Page 217 – Property118

Landlords renewing their mortgage are expecting a £615 rise

14th March 2024

Nearly half of UK landlords with mortgages are preparing for a rate renewal within the next year – and they are expecting their mortgage to rise by a whopping £615, on average. The research from The Mortgage Lender (TML) shows that another 41% of landlords will be renewing in the next two to three years. […]

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Renters (Reform) Bill will ‘demonise landlords and bankrupt councils’

14th March 2024

A Conservative commentator says that the Renters (Reform) Bill can best be described as a ‘wholesale and fundamental invasion’ into the principle of private property. Tim Briggs goes on to say that the Bill ‘will demonise landlords – and bankrupt councils’. Writing on Conservative Woman, he says that the Bill ‘insinuates that all tenants are […]

Council unveils improvement grants to help landlords offer affordable homes

14th March 2024

An affordable rented housing initiative has been unveiled by one council with grants for landlords of up to £15,000 to carry out home improvements. The aim is to boost the number and quality of affordable rented homes for tenants. The programme has been launched by Cherwell District Council in Oxfordshire and is open to any […]

Landlord fined £4,700 for ignoring council’s property inquiries

14th March 2024

A landlord has been ordered to pay a fine for failing to respond to council inquiries about his rented property.  Simon Williams, from Manchester, was fined £1,000, along with a £400 victim surcharge and court costs of £3,360.85, totalling £4,760.85. The charges stemmed from Mr Williams not responding to inquiries about a property he owns […]

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Tenant allowed to challenge new EPC rating?

14th March 2024

Hi, we purchased a property in 2.5 acres of land from a company that owned it as well as other adjacent land including a quarry. There was a tenant in situ on a periodic AST. The tenant had been left for years basically doing what they wanted with no management and only one rent rise […]

Academic research project – looking for landlord participants

14th March 2024

The University of York and the University of Sheffield are carrying out a research project looking into the experiences of landlords as they relate to the law and housing regulations. The project is specifically looking to understand the pressures landlords face in relation to adhering to legal and regulatory obligations. We’re interested in hearing from […]

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Council to crackdown on landlords with poor EPC ratings

13th March 2024

Landlords in one city who rent out homes that don’t meet energy efficiency standards and fail electrical safety rules will face fines. The council says that homes with low EPC ratings take longer to warm up and lose heat quicker, meaning energy bills can be higher and residents are exposed to cold-related illnesses. Gloucester City […]

Landbay's sales and distribution director, Rob Stanton wearing a light blue suit and white shirt

Landbay cuts interest rates for HMO and MUFB properties

13th March 2024

Landbay has unveiled a reduction in interest rates for its five-year fixed loans, specifically targeting houses in multiple occupation (HMO) and multi-unit freehold blocks (MUFB). The revised rates start at 4.89%, marking a fall of up to 0.25%. The products are aimed at small scale HMOs and MUFBs, accommodating up to six bedrooms or units […]

Service charge

Service charge estimate and spend not adding up?

13th March 2024

Hi all, does anyone have any knowledge regarding service charges and monies spent in a financial year? Last year’s projections came in at £55,300. After a battle with the managing agent and requesting accounts through section 21 and 22 of the Landlord and Tenant Act 1985, they came back in the end. The accounts showed […]

Andy Hulme of Hyde Housing Association responding to Housing Ombudsman report

Housing Ombudsman prepares for a surge in social housing tenant complaints

13th March 2024

The Housing Ombudsman has launched a consultation on its business plan following a record year of complaints. Compared to the same period last year, the first nine months of 2023-24 saw a 91% increase in cases, a 72% maladministration rate (up from 59%) and £3.7 million awarded in compensation – compared to £1.1 million for […]

AI-powered project will help PRS landlords improve their properties

13th March 2024

A new project aims to revolutionise the private rented sector (PRS) by using artificial intelligence (AI) to help landlords upgrade their properties. The Let Zero project, funded by Innovate UK with £2.4 million, will develop an AI-powered solution to guide landlords on renovations that benefit tenants, particularly vulnerable residents. The 18-month pilot project will focus […]

Council encourages landlords with its ‘Repair and Rent’ scheme

13th March 2024

A council has relaunched its ‘Repair and Rent’ scheme with big improvements to incentivise landlords to bring empty properties back into the rental market. The plan will see the council handle the entire process and boost housing supply for those on its housing waiting list. Plymouth Council says it wants to address the city’s housing […]

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Non-qualifying leaseholders impact on portfolio landlords?

13th March 2024

Hi, I’ve recently come across this in a property talk, and am very concerned about the implications of this to portfolio landlords who have more than 3 leasehold properties by April 22. I’d like your views and clarification on this. https://www.gov.uk/guidance/remediation-costs-what-leaseholders-do-and-do-not-have-to-pay Non-qualifying leaseholders 30. Non-qualifying leaseholders are only protected from the costs of historical safety […]

The critical role of accurate rebuild values for landlords

12th March 2024

 If your rented property is damaged beyond repair in a fire or flood, then it’s important to look at rebuild values. You’ll be asked for your property’s rebuild cost when taking out buildings insurance which covers the structure of your home. Finding the correct rebuild value for your insurance can be tricky, and here at […]

Will rents keep rising?

12th March 2024

Join Ranjan Bhattacharya as he delves into the burning question of 2024: Will rents on buy-to-let properties continue their upward trajectory? In this video, he dissects the factors driving the increase in rents and provides valuable insights into the evolving rental market landscape. From supply and demand dynamics to economic trends, he unravels the complexities […]

My tenants’ solicitor is demanding costs!

12th March 2024

Hello, We have been trying to evict our tenants for the last 9 months as we are selling the property. Court proceedings were set for last November, however, we had to cancel these due to an issue with the deposit from 10 years ago. The deposit was then returned to the tenants and a new section […]

Adrian Moloney of OSB Group discusses new KRFI buy-to-let mortgage products for landlords.

Kent Reliance and Precise unveil BTL mortgage overhaul

12th March 2024

Kent Reliance for Intermediaries has revealed a revamped portfolio which includes buy to let and part-ownership schemes. The lender, which is part of the OSB Group, sees its initiative delivering a 0.5% rate cut on select investment property loans and the buy to let changes include: 80% LTV fixed rates dropping by 50bps Full range […]

My tenant is expecting – advice?

12th March 2024

Hello, first time posting on here so please go easy on me! One of my tenants has just mentioned that she’s pregnant. I’m not sure how this is going to affect things from a rent-paying point of view. She’s on benefits but does work from time to time in various part-time jobs. This means that […]

Business professional in suit representing Aldermore mortgage update

Landlords help to boost local economies

12th March 2024

The significant financial contribution being made by landlords to regional economies when supporting local trades has been revealed. Research from Aldermore highlights that most landlords (79%) prefer employing local professionals, with each one injecting an annual average of £6,003 into local services. Electricians, plumbers and general maintenance workers are the top picks for property upkeep, […]

Council tax on empty homes to double to help tackle housing shortage

12th March 2024

Council tax on a property that has been left vacant for a year will double from April 1, the government has announced. The initiative is aimed at helping boost housing supply for local people by bringing empty homes back into use. The property must be occupied within a year to avoid the tax hike, a […]

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Call for more PRS enforcement funding in England

12th March 2024

A charity is calling for more government funding to help councils enforce housing and health standards in the private rented sector (PRS). People’s Health Trust (PHT) claims that tenants are living in dire conditions – with some areas seeing nearly double the number living in a home that doesn’t meet the Decent Homes Standard. While […]