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Anti-money laundering legislation to apply to letting agents

Anti-money laundering legislation to apply to letting agents

News

The Government thinks that the risk of money laundering taking place in estate agency is on the rise, especially in high-end lettings - the top 5% of lets in value. However, there is a lot of uncertainty as to the full scale of money laundering in lettings says ARLA Propertymark. <p id="

Case Law: planning law and the right to light

Case Law: planning law and the right to light

News

In Beaumont Business Centres Ltd v Florala Properties Ltd (2020) the High Court considered the legal position regarding a serviced office providers right to light following an adjoining apathotel development. Beaumont Business Centres Limited took out an injunction against Fl

Test Case: Landlord's consent with mutual and absolute covenants

Test Case: Landlord's consent with mutual and absolute covenants

News

In this case - Duval v 11-13 Randolph Crescent Ltd - reached the Supreme court in May 2020 after a tenant in a block of flats had requested the landlords consent for alterations, but disputed by another tenant in the same block, objecting to the landlord giving consent. Under

Why does it feel like the Tories have turned on landlords? Here's one answer

Why does it feel like the Tories have turned on landlords? Here's one answer

News

Whatever their politics, many landlords are wondering why successive Conservative governments have proved to be so hostile to buy-to-investors, given its former party of the landlord moniker. This includes the 3% stamp duty increase, Section 24 tax relief reductions, the a

David Coughlin: how I escaped recession era Liverpool to build a 100-property portfolio

David Coughlin: how I escaped recession era Liverpool to build a 100-property portfolio

News

David Coughlins journey from the son of an unemployed Bootle docker to a 100-property portfolio landlord is one of the private rental markets more extraordinary journeys. Now pushing fifty years old, it was in his mid-20s that he began investing in property. Co

Queen evicts couple over �32 bill, revealing Royal Household is exempt from evictions ban

Queen evicts couple over �32 bill, revealing Royal Household is exempt from evictions ban

News

Landlords might feel slightly peeved to discover that the Queen is exempt from the current eviction ban. As a landlord, her Majesty rents out a number of Royal Household properties, but unlike every other landlord in the UK whos up against the evictions ban until next year, s

TV property tycoon rejects claim he's a 'notorious rogue landlord'

TV property tycoon rejects claim he's a 'notorious rogue landlord'

News

Multi-millionaire property tycoon Andrew Panayi (pictured, above) has hit back at councillors who dubbed him a notorious rogue landlord�. Islington Council refused planning permission for a two-bedroom flat in Londons Caledonian Road, submitted by Panayi who infamously,

LATEST: Disappeared guest house investment couple re-emerge in Oz

LATEST: Disappeared guest house investment couple re-emerge in Oz

News

A property investment guru couple who disappeared leaving disappointed participants in their investment schemes puzzled as to their whereabouts have popped up as spiritual leaders in Australia. Marta and Lloyd Smith - now known as Riya Loveguard and Aeron Lazar - ran Home

Landlords must 'go green' as government reveals gas boiler ban for rented properties

Landlords must 'go green' as government reveals gas boiler ban for rented properties

News

The Government is to phase out gas by 2035 as part of its green ten-point plan announced this week, meaning millions of boilers across the private rented sector are on borrowed time. CEO of the Chartered Institute of Plumbing and Heating Engineering (CIPHE), Kevin Wellman, under

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RICS member agents predict growing rental shortages

RICS member agents predict growing rental shortages

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RICS survey predicts growing shortage of rental properties. Demand is predicted to grow while supply declines.

HMO planning register rejected in East of England

HMO planning register rejected in East of England

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Councillors in Ipswich have rejected plans for a register of all HMO licensing applications in the town.

Renting reforms will pose 'serious risk' to self-managing landlords

Renting reforms will pose 'serious risk' to self-managing landlords

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Landlords face considerable risks from self-managing their properties when the Renters’ Rights Bill goes live, according to a letting agent expert.

Rent controls will backfire, landlords warn Scots ministers

Rent controls will backfire, landlords warn Scots ministers

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Scotland’s landlords and letting agents have warned that the country’s imminent rent controls will backfire.

Rent rewards app urges tenants to pay by card not BACS

Rent rewards app urges tenants to pay by card not BACS

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Landlords could soon be paid their rent via credit cards rather than bank transfer after a Spanish company said it plans to launch in the UK.

Renters' Rights Bill - a month on, what's happened?

Renters' Rights Bill - a month on, what's happened?

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It's been just over a month since I last penned my thoughts for LandlordZONE, and in that brief period, the private rental sector has continued to evolve at rapid pace.

Landlord to pay £64,000 fine over 'hidden' HMO

Landlord to pay £64,000 fine over 'hidden' HMO

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A rogue landlord has been handed a whopping £64,000 fine after he was found renting a five-bedroom house to 13 people.

House raffle boss slams UK's 'unaffordable' rental market

House raffle boss slams UK's 'unaffordable' rental market

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A prize company CEO says the UK’s rental stock shortage is driving tenants’ anxiety about rent rises.

Online repairs service for self-managing landlords launched

Online repairs service for self-managing landlords launched

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A new online property maintenance platform aims to help landlords stay on top of repairs, raise standards and attract and retain good tenants.

Mortgage broker's new look marks its evolution

Mortgage broker's new look marks its evolution

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Buy-to-let intermediary Mortgages for Business is rebranding as Mortgage Finance Brokers (MFB) to reflect its more inclusive approach.

