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UK Property Market Summary and Predictions for 2023

UK Property Market Summary and Predictions for 2023

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The UK property market has undoubtedly seen a tumultuous period since the end of 2022. Fluctuating statistics, record-breaking demand, falling supply, and concerning economic projections have left many scratching their heads and wondering: https://www.rw-inv

Need a hoover in a hurry? High-tech kiosk lends renters essentials

Need a hoover in a hurry? High-tech kiosk lends renters essentials

News

Renters in two of the capitals https://www.landlordzone.co.uk/news/report-reveals-unstoppable-march-of-build-to-rent-into-private-rented-sector/" build-to-rent apartment blocks can rent out household appliances, games and other essentials in a novel gadget-sharing init

Government targets cities and relaxes planning in bid to solve housing crisis

Government targets cities and relaxes planning in bid to solve housing crisis

News

A new https://www.landlordzone.co.uk/news/government-housing-policies-not-working-for-landlords-or-tenants-mps-are-told/" housing plan would allow shops, takeaways and betting shops to be turned into homes while homeowners would have greater freedoms to carry out property

Gove calls for EPC deadline reprieve to give landlords a break

Gove calls for EPC deadline reprieve to give landlords a break

News

Housing Secretary Michael Gove has suggested a delay in bringing in energy efficiency plans for the private renter sector. Citing financial pressures on landlords, he told The Telegraph that the government should relax the pace of changes to

Landlord with OBE to pay £300,000 fine over 'appalling conditions' at properties

Landlord with OBE to pay £300,000 fine over 'appalling conditions' at properties

News

A veteran landlord with an OBE has been handed a whopping �300,000 fine after two decades of managing illegally converted houses. Nirpaul Riat was given one of the largest ever fines in Hounslow for managing 22 properties where vulnerable tenants lived in appalling conditions.<

Under-cooked Renters (Reform) Bill could be just 'much ado about nothing'

Under-cooked Renters (Reform) Bill could be just 'much ado about nothing'

News

One of the drawbacks of being labelled an expert is you are in demand for your expertise. It becomes your product and when stocks are running low, like we have all experienced when trying to find an egg in the supermarket at the end of the week for your Saturday morning cooked breakfast, th

Will the looming PRS reforms make evicting badly-behaved tenants more difficult?

Will the looming PRS reforms make evicting badly-behaved tenants more difficult?

News

After years of campaigning and lobbying by tenant groups the Government has committed to huge changes for landlords when evicting tenants.

Huge London selective licencing scheme given green light by Gove

Huge London selective licencing scheme given green light by Gove

News

Southwark Council has been given the green light for one of the UKs largest selective licencing schemes. It got approval from Housing Secretary Michael Gove following the introduction last year of a borough-wide additional licensing scheme for HMOs and a small, selective lic

Extra stamp duty clobbering Welsh landlords with �92 million extra tax take

Extra stamp duty clobbering Welsh landlords with �92 million extra tax take

News

Landlords and holiday homeowners continue to be clobbered by a tax grab from the Welsh Revenue Authority. The latest figures show revenue from the higher rate of stamp duty - Land Transaction Tax (LTT) - increased by 50% from �61 million in 2020/21 to �92 million in 2022/23 -

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Tax hike prompts buying and selling rush among portfolio landlords

Tax hike prompts buying and selling rush among portfolio landlords

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Landlords buying up property portfolios have helped non-residential property sales reach a new high this year as investors seek to capitalise on the existing tax rate, ahead of stamp duty changes.

Report reveals shock gap between Chinese and UK student rents

Report reveals shock gap between Chinese and UK student rents

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News
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Wealthy Chinese students are paying £66 a week or 42% more in rent than their British counterparts, according to the latest StuRents annual report.

Will councils begin selling off empty landlord properties?

Will councils begin selling off empty landlord properties?

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News
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A property expert has voiced concerns that councils won’t have the resources to implement the government’s new high street auctions initiative.

'Lackadaisical' landlord to repay tenants £10,538

'Lackadaisical' landlord to repay tenants £10,538

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News
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A landlord in London has been ordered to repay three of his tenants £10,538 after they applied successfully for a rent repayment order (RRO).

How to tackle damp and mould as the mercury falls

How to tackle damp and mould as the mercury falls

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Damp and mould can affect your rental properties at any time of year; but issues are much more likely to occur in colder months.

Landlords with mortgages 'to get early Xmas present'

Landlords with mortgages 'to get early Xmas present'

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News
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Mortgage rates are likely to drop even further before the end of the year, providing some much-needed festive cheer for landlords.

Labour says renters face 'insecurity' but tenancies getting longer

Labour says renters face 'insecurity' but tenancies getting longer

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News
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Private renters are increasingly staying for longer in their homes, contrary to tenant groups’ argument that they face ‘insecurity of tenure’.

PIX: Shocking size of 'rooms' within illegal HMO revealed

PIX: Shocking size of 'rooms' within illegal HMO revealed

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News
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A rogue landlord who turned her three-bedroom bungalow into a 15-room unlicensed HMO where tenants slept on camp beds in windowless rooms has been handed a £12,000 fine.

HMO landlords should be Scrooge not Santa this Christmas

HMO landlords should be Scrooge not Santa this Christmas

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News
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Landlords have been advised not to let their tenants deck the halls with flammable holly during the festive season.

'Many leaseholder landlords can never allow pets'

'Many leaseholder landlords can never allow pets'

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News
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More tenants living in flats could find themselves unable to have a pet than those in a house under the Renters Reform Bill, warns the founder of a campaigning group.

Second national awards for HMO landlords launches

Second national awards for HMO landlords launches

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The second national awards for HMO landlords has been announced by property management platform COHO chief Helen Turner, who is one of the driving forces behind its creation.

