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UK house prices falling, mortgage rates rising but some landlords still buying

UK house prices falling, mortgage rates rising but some landlords still buying

News

UK house prices fell by 3.1pc on an annualised basis in the first quarter (Q1) of 2023 and an increase in interest rates have a dampening effect on the market. Inflationary pressures With inflation currently running at 8.7pc (CPI), this is well above the Bank of Engl

Plans to make Airbnb landlords reach same standards as hotels criticised

Plans to make Airbnb landlords reach same standards as hotels criticised

News

Statutory licensing scheme plans for visitor accommodation in Wales have got the thumbs down from many holiday home owners, short-lets landlords and residents. The proposals, which will see all holiday homes, https://www.landlordzone.co.uk/tag/airbnb-landlords/" target=

Leasehold properties becoming harder to sell, landlords warned

Leasehold properties becoming harder to sell, landlords warned

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Heightened consumer awareness combined with a lack of government action has made leasehold property even harder to sell, landlords and home owners have been warned. Despite government pledges and the introduction of the https://www.landlordzone.co.uk/news/advice-are-you

LATEST: Activists attack Renters (Reform) Bill over 'landlord loopholes'

LATEST: Activists attack Renters (Reform) Bill over 'landlord loopholes'

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Loopholes in the Renters Reform Bill around alternative possession grounds leave it open to abuse by unscrupulous landlords, claims a Labour activist and lawyer. A landlord will simply need to demonstrate an intention to use the property to live in or sell before they can

UK landlords with Airbnb properties in EU to pay 20% VAT on rental income

UK landlords with Airbnb properties in EU to pay 20% VAT on rental income

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British landlords who use rental platforms to let holiday homes in the European Union will soon have to pay VAT on their rental income. Under the EUshttps://taxation-customs.ec.europa.eu/taxation-1/value-added-tax-vat/vat-digital-age_en" target="_blank" <strong

TRENDS: Young 'modern tenants' want green, digital landlords

TRENDS: Young 'modern tenants' want green, digital landlords

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Most tenants want their landlords to be green and digital, a poll of some 2,000 renters has revealed. Despite debates about rental supply and rocketing rents dominating the public debate about the private rented sector, software firm MRIs poll found that two thirds want to in

Talks begin on UK-wide ban on landlords advertising property as 'no children'

Talks begin on UK-wide ban on landlords advertising property as 'no children'

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The Scottish and UK governments are working together to prevent landlords banning children from properties after a BBC investigation revealed the practice was still rife. Following the launch of thehttps://www.totallandlordinsurance.co.uk/knowledge-centre/renters-refor

'Huge competition is the key problem for families in PRS, not landlords' says Shamplina

'Huge competition is the key problem for families in PRS, not landlords' says Shamplina

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Paul Shamplina says the key reason why tenants with children are struggling to find rented accommodation is the ongoing supply crisis created by Government intervention in the sector, and the huge competition for properties that it is creating. Speaking to BBC Radi

Sell now before rates cause buyers to scatter and prices to plummet

Sell now before rates cause buyers to scatter and prices to plummet

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The NRLA recently reported that 1 in 3 landlords are going to trim down their portfolios. A whopping 33% of landlords currently selling throughout the UK. Of that 33%, most landlords agreed that they would be willing to take 80% of the value just to get rid of them because mortgage payments

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Landlords' views sought on updating house sale process

Landlords' views sought on updating house sale process

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Landlords are being asked to share their experiences of conveyancing to help strengthen the case for digital property packs.

Ministers debate even tougher rules for holiday let owners

Ministers debate even tougher rules for holiday let owners

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The government is considering a further crackdown on short-term lets in a bid to free up more homes for local people.

Cut corners on inventories at your peril, landlords warned

Cut corners on inventories at your peril, landlords warned

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Landlords and letting agents aren’t carrying out inventory inspections on nearly a third of tenancies, leaving themselves open to disputes.

