More portfolio landlords using limited company status to purchase properties
Nearly two out of three landlords with more than four properties planning to add to their portfolio this year will buy using limited company status. According to new research from Precise Mortgages, 64% of landlords with more than four properties will buy using limited company status compared with 21% who intend to buy as individuals. […]
Right to Rent branded a ‘farce’ after second High Court ruling
Landlords have branded the Right to Rent scheme a “farce” after a second court ruling which suggests that agents and landlords following Home Office protocol could be exposed to accusations that they have breached human rights. Under the UK Government policy, landlords are responsible for checking the immigration status of their tenants with the prospect […]
‘Postcode lottery’ for landlord licences is revealed
The most expensive landlord licencing schemes cost 21 times more than the cheapest ones, new research has revealed. Analysis of licensing charges between local authorities by Direct Line for Business has revealed landlords face a ‘postcode lottery’ on prices. The cost of a new licence ranges from just £55 to £1,150. Although landlord licensing schemes […]
Buy to let landlords opting for holiday lets ‘could be Brexit silver lining’
The UK’s holiday lets sector could be a beneficiary of the current Brexit uncertainty and people not vacationing abroad because they feel poorer, a lender claims. “Possible Brexit scenarios could mean many people have less money to travel abroad and choose to holiday closer to home. At the same time, if it becomes more laborious […]
The tenant fees cap may cost pet owners more
More people want to live in rented homes with their pets, but, says JLL’s residential estate agency business, it will inevitably bring extra costs. JLL has seen a 25% increase in tenants letting with pets in the last five years and, they say, these tenants are likely to see rents increase once the Tenant Fees […]
Ker-ching! Councils cash in as revenue soars from licensing schemes
The implementation and costs of landlord licensing schemes in Britain are a lottery. That’s the conclusion of a new analysis of licensing charges between local authorities conducted by Direct Line for Business. It shows a large variance with the cost of a new licence ranging from just £55 to £1,150. In Liverpool the cost of […]
RLA campaign to protect landlord rights
The announcement follows a recent court case in which a landlord’s attempt to regain their property was deemed invalid. Residential Landlords Association (RLA) has announced it is campaigning to protect the rights of landlords to repossess their properties. The announcement follows a recent court case in which a landlord’s attempt to regain their property was […]
The Rights and Wrongs of Rented Property Security
The question of who has the right to change the locks on a rented property is a tricky one. On the one hand, the landlord owns the property, and so common sense would suggest that only they have the right to make substantive changes, such as changing the locks. But the tenant lives there, and […]
Tenant fee ban and how this will impact landlords
On 1 June 2019 the Tenant Fee Act (2019) will come into force. While some landlords seem oblivious to the repercussions of the act, it will have a major impact upon the way in which landlords find and manage their tenants. The idea is to make the industry as transparent as possible and limit the […]
Top pet-friendly renting tips for landlords and tenants
Pet-friendly rentals are growing in popularity, as reflected by Zoopla’s latest analysed search data from its keyword property search tool, which revealed the nation’s most sought-after features of a rental home. The research found that the search term ‘pets’ ranked as the third most popular across Great Britain on the firm’s multiple property-related websites. The […]