Tag Archives: Houses in Multiple Occupation

Private Rented Sector Review – Conclusions and recommendations Landlord News, Latest Articles

The Private Rented Sector Review conclusions and recommendations published by the Communities and Local Government Committee:

Simplifying regulation

1.  We recommend that the Government conduct a wide-ranging review to consolidate legislation covering the private rented sector, with the aim of producing a much simpler and more straightforward set of regulations that landlords and tenants can easily understand. As part of this review, the Government should work with groups representing tenants, landlords and agents to bring forward a standard, plain language tenancy agreement on which all agreements should be based. There should be a requirement to include landlords’ contact details in tenancy agreements. (Paragraph 13)

2.  We recommend that the Government consult on the future of the housing health and safety rating system and the introduction of a simpler, more straightforward set of quality standards for housing in the sector. The Government should also ensure that planning and building regulations are consistent with standards for the quality and safety of private rented housing. (Paragraph 18)

Increasing awareness

3.  We recommend that, once the review of the legislative framework we have called for is completed, the Government, working with tenants’, landlords’ and agents’ groups, establish and help to fund a publicity campaign to promote awareness of tenants’ and landlords’ respective rights and responsibilities. Our recommendation for a wholesale review of the regulation in the sector provides the obvious platform on which to base a publicity campaign. (Paragraph 24)

4.  We recommend that the Government bring forward proposals for the introduction of easy-to-read key fact sheets for landlords and tenants, and consult on the information these sheets should contain. The sheets could include links to further information available online. As a minimum, the sheets should set out each party’s key rights and obligations, and give details of local organisations to whom they could go for further advice and information. This fact sheet should be included within the standard tenancy agreement we propose earlier in this chapter. (Paragraph 25)

Raising standards

5.  Some local authorities are doing excellent work to raise standards in the private rented sector, but there appears to be more scope for sharing this good practice, so that all councils are performing to a high standard. The Local Government Association should, as part of its sector-led improvement role, make sure that mechanisms are in place to ensure all councils learn from the good practice and take effective steps to improve standards of property and management in the private rented sector. (Paragraph 30)

6.  We are concerned about reports of reductions in staff who have responsibility for enforcement and tenancy relations and who have an important role in making approaches to raising standards successful. Given the financial constraints that councils face, it is important to identify approaches to raising standards that will not use up scarce resources. One approach is to ensure that enforcement arrangements pay for themselves and help to fund wider improvement activity. Therefore, where possible, the burden of payment should be placed upon those landlords who flout their responsibilities. (Paragraph 31)

7.  We recommend that the Government consult on proposals to empower councils to impose a penalty charge without recourse to court action where minor housing condition breaches are not remedied within a fixed period of time, though an aggrieved landlord would have the right of appeal to a court. (Paragraph 33)

8.  We recommend that, where landlords are convicted of letting property below legal standards, local authorities be given the power to recoup from a landlord an amount equivalent to that paid out to the tenant in housing benefit (or, in future, universal credit). We hope that such a measure will help to prevent unscrupulous landlords from profiting from public money. Local authorities should be able to retain the money recouped to fund their work to raise standards. To ensure a consistent approach, those tenants who have paid rent with their own resources should also have the right to reclaim this rent when their landlord has been convicted of letting a substandard property. (Paragraph 37)

Illegal eviction

9.  We do not agree that a statutory duty to have to take steps to tackle illegal eviction should be placed on local authorities, as it would be inconsistent with a localist approach. Nevertheless, it is again important that local authorities learn from each other and share best practice on tackling illegal eviction. The Local Government Association should ensure that lessons on illegal eviction are learnt and disseminated. (Paragraph 38)

10.  We are concerned that the police are sometimes unaware of their responsibilities in dealing with reports of illegal eviction. We recommend that the Department for Communities and Local Government work with the Home Office on guidance that sets out clearly the role of the police in enforcement of the Prevention from Eviction Act 1977. (Paragraph 39)

