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Confidence now worse in BTL than during the financial crisis

Confidence now worse in BTL than during the financial crisis

02/02/2016

Landlords’ confidence in the buy to let (BTL) sector has collapsed to an all-time low and is now ‘worse than levels witnessed during the financial crash’, the CEO of the UK’s largest landlord association will tell leading mortgage professionals today (2nd February 2016). Richard Lambert, Chief Executive Officer of the National Landlords Association (NLA), will… Read more

Spareroom founder seeks flatmates to share his £3m home with pay what you can afford

Spareroom founder seeks flatmates to share his £3m home with pay what you can afford

11/01/2016

More than a decade after setting up SpareRoom.co.uk, founder Rupert Hunt is using his own site to find housemates to share his East London home. The six-bedroom, five-floor Georgian house in Spitalfields – complete with a grand piano, taxidermy bear and Aga – has been Rupert’s home since 2013. It’s in prime celeb spotting territory… Read more

Home Office News Release

Home Office News Release

08/01/2016

LANDLORDS IN ENGLAND GET READY FOR RIGHT TO RENT Landlords are being reminded that there is less than a month to go before ‘Right to Rent’ goes live across England. The new law means that from 1 February 2016, landlords will have to carry out quick and simple checks to ensure potential tenants have the… Read more

Housing Minister cans requirement for Client Money Protection

Housing Minister cans requirement for Client Money Protection

07/01/2016

The Housing minister, Brandon Lewis, opposed a clause in the new Housing and Planning Bill that would have required all letting agents to carry Client Money Protection insurance. Teresa Pearce, Labour MP for Erith and Thamesmead, who proposed the clause indicating that there was industry support said,”The new clause is designed to protect both parties… Read more

Lord Flight calls for Government rethink or risk Buy to Let crisis

Lord Flight calls for Government rethink or risk Buy to Let crisis

06/01/2016

Lord Howard Flight a Tory Peer and former Shadow Chief Secretary to the Treasury has written in the website “conservativehome – the home of conservatism” criticising the sudden attack on Buy to Let by his own party. These attacks include the restriction of mortgage interest relief and a 3% Stamp Duty surcharge on second homes… Read more

Landlord Action calls for a Rogue Tenant List

Landlord Action calls for a Rogue Tenant List

04/01/2016

The Housing and Planning Bill is currently making its way through Parliament following a Government consultation on ‘Tackling rogue landlords and improving the private rental sector’. They are proposing a blacklist of persistent rogue landlords and letting agents. In response, Paul Shamplina, Founder of Landlord Action, is calling for a blacklist of persistent rogue tenants… Read more

Spareroom survey says Landlords will raise rents in 2016 to cover cost of the new legislation

Spareroom survey says Landlords will raise rents in 2016 to cover cost of the new legislation

30/12/2015

With an uncertain year ahead for buy-to-let landlords, almost half (45%) are planning to raise their rents in 2016, and almost one in five (18%) are planning inflation-busting increases of more than 3%, according to a survey carried out by flatshare site, SpareRoom.co.uk. The most common reason landlords cite (38%) for raising rents is the… Read more

RICS warn Government policy could increase rents 25% over the next 5 years

RICS warn Government policy could increase rents 25% over the next 5 years

24/12/2015

The Royal Institute of Chartered Surveyors (RICS) has warned that rents could outstrip house prices with tenants paying as much as 25% more in 5 years time. Chief economist for RICS, Simon Rubinsohn, was concerned that recent government moves to discourage Buy to Let with a cap on mortgage interest relief and increasing stamp duty… Read more

Landlord licensing scheme in Redbridge rejected by government

Landlord licensing scheme in Redbridge rejected by government

23/12/2015

Commenting on the decision by Greg Clark, Secretary of State for the Department for Communities and Local Government (DCLG) to reject Redbridge Council’s application for a borough-wide landlord licensing scheme, Richard Lambert, CEO at the National Landlords Association (NLA) said: “The NLA did not believe that Redbridge’s proposals to licence every landlord across the Borough… Read more

Maps of BTL returns in England and Wales for 2010-2015

Maps of BTL returns in England and Wales for 2010-2015

15/12/2015

LendInvest have released their research data for the Buy To Let market in England and Wales. This data tracks the changes in rental yields, capital gains and landlords total return on investment since 2010. The North comes highest for rental yields with the top 8 being: Manchester, Liverpool, Cardiff, Coventry, Oldham, Sunderland, Blackburn and Durham… Read more

Controversial Landlord Fergus Wilson Sells

Controversial Landlord Fergus Wilson Sells

09/12/2015

Fergus Wilson, probably one of Britain’s most controversial Landlords, claims to have sold his portfolio of Buy to Let properties in Kent to a foreign consortium for £250 million. In a statement given to the Guardian Mr Wilson said, “We reached an agreement today with a consortium of buyers to sell our entire portfolio for… Read more

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