The Bank of England could soon be placing restrictions on buy to let lending, according to Chancellor George Osborne. The Treasury is planning tough new rules for residential borrowers, including loan caps, but it looks as if landlords will also be facing the same restrictions next year.
Police are warning landlords to be vigilant, as the number of cannabis factories in rental homes across the UK soars. The recent prosecution of a twelve-man gang has raised the profile of the cannabis problem affecting towns and villages across England and Northern Ireland
The ‘Let Property’ campaign is just one of the many government initiatives by HMRC to try and claim back some of the estimated £500 million in unpaid tax revenue. In the past, HMRC has targeted numerous groups of people for non-compliance, but last year it focussed its attention on landlords.
The Residential Landlords Association has announced that the All Party Parliamentary Group (APPG) is launching an enquiry into the private rental sector in order to assess what impact (if any) Sarah Teather MP’s proposed Tenancies (Reform) Bill will have on landlords and tenants.
According to a new report titled: “18 Years of Buy-to-Let” private landlords now own one in five properties in the UK, which just goes to show just how much the buy to let market has grown in the last 18 years.
Two landlords in Norwich have hit the headlines after refusing to offer accommodation to a man from Sierra Leone because they feared he might have been infected with deadly Ebola.
Two Bolton landlords have been handed fines and a community service order for failing to have gas appliances in their rental property safety checked. The Heath and Safety Executive prosecuted the landlords after a couple and their four-month-old baby were rushed to hospital with carbon monoxide poisoning.
The Residential Landlords Association (RLA) is calling for the government to stop charging landlords and tenants council tax on individual bedsits in shared houses of multiple occupation. The appeal comes hot on the heels of a report published by the All Party Parliamentary Group for the Private Sector, which says local authorities are targeting young […]
With new legislation about to come into effect, the National Landlords Association (NLA) is reminding landlords to check new tenants thoroughly before offering them a tenancy. As of December 1st, landlords with properties in the West Midlands will be responsible for carrying out checks on whether a potential tenant has a ‘right to rent’.
In an attempt to reform the private rental sector in Scotland, a public consultation is now underway to help the Scottish Government decide whether (or not) a new type of tenancy agreement should be developed in the private rented sector. If the legislation goes ahead, it will be one of the most important changes affecting […]
Data published by LSL Property Services has revealed that landlords are, on average, making a 12.7 per cent return on their investments when capital gains and rental income is lumped together in the same basket. This is much better than any return landlords could have expected to make on money sitting in a savings account, […]
According to research carried out by the National Landlords Association, 28 per cent of landlords have experienced property damage in the last twelve months. This serves as a sharp reminder to UK landlords that letting property is not always a hassle-free endeavour.
Britain’s largest buy to let landlords are close to signing a deal for the sale of their huge property portfolio. Fergus and Judith Wilson own around 1,000 properties in Kent and if they achieve close to their asking price of £250 million, they could soon be enjoying a comfortable retirement.
A recent survey of landlords undertaken by the National Landlords Association (NLA) has revealed that 27 per cent of landlords who own and let a single property are barely covering their running expenses. In fact many are operating at a loss. It doesn’t get much better for landlords who have between two and
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