A newly published report by the RICS has highlighted the scale of the problem about to hit the private rental sector. Experts predicted that many landlords would sell up as soon as government tax changes began to bite, but now it seems they are leaving in record numbers.
Following the recent increase in the Bank of England’s base rate from 0.5 percent to 0.75 percent, landlords are being urged to check their current financing arrangements. Experts are warning that…
A Liverpool landlord has been left seriously out of pocket after tenants trashed his rental property. He is now calling for the council to do more to support hard-working landlords…
Councillors in Cheshire East have amended their housing policy to crack down on rogue landlords operating in Crewe and Nantwich. Private landlords have been warned to expect tough penalties if they don’t comply with the revised housing standards. Landlords who continue to supply poor quality housing could face a number of serious penalties.
The majority of UK landlords do not run their portfolios full-time. Around 60% of buy to let investors only own one property, which has made them vulnerable to recent government legislative changes. It’s estimated that 20% of these amateur landlords are planning to sell up and leave the buy to let sector in the next […]
With the August 1st deadline almost here, Nottingham has only received licensing applications from 10% of the city’s properties. There are 32,000 properties in the designated areas covered by the new landlord licensing scheme require a landlord licence. Up until the 28th of July, only 3,140 applications had been received by the council. Landlords who […]
Fergus Wilson, the UK’s most controversial landlord, says he wouldn’t bother entering the buy to let sector. Wilson owns 400 properties across Kent. He used to own around 1,000 properties, but he’s been selling them off since 2016. There was some the talk of him selling his entire portfolio, but so far, he hasn’t done […]
Landlords are scaling back on their property investment purchases. UK Finance figures reveal that buy to let home purchases via a mortgage are 19% down on the same period last year. Experts believe this is because of government tax changes and increased regulation in the sector. The loss of mortgage interest tax relief, a higher […]
Landlord licensing schemes are becoming increasingly common, especially in London where rental housing is very common. Nottingham landlords are faced with a new scheme that starts in August whilst Luton council is one of many looking closely at the idea. Local housing chiefs say that introducing landlord licensing helps them to crack down on rogue […]
The government wants to bring in minimum three-year tenancy contracts for tenants, but landlords are not happy. They say most tenants don’t want this.
The Residential Landlords Association is calling for the government to scrap the 3% stamp duty land tax on second and subsequent homes. It says the 3% SDLT should not apply to properties that add to the overall housing stock.
A rogue landlord has been jailed for 16 weeks after illegally evicting 35 men from a three-bed property. Ilie Florin Dragusin had illegally sub-let his three-bed property in London to make extra money.
A rogue landlord convicted of letting out illegally converted flats in London had been ordered to repay the £300k he made in rental income. If he fails to pay the money back within three months, he could be sent to prison. The landlord illegally converted a house in Crouch End into nine tiny dwellings. Haringey […]
Thanks to tax changes implemented by the government in a bid to dampen down the buy to let market, many smaller landlords have been selling up and leaving the sector. There is now new evidence that it isn’t all doom and gloom. Recent research suggests that student lets perform well in popular student towns and […]
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