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In most cases, a tenant needs their landlord’s consent before they can sublet their home, otherwise they risk breaking the term of their tenancy agreement and on that basis, a private landlord can take action to evict their tenant.Subletting social housing, on the other hand, is a criminal offence, punishable...
Posted: October 16, 2017, 7:01 am
Mortgage lending to buy-to-let investors remained largely unchanged in August despite an overall increase in residential mortgage lending, according to the latest figures from UK Finance.The seasonally adjusted data reveals that the number of buy-to-let loans in August was similar to July, but edged up by 4% to 20,400 when...
Posted: October 16, 2017, 7:00 am
The decision to launch a new inquiry into the private rented sector has been welcomed by letting agents.The Communities and Local Government (CLG) Committee will look into whether councils have adequate powers to tackle ‘rogue landlords’.The inquiry, which follows a report published by the CLG in 2013, highlighting where the...
Posted: October 16, 2017, 7:00 am
The Mansfield Building Society has launched a new mortgage product specifically designed to allow buy-to-let investors to purchase or remortgage a property at up to 80% loan-to-value, subject to a borrowing rate of 3.99%.The product, which allows for capital raising, will take a landlord’s personal income into consideration alongside the...
Posted: October 16, 2017, 7:00 am
A Camden councillor who was prosecuted last year by the council he works for in north west London after failing to carry out improvement works to a rented property he owns in Primrose Hill has slammed the government for demonising landlords and effectively making them  ‘public enemy number one’.Bucknell, who...
Posted: October 13, 2017, 7:00 am
Almost a third of rental properties in the UK are potentially at risk from carbon monoxide poisoning, according to new research.The study, carried out by Censuswide on behalf of Carbon Monoxide Be Alarmed!, which is a national campaign to reduce the number of deaths and injuries caused by carbon monoxide, found that...
Posted: October 13, 2017, 7:00 am
Legal & General has announced that it will be creating 220 new Build to Rent (BTR) homes in Birmingham, as part of its wider approach to address the UK’s housing shortage, having acquired a prime city centre development site.Legal & General now has a total housing pipeline of more than 70,000...
Posted: October 13, 2017, 7:00 am
Plans to introduce an additional licensing scheme across 12 wards in Havering, east London, have been approved.Local councillors met on Wednesday to discuss the proposal to charge landlords £900 to register their properties with Havering Council and decided to give the scheme the go-ahead.The 12 wards that will be affected by...
Posted: October 13, 2017, 7:00 am
Two landlords in Bath have been ordered to more than £16,000 for failing to hold the correct HMO licences.Elizabeth Vowles, 48, and Hayley Book, 55, from Weston pleaded guilty at Bath Magistrates’ Court to the offence under the Housing Act 2004.The court was informed that the pair were caught operating...
Posted: October 13, 2017, 7:00 am
A growing number of landlords are turning to corporate structures in an effort to reduce tax liability and avoid stringent new rules on mortgage affordability, according to fresh research.New data from Mortgages for Business reveals that 79% of all buy-to-let purchase applications were made via a corporate vehicle in the...
Posted: October 12, 2017, 7:00 am
Keystone Property Finance has relaxed its criteria around its buy-to-let proposition in a bid to help win more business from both portfolio and non-portfolio landlords.The specialist buy-to-let lender has raised the maximum individual loan available from £750,000 to £1m on borrowing up to 65% loan-to-value (LTV), which is being offered...
Posted: October 12, 2017, 7:00 am
Weymouth and Portland Borough Council is planning to introduce a selective licensing scheme in an effort to clamp down on unscrupulous landlords in the Melcombe Regis area as well as reduce anti-social behaviour in private rented properties.Council officers have already discussed the plans for a selective licensing scheme at a...
Posted: October 12, 2017, 7:00 am
Nearly half of landlords across the UK would refuse a tenant applicant with a poor credit score, despite in-depth credit checks not forming part of the usual tenant application process, a new study has found.The industry report, commissioned by tenant referencing and insurance agency Landlord Secure, revealed that 46% of...
Posted: October 11, 2017, 7:00 am
The new blacklist of rogue agents and landlords, introduced as part of the Housing and Planning Bill, will go a long way towards improving standards in the letting industry in England, according to PayProp.The list, which came into play at the start of this month, gives local authorities powers to...
Posted: October 11, 2017, 7:00 am
New rules making it compulsory for landlords to apply for planning consent if they wish to convert properties in the Royal Borough of Greenwich into Houses in Multiple Occupation (HMOs) will ‘drive up standards, and drive out rogue landlords’ in the local area, it has been claimed.The local authority for...
Posted: October 11, 2017, 7:00 am
There are growing signs of recovery in the prime central London buy-to-let market as rental values dipped by just 0.1% in the three months to September, which was the smallest quarterly decline in almost two years.A fall in residential letting stock in the heart of the capital is starting to...
Posted: October 11, 2017, 7:00 am
The average cost of renting a property in the UK rose by 2.1% in September, while tenants in the capital faced a 1.9% increase as the recovery in London continued, according to the latest figures from HomeLet.Its index, which is based on new lets agreed by landlords and agents using...
Posted: October 10, 2017, 12:52 pm
An advert offering a van for rent as a home for £220 per month has appeared on Gumtree.The advert for the van, which was posted by the owner, claims that the vehicle comes with all the facilities required for “winter living”, including a fire burner, cooker, oven, sink, tap, double...
Posted: October 10, 2017, 7:00 am
New rules to help crack down on rogue landlords in York could soon come into force.City of York Council is considering imposing fines of up to £30,000 on landlords who do not meet safety and licensing regulations, as an alternative to prosecution.The council believe that the proposed new measures to...
Posted: October 10, 2017, 7:00 am
Asking rents are continuing to drop as the supply of property to let increases, according to a new report.Historically, asking rents for new properties coming on to the market increase in the third quarter of the year, as it is typically one of the busiest times for tenants looking for...
Posted: October 9, 2017, 7:00 am