Student accommodation is always in demand. Not all universities have halls of residence and many second and third-year students prefer to live off-campus. This creates a wealth of opportunities for student landlords. However, there are extra expenses involved.
Lettings relief is a valuable relief currently available to landlords who at some time have lived in the property they are selling as their only or main residence and for which an amount of principal private residence relief (PPR) is available. Here we’ll explain what it is and how it’s changing.
There have been numerous stories in the press detailing how vulnerable tenants are struggling to cope after being switched to Universal Credit. Now, a government survey sheds further light on the problems faced by tenants and landlords.
A Ministry of Housing survey has revealed that landlords only earn around £15k a year. This is a far cry from the public perception of landlords. Many people assume landlords earn a fortune from letting properties out to tenants, but this data shows most landlords can’t only afford to run their property businesses part-time. Indeed, […]
The Association of Residential Letting Agents is warning that the rent controls Labour wants to introduce will worsen the current rental housing crisis. ARLA says any attempt to cap rents on rental properties will drive even more landlords out of the buy to let market.
For many years, London was the biggest buy to let hotspot in the UK. Property was expensive, but demand for rental homes was so high, landlords were queuing up to jump on the bandwagon. Then property prices went through the roof and demand stalled because tenants couldn’t afford to pay sky-high rents. Today, rental yields […]
Most of us have had our fill of hearing about Brexit. Three years on and nothing much has changed. We are still in the EU and the politicians in Westminster are still arguing over the finer details, like the backstop. All in all, there still isn’t much light at the end of the tunnel! But […]
It takes more muscles to frown than to smile. I’m sure you’ve heard that before. What you won’t have heard is that it takes more effort to give up than to keep going, but it’s true. Christmas and New Year happened, then it was back to business as usual. This is the time of year for […]
Self-assessment is a headache at any time of the year but imagine if you could be recording your income and expenditure through the year and then…ping!.. you press a button and have all of the figures you need for the land and property section of your tax return? Landlord Vision does exactly that for you […]
A Daily Mail report has concluded that the government’s crackdown on buy to let landlords has forced many smaller landlords out of the market. Analysis by the Daily Mail has found that mortgage applications have fallen by 60% in the last ten years, from 183k in 2007, to less than 70k in 2018. Landlords are […]
New licensing laws in Preston could affect thousands more landlords. Up to 4,000 more properties now fall under the umbrella of Preston City Council’s HMO licensing laws. If landlords of these properties fail to apply for an HMO licence, they face unlimited fines. They could also be banned from operating rental properties in the future.
A shocking investigation by the Guardian has exposed the ineffective regulations hampering the fight against rogue landlords in the private rental sector. It’s business as usual for one notorious rogue landlord. Bernard McGowan has been convicted of numerous property offences, yet he is still running a very lucrative buy to let property empire. Astonishingly, McGowan […]
A Hull landlord is tearing his hair out because he can’t get rid of his tenant. He is desperate to evict the mother-of-five, but he’s tried everything and, so far, she hasn’t gone anywhere. Meanwhile, the property is sustaining more and more damage.
The Housing Minister has announced that more than 50 local authorities are being given access to a £2.4 million pot of cash to help them tackle the scourge of rogue landlords. It’s not a whole lot per council – only £48,000 each – but it’s better than nothing.
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