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Rents soar as agents report rising tenant demand but landlord slump

Rents soar as agents report rising tenant demand but landlord slump

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The Governments housing policies are coming home to roost as tenant demand continues to soar but the number of landlords advertising new properties to rent plummets, it has been revealed. RICS says that during June it found significantly more members (a net balance increase o

NEW: Big London borough brings in tighter HMO conversion rules for landlords

NEW: Big London borough brings in tighter HMO conversion rules for landlords

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Landlords in one of London's biggest boroughs now need planning permission to convert family homes into HMOs for three to six tenants. After a year-long pilot and consultation with residents, the London Borough of Hounslow (main picture) has made its borough-wide A

LATEST: Mortgage problems drive surge in portfolio landlords selling up

LATEST: Mortgage problems drive surge in portfolio landlords selling up

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Landlords with portfolios of 20 properties or more are making up the bulk of enquiries about selling to the Landlord Sales Agency. Despite reports that smaller landlords with one or two properties will be hardest hit by current market conditions, the firm has one landlord client

Housing chief tries to reassure landlords over looming eviction changes

Housing chief tries to reassure landlords over looming eviction changes

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Government officials have reassured private landlords that judges will be able to consider a wider range of behaviours before using their judicial discretion in ASB eviction cases. Giving evidence to the Levelling Up Housing and Communities Committee into

Almost a quarter of a million buy-to-let landlords are facing losses

Almost a quarter of a million buy-to-let landlords are facing losses

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According to the Daily Telegraph, around 225,000 landlords will be in a loss making situation following the latest jump in refinancing costs. It is estimated that these landlords will be in the red when they come to refinance as mortgage rates are climbing towards

Renting reform bill progress unlikely until much later this year, admits minister

Renting reform bill progress unlikely until much later this year, admits minister

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The Governments Renters Reform Bill is unlikely to make progress through parliament until much later this year, housing minister Rachel Maclean has admitted. Maclean was unable to confirm when the bill would get a second reading during a Q&A with MPs from the Levelling Up

Labour WARNED over claim that 'most renters live in homes owned via mortgages'

Labour WARNED over claim that 'most renters live in homes owned via mortgages'

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A team of independent fact checkers and campaigners has debunked Labours claims that most renters live in homes bought with a buy-to-let mortgage. Deputy leader Angela Rayner made the assertion last week, but charity Full Fact says the claim is technically incorrect, as it ho

Horrendous overcrowding at dilapidated HMO leads to £17,000 fine for landlord

Horrendous overcrowding at dilapidated HMO leads to £17,000 fine for landlord

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A letting agency-owning landlord has been fined more than £17,000 for renting out one small room in an HMO to a family of five. Ruhul Shamsuddin and his company Lordsons Estates were found guilty of 23 housing offences relating to a

Bank of England warns landlords face 'impossible position' as rates rise

Bank of England warns landlords face 'impossible position' as rates rise

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The Bank of England has warned that landlords with mortgages are under increasing strain from higher interest payments and other structural factors, all of which are likely to put pressure on their incomes�. The commentary is within the banks latest https:

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New property 'powerhouse' organisation being planned

New property 'powerhouse' organisation being planned

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The formation of a new ‘powerhouse’ organisation to represent the commercial property sector including build-to-rent and co-living is under way, it has been announced.

Labour confirms plan to force landlords to lease out shops

Labour confirms plan to force landlords to lease out shops

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Labour has confirmed that it will compel landlords of high street shops to rent out their premises if they stand empty for too long.

First dates live for new NRLA Renters’ Rights course

First dates live for new NRLA Renters’ Rights course

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The NRLA is launching a new course, which will guide landlords through the new legislation.

Early signs of a turnaround in commercial property demand

Early signs of a turnaround in commercial property demand

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Commercial property has been hit hard over the Covid period. Rightmove, with its copious amounts of data, has identified something of a turnaround

Landlord and former estate agent becomes shadow housing secretary

Landlord and former estate agent becomes shadow housing secretary

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A former estate agent who founded one of the UK’s largest property firms has been named by Kemi Badenoch as shadow housing secretary.

Government reveals intiative to build 3,000 rented homes

Government reveals intiative to build 3,000 rented homes

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The Government is to become a significant provider of affordable private sector rental homes with plans to build some 3,000 units under a new name, Habiko.

Landlord pays a high price after forgetting to chase up licence

Landlord pays a high price after forgetting to chase up licence

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A landlord who forgot to chase up a licencing application for her rented property in London has paid a heavy price for her mistake after being ordered to return rent totalling £11,245 to her tenants.

