Renters Reform Bill Faces Implementation Hurdles, Warn MPs
The efficacy of the proposed measures within the Renters Reform Bill has been called into question by Members of Parliament affiliated with the All-Party Parliamentary Group for the Private Rented Sector. Their cautionary note highlights the potential failure of these measures in the absence of adequate resources to ensure their enforcement. The ambitious agenda outlined […]
Record £85.6 Billion Rent Payment Forecasted in Great Britain
Residential estate agent Hamptons has revealed a staggering projection for renters across Great Britain, estimating a record-breaking rent payment of £85.6 billion for the year. This figure marks a substantial leap from the previous year’s £77.6 billion, showcasing an £8 billion surge, the largest annual increase recorded to date. The notable upsurge is attributed to […]
Scotland’s Green Plans Spark Concerns of Landlord Exodus & Tenant Costs
Scotland’s bold initiative to transition away from gas boilers to eco-friendly heating systems has stirred controversy and raised fears of potential repercussions within the private rented sector, as critics warn of an exodus of landlords or increased costs shifted onto tenants. The Scottish government’s ongoing consultation on the Heat in Buildings Strategy outlines an ambitious […]
Landlords’ Plans Reshaping Rental Market Dynamics
Recent survey data released by The DPS has unveiled a marked divergence in the intentions of landlords based on the scale of their property portfolios, reshaping the landscape of the rental market. The study highlights that a significantly higher proportion of landlords owning two or fewer properties are planning to exit the rental market compared […]
Average rents climb nearly 10% in 2023, signalling potential slowdown
The rental market in the UK has seen a significant surge in average rents, nearly touching a 10% increase over the past year. However, indications suggest that landlords may have reached the threshold of what they can charge tenants, marking a potential turning point in this upward trend. Recent data released by Zoopla reveals that […]
HMRC Targets Landlords for Potential Tax Under Declaration
In a recent move by Her Majesty’s Revenue and Customs (HMRC) to ensure accurate tax reporting, landlords who transferred their rental properties to a company in the 2017/18 financial year have become the focus of attention, according to insights from a leading tax consultancy, Blick Rothenberg. Heather Powell, a partner and Head of Property and […]
Selective Licensing Scheme Blamed for Soaring Rents
Amidst the debate surrounding the impact of selective licensing schemes on tenants and rent prices, one Nottingham landlord is making bold claims, attributing massive rent increases in the city to the selective licensing scheme introduced in 2018. The landlord, Mick Roberts, highlights new figures from the Office for National Statistics (ONS) that reveal a staggering […]
Shelter Bashing Landlords Again: Why?
Shelter’s recent launch of an anti-landlord campaign has sparked intense debate and criticism from landlords, escalating tensions within the private rented sector. The campaign, spearheaded by Shelter’s chief, Polly Neate, has drawn sharp rebuke from landlord associations, igniting a clash of perspectives on the proposed Renters Reform Bill. In a social media confrontation, NRLA (National […]
Data Protection Regulator Issues Urgent Advice for Landlords
The UK’s Information Commissioner’s Office (ICO) has sounded a clarion call to landlords, urging them to revamp their data protection practices to shield residents from potential harm. The move comes in the wake of a flurry of complaints highlighting instances where tenants were left vulnerable due to lax data protection measures. Citing a surge in […]
Landlord’s Section 21 Claim Rejected Over Boiler Paperwork
In a recent legal battle at Hastings County Court, Mrs. Van-Herpen, a landlord, faced a setback in her pursuit of a Section 21 possession claim against tenants Green & Green. The court not only dismissed her claim but also mandated compensation for the tenants’ legal costs. The crux of the issue? Failure to provide crucial […]