Licensing and accreditation

11.  The idea of national licensing has some merit, and such a scheme could bring a number of benefits, particularly if introduced alongside an effective system of redress. It is clear, however, that the Government has not been convinced by these arguments, and we have some sympathy with the Minister’s assertion that a national scheme could be very rigid. Having tailored local schemes may bring its own costs, especially for landlords operating across several areas, but on balance we would prefer to see local authorities develop their own approaches to licensing or accreditation in accordance with local needs. The Government’s focus should be on giving local authorities greater flexibility and encouraging the use of existing powers. (Paragraph 43)

12.  We recommend that the Government bring forward proposals for a reformed approach to selective licensing, which gives councils greater freedom over when licensing schemes can be introduced and more flexibility over how they are implemented. Councils should ensure that the cost of a licence is not set so high as to discourage investment in the sector. (Paragraph 49)

13.  We recommend that the Government give local authorities a power to require landlords to be members of an accreditation scheme run either by the council itself or by a recognised landlords association. (Paragraph 53)

14.  It is important that local authorities have options and tools to raise standards in their areas. Three particular options are: (1) greater use of landlord licensing schemes; (2) compulsory accreditation; and (3) taking a proactive neighbourhood approach to raising standards. In each of these cases, given resource constraints, the schemes have to pay for themselves, and, as far as possible, place the burden of payment on the unscrupulous landlords, with financial deterrents for non-compliance. Councils should be given the powers to impose heavy penalties on those who do not register for licensing or compulsory accreditation after appropriate notification. Neighbourhood approaches could be funded by local authorities recouping costs from landlords whose properties fail to meet minimum standards. We further recommend that the Government initiate a review of the fines imposed by the courts for letting substandard properties, to ensure they act as a sufficient deterrent. (Paragraph 55)

Houses in multiple occupation (HMOs)

15.  We recommend that the Government conduct a review of the mandatory licensing of houses in multiple occupation. This review should consider, amongst other things, evidence of the effectiveness of mandatory licensing, how well it is enforced, and whether the definition of a prescribed HMO should be modified. (Paragraph 58)

16.  Where there are community concerns about high concentrations of houses in multiple occupation, councils should have the ability to control the spread of HMOs. Such issues should be a matter for local determination. We therefore consider it appropriate that councils continue to have the option to use Article 4 directions to remove permitted development rights allowing change of use to HMO. (Paragraph 63)

17.  Universities have a responsibility to ensure that student housing does not have a detrimental impact upon local communities. They should be working with local authorities and student groups to ensure that there is sufficient housing in appropriate areas and that students act as responsible householders and members of the community. (Paragraph 64)

Safety standards

18.  We recommend that the Government work with the electrical industry to develop an electrical safety certificate for private rented properties. To obtain such a certificate, properties should be required to have a full wiring check every five years and a visual wiring check on change of tenancy. Landlords should be aware of the legal requirement to provide safe installations and appliances. (Paragraph 66)

19.  We recommend that the Government introduce a requirement for all private rented properties to be fitted with a working smoke alarm and, wherever a relevant heating appliance is installed, an audible, wired-up EN 50291 compliant carbon monoxide alarm. (Paragraph 67)

Regulation of letting agents

20.  We recommend that, as part of its consultation on the redress scheme, the Government seek views on how best to publicise such a scheme and what penalties should be in place for those agents who do not comply. The Government should also explore how the redress scheme fits alongside existing arrangements for deposit protection. We further recommend that the redress scheme is accompanied by a robust code of practice that sets out clear standards with which agents are required to comply. (Paragraph 74)

21.  We recommend that the Government make letting and managing agents subject to the same regulation that currently governs sales agents. This includes giving the Office of Fair Trading the power to ban agents who act improperly, and making client money protection and professional indemnity insurance mandatory. (Paragraph 78)

22.  Any proposal to require sales agents to meet minimum professional standards before they begin trading should also be applied to letting and managing agents. In addition, if at any point a requirement for sales agents to be registered with an accredited industry body is to be introduced, this should be part of a wider framework also covering letting and managing agents. We recommend that the Government review these arrangements in two years’ time. (Paragraph 78)

