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Discounted Asking Prices - even Prime London has been hit

New data about the Prime London housing market shows that the average discount to asking price has increased to 8.4 per...

14 March 2023

From: Breaking News

I’ve Had Enough! Landlord with 150 properties quits rental sector

A flamboyant landlord with 150 properties in England says he’s quitting the sector and taking his investment money elsewhere. Ajay Ahuja says:...

13 March 2023

From: Breaking News

Budget could help landlords AND tenants, insists PropTech chief

A leading figure in the PropTech sector wants this week’s Budget to provide more funding for local council enforcement of rental...

13 March 2023

From: Breaking News

Landlords omitted from guidelines to help struggling mortgage payers

The Financial Conduct Authority has set out ways in which mortgage lenders can help customers struggling with payments - but landlords...

13 March 2023

From: Breaking News

Private rent rises capped at 3% for existing tenants in Scotland

Politicians in the Scottish Parliament have backed a controversial cap which means rent rises for private tenants mid-tenancy cannot exceed 3.0...

13 March 2023

From: Breaking News

Scrap Open-Ended Tenancies - landlords lobby government

Proposed government reforms of the private rented sector threaten to make it harder for students to enter higher education, according to...

13 March 2023

From: Breaking News

Scrap VAT for landlords trying to improve EPC ratings - call

The British Property Federation is calling on the government to use next week’s Budget to zero-rate VAT on work which allows...

10 March 2023

From: Breaking News

Landlords shift to agents as buy to let gets complex - claim

The majority of private landlords would consider switching to a letting agency because of the current complexity of buy to let.  A...

10 March 2023

From: Breaking News

Budget MUST help struggling landlords - surveyors speak out

The normally under-the-radar Royal Institution of Chartered Surveyors has made an unusually outspoken plea to the government to help landlords. In particular,...

10 March 2023

From: Breaking News

Landlords’ biggest headaches identified in large industry survey

A survey of 3,000 landlords and letting agents by the Property Redress Scheme has identified where these players regard the problems...

10 March 2023

From: Breaking News

Landlord fined for refusing to produce paperwork for council

A council has prosecuted a landlord operating a property firm for not producing the right paperwork. Luton local authority has prosecuted Poplar...

10 March 2023

From: Breaking News

IKEA teams up with Shelter to highlight homelessness issue

Flat-pack furniture giant IKEA has teamed up with campaigning charity Shelter to highlight the issue of homelessness. The Scandinavian firm, citing Shelter’s...

09 March 2023

From: Breaking News

Airbnb ‘spare room’ landlords earn just £2,400 a year

Airbnb claims its so-called ‘spare room’ landlords earn an a rage of just £2,400 a year - the equivalent of a...

09 March 2023

From: Breaking News

Good EPC ratings increasingly important for renters - claim

Good EPC ratings are increasingly important for tenants when considering which properties to rent, it’s been claimed. Nicky Stevenson, managing director of...

09 March 2023

From: Breaking News

HMO House of Horrors landlord hit with fine

The landlord of a property dubbed a “house of horrors” by Barking and Dagenham council enforcement officers has been ordered to...

09 March 2023

From: Breaking News

Investor opportunities at auctions as sellers moderate expectations

The first two months of the year have seen a 74 per cent rise in the number of lots offered at...

09 March 2023

From: Breaking News

Don’t hammer Airbnb landlords with extra council tax - call

A prominent property industry figure says he backs higher council tax for unlet and vacant second homes but warns that Airbnb...

08 March 2023

From: Breaking News

Brexit and Weak Pound change shape of overseas investment

Overseas buyers - likely in many cases to be investors - have taken a bigger stake in the wealthy enclave of...

08 March 2023

From: Breaking News

Eco-tax breaks for green landlords under consideration - Propertymark

Lettings agents’ body Propertymark says its proposal for tax incentives to be offered for landlords is one measure under consideration by...

08 March 2023

From: Breaking News

House prices have stopped falling - good news for landlords

Landlords increasingly reliant on capital appreciation may be relieved to hear that one of the country’s best respected indices suggests house...

08 March 2023

From: Breaking News

Hefty fine for landlord who didn’t bother attending court

Dacorum council in Hertfordshire has prosecuted a private landlord who rented out an uninhabitable outbuilding in Kings Langley. Deborah King was fined...

08 March 2023

From: Breaking News

Government tells tenants to complain about landlords - ad campaign

Housing Secretary Michael Gove is urging tenants to complain about sub-standard housing with the government’s ‘Make Things Right’ advertising campaign. Social housing...

07 March 2023

From: Breaking News

Worst Over? Buy To Let mortgage market bounces back

It looks like the buy to let mortgage market has bounced back after the disastrous mini-Budget. Moneyfacts, an independent mortgage monitor, says...

07 March 2023

From: Breaking News

Council pours hundreds of thousands into anti-mould campaign

A London Labour council is putting an extra £400,000 into enforcement against private landlords allegedly ignoring serious damp and mould issues. The...

07 March 2023

From: Breaking News

Most £1,000 licence applications “omit vital information”

A council launching a new selective licensing regime admits that three quarters of the applicants so far have omitted to provide...

07 March 2023

From: Breaking News

Rogue landlord left family without water over Christmas

A private landlord has been prosecuted after a family, including a baby and two older children, were left without water or adequate...

