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 […]
A property search engine is claiming that landlords are deserting the private rental sector in their droves. Home.co.uk says there has been a 12% drop in listings for rental properties in the last year, and a 20% drop in London, where prices are much higher.
Labour is trying to push through a new law that limits the deposit landlords can charge tenants. If they are successful, the most a landlord will be able to charge is three weeks’ worth of rent. The government is currently proposing an amendment to the Tenants Fees Bill that will limit a tenant’s deposit to […]
The RLA claims the Right to Rent rules are creating a hostile environment, with 42% of landlords unwilling to rent properties to non-British people. This is making it very difficult for people without the right documentation to find homes in the private rental sector. “This is causing needless tension and concern for tenants and landlords. […]
The number of landlords re-mortgaging their properties in the first three months of this year has increased in the first quarter of 2018. Data compiled by Paragon, a leading buy to let mortgage provider, shows that 52% of mortgage applications were from landlords looking for refinancing deals on their portfolios. This is a sharp increase […]
An experienced landlord with several properties in London says it is “beyond cheeky” that many letting agents charge tenants hundreds of pounds to secure a property. The same letting agents are charging landlords for the same services, so they are enjoying two bites of the same cherry.
Sadiq Khan, Mayor of London, has created a rogue landlord database to try and stamp out bad landlords. Now, all 33 boroughs in London have now signed up to the database, which will make it much harder for rogue landlords to slip through the net.
The rise of property letting websites like Airbnb has been both a blessing and curse for landlords. One the one hand, letting out properties via Airbnb is both easy and profitable. If you own a property in a popular tourist destination, you will make more money with short-term lets than you would looking for a […]
A landlord from Northumberland has been convicted of modern-day slavery offences after forcing his tenants to work for free. Following a trial at Newcastle Crown Court, the landlord was also convicted of supplying Diazepam to his tenants and beating them up if they failed to comply with his demands. He was found guilty of six […]
The National Landlords Association (NLA) has carried out research in the private rental sector, which reveals that 19% of landlords surveyed intend to sell some or all of their portfolios in the next 12 months. 45% of these landlords plan on offloading flats and 33% plan on selling terraced properties. This is good news for […]
A landlord has been taken to court, charged with eight counts of modern slavery, robbery, and drugs related offences. Six complainants came forward and the landlord was later charged.
Whether you are an experienced investor, or you are considering dipping a toe in the water, the National Landlord Investment Show is the place to be. The event is being sponsored by Asian Today, LandlordZONE, and Clive Emson Land & Property Auctioneers.
A survey carried out by an online letting agent has found that a third of landlords are considering selling up and leaving the private rental sector. Many of those interviewed claimed problem tenants were making the PRS nonviable. They cited rent arrears and property damage as their biggest problems.
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