Vast majority of landlords say Brexit hasn’t had a negative impact on BTL
Brexit has failed to dampen landlord’s prospects, with more than 80% saying it’s either been a good thing or hasn’t changed the state of play, according to a new survey by Intus Lettings. The research found that 56% also stuck by their vote from the 2016 referendum. And, while 32% said they would now change […]
Overseas landlords set a new five-year record during the pandemic
An increase of 19% will now see the number of overseas landlords hit a five-year high of 184,000. Despite the implications of Brexit, the COVID-19 pandemic and recent tax changes preventing such moves from happening in the first place, the UK property market has thrived. And, these factors have not been a deterrent for foreign […]
More landlords looking to buy than sell: Paragon
The proportion of landlords looking to expand their portfolios is higher than the percentage who are looking to scale back for the first time in four years, according to Paragon. The survey of 900 landlords commissioned by the lender found that 19% of landlords are looking to add to their portfolio in the next year, […]
What is Section 24?
The introduction of Section 24 in 2015 changed the amount of tax relief landlords could receive. After a phased introduction, the amendment came into full force in April 2020. So what is Section 24 and how does it work? Section 24 is an amendment to the UK tax law that applies to income on residential […]
Property market ‘off the scale’ report NAEA agents
Extraordinary figures from Propertymark reveal that 16% of homes sold last month were for more than their asking price, the highest ratio for nearly seven years within the property market. The trade organisation also says the number of sales agreed last month reached the highest level for the traditionally busy month since 2007, driven by […]
Evictions are hard to stop – even when they’re illegal
Although landlords don’t need a reason to evict you in England and Wales, they must still follow certain rules. If you don’t move out after your notice period ends, the landlord must apply for a possession order in court, then only bailiffs appointed by the court can physically remove you from your home. If the […]
Ten useful tools to aid end of tenancy deposit deductions
The TDS annual review 2020 indicates that deposit disputes have remained low over the last year, at around 1%. This is great news for the industry, demonstrating professional standards are being upheld for both landlords and tenants. Good quality inventory management is pivotal in ensuring disputes remain low, but these figures only illustrate a snapshot […]
Landlord to hand over 18 properties to experts after £30,000 fine
A landlord has been handed nearly £30,000 in fines and costs after pleading guilty to maintenance and safety failures at three properties. Landlord Naomi Knapp, of Bedminster in Bristol, agreed to pay £2,000 a month for at least the next year to meet the fines, costs and victim surcharges totalling £29,597.59, after admitting failing to […]
Survey claims over half of landlords back pets in rented property
A recent survey of landlords by business insurers, Direct Line, suggests nearly half welcome the UK Government’s new Model Tenancy Agreement which allows pets in rental properties. This may be down to a lack of knowledge about what the new agreement means. To help agents and landlords understand the changes, Propertymark outlines changes announced in […]
EICR could shock landlords
From 1 April 2021, all rented properties need to be certified as safe by way of an Electrical Installation Condition Report (EICR), prepared by a suitably “qualified and competent” person. All fixed electrical parts of the property, including the wiring, plug sockets, light fittings and the fuse box, need to be inspected and tested; this […]