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Rents in the UK’s private rented sector reached a record high in August, according to the latest data from HomeLet.  The figures show that the average rent in the UK hit £970 per calendar month (pcm), up 2.4%, or £23, on the corresponding period last year.  When London is excluded, the average...
Posted: September 13, 2019, 7:00 am
With new figures showing that almost half of letting agents do not comply with the law, London Trading Standards (LTS) has today issued a stark warning to tenants to better understand their rights or risk being ripped off by rogue operators. Figures from LTS show that more than 46% of 1,922...
Posted: September 13, 2019, 7:00 am
A buy-to-let landlord in Nottingham been fined £6,000 and instructed to pay  £1,583.18 costs, along with a £170 victim surcharge following a breach of HMO licensing rules.  Sanaur Rahman, aged 48, of Beauvale Road in The Meadows, allowed nine people to live in an unlicensed house in multiple occupation at 142...
Posted: September 13, 2019, 7:00 am
Landlords are being reminded that they are responsible for the safety of their tenants ahead of Gas Safety Week. The annual event, which takes place 16-22 September, aims to raise awareness of gas safety and reminds us to have our gas appliances safety checked annually by a qualified Gas Safe registered engineer. A...
Posted: September 13, 2019, 7:00 am
Zephyr Homeloans has scrapped upfront mortgage application fees from its entire range of buy-to-let mortgage products.  The buy-to-let lender charged upfront application fees of £199, but has opted to abolish the fee in an effort to boost business.  The new fee-free mortgage application applies whether a broker deals directly with Zephyr or...
Posted: September 13, 2019, 7:00 am
Thousands of graduates across the UK will move to London this month in the hope of embarking on a successful career, despite the extortionate rents and living costs associated with living in the capital. Despite high costs and Brexit, London has been ranked the number one city in the world for  Generation...
Posted: September 12, 2019, 7:00 am
Buy-to-let landlords could benefit financially by catering their offerings towards the growing older renter and family tenant demographics, according to the Tenant Shop.  Various studies and research show that renting is now the choice of tenure for a wider cross-section of the population, rather than just for young professionals saving to...
Posted: September 12, 2019, 7:00 am
The Residential Landlords Association (RLA) has proposed that tenants should be permitted to transfer a deposit between landlords when moving property.  The idea has been put forward by the RLA in response to a government consultation on deposit reform. The government launched its call for evidence asking for information on the barriers...
Posted: September 12, 2019, 7:00 am
A new campaign to find “Britain’s Most Beautiful Garden” has been launched by Just Landlords, with entrants competing to win a £250 Love2shop voucher. The specialist Landlord Insurance provider is hosting a competition encouraging homeowners, landlords and tenants alike to write about why they feel their garden deserves this title. Entrants must...
Posted: September 12, 2019, 7:00 am
Buy-to-let landlords could soon be required to pay more money in capital gains tax (CGT) under new proposals put forward by the Institute for Public Policy Research (IPPR).  The plan is expected to spark outrage among many landlords given that the CGT tax take is likely to be bolstered by buy-to-let property...
Posted: September 11, 2019, 7:00 am
The government has been attacked by a former member of the Bank of England’s Monetary Policy Committee for its “incoherent” approach to the private rented sector.  David Miles, now a professor of financial economics at Imperial College London, argues that there are “few signs” that tax increases on the sector have...
Posted: September 11, 2019, 7:00 am
A growing number of tenants are experiencing rent hikes due to the widening supply-demand imbalance in the market, according to Carter Jonas.  The property firm reports that UK rents have increased by an average of 1.2% over the past 12 months, led by an average gain of 1.2% in the East Midlands.  In contrast, London...
Posted: September 11, 2019, 7:00 am
NatWest Intermediary Solutions has made amendments to its buy-to-let calculations and will now use actual rather than projected letting agent costs for higher rate tax payers. The change is designed to give NatWest the ability to build a clearer picture of a borrower’s expenditure and ensure they are not impacting those...
Posted: September 11, 2019, 7:00 am
Landlords are being invited to take part in a survey in relation to the existing tax system.  The study, which is being undertaken by The Office of Tax Simplification (OTS), aims to identify potential areas of improvement. The OTS would like to hear from anyone who receives residential property income and submits...
Posted: September 11, 2019, 7:00 am
Buy-to-let landlords are increasingly favouring Houses in Multiple Occupation (HMO) and more complex property types due to the often higher yields available.  Precise Mortgages reports that just over a fifth - 21% of landlords - are currently considering purchasing an HMO, owed in part to the high yields achievable.  According to the...
Posted: September 10, 2019, 7:00 am
Birmingham City Council has been instructed to pay a private landlord £1,269.20 after mistakingly paying housing benefit directly to his tenant.  The landlord was left out of pocket following the error, as the tenant, who had significant rent arrears, disappeared without passing the money on to her landlord.  The woman, who has...
Posted: September 10, 2019, 7:00 am
Struggling to let or sell a property? There are a number of things that turn off potential renters and homebuyers off, but what leaves the biggest negative impression on people when viewing a property?  Sell House Fast surveyed 1,266 Brits who have been to several viewings over the last year to...
Posted: September 10, 2019, 7:00 am
The number of tenants evicted by private landlords has continued to fall, according to data from the Ministry of Justice (MoJ). From a market of around 4.5 million buy-to-let homes, 6,079 repossession claims from private landlords went before the courts in the second quarter of the year, down from 6,266 repossession...
Posted: September 10, 2019, 7:00 am
Private landlords in Enfield may soon have to obtain new licences after the local council launched a consultation aimed at gaining approval for the introduction of additional and selective licensing schemes in the local area.  Selective licensing would apply to all privately rented properties that are occupied by one household –...
Posted: September 10, 2019, 7:00 am
Hounslow Council has u-turned on plans to introduce a licensing scheme for landlords.  Plans for an additional licensing scheme for landlords were passed by the local authority’s cabinet in July. But following growing pressure from the Residential Landlords Association (RLA) and Safeagent, the council has decided to go back to the drawing...
Posted: September 9, 2019, 7:00 am