Property licencing schemes should last for ten years, MPs are told

Property licencing schemes should last for ten years, MPs are told

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Comment has been made the Chartered Institue of Health Officers, which says such schemes should be the key tool for improving PRS home quality.

No change to CGT - but four landlords say 'we’re out!'

No change to CGT - but four landlords say 'we’re out!'

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Despite the overall good news, many landlords have remained in brace position and have reached out to exit the market and sell their buy-to-lets.

Letting agents back HMO council tax re-banding reform proposals

Letting agents back HMO council tax re-banding reform proposals

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Letting agents have backed the Governments decision to reform the way HMO properties are banded for council tax. Propertymark, which represents the estate agency sector, says in its submission to a consultation by the Department of Levelling Up, Housing and Communities that p

LATEST: Greens say 'immediate' rent freeze is only answer to housing crisis

LATEST: Greens say 'immediate' rent freeze is only answer to housing crisis

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Landlords wanting to back the eco movement may want to pause for thought after the Green Party today vowed to bring in an immediate rent freeze and no-fault eviction ban to tackle the housing crisis. During an election campaign visit to Suffolk, party co-leaders Carla Denyer and

Landlord jailed after ignoring court order to improve rat-infested property

Landlord jailed after ignoring court order to improve rat-infested property

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A rogue landlord has been jailed for 10 months after he failed to comply with conditions set by a court concerning his rat-infested property. Martin Ambler admitted four counts of breaching a criminal behaviour order in May 2022 but sentencing was deferred so that he could instr

Have you been hit by the 'cost of landlording' crisis? Here's some help

Have you been hit by the 'cost of landlording' crisis? Here's some help

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There is a lot of talk at the moment about how rents are up by 11% across the UK and although I know its tough on renters, landlord costs have, in many cases, doubled. This includes mortgage premium payments following interest rates rises from 0.5% to 4% in just 12 months, an

Tory think-tank and Shelter push for three-year tenancies for PRS

Tory think-tank and Shelter push for three-year tenancies for PRS

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The government should introduce three-year tenancies to protect tenants from uncertainty and rising rents, according to a liberal conservative think tank report. The Bright Blue group has teamed up with Shelter to publish, <strong id

NEW: Coalition slams Scots Government over rent cap and evictions freeze

NEW: Coalition slams Scots Government over rent cap and evictions freeze

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Landlords have heavily criticised the Scottish governments decision to implement its evictions freeze and rent cap without a proper consultation. The measures, which were widely criticised earlier this year for being rushed through, are now being fought by a coalition of orga

Mortgage provider sets up �50 million fund to help landlords upgrade EPCs

Mortgage provider sets up �50 million fund to help landlords upgrade EPCs

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A BTL mortgage provider has pledged to invest �50 million in a fund to help landlords enhance their propertys energy efficiency. OSB Group will channel the cash through its recently launched https://landlordleaders.osb.co.uk/media/w5ajeto5/osb

'Letting agents must help landlords navigate looming renting reforms'

'Letting agents must help landlords navigate looming renting reforms'

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Evictions expert Paul Shamplina has warned landlords and letting agents that the looming Renters Reform Act will present major challenges for the private rented sector as a wall of new red tape arrives. Speaking to a group of Belvoir business owners Shamplina who is also

WARNING: Long-term Airbnb lets ARE same as traditional ASTs, rules judge

WARNING: Long-term Airbnb lets ARE same as traditional ASTs, rules judge

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An Airbnb landlord faces a �102,000 court bill after a judge ruled that his long-term let was effectively an AST which gave protection to the guests he had harassed. Talha Abbasi let out his �3,435-a-month Maida Vale flat in November 2021 to Countess Christine Bolza and Count

Labour MP tells TV show that Section 21 evictions wrong in all circumstances

Labour MP tells TV show that Section 21 evictions wrong in all circumstances

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Labour MP Diane Abbott has told TV viewers that bad landlords are those who use Section 21 to evict their tenants, whatever the reason. Despite there being genuine reasons for using the notice, such as non-paying tenants or anti-social behaviour, the London MP appeared on <a hre

DEPOSITS: Five weeks' rent 'not enough in many rent arrears and damage cases'

DEPOSITS: Five weeks' rent 'not enough in many rent arrears and damage cases'

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New research reveals that deposits of five weeks rent dont provide landlords with enough protection in more than 10% of cases. Alternative deposit firm Reposit studied 20,000 tenancy agreements dating back to 2016 and found that landlords needed to r

BREAKING: 'London landlord and agent fines on track to hit record high this year'

BREAKING: 'London landlord and agent fines on track to hit record high this year'

