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Landlord mortgage costs leap to nearly 40% of rental income

Landlord mortgage costs leap to nearly 40% of rental income

News

The average mortgaged landlord paid 37% of their rent on mortgage interest in August, up from a low of 24% in November 2021, according to Hamptons.

30 campaigning groups write to Rishi urging landlord reforms

30 campaigning groups write to Rishi urging landlord reforms

News

Thirty charities and non-profit organisations have written to the Prime Minister urging him to ensure the Renters Reform Bill is passed during this Parliament.

Property 'dating service' for landlords and tenants launches

Property 'dating service' for landlords and tenants launches

News

A WhatsApp-style ‘dating service’ designed to marry up landlords and tenants has launched seeking to simplify London’s ‘chaotic’ private rented sector and rival established portals such as Rightmove and Zoopla.

40 per cent of tenants are struggling with rent payments

40 per cent of tenants are struggling with rent payments

News

There’s now a significant proportion of adults in the UK struggling to meet their rent or mortgage payments

Buy-to-let profits nosedive for new buyers

Buy-to-let profits nosedive for new buyers

News

Landlords who took out a new mortgage between April and June this year made an annual cash loss for the first time since 2007.

Absentee landlord handed fine for ignoring tenants

Absentee landlord handed fine for ignoring tenants

News

A landlord who ignored improvement notices on his two unlicensed properties has been handed a £15,000 fine by magistrates.

Can tenancy contracts be signed electronically?

Can tenancy contracts be signed electronically?

Information

It is very convenient and timely to accept documents relating to tenancies signed electronically and transmitted electronically - are they legal valid?

Agency pays high price for harassing tenants

Agency pays high price for harassing tenants

News

A letting agency in Hove has been ordered to pay nearly £69,000 for “abhorrent and vile” behaviour towards its tenants.

Kids and pets raise the cost of renting

Kids and pets raise the cost of renting

News

Renters with pets or children are paying as much as £460 more during their tenancy compared to other renters.

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Rent controls 'will undermine investment in PRS' says expert

Rent controls 'will undermine investment in PRS' says expert

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Rent controls will undermine investment in Scotland’s PRS unless there is more long-term certainty, according to one leading lettings expert.

London landlord narrowly avoids refunding tenant £32,000

London landlord narrowly avoids refunding tenant £32,000

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A landlord has avoided a £32,000 rent repayment order after a judge ruled his flat was at an address not covered by a licensing scheme, but only just.

Section 21 increasingly being used by landlords to evict as ban looms

Section 21 increasingly being used by landlords to evict as ban looms

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The latest quarterly homelessness figures from the Government for the final months of last year reveal that Section 21 notices as a reason for homelessness reached record levels during 2023.

'Time for bold action with rent controls has come' says mayor hopeful

'Time for bold action with rent controls has come' says mayor hopeful

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The Green Party’s mayoral candidate in London has said she will bring in rent controls saying the time for ‘bold action’ has come.

Landlords promised compensation as huge estate faces bulldozer

Landlords promised compensation as huge estate faces bulldozer

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Landlords have been promised fair compensation by a developer planning to bulldoze scores of homes on one of England’s most deprived housing estates.

Letting agents call for short-lets crackdown in London

Letting agents call for short-lets crackdown in London

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Propertymark has urged London’s Mayor to crack down on short-term lets through licensing in a bid to tackle over-supply in the capital.

Struggling HMO giant sells off more properties

Struggling HMO giant sells off more properties

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Troubled property development company Home Holdings has put another raft of HMOs onto the market in a bid to shore up losses.

Osborne's 3% extra stamp duty is reason for BTL buying slump

Osborne's 3% extra stamp duty is reason for BTL buying slump

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The decision by George Osborne in 2015 to introduce a 3% additional stamp duty levy on landlords has seen a slump in the number of BTL properties bought in the Tory heartlands of Southern England.

'Scotland's fast-rising rents are the SNP/Green's fault'

'Scotland's fast-rising rents are the SNP/Green's fault'

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A leading letting agent in Scotland has laid the blame for the country’s rental supply woes firmly at the feet of former Tenants’ Rights minister Patrick Harvie.

What do the falling house prices mean for landlords?

What do the falling house prices mean for landlords?

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May has brought more bad news for some landlords with the Nationwide Building Society reporting a 3.4% drop in house prices in the year to May 23 and interest rates that are expected to rise to 5.5.% later this year.

