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There was a significant drop in the number of new rental listings, while the volume of properties let last month also dropped, as reduced supply restricted choice for potential renters, the latest figures from the Agency Express Property Activity Index shows. According to the data, there was a 16% drop in...
Posted: March 21, 2019, 8:00 am
Brexit uncertainty could lead to a rise in demand for holiday let rental homes, which is potentially good news for landlords in this sector, according to Commercial Trust Limited. The buy-to-let mortgage broker believes that the already growing rental market space could continue to go from strength to strength in the coming...
Posted: March 21, 2019, 8:00 am
Private rental prices in the UK increased by 1.1% in the 12 months to February, according to the Office for National Statistics. On a monthly basis, the data shows that rents increased by 1%. In England and Wales, private rental prices grew by 1.1%, and in Scotland private rental prices increased by...
Posted: March 21, 2019, 8:00 am
Nationwide has announced that it will no longer prevent buy-to-let landlords from letting property to tenants in receipt of benefits. The move comes after NatWest caved in to mounting industry pressure by earlier this month lifting restrictions on buy-to-let landlords renting to DSS tenants. In October, NatWest's lending practices came under attack...
Posted: March 21, 2019, 8:00 am
Buy-to-let landlords will soon be able to apply for an early bird discount for Scarborough Borough Council’s new selective licensing scheme, known as Scarborough Central. The discount for the scheme, which was approved by the council in November 2018, will be in place from 1 April to 31 May. The early bird...
Posted: March 21, 2019, 8:00 am
Despite recent tax and regulatory changes, investment in buy-to-let has outperformed most other major asset classes over the past 10 years, when considering the annual gain in house prices along with the increase in rental yields, new research shows. An investment in the buy-to-let sector a decade ago would have brought...
Posted: March 20, 2019, 8:00 am
Landlord licensing schemes are being introduced across England, while they are mandatory in Scotland and Wales, as local authorities attempt to clampdown on rogue operators. But while councils argue that selective licensing schemes are a key weapon in the battle to improve standards in the private rented sector, many landlords believe...
Posted: March 20, 2019, 8:00 am
Tenants now have the right to sue their landlords for cold or damp homes under new laws that have come into force today. If a landlord does not carry out necessary repairs or maintenance, the tenant will be able to take them to court where a judge can issue an injunction...
Posted: March 20, 2019, 8:00 am
The Housing, Communities and Local Government Committee has published a report calling for wide ranging reforms to the leasehold system in the UK following allegations of misselling. The report, which was published yesterday, states that leaseholders have been treated as a source of “steady profit” by developers and freeholders, rather than...
Posted: March 20, 2019, 8:00 am
A new series of Academy events across the country designed to educate landlords and letting agents on the ins and outs of deposit protection has been launched by Tenancy Deposit Scheme (TDS). Starting in April, the restructured TDS Academy events will tour England and Wales throughout the year. Previously, TDS offered a...
Posted: March 20, 2019, 8:00 am
Fergus Wilson was courting controversy long before he appeared on last night’s episode of Panorama. The buy-to-let landlord, widely considered to be the one of the most contentious in Britain, is currently in the process of selling his entire portfolio of around 300 residential properties, with the show examining the impact...
Posted: March 19, 2019, 8:00 am
The Residential Landlords Association (RLA) has launched a fresh campaign fighting for landlords’ repossession rights. The landlord organisation has decided to take action following a recent court case in which a landlord’s attempt to regain their property was deemed invalid due to a dispute over a gas safety certificate. The landlord, Trecarrell...
Posted: March 19, 2019, 8:00 am
The new Homes (Fitness for Human Habitation) Act 2018 will be introduced from tomorrow giving tenants the tenants the right to sue landlords who fail to adequately maintain their properties. The Act, which is actually an update to the Landlord and Tenant Act 1985, will cover all tenancies of less than seven...
Posted: March 19, 2019, 8:00 am
Buy-to-let landlords who own property in Liverpool or Manchester could potentially achieve short-term letting yields of up to 30.7%, according to Portico Host. The short-term letting agency has conducted research on short-term lets in the two cities and found that landlords in Walton, Liverpool, are achieving the best short-term let yields...
Posted: March 19, 2019, 8:00 am
The Housing, Communities and Local Government Committee is due to publish its report into Leasehold Reform today, which is designed to examine progress made on leasehold reform, following the conclusion of the government’s consultation on tackling unfair practices in the leasehold market in 2017. The government has already acknowledged that the...
Posted: March 19, 2019, 8:00 am
One of the UK’s largest and arguably most controversial buy-to-let landlords who has in the past banned ‘coloured people’ from renting any of his properties, along with battered wives, plumbers, single women who become pregnant and single mums with newborn babies, will appear on BBC Panorama ‘Britain's Most Controversial Landlord’...
Posted: March 18, 2019, 8:00 am
A tenant who was found guilty of deliberately burning down a property he was renting four years ago was sentenced to 12 years in prison on Friday. Joshua Rosenberg, from Kinfauns, Perthshire, arranged for the house he was renting in Dollar, Clackmannanshire, to be set on fire on 20th February 2015...
Posted: March 18, 2019, 8:00 am
Buy-to-let mortgage activity remained subdued in January with landlord investors taking out just 5,500 new buy-to-let home purchase mortgages, down 1.8% on the corresponding month last year, according to the latest figures from UK Finance. However, buy-to-let mortgage activity in January did mark an improvement on the 5,100 new buy-to-let home...
Posted: March 18, 2019, 8:00 am
The proportion of landlords acquiring properties in London in cash hit a seven-year high in 2018, according to fresh data from Hamptons International. The figures from the Hamptons International Monthly Lettings Index (formerly Countrywide Lettings Index), shows that almost half - 48% - of landlord purchases last year were made in...
Posted: March 18, 2019, 8:00 am
A number of buy-to-let landlords are currently thinking about exiting the private rented sector due to recent policy changes, including the existing phasing out of mortgage tax relief, but many potential sellers should think again, according to a leading PropTech platform.   With the latest data from Rightmove revealing that the...
Posted: March 15, 2019, 8:00 am