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The financial services regulator, the Prudential Regulation Authority, is warning mortgage lenders to be strict on their assessment of customers wanting buy to let loans.  The Bank of England’s latest Bank Overground publication, which discusses private landlord tax changes, says buy to let has become less profitable in recent years for...
Posted: November 30, 2020, 8:00 am
The Leader of the House of Commons, Jacob Rees-Mogg, says the government has sympathy for the plight of many landlords during the Coronavirus crisis. However, there is no indication of any change in legislation or financial help for the sector. Rees-Mogg was responding to a request by fellow Tory MP Robert Syms,...
Posted: November 30, 2020, 8:00 am
The first-ever winner of Big Brother in the year 2000 says his best decision was not going on the show, but going into buy to let. Former bricklayer Craig Phillips made hundreds of thousands of pounds directly and indirectly from the show on Channel 4.  However Phillips - who lives in Liverpool and...
Posted: November 30, 2020, 8:00 am
One hidden aspect of the recent cladding controversy has been that many landlords have been unable to sell or remortgage flats without first getting an EWS1 form. However, this has now changed and may free many landlords to sell investment properties which until recently were regarded as difficult or even impossible to...
Posted: November 30, 2020, 8:00 am
The number of overseas landlords admitting tax avoidance has risen 65 per cent in five years according to an accountancy firm. Moore, which has analysed tax data, says 390 overseas buy to let landlords admitted to HM Revenue and Customs they have not been paying the right amount of tax last...
Posted: November 30, 2020, 8:00 am
A survey of over 2,000 tenants by a specialist buy to let lender shows that contrary to the popular belief, most tenants like renting and appreciate the property they call home. Paragon Bank’s UK Tenant Report 2020 shows that contrary to the perception of reluctant renters, over half (54 per cent)...
Posted: November 27, 2020, 8:00 am
A cluster of owner occupiers living near a city centre are demanding that landlords win planning consent before operating HMOs. The Gloucestershire Live news website reports that there are about 140 signatures of residents near central Gloucester, on a petition calling on the local council to introduce restrictions on landlords. They want...
Posted: November 27, 2020, 8:00 am
A landlord has been fined £2,500 for failing to licence a property that she had been renting out for several years without the necessary licence. The property in Ilford is in an area subject to Selective Licensing, which requires properties occupied by a single family to be licensed.  Selective Licensing Scheme 1...
Posted: November 27, 2020, 8:00 am
A London landlord must pay over £280,000 in three months after housing eight people in a flat deems illegal for even one resident. Shafait Ali, of Deptford, had converted offices in London’s Old Kent Road into five flats without planning consent. The homes were in a dangerous condition with no fire detectors...
Posted: November 27, 2020, 8:00 am
Landlords have sharply criticised Chancellor Rishi Sunak for cutting the amount tenants relying on benefits will be able to claim to pay their rent. The small print of Sunak’s Spending Review, delivered in the House of Commons yesterday, shows the lettings fallout as being far less rosy than the Chancellor suggested...
Posted: November 26, 2020, 8:00 am
Research by an insurance firm has identified the high costs incurred by landlords on emergency call-outs. Whilst inevitably promoting the merits of insurance, the research by Direct Line is helpful because it highlights the stark costs of such emergencies,. The insurance firm says that over 2019 and so far 2020, private landlords...
Posted: November 26, 2020, 8:00 am
Many of our less affordable cities have seen rent levels drop because of the trend for tenants to work from home and seek larger, less urban properties. That’s the conclusion of lettings management platform Howsy. It’s looked at the current cost of renting across 20 major UK cities and how this has...
Posted: November 26, 2020, 8:00 am
An international consultancy specialising in investors’ residency and citizenship has lifted the lid on the huge tax savings open to overseas property buyers. Astons says many overseas buyers are purchasing UK property in bulk - meaning they not only take advantage of the current stamp duty holiday at the moment, but...
Posted: November 26, 2020, 8:00 am
An insurance company is offering a checklist for landlords - and indeed all property owners - to prepare their homes for winter. LV=General Insurance says the storms of 2020 so far and lingering damage from those at the end of 2019 mean £10m has so far this year been paid out...
Posted: November 26, 2020, 8:00 am
The findings of a survey conducted with 2,000 tenants give an insight into what renters want now, eight months on from the start of the pandemic. The study was conducted within London by Kinleigh Folkard & Hayward, one of the capital’s largest lettings agencies. It shows: - 66 per cent of tenants say...
Posted: November 25, 2020, 8:00 am
A property industry accreditation service is asking whether it’s now time for the government to offer grants to help landlords through the Coronavirus crisis. Safeagent says that one option for some landlords hit by reduced income and other virus-related problems is to seek a mortgage holiday - in reality, just a...
Posted: November 25, 2020, 8:00 am
Seven Emergency Prohibition Orders have been served on one landlord by a Nottinghamshire Police force and local authority. The seven properties in Hucknall were served the orders, meaning the properties cannot be legally occupied unless all works required are completed and the order is revoked. Following a tip off from a utilities...
Posted: November 25, 2020, 8:00 am
The family of an 80-year-old landlord fined for failing to maintain a block of flats in Wisbech has stepped in to manage repair work. Local media report the family only become aware recently of the issues at the flats, after  Paul Coulten was fined £4,550 for offences including having a non-working...
Posted: November 25, 2020, 8:00 am
A guarantor company says landlords may fail to understand the advantages of using services such as those it provides. Housing Hand says landlords mistakenly believe they won’t continue to receive full payments should a tenant not be able to pay. The firm’s managing director, Jeremy Robinson, says the service his and similar...
Posted: November 25, 2020, 8:00 am
Landlords who frequently have to change locks after tenants leave are being warned to be on their guard against rogue locksmiths who have become more active during the pandemic. The Master Locksmiths Association, the largest trade body in the UK representing the profession, says its latest survey shows that 66 per...
Posted: November 24, 2020, 8:00 am