Why mould is the biggest headache for tenants and how to deal with it
As the long winter months get underway and we batten down the hatches, many home owners, landlords and tenants will begin to find themselves affected by a range of problems that the cold weather can inflict on a property. One of the most common is mould. It might not sound like a particularly serious issue, […]
Fees ban: here’s a calculation of how much it might cost landlords
City investment consultancy Jefferies has calculated the impact on landlords if the country’s second largest agency group – LSL Property Services – distributed fees currently levied on tenants on to landlords instead. Yesterday LS, which includes high street brands Your Move and Reeds Rains, reported to shareholders that its underlying operating profit for 2016 would […]
Landlords To Raise Rents Following Autumn Statement
40 per cent of landlords have confirmed plans to raise rents should they be left to pick up the cost of tenant fees following the recent Autumn Statement. Chancellor Phillip Hammond announced plans to ban letting agents from charging tenant fees, leaving it up to landlords to find the best deals and offset the costs. […]
Are more landlords about to ditch letting agents and go it alone?
A significant number of buy-to-let landlords do not use letting agents to find or manage properties, and it has been suggested that many more should consider ditching ‘rip-off agents’. Buy-to-let landlords have once again come under the media spotlight following the announcement last week that there will be a ban on letting agents charging fees […]
1 in 5 tenants in Britain have a ‘Nightmare Landlord’
According to new research from Help-Link.co.uk, 1 in 5 tenants in Britain describe their current renting conditions as a ‘nightmare’. In a new nationwide study exploring the renting market within the UK and highlighting the main issues current landlords and tenants face, Paul Shamplina, founder of Landlord Action and star of channel 5’s Nightmare Tenants […]
It’s easy for landlords to avoid becoming villains in the tenants fee ban
By Simon Lambert of thisismoney.co.uk Landlords are always ripe for a kicking in some circles, so it should come as no surprise that they were swiftly painted as potential future villains in the ban on tenant fees. The theory on the news that Chancellor Philip Hammond would ban tenant fees in his Autumn Statement was […]
Confirmed – government WILL ban letting agents’ fees on tenants
The government will today announce that it is banning letting agents’ fees levied on tenants – meaning the fees will instead fall on landlords who will recoup them in higher rent anyway. The measure will come as part of the Autumn Statement announcement; it will apply to some 4.3m private rental sector tenants in England, […]
Landlords’ hopes and fears revealed in new survey
A new report has lifted the lid on the real hopes and fears of UK landlords when it comes to property and shows that nearly half are more afraid of mortgage relief changes than the effects of Brexit. Lettings and property management business, Martin & Co, polled 2,500 landlords as part of its Big Landlord […]
Investors are fed-up with government’s ‘anti-landlord’ policies and want change
It is not the best time to be a buy-to-let landlord at the moment, with a raft of changes introduced by the government prompting concern that buy-to-let landlords with low profit margins could end up making a loss as a result of various tax changes, which will push some out of the market altogether. The […]
Bank of England gets new powers to curb buy-to-let lending
The Bank of England will be granted new powers by the government to regulate mortgages used by small buy-to-let landlords to purchase rental property, the chancellor Philip Hammond has announced. The Bank of England will, from early next year, be able to limit loan-to-value ratios on buy-to-let mortgages, as well as the minimum amount by […]