Landlord licensing schemes are not popular with landlords, as many believe they create extra red-tape and increase landlord costs. As a result of complaints, some areas have had their requests to impose a landlord licensing scheme revoked by the Department for Communities and Local Government. However, whilst a landlord licensing scheme may not be terribly popular, it has highlighted that many landlords are not declaring their rental income to HMRC.
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Manchester Beats London in the Landlord Investment Stakes
A few years ago, London was a hotspot for landlord investment, but a UK finance body has published figures that suggest London’s star is fading fast. Landlord investment in the capital has fallen by over 50% in the last year.
On average, there were around 2,500 properties bought with a landlord mortgage during 2014 and 2015. By the first quarter of 2017, this figure had dropped to 1,126. Read more…
Is it Time to Say Goodbye to Buy to Let?
According to one landlord, the answer is a resounding “yes”. An Oxford landlady has decided to sell up after 13 years running a profitable buy to let flat in Oxford. She has recounted her experiences in the Guardian, including some of the valuable lessons she learned during her time as a landlady in Oxford. Read more…
Landlords Not Letting to Younger Tenants
A study carried out by Sheffield Hallam University has found that landlords are increasingly refusing to let properties to tenants under 35. 1,996 tenants were questioned as part of a study commissioned by the Residential Landlords Association. 79% said they had changed their rental policy to exclude people aged 34 and under. Only a small minority of landlords were actively looking for younger tenants.
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Are Your Tenants Hiding Pets?
According to a recent survey of 2,000 tenants, just over a quarter of UK tenants have not admitted to their landlord that they owned a pet before moving into a rental property. With the number of people living in the private rental sector soaring in recent years, this is hardly surprising. Many landlords don’t allow pets in their houses, so tenants with much-loved pets often lie rather than rehome their furry friends. Read more…