Agents’ fees and charges

23.  We recommend that the code of practice accompanying the new redress scheme include a requirement that agents publish a full breakdown of fees which are to be charged to the tenant alongside any property listing or advertisement, be it on a website, in a window or in print. This breakdown should not be “small print”, but displayed in such a way as to be immediately obvious to the potential tenant. The code should also require agents to explain their fees and charges to tenants before showing them around any property. Furthermore, the code should forbid double charging, and there should be a requirement that landlords are informed of any fees being charged to tenants. If agents do not meet these requirements, the fees should be illegal. Finally, the professional bodies should make a commitment to full, up front transparency on fees and charges a requirement of membership. (Paragraph 83)

24.  We intend to gather further information on the impact in Scotland of the decision to make fees to tenants illegal, and to return to this issue in 2014. (Paragraph 86)

Longer tenancies

25.  The demographics within the private rented sector are changing. No longer can it be seen as a tenure mainly for those looking for short-term, flexible forms of housing. While some renters still require flexibility, there is also an increasing number, including families with children, looking for longer-term security. The market, therefore, needs to be flexible, and to offer people the type of housing they need. The flexibility of assured shorthold tenancies should be better exploited, and the option of using assured tenancies should also be considered where these meet the needs of landlords and tenants. That we are beginning to see some institutions and housing associations offering longer tenancies under the current law suggests that we do not need legislative changes to achieve them. Rather, we need to change the culture, and to find ways to overcome the barriers to longer tenancies being offered. (Paragraph 94)

26.  We recommend that the Government convene a working party from all parts of the industry, to examine proposals to speed up the process of evicting during a tenancy tenants who do not pay rent promptly or fail to meet other contractual obligations. The ability to secure eviction more quickly for non payment of rent will encourage landlords to make properties available on longer tenancies. The Government should also set out a quicker means for landlords to gain possession if they can provide proof that they intend to sell the property. (Paragraph 97)

27.  Some landlords are not able to offer longer tenancies because they are prevented from doing so by conditions in their mortgage. We are pleased that lenders are considering how such conditions can be removed, and that Nationwide Building Society is to begin allowing its borrowers to offer longer term contracts. We urge the Council of Mortgage Lenders to work with other lenders to ensure that they quickly follow suit. Lenders should only include restrictions on tenancy length in mortgage conditions if there is a clear and transparent reason. (Paragraph 100)

28.  We recommend that the Government include in the code of conduct for letting agents a requirement both to make tenants aware of the full range of tenancy options available, and, where appropriate, to broker discussions about tenancy length between landlords and tenants. (Paragraph 102)

‘Retaliatory eviction’

29.  There is a perception amongst some tenants that if they speak out it could result in their losing their home. Tenants should be able to make requests or complain without fear that doing so will lead the landlord to seek possession. We are not convinced, however, that a legislative approach is the best or even an effective solution. Changing the law to limit the issuing of section 21 notices might be counter-productive and stunt the market. Rather, if we move towards a culture where longer tenancies become the norm, tenants will have greater security and also more confidence to ask for improvements and maintenance and, when necessary, to complain about their landlord. Moreover, if local authorities take a more proactive approach to enforcement, they will be able to address problems as they occur rather than waiting for tenants to report them. (Paragraph 105)

Rents and affordability

30.  Problems with the affordability of rents are particularly acute in London and the South East. Although in other parts of the country average rents and yields are relatively stable, we are still concerned that some families are struggling to meet the costs of their rent. We do not, however, support rent control which would serve only to reduce investment in the sector at a time when it is most needed. We agree that the most effective way to make rents more affordable would be to increase supply, particularly in those areas where demand is highest. (Paragraph 110)

31.  There is no perfect way to set rent, but, where longer tenancies are being established, linking increases to inflation or average earnings, or voluntarily agreeing a fixed uplift each year merit consideration and could provide tenants and landlords with a degree of stability, though over time mechanisms may emerge as, for example, in the commercial property sector. Tenants’, landlords’ and agents’ groups should encourage their members to discuss these options at the outset of a tenancy. Existing arrangements for setting and increasing rent are often arbitrary and uneven, and reflect the immaturity of the market. (Paragraph 113)

