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Free guidance on new alarm rules for Northern Ireland landlords

30th August 2024

Free guidance for landlords in Northern Ireland is being made available ahead of key changes to smoke and carbon monoxide alarm requirements for private tenancies. From September 1, all new private tenancies must have sufficient smoke, heat and carbon monoxide alarms installed in their homes for the first time. This is a significant step forward […]

Angela Rayner unveils ‘New Homes Accelerator’ to speed up stalled housing projects

30th August 2024

The UK government has launched an initiative aimed at accelerating the delivery of stalled housing projects across the country – the New Homes Accelerator. The move has been announced by Deputy Prime Minister Angela Rayner and it will bring together government agencies, local planning departments and housebuilders to identify and address planning blockages that are […]

The best UK postcodes for yields when investing less than £100,000

30th August 2024

Research has revealed the five UK postcodes where landlords can achieve the highest rental yields with an initial investment of less than £100,000. The findings from Inventory Base show that the national average rental yield stands at 4.3%. That’s based on an average house price of £333,030 with a monthly rental income of £1,206. But […]

Smartphone showing smart home energy efficiency rating in a modern kitchen

Landlords say government’s EPC C target by 2030 is ‘impossible’

29th August 2024

As the UK government pushes ahead with its plan to require all rental properties to achieve an EPC rating of C by 2030, a growing number of landlords are sounding the alarm. According to a survey by Landwood Group, a staggering 95% of respondents believe the target is impossible to meet. And, it says, it […]

Students sharing kitchen chores in a university house share

How do you deal with uncommunicative former student tenant?

29th August 2024

Hi, I have an HMO let to students and one of the students has decided not to continue at university and get a job if he can. He says his parents will pay for his rent for a year but when asked about arrangements I get silence. I have tried contacting the student several times […]

Debt repayment reminder with calculator and pen on desk, symbolizing rent recovery and financial management.

Has anyone used third party debt orders to recover debts?

29th August 2024

I have received a court judgment against my ex-tenants, but they have left without a forwarding address. One of the tenants is receiving partial benefits, therefore I can’t use an attached earning order to reinforce the court order. I wonder if I could use a third-party debt order to recover the debts they owe me. […]

Generation Rent rent freeze tenants landlords property118.com

Energy price cap hike to hit least efficient homes hardest

29th August 2024

The energy price cap is set to rise by 10% from 1st October, leading to significant increases in energy bills for UK households, Rightmove says. The property website warns that the least energy-efficient homes rated as G will be hit the hardest, with bills potentially rising by as much as £558 per year. For homes […]

“To Let” sign outside residential houses reflecting UK rental market challenges

Selective licensing – should I appeal the number of occupants restriction?

29th August 2024

Hi, The London borough where I own a single apartment has recently introduced selective licencing to all rented properties across the majority of the borough. The draft licence I have been given states a maximum occupancy of “1 household, or 2 persons in two households”. This seems a very low use of space given it […]

Portrait of a business leader in suit and tie

Property taxes in Scotland reach record high

29th August 2024

Property taxes in Scotland have soared to a new record high, raking in almost £640 million for the Scottish Government in the past year, research reveals. According to an analysis by DJ Alexander Ltd, Scotland’s biggest lettings and estate agency, Land and Buildings Transaction Tax (LBTT) revenues totalled £639.8 million in the 12 months to […]

Labour looks to give councils powers over short-term lets

29th August 2024

Labour plans to fast-track a crackdown on short-term lets by granting councils new powers, the Telegraph reports. The newspaper says Labour will empower local councils in England to designate areas where holiday lets will need planning approval. Also, a compulsory national register for short-term lets is on the horizon. A Ministry insider informed the Telegraph […]

