Victory for landlords as Lords back pet deposit amendment

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Despite the government claiming “tenants are not second-class citizens and deserve to keep pets,” an amendment for a separate pet damage deposit has been approved in a victory for landlords.

Previously, the government performed a U-turn over pet damage insurance

View Full Article: Victory for landlords as Lords back pet deposit amendment

Peer slams government’s rent tribunal plan and calls for cap on rent increases

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A Conservative Peer and former Housing Minister claims the government’s proposed rent tribunals are not the solution and calls for rents to be raised only ONCE every four years.

Lord Young of Cookham, argues that letting renters appeal unreasonable rent increases at First-Tier Tribunal is “ill-equipped” to solve the problem.

View Full Article: Peer slams government’s rent tribunal plan and calls for cap on rent increases

Industry body pushes back on pet insurance U-turn

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An industry body has criticised the Labour government for reversing its position on pets in the Renters’ Rights Bill.

Ahead of the second debate of the report stage for the Renters’ Rights Bill, in Parliament today (Monday, July 7)

View Full Article: Industry body pushes back on pet insurance U-turn

What problem is the Renters’ Rights Bill addressing?

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By not fully understanding a problem, the risk of putting in a bad fix is magnified. We are seeing example after example of people acting without a full understanding..

I learned lessons early as a landlord that a failure to understand likely meant bigger expenses.

View Full Article: What problem is the Renters’ Rights Bill addressing?

Strong rental yields fuel landlord investment – Fleet

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Most landlords in England and Wales are enjoying robust rental yields despite minor regional fluctuations, one BTL rental barometer reveals.

According to Fleet Mortgages, the PRS is a stable market which is being underpinned by strong tenant demand and sustained investor enthusiasm.

View Full Article: Strong rental yields fuel landlord investment – Fleet

Chancellor Rachel Reeves crying a warning for landlords: “she knows exactly what’s coming”

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When Chancellor Rachel Reeves was filmed crying during Prime Minister’s Questions on Wednesday as Keir Starmer declined to guarantee she would remain in place until the election, the property world took notice. Whilst she raced afterwards to brush it off as “unrelated personal matters,” it indicated a visible crack in a government under immense financial pressure.

View Full Article: Chancellor Rachel Reeves crying a warning for landlords: “she knows exactly what’s coming”

Property investors use refurbishment finance to offset rising costs

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Property investors in the UK are increasingly relying on refurbishment finance to fund renovation projects swiftly and counteract escalating expenses, one lender reveals.

Octane Capital’s analysis reveals that the cost of fully renovating a typical three-bedroom home has surged by £2,616 over the past year.

View Full Article: Property investors use refurbishment finance to offset rising costs

Government policy to blame for landlords turning to asylum seeker accommodation

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Landlords are being demonised by the government and the media which means they will increasingly turn to asylum seeker accommodation as a consequence.

In an exclusive video interview with Property118, the chairman of the Eastern Landlords Association, Paul Cunningham

View Full Article: Government policy to blame for landlords turning to asylum seeker accommodation

BTL lenders lower rates and streamline application processes

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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

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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