‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾ While much is said about a possible landlord register being introduced in England to crack down on rogue landlords, it’s a pity that one can’t be set up to protect landlords from rogue and violent tenants. Last month, it was revealed that one woman made a career of renting houses from unsuspecting landlords. Once […]
Scotland’s Government has been urged to review its landlord registration scheme. Since the register has been introduced in January 2007, not one landlord has been prosecuted for failure to register with the scheme. Alex Neil, Housing Minister in Scotland stated that in excess of 1,200 notices have been issued by the end of March this […]
Residential rental arrears have had a massive negative impact on private landlords in the UK. The introduction of the policy by the then Labour government in April 2008 for LHA payments to go direct to the tenant, rather than the landlord has had a detrimental effect on the private residential sector. Pre-election, the Conservative Party […]
L4L’s Winning Franchise With rents fast approaching their 2007 peak, and private residential property in much demand, landlords are now looking to increase their portfolios. The PRS is becoming a growth industry, through lack of consumer mortgages and social sector housing. The industry sectors supporting and supplying services to letting agents and landlords are rapidly […]
It’s been an uneasy period in the UK for Landlords and Letting & Estate Agents this year, while we await news on the PRS industry following the elections last month. As the HIP packs have been abolished, the UK has seen a raised increase of houses coming onto the market as owners initiate sales. The […]
Arguments regarding the controversial hike in Capital Gains Tax were being taken ‘carefully into consideration’, said Prime Minister David Cameron yesterday. Indicating a tapered increase, Cameron promised to listen and consider the advice of his fellow Tory backbenchers. The CGT hike, which was promised in the coalition agreement to raise it in line with income […]
‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾ Despite the unstability of the UK property market, PRS is fast becoming a growth industry. Rents are still rising, regardless of uncertain economic conditions. Annual yields appear to have increased within the private residential sector to nearly 5 per cent from last year. Rents are now approaching their 2007 peak, with a rise in […]
As mentioned in the last update, Kensington are now back in the Buy-to-Let market, having re-entered the residential market last month. At the moment, their product range is limited but their 2-year Fixed is at 5.69% with the usual 125% rental calculation. However, they don’t credit score any applications, they will allow income verification by Qualified […]
With the new coalition government’s emphasis on energy and the need for homes to come in line with the aim of cost efficiency for consumers and for the environment, still many landlords are unaware of the Warmfront initiative.
We’ve had a lot of enquiries from landlords concerning the CGT rise that was proposed in the coalition agreement. Below is the document as set out by the coalition government. The Agreement This document sets out agreements reached between the Conservatives and Liberal Democrats on a range of issues. These are the issues that needed […]
As more UK consumers find difficulty in obtaining mortgages, many are now opting to rent. With social housing waiting lists limited, a tenancy in the social residential sector can take years to come to fruition with little if no choice of which property will be offered.
The end of last week saw Conservative MP Grant Shapps named as the new housing minister. The first change effecting housing policy sees the scrapping of Labour’s Home Information Packs (HIPS), which comes with mixed feeling within the industry.
Landlords are finally able to sigh with relief as a decision by the Bank of England’s Monetary Policy Committee has voted to hold interest rates again at 0.5%, last week.
With more homeowners than ever considering letting their homes due to the current property slump, how do they know their going about it the right way? Many homeowners feel somewhat overwhelmed and daunted at the process they invariably encounter when considering letting their homes. This new breed of landlord may have made the choice to […]
While buy-to-let lending is still considerably less forthcoming (to say the least) since it reached its peak three years ago, there seems to be a little movement in this sector as reported by Mark Sorby of J. Montagu Financial Solutions.
In February 2010, Housing Minister, John Healey announced a new package of measures, which have been designed to protect tenants in the privately rented housing sector. The new package, which Mr. Healey presented offers tenants: Requirement for written tenancy agreements in all tenancies that will strengthen the hand of tenants should they face a dispute. […]
The amount of consumers opting to rent living accommodation is now surpassing the number of rental properties available and landlords are now beginning to extend their portfolios in a bid to supply the new demand.
Any property which is let to 3 or more unrelated sharers will autimatically become classed as ‘2 or more households’. The property, deemed as a HMO will require planning permission. The legislation will have a massive negative impact on both landlords and students.
*All prices listed are subject to change
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