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City-backed firm to spend �1bn buying thousands of PRS properties with low EPCs

City-backed firm to spend �1bn buying thousands of PRS properties with low EPCs

News

A proptech firm is to spend �1 billion buying up 3,000 private rented properties with low EPC ratings around the UK, which it plans to retrofit and rent out on behalf of its backers. With many individual landlords threatening to quit the sector - faced with licensing schemes an

40% of privately rented homes won't make 2028 deadline - agents claim

40% of privately rented homes won't make 2028 deadline - agents claim

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Forty per cent of privately rented homes in England are unlikely to achieve the energy efficiency rating target that is due to come into force in 2028. Trade organisation Propertymark says its analysis of the latest English Housing Survey shows that 60 per cent of the rental sec

Looming EPC rules to cause mayhem in the rental market, warns senior figure

Looming EPC rules to cause mayhem in the rental market, warns senior figure

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A staggering one-third of landlords plan to quit the sector or do nothing to address energy efficiency failings if and when new EPC regulations kick in. Research carried out on behalf of Paragon Bank reveals that 21% of landlords would not carry out any necessary works to bring

'Landlords NOT worried over proposals to give tenants more pet rights' says NRLA

'Landlords NOT worried over proposals to give tenants more pet rights' says NRLA

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The NRLA has played down landlords fears about new Government proposals to give tenants the right to request a pet. Speaking on the Radio 4 You and Yours programme, director of policy Chris Norris said many landlords werent too worried about the government

OPINION: Why do landlords get the blame for rejecting tenants on Universal Credit?

OPINION: Why do landlords get the blame for rejecting tenants on Universal Credit?

Opinion

An official briefing document for MPs has underlined the contradictory position the government has manoeuvred itself into over landlords and letting agents who advertise properties as No DSS. The House of Commons Library document makes for interesting reading because, base

Well-known landlord jailed after defrauding HMRC out of £500,000

Well-known landlord jailed after defrauding HMRC out of £500,000

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A landlord who defrauded HMRC out of almost �500,000 by keeping deductions from his employees wages has been jailed for three years. Michael Stainer, 74, (inset, main picture) was found guilty of two counts of cheating the public revenue and one of fraud by false representat

Many UK buildings are in danger of becoming unusable in heatwaves

Many UK buildings are in danger of becoming unusable in heatwaves

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As temperatures in England and Wales soar this week, many office buildings will become unusable says real estate sustainability expert Chris Bennett of consultancy https://evoraglobal.com/" target="_blank" Evora Global - it should act as a powerful warning for real estate

'War on landlords' latest - 46,000 rental properties to disappear this year

'War on landlords' latest - 46,000 rental properties to disappear this year

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An estate agency has claimed that the governments war on landlords will cost the private rented market some 46,000 this year, or some 3,800 every month. Hamptons , which has branches all over the UK, says its research confirms that, as LandlordZONE

The cost of living crisis affects landlords as well as tenants

The cost of living crisis affects landlords as well as tenants

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With the cost of living crisis being the political issue of the day, and a political leadership contest underway, theres something of a hiatus in the way its being dealt with. But the situation is now quite urgent. Financial distress is now higher than during the pandemic.

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Tenants warned to know their rights after Chancellor announces more new homes

Tenants warned to know their rights after Chancellor announces more new homes

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Tenants have been warned to know their rights following Chancellor Rachel Reeves’ announcement of a £2billion investment in 18,000 new social and affordable homes.

Landlords in Scotland are warned to weigh up raising rents with risking void periods

Landlords in Scotland are warned to weigh up raising rents with risking void periods

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Landlords in Scotland have been warned to weigh up raising rents with risking void periods.

Concerns raised about whether new planning reforms go far enough to address housing shortage

Concerns raised about whether new planning reforms go far enough to address housing shortage

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Concerns about whether new planning reforms go far enough to address the country’s housing shortage have been raised by estate agents.

Guarantors - Labour pressured to remove a fundamental right for landlords

Guarantors - Labour pressured to remove a fundamental right for landlords

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Homelessness charities are requesting amendments to the Renters’ Rights Bill that would severely limit landlords’ right to use guarantor agreements

Inflation dips to 2.8%, boosting hopes of interest rate cuts

Inflation dips to 2.8%, boosting hopes of interest rate cuts

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Inflation has dipped, boosting mortgage borrowers’ hopes of more interest rate cuts.

Average asking rents have risen to £557 a week, new Foxton figures have revealed.

Average asking rents have risen to £557 a week, new Foxton figures have revealed.

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Average asking rents have risen to £557 a week, new Foxton figures have revealed.

