The random rolling out of HMO definitions?

admin    Uncategorized     agents

The Department of Levelling Up has provided the opportunity for local authorities to roll out their own legislation under the umbrella of their more penal HMO regulations covering all kinds of bizarre areas.

I have been caught out as I have 4 tenants (Parliament says 5 or more the London boroughs have reduced the number to qualify to 3) I have had to install institutional lighting and other intrusion items at a cost of £5000.

View Full Article: The random rolling out of HMO definitions?

Buy to let incorporations surge despite property market slump

admin    Uncategorized     agents

The property market saw a decline in the number of homes purchased by landlords in 2023, but this did not stop the growth of buy to let companies with a record 50,004 new limited companies being formed, research reveals.

According to Hamptons

View Full Article: Buy to let incorporations surge despite property market slump

It’s time for a Good Tenants Charter – but what should be in it?

admin    Uncategorized     agents

This week saw a cornucopia of stories that illustrate the current wrong thinking on the private rented sector – and that landlords are the fault for everything.

First up is Andy Burnham’s political nonsense, the ‘groundbreaking’ Good Landlord Charter.

View Full Article: It’s time for a Good Tenants Charter – but what should be in it?

Should I rent out a dilapidated property?

admin    Uncategorized     agents

Hello, We have a property in the family that we have taken back into possession after a very long rental term, circa 50 years. As you could imagine it is now quite dated and run down inside. All still functional just in need of modernisation all the way through.

View Full Article: Should I rent out a dilapidated property?

Rents fall slightly in December to offer tenants ‘a minor win’

admin    Uncategorized     agents

The UK’s rents for new tenancies dipped by 0.9% in December 2023, reaching £1,268 which is still 8.01% more than the same month in 2022, the HomeLet rental index reveals.

The average rent, excluding London, was £1,061, a 0.5% decline from November 2023

View Full Article: Rents fall slightly in December to offer tenants ‘a minor win’

Buy to Let Mortgages – Best of Both Worlds

admin    Uncategorized     agents

The Good News is that after the turmoil of 2023, 2024 has brought a much-needed reduction in mortgage rates, from most lenders.

Starting with Kensington and Halifax, on the first working day of the year and followed by a multiple of others

View Full Article: Buy to Let Mortgages – Best of Both Worlds

Selective licensing: Minimum bedroom size?

admin    Uncategorized     agents

Hi, I rent out a 1 bed flat in Southend on Sea, the council have just introduced selective licensing. I have just had a compliance visit, the result being that the housing officer has said the bedroom is too small for someone to sleep in!

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More tenants looked to move to areas with lower rents in 2023

admin    Uncategorized     agents

A new report reveals that one of the main trends in the private rented sector (PRS) last year was the shift of renters from urban to rural areas, as they sought more affordable and spacious homes.

Rightmove found that 54% of renters who searched for a new home in 2023 wanted to move out of the city they lived in

View Full Article: More tenants looked to move to areas with lower rents in 2023

UK Buy-to-Let Investors Must Know! Mortgage Interest Rate Warning

admin    Uncategorized     agents

Attention, UK property investors! If you’re diving into the world of buy-to-let investments, you can’t afford to miss this crucial update.

In today’s video, Ranjan Bhattacharya unravels a pressing concern that every savvy investor should be aware of – the looming warning about mortgage interest rates.

View Full Article: UK Buy-to-Let Investors Must Know! Mortgage Interest Rate Warning

More BTL lenders reduce mortgage rates

admin    Uncategorized     agents

More buy to let mortgage lenders are reducing their rates in a boost for landlords.

This week has already seen Paragon, Landbay, Accord and Penrith Building Society all lowering their BTL rates.

They have now been joined by:

• New and existing customers can benefit from lower fixed rates from Coventry for Intermediaries.

View Full Article: More BTL lenders reduce mortgage rates