Urgent: Reputable Fund Purchaser Looking to Buy Your HMOs and PBSA’s – Act Fast!

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Landlords, if you’re ready to sell your HMO properties, don’t wait. A reputable fund purchaser is looking to make quick acquisitions and they’re interested in your properties right now!

This fund is actively seeking HMOs and PBSA’s (up to 60 bed units) across the UK’s top university towns

View Full Article: Urgent: Reputable Fund Purchaser Looking to Buy Your HMOs and PBSA’s – Act Fast!

Scottish Housing Bill passes stage two as rent cap amendment approved

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The Scottish Housing Bill has passed stage two of scrutiny by a cross-party committee of MSPs.

More than 600 amendments were proposed, one of the highest totals for any legislation in the Scottish Parliament’s history.

One of the amendments agreed during stage two will allow rents in rent control areas to rise in line with inflation plus 1%

View Full Article: Scottish Housing Bill passes stage two as rent cap amendment approved

We need more landlords for immigration and students – Bank chief

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The UK’s increasing population and immigration levels are piling pressure on the private rented sector, the boss of Paragon Bank says.

And rather than seeing landlords leave the PRS for various reasons, the government should be encouraging landlords to invest.

View Full Article: We need more landlords for immigration and students – Bank chief

Stop targeting private landlords with selective licensing while council homes rot

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Like many landlords, there’s not a lot that gets me hot under the collar anymore after years of being victimised and ridiculed but two things this week deserve closer attention.

Private landlords are being squeezed dry by councils wielding selective licensing schemes like a blunt weapon.

View Full Article: Stop targeting private landlords with selective licensing while council homes rot

Government’s EPC targets for landlords are ‘unrealistic’ – NRLA

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The government’s ambitions to boost the energy efficiency of private rented homes are ‘unrealistic’, the National Residential Landlords Association (NRLA) warns.

Current proposals suggest that landlords may have less than two years to improve more than 2.5 million properties to meet a minimum energy efficiency rating of C.

View Full Article: Government’s EPC targets for landlords are ‘unrealistic’ – NRLA

More BTL lenders cut rates and raise LTV limits

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Another batch of buy to let lenders have made changes to their landlord offerings with Market Financial Solutions reducing rates across its fixed-rate bridging loan portfolio.

Residential single loans now start at 0.70%.

The rate cuts extend to portfolio loans

View Full Article: More BTL lenders cut rates and raise LTV limits

Investors turn to HMOs for higher yields

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Property investors are being urged to convert properties into HMOs to achieve higher yields.

According to Excellion Capital, purchasing a three to four-bed property and converting it into a six-bed HMO could cost a £512,340 in England, but the average yield achieved is 10%.

View Full Article: Investors turn to HMOs for higher yields

Renters’ Rights Bill hands more power and money to councils through tougher enforcement

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The only people to benefit from the Renters’ Rights Bill will be councils, claims a legal expert.

In an exclusive video interview with Property118, legal expert Des Taylor from Landlord Licensing & Defence warns landlords of the consequences of the new rules and regulations

View Full Article: Renters’ Rights Bill hands more power and money to councils through tougher enforcement

City landlords sign up to sue council over ‘extortionate’ licensing fee

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A city council is facing legal action, which has been joined by 40 landlords, to tackle its ‘unreasonably extortionate’ selective licensing application fee.

Letting agents are also signing up to target the council’s £1,290 per property charge

View Full Article: City landlords sign up to sue council over ‘extortionate’ licensing fee

Labour cuts red tape in planning reforms but industry warns more reforms are needed

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The Labour government have announced thousands of homes will be built across the country due to simpler planning rules, but one industry body warns that easing planning rules alone won’t solve the housing crisis.

Deputy Prime Minister and Housing Secretary

View Full Article: Labour cuts red tape in planning reforms but industry warns more reforms are needed