In 2012, there were 2.58 million private landlords. By 2017, the number had risen to 2.88 million, as more people bought into private rental housing in a bid to make extra money and shore up their retirement income. But thanks to government tax changes, this number dropped to 2.66 million in 2019. Does this data […]
New research commissioned by the Telegraph has found that rising property maintenance costs are crippling many landlords, forcing them to leave the buy to let sector or target more profitable tenants.
Research carried out by an energy provider switching site has revealed that 250k landlords in the UK could be in breach of the minimum energy efficiency standards when April 1 2020 comes around. If they are, they risk being fined up to £5,000.
Research data published by the 2018-19 English Housing Survey has revealed that tenant demographics are changing. Many landlords assume that the vast majority of tenants fall in the under 30 age group, as these are the people who can’t afford to buy. However, the stats indicate that there has been a sharp rise in the […]
We hear a lot about rogue landlords in the press, but not so much about rogue tenants. Don’t let this lull you into a false sense of security! There are some shocking stories of rogue tenants out there, some of which are so stomach-churning that your breakfast could be in jeopardy…
In England, it takes a landlord 17 weeks, on average, to evict a tenant – that’s 119 days. North of the border, things are a lot different.
100 councils across England have been given a share of a £4m pot of cash, to help them tackle issues brought by rogue landlords in their boroughs. Some of this money will be invested in new technology, such as smartphone apps.
Legislation capping tenants’ deposits has led to a festive bonus for some tenants in the UK. Now that deposits are capped at five weeks’ worth of rent, tenants are receiving a rebate when they come to renew their tenancy.
2019 has been a difficult year for landlords. The continued loss of mortgage interest tax relief, as well as the introduction of Making Tax Digital, have not helped instil a sense of confidence in the private rental sector. As a result, many landlords are predicting more doom and gloom ahead…
A district judge has slammed a rogue landlord for his crimes against tenants. In his ruling, the judge told the court that the landlord, George Lindsay from Birmingham, was worse than Scrooge and he wished he had the powers to send him to jail. Sadly, he didn’t, so he was fined £19,970 instead…
The next General Election is just around the corner. So, to help you out, we have looked at what each party has planned for the buy to let sector. Read on to find out what your choices are.
Landlord repossessions are on the rise. Data released this week has revealed that 800k landlords had their properties repossessed in Q3 of 2019, which is a huge 40% rise on the same period of the previous year. Serious mortgage arrears have risen by 9%, although arrears overall are slightly below the figures from last year.
The Tenant Fees Act came into force in June. It is designed to prevent landlords and letting agents from overcharging tenants. Since this has come into force it’s meant that landlords must now refund any part of a tenant’s deposit that exceeds the statutory five-week cap.
Heat and hot water are two things a landlord must provide. Bedrooms should be at least 18 degrees Celsius and living areas 21 degrees Celsius. Most tenants expect to have control over when the heating comes on, for how long, and also whether there is any hot water…
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