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Extra costs and red tape hitting landlords hard, mortgage chief warns

Extra costs and red tape hitting landlords hard, mortgage chief warns

News

Politicians and lobby groups are likely to continue blaming private landlords for the housing shortage largely created by the hostile regulatory environment imposed by the same politicians who want even more draconian laws, finds a new report. One of the most bizarre aspects of

Council cracks down on illegal HMOs with surprise inspections

Council cracks down on illegal HMOs with surprise inspections

News

Two unlicensed HMOs have been discovered during unannounced inspections by a council in the North, which says more 'surprise visits' are on the cards. <figure id="" class="w-richtext-figure-type- " data-rt-type="" data-rt-align=""><div><img src="https://cdn.prod.website-files.com/63bef2f3c3

BREAKING: Landlords tell housing minister face-to-face that sector needs support

BREAKING: Landlords tell housing minister face-to-face that sector needs support

News

Landlords in Wales have called for the countrys government to make more effort to encourage private investment in the sector during a face-to-face meeting with housing minister Julie James. The National Residential Landlords Association (NRLA) has asked her government to exem

Less that 20% of PRS homes within LHA rates reveals shocking research

Less that 20% of PRS homes within LHA rates reveals shocking research

News

Fewer than one in five private rental properties in England were within the Local Housing Allowance (LHA) rates last year, according to new joint research by the Chartered Institute of Housing and Shelter . The groups say the average

Leading property figure calls for 'tenancy register' in England and Wales

Leading property figure calls for 'tenancy register' in England and Wales

News

The government has missed a trick by not introducing a tenancy register instead of an anti-landlord landlord register, one property consultant has claimed. Blackbird Real Estate founder https://www.richard-berridge.co.uk/" target="_blank" Richa

EXCLUSIVE: Conveyancer reports big drop in landlords buying BTL properties

EXCLUSIVE: Conveyancer reports big drop in landlords buying BTL properties

News

The number of BTL investors buying properties has plummeted in the last six months while long-term landlords are selling up, according to one large conveyancing firm. Basildon-based https://pcslegal.co.uk/" PCS Legal

Business ratepayers will have to report any changes, and annually, under new bill...

Business ratepayers will have to report any changes, and annually, under new bill...

News

The Non-Domestic Rating Bill going through Parliament (House of Lords) will require business ratepayers to report any changes and also report annually to the Valuation Office Agency (VOA). These changes to the operation of business rates will apply to all organisations responsib

BLOG: Why abolishing Section 21 isn't all bad news for landlords

BLOG: Why abolishing Section 21 isn't all bad news for landlords

Opinion

Yesterday I spoke to a room of 200 anxious landlords.&nbsp;The uncertainly surrounding the Renters (Reform) Bill really has whipped the housing market into a frenzy with landlords serving notices, selling up and exiting the sector in their droves.&nbsp; The mere thought of Sect

TURMOIL: NatWest reveals rate rises for fixed-rate landlord mortgages

TURMOIL: NatWest reveals rate rises for fixed-rate landlord mortgages

News

��Lender NatWest has been called out by commentators after it announced significant increases to its landlord mortgages. The bank, which is till 38% Government owned, announced late yesterday that it was increasing the interest rates it charges on a range of home loans, includ

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Former minister who ushered in unpopular 'evictions ban' seeks Tory leadership

Former minister who ushered in unpopular 'evictions ban' seeks Tory leadership

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Former housing secretary Robert Jenrick who brought in the controversial 'evictions ban' during Covid has joined the Conservative party leadership race.

EXCLUSIVE: Senior figures slam ongoing court delays for landlords

EXCLUSIVE: Senior figures slam ongoing court delays for landlords

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Two leading figures from the private rented sector have slammed the ongoing nightmare many landlords are facing when waiting for evictions to pass through the courts.

Shelter calls for radical changes for landlords, but will Labour listen?

Shelter calls for radical changes for landlords, but will Labour listen?

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Shelter has called for indefinite tenancies as well as rent increases restricted to once a year and limited to a rise either in line with inflation or wage growth. 

Is Labour about to give councils full powers to licence landlords?

Is Labour about to give councils full powers to licence landlords?

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Housing minister Matthew Pennycook has hinted heavily that councils will be given powers to introduce large licencing schemes without his approval as part of Labour’s push for greater devolution.

REVEALED: Real cost of making a property energy efficient

REVEALED: Real cost of making a property energy efficient

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While the new Labour government has talked about making rented homes more energy efficient, one company has shone a light on how much it will cost landlords to achieve it.

Lettings agency chiefs call for minimum property standards

Lettings agency chiefs call for minimum property standards

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New minimum standards for rental properties and industry training are needed to improve quality and safety in the PRS, the government has been told.

Landlord to return £800 deposit over jaw-dropping contract clause

Landlord to return £800 deposit over jaw-dropping contract clause

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A landlord who tried to charge a prospective tenant for having overnight guests has been ordered to repay the holding deposit.

Certainty needed on energy efficiency targets

Certainty needed on energy efficiency targets

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James Kent, the NRLA’s Chief Innovation Officer, and founder of digital compliance platform Safe2, explains why landlords need to know where they stand sooner rather than later.

Scandal hit social housing REIT winding down

Scandal hit social housing REIT winding down

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Home REIT, the investment trust marketed as the dream scheme to house the homeless is folding with extensive debts and legal claims. 

MPs say private landlords must face same rules as social housing

MPs say private landlords must face same rules as social housing

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Select committee report is arguing for a change in the law to force private landlords to have to fix mould within days

New ombudsman will join forces with partner scheme

New ombudsman will join forces with partner scheme

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The government has revealed more details about how the new Private Rented Sector Ombudsman Service will work in practice.

MPs want landlords to sort out mouldy PRS homes

MPs want landlords to sort out mouldy PRS homes

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A cross-party group of MPs says a crackdown on social landlords to tackle damp and mould should be extended to tenants in the private rented sector.

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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News
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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.