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This year London is on track to see the highest level of fines levied against rogue landlords and letting agents, it has been revealed as more and more councils begin operating licencing schemes. Geospatial compliance platform Kamma says it expects to see a 50% increase in enfor

TAX: New rates rules for holiday rental properties go live

TAX: New rates rules for holiday rental properties go live

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New rules on holiday lets in England and Wales have taken effect which could force many owners to pay council tax instead of business rates. Self-catering properties in England must now be available for letting commercially for short periods of 140 nights

'Sickened' landlord slams Scots eviction ban after tenants trash home

'Sickened' landlord slams Scots eviction ban after tenants trash home

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A landlord has warned others to make more regular checks on their rental properties after falling foul of Scotlands ongoing https://www.landlordzone.co.uk/news/vote-rent-rises-in-scotland-to-be-capped-at-3-until-october-msps-agree/" target="_blank" eviction b

NEW: Huge demand for rental property pushes up average rent to �993 a month

NEW: Huge demand for rental property pushes up average rent to �993 a month

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Demand for rental properties reached exceptional high levels last month pushing asking rents for new tenancies to new highs, it has been revealed. Referencing and rent guarantee firm Homelet , which processes approximately a million tenancy applicatio

LATEST: Ministers consider forcing landlords to rent out empty shops

LATEST: Ministers consider forcing landlords to rent out empty shops

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Landlords are being asked for their views on plans to forcibly rent out persistently vacant commercial properties to new tenants in a bid to rejuvenate high streets.&nbsp; High Street Rental Auctions - a new power for local authorities in England - is part

Landlord faces jail if he abuses tenant - his MOTHER - again!

Landlord faces jail if he abuses tenant - his MOTHER - again!

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The landlord of a retirement flat faces jail if he contravenes a court order not to visit the property or engage in abusive, insulting and intimidating behaviour likely to cause harassment, alarm or distress�. During a hearing at Sheffield Crown Court, Judge Sadiq told land

Northern Ireland unveils radical affordable PRS scheme for landlords

Northern Ireland unveils radical affordable PRS scheme for landlords

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Northern Ireland has unveiled a radical new type of private rented housing that aims to provide more high quality, affordable homes in the region. Intermediate rent is not social housing but will offer rents set at a level below the open private rented market, while renters will

Lenders blame LHA freeze on 1000s of landlords falling into mortgage arrears

Lenders blame LHA freeze on 1000s of landlords falling into mortgage arrears

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UK Finance has called on the government to review the local housing allowance (LHA) to prevent more private landlords falling behind on their mortgage repayments and potentially having to evict their tenants. The trade association for the UK banking and financial services sector

Comment: will landlords really evict anti-social tenants in two weeks?

Comment: will landlords really evict anti-social tenants in two weeks?

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Renters at risk under plans to let landlords evict tenants with two weeks notice,� says one headline. Yes, it kind of implies that tenants will be summarily evicted, I thought so when I first read it. As the recent press reports would have us believe, but this is not going

Ringleaders of shocking illegal HMO property gang fined �434,000

Ringleaders of shocking illegal HMO property gang fined �434,000

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The activities of a huge HMO renting scam gang has been uncovered following a four-year investigation, with the five key individuals and three companies involved fined a total of �434,000. Following an investigation by West Northamptonshire Councils Private Sector Housing Te

'Revenge evictions' following tenant repair requests still common, says Shelter

'Revenge evictions' following tenant repair requests still common, says Shelter

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Private renters who complained to their landlord, letting agent or local council in the last three years were two and a half times (159%) more likely to be handed an eviction notice than those who kept quiet. New research from Shelter compiled by YouGov using online survey r

Landlord and her letting agency to pay HUGE fine over illegal HMO

Landlord and her letting agency to pay HUGE fine over illegal HMO

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A landlord and her letting agency have together been fined more than �45,000 for illegally running an HMO. Barking and Dagenham Councils private sector housing team first discovered that professional landlord Husna Patel had not applied for, or been gr

In-house inventory services offered by letting agencies 'lack transparency' - claim

In-house inventory services offered by letting agencies 'lack transparency' - claim

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Property firms using their own inventory services are undermining the sectors integrity, according to the Association of Independent Inventory Clerks. It wants the government to include measures in the Renters Reform Bill to guarantee more transparency

BLOG: Six tax changes affecting private landlords this year

BLOG: Six tax changes affecting private landlords this year

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The Government has made several changes to how income and profits are taxed in recent years and some of these will take effect from the new tax year on 6th April, with higher earners and those letting via a limited company most affected. Heres the six changes