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A significant number of private landlords are planning to increase rents to help cope with changes to the way they are taxed, new research has suggested.A study by Cover4LetProperty found that 32.5% of landlords are planning to increase their rent in the next 12 months in order to keep up...
Posted: August 22, 2017, 7:00 am
Buy-to-let landlords should be responsible for paying letting agent fees in Wales, despite some concerns that this will lead to higher rents as landlords seek to pass on the costs, according to the Welsh government.A Welsh government report claims that there is “no compelling evidence” for tenants to pay upfront...
Posted: August 22, 2017, 7:00 am
A London based letting company has been fined £20,000 after issuing false documents that gave tenants no protection from landlords or eviction.Two renters in the capital were wrongly given licenses by Green Live Ltd which was intended for nannies or lodgers instead of secure assured tenancy agreements, according to the...
Posted: August 22, 2017, 7:00 am
In an attempt to improve standards in the private rented sector, a London-based letting agent is calling on buy-to-let landlords to adopt a more professional approach when it comes to managing their private rented accommodation.The annual English Housing Survey shows that 1.4 million rented properties across Britain today pose a health...
Posted: August 22, 2017, 7:00 am
As the buy-to-let industry has grown, so too have the many rules and regulations involved with letting a property.Keeping up with changes in legislation has never been more important, as failure to comply can impact a landlord’s ability to evict a tenant when things go wrong.Here are the right ways...
Posted: August 21, 2017, 7:00 am
City councillors in Nottingham have approved a new licensing scheme aimed at improving housing standards in the city’s private rented sector. Following an extensive 11-week consultation earlier this year, which sought the views of tenants, landlords, letting agents and local people, the council’s executive board opted to approve the revised selective...
Posted: August 21, 2017, 7:00 am
Buy-to-let landlords allowing illegal immigrants to live in their properties may face jail after hundreds of people suspected of not having the rights to live in the UK were arrested during a national enforcement operation across Britain.Border Force police arrested around 200 people during the operation cracking down on illegal...
Posted: August 21, 2017, 7:00 am
A new range of equity release products for owners of buy-to-let properties has today been launched by Retirement Advantage.The new products are designed to allow buy-to-let landlords to release cash from their properties, without the need to sell part, or all, of their entire portfolio.Retirement Advantage’s Landlord Options range consists...
Posted: August 21, 2017, 7:00 am
There has been a significant drop in the number of homes available to rent over the past 12 months, according to new figures released today.Across the UK the new listings ‘to let’ last month sat at -9%, marking the largest decline for July since 2013.But while figures for properties ‘to...
Posted: August 18, 2017, 7:00 am
With the number of Brits enjoying a staycation this summer expected to be almost a quarter (23.8%) higher than in 2016, with many citing the poor exchange rate as their reason for staying on home soil, it’s never been more important for owners of UK holiday homes to ensure their...
Posted: August 18, 2017, 7:00 am
Plans have been unveiled for a development of 375 new Build to Rent (BTR) homes, as part of the proposed redevelopment of four acres of land around Edgbaston cricket ground in Birmingham, subject to planning and local consents.International property investment group PATRIZIA UK and the Homes & Communities Agency want...
Posted: August 18, 2017, 7:00 am
Four landlords in Peterborough have become the first to have been fined for not holding a licence under a new city council scheme.Last week, Shazia Parveen of Norton Road, Peterborough, was fined £440 and ordered her to pay a victim surcharge of £44 plus the council’s costs, while earlier this...
Posted: August 18, 2017, 7:00 am
Rents are likely to rise in the third quarter of year as fewer rental homes come on to the market because more landlords are beginning to sell their properties as a consequence of recent tax changes affecting the PRS, with families and professionals expected to be hardest hit by rent...
Posted: August 17, 2017, 7:00 am
Private tenants who pay their rent on time should see their credit rating boosted in order to make it easier for them to gain a foot on the housing ladder.That is the call being made following a survey of almost 3,000 buy-to-let landlords carried out by the Residential Landlords Association...
Posted: August 17, 2017, 7:00 am
Many landlords purchase properties near universities in order to take advantage of the lucrative yields that the student rental market often has to offer, with a new league table compiled by Simple Landlords Insurance claiming that private rental accommodation near universities can generate yields up to 12% per annum, but...
Posted: August 17, 2017, 7:00 am
Average rents continued to fall across many parts of London during the second quarter of the year despite the fact that demand for rental property rose further, according to Foxtons.But while rents continued to fall, the company’s London lettings report for Q2 2017 suggests that the market in the capital...
Posted: August 17, 2017, 7:00 am
New Street Mortgages has unveiled changes to its buy-to-let range, while also making key alterations to its lending criteria.The lender has introduced a reduced reversionary rate option and can now offer a lower assessment rate on its five-year fixed products of 4.5%. It has also increased rates on its five-year...
Posted: August 17, 2017, 7:00 am
Borough wide selective licensing could soon be coming to Brent if the the local council gets its way.Brent Council wants the government to allow it to implement a borough wide selective licensing scheme in order to clampdown on rogue landlords operating in the north west London area.The move, which would...
Posted: August 16, 2017, 7:00 am
Landlords will welcome the news that buy-to-let mortgage rates are falling as lenders compete against each other to have the cheapest rates.According to fresh figures from Mortgage Brain, there have been further rate and cost reductions on most mainstream buy-to-let products over the past three months.From example, the mortgage technology...
Posted: August 16, 2017, 7:00 am
Skipton Building Society has announced that it has tightened its portfolio affordability requirements to 150% at 5.5%, and at 5% for five-year fixed rates, while its standard buy-to-let affordability test is 145% at 5.5%.Under the lender’s new requirements, portfolio landlords will now need a minimum income of at least £45,000,...
Posted: August 16, 2017, 7:00 am