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London rents rise faster than inflation to �1,499 a month as tenants fight over flats

London rents rise faster than inflation to �1,499 a month as tenants fight over flats

News

Continued demand for detached properties and a post-Covid resurgence in rent for flats has pushed annual increases in London above inflation. Average rents have accelerated by 4% to �1,499 during Q3 more than double the previous quarters rise and up 11% (�160) highe

LATEST: 'Rishi' effect kicks in as mortgage rates begin to reduce

LATEST: 'Rishi' effect kicks in as mortgage rates begin to reduce

News

The Rishi effect has started to impact mortgage rates just a day after the new PM was announced. As former Chancellor Rishi Sunak moves into number 10, some lenders have announced plans to drop their rates from tomorrow; Coventry Building Society is reducing its new busine

City to fine landlords up to �5,000 for failing to attain EPC E rating for properties

City to fine landlords up to �5,000 for failing to attain EPC E rating for properties

News

Nottingham landlords could face a �5,000 fine if their property doesnt have an EPC E rating as the city council bids to crack down on cold homes. The authority has agreed to adopt financial penalties under the Energy Efficiency (Private Rented Property in Engla

Navigating soaring energy bills and the cost of living crisis - Property podcast - Total Landlord Insurance

Navigating soaring energy bills and the cost of living crisis - Property podcast - Total Landlord Insurance

Podcast

In this episode of The Property Cast, Eddie and Paul welcome energy expert and Head of Tenancy Services at Goodlord, Rik Smith. Drawing on his in-depth knowledge of the residential energy market, Rik cuts through the jargon to explain what is happening in the energy market at la

Legislation: What do landlords and agents need to know?

Legislation: What do landlords and agents need to know?

Podcast

In this episode of The Property Cast, we discuss how landlords and agents can stay on top of their legal obligations. Landlords now have to meet 168 rules and regulations to let a property legally, but what are the latest legislative updates that landlords and agents need to kno

Decarbonising the rented sector - what do landlords need to know?

Decarbonising the rented sector - what do landlords need to know?

Podcast

The Property Cast returns for 2022 and our first episode discusses what the Governments strategy is to achieve decarbonization of the private rented sector? What is the NRLA doing to support landlords? And what do landlords need to know? Eddie and Paul are joined by CEO of th

House prices soared 14% in the last 12 months, how far will they fall?

House prices soared 14% in the last 12 months, how far will they fall?

News

With inflation now into double figures, with all the financial shenanigans over the mini budget, the 10 year risk free bond yield at around 5 percent, its sending mortgages rates above 6 per cent, so how low will house prices go? It seems inevitable prices will fall, but by h

Prominent landlord tells BBC how his mortgage payments now outstrip rental income

Prominent landlord tells BBC how his mortgage payments now outstrip rental income

News

A prominent landlord in the North East has told the BBCs Newsnight programme that unless variable mortgage rates reduce he will have to start handing the keys back to the ten or so properties within his portfolio. <figure id="" class="w-richtext-figure-type- " data-rt-type="" da

Landlord slammed for 'telling truth' about evictions on Good Morning Britain

Landlord slammed for 'telling truth' about evictions on Good Morning Britain

News

Outspoken landlord Tina Knight has incurred the wrath of social media users by outlining the sectors eviction headaches on Good Morning Britain. She told presenters Susanna Reid and Richard Madeley that tenants have too much power and described some landlords

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Double whammy for landlords as costs & complexity rise, while rent increases stall

Double whammy for landlords as costs & complexity rise, while rent increases stall

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Letting costs and complexity increase, while tenant affordability stalls...

Number of new licensing schemes lined up has surpassed last year’s total

Number of new licensing schemes lined up has surpassed last year’s total

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News
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The number of licensing schemes lined up to launch this year has already surpassed last year’s total, as councils continue to put the financial squeeze on landlords.

Landlord avoids £29K rent repayment order after tribunal ruling

Landlord avoids £29K rent repayment order after tribunal ruling

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News
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A landlord has avoided a £29,000 rent repayment order after a First Tier Property Tribunal ruled that he had been the victim of administrative failings by Southwark Council.

Renters' Rights Bill to be discussed by expert panel at National Landlord Investment Show

Renters' Rights Bill to be discussed by expert panel at National Landlord Investment Show

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News
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The huge changes that the Renters' Rights Bill will introduce for private landlords will be addressed by a panel of top experts at this year’s National Landlord Investment Show.

Tenants likely to go for every target when tougher rent repayment orders take effect, warns solicitor

Tenants likely to go for every target when tougher rent repayment orders take effect, warns solicitor

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News
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Tenants are likely to go after every plausible target when tougher rent repayment orders take effect later this year, a solicitor has warned.

