Financial strain and abolition of Section 21 are driving landlords out of the PRS
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“A perfect storm” is how one legal expert describes the difficult position of landlords within the private rented sector (PRS), with the Renters’ (Reform) Bill playing a significant part in it.
Gina Peters, the head of landlord and tenant at law firm Dutton Gregory
View Full Article: Financial strain and abolition of Section 21 are driving landlords out of the PRS
MPs call for ‘Awaab’s Law’ to be extended to the PRS
MPs are calling on the government to extend the proposed Awaab’s Law, which sets new deadlines for social housing landlords to fix unsafe homes, to the private rented sector (PRS).
The Health and Social Care Committee says that the legislation will improve the quality and safety of both social and private rented homes.
View Full Article: MPs call for ‘Awaab’s Law’ to be extended to the PRS
Landbay launches new range with AVMs for faster BTL offers
Landbay has introduced a new range of products that use automated valuation models (AVMs) to cut down the time to offer – and help landlords save money.
The specialist buy to let lender is the first to use the platform for its new range of five-year fixed-rate products
View Full Article: Landbay launches new range with AVMs for faster BTL offers
Landlords are optimistic about the PRS despite challenges – NRLA
Landlord confidence in the private rented sector (PRS) rose significantly in the third quarter of 2023 after hitting record lows, according to the National Residential Landlords Association (NRLA).
The NRLA’s confidence index, which measures landlords’ views on the prospects of their own lettings business and the wider rental market
View Full Article: Landlords are optimistic about the PRS despite challenges – NRLA
January sees a new surge of landlords selling their portfolios for higher prices than 2023
There’s good news for landlords who have postponed selling their rental properties despite falling profits and new legislation making the private rental sector less appealing to most landlords.
2024 has already seen a surge of buyers returning to market amid falling mortgage rates following with Zoopla reporting buyer demand at the end of the first week of January was more than 10% ahead of the same period a year ago.
View Full Article: January sees a new surge of landlords selling their portfolios for higher prices than 2023
Universal credit chaos leaves tenants in tears
The Department of Work and Pensions (DWP) has sparked fury as Universal Credit (UC) applicants face extensive demands to confirm their eligibility.
One landlord told Property118 that some of his tenants have been “left in tears” as they can not comply with the list of demands.
View Full Article: Universal credit chaos leaves tenants in tears
Multi Unit Freehold Block (MUFB) Investments?
Hi All, I have invested in a few MUFB last year. They are historic conversions of terraced houses in London with planning permission to be used as two flats with separate utilities, council tax etc.
I am extending and upgrading them at the moment and I am holding two of the properties in a LTD company and one in my own name.
View Full Article: Multi Unit Freehold Block (MUFB) Investments?
Forfeiture for non-payment of ground rent – would this happen?
Hello, Having got to the very end of a lengthy conveyance of a probate leasehold house purchase, I have an issue that I am trying to understand the potential risk of actually happening.
The freeholder seems to be absent/deceased in 2017
View Full Article: Forfeiture for non-payment of ground rent – would this happen?
UK housing market shows signs of recovery but landlords are ‘scarce’
The UK housing market improved in December, with buyer demand stabilising and sales activity picking up but there remains a shortage of homes to rent, the Royal Institution of Chartered Surveyors (RICS) says.
Its latest UK Residential Survey
View Full Article: UK housing market shows signs of recovery but landlords are ‘scarce’
City flats attract landlords as office workers return to urban areas
City flats are the top investment choice for UK landlords as office workers resume their urban lifestyles, a new study by Shawbrook Bank reveals.
The research found that 28% of UK landlords agreed that city flats were the best investment in the past year
View Full Article: City flats attract landlords as office workers return to urban areas
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