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Landlord mortgage costs leap to nearly 40% of rental income

Landlord mortgage costs leap to nearly 40% of rental income

News

The average mortgaged landlord paid 37% of their rent on mortgage interest in August, up from a low of 24% in November 2021, according to Hamptons.

30 campaigning groups write to Rishi urging landlord reforms

30 campaigning groups write to Rishi urging landlord reforms

News

Thirty charities and non-profit organisations have written to the Prime Minister urging him to ensure the Renters Reform Bill is passed during this Parliament.

Property 'dating service' for landlords and tenants launches

Property 'dating service' for landlords and tenants launches

News

A WhatsApp-style ‘dating service’ designed to marry up landlords and tenants has launched seeking to simplify London’s ‘chaotic’ private rented sector and rival established portals such as Rightmove and Zoopla.

40 per cent of tenants are struggling with rent payments

40 per cent of tenants are struggling with rent payments

News

There’s now a significant proportion of adults in the UK struggling to meet their rent or mortgage payments

Buy-to-let profits nosedive for new buyers

Buy-to-let profits nosedive for new buyers

News

Landlords who took out a new mortgage between April and June this year made an annual cash loss for the first time since 2007.

Absentee landlord handed fine for ignoring tenants

Absentee landlord handed fine for ignoring tenants

News

A landlord who ignored improvement notices on his two unlicensed properties has been handed a £15,000 fine by magistrates.

Can tenancy contracts be signed electronically?

Can tenancy contracts be signed electronically?

Information

It is very convenient and timely to accept documents relating to tenancies signed electronically and transmitted electronically - are they legal valid?

Agency pays high price for harassing tenants

Agency pays high price for harassing tenants

News

A letting agency in Hove has been ordered to pay nearly £69,000 for “abhorrent and vile” behaviour towards its tenants.

Kids and pets raise the cost of renting

Kids and pets raise the cost of renting

News

Renters with pets or children are paying as much as £460 more during their tenancy compared to other renters.

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Half of landlords thinks pets and eviction reforms 'bad idea'

Half of landlords thinks pets and eviction reforms 'bad idea'

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News
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New research among landlords reveals that although a majority are adopting a ‘wait and see’ approach to the Government’s looming renting reforms, it’s the changes to pets rules and evictions that are troubling them the most.

NRLA backs platform that helps landlords move to limited company status

NRLA backs platform that helps landlords move to limited company status

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News
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Private landlords considering a move to limited company ownership of their rented properties are being urged by the NRLA to use its latest partner service.

Landlord handed £8,471 fine over 'structually dangerous' HMO

Landlord handed £8,471 fine over 'structually dangerous' HMO

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News
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A landlord has been handed a £8,471 bill for allowing his tenants to live in a property with serious structural issues, dangerous wiring and a lack of fire safety measures.

Fake tenancies at heart of Bulgarian's gang's £53m scam

Fake tenancies at heart of Bulgarian's gang's £53m scam

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News
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Five fraudsters who stole £53.9 million in a huge benefits scam used false tenancy agreements to help them make claims.

Councils lobby Ministers not to scrap selective licencing schemes

Councils lobby Ministers not to scrap selective licencing schemes

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News
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The Local Government Association (LGA) has urged Minister to ignore rebel MPs’ calls for selective licencing to be replaced by the looming Landlord Portal.

TWO new reports reveal weakening supply of rented property

TWO new reports reveal weakening supply of rented property

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The number of landlords instructing agents to rent properties has declined for a second quarter in a row, fuelling ongoing worries that the Government’s ‘anti-buy-to-let’ mood music is disrupting the market.

'Ignorance of law no excuse' as landlord repays tenants £10,500

'Ignorance of law no excuse' as landlord repays tenants £10,500

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News
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A landlord who blamed her agent and tenants for not telling her about a selective licensing scheme has been hit with a £10,572 rent repayment order.

Tax shock for furnished holiday let owners – how to react while there’s still time

Tax shock for furnished holiday let owners – how to react while there’s still time

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News
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If you are involved with Furnished Holiday Lets you are probably be aware by now that there are far reaching tax changes coming - what to do about them?

Record fines for London landlords push total to £10 million

Record fines for London landlords push total to £10 million

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News
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Total fines for London’s rogue landlords and agents have topped £10 million since the rogue landlord database launched in 2017.

Rents to rise faster than property values over next three years

Rents to rise faster than property values over next three years

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News
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Hamptons predicts that rents will rise by 17% between 2024 and 2027, outpacing house price growth of 12.5%.

Why it's time for landlords to get digital

Why it's time for landlords to get digital

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Now is a great time for landlords to look at ways to manage their property portfolios online as wide-reaching legislation change looms, including a new digital Private Rented Sector database.

Half of Facebook rental ads are fake, claims Generation Rent

Half of Facebook rental ads are fake, claims Generation Rent

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News
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More than half the rental listings on Facebook Marketplace are likely to be scams, according to an investigation by Generation Rent.

