Happy Birthday BTL
Buy to let mortgages were officially introduced 21 years ago this quarter and research from buy to let specialist, Sequre Property Investment, has found that landlords who invested £100,000 into UK property 21 years ago, could now have a portfolio worth £1,230,644 – more than 11 times the value originally invested. After buy to let […]
Majority of HMO landlords unfamiliar with imminent legislation
A majority (85%) of all landlords are unfamiliar with new laws that could force them to carry out expensive restructuring work on their properties or risk facing punitive fines. The research by Simple Landlords Insurance, found that 40% of HMO landlords were either unaware or did not know the detail of the changes which will […]
Shelter At Odds With Labour Rent Controls Plan
Shelter has spoken out against Labour plans to impose rent controls on landlords if they were to come to power in the next general election. The housing charity said that Jeremy Corbyn’s plans to slap rent controls on landlords could ‘end up harming’ those he intends to help. Shelter also referred to the Grenfell Tower […]
Corbyn commits Labour to introducing rent controls
Jeremy Corbyn has used his leader’s speech at the end of this week’s Labour conference in Brighton to commit the party to introduce rent controls when it next forms a government. “We will control rents – when the younger generation’s housing costs are three times more than those of their grandparents, that is not sustainable. […]
‘Bleak picture’ for tenants as rents continue to rise
A growing number of landlords are passing extra costs onto tenants by increasing rents, while others are simply opting to exit the market due to the government’s recent tax changes, new figures show. More than a third – 35% – of letting agents saw rents increase for tenants in August, according to the latest PRS […]
Are average earners at risk of a rental market freeze out?
Average earners in the UK risk being priced out of the rental housing market due to “unrealistic income expectations” harboured by landlords, research has suggested. A report by tenant referencing and insurance agency Landlord Secure found that while the average annual salary in the UK is around £27,600, nearly one in five landlords (19%), would […]
Majority of renters ‘left in dark’ on basic fire safety measures
New research has shown three months after the Grenfell Tower disaster that the majority of tenants still feel left in the dark when it comes to fire safety. The study of more than 1,000 tenants in August 2017, commissioned by the British Woodworking Federation and released to mark Fire Door Safety Week, showed 55% of […]
House prices soar in studentville
University towns and cities have seen property price inflation outpace the rest of the UK University towns across the UK saw house prices rocket by an average £38,666 in the time in takes to complete a degree, according to Halifax. The lender said this represents a 22.5% property price rise over three years, which is […]
Couple scammed out of £1,200 by fake landlord on Facebook
They stole pictures and details of the property from a listing on RightMove. A Plymouth couple who were scammed out of £1,200 by a fake landlord are warning others from falling for the same trick. Jenny Foster-Mitchell, 35, and Cheryl Foster-Mitchell, 28, said they were desperate to move out of their home in Eggbuckland earlier […]
Owner of house where 35 men are living threatens to sue Brent council
Sunil Hathi says he is aggrieved that the council called him a rogue landlord and that he originally rented the house to three people. The owner of a three-bedroom house in north-west London where 35 men are living in rooms full of mattresses has insisted he had no idea of the conditions at the property […]