Landlords braced for more interest rate rises in New Year
The Bank of England has raised interest rates for the first time in more than three years, in response to calls to tackle surging price rises. The increase to 0.25 per cent from 0.1 per cent followed data this week that showed prices climbing at the fastest pace for 10 years. It came despite fears […]
Council strategy emphasises punishment for rogue landlords
Rogue landlords in one area of London could face unlimited fines, criminal convictions and bans from letting out properties. The measures are set out in Hackney council’s new rental strategy agreed this week. A statement from the authority this week says it “will always work with landlords to resolve issues in the first instance, the […]
Can Landlords Cope with the Regulatory Burden?
Agencies can leverage technology and economies of scale to ensure compliance across their entire portfolio, while landlords who choose to self-manage face an uphill battle to accomplish the same task with fewer resources. This was one of the takeaways of a recent state-of-the–industry report published by automated rental payment platform PayProp, based on a roundtable […]
Landlord’s guide to right to rent checks
Information on how landlords, letting agents and homeowners can comply with the right to rent scheme and how to carry out right to rent checks. We are aware this publication may have accessibility issues. We are reviewing it so that we can fix these. Read more about our accessible documents policy. Click on this link […]
Interest rates increased to 0.25%: How will it impact your mortgage?
Interest rates have been increased by 0.15% to 0.25% meaning borrowers on variable mortgages may soon see the cost of their repayments rise. The Bank of England (BoE) announced this morning it was increasing its Base Rate from the low of 0.1% which it set at the beginning of the pandemic to help with the […]
Landlords look to expand portfolios in 2022
A third of landlords are looking to expand their portfolios in the next year, as rising house prices and improved rental yields lead to higher levels of confidence in the market. Research by Shawbrook Bank found that 34 per cent of landlords said they were planning to buy at least one property within the next […]
Another strong market in 2022 says latest forecast
Demand will continue to outpace supply well into next year. That’s the view of the Reallymoving House Price Forecast, based on an analysis of over 18,000 conveyancing quote forms. The service expects annual house price growth of 2.3 per cent in January as another strong year begins. Click on this link to read the rest […]
Landlords to pay £10,000 for green homes ‘misguided’: NRLA
Government proposals to force landlords to pay up to £10,000 to improve the energy efficiency of rental properties are “misguided”, says the National Residential Landlords Association. All new tenancies in the private rented sector should be in houses with an energy performance certificate rating of C or better by 2025, according to a consultation paper […]
More landlords falling foul of Covid deadlines on possessions
A law practice claims to have seen increasing numbers of landlords falling foul of revised possession deadlines. Newport-based Bellavia & Associates says the law in relation to the possession of residential property is not straightforward in ordinary times, and it has become a veritable minefield since the Covid-19 pandemic began. Click on this link to […]
Dream homes of 2021: Rightmove’s top ten most-viewed properties
The wish list includes mansions, coastal escapes and the most remote house in England. Click on this link to read the rest of this article.