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Boost in BTL data reflects activity of larger wealthier landlords

Boost in BTL data reflects activity of larger wealthier landlords

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Financial experts have greeted resurgent buy-to-let market data with caution, suggesting that larger wealthier landlords are simply taking a bigger share of the sector.

Average rents in England rise for the third month in a row to £1,213 in March

Average rents in England rise for the third month in a row to £1,213 in March

News

The average price of a rental property in England rose for the third month in a row to £1,213 in March, it has been revealed.

Desirable London properties at historic discounts, suggests Savills

Desirable London properties at historic discounts, suggests Savills

News

Investors can snap up prime central London properties at historic discounts equivalent to those seen in the early 1990s, according to new research by Savills.

Half of private renters don’t have contents insurance or don’t know what it is, claims Monzo

Half of private renters don’t have contents insurance or don’t know what it is, claims Monzo

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Half of private renters either don’t have contents insurance or don’t know what it is, leaving them financially vulnerable to theft, damage, or loss.

Only 2.5% of rented homes in England are affordable for those on housing benefit, Crisis reveals

Only 2.5% of rented homes in England are affordable for those on housing benefit, Crisis reveals

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Only 2.5% of private rented properties listed in England were affordable for people on housing benefit between April and October last year according to Crisis, down from 12% in 2021 to 22.

Billionaire landlord ordered to repay tenants £263,555 for operating two buildings as unlicensed HMOs

Billionaire landlord ordered to repay tenants £263,555 for operating two buildings as unlicensed HMOs

News

A billionaire landlord has been ordered to repay tenants £263,555 for operating two East London buildings as unlicensed HMOs.

House price growth remains steady, but is expected to soften as stamp duty rates change today

House price growth remains steady, but is expected to soften as stamp duty rates change today

News

House price growth remained steady last month, but is expected to soften in the coming months as the stamp duty holiday comes to an end.

More than a third of landlords to offload properties, Landbay survey suggests

More than a third of landlords to offload properties, Landbay survey suggests

News

More than a third of landlords plan to offload some of their rental properties in the next 12 months, according to a new survey.

Scottish lawmakers urged not to repeat the mistake of restricting rents

Scottish lawmakers urged not to repeat the mistake of restricting rents

News

Letting agents have urged Scottish lawmakers not to repeat the mistake of restricting rents that has ultimately increased costs for tenants.

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Average holiday home investor income rises by 59% since 2019

Average holiday home investor income rises by 59% since 2019

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The UKs largest holiday home rentals website has published shocking figures that reveal the average income earned by property investors on its platform. Sykes Holiday Cottages Holiday Letting Outlook Report 2023 reveals that its average owner saw an income of �24,000 last

Tribunal slams councils for 'cash cow' licencing schemes that aren't needed

Tribunal slams councils for 'cash cow' licencing schemes that aren't needed

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A First Tier Property Tribunal has slammed Nottingham Council for covering large swathes of the city with licensing schemes rather than targeting rogue landlords, a 'temptation' it says is faced by other local authorities. Justice for Tenants brought a case on behalf of a tenant

Shrinking buy-to-let could see a buy-to-let mortgage drought

Shrinking buy-to-let could see a buy-to-let mortgage drought

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As landlords continue to exit the buy-to-let market, to the detriment of their tenants, could this rout also lead to buy-to-let mortgage lenders following their lead? This is a question posed by Chloe Cheung writing for the FT this last weekend. Its a serious question, a deve

Letting agents back HMO council tax re-banding reform proposals

Letting agents back HMO council tax re-banding reform proposals

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Letting agents have backed the Governments decision to reform the way HMO properties are banded for council tax. Propertymark, which represents the estate agency sector, says in its submission to a consultation by the Department of Levelling Up, Housing and Communities that p

LATEST: Greens say 'immediate' rent freeze is only answer to housing crisis

LATEST: Greens say 'immediate' rent freeze is only answer to housing crisis

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Landlords wanting to back the eco movement may want to pause for thought after the Green Party today vowed to bring in an immediate rent freeze and no-fault eviction ban to tackle the housing crisis. During an election campaign visit to Suffolk, party co-leaders Carla Denyer and

Landlord jailed after ignoring court order to improve rat-infested property

Landlord jailed after ignoring court order to improve rat-infested property

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A rogue landlord has been jailed for 10 months after he failed to comply with conditions set by a court concerning his rat-infested property. Martin Ambler admitted four counts of breaching a criminal behaviour order in May 2022 but sentencing was deferred so that he could instr

