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 […]
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.
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