BTL lenders lower rates and streamline application processes

admin    Uncategorized     agents

The buy to let mortgage sector is experiencing a wave of competitive rate reductions and simplified application processes, as lenders respond to growing demand from landlords.

Several major financial institutions have announced significant updates to their offerings

View Full Article: BTL lenders lower rates and streamline application processes

Labour set to miss housing target deadline by eight years

admin    Uncategorized     agents

The Labour government is on course to miss its flagship manifesto commitment to deliver 1.5 million new homes in England by an astonishing eight years, research reveals.

The study by West One Loans looked at Labour’s 2024 General Election commitment when it campaigned on a bold pledge to build the homes within five years.

View Full Article: Labour set to miss housing target deadline by eight years

Government under fire in Lords over Renters’ Rights Bill

admin    Uncategorized     agents

A Labour peer has criticised the government for accepting only three amendments while rejecting around 300 others to the Renters’ Rights Bill.

During the report stage debate, Lord Hacking blasted the government “for not listening to the House.”

Peers clashed over a number of amendments

View Full Article: Government under fire in Lords over Renters’ Rights Bill

Propertymark pushes for Renters’ Rights Bill amendments

admin    Uncategorized     agents

Propertymark is calling on the government and Peers to revise the Renters’ Rights Bill to ensure it meets the needs of both tenants and landlords.

The organisation is highlighting several critical areas requiring adjustment to make the Bill effective and practical.

View Full Article: Propertymark pushes for Renters’ Rights Bill amendments

Renters’ Rights Bill enters report stage today

admin    Uncategorized     agents

The Renters’ Rights Bill enters report stage in the House of Lords today, with new amendments to be introduced.

The report stage will see three debates, one today, another on 7th July, and the final on 15th July.

View Full Article: Renters’ Rights Bill enters report stage today

Landlords slam how the media portrays them

admin    Uncategorized     agents

There’s widespread discontent among landlords over media depictions of them and the PRS – it’s now fallen to just 9% of those who say it is ‘fair and accurate’, research reveals.

According to a survey from Landbay

View Full Article: Landlords slam how the media portrays them

Less than half of tenants have contents insurance

admin    Uncategorized     agents

Only 46% of the UK’s private tenants currently hold contents insurance, down from 51% in 2023 in the face of rising rents and the ongoing cost-of-living crisis, a survey reveals.

Insurance tech provider Paymentshield says the results suggest the rental insurance gap is widening.

View Full Article: Less than half of tenants have contents insurance

Landlords in their 50’s cash in: “Selling now is the equivalent of 20 years of rent”

admin    Uncategorized     agents

Let’s cut to the chase. You’ve been in property for the last decade, perhaps even longer. You’ve seen the news, we all have, and things just don’t look great for landlords. Last year, I took a good, hard look at my portfolio after finally making the decision it was time to downsize.

View Full Article: Landlords in their 50’s cash in: “Selling now is the equivalent of 20 years of rent”

Sadiq Khan urged to cut taxes for landlords amid housing crisis

admin    Uncategorized     agents

An industry body is urging London Mayor Sadiq Khan to take action to ease the tax burden on landlords.

In its response to Mr Khan’s consultation on the New London Plan, Propertymark accuses the Mayor of overlooking the role the private rented sector could play in addressing the capital’s housing crisis.

View Full Article: Sadiq Khan urged to cut taxes for landlords amid housing crisis

Is HMO licensing causing challenges for student landlords?

admin    Uncategorized     agents

Hi, it would appear that gaining an HMO licence is bringing a number of unintended consequences, making being a landlord more difficult than usual.

In Sheffield, the waiting time to renew is meant to be 13 weeks. I am now in my fourth month and have not received any replies to my emails asking where we are in the process

View Full Article: Is HMO licensing causing challenges for student landlords?