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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

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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

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?

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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

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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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Council chases former landlord for tenant's 20-year tax debt

Council chases former landlord for tenant's 20-year tax debt

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A former landlord has been ordered to pay a council tax demand dating back nearly 20 years.

Landlord pays heavy price for ignoring Improvement Order

Landlord pays heavy price for ignoring Improvement Order

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News
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A rogue landlord has been ordered to pay more than £9,000 for ignoring notices to improve his dangerous property.

Major building society stops lending to holiday let investors

Major building society stops lending to holiday let investors

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Leeds Building Society has stopped lending to investors buying holiday lets in areas of North Norfolk and North Yorkshire in a bid to relieve pressure on local housing.

Lords to put letting agents' service quality under spotlight

Lords to put letting agents' service quality under spotlight

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The quality of service provided by letting agents to landlords is under the spotlight again after an influential group within the Lords revealed it is to probe into the sector.

Rebel Tory MPs 'working hard to have renting reform legislation changed'

Rebel Tory MPs 'working hard to have renting reform legislation changed'

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It has been confirmed over the weekend that a group of 49 ‘rebel’ Tory MPs are working hard have the Renters (Reform) Bill amended.

MPs given more details on holiday short-lets clampdown

MPs given more details on holiday short-lets clampdown

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MPs have been given more details of the Government’s plans to clamp down on holiday lets in tourism hotspots following Michael Gove’s announcement this week.

Few councils policing minimum EPC rules or issuing fines

Few councils policing minimum EPC rules or issuing fines

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News
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Minimum energy efficiency standards (MEES) are not being enforced by overstretched councils who cannot keep any income they make from fines imposed for breaches.

HMRC's digital tax reporting scheme to cost landlords £460

HMRC's digital tax reporting scheme to cost landlords £460

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News
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Landlords will have to fork out an extra £460 to use the new Making Tax Digital for Income Tax Self-Assessment system.

Spray foam industry acknowledges problems with 'cowboy operators'

Spray foam industry acknowledges problems with 'cowboy operators'

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Landlords who have used cowboy spray foam firms to insulate their properties are to be offered help by one of the main trade associations for the sector.

MPs send amended Renters' Rights Bill to the Lords

MPs send amended Renters' Rights Bill to the Lords

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The Bill has moved another step closer to becoming law, with MPs agreeing amendments that include preventing landlords from taking more than one month’s rent.

January's tax deadline approaches, thoughts turn to this annual task

January's tax deadline approaches, thoughts turn to this annual task

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Keeping on top of your accounts month by month makes the annual self-assessment tax return task easier and makes sure you are in control of your business

The top six misconceptions about limited company buy to let mortgages

The top six misconceptions about limited company buy to let mortgages

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Limited Company buy to let mortgages are increasingly popular, however there are still many myths that need debunking.

Landlords hit with former owners' massive council tax bills

Landlords hit with former owners' massive council tax bills

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Landlords in Kent are inheriting huge council tax bills racked up by the previous owners when buying empty properties.

Portfolio landlords boost share of incorporated properties

Portfolio landlords boost share of incorporated properties

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The proportion of incorporated property held in portfolios of landlords who use limited companies has more than doubled since Q1 2020.

Renters' Rights Bill could exclude scores of private tenants

Renters' Rights Bill could exclude scores of private tenants

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A leading property lawyer warns that removing risk mitigation strategies will make many tenants on lower incomes “unlettable”.

Landlord slapped with £20,000 repayment order for unlicensed HMO

Landlord slapped with £20,000 repayment order for unlicensed HMO

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News
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A landlord must repay tenants £20,000 in rent after he failed to convince a tribunal he wasn’t aware of a licensing scheme.

London borough forces all landlords to license properties

London borough forces all landlords to license properties

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All private landlords in Barking and Dagenham must get a licence from April following the introduction of its selective scheme.

Divorce rates have their impact on rental demand

Divorce rates have their impact on rental demand

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There’s an often-overlooked impact of couples splitting on the demand for housing and particularly for rentals as splits occur every year in the UK

NRLA slams Welsh tenant compensation plan

NRLA slams Welsh tenant compensation plan

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The Welsh government has agreed to explore the possibility of making landlords give tenants compensation if they are evicted.

New book helps landlords prepare for renters' rights shake-up

New book helps landlords prepare for renters' rights shake-up

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A former solicitor and property expert has penned a book on how landlords can avoid litigants and potential crippling fines.

Landlords warned to look out for fake document scam

Landlords warned to look out for fake document scam

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Landlords have been reminded to double check tenants’ documents after several London landlords were handed fake payslips.

Leasehold property listings miss out vital facts

Leasehold property listings miss out vital facts

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News
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Property portals and estate agents are failing buyers of leasehold properties by not flagging up legally required information.

Landlords face higher bills to join new government schemes

Landlords face higher bills to join new government schemes

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Fees for joining the redress scheme and landlord database could be “significantly higher” following amendments to the Renters’ Rights Bill.

Rogue rent-to-rent agency hit with £35,000 penalty

Rogue rent-to-rent agency hit with £35,000 penalty

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A Portsmouth rent-to-rent agency which let out overcrowded and unlicensed HMOs has been handed a hefty fine.

Landlords: 2025 – What’s Next?

Landlords: 2025 – What’s Next?

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April’s stamp duty hike looms, so if you’re considering selling, sooner is smarter.

Big lender helps tenants to buy landlord properties

Big lender helps tenants to buy landlord properties

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TSB has launched a new concessionary mortgage for landlords looking to sell their properties to tenants with no deposit required.

NRLA training: New Year, New You

NRLA training: New Year, New You

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New year, new you. Sound familiar? Many of us start the new year with the very best of intentions, only for them to fall by the wayside.

Healthy rental demand increasingly attracts money from institutional investors

Healthy rental demand increasingly attracts money from institutional investors

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Private equity firms and pension funds have been upping the ante with their investments in the UK rental market

More landlords risk falling foul of new licensing rules

More landlords risk falling foul of new licensing rules

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News
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Landlords should check whether they’re in one of 37 licensing schemes under consultation or about to be implemented – or risk a huge fine.

Rayner confirms ambition for rent in advance controls

Rayner confirms ambition for rent in advance controls

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Landlords would be banned from demanding several months’ rent in advance under new amendments to the Renters’ Rights Bill.

Electrical safety shake-up for Northern Ireland landlords

Electrical safety shake-up for Northern Ireland landlords

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Landlords in Northern Ireland must soon guarantee that electrical safety checks have been carried out at private tenancies.

Council U-turns on licensing after damming report

Council U-turns on licensing after damming report

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Councillors have labelled a proposed voluntary landlord initiative to raise standards in North East Lincolnshire, “a waste of time”.

Saying social housing is good and private housing bad 'false and unrealistic'

Saying social housing is good and private housing bad 'false and unrealistic'

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A leading Scots letting agent has warned that policies which seek to undermine the PRS are damaging tenants’ wellbeing.

Landlords await welcome reprieve from boiler ban

Landlords await welcome reprieve from boiler ban

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Landlords could get longer to replace gas boilers if the government makes an expected announcement to allow their sale beyond 2035.