Buy To Let Bubble May Have Burst At Last, Say Lenders
The bubble seems to have finally burst for buy to let as banks and building societies blame tax changes for a huge slump in landlord lending. Trade body the Council of Mortgage Lenders says lending was down a fifth to £21.4 billion in March compared to a year earlier ahead of property business tax changes […]
Call for new housing court for landlords and tenants
Court is one of six policy suggestions pitched in Residential Landlords Association (RLA) election manifesto. The country’s largest landlord body is calling on the next government to set up a new housing court to speed up justice for landlords and tenants alike. A housing court is one of six policy suggestions the RLA pitches in […]
Sharp rise in landlords quitting the PRS
There has been a significant increase in the number of landlords exiting the buy-to-let sector due to higher stamp duty costs and the phasing out of mortgage tax relief, a new study shows. Estate agents reported an average of four landlords selling properties per branch last month, up from three in February, according to the […]
Landlords Warned About Energy Efficiency In Rental Property
Residential landlords have been warned about the new energy efficiency laws for rental properties due to be introduced next year. Lee Baron, a leading specialist in property management, is advising residential landlords to check the energy efficiency of their property portfolios and take simple measures to boost the efficiency of any poorly performing property, before […]
Do student properties make a good investment?
A record 535,200 people took up higher education places through Ucas in 2016, which means the need for good student accommodation is more pressing than ever. Is this a business opportunity for landlords? Landlords should forget what they were prepared to put up with as undergraduates 10 or 20 years ago. Ensuites, Wi-Fi and flat-screen […]
Women Make Up 40 Per Cent Of UK Landlords
The number of female buy to let investors is on the rise, with two in five UK landlords now women, according to new research by Simple Landlords. 40 per cent of UK landlords are now female, with the majority of those using rental property as a means of supplementing their monthly income from other sources. […]
Quick-win opportunities for landlords and their tenants
Whether you are new to the industry and are looking for your first property, or an experienced landlord with an extensive portfolio, there are things that you can do to increase the amount of money you have left in your pocket at the end of each month. Here are a few ideas to get you […]
HMO renting could be solution to ‘tenant tax’
79% of tenants could not afford the average rent rise needed for most landlords to remain profitable as a result of upcoming changes to the way mortgage interest payments are taxed, Platinum Property Partners has found. However, thanks to lower rents and living with multiple tenants, renters in HMOs would only face a potential average […]
Dozens of landlords fined after new immigration checks
Dozens of landlords have been fined under a crackdown on illegal immigration. Financial penalties totalling £37,000 were handed out in the first eight months after the Right to Rent scheme was rolled out across England, figures obtained by the Press Association reveal. The fines were issued to 62 landlords between the start of February and […]
Four Ways Landlords Can Deal With Buy To Let Tax Changes
Landlords looking for a way out of the government’s shake-up of buy to let tax have some financial options that do not involve expensive tax advice. Although some advisers are promoting partnerships and incorporating property businesses as ways to avoid the new mortgage interest tax relief restrictions, managing finance interest is a more straightforward option. […]