According to UK insurer, LV, part-time landlords are earning billions in rent, but are not reinvesting the money back into their rental properties. A recent survey by LV has revealed that a large proportion of part-time landlords are failing to meet their legal responsibilities.
There are many stories in the press about rogue landlords letting out squalid houses, but a story in the news this weekend has really taken things to a whole new level.
A recent BBC report has revealed a severe shortage of student accommodation across the UK following government relaxation of student numbers in this year’s admissions. This is putting enormous pressure on providers in many locations and in some cases students are being forced to share rooms.
New research from Homelet has revealed that the cheapest place to rent a home is Plymouth. The average rent in Plymouth is £510 per month and the average wage is £30k per year. This means the monthly rent is around 27% of a buy to let tenant’s income. Cardiff is the second cheapest place to […]
The Residential Landlords Association is campaigning against a private members bill put forward by Liberal Democrat MP Sarah Teather, which is about to be discussed in the Commons.
Zero hour contracts are becoming increasingly common amongst lower paid workers. Big companies such as Amazon, Sports Direct, and Mc Donald’s all routinely offer their employees zero hour contracts. This means the workers are not guaranteed any hours and may therefore not get paid.
The government has issued a support pack to help social landlords prepare their tenants for the introduction of Universal Credit early next year. The support pack contains information and links to useful documents, including debt advice locaters.
The government is planning on changing the rules of a green heating incentive scheme to make it simpler for social landlords to apply. A major barrier was lifted yesterday when the government took away the requirement for social landlords to also apply for a Green Deal assessment.
Some of Britain’s biggest landlords are discriminating would-be tenants on zero hours contracts, so workers who have no fixed hours could find it difficult to secure a tenancy.
A recent survey carried out by a rental property website, www.easyroommate.co.uk, has revealed that the vast majority of landlords are unaware of recent changes to the immigration rules applying to tenants.
The Bank of England could soon be placing restrictions on buy to let lending, according to Chancellor George Osborne. The Treasury is planning tough new rules for residential borrowers, including loan caps, but it looks as if landlords will also be facing the same restrictions next year.
Police are warning landlords to be vigilant, as the number of cannabis factories in rental homes across the UK soars. The recent prosecution of a twelve-man gang has raised the profile of the cannabis problem affecting towns and villages across England and Northern Ireland
The ‘Let Property’ campaign is just one of the many government initiatives by HMRC to try and claim back some of the estimated £500 million in unpaid tax revenue. In the past, HMRC has targeted numerous groups of people for non-compliance, but last year it focussed its attention on landlords.
The Residential Landlords Association has announced that the All Party Parliamentary Group (APPG) is launching an enquiry into the private rental sector in order to assess what impact (if any) Sarah Teather MP’s proposed Tenancies (Reform) Bill will have on landlords and tenants.
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