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Cut your losses says landlord: Why this month’s mortgage rates are causing landlords to sell

Cut your losses says landlord: Why this month’s mortgage rates are causing landlords to sell

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If you were looking for a sign on whether or not to downsize or expand your property portfolio, this weeks’ news provided mixed messages on how landlords might be affected by Buy-to-let (BTL) mortgage rates.

Introducing Portfolio

Introducing Portfolio

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More than 5,000 landlords are now managing their properties using the NRLA’s new Portfolio platform. Here James Kent, the NRLA’s Chief Innovation Officer, and founder of digital compliance platform Safe2, explains more about the platform, and how it can work for you.

Chancellor confirms no-fault Section 21 evictions ban

Chancellor confirms no-fault Section 21 evictions ban

News

Chancellor Rachel Reeves has today revealed Labour’s post-election plans to get the housing market moving but also confirms Section 21 evictions will go.

Khan eyeing more housing powers after Labour victory

Khan eyeing more housing powers after Labour victory

News

London Mayor Sadiq Khan is confident he will be able to push ahead with a massive house building programme in the capital and new powers to control the housing market.

Landlord in hot water over 'no WFH' rental advert

Landlord in hot water over 'no WFH' rental advert

News

A landlord has got into hot water for telling prospective tenants that they’re not allowed to work from home.

Coroner calls for landlord register following tenant death

Coroner calls for landlord register following tenant death

News

A coroner has called on the government to set up a private landlord register in England after the mould-related death of a tenant.

Britain's youngest MP makes shock promise to campaign for tenants

Britain's youngest MP makes shock promise to campaign for tenants

News

The UK’s youngest MP Sam Carling has revealed that he will work in parliament to improve the lot of renters following his shock victory in the General Election.

Matthew Pennycook appointed as Labour housing minister

Matthew Pennycook appointed as Labour housing minister

News

Landlords may be relieved to hear that a Labour MP with experience of the private rented sector has been appointed to the Government.

TOM’s tips - Setting-up a new tenancy correctly

TOM’s tips - Setting-up a new tenancy correctly

Information

Experienced landlord Tom Entwistle, who has been letting property since the 1970s, gives some tips based on his experience when setting-up a new tenancy

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TOM'S GUIDE: Doing risk assessments

TOM'S GUIDE: Doing risk assessments

Information
News
Podcast
Opinion
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Information

A fire risk assessment is a mandatory requirement for HMOs and some commercial landlords

Landlords to see '6.5% rise in rental income this year'

Landlords to see '6.5% rise in rental income this year'

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News
Podcast
Opinion
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Information

Rental prices will continue to increase during the next three months, predicts agent Knight Frank which has revised its growth forecasts for 2023 to 6.5%, with a further 5% expected in 2024.

Landlord chief says Tory rented sector policies a 'failure'

Landlord chief says Tory rented sector policies a 'failure'

News
News
Podcast
Opinion
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Information

The gloves are off among landlords after NRLA chief Ben Beadle today said figures showing 25 tenants chasing each available rental property are proof Tory policies have been a ‘failure’.

Scottish consultation on renting reforms 'unfair and too narrow'

Scottish consultation on renting reforms 'unfair and too narrow'

Opinion
News
Podcast
Opinion
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The Scottish government’s PRS reform consultation does not give landlords and agents the ability to get their views across, according to the boss of automated rental payment firm PayProp UK.

EXCLUSIVE: Big city reveals plans to expand selective licencing

EXCLUSIVE: Big city reveals plans to expand selective licencing

News
News
Podcast
Opinion
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Information

Manchester landlords look set to face more selective licencing after the council revealed it was recruiting a project manager to research new licensing areas.

Rogue landlord handed maximum £30,000 fine

Rogue landlord handed maximum £30,000 fine

News
News
Podcast
Opinion
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A rogue landlord has been handed the maximum £30,000 fine after 17 people were found living in a four-bedroom house which posed a fire risk to its vulnerable tenants.

Generation Rent: Rishi's EPC U-turn 'cruel and reckless'

Generation Rent: Rishi's EPC U-turn 'cruel and reckless'

News
News
Podcast
Opinion
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Information

Generation Rent has labelled Rishi Sunak’s EPC upgrade U-turn as “cruel, disproportionate and reckless”, forcing many renters to suffer poor health in cold homes for years to come.

Council makes unusual move to stop licencing small HMOs

Council makes unusual move to stop licencing small HMOs

News
News
Podcast
Opinion
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Information

Bath has made the unusual decision to ditch its additional licensing scheme because it has done such a good job of improving standards.

PIX: Terrible conditions in homes owned by banned landlord

PIX: Terrible conditions in homes owned by banned landlord

News
News
Podcast
Opinion
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Information

A slum landlord in Sheffield has been given the longest banning order ever after being prevented from managing or letting properties for ten years.

Embrace landlords instead of attacking them, leader urges politicians

Embrace landlords instead of attacking them, leader urges politicians

News
News
Podcast
Opinion
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Information

A leading private rented sector figure has called on both the Scottish and English governments to embrace landlords as part of the solution to problem within both countries housing markets.

NRLA to train social housing providers

NRLA to train social housing providers

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News
Podcast
Opinion
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Information

Our award-winning Training Academy is set to expand its offer this summer, launching bespoke training courses for social housing providers.

Leading lettings portal warns rent controls will be 'disastrous'

Leading lettings portal warns rent controls will be 'disastrous'

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News
Podcast
Opinion
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One of the largest letting agencies in Scotland has warned within a new report that the SNP’s continued efforts to introduce tougher rent controls will have a ‘disastrous’ impact on an already struggling private rented sector.

Surrey council does U-turn on restrictions for smaller HMOs

Surrey council does U-turn on restrictions for smaller HMOs

News
News
Podcast
Opinion
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Information

A council in Surrey is getting reading to restrict landlords seeking to convert houses into small HMOs next year.

