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Rental market reaching crisis point as 'perfect storm' hits landlords and tenants

Rental market reaching crisis point as 'perfect storm' hits landlords and tenants

News

Landlord Actions Paul Shamplina (main picture) has explained to Radio 4 listeners how an almost broken court system and higher interest rates are driving a rush in Section 21 evictions before rent reform laws kick in. Speaking on the https://www.bbc.co

Tenants pocket �16,000 after landlord and agent's regulatory mistakes

Tenants pocket �16,000 after landlord and agent's regulatory mistakes

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A landlord has failed to convince a court that stress and financial difficulties excused her from paying a rent repayment order. Instead, Jaya Sanahs four tenants will share �16,191 after ahttps://www.landlordzone.co.uk/tag/first-tier-property-tribunal-2...

Details on higher EPC ratings for PRS a long way off, admits energy minister

Details on higher EPC ratings for PRS a long way off, admits energy minister

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Landlords are to wait many more months to find out the details of Government proposals to raise the minimum Energy Performance Certificate for rented properties. Energy minister Andrew Bowie (main picture) has admitted during a Lords debate that progress h

Lloyds Bank's plans to build 'thousands' of rental homes prove over optimistic

Lloyds Bank's plans to build 'thousands' of rental homes prove over optimistic

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Lloyds has grown its rental portfolio to 1,000 properties and has another 700 in the pipeline as it bids to become one of the UKs biggest landlords, albeit far off its original objectives. The bank has some way to go if the publicly-owned institution is to meet its target of

Landlord secures huge victory in �18,000 Rent Repayment Order case

Landlord secures huge victory in �18,000 Rent Repayment Order case

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An Upper Tribunal has slashed a landlords Rent Repayment Order by �16,000 after taking pity during an appeal hearing on her precarious financial position�. A First Tier Property Tribunal https://assets.publishing.service.gov.uk/media/6239f607e90e07799cd3de67/LO

Landlord pays �40,000 fine after large HMO 'put tenants at risk'

Landlord pays �40,000 fine after large HMO 'put tenants at risk'

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A landlord in Norfolk has payed fines totalling �40,000 after he was found to have housed tenants in a way that put tenants at risk. Issues were reported at the Watton property (pictured) to Breckland Council last year, which prompted an inspection by officers who found a block

BREAKING: Landlords face higher mortgage costs as base rate rises by 0.5%

BREAKING: Landlords face higher mortgage costs as base rate rises by 0.5%

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The Bank of England has this lunchtime raised its base rate by 0.5% as the venerable institution fights to bring down inflation, which yesterday was revealed to be sticking stubbornly at 8.7%, way above the bank's target of 2%. Commentators and mortgage holders alike had hoped t

Welsh minister backs review of existing higher stamp duty rates for landlords

Welsh minister backs review of existing higher stamp duty rates for landlords

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Welsh Minister for Climate Change Julie James has backed the NRLAs call for a review of property taxation in the PRS. Speaking at thehttps://www.landlordzone.co.uk/news/breaking-landlords-tell-housing-minister-face-to-face-that-sector-needs-support/" <strong i

Treasury chief says landlords and homeowners 'will not get mortgage help'

Treasury chief says landlords and homeowners 'will not get mortgage help'

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The Treasury has confirmed that it will not introduce tax relief on mortgage interest payments for either homeowners or landlords despite the ongoing mortgage cost crisis. As we https://www.landlordzone.co.uk/news/mortgages-landlord-tells-bbc-how-payments-have-tripled-o

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General Election 2024; Setting the standard

General Election 2024; Setting the standard

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All the major political parties have now released their manifestos ahead of the July general election. Here James Kent, the NRLA’s Chief Innovation Officer, and founder of digital compliance platform Safe2, looks at what they are promising when it comes to PRS property standards and compliance.

Landlord loses appeal against £35,000 licencing fine

Landlord loses appeal against £35,000 licencing fine

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A rogue landlord who was fined £34,640 for having eight unlicensed HMOs has failed in an attempt to have his conviction overturned.

Labour's bidding wars proposal 'impossible' to enforce says legal senior

Labour's bidding wars proposal 'impossible' to enforce says legal senior

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Labour party figures’ desire to end tenant bidding wars is unworkable in practice, while unenforced legislation would not lead to any real improvement, according to a top property lawyer.

WARNING: 'Unintended consequences of leasehold reforms'

WARNING: 'Unintended consequences of leasehold reforms'

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A legal expert has warned that an amendment to the recently-passed Leasehold and Freehold Reform Act that raises the 25% non-residential limit in collective enfranchisement claims to 50% will have serious consequences for mixed-use developments.

NRLA to drop 'landlord' in bid to change public perceptions of sector

NRLA to drop 'landlord' in bid to change public perceptions of sector

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The NRLA is to drop the word ‘landlord’ from its strapline in a bid to change public attitudes of those who rent out and manage properties.

GUIDE: Guarantors in rental agreements - what are they and what to look out for?

GUIDE: Guarantors in rental agreements - what are they and what to look out for?

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Now more than ever, it makes sense to take extra precautions when letting a property. Taking a guarantor or rent guarantee insurance are great ways to protect yourself against rent arrears and other issues in a tenancy

Labour will allow 'bidding wars' but only if tenants start them

Labour will allow 'bidding wars' but only if tenants start them

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The Labour party has clarified that although it will seek to stop agents and landlords encouraging bidding wars, tenants will be allowed to make ‘voluntary’ higher offers above the original rental asking price.

NRLA backs Labour's plan to stop bidding wars for rental homes

NRLA backs Labour's plan to stop bidding wars for rental homes

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The NRLA has backed Labour’s proposal to stop landlords and letting agents enabling ‘bidding wars’ by requiring them to advertise a proposed rent based on market rates, with bids above that figure prohibited.

Landlord to repay tenants £21,500 after Tribunal probe

Landlord to repay tenants £21,500 after Tribunal probe

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Four tenants will share a £21,515 rent repayment order after they took their landlord to court for repeatedly failing to licence his HMO.

NRLA to train social housing providers

NRLA to train social housing providers

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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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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

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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

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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

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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

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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

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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

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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

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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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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

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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

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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

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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

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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?

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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

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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%

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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

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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

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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

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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

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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

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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

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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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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.

Landlord given police caution after assaulting tenant over 'arrears'

Landlord given police caution after assaulting tenant over 'arrears'

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A landlord who reportedly attacked a tenant after he complained about serious disrepairs has been handed a police caution.