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Nottingham City Council has been slammed for wasting taxpayers’ money after spending £95,000 taking a landlord to the Supreme Court and losing The council challenged a landlord in court over the size of two student bedrooms, but lost the case. However, rather than accept the verdict, Nottingham City Council decided to mount...
Posted: November 19, 2018, 8:00 am
There was greater choice for those looking to rent last month, reflected by a sharp increase in the number of properties ‘to let’ and indeed ‘let’, according to the latest figures from the Agency Express Property Activity Index. The percentage of properties ‘to let’ in October increased by 24.2%, while properties...
Posted: November 19, 2018, 8:00 am
An unscrupulous landlord has been ordered to pay close to £30,000 after being found guilty of a number of breaches relating to five properties in Luton operated as houses in multiple occupation (HMO) without consent. Mervyn Kupshik of Adelaide Close, Stanmore, who operated the unlicensed properties in Dallow Road, Edward St,...
Posted: November 19, 2018, 8:00 am
A buy-to-let investor, once dubbed “country’s worst landlord”, still owes more than £100,000 in unpaid fines in relation to over 60 convictions for housing offences. Katia Goremsandu, 68, has accumulated £143,709.12 worth of property-related fines, including leaving her tenants without heating or functioning fire alarms, over the past few years, but...
Posted: November 19, 2018, 8:00 am
Foundation Home Loans has unveiled a new three-year fixed rate product within its buy-to-let range. The limited-edition deal, available to limited companies and individuals, is designed for landlords who fit the Standard Plus criteria, by having clean credit records, or are financing a House in Multiple Occupation (HMO) or Multi Unit...
Posted: November 19, 2018, 8:00 am
More than three months on from the introduction of a selective licensing scheme in Nottingham, thousands of landlords remain unlicensed because their applications were rejected by Nottingham City Council for not being correctly or fully completed. Nottingham City Council, like many local authorities across the country, insists that selective licensing schemes...
Posted: November 16, 2018, 8:49 am
Renting a property is now more expensive than buying in nine out of ten of the largest British cities, fresh data shows, suggesting that residents are financially better off, on average, buying than renting.  Only in Bristol is the average monthly rent cheaper than average mortgage repayments, according the research by...
Posted: November 16, 2018, 8:00 am
Rogue landlords with properties in Scarborough now face fines of up to £30,000 as the local council looks to clampdown on those failing to take their legal responsibilities seriously. Scarborough Borough Council has voted to adopt new powers to get tough on those who break the rules. A Civil Penalty Policy was...
Posted: November 16, 2018, 8:00 am
Marsden Building Society has unveiled two new expat mortgage products for landlords looking to acquire or remortgage a buy-to-let property in the UK whilst living abroad. The new buy-to-let products, which includes a two-year discount rate of 2.99% or three-year discount at 3.09%, come with a £299 booking fee and 0.6%...
Posted: November 16, 2018, 8:00 am
Buy-to-let mortgage activity slowed dramatically in September, as the number of landlords taking out new home loans dropped by almost a fifth, owed largely to regulatory and tax changes. Landlord investors took out just 5,200 new buy-to-let mortgages for acquiring properties in September, down 18.8% on the corresponding month in 2018,...
Posted: November 15, 2018, 8:04 am
The number of properties acquired by landlords has dropped significantly over the past couple of years following the tax and regulatory clampdown, prompting a leading banking body to downgrade its forecast for buy-to-let lending in 2018. UK Finance said buy-to-let activity was slower than anticipated so far this year, with lending...
Posted: November 15, 2018, 8:03 am
Panoramic views of London, little noise pollution, three generous sized bedrooms and the prospect of a near 9% gross rental yield - these are just some of the primary reasons why buy-to-let investor Adam Jones recently made an offer on a flat in Camden, north-west London. But when he applied...
Posted: November 15, 2018, 8:02 am
Plymouth has been identified as the top location for landlords looking to invest in purpose-built student accommodation in the UK by yieldit. According to the buy-to-let agency’s available student properties, the city commands average net yields of 7.24%, beating all other areas in terms of profitability. Student landlords in Leeds receive the...
Posted: November 15, 2018, 8:00 am
Octopus Property has announced that it is currently not accepting new buy-to-let applications after being ‘inundated’ with demand for its products. A note on the specialist lender’s website reads: “Our buy-to-let products are taking a break, but don’t worry, they’ll be back in the new year.” An Octopus spokesperson commented: “Following a...
Posted: November 15, 2018, 8:00 am
The launch yesterday of a consultation by the government on establishing a new housing court has been welcomed by the Residential Landlords Association (RLA). The proposals unveiled by Communities Secretary James Brokenshire would see landlords and tenants receive faster and more effective justice in the event of property disputes. Government will seek...
Posted: November 14, 2018, 8:00 am
Britain’s biggest and arguably most contentious buy-to-let landlord could be slapped with an ‘unlimited’ fine after leaving a wheelchair-bound tenant without hot water for five months.  Fergus Wilson, who owns hundreds of residential properties in Ashford and Maidstone, caused controversy earlier this year when he said that he would evict single...
Posted: November 14, 2018, 8:00 am
A review of the section 8 possession process is urgently required, according to the National Landlords Association (NLA). As many of you will know, an assured shorthold tenancy can be terminated principally by reliance on section 21 or section 8 of the Housing Act 1988 (as amended). However, following the government’s call...
Posted: November 14, 2018, 8:00 am
Portico’s short term lettings service, Portico Host, has been appointed to Airbnb’s professional co-host programme, bringing Airbnb services to London’s high streets. The estate agency, which currently has 17 high-street offices throughout zones 1-4 in London, becomes just the sixth co-host partner in the UK and the first mainstream lettings business...
Posted: November 14, 2018, 8:00 am
Buy-to-let landlords in Reading are invited to attend a free Landlord Information Evening being held at Reading’s Civic Offices in Bridge Street tomorrow. The event, which will take place on Thursday from 6.30pm, will feature a number of optional workshops for landlords to choose from, including an update on the licensing...
Posted: November 14, 2018, 8:00 am
Buy-to-let landlords who have adopted a high yielding investment strategy may be interested in new analysis of the BTL market that reveals where the best investment opportunities currently are. The research, undertaken by Shawbrook Bank, has identified the North West and Scotland as the top UK hotspots to invest for yield at...
Posted: November 13, 2018, 8:26 am