NEW: 'Landlords who make sex for rent demands should be banned for life'

NEW: 'Landlords who make sex for rent demands should be banned for life'

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Estate agents have called for landlords who advertise sex for rent to be banned from the PRS for life. In its response to the governments https://www.gov.uk/government/consultations/exchange-of-sexual-relations-for-accommodation-sex-for-rent#:~:text=The%20consultatio

LATEST: London borough gives green light to big new HMO licencing scheme

LATEST: London borough gives green light to big new HMO licencing scheme

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Redbridge Council in North London has given the go-ahead for a new borough-wide additional HMO licensing scheme. The scheme extends licensing to all HMOs with three or more tenants forming two or more households after the authoritys consultation disco

COMMENT: Why are property values going down for the first time in ten years?

COMMENT: Why are property values going down for the first time in ten years?

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The Halifax revealed today that house prices have fallen on an annual basis for the first time since December 2012, by 1%. This means the average house value has declined by �132 which may not sound a lot but represents a seismic change after years of ultra-low interest rates p

NEW: Property educators urged to join reform group's first national summit

NEW: Property educators urged to join reform group's first national summit

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Property educators are being urged to collaborate, learn, and shape the future of property education at The Property Investors Bureau Property Educators Summit. The invitation-only industry event aims to improve standards, foster collaboration, and add value to their business by

NEW: London's bailiff service problems spreading to other areas of UK says expert

NEW: London's bailiff service problems spreading to other areas of UK says expert

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Following our storyhttps://www.landlordzone.co.uk/news/breaking-evictions-grind-to-a-halt-as-bailiffs-reduce-workload-over-health-and-safety/" https://www.landlordzone.co.uk/news/breaking-evictions-grind-to-a-halt-as-bailiffs-reduce-workload-over-health-and-safe

Concerns over loan defaults as office and retail tenants fail to renew leases

Concerns over loan defaults as office and retail tenants fail to renew leases

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Persistent home working is affecting office occupancy rates and is leading commercial tenants to fail to renew their office leases. Ghost city streets have emerged post pandemic as occupancy rates hit a new low. In the UK it has been reported that these office space rates could

BLOG: Ministers MUST reconsider periodic tenancy plans for students

BLOG: Ministers MUST reconsider periodic tenancy plans for students

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Last year saw worrying housing shortages in a number of university cities in the UK. In Leeds we were turning away larger than usual numbers of students at the back end of the summer as there were simply no rooms available. Even before the proposed changes under thehttp

BREAKING: Welsh Government is 'looking at rent control options'

BREAKING: Welsh Government is 'looking at rent control options'

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The Welsh Government has launched a consultation on fair rents and adequate housing within which housing minister Julie James (main picture) reveals she is considering rent controls. The https://www.gov.wales/sites/default/files/consultations/2023-06/housing-adequ

Airbnb to give rental income data to HMRC, short lets landlords warned

Airbnb to give rental income data to HMRC, short lets landlords warned

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Airbnb is to share data with the taxman on its hosts earnings going as far back as the 2017-18 financial year, a new warning on its website reveals. The information will help HMRC identify those making money from letting their properties without declaring it, who then face cr

LAW: Agent faces �10,000 bill after licencing fine appeal rejected

LAW: Agent faces �10,000 bill after licencing fine appeal rejected

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A managing agent who failed to licence a property has had his appeal thrown out by a First Tier Property Tribunal. Taren Lamba tried to convince the judge that he was not in control of the property in Kenwood Road, London (main picture) by insisting that a

Illegal evictions increasing 'dramatically' says leading tenancy group

Illegal evictions increasing 'dramatically' says leading tenancy group

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Illegal evictions and harassment by rogue landlords are increasing as tenants struggle to pay their rent and some landlords resort to criminal means to remove tenants as the court system falters and some landlords seek to exploit soaring rents, according to Safer Renting. Figure

BLOG: Will the looming 'pets in lets' rules prove pervasive?

BLOG: Will the looming 'pets in lets' rules prove pervasive?

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In the third in a series of blogs for&nbsp;LandlordZONE&nbsp; on rental reform,&nbsp;Sean Hooker , Head of Redress at the&nbsp;https://www.theprs.co.uk/" <em

AGENT: London rental market to be 'most competitive ever' this summer

AGENT: London rental market to be 'most competitive ever' this summer

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Prospective tenants flooding into London this summer along with the continued shrinkage in property numbers is set to create one of the most competitive rental markets ever seen. May bank holiday is when many 12-month and 18-month tenancies come to an end, explains Adam

OPINION: Rental Reform '� will it work in England?