Placement of homeless households in the private rented sector

32.  We welcome the Government’s use of secondary legislation to clarify when accommodation is unsuitable for homeless households. We expect councils to pay full regard to this order and to ensure that homeless households are only placed in suitable accommodation. Given that many of these households will be vulnerable, councils have a particular responsibility to ensure that the properties they are placed in are free from serious health and safety hazards. We recommend that, as a matter of good practice, local authorities should inspect properties before using them for the placement of homeless households. (Paragraph 117)

33.  All agree that, wherever possible, councils should be placing homeless households within their local area (unless there are particular circumstances that mean it is not in the households’ interests). It nevertheless appears inevitable that councils in areas with high rents, London in particular, will place homeless households outside the area, including in coastal towns. Before any placement, there should be a full discussion with the receiving authority and the prospective tenant and information about the household and its ongoing needs should be shared. The Government should consider making this a statutory duty. (Paragraph 121)

34.  We were pleased to hear of positive examples of work to support homeless households in the private rented sector, including the establishment of social letting agencies and the development of private rented sector access schemes. We encourage the Government to work with local government, the charity sector and industry bodies to ensure best practice is shared and lessons learned. (Paragraph 122)

Local housing allowance

35.  We recommend that the Government take immediate steps to allow councils to apply for a variation of broad rental market area boundaries where anomalies occur. (Paragraph 125)

36.  We recommend that the Government conduct a wide-ranging review of local housing allowance (LHA). This review should assess whether there is greater scope for local flexibility over the setting of LHA rates and the boundaries of broad rental market areas. Local authorities could be incentivised to reduce the housing benefit bill by being allowed to retain any savings for investment in affordable housing. (Paragraph 125)

Data quality

37.  We recommend that the Government establish a small task group of key organisations and academics to consider how data relating to the private rented sector can be improved and made more readily available. In addition, we encourage the National Audit Office to contribute to an effective evidence base about the sector and to draw upon our recommendations when developing studies on housing related topics. (Paragraph 128)


38.  We recommend that the Government, in reviewing the regulation covering the private rented sector, set out proposals for greater co-ordination between the tax authorities and those regulating the private rented sector. (Paragraph 131)

Increasing supply

39.  We welcome the introduction and expansion of the Build to Rent Fund. The Government should take steps to ensure that the fund makes a net addition to new housing, as well as speeding up the delivery of those homes already in the pipeline. (Paragraph 138)

40.  It remains to be seen how much impact the guarantee scheme for the private rented sector will have in delivering additional new homes. The policy may be well-intentioned in its aim to encourage organisations to have more confidence to invest in the sector, but the Government needs to measure results. We invite the Government in its response to our report to update us on the number of applications it has received for the private rented sector guarantee scheme, and to provide an estimate for the number of additional homes it expects the scheme to deliver. If there is any doubt that the scheme is going to deliver the homes required, we recommend that the Government rapidly explore other options for the use of the resources identified. (Paragraph 142)

41.  We welcome the establishment of the task force to promote and broker investment in build-to-let development, and are pleased that the task force is already in operation. It is important that this task force does not become another quango but quickly delivers on its objectives. We invite the Government, in its response, to set out the progress made by the task force in its first few months of operation. This update should quantify the amount of additional investment brokered, and the number of additional homes it would deliver. (Paragraph 144)

42.  Efforts to promote high-quality build-to-let development have commanded significant amounts of government attention and resources. One of the main arguments in favour of this approach is that it will lead to improved choice, quality and affordability across the whole of the private rented sector. It is too early to assess the impact, but a key part of the evaluation of these measures must be the impact they have on the sector as a whole. If, in a year’s time, there is no evidence of this broader effect, the Government must reconsider its strategy and look to other measures to boost supply across the sector as a whole. (Paragraph 148)

43.  There is an urgent need to boost supply across all tenures of housing. We recommend that the Government revisit the Committee’s report on the Financing of New Housing Supply, and set out proposals to implement those recommendations it initially rejected. (Paragraph 150)commons logo

Would you invest into Houses in Multiple Occupation (HMO’s)? HMO's & Student Lets, Landlord News, Latest Articles, Property For Sale, Property News, Property Sourcing

Would you invest into Houses in Multiple Occupation (HMO's)I’m often asked what I would buy if I was starting again today ….. HMO’s would definitely be on my shopping list 🙂

The reason for this is that I can only see that demand for this type of accommodation will grow. Rental yields are already well into double figures for this type of investment.

