Data published by a leading estate agent shows how much the buy to let sector has changed in the last three years. As predicted by many experts, a large number of smaller landlords have left the sector and there are now around 160k fewer rental properties.
Tower Quay properties who look after more than 100 properties for millionaire John Christodoulou have refused rent reductions for tenants. The block in east London is home to more than 100 tenants, all of whom sent a letter to the managing agent, requesting a reasonable 20% rent reduction because of the pandemic. However, Tower Quay […]
It’s difficult to stay up to date with the latest news and legislation at the best of times, but during the coronavirus epidemic things change quickly and with very little notice. Luckily there are plenty of places Landlords can go to keep on top of everything. In this post we’ll share the top coronavirus information […]
Coventry City Council has come under fire from the National Residential Landlords Association after pushing ahead with a landlord licencing scheme for HMO properties. The NRLA says the scheme is in direct contravention of the government’s guidelines, which state councils should not implement non-mandatory licencing schemes while the pandemic is ongoing.
Retail tenants in a major shopping centre in London were shocked to receive a blunt warning from their landlord. It said in no uncertain terms: pay your rent or the next step is court. Before Covid-19 struck, commercial landlords considered court action as a last resort, only done when all other steps to recover the […]
Commercial landlords are accusing tenants in the retail and hospitality sectors of deliberately withholding rent to save money while they navigate the stormy waters of the current coronavirus crisis. Many landlords are now threatening legal action in a bid to recover the outstanding rental payments.
The UK is a very different place since coronavirus struck. Businesses have gone bust and a lot of people are out of work. The government has been forced to pull a few rabbits out of the hat to try and prevent economic catastrophe. These measures have included plans to help landlords and people living in […]
The press is full of negative news right now, but like a shining ray of hope, we have come across some lovely stories of kind-hearted landlords willing to put their own needs aside to help their tenants.
So, we’re here again, another month another newsletter article. What do I write? Simple, I open my pre-prepared list of ideas, choose the one I think is most meaningful for this month, and start typing words onto the page…
The COVID-19 pandemic is understandably causing a lot of people significant stress right now. From concerns over vulnerable relatives and the potential loss of work to panic buying and stripped supermarket shelves, these are uncertain times. But one landlord’s kind action has prompted thousands of people to share messages of support using the hashtag #ThankyouMrLandlord.
The Residential Landlords Association is warning landlords that many tenants are living in their overdrafts. With the new FCA rules on overdraft fees coming into effect in April, it’s likely that many tenants will slide further into debt – which could impact their ability to pay the rent on time.
The RLA has helped a landlord win his case against a local authority that rejected a Housing Benefit claim by his elderly mother, the tenant.
Not all tenants live in the private rental sector out of necessity. Some people would rather rent a home than buy one. Where tenants live in the private rental sector by choice it’s usually because it makes sense for their lifestyle at that time.
In 2012, there were 2.58 million private landlords. By 2017, the number had risen to 2.88 million, as more people bought into private rental housing in a bid to make extra money and shore up their retirement income. But thanks to government tax changes, this number dropped to 2.66 million in 2019. Does this data […]
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