Louisa Sedgwick, the managing director of Paragon Bank,

Tenant demand fuels ambitions for aspiring landlords

29th August 2024

Long-term tenant demand and a desire to supplement retirement income are the primary drivers for aspiring landlords seeking to build property portfolios, research reveals. According to Paragon Bank, the findings highlight a growing trend among landlords who are actively seeking to increase their rental income and build long-term wealth. Its ‘Next Generation Landlord Report‘ surveyed […]

Landlords fear being “taxed to the hilt” by Labour, rush to sell before November

28th August 2024

A new Labour government, Section 24 tax, and the proposed Renters Rights Bill have landlords understandably worried. Coupled with the threat of 45% Capital Gains Tax, it looks like before too long, landlords are going to be “taxed to the hilt.” It makes sense, therefore, that so many are looking to sell again, fast. About […]

Tories warn of tax bombshells after Starmer’s doom-laden Budget speech

28th August 2024

After a speech by Sir Kier Starmer warning that the autumn budget will be ‘painful’, top Tories say that ‘nothing will be safe’. Mr Starmer was laying the groundwork for a tax raid and said people must accept ‘short-term pain’ for ‘long-term good’. He also warned that those with the broadest shoulders ‘should bear the […]

Scotland’s PRS faces a rent control crisis as supply declines

28th August 2024

Scotland’s private rented sector (PRS) is facing a perfect storm of rising rents and concerns about dwindling supply as the Scottish government pushes for rent controls, one firm says. CityLets warns that as the Scottish Government continues to push forward with legislation to control rents in PRS hotspots, there’s overwhelming evidence of their detrimental impact […]

Fleet and CHL enhance buy to let products

28th August 2024

Fleet Mortgages has announced significant changes to its product range for houses of multiple occupation (HMOs). Meanwhile, CHL Mortgages has refreshed its limited edition buy to let range, introducing new fee options. Fixed-rate HMO mortgage Fleet is launching a new two-year, fixed-rate HMO mortgage for landlord borrowers. The mortgage offers a competitive rate of 6.49% […]

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Zoopla warns of overpricing impact on house sales

28th August 2024

The UK’s housing market is showing signs of recovery as house prices rise slowly following a period of volatility, Zoopla reports. However, the platform also warns that a record-high supply of homes for sale is emphasising the importance of realistic pricing strategies for sellers. According to its latest house price index, average UK house prices […]

New PRS housing enforcement policy sets countywide standards

28th August 2024

A new housing enforcement policy has been adopted by North Yorkshire Council to ensure that all private rented sector (PRS) housing in the county meets high standards. This unified approach replaces the previous seven separate policies used by the district and borough councils. The new policy strengthens the council’s ability to proactively tackle substandard housing. […]

Multiple estate agent boards showing properties for sale, sold, and to let in a UK street.

Dramatic rise in London landlords selling up

28th August 2024

The number of properties for sale in London that were previously rented has surged, according to research from TwentyCi. The analytics firm found that in July, 22% of all the 8,006 newly listed homes for sale in Inner London had been available to rent at some point in the last decade – a 10-year high. […]

Subletting fees? – ROBINSON AND GREEN VS SIMARC

28th August 2024

I’m just reposting this in the hope someone can advise further. In the case ‘ROBINSON AND GREEN VS SIMARC’, the tribunal ruled that sublet fees are registration fees not admin fees and could not comment on their reasonableness. The full First-Tier Tribunal ruling can be seen here >> https://assets.publishing.service.gov.uk/media/619ea554e90e070446653c0e/21_Calder_Halifax.Adminfee.pdf >> https://assets.publishing.service.gov.uk/media/619ea554e90e070446653c0e/21_Calder_Halifax.Adminfee.pdf Please also see >> […]

Council to extend its HMO licensing scheme

27th August 2024

A council looks set to extend its additional licensing scheme for five more years until 2030. The scheme, which grants the council additional powers to regulate HMOs, follows a consultation earlier this year that found both tenants – and apparently – landlords support the tougher measures. Coventry City Council says its scheme, which was brought […]