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 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
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?
– 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
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
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
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 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 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
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