Have you been hit by the 'cost of landlording' crisis? Here's some help

Have you been hit by the 'cost of landlording' crisis? Here's some help

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There is a lot of talk at the moment about how rents are up by 11% across the UK and although I know its tough on renters, landlord costs have, in many cases, doubled. This includes mortgage premium payments following interest rates rises from 0.5% to 4% in just 12 months, an

Tory think-tank and Shelter push for three-year tenancies for PRS

Tory think-tank and Shelter push for three-year tenancies for PRS

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The government should introduce three-year tenancies to protect tenants from uncertainty and rising rents, according to a liberal conservative think tank report. The Bright Blue group has teamed up with Shelter to publish, <strong id

NEW: Coalition slams Scots Government over rent cap and evictions freeze

NEW: Coalition slams Scots Government over rent cap and evictions freeze

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Landlords have heavily criticised the Scottish governments decision to implement its evictions freeze and rent cap without a proper consultation. The measures, which were widely criticised earlier this year for being rushed through, are now being fought by a coalition of orga

Checking Tenants In and Out

Checking Tenants In and Out

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When you rent out a property two vital stages in the process are when you check-in your tenants at the start of the tenancy and check-out at the end.Preparation is the key to a trouble free let. When you prepare properly you are carrying out management processes so that nothing is left to chance

s.25 and s.26 notices - the landlord's perspective

s.25 and s.26 notices - the landlord's perspective

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Elsewhere on LandlordZONE (at https://www.landlordzone.co.uk/information/what-is-a-section-25-notice" https://www.landlordzone.co.uk/information/what-is-a-section-25-notice and https://www.landlordzone.co.uk/information/what-is-a-section-26-notice-2 ) you can find out about sec

"Upward-only" rent review

"Upward-only" rent review

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Contrary to popular belief, 'upward-only' rent review does not mean the rent must increase.An 'upward-only' review means that the rent payable after the review to open market rental is agreed or ascertained would not be less than the rent payable before the rent review, even if the open market re

The Dangers with Section 8 Possession Claims

The Dangers with Section 8 Possession Claims

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There are dangers with using the Section 8 possession claims process under the Housing Act 1988 which are not always apparent to landlords and agents.There is always a temptation to use section 8 because the shorter notice period (usually 2 weeks) is much quicker to court than the alternative - s

What is a Section 25 Notice

What is a Section 25 Notice

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What is a Section 25 Notice? My business lease is coming to an end and my landlord has served on me a Section 25 Notice.Commercial (Business) Tenancies in England &amp; Wales are regulated by the Landlord &amp; Tenant Act 1954 (Part 2).This means that when the fixed term ends (end of lease) the b

What is a Section 48 Notice?

What is a Section 48 Notice?

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Section 48 of the Landlord and Tenant Act 1987 states that landlords of residential tenancies in England and Wales must furnish their tenants with an address in England &amp; Wales at which notices can be served. Failure to do so will mean that any claim for rent, rent arrears or service charges

Fixed-Term or Periodic Tenancy?

Fixed-Term or Periodic Tenancy?

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Should landlord insist on renewing fixed term tenancies or allow them to lapse into periodic tenancies?In essence a tenancy is the right to possess and occupy land belonging to another. A tenancy gives the occupier a legal interest in the land for a defined period of time.A relationship of landlo

What is a Section 213 Notice?

What is a Section 213 Notice?

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A section 213 notice is a prescribed form notice which must be served on your tenant, or another person, if they provided a deposit for a rental.If you have taken a deposit for an Assured Shorthold Tenancy (AST) in England &amp; Wales (the rules in Scotland &amp; Northern Ireland are similar but

A Check List for Serving a Valid Section 21 Notice

A Check List for Serving a Valid Section 21 Notice

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This is a handy check list for use to help you ensure you are serving a valid section 21 notice. Section 21 of the Housing Act 1988 (as amended 1996 &amp; 2004) provides a means of re-gaining possession of a residential property in England &amp; Wales. Other UK jurisdictions are similar but there

Tenant's Notice to Quit

Tenant's Notice to Quit

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How can a tenant end a residential tenancy and stay within the law - usually with a Tenant's Notice to Quit?In practice most residential tenancies in England and Wales end (over 90 per cent of them) with tenants giving their landlord notice. These guidelines are based on English law and are not a

Agricultural Tenancies

Agricultural Tenancies

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Farm and Land Tenancies Approximately one-third of all agricultural land in England and Wales is covered by agricultural tenancies. Tenancies allow people to farm without being landowners. As agricultural land is expensive, and the acreage now needed to make a viable operati

How Can I Sell My Rental Property?

