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OFFICIAL: Landlords ARE quitting rented sector says Bank of England

OFFICIAL: Landlords ARE quitting rented sector says Bank of England

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The Bank of England has joined the chorus of voices highlighting the worsening problem of landlords leaving the sector. Its findings in the latest Monetary Policy Report offer yet more proof that government tax and other policies are forcing out investors; it says demand for ren

Future of private rented sector will be the '15-minute' home say experts

Future of private rented sector will be the '15-minute' home say experts

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The future of new rented accommodation in the UK will be developments where all facilities including transport, shops and services including schools are all within 15 minutes of a tenants property, it has been claimed. This comment was made during a https://www.savil

NRLA calls on Government to review landlord taxes to stop 'supply crisis'

NRLA calls on Government to review landlord taxes to stop 'supply crisis'

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Landlords are calling on the Government to review how they are taxed after new figures reveal the devastating impact higher levies are having on the private rented sector. The National Residential Landlords Association (NRLA) says new research conducted on its behalf by co

'Discriminatory' HMO licensing scheme rules slammed by landlords

'Discriminatory' HMO licensing scheme rules slammed by landlords

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Two out of three HMO landlords in Portsmouth plan to call it quits this year, largely prompted by the launch of an additional licensing scheme in September. Portsmouth & District Private Landlords Associations survey found that this would mean a loss of 348 rooms which, e

Damp and mould investigation reveals 1000s of homes affected

Damp and mould investigation reveals 1000s of homes affected

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A Government investigation into damp and mould in the social housing sector has disclosed initial findings which show a significant number of homes in the social sector are affected by this problem. On Thursday (2 February) the Regulator of Social Housing (RSH) published a <a hr

Up for a fight? Fundraiser seeks property people to step into the ring

Up for a fight? Fundraiser seeks property people to step into the ring

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The property industrys Rumble with the Agents charity event is to host its eighth evening of boxing and fund-raising in North London on Thursday 22nd June, it has been announced. <figure id="" class="w-richtext-figure-type- " data-rt-type="" dat

MORTGAGE SHOCK: Bank of England hikes base rate by 0.5% to 4%

MORTGAGE SHOCK: Bank of England hikes base rate by 0.5% to 4%

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The Bank of England has raised interest rates for the 10th consecutive time as it battles inflation - a move likely to hit thousands of investors with variable rate mortgages and those forced to renew fixed-rate deals. The base rate has gone up by half a percent to 4%, the highe

Councils' frosty reception for HMOs sees number decline in key regions

Councils' frosty reception for HMOs sees number decline in key regions

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Englands HMO market has shrunk by more than 21,000 properties in the last two years as local councils ramp up planning rules and licensing schemes. Numbers were down by -2.4% to 489,701 last year, having already seen a -1.7% drop in 2021, according to figures from Octane Capi

EXCLUSIVE: Online boss talks candidly about landlords' reluctance to 'go digital'

EXCLUSIVE: Online boss talks candidly about landlords' reluctance to 'go digital'

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The boss of online lettings platform lettingaproperty.com is determined to overcome landlords inertia to switch from using high street agents. Jonathan Daines admits its a challenge as 95% of landlords still use agents, with the ingrained belief that the online process wil

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POLL: 44% of landlords support most extreme form of rent control

POLL: 44% of landlords support most extreme form of rent control

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Nearly half of landlords and three quarters of the general public support rent controls, a poll by YouGov on behalf of wealth inequality not-for-profit Common Wealth has revealed.

Welsh MS says reforms will push too many landlords out of rental market

Welsh MS says reforms will push too many landlords out of rental market

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A Welsh politician has sounded the alarm over new legislation which risks exacerbating the mass exodus of private landlords.

Agent warns renting reforms will throw tenancy starts into disarray

Agent warns renting reforms will throw tenancy starts into disarray

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A leading agency has warned that tenants could move into a property without having paid any rent once the Renters’ Rights Bill becomes law.

60% of tenants preparing to move home before end of July

60% of tenants preparing to move home before end of July

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The next six months will see a huge increase in demand for rental properties, landlords and letting agents have been told.

'Wicked' directors given suspended sentences over illegal eviction

'Wicked' directors given suspended sentences over illegal eviction

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The directors of a supported housing company who illegally evicted a vulnerable tenant have been handed suspended jail sentences.

