It was not too long ago that buy to let lenders were queuing up to offer landlords great mortgage deals. Now, though, the buy to let mortgage market is undergoing a radical change in response to government tax cuts and Bank of England’s regulatory changes for buy to let mortgages.
Credit card provider, MBNA, claims their research shows that landlords are to blame for a drop in the number of young people undertaking DIY projects in their homes. MBNA says Generation Rent can’t afford to spend money on DIY because they are too busy trying to scrape together enough money to pay the rent.
The introduction of a 3% surcharge for landlords and investors who own a second property has caused uproar in the private rental sector. Landlords and landlord groups have all been quick to condemn the move. They say that the move will have unintended consequences.
A Liverpool landlord has been fined £40k plus costs at Liverpool Crown Court following a catastrophic fire at his rental property in the city, after he admitted failing to install a working fire alarm. The fire broke out in the early hours of the morning in January last year. Those tenants who were awake at […]
A recent episode of Channel 5’s Nightmare Tenants, Slum Landlords featured a West London home owner who decided to let out her property so she could travel to Africa to do charity work.
House prices have risen by 1.3% in the last few months, in response to a surge in activity as landlords rushed to buy properties ahead of the rise in stamp duty. This sudden flurry of activity has sparked a chain reaction says leading property website Rightmove, with landlords buying cheaper homes at the bottom of […]
The Residential Landlords Association (RLA) has revealed that the government is planning to update its Right To Rent guidance to landlords, following the nationwide rollout of the controversial scheme. Most landlord agencies are unaware of any proposed changes, but the RLA has been given advice from the government to say amendments are very likely.
A survey by the Residential Landlords Association (RLA) has revealed that 84% of private sector landlords plan to raise their rents in the wake of the Chancellor’s recent changes to the way landlords pay tax.
Landlords now have a greater choice about where they place a tenant’s deposit. Previously, the only custodial deposit scheme was the Deposit Protection Service, as TDS and My Deposits only offered an insurance backed scheme.
A landmark case in the Midlands has led to a court issuing a Criminal Behaviour Order on a landlord, with a provision included to ensure he has to instruct a managing agent to run his portfolio of rental properties. The order will last for ten years.
Despite dire warnings was from various landlord bodies and property experts, new changes made to stamp duty rules have apparently failed to put a dent in the buy to let market.
Scottish Land & Estates has issued a warning about effects the passing of the Private Housing (Tenancies) (Scotland) Bill will have on landlords. They are deeply concerned that the right balance between the needs of landlords and tenants has not been struck.
From yesterday, homeowners with a spare room can now earn up to £7,500 tax-free by letting it out to tenants. The threshold was increased last July and since then, figures released by SpareRoom.co.uk have revealed that the number of people letting out a room in their home (a whopping 233,697) has risen by 5.2%.
As of April 1st, tenants now have the right to ask their landlord to make their property more energy efficient. Landlords will not be able to refuse, but tenants must find a way of funding the cost of the energy efficiency improvement at no extra cost to the landlord.
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