The number landlords exiting the market in the East of England stood 100% higher than the national average in November, ARLA Propertymark reveals. Landlords have faced continued legislative change and increasing costs over the last few years, and many are either having to pass the costs on to tenants or exit the market. In November, […]

The Resolution Foundation, “a non-partisan and award-winning think-tank that works to improve the living standards of those in Britain on low to middle incomes,” has issued a press release caaling for: “Government to improve security and stability for young tenants by making indeterminate tenancies the sole form of private rental contract and introducing light-touch rent […]

Houses in Multiple Occupation and residential property licensing reform Guidance for Local Housing Authorities Click here “3. 4 What is the minimum sleeping room size? The minimum sleeping room floor area sizes (subject to the measurement restrictions detailed in the paragraphs below) to be imposed as conditions of Part 2 licences are: • 6.51m square […]

I have served notice to quit to my tenants. They have not paid rent for 3 months. They have until 1st Jan to leave and are accepting no correspondence from myself. I was advised from a neighbour that a white van left the driveway 3 days ago and their cars have not been seen since. […]

I have a 1 bed ground floor flat with one other flat above. The tenant called to say there was water coming through the ceiling and he contacted the owner occupier of the upstairs flat who confirmed they had a leak and had an emergency plumber on the way. I went to inspect the damage […]

Current Job advert on the Liverpool Hub: Opportunity IdDN381425 – Title Consultation for Selective Licensing Categories 152050 – Property Description: Liverpool City Council (LCC) is seeking a partner to develop and deliver a robust consultation on the options for landlord licensing following the expiry of the current citywide scheme in March 2020. The consultation exercise […]

My wife and I bought an off-plan property in Spain’s Costa Blanca in 2003. We used that for holidays ourselves, and rented it out as a holiday let. We sold that last year, at a small loss, having already bought another one in Costa del Sol. We then sold a rental property in UK this […]

I have been using a letting agent to manage a flat for me for the last three years. The current tenant has been in the property for two years and is on a periodic Assured Shorthold Tenancy. The letting agent has said it no longer wants to manage the property and so I will need […]

Whilst this article focuses on financing tips it also touches on the tax consequences of transferring privately owned rental property businesses into a company. Novation – this is a process where mortgage contracts are re-written to make the borrower a company as opposed to an individual. Personal Guarantees are generally required. Not all mortgage lenders provide this […]

Karen Buck MP sponsored the Bill giving tenants the right to take legal action against Private and Social landlords if a property isn’t up to the standard of the Housing Health and Safety Rating System (HHSRS) for breach of contract. All landlords or agents acting on their behalf must ensure that a rental property is […]

The “Party’s over for landlords as buy-to-let reforms bite” That was the headline in the Times on 12th December 2018. The article said …… “The so-called ‘dinner party’ property investor is disappearing, with the number of landlords falling by 120,000 in less than three years after stamp duty reforms were introduced by George Osborne. Figures […]

The Bank of England Monetary Policy Committee unanimously voted at this months meeting to hold the Bank Base Rate at the current 0.75% level. If anything the pressure on the rate was negative rather than any risk of it increasing especially with softer oil prices. Although the November retail sales figures released lunch time today, […]

I’m very confused with Section 24 Tenant tax. Please can someone clarify the simple profit calculation for a Buy To Let for YE2018 Rents received £30,000 Repairs & renewals £10,000 Mortgage Interest £10,000 So to the Layman the Profit is therefore £10,000 meaning tax at 20% i.e. £2,000 is due. But what should the calculation […]

The Teachers Building Society has entered the Holiday Let mortgage market launching a new mortgage specially designed for properties in the holiday let sector. Teachers is an old lender, but although until fairly recently they only focused on lending to teachers they have now opened up their proposition and not only will they lend to […]

My property was sold under a Compulsory Purchase Order (CPO). I was advised I could roll over the capital gains if I used the proceeds to buy another investment property. I have seen two accountants to try and find out if I need to inform the Inland revenue and if so how or I can […]

It was announced earlier this week that Emoov have gone into Administration, so if they are your agent under their merger with Urban.co.uk you’re probably considering your options. The solution we suggest is that you have a chat with LettingSupermarket.com about a special deal they have put together to enable you to trial their service […]

David Cox, ARLA Propertymark Chief Executive, said: “It looks like tenants are starting to take control, with the number of landlords hiking rents falling for the third month in a row. However, as we look ahead to 2019, things don’t look as positive for tenants. Our members expect more landlords to be driven out of […]

44% of private landlords are less likely to rent to those without a British passport according to new research from the Residential Landlords Association (RLA). This figure has increased from 42% a year ago and comes as the High Court today begins a Judicial Review of the Government’s flagship Right to Rent scheme. The scheme […]

Open Letter to Nottingham Council: Some Landlords have asked me to talk to you regarding your refusal to work with good landlords. Before you ask me, they are not going to come forward directly cause they are scared you will target their houses come inspection time. You have already been told this. You are creating […]

The results of Belvoir’s Q3 rental index, compiled by TV property expert Kate Faulkner, confirm that landlords are continuing to exit the property market, although not at the rate anticipated by previous research. Eviction rates remained very low, and rents showed a slight decrease, but franchisees are predicting rental rises in 2019. Franchisees are reporting […]

For the second year in a row, tenancy deposit disputes in Northern Ireland have taken place in less than 1% of cases (0.86%), despite a rising number of deposits being protected. The news comes after the release of TDS Northern Ireland’s Annual Statistical Briefing. Released in TDS Northern Ireland’s annual Statistical Briefing, the figures showed […]