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Landlord Today

Landlord Today News.

A host of Brexit bills dominated last week’s Queens’s speech, while there were also a few main non-Brexit proposals announced outlining the government’s proposals for the next two years, including a Tenant’s Fees Bill, banning landlords and letting agents from charging letting fees.The fees ban was initially announced last November...
Posted: June 27, 2017, 7:00 am
Landbay announced yesterday that it is to launch an accounting, reporting and tax compliance service to help landlords with their tax and regulatory landscape.The specialist buy-to-let mortgage lender says that the new accounting platform has been developed in response to demand from a growing number of buy-to-let landlords who are...
Posted: June 27, 2017, 7:00 am
Brexit, Brexit, Brexit – it’s the black cloud hanging above each and every industry as the government works to negotiate a deal with our European friends. From finance to education to housing, it’s clear that no corner will be left fully untouched - but while it’s certain the UK will...
Posted: June 27, 2017, 7:00 am
Santander has announced that it has refreshed its 60% and 70% loan-to-value (LTV) buy-to-let deals to help encourage ‘those who want to invest make their ambition become a reality’.The lender’s 60% LTV two-year fix at 1.44% now comes with a £1,495 product fee, following a £500 reduction, while its 75%...
Posted: June 27, 2017, 7:00 am
A landlord in London faces a backlash after posting an advert for a room inviting potential tenants to apply as long as they are not poor, have children, pets, or are gay.The advert, which was placed in a high street shop window in Greenwich, read: ‘Please note – Children, Pet,...
Posted: June 26, 2017, 7:00 am
The proposed ban on any letting fees charged to tenants by landlords and letting agents is widely viewed as a draconian measure within the letting industry which will have an adverse impact on the rental market.Many experts fear that if the fees are banned, these costs will be passed on...
Posted: June 26, 2017, 7:00 am
A landlord has been fined over £4,000 at Cardiff Magistrates Court after pleading guilty to eight charges relating to five rented student flats in Albany Road, Cardiff.Council officers inspected the property and identified a number of ‘dangerous failings’, which the landlord, Spiridian Micallef, of Penarth, Vale of Glamorgan, accepted.Council officials...
Posted: June 26, 2017, 7:00 am
Specialist buy-to-let lender Fleet Mortgages has announced the launch of 13 new mortgage products with immediate effect.The product range, which covers three key borrower groups, individuals, limited companies and Houses in Multiple Occupation (HMO), are available to standard borrowers as well as limited companies, with a rental calculation of 125%...
Posted: June 26, 2017, 7:00 am
Recent changes to tax for buy-to-let property has dented confidence among landlords with new research showing many are set to revise their situation and implement new strategies, with some consolidation expected among smaller investors.The sixth edition of the Kent Reliance Buy to Let Britain report has launched revealing that just...
Posted: June 23, 2017, 7:00 am
The Council of Mortgage Lender’s (CML) buy-to-let forecast for 2017 and 2018 has been revised down from previous expectations at the end of last year, as ‘tax and prudential measures’ continue to ‘exert pressure’ on the market.The CML now estimates buy-to-let lending of £35bn in 2017 and £33bn in 2018,...
Posted: June 23, 2017, 7:00 am
A new online case tracking system that enables brokers to review the progress of mortgage applications on behalf of buy-to-let landlords has been launched by Keystone Property Finance.The MyKeystone tracking facility for brokers, which features Keystone’s  classic range of buy-to-let mortgages, will aim to save brokers valuable time when checking...
Posted: June 23, 2017, 7:00 am
The Queen’s Speech was unsurprisingly dominated by Brexit, with a host of proposed new laws designed to prepare the UK for a smooth departure from the EU.But there were a few main non-Brexit proposals in the Queen’s Speech outlining the government’s proposals for the next two years, including a Tenant’s...
Posted: June 22, 2017, 7:00 am
When renting out a property, most landlords or their letting agents opt to take an upfront deposit from the tenant prior to the tenancy starting, in order to protect themselves in case the tenant breaches the terms of the tenancy agreement, such as causing damage or not paying rent, enabling...
Posted: June 22, 2017, 7:00 am
West Lindsey District Council made a number of unannounced inspections of private rental homes in Gainsborough yesterday, supported by police officers, as it stepped up its efforts to clampdown on rogue landlords operating in the local area.The council used its powers under the Housing Act 2004 to execute warrants at...
Posted: June 22, 2017, 7:00 am
There has been a major slump in the number of homes for rent over the past six years, fresh figures show.There has been an 11.6% decline in available rental stock since July 2011, led by a 34.7% fall in available homes to rent in Scotland, according to Home.co.uk, based on...
Posted: June 22, 2017, 7:00 am
A tenant who set fire to her flat because her landlord was planning to evict her has been sentenced to three years and two months in prison.After making several threats to ‘torch’ the block of flats she lived in, Angela Vickers started a fire in her own home after discovering...
Posted: June 21, 2017, 7:00 am
Rental market activity bounced back in May, defying fears that a slowdown had struck the market, following a slump the previous month, according to Agency Express.Following cooler market conditions throughout the UK letting market in April, the latest Agency Express Property Activity Index reveals that national figures for properties ‘let’...
Posted: June 20, 2017, 7:00 am
With landlords’ purse strings being tightened by tax changes and a mortgage squeeze, a growing number of buy-to-let investors are choosing to ditch letting agents to find or manage properties, and are instead going it alone, new research shows.A new survey of 2,000 landlords nationwide suggests that almost 600,000 landlords,...
Posted: June 20, 2017, 7:00 am
Southwark council in south London is warning local leaseholders to refrain from renting out properties via short term holiday rental sites, such as Airbnb, because it claims a steady flow of visitors can be ‘damaging to local communities’.The council has sent out leaflets to leaseholders urging them not to be...
Posted: June 20, 2017, 7:00 am
For a long time, fair wear and tear has been a grey area for landlords and tenants alike, and because it tends to vary from case to case, it is among the least understood areas of the letting process, and one which can create much ambiguity and cause a high...
Posted: June 20, 2017, 7:00 am