Home Reit, an investment trust landlord, was set-up to house Britains homeless. But the company has found itself running into increasing difficulties, with tenants' complaints and failed rent payments, a negative short-seller's report, a financial squeeze with falling stock prices and al
A boost in court resources as well as measures to fast-track the most serious possession cases related to anti-social behaviour and rent arrears will be vital post-Section 21, says NRLA chief executive Ben Beadle . Without reform, a rise in cases will add t
Councillors in Reading are set to rubber stamp plans to extend restrictions on the number of HMO conversions. An Article 4 direction already covers parts of the town where HMOs are prevalent, in much of Park, Redlands and Katesgrove wards, as well as Jesse Terrace.
Propertymark has called for a set of standards for developers and clear guidance for local councils as a way to effectively convert empty commercial properties into affordable homes - an increasingly popular path for some bigger PRS landlords. Responding to an inquiry from all-p
Converting commercial buildings to residential use would seem an ideal solution to a housing shortage, especially with and a glut of underused commercial buildings, but how easy is it? The planning regulation changes have made it easier to convert commercial buildings to residen
The new How to Rent guide due to come out today (17th March) has been delayed for a week, according to industry sources. The new guide forms part of the prescribed information that landlords in England must issue at the start of any new tenancy or renewa
John Lewiss build-to-rent strategy appears to be stalling amid local opposition to its plans for large developments in West Ealing and Bromley. The retailer has just announced pre-tax losses of �234 million as sales dipped 2% last year, making it even more vital to find new
Landlords, estate agents and surveyors have all given yesterdays Budget an unqualified thumbs down after the Chancellor chose to focus on economic growth but ignore several problem threatening to engulf the housing market. All have said the budget was disappointing and a m
Despite new research showing that one in four people plan to invest in property to generate retirement income, Chancellor Jeremy Hunt's scrapping of the 'lifetime pension fund limit' could dampen demand for BTL property, says Cornerstone Tax. The impact of inflation on savings a
‘Rentflation’ has cost young people an extra £1,616 on their rent bill in the past year, according to new data from Barclays.
Almost half of all private renters who receive Local Housing Allowance experience a shortfall between their payment and monthly rent, according to new analysis by the NRLA.
Landlords who fail to address damp and mould problems ahead of Awaab’s Law risk legal action, reputational damage, and significant fines, an air quality monitoring firm has warned.
More companies are registered to hold buy-to-let property than for any other type of business as investors seek to reduce their tax burden, new data reveals.
Landlords still have 'plenty of opportunities’ despite interest rates expected to remain on hold this week, a specialist lender has suggested.
The Renters’ Rights Bill could lead to an increase in the number of tenants being asked to provide a guarantor and to further discrimination, charities and campaign groups have warned
Letting costs and complexity increase, while tenant affordability stalls...
The number of licensing schemes lined up to launch this year has already surpassed last year’s total, as councils continue to put the financial squeeze on landlords.
A landlord has avoided a £29,000 rent repayment order after a First Tier Property Tribunal ruled that he had been the victim of administrative failings by Southwark Council.
An official briefing document for MPs has underlined the contradictory position the government has manoeuvred itself into over landlords and letting agents who advertise properties as No DSS. The House of Commons Library document makes for interesting reading because, base
A landlord who defrauded HMRC out of almost �500,000 by keeping deductions from his employees wages has been jailed for three years. Michael Stainer, 74, (inset, main picture) was found guilty of two counts of cheating the public revenue and one of fraud by false representat
As temperatures in England and Wales soar this week, many office buildings will become unusable says real estate sustainability expert Chris Bennett of consultancy https://evoraglobal.com/" target="_blank" Evora Global - it should act as a powerful warning for real estate
An estate agency has claimed that the governments war on landlords will cost the private rented market some 46,000 this year, or some 3,800 every month. Hamptons , which has branches all over the UK, says its research confirms that, as LandlordZONE
With the cost of living crisis being the political issue of the day, and a political leadership contest underway, theres something of a hiatus in the way its being dealt with. But the situation is now quite urgent. Financial distress is now higher than during the pandemic.
