Universal Credit overhaul will affect rent payments from April

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Landlords are being warned that there are big alterations to Universal Credit coming which will transform how rent payments are managed across the UK.

Propertymark says that from April, the Fair Repayment Rate will drop from 25% to 15%.

View Full Article: Universal Credit overhaul will affect rent payments from April

Scottish Greens push to end winter evictions of tenants

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A Scottish Green MSP has tabled an amendment to the Housing (Scotland) Bill which would prevent tenants from being evicted in winter months – forever.

Maggie Chapman says her proposal will eliminate the threat of evictions during the chilliest months

View Full Article: Scottish Greens push to end winter evictions of tenants

Property Investors Awards – New Property Investor of the Year

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With a property business inspired by her last name, Olivia Hornby is certainly on track for success.

Winning New Property Investor of the Year at the Property Investors Awards was an unexpected surprise, but it has given her a huge confidence boost and opened doors to exciting new opportunities in the industry with her OOO property business.

View Full Article: Property Investors Awards – New Property Investor of the Year

Civil courts and property tribunals need more investment to handle Renters’ Rights Bill

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A firm warns without investment in the civil courts and property tribunals, landlords could be left in limbo in trying to regain possession of their properties.

Proptech firm Reapit says, despite the government’s funding boost for criminal courts

View Full Article: Civil courts and property tribunals need more investment to handle Renters’ Rights Bill

Nightmare Tenants, Compliance Issues, and Coal Mines: We Still Sold This Portfolio for £700K

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We’ve said it before, and no doubt you’re experiencing it now: it’s a tough market for landlords. With increasing compliance costs, unreliable tenants, and a rapidly changing property landscape, you’d be forgiven for thinking that it’s time to throw in the towel and cash out before prices drop further.

View Full Article: Nightmare Tenants, Compliance Issues, and Coal Mines: We Still Sold This Portfolio for £700K

Tenants praise landlords but call for better communication – survey

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A tenant survey is overturning gloomy clichés about landlords to reveal a largely upbeat relationship with 55% of renters commending their landlords for delivering decent homes.

The survey by Leaders Romans Group (LRG) shows that just 12% of tenants have an unfavourable opinion about their landlord.

View Full Article: Tenants praise landlords but call for better communication – survey

Tenant’s Disrepair Claims After 11 Years – A Landlord’s Nightmare?

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I have been renting a flat to a tenant who has occupied my property for 11 years. Over this period, I have only increased the rent twice, and each time I have done so, the tenant has responded with a series of disrepair complaints.

View Full Article: Tenant’s Disrepair Claims After 11 Years – A Landlord’s Nightmare?

NRLA welcomes MP’s admission that housing supply affects rents

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In answer to a written question, Labour’s Treasury Minister Emma Reynolds has highlighted the pressures driving up rents – a lack of housing.

Addressing a query from Bell Ribeiro-Addy who asked if the Chancellor of the Exchequer had assessed the potential impact on economic growth of rising rents.

View Full Article: NRLA welcomes MP’s admission that housing supply affects rents

Letting agents sell ahead of the Renters’ Rights Bill

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There has been an increase in smaller letting agencies looking to offload their businesses ahead of the upcoming Renters’ Rights Bill, one firm says.

According to Spicerhaart, a leading national estate agency group, it says it has seen a flood of enquiries from smaller firms eager to sell amidst growing uncertainty.

View Full Article: Letting agents sell ahead of the Renters’ Rights Bill

TML and Fleet reduce their buy to let rates

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The Mortgage Lender (TML) and Fleet Mortgages have unveiled fresh buy to let offerings for landlords, including first-time landlord investor deals.

TML has rolled out improved buy to let products with an 80% loan-to-value (LTV) option

View Full Article: TML and Fleet reduce their buy to let rates