This morning I received the details of a very smart looking HMO which is producing a gross rental yield of 17.7% based on a sale price of £160,000.  An extract of the property description was:-

“A fully refurbished, immaculately presented, fully tenanted HMO in Doncaster, DN4. This fantastic freehold HMO property comprises 5 self contained studios all with en-suites and kitchenettes, large shared kitchen and separate bathroom.”

The sales particulars were nicely laid out and very detailed. For a relative newcomber this particular offer looked very promising as the property is already tenanted with working people and a property manager is already in place too.

The website I was looking at also had a variety of other HMO’s for sale as well as an alerts feature which is very easy to subscribe to so that you can be informed whenever an HMO is listed for sale.

If you are in the market to grow your portfolio I suggest you take a look at the website by completing the short form below.

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Don’t be afraid of Houses in Multiple Occupation Buy to Let News, Guest Articles, Guest Columns, HMO's & Student Lets, Landlord News, Landlords Stories, Latest Articles, Property News

Experienced landlord Angus Ryan explains why landlords should not be afraid to invest in HMOs and also inform their local council if they are operating a House in Multiple Occupation.

Indeed he has found that they are very helpful and want to help landlords improve housing standards for tenants. In this article he also tells of his experience of several of his HMOs. This is just one tip featured in his newly acclaimed book “Top 21 Worst Mistakes made by Property Landlords and How to Avoid Them”.

Continue reading Don’t be afraid of Houses in Multiple Occupation

Enquiry into Private Rented Sector gives opportunity to voice opinion Landlord News, Latest Articles, Property News

An Enquiry into the Private Rented Sector by The Communities and Local Government Committee will give us all an important opportunity to voice our opinions before the 17th of January 2013.

The Enquiry is to focus on many important issues often discussed within Property118 by it’s readers:

  • The quality of private rented housing, and steps that can be taken to ensure that all housing in the sector is of an acceptable standard.
  • Levels of rent within the private rented sector – including the possibility of rent control and the interaction between housing benefit and rents.
  • Regulation of landlords, and steps that can be taken to deal with rogue landlords.
  • Regulation of letting agents, including agents’ fees and charges.
  • The regulation of houses in multiple occupation (HMOs), including the operation of discretionary licensing schemes imposed by a local authority for a category of HMO in its area.
  • Tenancy agreements and length and security of tenure.
  • How local authorities are discharging their homelessness duty by being able to place homeless households in private sector housing. Continue reading Enquiry into Private Rented Sector gives opportunity to voice opinion

Norwich City Council use Proceeds of Crime Act against Criminal Landlord Landlord News, Latest Articles, Property News

Norwich City Council is the first local authority in the country to use Proceeds Of Crime Act (POCA) 2002 against a Criminal landlord who failed to comply with HMO license conditions.

Mr Joseph Howman, of Grosvenor Road, Norwich, pleaded guilty to nine offences under the Houses in Multiple Occupation Regulations 2006 and did not meet the standards required of a landlord in the Licence Conditions (part 2, Housing Act 2004). Continue reading Norwich City Council use Proceeds of Crime Act against Criminal Landlord

SpareRoom reports a massive rise in shared accommodation adverts HMO's & Student Lets, Landlord News, Latest Articles, Lettings & Management, Property Investment News, Property Market News, Property News

House shares with six or more bedrooms are the fastest-growing property type on the SpareRoom website as landlords react to increased demand for lower rents. But as the cost of living soars and demand for rooms in larger properties increases, the trend could lead to a growth in unlicensed ‘houses in multiple occupation’ (HMOs).

