Half of HMO landlords rely solely on rental income

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Nearly half (47%) of HMO (house in multiple occupation) landlords rely solely on their rental income for their livelihood, a survey reveals.

The research from buy to let lender Landbay also found that almost a third (30%) of participating landlords owned HMO properties

View Full Article: Half of HMO landlords rely solely on rental income

Shocking truth reveals councils’ powers over landlords

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Dawn-style raids, more powers than the police and issuing £105,000 fines —councils wield considerable authority in regulating landlords.

Phil Turtle, compliance director from Landlord Licensing & Defence deals with councils daily and issues a stark warning to landlords.

View Full Article: Shocking truth reveals councils’ powers over landlords

Labour vows landlord crackdown to improve ‘lurid living conditions’

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Labour says it will crackdown on ‘unscrupulous landlords’ who are strangling growth in the private rented sector (PRS).

The party is adding details to its manifesto which was launched last week.

It says there will be a clampdown on ‘unscrupulous landlords ripping off tenants with extortionate rents and lurid living conditions’.

View Full Article: Labour vows landlord crackdown to improve ‘lurid living conditions’

UK house prices show signs of recovery after slowdown

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The UK’s housing market appears to be stabilising after a period of decline, with average house prices edging upwards for the second month in a row, the Office for National Statistics (ONS) reports.

It says that house prices rose 1.1% in the 12 months to April

View Full Article: UK house prices show signs of recovery after slowdown

Tenants owe £10k but daughter is asking for a good reference?

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My tenants owe me nearly 10k in rent and legal fees. I am still waiting to get a high court enforcement order to evict them from my property, which could still take several weeks.

I have received an email from their daughter asking me for a good reference so she can rent privately citing it is of benefit to no one for not giving her a good reference as they won’t be able to move out.

View Full Article: Tenants owe £10k but daughter is asking for a good reference?

Most portfolio landlords aren’t worried about the next government

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UK landlords say they aren’t worried about the potential political change of government next month, and most will keep hold of their buy to let portfolios, research reveals.

The findings from Zero Deposit show that despite various legislative changes under the Conservative government

View Full Article: Most portfolio landlords aren’t worried about the next government

Reform UK exclusive interview: A return to landlord rights and tax relief

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Landlords across the UK can look forward to having more rights and tax relief on their costs if Reform UK gains power in the 2024 General Election.

In an exclusive interview with Property118, landlord David McLennan is representing Reform UK in the Livingstone seat in Scotland.

View Full Article: Reform UK exclusive interview: A return to landlord rights and tax relief

Will The Renters Reform Bill Force Landlords to Accept Pets?

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In this episode of Property Breaking News, we explore the hot topic: “Will Landlords Be Made to Accept Pets?” Join us as we delve into the latest discussions and potential policy changes that could impact landlords and tenants alike.

Find out what these changes could mean for pet owners looking to rent and landlords managing their properties.

View Full Article: Will The Renters Reform Bill Force Landlords to Accept Pets?

Reform UK says it will abolish section 24 for landlords

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Among the promises being made by Reform UK to boost the UK’s private rented sector (PRS) is a pledge to abolish section 24 in its first 100 days in office.

Section 24 was introduced in the Finance Act 2015 by the then Chancellor George Osbourne which removed a landlord’s ability to offset all of their mortgage interest

View Full Article: Reform UK says it will abolish section 24 for landlords

BTL mortgage rates dropped by CHL and Landbay

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Two buy to let lenders have revealed a raft of new rates for BTL mortgages.

First up is specialist BTL lender CHL Mortgages which has revamped its buy to let product range, including significantly lowering rates and introducing new criteria for landlords.

View Full Article: BTL mortgage rates dropped by CHL and Landbay