Understanding Section 8 Notices by The Big Issue
The prospect of eviction can be one of the most stressful experiences for tenants, exacerbated when the legal process is unclear. A common route landlords may take is issuing a Section 8 eviction notice, a formal legal step to reclaim their property says The Big Issue. A Section 8 notice is typically served when a […]
Rental Properties Flood Sales Market as Landlords Sell Up
The proportion of former rental properties moving into the sales market has hit a record high, as more landlords appear to be selling off their portfolios. This shift may be linked to the anticipated rise in Capital Gains Tax, which could be announced in the upcoming Autumn Statement on October 30. According to data from […]
Landlords Increasingly Turn to Limited Company Structures, Says Paragon
Landlords have been steadily incorporating a larger portion of their property portfolios into limited company structures over the past four years, according to research by Paragon Bank. The shift is particularly pronounced among more experienced property owners with larger portfolios. In a report for the second quarter of 2020, just under half (48%) of the […]
Local Authorities Step in to Buy Tenanted Homes Amid Landlord Exodus
Amid growing uncertainty in the UK’s rental market, local councils are taking decisive action to prevent homelessness and boost social housing according to website Property118. With more private landlords choosing to sell off their properties due to rising costs and regulatory changes, authorities are stepping up with initiatives to purchase homes, ensuring tenants can remain […]
Damp and Mould in Rentals Often Caused by Tenants, Say Letting Agents
Letting agents attribute rising damp and mould issues in rental properties primarily to tenants’ actions, according to a recent survey. A survey conducted by the Property Ombudsman reveals that many letting agents believe tenant behaviours, such as drying clothes on radiators and failing to use extractor fans while cooking, are significant contributors to condensation, which […]
Quick Guide to the Renters’ Rights Bill
The Government’s Renters’ Rights Bill, published last week, proposes sweeping reforms to the private rented sector (PRS), aiming to significantly reshape the relationship between landlords, tenants, and letting agents. Central to the bill is the much-publicized ban on Section 21 “no-fault” evictions, but the legislation also introduces a raft of other measures poised to impact […]
Landlords Rush to Sell as Capital Gains Tax Hike Looms
As the Autumn Budget announcement on 30th October draws near, growing speculation about a potential increase in Capital Gains Tax (CGT) is creating a stir among property landlords. With a record number of former rental homes now listed for sale, many are scrambling to offload properties before any tax changes take effect. The trend is […]
Landlords Overwhelmed by Tenant Demand as Rental Market Tightens
The UK rental market continues to experience unprecedented demand, with landlords facing a surge of prospective tenants vying for each available property. Tenant demand remains high across much of the country, while the supply of rental homes continues to fall short, despite a nearly 20% increase in the number of homes available to let compared […]
Will Promised Reforms Halt the Meltdown in the Scottish Rental Market?
Scotland’s First Minister has signalled a potential shift in the government’s stance on rent controls, raising hopes among landlord groups wary of the forthcoming Housing Bill. In a recent address to the Scottish Parliament, John Swinney pledged revisions to the proposed legislation, aiming to balance tenant protections with measures to encourage private rental sector (PRS) […]
Second Homes Tax Hike Sees Big Surge in Properties Listed for Sale
The number of second homes for sale in Pembrokeshire has tripled since the local council introduced a 200% council tax premium, new figures reveal. In July, 135 second homes were on the market, a sharp rise from 38 the previous year. Estate agents say the surge in listings marks the highest rate of sales this […]