Number of buy-to-let firms at record high
Seven years after George Osborne unveiled his game-changing buy-to-let (BTL) tax reforms, evidence shows that they continue to have a huge impact on the lettings sector – with a record 47,000 property company incorporations last year. The former Chancellor set out to promote a more professionally run rental sector and Companies House data analysed by […]
16 places where UK house prices are surging as hotspots revealed – see full list
New data from Rightmove shows the areas in the UK where house prices have surged the most over the last 10 years between the Diamond and Platinum Jubilees. Ahead of the Queen ’s Platinum Jubilee celebrations, new data reveals the areas that have seen the highest price growth over the last 10 years. Margate in Kent tops […]
Renting Homes (Wales) Act postponed
The Welsh Government has announced a postponement to the implementation of the Act until 1 December 2022, which was originally set to come into force on 15 July 2022. The Act received Royal Assent in 2016, however, the implementation was only announced in January 2022 and gave the industry and stakeholders six months to prepare […]
Evictions – What Next? Industry must rethink process, say leaders
Two of the most respected figures in the lettings sector are calling on agents, landlords and tenants to consider the future of the eviction process. Paul Shamplina – star of Channel 5’s Evicted! Nightmare Tenants, founder of Landlord Action and chief commercial officer at Hamilton Fraser – has joined leading PropTech expert Neil Cobbold in […]
Large-portfolio landlords most likely to raise rents
Landlords with larger portfolios are more likely to increase rent than small-scale landlords. A poll by The Landlord Works shows that 75 per cent of those who own more than 10 properties aim to increase their rents over the next 12 months. This compares to just 44 per cent of landlords owning between one and […]
Most landlords feel a responsibility to tenants as cost of living soars
No fewer than 74 per cent of landlords say they feel a responsibility to support their tenants during times of financial hardship. And 44 per cent have financially supported their tenants during the last 12 months, such as reducing or pausing rent. The research by The Landlord Works shows that landlords could stomach reducing their rents by […]
Rise of the rented bungalow: one in 10 rented homes could be a bungalow in the next 10 years
Nearly one in 10 rented homes in the UK could be a bungalow in the next 10 years, research from Paragon bank has revealed. A survey of over 1,300 tenants in the private rented sector (PRS) showed that currently 3% of people live in a bungalow, but 9% of respondents expect to rent this type […]
Average UK property price reaches more than £250,200 for first time: Zoopla
The average UK property price has reached £250,200 for the first time as housing market demand continues, according to Zoopla’s latest house price index (HPI). While prices continue to rise, the latest HPI found that signs of a slowdown are emerging as homeowners face increasing pressure on their finances due to the surge in cost […]
A Landlord’s Guide to Deposits and Tenancy Protection
A tenancy deposit, sometimes called a security deposit, is a landlord’s insurance against damage, loss of rent or cleaning bills. Landlords must, by law, place their tenants’ deposit in a tenancy deposit protection (TDP) scheme within 30 days of receiving it if the property is rented out on an assured shorthold tenancy. The deposit is then […]
Landlords, BTL investors and renters face new reality
Landlords who locked into a mortgage during the height of the COVID pandemic will reportedly be hit with the highest buy-to-let interest rates since 2015. According to a report in The Daily Telegraph, landlords face paying more than £1,600 extra a year, while investors who remortgage will be hit with a double whammy of having […]