A Daily Mail report has concluded that the government’s crackdown on buy to let landlords has forced many smaller landlords out of the market. Analysis by the Daily Mail has found that mortgage applications have fallen by 60% in the last ten years, from 183k in 2007, to less than 70k in 2018. Landlords are […]
New licensing laws in Preston could affect thousands more landlords. Up to 4,000 more properties now fall under the umbrella of Preston City Council’s HMO licensing laws. If landlords of these properties fail to apply for an HMO licence, they face unlimited fines. They could also be banned from operating rental properties in the future.
A shocking investigation by the Guardian has exposed the ineffective regulations hampering the fight against rogue landlords in the private rental sector. It’s business as usual for one notorious rogue landlord. Bernard McGowan has been convicted of numerous property offences, yet he is still running a very lucrative buy to let property empire. Astonishingly, McGowan […]
A Hull landlord is tearing his hair out because he can’t get rid of his tenant. He is desperate to evict the mother-of-five, but he’s tried everything and, so far, she hasn’t gone anywhere. Meanwhile, the property is sustaining more and more damage.
The Housing Minister has announced that more than 50 local authorities are being given access to a £2.4 million pot of cash to help them tackle the scourge of rogue landlords. It’s not a whole lot per council – only £48,000 each – but it’s better than nothing.
Universal credit has been highly controversial since it was first introduced back in 2013. On paper, it sounded like a good idea. Rolling individual benefits up into one single payment cuts red tape and makes it easier for benefits claimants to apply. However, in practice, it has caused a issues for the government – and […]
New research published by the National Landlords Association has revealed that many landlords are struggling to keep their heads above water. NLA research indicates around 79% of landlords are finding it impossible to pay more than the interest in their buy to let mortgages. They say this is down to the rising costs of being […]
Research carried out by Hamptons has found that the number of overseas landlords owning and operating buy to let properties in the UK has halved since 2010. Eight years ago, 14.4% of landlords in the private rental sector were living overseas. Now, overseas landlords only account for 5.8% of the PRS.
It’s Christmas so we made a fun, light-hearted quiz. Are you a grumpy Christmas landlord? Or are you the embodiment of Christmas spirit? Before sharing this quiz, everyone at Landlord Vision tried it out – you don’t see quizzes that often in our line of work – not one of us got Cheerful Christmas landlord! […]
A landmark case, S Franses Ltd v The Cavendish Hotel (London) Ltd, could have far-reaching repercussions for landlords. The case revolves around a landlord’s refusal to renew the tenant’s tenancy agreement, on the grounds that they wanted to carry out renovation works.
Judith Wilson, the wife of Britain’s most controversial landlord, Fergus Wilson, has been fined £25,000 after leaving a disabled tenant without hot water for several months. The court found that Mrs Wilson ignored enforcement notices from the council requesting that she rectify the problem.
Experts say the definition of a professional landlord is someone who rents out a property for monetary gain. This would include a professional landlord with a property portfolio. Equally, it could also include a so-called ‘accidental landlord’ who lets out an inherited property or home while waiting for it to sell. A professional landlord is […]
Location is very important when it comes to buy to let returns. Most property investors know that London is no longer as attractive, due to punitive property values, but the good news is there are several other cities where rental yields far exceed anything on offer from a high street savings account.
The government may be embroiled in Brexit woes right now, but it has managed to find the time to do a u-turn on its decision to cap tenant deposits at six weeks. Lord Kennedy of Southwark and Lord Bourne of Aberystwyth have tabled an amendment to the Tenant Fees Bill that would see deposits capped […]
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