Landlord tax burden puts the squeeze on maintenance budgets

Landlord tax burden puts the squeeze on maintenance budgets

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Landlords have been warned that cutting maintenance budgets could jeopardise their ability to rent out properties and puts renters at risk.

Court throws out rent-to-rent ruling against superior landlord

Court throws out rent-to-rent ruling against superior landlord

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A landlord has successfully overturned a rent repayment order after he argued he wasn’t responsible for an unlicensed HMO.

Condensation and mould – how can I deal with this knotty problem?

Condensation and mould – how can I deal with this knotty problem?

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It’s that time of year again. The first signs of the UK’s autumn cold arrives as we see more cooling rain and wind, and a noticeable drop in temperature

COMPLIANCE: How staying on top of your responsibilities could avoid five-figure penalties

COMPLIANCE: How staying on top of your responsibilities could avoid five-figure penalties

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A Hastings landlord is counting the cost after failing to provide their local authority with an essential safety certificate – a timely reminder to make sure you’re up-to-date with all your safety certificates.

Renting campaigners call for Labour to go further with reforms

Renting campaigners call for Labour to go further with reforms

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The Renters’ Reform Coalition has called for more radical renter reforms including longer eviction notice periods, longer protected periods free from eviction when a tenancy starts and limits on rent increases during a tenancy.

CGT hike 'to be final nail in rental sector's coffin' claims expert

CGT hike 'to be final nail in rental sector's coffin' claims expert

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News
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A Capital Gains Tax rate change could be the final nail in the PRS coffin as investors ditch bricks and mortar, according to one big financial analyst.

Gove quits parliament, but what did he do for landlords?

Gove quits parliament, but what did he do for landlords?

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Michal Gove will leave the Department for Levelling Up, Housing and Communities having seen his Leasehold and Freehold Reform Bill make it onto the statute book.

Landlord banned for three years from renting properties

Landlord banned for three years from renting properties

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A rogue landlord who let his tenant sleep in a bike store and rented out a crumbling property has been banned from letting houses in England for three years.

Tribunal publishes decision in dispute between tenant and agent

Tribunal publishes decision in dispute between tenant and agent

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A letting agent investigated by the BBC following complaints about the management of a student HMO in Salford has lost his appeal against expulsion from his industry’s trade association.

Councils issue record number of HMO licences

Councils issue record number of HMO licences

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An increase in licensing schemes pushed the number of HMO licences issued in England up to a record-breaking 27,177 last year.

Dismay as renting reforms finally hit the buffers

Dismay as renting reforms finally hit the buffers

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The Renters (Reform) Bill has been abandoned and must now go back to the drawing board after years of uncertainty and political wrangling.

South West properties see strongest tenant demand

South West properties see strongest tenant demand

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Eight in 10 landlords are reporting strong levels of tenant demand, Paragon Bank research has revealed.

All for nothing? General election 'death knell for Tories' renting reforms'

All for nothing? General election 'death knell for Tories' renting reforms'

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The Renters (Reform) Bill is almost dead in the water following the announcement of a 4th July general election which probably won’t leave time for it to become law before Parliament is dissolved next Thursday.

Comment: The Labour Party is at odds with itself over rent controls, just how effective are they?

Comment: The Labour Party is at odds with itself over rent controls, just how effective are they?

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The threat of rent control still lingers, despite Labour claiming the party policy goes against it, landlords still leaving...

Experts pour cold water on Welsh rent controls plans

Experts pour cold water on Welsh rent controls plans

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The Welsh Government should reinforce existing legislation, remove barriers to building more adequate homes and improve how it collects data instead of bringing rent controls into the housing debate, according to Propertymark.

Northern Mayor vows to seize properties from rogue landlords

Northern Mayor vows to seize properties from rogue landlords

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New North East mayor Kim McGuinness has vowed to seize properties from irresponsible landlords as part of her plan to stand up for renters.