Number of new tenancies agreed increases, Propertymark reveals

Number of new tenancies agreed increases, Propertymark reveals

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The average number of new tenancies agreed per lettings agent branch climbed to around eight in the first month of this year, a new report has revealed

Rogue landlords face revised penalties of up to £30,000 per offence, Haringey Council warns

Rogue landlords face revised penalties of up to £30,000 per offence, Haringey Council warns

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News
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Haringey Council has introduced tougher fines for errant landlords in a bid to raise housing standards across the London borough.

Shrinking pool of rental homes continues to drive up rents, reports RICS

Shrinking pool of rental homes continues to drive up rents, reports RICS

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News
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A shrinking pool of rental properties continued to drive up rents last month, despite reduced demand from tenants

Rental homes that aren’t up to scratch are under increased threat

Rental homes that aren’t up to scratch are under increased threat

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News
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Private landlords whose properties aren’t up to scratch face a significant increase in pressure and threat when the Decent Home Standard kicks in.

Major portal launches national 'rent passport' initiative for tenants and agents

Major portal launches national 'rent passport' initiative for tenants and agents

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News
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One of the UKs big property portals has launched an initiative to enable renters to become rent ready as they hunt for homes. OnTheMarket.com, which is a competitor with Rightmove and Zoopla, has now fully integrated Canopys RentPassport service into its platform.</p

BLOG: Hit or miss - how will the long-awaited Renters' Reform Bill be received?

BLOG: Hit or miss - how will the long-awaited Renters' Reform Bill be received?

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News
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In the first in a series of blogs for LandlordZONE on rental reform, Sean Hooker , Head of Redress at the https://www.theprs.co.uk/" Property Redress Scheme , shares his thoughts on yet another delay to the Renters Reform Bil

Plea to support landlords with rental reforms as record numbers plan exodus

Plea to support landlords with rental reforms as record numbers plan exodus

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News
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The https://www.landlordzone.co.uk/news/hold-up-for-renters-reform-bill-blamed-on-procedural-issues/" Renters Reform Bill will increase pressure on landlords and may force even more to quit the market, warns the Royal Institution of Chartered Surveyors (https://w

Interest rate rise set to hit mortgage payments and rental market

Interest rate rise set to hit mortgage payments and rental market

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The Bank of England has hiked https://www.landlordzone.co.uk/news/revealed-why-higher-interest-rates-are-making-it-trickier-for-btl-investors/" interest rates by 0.25 percentage points, pushing the base rate to 4.5% and raising fears that this could exacerbate rental pric

Gove shelves plans to scrap leaseholds after Number 10 row

Gove shelves plans to scrap leaseholds after Number 10 row

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News
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Housing Secretary Michael Gove has dropped plans to abolish leaseholds in England and Wales after Downing Street officials argued there was not enough time to enact such major reforms. Despite describing it as an outdated feudal system� and pledging to get rid of h

Manchester rolls out next wave of selective licensing schemes

Manchester rolls out next wave of selective licensing schemes

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News
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Five more https://www.landlordzone.co.uk/news/latest-big-city-to-go-live-with-controversial-selective-licensing-plan/" selective licensing schemes have opened in https://www.landlordzone.co.uk/news/new-devolution-deal-gives-manchester-more-rogue-landlord-powers/"

Housing charity blasts misleading rent-to-rent claims

Housing charity blasts misleading rent-to-rent claims

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News
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https://www.shelter.org.uk/" Shelter has strenuously denied that it is involved in any https://www.landlordzone.co.uk/news/rent-to-rent-craze-adding-to-uks-renting-crisis/" rent-to-rent schemes after it was claimed that the charity was either acting as

Hold-up for Renters' Reform Bill blamed on 'procedural issues'

Hold-up for Renters' Reform Bill blamed on 'procedural issues'

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News
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The government has delayed its long-awaited https://www.landlordzone.co.uk/news/latest-renters-reform-bill-due-next-week-after-coronation-says-gove/" Renters Reform Bill , raising fears from the opposition that the draft legislation could be diluted. It blam

The best service for landlords who need to sell their property

The best service for landlords who need to sell their property

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If you're a landlord who needs to sell their properties and is struggling, keep reading, because we have the best solution for you. No catch, no fuss, we simply know exactly what to do to help you. <figure id="" class="w-richtext-figure-type- " data-rt-type="" data-rt-align=""><div><img

No deposit needed for home-buying renters with good track record

No deposit needed for home-buying renters with good track record

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News
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https://www.skipton.co.uk/" Skipton has launched a new mortgage specifically for renters who can now buy a house without needing a deposit. Tenants who can evidence affordability and have a strong track record of rental payments can borrow up to 100% of a prop

Landlords rush to offload their energy-poor properties

Landlords rush to offload their energy-poor properties

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Thousands of private landlords have started selling their properties ahead of government changes to Energy Performance Certificate (EPC) regulations. More than 65,000 rental properties went up for sale in the first three months of the year, 36,460 of which had an EPC rating of

