Home sales to be outdone by property rentals for first time in eight decades
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For the first time in eight decades, home buying will be outstripped by the property rental market next year. This is as a result of home buyers continuing to struggle to find affordable properties. Since the EU referendum in June, activity in the sales market has slowed. A lack of property for sale partnered with… Read more
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Call of the Week: Is this a Capital or Revenue Cost?
Today’s call of the week is answered by Michael Wright, from RLA partner organisation, the tax advisory service RITA4Rent. Question: We purchased a buy-to-let property at a very good price, however, at a consequence of it being in poor condition. One major expense was that the whole property had to be rewired as the electrics, […]
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Minimum room sizes for shared homes
New minimum room sizes for HMOs have been announced by Housing Minister Gavin Barwell. The new rules have been brought in in a bid to tackle overcrowding and the criminal landlords who pack tenants into tiny spaces. The proposals will close a loophole which lets some landlords let out rooms far too small for an […]
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Rental trends under the spotlight
A conference & training day on information and trends in the PRS will be held in London this December. Entitled ‘Are you up to date? Information, Trends & What Matters to You’ the event, on December 7th is organised by London Landlord Accreditation Scheme (LLAS) and UK Landlord Accreditation Partnership (UKLAP). Speakers include RLA policy […]
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Buy to Let Apartment in Bradford City Centre
The last remaining unit is available to investors in a refurbished period building located in Bradford city centre. Market Place benefits from being within easy reach of many of Bradford’s amenities, including The Broadway shopping centre, Bradford’s shopping district and transport links. The apartments have been refurbished to a high standard, perfect for the young… Read more
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Rent Arrears Recovery During Possession Order Process
I’d be grateful for ideas on the pros and cons of immediately pursuing a separate and simultaneous small claims application for recovery of rent arrears whilst an accelerated property possession order (not standard) is going through the court against a tenant who (on the advice of local council staff) has failed to move out of… Read more
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Dave Feels Trapped By Section 24
Poor old Dave! He has a property rental business with 22 terraced houses in the North East. Cashflow is fine for now but he’s far from rich. He makes around £44,000 a year of profit at the moment which is split between himself and his ex-wife. On top of that he has a small private… Read more
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Landlords “worryingly” unaware of new regulations
The Association of Independent Inventory Clerks (AIIC) says that their inventory clerk members are frequently receiving queries about the slew of new letting industry regulations brought in over the last 18 months, and in particular they say, regarding carbon monoxide, smoke alarms, safety requirements for blinds and curtains and other health and safety rules. AIIC […]
… LandlordZONE.
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A million families to face rent increases due to tax changes
Over the last year significant changes have been announced by the UK Government that will impact the future of the private rented sector. To assess the effect of these changes, we have developed a longitudinal research project to assess the state of the sector over the long term through a series of quarterly surveys. Currently […]
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Decision on plan to ‘ban’ new HMOs due within days
Plans to severely restrict the number of new shared houses in two popular student areas of Cardiff will be decided this week. Cardiff Council is set to vote on the proposed Supplementary Planning Guidance (SPG) that will severely restrict new houses in multiple occupation (HMOs) in the city, particularly in Cathays and Plasnewydd. The council […]
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