Hello. I am planning to rent out my property on ATS for the entire 12 months. The potential tenant, whom I really like, failed the reference check, and the guarantor has agreed to cover only 6 months. So we are currently looking at the following schedule of payment with this Tenant: 1 month deposit plus […]

First of all, a little background about my particular circumstances, which led to this question. My step-mother passed away last September and left me her house. It’s fully paid for and is worth around £420K. I now have a number of choices regarding how to use the house or to sell it and use its […]

Of the total number of available homes to rent in the UK, just 16% came to the market in the last 14 days with fears that renters will struggle to find somewhere to live in some areas, a report reveals. The findings from Ocasa also show that the average cost of renting has risen by […]

Hi All! I was wondering what fellow landlords are using to track their portfolio info, income, expenses etc. I have 50 properties and have been using excel but wondering if there are online websites etc people are using to track large portfolios? I look at transactions manually every couple days and then fill in the sheet […]

Landlords and property investors in Scotland have hit out after the Scottish Government recommended that the current rent freeze and eviction ban be extended. Patrick Harvie MSP, the minister for Tenants’ Rights delivered a statement to the Scottish Parliament on the Cost of Living (Tenant) Protection (Scotland) Act 2022. His report is a requirement under […]

Not only has the Welsh MS Janet Finch-Saunders branded the new tenancy laws in Wales as a ‘disaster’ for landlords – but says that tenants are being failed by the Welsh Government and homelessness will get worse. The Labour-led government in Wales is supported by Plaid Cymru which has seen the introduction of Rent Smart […]

Hi all, I am wondering if someone can help me regarding an eviction notice being served to a tenant. My mortgage rate now leaves me £1,000 out of pocket each month after rent so I am forced to sell my property. Speaking with my letting agent, the country court sheriffs can take up to 12 months […]

Scotland’s housing market will slow down at a time when it is already facing delays after the Public and Commercial Services (PCS) union announced strike action. That’s the view of DJ Alexander Ltd, the largest lettings and estate agency in Scotland. The union says its members will strike on 1 February, and this includes those […]

Propertymark says that letting agents still face difficulties maintaining their pooled client accounts from high street banks that are still misinterpreting anti-money laundering (AML) regulations. The organisation says it is regularly engaging with banks, industry bodies and government officials on behalf of members who have had accounts closed or restricted unnecessarily. That usually happens because […]

The rocketing cost of rent is the number one concern for renters as they look to the year ahead, a survey reveals. The findings from Goodlord found that 87% of tenants named the rising cost of rent as a key concern. Goodlord says the average rent for a home in England is £1,071 – that’s […]

The worst hit area after the disastrous mini-Budget saw its house values being slashed by up to £315,000, research reveals. The House Buyer Bureau has analysed the market to find which ones have suffered the biggest price drops since September. That’s when then Chancellor, Kwasi Kwarteng, announced his and Liz Truss’s mini-Budget which sent a […]

After several real estate firms, lenders and property platforms predicted that house prices would fall in 2023 by up to 10%, one organisation says that a steep fall won’t happen for a range of reasons. The National Association of Property Buyers (NAPB) says that a predicted house price crash for the UK ‘looks increasingly unlikely’ […]

The executive director of the Bank of England financial watchdog, David Bailey, has warned that the Bank of England intends to increase scrutiny on lending to landlords. Mr Bailey said: “Our assessment of firms’ credit risk management will include a focus on traditionally higher risk areas including retail credit card portfolios, unsecured personal loans, leveraged […]

If you need help untangling the confusing mess of the UK economy to understand how 2023 can either help or hinder your property investment goals, the Virtual Property Exhibition is THE PLACE to be. Friday 13th January 9:30am to 5pm. The 9 industry experts normally speak at large, in-person events, but the entire event will […]

A petition that was launched to reinstate tax relief allowing a landlord’s mortgage interest to be set against rental income has now reached 20,201 signatures – and has seen another well-known backer step forward. The petition was started by landlord Simon Foster who says: “We want the Government to reinstate the ability of landlords to […]

The homeless charity Shelter says there were ‘at least’ 271,000 people who were homeless on any given night last year because of rising living costs and private rents. The charity is warning that thousands of people are at risk of losing their homes this year too. The figures refer to England’s homeless and Shelter says […]

An open letter has been published urging the government and local authorities to deal urgently with a ‘housing crisis’ in Greater Manchester. It has been signed by Shelter and the Greater Manchester Law Centre (GMLC) and a range of legal and housing organisations across the Greater Manchester region and sent to various MPs and policymakers. […]

Private landlords are being offered an initiative to rent out their properties to people who are homeless and get a cash grant to improve the property’s condition. The scheme has been approved by Neath Port Talbot Council as part of the Welsh Government’s Leasing Scheme Wales (LSW). Under the arrangement, the council will lease properties […]

Landlords and agents will see the private rented sector (PRS) being dominated by the proposals and progress of the Renters’ Reform Bill this year. That’s the view of Isobel Thomson, the chief executive of safeagent, who points out that the early signs are encouraging. She points to the Department for Levelling Up, Housing and Communities […]

A survey has revealed that landlord confidence is ‘robust’, though many worry about the government’s meddling in the private rented sector (PRS) and want changes to capital gains tax allowances reversed. The findings from property lending experts, Octane Capital, also highlight that landlords are concerned about the increasing day to day cost of their buy-to-let […]

Tenants are seeing rents growing at their fastest rate since 2016 when records began, says the Office for National Statistics (ONS). The data shows that 26% of tenants reported their rent had increased in the last six months with rents increasing by 4% in the year to November 2022. One reason for this is that […]