Fed-up landlord Sue is quitting the sector and taking a hit on her pension plan after being ground down by anti-landlord rhetoric and red tape. <figure id="" class="w-richtext-figure-type- " data-rt-type="" data-rt-align=""><div><img src="https://cdn.prod.website-files.com/63bef2f3c
Housing minister Eddie Hughes has attempted to justify why institutional landlords who run Purpose Built Student Accommodation (PBSA) are to be exempted from the Governments proposal to move all tenancies in the PRS to periodic ones. <figure id="" class="w-richtext-figure-type- " data
Landlords with empty properties are being urged to take advantage of council cash to help fight the housing shortage. About 300 councils currently offer a scheme mainly loans to carry out repairs - although some provide grants, usually ranging from �5,000 to more than �25,
Letting out property abroad can be a great way of generating extra income. The property might have been bought primarily as an investment but for others or it could be second or holiday home let out when not in use. There are plenty of things to think about, though.
Leicester is going ahead with its selective licensing extension in three areas of the city, charging landlords �1,090 per property - the highest fee in the Midlands. The council is introducing the scheme in parts of Westcotes, Fosse, Braunstone Park and Rowley Fields wards, whi
Durham Council has warned landlords covered by its new selective licensing scheme to brace themselves for inspections next month. At least 29,000 properties, 42% of the countys PRS, are covered by the scheme which launched in April after winning government approval. <p id
Nearly one-fifth of private rented homes would need work costing more than �10,000 to bring them up to an EPC Band C, according to the latest PRS figures. The English Housing Survey Private Rented Sector report for 2020-21 found that these were more likely to need larger sums o
The latest figures available from Rightmove show that London rents jumped by around 14 per cent in the last year, with some property experts calling it the most competitive market on record Matt Hutchinson, a director at SpareRoom, the flat sharing website, has said: <p
The pandemic has had a devastating impact on commercial property, with lockdowns, social distancing, working from home (WFH), all accelerating the move to online and home deliveries. The likes of Tesco, Ocado and the other big supermarket deliveries were the saviour of the public during the
Welsh politicians have reaffirmed their desire to consider rent controls in the PRS while announcing plans to crack down on the holiday let sector. Plaid Cymru leader Adam Price (main pic, right) suggested rent controls could be on the table when the long-awaited but now <a href
Michael Gove, arguable the best housing secretary for some years, has been sacked from his job after joining a chorus of Tory cabinet ministers calling on the PM to resign. During a fast-moving day in politics which has seen over 40 MPs quit the government or withdraw their supp
Welsh government leaders have revealed radical plans to licence holiday lets in a bid to get tough on the causes of long-term rental shortages. The region is to introduce a cap on the number of second and holiday homes while bringing in measures to put more homes into common own
HMO landlords face paying thousands of pounds for https://www.landlordzone.co.uk/news/safety-peer-asks-why-private-landlords-must-do-electrical-checks-when-social-ones-are-exempt/" electrical equipment when new regulations kick in later this year. An amendment
Manchester aims to double the size of its selective licensing scheme by adding another 1,884 properties in eight areas. The council has given it the go-ahead to the https://www.landlordzone.co.uk/news/manchester-mayor-vows-to-launch-1-5m-landlord-licensing-across-city/"
Owners of second homes in many coastal and holiday locations could face a ban on renting using lettings websites like Airbnb. Tourist hotspots such as coastal towns in Cornwall and Devon are particularly affected. Communities being eroded In many of these towns, loca
Brighton and Hove has its sights set on being the first city to slap a ban on second homes and holiday lets. The Green-controlled council is looking to clamp down on landlords profiting from the staycation boom amid fears that the rapid growth has impacted on the availability of
In its latest plans, the Government is hoping to make the leasehold system fairer for leaseholders through a brand new Reform Act. There are several things for landlords to consider when the Leasehold Reform (Ground Rent) Act 2022 comes into force including where it
The long-awaited Government White Paper, https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1083378/A_fairer_private_rented_sector_web_accessible.pdf" target="_blank" A Fairer Private Rented Sector ,
According to recent research buy property agents Hamptons International, for the last 11 months its been cheaper to buy a home with a 10% deposit than rent. This is because to rental growth was tearing away before and mortgage rates were near their record lows. In May this ye
Abolishing fixed-term tenancies will devastate the student market and lead to a major contraction of student homes to rent, warns a leading accommodation provider. The governments https://www.gov.uk/government/publications/a-fairer-private-rented-sector" <stron