Comment: Renters’ Rights legislation in place before Easter?

Comment: Renters’ Rights legislation in place before Easter?

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The Government is evidently taking decisive steps to ensure swift progress of the Renters’ Rights Bill through the Commons and the Lords, with a view to having the Act implemented before Easter

Landlords win legal battle to protect postal rights

Landlords win legal battle to protect postal rights

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A landlord couple have won their legal case against a tenant who claimed her section 21 notice was invalid.

Government promises EPC study is imminent

Government promises EPC study is imminent

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The government looks set to launch its overdue consultation into new energy efficiency standards in the PRS during the next few weeks.

Landlords: Should You Hold or Sell Before Time Runs Out To Act Before The Renters’ Rights bill becomes law?

Landlords: Should You Hold or Sell Before Time Runs Out To Act Before The Renters’ Rights bill becomes law?

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The Renters’ Rights Bill returned to Parliament this week and it getting ever closer to becoming law by the summer has sent alarm bells ringing.

Landlord to pay tenants £12,500 because 'innocence of law is no defence'

Landlord to pay tenants £12,500 because 'innocence of law is no defence'

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Being ignorant of landlord law is no defence, a brutal legal point that has cost a landlord duo in London dearly after they were told by judges to repay their tenants �12,500

Looming EPC changes already skewing the buy-to-let market, claims finance boss

Looming EPC changes already skewing the buy-to-let market, claims finance boss

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The Governments plans to force landlords to upgrade their properties to a minimum C energy efficiency standard is already affecting how rental properties are being purchased, the boss of a big money firm has claimed. Louisa Sedgwick, Commercial Director at Paragon Bank

City office space under threat as personified by Canary Wharf exodus

City office space under threat as personified by Canary Wharf exodus

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The pattern of office working is changing and nowhere is its effect on commercial property being felt more strongly than in Londons Docklands Canary Wharf. A once thriving financial centre The development of the wharf into a thriving financial centre just outsi

BREAKING: Gove green lights expensive new licencing scheme in Nottingham

BREAKING: Gove green lights expensive new licencing scheme in Nottingham

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Michael Gove has given Nottingham city council the green light to proceed with one of the UKs most expensive and controversial selective licensing schemes. Due to start on December 1st, it will require all rented properties within 20 of its wards to be licenc

Government is afraid EPC upgrades will be final straw for landlords, says big bank

Government is afraid EPC upgrades will be final straw for landlords, says big bank

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A leading lender believes the governments likely decision to row back on EPCs is linked to fears that it will hit an already struggling PRS. Earlier this week, Housing Secretary Michael Gove suggested a delay in bringing in energy efficiency plans for rental properties to

Property firm reports more landlords selling up as 'red tape' burden rises

Property firm reports more landlords selling up as 'red tape' burden rises

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Home buying company the Open Property Group (OPG) has reported a 56% jump in PRS property purchases during the past year, with landlords blaming red tape for their decision to sell up. It bought nearly �6 million worth of property from homeowners and landlords looking for a fas

Payday! Three tenants to share �20,000 after landlord fails to licence property

Payday! Three tenants to share �20,000 after landlord fails to licence property

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Three tenants have won a �20,160 rent repayment order from their landlord who failed to licence his HMO. A First Tier Property Tribunal found that Simon Freed let out the three-bedroom flat in Frognal Court, Camden (main picture), a

Scots Ministers avoid revealing how many landlords are seeking big rent rises

Scots Ministers avoid revealing how many landlords are seeking big rent rises

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The Scottish Government has decided not to publish details of how many landlords north of the border have applied to raise their rent above the 3% maximum allowed under the countrys Cost of Living (Tenant Protection) (Scotland) Act. This controversial legislation was first in

Landlords warned over increase in unauthorised and illegal sub-letting by tenants

Landlords warned over increase in unauthorised and illegal sub-letting by tenants

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Sub-letting is on the increase within the private rented sector as the cost of living crisis bites, it has been reported. Direct Line says nearly half of all tenants who sublet rooms within their property have not told their landlord or checked they are allowed to within their r

Council's desperate measures to stop landlords evicting tenants revealed

Council's desperate measures to stop landlords evicting tenants revealed

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Brent Council is paying a landlord to house the tenant he was trying to evict after failing to come up with any alternative accommodation. The authority paid the legal fees and took over responsibility for paying the rent as long as the landlord continued to let his tenant stay