Right to Rent rules relaxed to help landlords and agents

Right to Rent rules relaxed to help landlords and agents

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Changes to the EU Settlement Scheme mean tenants granted pre-settled status can continue to prove their right to rent easily while landlords will be better able to check their immigration status.

Sunak names date for election as 55% of landlords revealed 'undecided'

Sunak names date for election as 55% of landlords revealed 'undecided'

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Landlords are likely to be targeted heavily by political parties as new research shows most remain undecided following Rishi Sunak’s decision to go for a July 4th General Election.

Council to 'educate' renters in person if they live within new licencing areas

Council to 'educate' renters in person if they live within new licencing areas

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Gateshead plans to include a third of its private rented properties in a selective licencing scheme that also aims to improve tenants’ wellbeing and prompt landlords to boost energy efficiency.

Housing minister slammed over failure to weed out rogue letting agents

Housing minister slammed over failure to weed out rogue letting agents

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A cross-party group of peers has attacked the government for sidestepping its proposals to clamp down on rogue letting agents.

Tenants should face consequences if they don't pay the rent, say landlords

Tenants should face consequences if they don't pay the rent, say landlords

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Landlords are less worried by the Government’s looming Renters (Reform) Bill and more concerned about the financial squeeze they face including tenants who don’t pay their rent, a new poll reveals.

160,000 rented homes 'disappear' from rental market

160,000 rented homes 'disappear' from rental market

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At least 163,000 privately rented properties disappeared from the market between 2019 and the end of 2023 as the number of landlords selling up outstripped purchases.

Legal Matters: Your Section 21 notice – is it valid?

Legal Matters: Your Section 21 notice – is it valid?

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Serving a Section 21 notice - you need to be meticulous in your preparation, making sure you have complied faultlessly with all the regulations

Ending fixed-term tenancies 'doesn't make sense' says Foxtons

Ending fixed-term tenancies 'doesn't make sense' says Foxtons

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A big lettings agency has questioned why the government is set on pursuing the end to fixed term tenancies, while ignoring the needs of landlords and tenants.

Labour report says tenants should be given 'rights charter'

Labour report says tenants should be given 'rights charter'

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A Labour-commissioned review of the private rented sector has called for a new renters’ charter to strengthen tenants’ rights and a mandatory National Landlords Register to help enforce compliance.

London landlords to repay tenants £45,000 after Tribunal decisions

London landlords to repay tenants £45,000 after Tribunal decisions

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Three London landlords are to pay over £45,000 in rent back to their tenants following separate Tribunal decisions, highlighting the increasing risks of Rent Repayment Orders as renters become more aware of the huge sums that are often involved.

Council launches licencing despite 'NO' from 73% of landlords

Council launches licencing despite 'NO' from 73% of landlords

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The London Borough of Lambeth is to launch a £923 per property selective licencing scheme in four wards this September after a lengthy consultation period that began in December last year.

EXCLUSIVE: Landlord reveals why his green upgrade cost £150,000

EXCLUSIVE: Landlord reveals why his green upgrade cost £150,000

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A landlord who raised a rental property's EPC from a band F to an A has urged others to make energy efficiency improvements that benefit both their property and their tenants.

Controversial landlord given suspended sentence over harrassment

Controversial landlord given suspended sentence over harrassment

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Controversial landlord Fergus Wilson has been handed a suspended prison sentence after being found in contempt of court for breaching an injunction preventing him from harassing staff and councillors at Ashford Borough Council.

Northern council green lights £653 selective licencing scheme

Northern council green lights £653 selective licencing scheme

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Stockton on Tees councillors have given the green light to a new selective licensing scheme covering three areas of the borough.

Rising rents 'disincentivising tenants to move home'

Rising rents 'disincentivising tenants to move home'

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Tenants are now facing bigger rent rises when they renew their contract than when they move into a new rental home.