Portfolio landlords defy rising interest rates to expand

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Despite inflationary pressures and rising interest rates, the UK’s portfolio landlords – those with five or more rental properties – are not deterred from growing their property holdings, research reveals.

Shawbrook Bank surveyed more than 1,000 residential landlords and found that 88% of portfolio landlords had grown their portfolios in the past six months.

View Full Article: Portfolio landlords defy rising interest rates to expand

Rayner vows to ban S21 ‘no-fault’ evictions on day one of a Labour government

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Angela Rayner says that if Labour wins the next General Election, she will ban Section 21 ‘no-fault’ evictions on the first day of taking office, without any conditions or delays.

Labour’s deputy leader and shadow secretary of state for levelling up

View Full Article: Rayner vows to ban S21 ‘no-fault’ evictions on day one of a Labour government

Can I evict a tenant if they are not on the tenancy agreement?

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Hi everyone, I really need some help and would appreciate any kind of advice or suggestions. So, I have tenants; a husband, wife and their 2 children (1 of which is now 18) who have been living at my property since 2013.

View Full Article: Can I evict a tenant if they are not on the tenancy agreement?

Landbay break the sub 5% BTL barrier!

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Landbay, the BTL powerhouse taking on the bigger lenders in the fold have released a 4.75% mortgage rate!

This is undercutting a huge amount of other products currently available and will see them edge forward into mainstream even more.

View Full Article: Landbay break the sub 5% BTL barrier!

Former housing minister sacked over Tweet

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Rachel Maclean, the former housing minister, was sacked over a Tweet that laid bare groundbreaking leasehold reforms set to be unveiled in the King’s Speech.

According to Robert Peston, ITV’s political editor, Ms Maclean was axed over leaking the government’s plans for leasehold reforms on X (formerly Twitter) before the King’s Speech on the 7th of November.

View Full Article: Former housing minister sacked over Tweet

New Property Investing Opportunities for 2024

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This week Ranjan takes a deep dive into new property investing opportunities coming in 2024. In particular, new permitted development rights coming into force in early 2024.

Watch this video below so you are ready to benefit from first mover advantage!

View Full Article: New Property Investing Opportunities for 2024

Industry expert urges Chancellor to help landlords and tenants in Autumn Statement

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The Chancellor will unveil his Autumn statement next week and one industry expert is urging for “swift and specific” measures to help landlords and tenants.

Neil Cobbold, the managing director of PayProp UK, is calling on Jeremy Hunt to reduce taxes for landlords and to unfreeze the local housing allowance.

View Full Article: Industry expert urges Chancellor to help landlords and tenants in Autumn Statement

British Gas urges government action on EPC upgrades for landlords

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British Gas is calling on the government to provide more green grants to landlords.

The energy supplier says one of the main barriers for landlords upgrading their properties comes from a lack of knowledge about EPC standards and the availability of grants.

View Full Article: British Gas urges government action on EPC upgrades for landlords

Right to rent guide update

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The Home Office has issued an update to the Right to Rent guide for landlords and letting agents.

The sixth version of the guide comes into force alongside the Immigration Act 2014 (Residential Accommodation) (Maximum Penalty) Order 2023 and the Immigration (Restrictions on Employment and Residential Accommodation) (Codes of Practice) (Amendment) Order 2023.

View Full Article: Right to rent guide update

Government shifts away from blanket bans on benefit recipients and families

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The government has tabled amendments to make it illegal for landlords and letting agents to have blanket bans on renting to people who receive benefits or who have children.

Other amendments include introducing a Decent Homes Standard to the private rented sector.

View Full Article: Government shifts away from blanket bans on benefit recipients and families