First meeting of London Rent Commission held at City Hall

First meeting of London Rent Commission held at City Hall

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News
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The group, which includes politicians and activists, say the commission is the step toweards rent controls in the capital.

Total Landlord wins 'best insurance provider' for SEVENTH time

Total Landlord wins 'best insurance provider' for SEVENTH time

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News
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For the seventh year, Total Landlord, part of Total Property, has been named the 'Best Landlord Insurance Provider' at the Insurance Choice Awards 2024.

Rents in England close to 'affordability ceiling' says Savills expert

Rents in England close to 'affordability ceiling' says Savills expert

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News
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Information

Rents will carry on rising next year as the supply of rental homes continues to be outstripped by supply – but an ‘inflection point’ where rents become too expensive for many tenants will eventually arrive, and already has done in London.

Big London council votes to hugely extend selective licencing

Big London council votes to hugely extend selective licencing

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News
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Decision by Lambeth councillors comes just a few months after an initial and expensive four-ward scheme went live.

RICS reports that the Budget gives a mixed bag for property

RICS reports that the Budget gives a mixed bag for property

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News
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There are Autumn Budget winners and losers in the property industry as a whole

Government rejects calls for longer licencing schemes

Government rejects calls for longer licencing schemes

News
News
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Information

The Government has rejected calls for 10-year selective licensing schemes and insists that the government recognises the burden that licensing puts on landlords.

LATEST: Bank of England cuts base rate by 0.25%

LATEST: Bank of England cuts base rate by 0.25%

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News
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Information

The Bank of England has cut interest rates from 5% to 4.75%, providing some welcome cheer for landlords looking to invest and remortgage.

Rent arrears climb by 22% as 'cost of living' crisis continues

Rent arrears climb by 22% as 'cost of living' crisis continues

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News
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The average rent arrears claim climbed to £2,064 in the third quarter of this year, a 22% rise on the same period last year.

Housing minister says rent controls would damage landlords and tenants

Housing minister says rent controls would damage landlords and tenants

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News
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Housing minister Matthew Pennycook has said rent controls in England would hit both tenants and landlords negatively by reducing supply and discouraging investment.

Generation Rent hires former Labour MP and housing campaigner

Generation Rent hires former Labour MP and housing campaigner

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News
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Former Labour MP Dame Karen Buck has been hired as Generation Rent’s new chair of the board.

Landlording 'not a real business' says Green politician

Landlording 'not a real business' says Green politician

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News
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Scotland’s Housing Bill has been diluted to keep landlord lobbyists happy rather than focusing on renters’ needs, according to a Green MSP.

Landlord trio given UK's largest ever HMO fine

Landlord trio given UK's largest ever HMO fine

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News
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Three rogue landlords who operated a string of unlicensed and unsafe HMOs across Northampton have been collectively fined a whopping £452,796.

New property 'powerhouse' organisation being planned

New property 'powerhouse' organisation being planned

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News
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The formation of a new ‘powerhouse’ organisation to represent the commercial property sector including build-to-rent and co-living is under way, it has been announced.

Labour confirms plan to force landlords to lease out shops

Labour confirms plan to force landlords to lease out shops

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News
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Labour has confirmed that it will compel landlords of high street shops to rent out their premises if they stand empty for too long.

First dates live for new NRLA Renters’ Rights course

First dates live for new NRLA Renters’ Rights course

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The NRLA is launching a new course, which will guide landlords through the new legislation.

Early signs of a turnaround in commercial property demand

Early signs of a turnaround in commercial property demand

News
News
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Commercial property has been hit hard over the Covid period. Rightmove, with its copious amounts of data, has identified something of a turnaround

Landlord and former estate agent becomes shadow housing secretary

Landlord and former estate agent becomes shadow housing secretary

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News
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A former estate agent who founded one of the UK’s largest property firms has been named by Kemi Badenoch as shadow housing secretary.

Government reveals intiative to build 3,000 rented homes

Government reveals intiative to build 3,000 rented homes

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News
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The Government is to become a significant provider of affordable private sector rental homes with plans to build some 3,000 units under a new name, Habiko.

Landlord pays a high price after forgetting to chase up licence

Landlord pays a high price after forgetting to chase up licence

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News
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A landlord who forgot to chase up a licencing application for her rented property in London has paid a heavy price for her mistake after being ordered to return rent totalling £11,245 to her tenants.

Property licencing schemes should last for ten years, MPs are told

Property licencing schemes should last for ten years, MPs are told

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News
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Comment has been made the Chartered Institue of Health Officers, which says such schemes should be the key tool for improving PRS home quality.

No change to CGT - but four landlords say 'we’re out!'

No change to CGT - but four landlords say 'we’re out!'

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Despite the overall good news, many landlords have remained in brace position and have reached out to exit the market and sell their buy-to-lets.

Stamp duty increase 'will reduce investment in private rented sector'

Stamp duty increase 'will reduce investment in private rented sector'

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News
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Property auctioneers gave revealed its concerns about the Chancellor’s decision to raise Stamp Duty for those who purchase buy-to-let properties.