Education job needed for tenants to make link between cold and mould

Education job needed for tenants to make link between cold and mould

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Public information campaigns are needed to raise awareness of the consequences of not turning the heating on as often in rented properties, says the NRLA. When quizzing 2,000 tenants in England and Wales about the impact rising utility bills have had on their household budget, t

Paragon Bank reports highest ever tenant demand

Paragon Bank reports highest ever tenant demand

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A survey of almost 700 landlords, carried out by BVA BDRC for Paragon, reveals that that 67% of landlord respondents had experienced higher than usual tenant demand during the first three months of this year. This, according to Paragon, represents a new all-time high and up from 65% reco

Most UK office landlords have no sustainability strategy

Most UK office landlords have no sustainability strategy

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According to the findings of recent research commissioned by infinitSpace, in partnership with The Instant Group, the majority of UK office landlords have not made any concrete plans to improve the energy efficiency ratings of their buildings they do not have any form of sustainability

The Property Cast: How can landlords spot a bad letting agent?

The Property Cast: How can landlords spot a bad letting agent?

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News
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In https://www.totallandlordinsurance.co.uk/knowledge-centre/propertymarks-perspective-on-lettings-the-property-cast-total-landlord-insurance?utm_source=landlordzone&utm_medium=article&utm_campaign=propertymark+podcast+may+2023" target="_blank" this episode of T

REVEALED: Why higher interest rates are making it trickier for BTL investors

REVEALED: Why higher interest rates are making it trickier for BTL investors

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News
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Buy-to-let mortgage searches were down 23% in April compared to the previous month, while investors have been putting down larger deposits as high-interest rates bite. Research by https://www.twenty7tec.com/" target="_blank" Twenty7tec shows that average loan-

New report urges Government to stop describing private landlords as 'bad'

New report urges Government to stop describing private landlords as 'bad'

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Government policy should move away from thinking that social housing and home ownership are good while private landlords are bad if it is to solve the rental stock and rent costs crisis. That's the view of a new report from Cambridge University Land Society which says this mi

87 MPs are now landlords including Chancellor, research reveals

87 MPs are now landlords including Chancellor, research reveals

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Nearly one in five Conservative MPs are currently landlords, according to research by campaign group 38 Degrees, a surprising figure given the Government's anti-landlord stance in recent years. The study counted 87 MP landlords more than 13% of the Commons of whom 53 cla

LATEST: Renters' Reform Bill due next week after Coronation, says Gove

LATEST: Renters' Reform Bill due next week after Coronation, says Gove

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The Renters Reform Bill is finally due to be published next week four years after it was first discussed. As predicted, the draft legislation will begin life a few days after the Kings coronation, Housing Secretary Michael Gove confirmed on Sky News this morning. <

COURT: Landlord jailed for 13 months after failures lead to tenant's death

COURT: Landlord jailed for 13 months after failures lead to tenant's death

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A rogue landlord whose failure to fit a smoke alarm contributed to his tenants death has been jailed for 13 months. Humraz Pinnu Shahid, 43, of Oakwood Lane, Leeds, spent years denying he owned the basement flat on Berkeley Grove (pictured) where Philip Sheridan

BLOG: Can 'guaranteed rent' attract more landlords and fix the social housing crisis?

BLOG: Can 'guaranteed rent' attract more landlords and fix the social housing crisis?

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As the largest accredited supplier of properties to local authorities in London and Essex, Leigh Young (pictured), Co-founder of the Elliot Leigh Guaranteed Rent Scheme, talks about how a shift in mindset could help some landlords navigate the current and future market challen

Propertymark's perspective on lettings - The Property Cast, Total Landlord Insurance

Propertymark's perspective on lettings - The Property Cast, Total Landlord Insurance

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In this episode of The Property Cast, Eddie is joined by Sean Hooker, Head of Redress at the Property Redress Scheme and special guest - a big hitter in the property market - Nathan Emerson, CEO of Propertymark, the leading membership body for property agents. � Wi

Airbnb returns to its roots with 'Rooms' but will initiative silence critics?

Airbnb returns to its roots with 'Rooms' but will initiative silence critics?

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Airbnb is going back to its roots by launching Airbnb Rooms, an updated version of its original aim to let guests stay in a room within someone elses home. The platform explains that in the current cost-of-living crisis, and years of being isolated, visitors are looking for

Tax to double for Airbnb rental properties in Scots holiday hotspots

Tax to double for Airbnb rental properties in Scots holiday hotspots

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The Scottish Government has followed its https://www.landlordzone.co.uk/news/clamp-down-on-letting-second-homes-planned/" target="_blank" English counterpart and revealed plans to manage the number of second homes and holiday rentals more aggressively within the country

Renters still don't understand build-to-rent 'offer' says leading figure

Renters still don't understand build-to-rent 'offer' says leading figure

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A 'lack of understanding' about the build-to-rent (BTR) sector is preventing it from offering a speedy solution to the housing crisis, according to one trade association boss. https://ukaa.org.uk/" target="_blank" UK Apartment Association </a