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Introducing a ‘rogue landlords’ database without better enforcement would be a pointless exercise, according to the National Landlords Association (NLA). A rogue landlords database will finally be opened up to the public offering people, including private renters, an opportunity to search for “the crucial information they need before signing on the dotted...
Posted: July 22, 2019, 7:00 am
The mayor of London has called for additional powers so he can introduce rent controls in the capital. Sadiq Khan believes greater controls are needed to rebalance London’s private rented sector and ensure that it is “fit for purpose”. Average monthly private rents in London have increased by 35% from £1,095 in...
Posted: July 22, 2019, 7:00 am
Buy-to-let landlords are concerned about the proposed scrapping of Section 21 in the absence of a new system that allows them to regain possession of their property in legitimate circumstances. The government finally published the consultation of abolishing Section 21 repossessions in the private rented sector last week, which will run...
Posted: July 22, 2019, 7:00 am
There has been a significant increase in the number of film-related enquiries for short-lets in London and the Home Counties, according to Knight Frank. There was an 82% jump in the film-related enquiries for short-lets received by the company in the year to May 2019 compared to the previous 12-month period. British...
Posted: July 22, 2019, 7:00 am
Paragon has refreshed its buy-to-let mortgage range, offering lower interest rates, no up-front fees and £350 cashback on selected products. The new range includes two- and five-year fixed rate mortgages for portfolio landlords and five-year fixed rate mortgages for non-portfolio landlords, with products available at up to 80% Loan to Value...
Posted: July 22, 2019, 7:00 am
There has been a significant rise in tenant demand in recent weeks after the change to tenant fees came in on 1st June, new figures show. Demand from tenants looking for a new place increased 7% between May and June, an uplift seven times bigger when compared to the previous four-year...
Posted: July 19, 2019, 7:00 am
Vulnerable tenants and those at higher risk of rent arrears are likely to suffer most as a result of the government’s plans to change the way landlords can repossess properties. That’s one of the main findings in new research published by the Residential Landlords Association (RLA) today based on a survey...
Posted: July 19, 2019, 7:00 am
Letting and managing agents in England face the prospect of having to abide by a new regulatory framework, in accordance with the recommendations of the Regulation of Property Agents Working Group featured in a new report released by the Ministry for Housing, Communities and Local Government (MHCLG). The report comes as part...
Posted: July 19, 2019, 7:00 am
Skipton Building Society has refreshed its buy-to-let range and cut rates. Two-year fixed rates will now start from 1.58% at 60% loan-to-value (LTV) with a £1,995 fee and 1.92% up to 75% LTV with a £995 fee. A five-year fixed rate has been also been reduced to 1.99% at 60% LTV with...
Posted: July 19, 2019, 7:00 am
The majority of private renters were satisfied or very satisfied with their current accommodation, according to the English Housing Survey report on the private rented sector 2017/18, published yesterday.  Some 84% of tenants expressed satisfaction with their private rented housing, the report found. Compared with social renters and owner occupiers, private renters...
Posted: July 18, 2019, 7:00 am
Just days after Landlord Today and sister publication, Estate Agent Today, published stories outlining the lack of government response to our readers’ questions on leasehold and commonhold, the government has finally responded. The answers, attributed to the Ministry of Housing, Communities and Local Government, rather than Heather Wheeler, are to these questions we...
Posted: July 18, 2019, 7:00 am
Almost all of the UK’s top 20 best postcodes for buy-to-let rental yields are located within close proximity to a university campus, according to new research by lettings platform, Howsy. Using statistics from PropertyData, Howsy looked at the best buy-to-let postcodes based on 12 month’s rent divided by the average property...
Posted: July 18, 2019, 7:00 am
Universal credit is not working in its existing form, with households on the benefit significantly more likely to have housing debt than those on housing benefit, according to the fourth annual Universal Credit survey from the National Federation of ALMOs and the Association of Retained Council Housing. The Patching the net: Measuring...
Posted: July 18, 2019, 7:00 am
An unscrupulous landlord in Chesterfield has been ordered to pay a total of £5,684.91 after being prosecuted by a second time by Chesterfield Borough Council. Rasa Zubaviciute, 45, of Chatsworth Road, Chesterfield, was convicted for putting her tenants at risk by providing them with substandard housing conditions at a property she...
Posted: July 18, 2019, 7:00 am
With the number of PRS regulations continuing to rise, technology is growing increasingly more important in aiding compliance and ensuring that landlords and letting agents meet their regulatory responsibilities, according to research from Gas Tag. The gas safety compliance solution says the best technology - reducing the margin for error and saving...
Posted: July 17, 2019, 7:00 am
If as a landlord you are already in the self-assessment tax system then you may be due to pay your payment on account for the year ended 5 April 2019 by the end of this month. If you make advance payments towards your bill, known as ‘payments on account’, which is half your...
Posted: July 17, 2019, 7:00 am
Leek United has made a number of changes to its lending policy across its retirement, buy-to-let and remortgage product ranges. In terms of its buy-to-let criteria, the building society has removed the affordability assessment for non-homeowner buy-to-let’s. The society now needs £20,000 income and normal interest rate coverage. Meanwhile, the borrowing rate...
Posted: July 17, 2019, 7:00 am
How does the idea of 12 months’ rent in advance sound? Choices Estate Agents plans to launch a new Advanced Rent Option (ARO) product, which allows landlords to receive their annual rent upfront in one lump sum. The initiative, believed to be an industry first, will be officially launched to landlords...
Posted: July 16, 2019, 7:00 am
Portsmouth City Council is controversially planning to introduce a landlord licensing scheme in the city without potentially allowing around half of local councillors to debate the proposal because they are either private landlords or tenants. As landlords or tenants, they would have a conflict of interest if a motion to introduce...
Posted: July 16, 2019, 7:00 am
The Lettings Hub, a major tenant referencing and let insurance provider, has joined forces with teclet, a cloud-based, automated software platform. The new partnership, designed to support letting agents, landlords and tenants, allowing customers of both businesses to take advantage of the integration, enabling increased efficiency and streamlined processing across several...
Posted: July 16, 2019, 7:00 am