Council ‘mothballs’ its housing company despite £600,000 investment

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Another council has ‘mothballed’ its housing company, despite investing £600,000 of public money, according to Private Eye.

Central Bedfordshire council set up New Vista Homes in 2020 to address a shortfall in affordable housing in the area by building 250 homes over the next three to five years.

View Full Article: Council ‘mothballs’ its housing company despite £600,000 investment

Labour’s tax hike rumours driving landlords to sell

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Rumours of a capital gains tax hike, the proposed Renters’ Rights Bill and the abolition of Section 21 are sending landlords into a state of uncertainty.

Many landlords are openly questioning whether it is worth the trouble and are exploring their options.

View Full Article: Labour’s tax hike rumours driving landlords to sell

Labour MP under fire over unlicensed and mould-ridden flats

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A Labour MP who describes himself as a “renters champion” and a “good landlord” has been forced to admit that his rental properties are plagued by ant infestations and black mould.

Jas Athwal, the newly-elected MP for Ilford South

View Full Article: Labour MP under fire over unlicensed and mould-ridden flats

Paragon Bank offers new BTL mortgage options

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Paragon Bank has expanded its buy to let mortgage range with a new two-year fixed-rate product with no fee and a discounted variable rate product.

This is the first time in more than two years that the lender has offered a nil-fee two-year fixed-rate option.

View Full Article: Paragon Bank offers new BTL mortgage options

Rural landlords in Argyll and Bute face ‘Myriad of challenges’

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The alarm has been raised on the potential for a deepening rural housing crisis in Argyll and Bute, with significant issues being faced by landlords in the region.

A report highlights the unique challenges faced by rural landlords

View Full Article: Rural landlords in Argyll and Bute face ‘Myriad of challenges’

Call to save the PRS by scrapping landlord levies

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The private rented sector (PRS) is in dire straits, with rocketing tenant demand and a fall in the number of homes to rent, Ben Beadle says.

In an article for The Times, the chief executive of the National Residential Landlords Association (NRLA)

View Full Article: Call to save the PRS by scrapping landlord levies

Foundation offers consumer buy to let mortgages

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Foundation Home Loans, the intermediary-only specialist lender, has announced that consumer buy to let (CBTL) mortgages are now accepted as standard criteria across its ‘Buy to Let by Foundation’ and ‘Solutions by Foundation’ product ranges. 

The following scenarios are typical of a consumer buy to let:

• Property inherited from a relative
• Applicant/customer moved in with a partner and wants to let out the property
• Applicant/customer moving for work but wishes to keep and let out the property
• Applicant/customer remortgaging their current main residence to a buy-to-let mortgage

View Full Article: Foundation offers consumer buy to let mortgages

Council offers help to tenants and landlords struggling with damp and mould

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Tenants and landlords are being encouraged to seek help from their local council to address persistent damp and mould problems in their rental properties.

The Forest of Dean District Council’s environmental health team is offering advice and assistance as part of a new initiative called ‘Healthy Homes’.

View Full Article: Council offers help to tenants and landlords struggling with damp and mould

Landlords say government’s EPC C target by 2030 is ‘impossible’

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As the UK government pushes ahead with its plan to require all rental properties to achieve an EPC rating of C by 2030, a growing number of landlords are sounding the alarm.

According to a survey by Landwood Group

View Full Article: Landlords say government’s EPC C target by 2030 is ‘impossible’

Energy price cap hike to hit least efficient homes hardest

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The energy price cap is set to rise by 10% from 1st October, leading to significant increases in energy bills for UK households, Rightmove says.

The property website warns that the least energy-efficient homes rated as G will be hit the hardest

View Full Article: Energy price cap hike to hit least efficient homes hardest