Half of tenants want 'bills included' but only 12% of landlords offer it

Half of tenants want 'bills included' but only 12% of landlords offer it

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News
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Just over half of tenants surveyed about the cost of living want their rent to include all their utility bills, it has been revealed.

Rogue landlords should have properties confiscated, says MP

Rogue landlords should have properties confiscated, says MP

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News
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Rental homes should be confiscated from private landlords who repeatedly break the rules and exploit tenants, according to the head of the Commons housing committee.

Portfolio landlords proving most resilient to harsher economy

Portfolio landlords proving most resilient to harsher economy

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News
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Despite interest rate hikes battering investor confidence, the UK’s portfolio landlords remain focused on expanding their property portfolios, research from Shawbrook finds.

British Gas says landlords need more grants to go green

British Gas says landlords need more grants to go green

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News
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British Gas has urged the government to consider a raft of measures aimed at helping landlords increase energy efficiency, including Green Upgrade Relief which lets them deduct green improvements from their annual income.

HALF of landlords say 'no pets or benefits tenants' despite looming law change

HALF of landlords say 'no pets or benefits tenants' despite looming law change

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News
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At least 44% of landlords won’t let their property to tenants with pets and 15% won’t consider those with children, according to a new Confused.com mortgages poll.

Leaky walls causing the biggest energy loss in UK homes

Leaky walls causing the biggest energy loss in UK homes

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Winter is coming and high energy bills are really focussing attention on to what it takes to properly insulate a home. A well insulated home can make the difference between living in freezing conditions or feeling warm and comfortable this winter.

Landmark rent Rent Repayment Order case to be overturned

Landmark rent Rent Repayment Order case to be overturned

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News
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The Government has revealed that it intends to overturn this year’s landmark Jepsen vs Rakusen rent repayment order decision in the Supreme Court within its Renters (Reform) Bill.

Student landlords win victory as Government amends reform Bill

Student landlords win victory as Government amends reform Bill

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News
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The Government has published some 100 amendments to its Renters (Reform) Bill including ‘missing parts’ left out of the first draft lodged with parliament earlier this year.

TOM'S GUIDE: Using the Small Claims Court

TOM'S GUIDE: Using the Small Claims Court

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Tom Entwistle explains how landlords can proceed when faced with outstanding debts at the end of or even during a tenancy.

Rents racing away including record 6.8% jump in London

Rents racing away including record 6.8% jump in London

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News
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Private rental prices paid by tenants in the UK rose by 6.1% during the 12 months to October 2023, up from 5.7% during the 12 months to September 2023, ONS data shows.

'New landlord portal WON'T remove need for selective licencing'

'New landlord portal WON'T remove need for selective licencing'

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The Chartered Institute of Environmental Health (CIEH) has told MPs that the Government's looming national property portal for landlords won’t diminish the need for selective licencing.

EXPERT: Does guaranteed rent pay better than traditional landlording?

EXPERT: Does guaranteed rent pay better than traditional landlording?

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Landlords using a guaranteed rent scheme can earn £3,600 a year more than by conventional letting, according to one guaranteed rent provider.

Notice periods should be same for landlords and tenants, experts tell MPs

Notice periods should be same for landlords and tenants, experts tell MPs

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Granting landlords and tenants the ability to give the same notice periods would prevent the private rented sector “becoming Airbnb by the back door”, NRLA’s chief executive Ben Beadle has told MPs.

Landlords claim victory after council delays licencing schemes

Landlords claim victory after council delays licencing schemes

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Landlords in Luton claim to have once again persuaded the town’s council to delay its highly controversial additional and selective licencing schemes, the fourth time this has happened in as many years.

20% of short-lets in London are former long-term rentals

20% of short-lets in London are former long-term rentals

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More than 20% of short-term lets advertised in London were previously long-term rentals, according to research by property data platform Propalt.

Councils call for huge fines if landlords evade new eviction rules

Councils call for huge fines if landlords evade new eviction rules

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Councils are calling for a widening of the conditions under which tenants can claim rent repayment orders (RROs) as part of the Renters (Reform) Bill.

Landlords called out over £80m interest from rental deposits

Landlords called out over £80m interest from rental deposits

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News
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Letting agents and landlords are benefitting from higher interest rates by reaping more than £80 million this year from billions of pounds’ worth of tenants’ deposits.

Term tenancy are fixed and must be for all landlords

Term tenancy are fixed and must be for all landlords

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A leading student accommodation expert has urged the Government to create a level playing field for the sector within the looming Renters (Reform) Bill or face a perfect storm of rising rents and contracting suipply.

Renting reform minister GONE nine months after getting job

Renting reform minister GONE nine months after getting job

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A housing minister appointed just nine months ago by Rishi Sunak has now been asked to stand down during today’s reshuffle triggered by the sacking home Home Secretary Suella Braverman.

Landlords angry over council's property licencing U-turn

Landlords angry over council's property licencing U-turn

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News
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A big NE of England council is considering supplementing its landlord-led scheme with selective licensing in large parts of the town.

Landlord home buying slumps to lowest level for 13 years

Landlord home buying slumps to lowest level for 13 years

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Landlords are selling more homes than they’re buying, according to Hamptons’ monthly letting index, although the sell-off is slowing down.

Debate rages: Will banning Section 21 evictions reduce supply?

Debate rages: Will banning Section 21 evictions reduce supply?

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News
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Fears that banning section 21 will harm the PRS in England are entirely misplaced, based on contradictory evidence in Scotland, according to The Social Market Foundation (SMF).

Tax liability – how to minimise it as a landlord

Tax liability – how to minimise it as a landlord

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As a landlord, you want to ensure your property business is as profitable as possible – and that means minimising your tax liability, so you don’t pay HMRC any more than you need to. Here are some options that can help you do that.