Growing demand means 1 million extra homes are needed in England & Wales

Growing demand means 1 million extra homes are needed in England & Wales

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1 million extra homes will be needed in England and Wales to house singles and families – this is a continually growing market for the private rented sector.

NRLA backs MPs' pragmatic plans for Renters Reform Bill

NRLA backs MPs' pragmatic plans for Renters Reform Bill

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Tory MPs have tabled a raft of amendments to the Renters Reform Bill to ensure it works for the whole private rented sector.

Surveyors call for government action to tackle PRS woes

Surveyors call for government action to tackle PRS woes

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Property surveyors across the UK have reported a slowdown in tenant demand along with continued levels of diminishing stock.

Rogue letting agent used 'smokescreen' to conceal ownership

Rogue letting agent used 'smokescreen' to conceal ownership

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Four tenants have lost their £309,000 claim for harassment but won a £21,160 rent repayment order for living in an unlicensed flat.

January sees a new surge of landlords selling their portfolios for higher prices than 2023

January sees a new surge of landlords selling their portfolios for higher prices than 2023

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There’s good news for landlords who have postponed selling their rental properties despite falling profits and new legislation making the private rental sector less appealing to most landlords.

Inflation rate surprise to delay mortgage interest rate drop for landlords

Inflation rate surprise to delay mortgage interest rate drop for landlords

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Landlords could have to wait slightly longer for the pressure on mortgage rates to ease after the annual rate of inflation hit 4% last month.

Record rent rises revealed by latest official PRS data

Record rent rises revealed by latest official PRS data

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UK rents increased by 6.2% in the year to December 2023 - the joint highest annual percentage change since 2016.

MPs told Commonhold is best replacement for leasehold

MPs told Commonhold is best replacement for leasehold

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Experts and campaigners giving evidence to the Leasehold and Freehold Reform Bill committee have endorsed a commonhold system.

Landlord slams 'over the top' DWP demands on tenants

Landlord slams 'over the top' DWP demands on tenants

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Tenants across the UK are being asked to comply with an extensive fraud checklist to confirm their eligibility for Universal Credit.

Landlords in Wales not obliged to flag homelessness risk

Landlords in Wales not obliged to flag homelessness risk

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Propertymark has welcomed the Welsh government’s commitment that private landlords shouldn’t have to refer tenants at risk of homelessness.

Family build-to-rent urged to meet PRS shortfall

Family build-to-rent urged to meet PRS shortfall

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Up to one million new rental homes will be needed to accommodate growing demand by 2031, particularly from young families, across England and Wales.

Fewer tenancies trigger letting agency closures

Fewer tenancies trigger letting agency closures

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Almost 2,000 letting agent branches shut up shop last year which meant 2023 ended with 659 fewer branches on the high street.

Funding concerns continue to stall retrofit plans

Funding concerns continue to stall retrofit plans

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Nearly a fifth of landlords believe the government should prioritise better access to finance so they can carry out retrofitting plans.

More landlords in cost-saving drive to incorporate

More landlords in cost-saving drive to incorporate

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A record 50,004 limited BTL companies were set up last year, driven by landlords looking to shelter themselves from higher interest rates.

Landlords told to fix mouldy homes within 24 hours 

Landlords told to fix mouldy homes within 24 hours 

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Michael Gove says that under Awaab’s Law, social housing landlords must deal with condensation issues without delay.

What is in store for landlords in 2024?

What is in store for landlords in 2024?

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Get ready for an intriguing year ahead in 2024, particularly if you're a hands-on landlord, as several forthcoming announcements are poised to reshape the landscape of property management.

Court agrees a vital new 'green lease' clause

Court agrees a vital new 'green lease' clause

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The importance of keeping commercial lease clauses up-to-date with changes in new legislation, in particular there's one clause that should be inserted into every commercial lease to take account of the new energy efficiency rules. Under the Landlord

Tribunal rules tenant at fault for safety check breach

Tribunal rules tenant at fault for safety check breach

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A landlord who was unable to conduct an electrical safety check due to his hoarding tenant has had a £3,500 fine quashed.

Commercial landlords to get more EPC breathing space

Commercial landlords to get more EPC breathing space

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The government has confirmed that commercial landlords won’t have to meet a proposed 2025 deadline to raise their properties to an EPC band C.

Tech tie-up helps tenants report rent payments

Tech tie-up helps tenants report rent payments

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CreditLadder has teamed up with Digital ID Connect so app users can report rental payments into credit reference agencies.

Rent fall 'no breakthrough' in challenging market

Rent fall 'no breakthrough' in challenging market

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Monthly rental costs fell by 0.9% across the UK during December and by 2.2% in Greater London - one of the biggest drops seen in 2023.

No law on cards for private landlords to tackle mould

No law on cards for private landlords to tackle mould

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The government has rejected calls for private landlords to be given similar deadlines to the social housing sector for dealing with damp and mould.

New year brings change in top jobs at NRLA

New year brings change in top jobs at NRLA

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The NRLA has made two top-level appointments to bolster its service at the start of a crucial year.

Letting agencies join forces to create franchise supergroup

Letting agencies join forces to create franchise supergroup

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The Property Franchise Group (TPFG) and Belvoir Group have agreed to a merger to create a wide-reaching property franchise business.