UK, suggest that many still have concerns about government regulation, with over a third citing this as a reason for their […]

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Landlord couple fined £126,000 over ‘ghost tenant’ scam

A rogue landlord couple who rented their properties to ‘ghost tenants’ to avoid paying thousands in council fees have been fined almost £190,000. Mohamed Lahrie, 55, and wife Shehara, 51, claimed they were renting six of their properties to a single tenant, which was in fact their letting agent. This meant Waltham Forest Council did not […]

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New co-living development in Brighton

Brundell Property Group has launched its new Kosy Co Living – a new 83-bed co-living and co-working development in Brighton. Situated on Melbourne Street the development is expected to create more than 100 jobs for the city. Residents of the new co-living building will enjoy a private room with an en-suite shower room, access to […]

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New Section 21 and Section 8 form issued

Note that as from today (October 1st) you will have to use the new Section 21 and Section 8 forms. The new Section 21 (form 6a) can be found here, and the accompanying notes here. The new Section 8 (form 3) can be found here, and the accompanying notes here. See Government guidance on evicting […]

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Accreditation scheme relaunched in bid to attract more landlords

Plans are underway to relaunch a landlord accreditation scheme – with a difference.Barnsley’s landlord accreditation scheme began in 2010 and the relaunch idea involves the use of an online service called LocalPad. It will provide a ‘one stop shop’ for to landlords seeking accreditation, advice and assistance in managing their properties and their tenancies. It […]

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Tenants returning to the city

The rental market stock surplus is now at a lower level than before Covid hit, according to research from buy-to-let specialist, Sequre Property Investment. The level of stock surplus climbed when the pandemic hit in 2020, hitting a high of 171,080 properties listed to let across 21 major UK cities, at the end of 2020. […]

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Would Labour solve the Housing Crisis?

Lucy Powell, Shadow Secretary of State for Housing, has said in her Labour Party Speech, that she sees housing as a public health issue. She specifically picked out: issues of quality affordability security in private rentals and ending rough sleeping, and No-Fault Evictions. Powell also claims that they will ‘will give local authorities new powers […]

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New Planning Reforms ditched!

New planning reforms set in motion by Robert Jenrick, Boris Johnson and Dominic Cummings are to be scrapped. Plans aimed to curb councils’ power to oppose developments and speed up delivery of new homes in England announced in Planning for the future Autumn 2020 have been scrapped. This has been crticised by property developers, who […]

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Are house prices rising, or not?

Last July, the Times reported ‘House prices could rise by more than 20% in five years’  Today, they are reporting that ‘House price rises to ease after this year’s sales boom, estate agency Hamptons says’ Todays article starts: House price growth will slow over the next four years after 1.5 million completions this year, the most […]

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Triple whammy set to leave the poorest £1,000 out of pocket

The Times have run an article commencing: Poorer families could be £1,000 a year worse off due to a “triple whammy” of prices rises, tax increases and benefit cuts, a think tank has warned. The Resolution Foundation urged ministers to cancel an impending cut to universal credit to soften the impact of rising fuel bills and inflation […]

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Kent landlord stabbed

A car wash worker lashed out with a knife during an “astonishing and fearsome” incident after a landlord tried to stop a violent row between her and a lover. Angry Alicja Orminska lashed out at Krzysztof Dobosz with a kitchen knife as he tried to placate the furious couple, a court has heard. Mr Dubosz […]

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BTL mortgage rates fall to lowest point since January

Moneyfacts have just published a blog discussing buy to let (BTL) mortgages, and whether BTL is still a good investment. It can be seen here, and says: Landlords looking to lock into a new buy-to-let (BTL) mortgage deal will be pleased to see that the average rates on two and five year fixed deals have fallen to […]

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House of Commons report for landlords

The House of Commons has published a report entitled ‘ Extended notice periods for tenants‘ It can be seen here: in addition to covering the history of eviction periods over the past 18 months, the full report also covers all the matters that were put into place to protect tenants – nothing about protecting landlords I’m […]

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Legal help: where to go and how to pay

The House of Commons Library published a briefing paper providing information about where to seek legal help and advice, including: finding legal help; self-representation; legal aid; pro bono legal help; other ways of finding legal advice, including organisations which provide help and advice in connection with specific legal issues. For the briefing, click here.

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Making Tax Digital pushed back another year

The Treasury have announced that Making Tax Digital will now be introduced in April 2024. More details can be seen here. Note that they have also published help on getting ready – see here. Fianlly, don’t forget that our October landlords meetup will concentrate on Making Tax Digital, and the things you will require.  Visit […]

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Is the Buy To Let sector worth it?

The pandemic has hit Buy To Let (BTL) landlords hard as a third have had to cut rents to help struggling tenants, and losses could mount up once the furlough scheme winds up at the end of the month. Almost 1 in 5 landlords have tenants in arrears, owing an average of £2,523, according to […]

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Could voting Labour lead to Higher Rents And Homeless Tenants?

An international agent has issued a stark warning to Labour that a further raft of landlord taxes will cause many to jump ship and sell up, inevitably leading to higher rents and more tenants ending up on the streets. Chief executive of the agents, Dominic Agace, states that Keir Starmer’s demand for new taxes to be imposed […]

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Is your fire door legally compliant?

Ironmongery Direct have just published a blog entitled ‘Fire Door Hardware: Are You Compliant?‘ It can be seen here, and has the following 4 tips: Hinges Ensure the door closes correctly around all parts of the frame, and check for CE marked 30 or 60 minute fire door hinges.  Also, check for suitable intumescent pads […]

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Housing Ministry renamed

The Government have made the following announcement: The Ministry of Housing, Communities and Local Government will become the Department for Levelling Up, Housing and Communities as the government delivers on its central mission to level up every part of the UK. See more details here.

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More UK expat landlords admit to avoiding tax

A growing number of UK ex-pats who own a buy-to-let property in the UK are continuing to approach HMRC to admit they have evaded tax, says national accountancy group, UHY Hacker Young. According to recent figures, 248 overseas investors in UK buy-to-let properties came forward to admit tax evasion in the last year. Many of […]

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