Over the past year, SpareRoom has seen a 59% surge in rooms available in bigger house shares with six or more bedrooms, a 51% increase in rooms in five-bedroom house shares and a 43% rise in rooms in four-bedroom house shares. In London, SpareRoom’s figures show a massive 79% hike in rooms in properties with six or more bedrooms and a 74% increase for rooms in five-bedroom properties. Continue reading SpareRoom reports a massive rise in shared accommodation adverts

Renting HMOs Sussed – BOOK REVIEW HMO's & Student Lets, Landlord News, Landlords Stories, Latest Articles, Lettings & Management, Personal Development & Motivation, Press, Property Investment News, Property Investment Strategies, Property News, Property118 News

Property118 Columnists HMO Landlady and Ben Reeve-Lewis have had their book “Renting HMOs Sussed” published and it is now available to purchase via Amazon.

If you are a regular reader of Property118 you will know that both Serena (HMO Landlady) and Ben are known for “saying it as they see it“. Neither of them pull any punches and they could certainly never be accused of always painting just the glossy picture of being a landlord. Their own styles of humour mixed with wealth of practical experience are just the same in the paperback as you will have found in their musings here at Property118. Continue reading Renting HMOs Sussed – BOOK REVIEW

Task force targets criminal ‘beds in sheds’ landlords Buy to Let News, Latest Articles, Lettings & Management

Beds in sheds landlords are the target of a new government campaign to crack down on shoddy housing.

Housing minister Grant Shapps is spearheading the battle against the spread of ‘suburban shanty towns’ by injecting £1.8 million into a fighting fund for nine councils. Continue reading Task force targets criminal ‘beds in sheds’ landlords

HMO landlords wait for article 4 test case Buy to Let News, HMO's & Student Lets, Latest Articles, Property Market News

As councils across the country ramp up their campaign against student landlords and houses in multiple occupation (HMOs), the Residential Landlords Association and leading property solicitors claim tougher planning rules may not prove to be the answer to controlling shared homes.

The issue is a technical problem that may not be settled until a council rejects a planning application for a small HMO and the landlord takes the matter to appeal in front of a planning inspector. Continue reading HMO landlords wait for article 4 test case

Landlords blamed for buying up family homes Buy to Let News, HMO's & Student Lets, Latest Articles, Property Market News

Councillors are blaming student landlords for a shortage of affordable homes for families that is ‘distorting’ the housing market.

Now, councillors in Chichester, Sussex, are considering planning controls to stop landlords opening new houses in multiple occupation shared by students.

An internal council report claims student landlords cater for around 40% of the local university’s first-year students, when most universities offer beds to all their first year intake. Continue reading Landlords blamed for buying up family homes

Crooked landlord admits stealing student deposits Buy to Let News, Cautionary Tales, HMO's & Student Lets, Latest Articles

A university had to take on extra staff to deal with complaints about a landlord who stole deposits on student housing.

Detectives claim 18 theft charges admitted by Tariq Zaman, 42, at Leeds Crown Court were just a ‘representative view’ of the money he stole over several years letting houses in multiple occupation (HMOs) owned by him and his family in the city. Continue reading Crooked landlord admits stealing student deposits

Property investors target better yields Buy to Let News, Latest Articles, Lettings & Management, Property Investment News, Property Market News

Property investors are targeting high-yielding HMOs and commercial property in a switch away from buy to let, according to a new survey.

Confidence in the property market is high – and up to 60% of landlords are looking at better returns from their investments over the next six months, says the report from a mortgage broker. Continue reading Property investors target better yields

Are HMO landlords really missing out on tax relief? Buy to Let News, HMO's & Student Lets, Latest Articles, Tax and Accountancy

Dozens of firms offer to help shared house landlords claim thousands of pounds in lost tax reliefs – but does the lost relief really exist?

The confusion surrounds houses in multiple occupation – HMOs – which are homes where several tenants have their own rooms, but share cooking and bathroom facilities.

Tax rules ban claiming capital items, like boilers and fire safety equipment in residential property unless they are in communal areas. Continue reading Are HMO landlords really missing out on tax relief?