How Can I Sell My Rental Property?

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Landlords sometimes face a dilemma when they want to sell a rental property, or even a portfolio of their rental properties. Sometimes landlords have no choice but to sell as they are being forced to sell for financial reasons.Residential properties, unlike their commercial counterparts, always s

Assignment of a Residential Tenancy

Assignment of a Residential Tenancy

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Assignment is when an existing and ongoing tenancy is transferred from one tenant to another. The person who transfers the tenancy is the assignor� and the person who the tenancy is transferred to is the assignee�.The outgoing tenant transfers his rights and obligations under the tenanc

Basement flats are more secure than houses

Basement flats are more secure than houses

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Latest Research Suggests Basement Flats Are Safe As HousesBasement flats in West London have been found to be as secure from intruders as other types of apartments, according to research carried by Basement Flats, a newly-launched London publication.The magazine, which features news and informati

What is a Section 26 Notice

What is a Section 26 Notice

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Section 26 Notice - My Commercial (Business Tenancy) Lease Agreement is coming to an end soon and my tenant has served on me a Section 26 Notice. What is this and what should I do?Commercial (Business) Tenancies in England &amp; Wales are regulated by the Landlord &amp; Tenant Act 1954 (Part 2).T

Uninhabitable Premises

Uninhabitable Premises

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Uninhabitable Premises. My tenanted property is flooded. What are my legal obligations in this situation? Am I obliged to re-house my tenant? Must my tenant continue to pay rent?Landlords are under a general obligation to supply property in tenant able condition for the tenant to i

Tenant Blacklist

Tenant Blacklist

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Question: Tenant Blacklists. I've had a very bad experience with a tenant and would like to put him on a black list so that other landlords don't have the same experience that I've had. How do I go about this?Answer: We often get asked this question.Although there have been several attempts by di

Sub-letting Leasehold

Sub-letting Leasehold

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Sub-letting leasehold - I want to rent out my leasehold flat but the managing agent says the freeholder wont allow it. I know that other flats in the block are rented out, so what can I do? Landlords usually prohibit sub-letting to safeguard the interest.Landlords usually prohibit sub-letting

Renting to a 17 year old

Renting to a 17 year old

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What are the implications of renting to a 17 year old or someone who is under the age of 18? We have an application from a 17-year old that is keen to rent but Im not sure this would be legal?</h2> Many landlords and housing providers would be concerned and therefore refuse to let to

Rent Review

Rent Review

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Question - Rent Review - my landlord is asking for far more rent than I expected on review. Am I obliged to pay this?Answer - Commercial leases are contractual - the parties agree to and are bound by its clauses and that includes rent review provisions.The rent review process is a way of periodic

Re-selling Energy

Re-selling Energy

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Re-selling Energy - As a landlord am I able to make a profit by re-selling electricity or gas?</h2>Resale of Gas and ElectricityThe maximum amount that Residential Landlords or resellers� are permitted to charge for gas or electricity is the amount they

Providing a Reference

Providing a Reference

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Providing a Reference - I have been asked to provide a reference for one of my tenants who is moving on. What is my legal position in this and am I putting myself at risk if I say he was a bad tenant?</h2> Referencing (seeking verification of a tenants past performance) is an increasi

Polystyrene Ceiling Tiles

Polystyrene Ceiling Tiles

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Polystyrene Ceiling Tiles - is it legal to have these tiles in the kitchen of a rental property?</h2> There are currently no regulations specifically banning the use of polystyrene ceiling tiles in existing rented property.However, it is unlikely that local authority fire officers and en

Misrepresentation

Misrepresentation

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Misrepresentation - We recently rented out our rural cottage to a couple. As they wanted to use their computers I said it was possible to get high-speed broad-band. I thought this would be possible but it seems it is not at this time. The couple are now claiming that I misled them and that

Mail for Previous Tenants

Mail for Previous Tenants

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I'm receiving mail for previous tenants and some of them are from debt collectors. Will this get my property black listed and cause problems for my current tenants and myself in the future?</h2> It's fairly common to have mail arriving for months and even years after residents have left,