Flat sales stall amid lack of meaningful progress on unsafe cladding repairs, estate agents warn

Flat sales stall amid lack of meaningful progress on unsafe cladding repairs, estate agents warn

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Many flat sales are stalling due to a lack of meaningful progress on unsafe cladding repairs, estate agents have warned.

Landlords invited to a “five-star training day” to help boost their property business

Landlords invited to a “five-star training day” to help boost their property business

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Landlords are being invited to a “five-star training day” to help them navigate the biggest changes in the rental market for 30 years.

Single-Family Housing market attracts attention amid surge in demand

Single-Family Housing market attracts attention amid surge in demand

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Investors are targeting the Single-Family Housing (SFH) market as the booming sector aims to help fill the PRS shortfall.

Reform and rate rises force investors to play the long game

Reform and rate rises force investors to play the long game

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Landlords who are relatively heavily leveraged and achieving gross yields much below 5% could be better off reducing their mortgage balance than purchasing another property, according to new market analysis. Hamptons annual overview of the rental market explains that higher i

Leading landlord tells TV star about challenging financial climate for PRS

Leading landlord tells TV star about challenging financial climate for PRS

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Property commentator Vanessa Warwick has admitted that she is one of the many landlords impacted by rising interest rates. Speaking to Phil Spencer on https://www.youtube.com/watch?v=kVVD6yVZlcc" Move iQs Property Podcast , the co-founder of PropertyTribes s

Landlord pays price for fire safety breach at failing HMO

Landlord pays price for fire safety breach at failing HMO

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A landlord has been ordered to pay out more than �10,000 for breaching safety regulations at his large HMO. Amonbir Mander had turned the London Hotel in Stroud into an https://www.landlordzone.co.uk/news/legal-expert-warns-over-move-to-exclude-asylum-seeker-hmos-from-

Cash boost for mortgages platform helping tenants buy their own homes

Cash boost for mortgages platform helping tenants buy their own homes

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Wayhome has raised �8 million

REVEALED: Name of landlord facing �115,000 fine for unlicensed HMOs

REVEALED: Name of landlord facing �115,000 fine for unlicensed HMOs

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A rogue landlord has been fined a whopping �115,181 for operating four poorly run and unlicensed HMOs. West Northamptonshire Councils private sector housing team inspected the four properties, including one at 93 St Michaels Road, Northampton (pictured), in March 2020 under

Landlords who evict illegally should be banned from sector, says Citizens Advice

Landlords who evict illegally should be banned from sector, says Citizens Advice

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Citizens Advice Scotland (CAS) is calling for a ban on landlords who evict tenants illegally as part of a strategy to clean up the private rented sector. Landlords can only be included on Scotlands landlord register if they pass a councils fit and proper person test an

BREAKING: New draft law reveals how 'occupation contracts' will work in Wales

BREAKING: New draft law reveals how 'occupation contracts' will work in Wales

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The Welsh Government has published the draft legislation that will change the terms of converted contracts and any renewals that replace them within the private rented sector. This is the mechanism that will replace ASTs in Wales and replace them with occupation contracts,

BIG READ: Tom's top tips for investing in buy to let

BIG READ: Tom's top tips for investing in buy to let

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Is buy to let still a good investment? In this article, Tom Entwistle, a residential and commercial landlord since the 1970s and founder of LandlordZONE , draws on his experience to weigh up whether now is a good time to invest. Is there ever a good time to

TV probe uncovers PRS platform's misleading claims within �470k funding pitch

TV probe uncovers PRS platform's misleading claims within �470k funding pitch

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A student lettings platform has been exposed for misleading investors while raising �470,000 in a crowdfunding pitch by boasting it would become the Uber of student rentals. Edinburgh-based Student Rents , run by father and son team Grant MacCusker a

Property investor hit with £16,000 rent repayment order after licencing failure

Property investor hit with £16,000 rent repayment order after licencing failure

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The director of a property investment and management firm has been stung with a £15,900 rent repayment order after failing to convince a First Tier Property Tribunal that he didnt know about HMO licensing. John Campbell , the boss of Hackn

Landlord given suspended prison sentence after appalling illegal eviction

Landlord given suspended prison sentence after appalling illegal eviction

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A landlord has been handed a suspended jail sentence for kicking out his tenant during a national eviction ban. Amjad Ali Khattak removed the womans possessions in December 2020 and left them on the street in the rain (pictured), which was witnessed by

Big questions still need answering over 'pet renting rights', senior figure warns

Big questions still need answering over 'pet renting rights', senior figure warns

