Business is booming for student landlords as rents, property values and returns are all increasing.
The average student landlord benefitted from a 13.5% return on investment in the year ending September 30, reports estate agents Knight Frank in their annual student property survey. Continue reading Student lettings are in a class of their own
Time is running out in some cities for house in multiple occupation (HMO) investors to expand their property portfolios.
The repeal of HMO planning rules by Housing Minister Grant Shapps has given property investors who want to open new shared houses or extend existing properties a window of opportunity. Continue reading HMO investors must not shun planning opportunity
New guidelines for shared house owners have put a stop to most claims from property investors for capital allowances that can considerably slash income tax. Continue reading Landlords to pay more tax as HMO loophole closes.
Student landlords and shared house investors planning and licensing rules face scrutiny under a second legal challenge – this time by local councils.
The rules are already facing High Court review after landlords in Oxford decided to take on the city council over plans to take up tighter planning and licensing controls. Continue reading Councils challenge HMO planning reversal in High Court
Councils are afraid of tackling shared housing problems because they fear landlords will sue them for loss of earnings, a senior planning councillor in a university town has revealed.
In an exclusive interview, the planner disclosed his council abandoned taking on powers to give them more control over houses in multiple occupation (HMOs) after taking legal advice. Continue reading Councils fear cash claims if they tackle HMO problems
Housing minister Grant Shapps has scrapped complicated blanket planning rules for houses in multiple occupation (HMO).
He has announced new regulations aimed at cutting 8,500 HMO applications from the planning system every year by removing the need for every new HMO to apply for planning consent. Continue reading Minister scraps HMO planning rules.