A landlord left with a £10k bill for damages and court costs after finally evicting a problem tenant is calling for a change in the law. The tenant, a single mother with three children, moved into the “immaculate” property in September 2016. It wasn’t long before she defaulted on the rent.
Research carried out by the NLA has revealed that landlords are often unwilling to let properties to tenants in receipt of Universal Credit. Only 20% of landlords said they would accept a benefits tenant. This figure has dropped from the 34% of landlords who were willing in 2013.
On the face of it, Oxford would seem like a great city for student landlords. With student properties commanding, on average, £2,352 per month with four people sharing, rental yields should be good. There is also no shortage of students, as Oxford University is one of the most prestigious in the world. However, a recent […]
London Mayor, Sadiq Khan, has confirmed that any legal cases pursued by the London Fire Brigade (LFB) would now be included in the Rogue Landlord’s database. This confirmation came in response to a query during a Mayor’s Questions session last week.
A Liverpool landlord has been prosecuted by Liverpool council for allowing one of his properties to fall into an advanced state of decay and disrepair. The court action is part of a wider crackdown on landlords who fail to look after empty properties.
Data released by ARLA has revealed some interesting new trends related to landlords and the buy to let sector, which are unsurprising given the widespread changes the sector has undergone in the last 18-months.
New research compiled by a firm of international payments experts has labelled the UK as one of the least friendly countries for landlords. A year ago, the UK was #15 on the list. Now it is #25. Much criticised government reforms such as the abolition of mortgage interest tax relief and extra stamp duty have […]
Landlords everywhere are suffering from the increased Stamp Duty charges introduced by George Osborne when he was Chancellor of the Exchequer. However, landlords purchasing properties in the south east and London are suffering more than most.
In the UK, we don’t need to worry about hurricanes, but in other parts of the world, severe weather is commonplace. Hurricane Harvey has caused billions of dollars’ worth of damage across the southern states in the US, and with Hurricane Irma tracking its way across the Caribbean, homeowners, landlords, and tenants are about to […]
Research carried out by BDRC Continental has found that 30% of landlords have increased rents in response to government tax changes in the private rental sector. The biggest increases were in the East Midlands. Here, 41% of landlords are currently reviewing their rents. The survey also found that just over 70% of landlords reported feeling […]
Nobody enjoys paying taxes but, sadly, there are only two things that are certain in life: death and taxes. Capital Gains Tax is payable upon the sale of a rental property, but a Hampshire landlord thought he was above the law. Unfortunately for him, he was wrong. The landlord sold two rental properties between 2006 […]
Contrary to its original estimates, the so-called Landlord Tax has raised twice as much as Treasury officials originally estimated it would. Since the extra 3% Stamp Duty for landlords and homeowners investing in second or subsequent properties was introduced in April 2016, the government has raised £2 billion.
Despite many landlords claiming they will have no choice but to hike rents if they become responsible for paying letting agent fees, the Welsh Government has produced a report that says there is no reason why landlords shouldn’t be responsible for paying letting agent fees up front.
A-Level results are out and the start of another academic year is almost upon us. For student landlords all over the UK, now is a busy time, but figures released by a leading landlord insurer suggests they are getting well paid for their trouble. The insurer looked at the investment potential of all major university […]
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