A landlord who rented out his unlicensed, seven-bedroom HMO to 13 tenants has been ordered to pay £3,000.
In February the average BTL mortgage rate fell to 5.5% which is the lowest since September 2022.
Landlord and tenant groups have welcomed proposals by MPs on the Work and Pensions Select Committee to introduce an annual ‘uprating guarantee’ to the Local Housing Allowance (LHA).
Only one in five (18%) landlords understand the Renters (Reform) Bill, while just 3% have read guidance surrounding the legislation, according to a new Propertymark poll.
The Guardian suggests that Government may start to veer towards a “surprisingly simple solution to the UK housing crisis” which could see them squeeze landlords further, blaming them for the current housing crisis affecting home-buyers.
A new report published today claims that 390,000 jobs rely on the private rented sector as critics of the sector, including the Guardian newspaper, have called for it to be shrunk or abolished entirely.
Landlords in Oxford who fail to sign up to the city’s licensing scheme are being threatened with fines and enforcement action after a year of relative ‘grace’.
Falling UK inflation could herald some good news for BTL landlords over the coming months, according to mortgage experts.
Until recently landlords only had to concern themselves gas safety checks - but now all residential landlords or their agents must arrange for regular electrical safety checks (every 5 years)
We’ve all seen the headlines, from mixed-message articles to advice from experts and landlords, but if now REALLY is the best time to sell, how can we ensure we’re getting the highest amount in the fastest time?
Letting agents are concerned that increasing numbers of landlords are exiting the market.
The capital’s rental market continues to show signs of slowing down, with prices rising by just 1% year-on-year in May while the number of viewing request per property has dropped too.
Fergus Wilson has questioned whether new Reform UK leader Nigel Farage would restore Landlord Tax to the previous headline rate and put Capital Gains Tax down to a flat 10% for all landlords - the level of tax paid if held in a company.
Generation Rent has called for private rented homes to be brought into public or tenant ownership in its list of demands for the next government.
The rise of ‘built-to-rent’ homes as a major competitor for tenants with private landlords took a leap forward this week after two US firms revealed they had bought 1,750 homes off a UK builder that will now be rented out rather than sold.
When the terms of a commercial renewal lease cannot be varied in the agreed between the parties, according to the provisions of the Landlord and Tenant Act 1954
Nearly a quarter of mortgages on mid-rise flats required an ESW1 form this year, despite government promises that leaseholders in these blocks affected by the cladding scandal would no longer need one when selling or remortgaging.
Labour is likely to reintroduce the Renters (Reform) Bill in a similar form if it wins the election and has already confirmed its view that the court process needs speeding up.
Signs that the Government’s assault on landlords coupled with higher mortgage costs are chasing more out of the market than usual have come from the Royal Institute of Chartered Surveyors (RICS) this morning.
Tory MP and former cabinet minister Theresa Villiers (main picture) has warned her own Government that the ongoing delays within the court system risk persuading more landlords to leave the sector and worsen the already acute rented home supply problem.
Coventry Council is hailing its crackdown on unlicensed HMOs a success after it fined landlords more than £100,000 in just two of the city’s streets.
A notorious rogue landlord and his property management company have been handed a staggering £480,000 fine for renting out an HMO so damp that mushrooms were growing on the upper floors.
The UK’s housing market is past ‘peak pain’ after a rollercoaster 12 months and is forecast to grow by 17.9% – equivalent to a £45,521 gain on the average home – within five years.
A legal expert has warned that landlords face prosecution for running illegal HMOs if tenants follow Airbnb’s suggestion that they sub-let their homes.
King Charles has heralded the government’s commitment to the Renters Reform Bill in his first King’s speech as monarch.
Homes bought by landlords to rent out via short-let contracts create gross returns of between 12% and 20%, an estate agency has claimed.
Will the Renters (Reform) Bill progress and ban Section 21, despite mounting opposition from Conservative back-benchers?
A rogue landlord firm has been handed a £18,300 fine for letting out an unsafe, unlicensed property - only three months after being fined for the same offence in the same building.
New leasehold reform legislation faces tough scrutiny from MPs and leasehold groups who are frustrated by an expectation that it will only cover houses, not flats.
A third of landlords who own rental property in their personal name plan to incorporate their portfolio into a limited company structure within the next three years, according to Paragon Bank.
Rogue landlords who assume they can convert outbuildings into ‘sheds with beds’ have been reminded of the likely fines they will face following a shocking case in Hertfordshire.
The Prime Minister has confirmed that the Renters Reform Bill will be carried over to the next Parliament, as part of this week’s King’s Speech.
The National Landlords Association (NRLA) has backed claims that the buy-to-let sector faces a significant subletting epidemic following an investigation by a national newspaper.
Plans to phase out leaseholds, a reform is to feature in the King’s Speech on 7 November
A professional landlord who tried to dodge responsibility for his HMO has been ordered to pay two former tenants more than £10,000.
Edinburgh councillors have declared a housing emergency in a bid to force Holyrood to boost funding.
Private tenants in England were most likely to face a rent hike in the last year, while tenants in Wales saw a larger average increase.
Average income from UK property remained relatively stable at about £16,700 between 2017/18 and 2021/22, according to the latest HMRC data.
Encouraging tenants to fit a smart meter should be a top priority for landlords as a way to help them stay debt-free, according to one energy expert.
Anyone investing in commercial property, from small retail shops to offices and workshops should have an understanding of this legislation - the Landlord and Tenant Act 1954
Scottish landlords have vowed to fight on after losing a judicial review of legislation that introduced a contentious rent freeze and eviction ban.
EPC ratings in the PRS don’t appear to be markedly different to those in owner-occupied homes, according to Office for National Statistics data.
The student rental market faces a bleak future unless urgent action is taken to support landlords and make providing rental homes a more attractive proposition.
