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Landlord News

Bank of England

Bank of England concerns over Buy to Let risks to Financial Stability

02/07/2015

The Buy to Let (BTL) market has continued to grow rapidly and now accounts for 15% of all outstanding mortgages and 18% of the total flow of new mortgages as reported in the Bank of England Financial Stability Report (see chart below). This recovery in BTL has been assisted by increased competition from lenders leading… Read more

Landlords rejoice as Superstrike problems are no more

Superstike – Deposit Protection rules reminder

01/07/2015

Landlords up and down the country will (or should) be celebrating the demise of the ridiculous rules we have all had to put up with following the Court of Appeal decision in the Superstrike case. This is due to the amendments in the Deregulation Act 2015 which received the Royal Assent on 26 March, and… Read more

smoke alarms

Are your properties meeting the requirements for smoke and carbon monoxide alarms?

24/06/2015

Over the last 18 months the private rental sector has been under increased scrutiny as a result of new legislation and demands for transparency. An announcement made by Housing Minister Brandon Lewis in March of this year means that private landlords will have a legal obligation to install working smoke and carbon monoxide alarms in… Read more

Sub-letting scam exposed by Channel 5 in first of six-part series with Landlord Action

Sub-letting scam exposed by Channel 5 in first of six-part series with Landlord Action

22/06/2015

On Wednesday 24th June 2015 at 9pm, Channel 5 will air the first episode of ‘Nightmare Tenants, Slum Landlords’, a six-part series following leading eviction specialists, Landlord Action, and council teams from across Britain, as they deal with the gritty side of the UK’s buy-to-let industry, exposing problematic tenants and dishonest landlords. With 8 million… Read more

NLA logo colour

Rent Control is not the easy answer

17/06/2015

Rent controls and similar policies which are thought to work well in other countries cannot be easily replicated in the UK’s private rented sector, according to findings from a new interim report by the London School of Economics and Political Science (LSE). The interim report, published on the day that Labour leadership hopefuls gather for… Read more

Paul Shamplin of Landlord Action

Landlord has the last laugh in rent arrears debacle

15/06/2015

We regularly come across cases where tenants have fallen on hard times and rather than communicate with their landlord for fear of losing their home, they instead choose to avoid paying the rent until the landlord reaches breaking point and the end result is eviction. This is why we always try to encourage landlords that… Read more

tenants cultivate cannabis

Landlords urged to be vigilant for tenants cultivating cannabis

11/06/2015

UK landlords are being warned to be vigilant towards tenants cultivating cannabis in their properties. Figures from the Office for National Statistics (ONS) revealed that police seized over 400,000 plants in the UK last year alone. The highest number of seizures were made by the Metropolitan police (59,002), followed by police in Wiltshire and the… Read more

ARLA

ARLA report 32% of agents saw rent increases in April

26/05/2015

32% of ARLA letting agents reported that rents increased in April, according to the Association of Residential Letting Agents (ARLA) monthly Private Rental Sector (PRS) Report for April. The report found that tenants living in the North West were the most affected by monthly rent increases in April with 46% of landlords reporting an increase… Read more

queen

New Immigration Bill welcomed by the NLA

22/05/2015

David Cameron announced a number of proposals to be tabled in a new immigration bill. The details of the Bill, which will be a central part of the new Government programme to be announced in the Queen’s speech, next week, include: New powers for councils to crack down on unscrupulous landlords To allow landlords to… Read more

Legionella

Legionella scaremongering by some letting agents debunked

18/05/2015

For months now I have been fending off veiled and not so veiled threats from ill-informed letting agents about the consequences of not shelling out for legionella tests. I have directly engaged several letting agents on their attempts to make landlords feel as though they are committing a crime against humanity unless immediately cave and… Read more

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