New mortgage deals for HMO and student landlords Buy to Let News, Latest Articles, Lettings & Management, Mortgage News

– News Sourced by Property118 News Team –

Kent Reliance has launched 80% loan-to-value buy to let and HMO mortgages. Rates include two and three year fixed and discounted deals.

The lender has joined the ranks of few banks and building societies inviting applications for houses in multiple occupation loans, specifically for student landlords.

HMO, student let and limited company mortgages start at 5.19%. Continue reading New mortgage deals for HMO and student landlords

Council hit-team takes on hardcore rogue landlords Buy to Let News, Cautionary Tales, Latest Articles, Lettings & Management

A council hit-team is readying to prosecute rogue landlords who have dodged signing up to a selective licensing scheme.

The team is tracking down a group of landlords in Sunderland who have ignored calls to license their buy to let and HMO properties in the city.

Investigators are planning to interview them under caution with a view of sending them to court if they still fail to join the scheme. Continue reading Council hit-team takes on hardcore rogue landlords

HMRC Tightens Tax Screw on Landlords Buy to Let News, Financial Advice, Latest Articles, Property Investment News, Property Market News, Tax and Accountancy, Tax News

The tax man is tracking down landlords with undeclared rental income by demanding lists of property clients from letting agents.

Letting agents all over the UK are having to submit client lists with names and addresses of landlords and their rental properties to HM Revenue and Customs.

For many letting agents, this is the first time HMRC has asked for the information. Continue reading HMRC Tightens Tax Screw on Landlords

Fed-up Residents Start Anti-Landlord Poster Protest HMO's & Student Lets, Latest Articles, Property Market News

Student landlords are bearing the brunt of protests from residents fed up with noise and rowdy behaviour.

Residents from neighbourhoods in major university cities all over the country are voicing their anger at student developments and shared houses.

In Fallowfield, Manchester, residents have started an anti-landlord poster campaign after they encountered problems selling homes. Continue reading Fed-up Residents Start Anti-Landlord Poster Protest

Article 4 Directions – a Southampton Perspective Buy to Let News, Guest Columns, HMO's & Student Lets, Latest Articles, Property Market News

Article 4 Directions for managing HMOs will only work if they are accompanied by good planning policies – a Southampton perspective

By Guest Columnist Cllr Jeremy Moulton, Conservative Councillor for Freemantle Ward

On 23rd March Southampton City Council will join a number of other councils who have implemented new planning rules, called an Article 4 Direction, which governs houses in multiple occupational (HMOs). This will mean that landlords looking to convert an existing family home to an HMO will require planning permission. Currently only HMOs with more than 6 tenants need planning permission but the new rules will also apply to ones with 3 to 6 unrelated people. Continue reading Article 4 Directions – a Southampton Perspective

Santander Joins Buy to Let Mortgage Frenzy Buy to Let News, Latest Articles, Lettings & Management, Property Investment News, Property Market News

Santander has joined the buy to let lending frenzy with a range of purchase and remortgage deals for landlords.

The property investment loans are available from IFAs and mortgage brokers under the Abbey for Intermediaries banner. Continue reading Santander Joins Buy to Let Mortgage Frenzy

Drug Dealing Landlord is Worth Just £266 Cautionary Tales, HMO's & Student Lets, Latest Articles

A drug dealing landlord who planned to run a cannabis factory in a charity hostel has assets of just £266 to set off against profits of £7,000 from his crimes.

Naeem Sarwar, 33, the resident landlord at Maundy Relief in Union Road, Oswaldtwistle, Lancashire, was arrested when police raiding his flat found £5,000 of cannabis in hundreds of ‘wraps’ for selling. Continue reading Drug Dealing Landlord is Worth Just £266

Eyesore Extensions Must Go, Planners Tell Landlords Buy to Let News, HMO's & Student Lets, Latest Articles, Lettings & Management, Property Investment News

Planners are cracking down on landlords who have added extensions to 24 homes in just three streets without permission.

Manchester City Council says 14 of the illegal extensions were built on properties owned by two landlords. Continue reading Eyesore Extensions Must Go, Planners Tell Landlords

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