BOOMING: London luxe rentals that cost £25,000 a week

BOOMING: London luxe rentals that cost £25,000 a week

News
News
Podcast
Opinion
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Information

London’s super-luxe landlords have seen a big boom in £25,000-a-week rentals as taxation fears have prompted the wealthy to rent rather than buy.

NEW: Labour now has more landlord MPs than Tories

NEW: Labour now has more landlord MPs than Tories

News
News
Podcast
Opinion
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Information

Three of the top five landlords in parliament are now Labour MPs, including the biggest landlord, new MP Jas Athwal.

Property dealer to pay £700,000 after court case

Property dealer to pay £700,000 after court case

News
News
Podcast
Opinion
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Information

A property dealer who was involved in dealings with a controversial property investment company, Home Reit, has been ordered by a court to pay £700,000 to an intermediary.

Labour confirms national registration scheme for short lets

Labour confirms national registration scheme for short lets

News
News
Podcast
Opinion
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Information

A mandatory short-lets registration scheme and tougher planning laws look set to take effect soon in England.

Seasoned landlord apologises over £19,000 licencing error

Seasoned landlord apologises over £19,000 licencing error

News
News
Podcast
Opinion
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Information

A landlord firm which tried to argue that its agent was responsible for failing to organise an additional HMO licence has been handed a £19,753 rent repayment order.

Booking.com under fire over 'ghost' and 'scam' properties

Booking.com under fire over 'ghost' and 'scam' properties

News
News
Podcast
Opinion
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Information

A holiday lets platform used by thousands of landlords to generate income has come under fire over ‘ghost’ properties.

'Labour nightmare for landlords! No rent? Well, you can’t evict or sell now'

'Labour nightmare for landlords! No rent? Well, you can’t evict or sell now'

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News
Podcast
Opinion
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Information

There is some uncertainty to what it actually means in practice until the details are written down but could the proposed hardship test mean even if your tenants won’t pay their rent, you will not be able to evict them if that makes them homeless or financially disadvantaged?

Big council takes unusual new role 'policing' all privately rented homes

Big council takes unusual new role 'policing' all privately rented homes

News
News
Podcast
Opinion
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Information

North Yorkshire Council has adopted a new housing enforcement policy to ensure all private rental properties across the county are up to scratch, the first time this has happened.

Tenant remanded in custody after landlord's death

Tenant remanded in custody after landlord's death

News
News
Podcast
Opinion
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Information

A tenant accused of murdering her landlord and stabbing his cat to death has been remanded in custody.

NEW: 'Dream home' raffle helps tenants pay their rent

NEW: 'Dream home' raffle helps tenants pay their rent

News
News
Podcast
Opinion
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Information

A property raffle has just handed out another £500,000 to a lucky winner to buy their dream house.

Council slammed for breaking property licencing scheme rules

Council slammed for breaking property licencing scheme rules

News
News
Podcast
Opinion
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Information

Hackney Council has been called out for continuing to process additional and selective landlord licence applications five months after both schemes ended.

Will the commercial property market revive soon?

Will the commercial property market revive soon?

News
News
Podcast
Opinion
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Information

The UK commercial real estate sector has faced significant challenges recently due to changing trends, will recent signs of a turnaround continue?

Rogue landlord and agent first to be banned from PRS in Essex

Rogue landlord and agent first to be banned from PRS in Essex

News
News
Podcast
Opinion
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Information

A rogue landlord and also letting agent who let out grotty and overcrowded properties has been handed the first banning order in Essex.

Number of tenants looking for properties to rent drops 39%

Number of tenants looking for properties to rent drops 39%

News
News
Podcast
Opinion
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Information

Rental growth has slowed to its lowest level for nearly three years while demand has dropped by 39% during the past 12 months.

Northern city named best BTL hotspot with 13.1% gross yield

Northern city named best BTL hotspot with 13.1% gross yield

News
News
Podcast
Opinion
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Information

As house prices have risen sharply in recent decades, many had thought that the sub-£100,000 house that returned double-digit gross returns had gone for good.

Scottish rent rises top charts after controls end

Scottish rent rises top charts after controls end

News
News
Podcast
Opinion
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Information

The Scottish government’s failure to plan for the end of temporary rent controls has led to rents rising faster than in most other parts of the UK.

Generation Rent boss urges landlords to absorb costs

Generation Rent boss urges landlords to absorb costs

News
News
Podcast
Opinion
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Information

Landlords can bear the brunt of longer notice periods due to charging high rents, according to Generation Rent.

Manx council moves to restrict holiday let growth

Manx council moves to restrict holiday let growth

News
News
Podcast
Opinion
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Information

An Isle of Man village has become the latest authority to clamp down on the growth in short-term lets.

NEW: Councillors vote through selective licensing and higher fees

NEW: Councillors vote through selective licensing and higher fees

News
News
Podcast
Opinion
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Information

Burnley councillors have recommended that its three selective licensing schemes covering some 2,000 homes be extended for another five years following a three-month-long consultation. The schemes in Burnley Wood and Healey Wood, along with the Leyland Road area of the town, were

NEW: Royal family make £1.4m a year from holiday lets

NEW: Royal family make £1.4m a year from holiday lets

News
News
Podcast
Opinion
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Information

The Royal Family could be raking in £118,775 each month from their holiday let portfolio, adding up to a lucrative annual rental income of more than £1.4 million.

3,000 landlords are under 21 years old, reveals finance data

3,000 landlords are under 21 years old, reveals finance data

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News
Podcast
Opinion
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Information

Gen Z are rushing to invest in buy-to-let property, with more than 3,000 buy-to-let landlords in the UK now under the age of 21.