OPINION: Rental Reform '� will it work in England?

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Across the UK nations theres been a rolling programme of rental reform, one new tenancy regime after another, but has any of this really worked for the benefit of tenants or landlords? We dont yet know the final form the Renters (Reform) Bill will take, theres a long wa

New Property Portal will be 'gold mine' for HMRC snooping, warns lawyer

New Property Portal will be 'gold mine' for HMRC snooping, warns lawyer

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A law firm has warned that the looming property portal will be a gold mine for tax investigators who are likely to focus on accidental landlords rather than rogue operators. The new landlord database proposed by the Renters (Reform) Bill could expose those landlords who may - p

EPCs: Leading mortgage lender to help landlords upgrade properties

EPCs: Leading mortgage lender to help landlords upgrade properties

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A new Home Energy Efficiency Tool promises to help landlords and homeowners make their homes more energy efficient and reduce bills. The Nationwide Building Society initiative aims to provide information about their current energy use and will then outline the cost, energy or ca

EXCLUSIVE: Evictions halted as bailiffs down tools over safety concerns

EXCLUSIVE: Evictions halted as bailiffs down tools over safety concerns

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Landlords face even longer waits than normal to evict tenants in London after two big landlords were told that bailiff operations are to be suspended for the foreseeable future. This unusual situation has been blamed by officials on now confirmed health and safety reaso

'Reform bill misses point - we need more affordable rented homes, not regulation'

'Reform bill misses point - we need more affordable rented homes, not regulation'

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Rent reforms wont work until the real problem of affordable housing waiting lists is addressed, according to leading property expert Kate Faulkner. Although MPs are focusing on the PRS, the housing crisis is nothing to do with the private sector, believes Faulkner, who sugges

NAMED: Where landlords will face hottest competition from Build to Rent

NAMED: Where landlords will face hottest competition from Build to Rent

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Traditional landlords in the Midlands face growing competition as the region looks set to witness a big expansion in the build-to-rent sector. Birmingham led the way nationally in 2021, according to JLL, which reports that of the pipeline of 50,000 BTR homes outside London, 11,3

Lenders pull BTR mortgages as Bank of England threatens more rate rises

Lenders pull BTR mortgages as Bank of England threatens more rate rises

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Landlords have increasingly fewer BTL mortgages to choose from as lenders withdraw products amid a rise in average fixed rates. Moneyfacts reports that since the beginning of last week, the number available has dropped from 2,748 deals to 2,343 while the average rate on two- and

HMO landlord loses landmark appeal against ban and £22,000 fine

HMO landlord loses landmark appeal against ban and £22,000 fine

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A rogue landlord has lost a landmark case after she failed to convince an Upper Tribunal to overturn her banning order. <figure id="" class="w-richtext-figure-type- " data-rt-type="" data-rt-align=""><div><img src="https://cdn.prod.website-files.com/63bef2f3c329eff8e3a4af45/64cb99f6e035517f

BREAKING: Scotland extends rent cap and evictions freeze until March 2024

BREAKING: Scotland extends rent cap and evictions freeze until March 2024

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Landlords in Scotland face further pain after it was announced today that it will for a second time extend the rent cap and evictions freeze first introduced in October last year to help combat rising inflation. The measures within the Cost of Living (Tenant Protec

MYSTERY shoppers reveal holes in BTR's claims to be 'better than PRS'

MYSTERY shoppers reveal holes in BTR's claims to be 'better than PRS'

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The burgeoning build-to-rent (BTR) sector has been warned not to rest on its laurels as new research reveals slipping customer service standards. Consultancy hereSAYs BTR Mystery Shopping Benchmark Report found that although the developments still prese

PICS: Dawn raid in London reveals 'shocking and horrifying' illegal HMO

PICS: Dawn raid in London reveals 'shocking and horrifying' illegal HMO

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Eleven tenants have been found crammed in a squalid and illegal HMO during a dawn raid on a three-bedroom house in Wembley. <figure id="" class="w-richtext-figure-type- " data-rt-type="" data-rt-align=""><div><img src="https://cdn.prod.website-files.com/63bef2f3c329eff8e3a4af45/64cb9a422825