BTR makes another leap forward with £1.26 billion invested in just three months

BTR makes another leap forward with £1.26 billion invested in just three months

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T The UKs build-to-rent (BTR) stock now stands at 88,100 completed homes, with a further 53,500 homes under construction and 111,800 in the planning pipeline. Savills research reveals that in the second quarter of the year, the sector saw a record-breaking �1.26

Landlord outcry over 'unfair' major Midlands selective licencing scheme

Landlord outcry over 'unfair' major Midlands selective licencing scheme

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Landlords in Birmingham have slammed the citys new selective licensing scheme which some claim is unfairly targeting ethnic communities. The scheme, which took effect at the beginning of June, affects all landlords in 25 of the citys wards which have more than 20% of rente

'Stop demonising landlords, it's just not helping the situation'

'Stop demonising landlords, it's just not helping the situation'

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Be careful what you wish for� is the point I would put to organisations such as Shelter, Generation Rent and other tenant groups.&nbsp; In other words, stop demonising landlords - its not helping the situation especially when we have such a severe rental stock crisis.&

No need to evict! We sell buy-to-lets in 28 days to new landlords who want to keep your 'fireproof'� tenants

No need to evict! We sell buy-to-lets in 28 days to new landlords who want to keep your 'fireproof'� tenants

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Theyve been dubbed fireproof tenants� news this week reached fever pitch for landlords who rallied together in outrage to hear that multiple local councils had advised tenants not to move out of their houses� no matter what, even if the landlord was in financial difficulty

NEW: �30 billion cost for landlords to upgrade properties to EPC minimum

NEW: �30 billion cost for landlords to upgrade properties to EPC minimum

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More than half of all homes in the private rented sector need upgrading to achieve an EPC band C by 2028, with landlords facing a total estimated bill of �30 billion at a time when many are struggling to cover their costs. About 2.9 million properties are affected, with costs f

HOT MARKET: Every property put on market receiving 20 viewing requests

HOT MARKET: Every property put on market receiving 20 viewing requests

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Rental properties in the North West are each attracting an average of 30 viewing requests as competition among prospective tenants grows more intense. Data commissioned by the BBC from Rightmove shows an average of 20 requests to view each available property in Britain, up from

Charities and campaigners slam Government over 'weak' renting reforms

Charities and campaigners slam Government over 'weak' renting reforms

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In a sign that the Renters (Reform) Bill is annoying many and pleasing few, charities and pro-tenant groups have today joined forces to slam the legislation for being too weak. The https://rentersreformcoalition.co.uk/" target="_blank" Renters Ref

BREAKING: Government rows back on 2035 gas boiler ban within rented properties

BREAKING: Government rows back on 2035 gas boiler ban within rented properties

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The Government has rowed back on its commitment to phase out all gas boilers in rented homes by 2035 following comments by Michael Gove. Talking tohttps://www.thetimes.co.uk/radio/schedule" https://www.thetimes.co.uk/radio/schedule" target="_blank" i

Another big council looks at forcing selective licencing on private landlords

Another big council looks at forcing selective licencing on private landlords

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A big South East counciil hopes to introduce a big selective licencing scheme for private landlords which would cover all PRS homes. Medway, which is a unitary authority covering a large swathe of Kent including Rochester and Gillingham, has seen those renting in the private ren

Official report backs binning leasehold but some owners 'still worried'

Official report backs binning leasehold but some owners 'still worried'

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Ditching leaseholds is 'entirely possible' although some flat owners still arent convinced about moving across to commonhold, a government report has concluded. It explains that while reaching a point at which most existing flats are owned without a third-party landlord or ar

Landlords given five months to join enlarged �800 London licencing scheme

Landlords given five months to join enlarged �800 London licencing scheme

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More than 5,400 homes in Islington now need a licence under Islington Councils new selective licensing scheme.&nbsp; Landlords in Finsbury Park, Tollington and Hillrise wards are affected, where properties are blighted with poor conditions, according to council enforcement of

Gove consults landlords on looser rules for commercial to residential conversions

Gove consults landlords on looser rules for commercial to residential conversions

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Landlords are being encouraged to share their thoughts on government plans to make it easier to convert larger department stores, space above shops and offices.&nbsp; As part of Housing Secretary Michael Goves announcement on https://www.landlo

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

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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

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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