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The Landlord Vision property management software blog

Keep up to date with the latest landlord news

HMOs Trump Traditional Buy to Let Rentals

Despite tax changes and a tightening up of mortgage borrowing, buy to let landlords can still make a profit – just. Of course, some areas are more profitable than others, with Liverpool and Nottingham the two top areas in 2018. But, whilst property yields for traditional buy to let rentals are generally around the 6% mark at best, it is possible to achieve yields of 8.9% if you switch to letting out individual rooms in one property, also known as an HMO.

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Landlords Could Soon Be Sued for Providing Sub-Standard Accommodation

The government has confirmed it will be supporting the Fitness for Human Habitation and Liability for Housing Standards bill put forward by Karen Buck, Labour MP. The bill will receive a second reading this Friday, and if it is passed, tenants living in the private rental sector will soon have the power to sue landlords who let out properties with serious electrical problems, leaking roofs, damp, and other health and safety issues.

 

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