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A senior property figure has both welcomed this week's Government announcement that guidance is imminent on how the pets element of its looming renting reforms will work but warned several problem areas need clearing up. Timothy Douglas (main picture), who is Head of Policy and

Rent cap and evictions ban forcing landlords out say 83% of Scots agents

Rent cap and evictions ban forcing landlords out say 83% of Scots agents

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Propertymark says Scotlands emergency legislation is alienating landlords, discouraging investment, inhibiting supply, and causing rents to rise faster. It reports that while most landlords cant evict tenants following the Cost of Living Act extension, those with tenancies

Labour plugs cheap loans for FTBs to stop landlords 'getting homes first'

Labour plugs cheap loans for FTBs to stop landlords 'getting homes first'

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Labours housing spokesman Lisa Nandy is pushing her plans for a mortgage guarantee scheme as a way to improve the lot of tenants in the PRS. The Shadow Secretary for Levelling Up, Housing and Communities newhttps://twitter.com/lisanandy/status/1649443361613307904?

Government's war on landlords causing havoc in the rental market

Government's war on landlords causing havoc in the rental market

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Britains demented war on landlords has already backfired�, says Daily Telegraph columnist Matthew Lynn, and There is no sign whatsoever that the Government realises it is to blame,� he says. Furthermore Mr Lynn says that the chaos in the rental market

Free service launches that saves landlords energy costs during voids

Free service launches that saves landlords energy costs during voids

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A void energy solution and switching service for 'end of tenancy' promises to trim pounds from landlords bills. Empty rental properties incur a range of standing charges that average between 10p and 80p per day for electricity and from 5p to 60p per day for gas, averaging out

ELECTIONS: 'Get political and quiz candidates' landlords are told

ELECTIONS: 'Get political and quiz candidates' landlords are told

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Landlords should do their homework before voting in the local elections next week and take the chance to quiz candidates on issues affecting the PRS, advises Leaders Romans Group (LRG). It points to a number of pressing local issues which can be determined

WARNING: Landlords have just five weeks to comply with new Welsh renting laws

WARNING: Landlords have just five weeks to comply with new Welsh renting laws

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Landlords have until 1st June to comply with the new and relatively convoluted Rented Homes Wales legislation following its introduction last December. Under the new law, standard contracts have replaced assured shorthold tenancies a

Block managers under fire over 'large commissions' paid to them by insurance firms

Block managers under fire over 'large commissions' paid to them by insurance firms

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Companies selling multi-occupancy insurance will have to act in leaseholders best interests under new proposals from the Financial Conduct Authority (FCA). It is demanding new rights and protections to improve the transparency of the multi-occupancy leasehold buildings insura

EXCLUSIVE: Jersey landlord leader slams rent controls and 'open' tenancies plan

EXCLUSIVE: Jersey landlord leader slams rent controls and 'open' tenancies plan

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Jersey has launched a consultation into sweeping reforms including rent controls and open-ended tenancies, prompting fears that they could force more private landlords to quit the sector. The islands government aims to increase protections for both tenants and landlords

BREAKING: Government considers harsher penalties for 'sex for rent' landlords

BREAKING: Government considers harsher penalties for 'sex for rent' landlords

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A new law to crack down on predatory landlords who exploit vulnerable people for sex in return for free or discounted rent is being considered, Home Secretary Suella Braverman (main picture) has announced. Her department is seeking the views of victims, the police and charities

Mandatory five-year electrical checks are required

Mandatory five-year electrical checks are required

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There are heavy fines for those landlords who fail to have their rental properties tested by a qualified electrician before letting, and for existing tenancies, or if they fail to comply with any of the important recommendations made in a test report. The landlord will ordinarily have 28 da

Landlords 'should add licencing update clauses to agency contracts' says judge

Landlords 'should add licencing update clauses to agency contracts' says judge

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A Tribunal judge has warned landlords that unless they have a specific contractual arrangement with their letting agency to keep them abreast of licencing requirements it will - in most circumstances - be the landlord who pays the fine for non-compliance. Judge Phillip Barber ha

More landlords moving to limited companies as list tops 60,000

More landlords moving to limited companies as list tops 60,000

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The number of VAT and/or PAYE enterprises operating in the UKs residential and commercial rental sectors climbed 2% in the past year, despite the governments best efforts to deter investment. Analysis of government data by debt advisory firm https://siriusfinance.

Council tries AGAIN to start UK's most controversial licencing scheme

Council tries AGAIN to start UK's most controversial licencing scheme

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Luton Council is making yet another attempt to bring in two new licensing schemes after a string of false starts amid landlord opposition. Its overview and scrutiny board has agreed to recommend a town-wide additional scheme as well as a selective scheme in South ward, which now