07 March 2023

From: Breaking News

Investors forced to sell after failing remortgage affordability

A buy to let mortgage broker is warning landlords that as many as one in three investors fail their lender's affordability...

06 March 2023

From: Breaking News

Call for EPCs to be renewed every three years

Energy Performance Certificates must change to properly support reaching net zero, tackling fuel poverty and improving buildings, according to an energy...

06 March 2023

From: Breaking News

Rent Controls legislation to be unveiled next autumn

The Scottish Government, despite being in the middle of electing a new First Minister, is pressing ahead with legislation for long-term...

06 March 2023

From: Breaking News

Landlords in hot water for providing no hot water

A north of England council has released figures on the number of complaints it has received about private landlords. Pendle council in...

06 March 2023

From: Breaking News

Rental market snapshot for landlords - new figures

The rental market is firing on all cylinders again according to the latest market snapshot from PropTech firm Goodlord. It says void...

06 March 2023

From: Breaking News

This is how many landlords are set to quit private sector

Over a third of a million landlords may quit the private rental sector as a result of being penalised by tax...

03 March 2023

From: Breaking News

Controversial council wants city-wide small HMOs licensing

A consultation on a new licensing scheme for landlords letting out HMOs in Nottingham is running until May 24. The Labour council...

03 March 2023

From: Breaking News

Generation Rent claims landlords “silence” tenants in mouldy flats

Activist group Generation Rent has accused landlords of “silencing” private tenants who live in flats hit with damp and mould. The claim...

03 March 2023

From: Breaking News

Another council doubles tax on second homes

Dorset council is the latest to agree a policy to double the council tax on second homes and to implement an...

03 March 2023

From: Breaking News

Big fine for landlord who failed to remedy fire faults

A Cardiff landlord has been ordered to pay just over £4,500 for failing to rectify faults relating to two flats he...

03 March 2023

From: Breaking News

Politicians want tax incentives for landlords to boost energy efficiency

The Welsh Government should consider tax incentives to support improvements to the energy efficiency of private rented housing, according to a...

02 March 2023

From: Breaking News

Landlords urged to check grants for EV chargepoints

A car charging company is urging landlords and businesses to take advantage of government grants towards the cost of electric vehicle...

02 March 2023

From: Breaking News

Ferocious anger from Rent Repayment Order enthusiasts

A not-for-profit business that advocates tenants use Rent Repayment Orders against landlords has issued a furious response to a Supreme Court...

02 March 2023

From: Breaking News

Landlords back Rent Repayment Order decision by Supreme Court

The landlords’ trade body is welcoming a landmark ruling from the Supreme Court which provides vital clarification about so called ‘rent-to-rent’...

02 March 2023

From: Breaking News

House prices show first annual fall for almost three years

House prices fell by an average 1.1 per cent over the past year - the first annual decline since June 2020,...

02 March 2023

From: Breaking News

Council to spend £1m gathering information about HMOs

A council is to spend £1m “to gather information about the conditions of specific groups of privately rented properties and proactively...

01 March 2023

From: Breaking News

Are second homes “flipped” to  Airbnb to avoid council tax?

Campaigners behind the National Empty Homes Week - running until March 5 - are accusing some second home owners of “flipping”...

01 March 2023

From: Breaking News

Huge discounts for landlords making cash purchases

Landlords expanding portfolios through cash purchases are securing discounts as high as £88,000 in cooling market conditions says a buying firm. House...

01 March 2023

From: Breaking News

HMRC wants details of high-value company-owned rentals

Companies that own UK residential properties have one month to revalue and tell HM Revenue and Customs if any are worth...

01 March 2023

From: Breaking News

Buying more affordable than renting later this year - claim

A mortgage expert says buying will become more affordable than renting by the end of 2023. Recent research by business consultancy Capital...

01 March 2023

From: Breaking News

Watchdog launches probe into landlord-tenant relationships

The Competition and Markets Authority is launching a three month probe into the workings of the private rental sector. It says the focus...

28 February 2023

From: Breaking News

Activists to lobby MPs on rental reform in ‘day of action’

A coalition of tenant activists has called a Day of Action to protest at delays in the government’s rental reform agenda. The...

28 February 2023

From: Breaking News

MEES Rules - Huge volumes of London property “unlettable”

An analysis of inner London data from the government’s non-domestic EPC register suggests huge volumes of commercial property may be unsettable...

28 February 2023

From: Breaking News

HMO Council Tax win as government may scrap disaggregation

The government has launched the consultation on the controversial subject of disaggregation - a system which has seen council tax bills...

28 February 2023

From: Breaking News

Landlord opportunities to buy - five-figure discounts on homes

The asking-to-achieved price gap has widened to its largest for five years according to new data from Zoopla.  While sales volumes have...

28 February 2023

From: Breaking News

Sign Up! Section 24 petition wins support from trade group

A letting agents’ trade group is urging the industry to sign a parliamentary petition calling for the Section 24 changes for...

28 February 2023

From: Breaking News

EPCs are useless, wrong and easily rigged - new research

Shocking new research shows that Energy Performance Certificates are inaccurate at best, useless at worst, and easily rigged. A Sunday Times report...

27 February 2023

From: Breaking News

Fishermen blame landlords for pricing locals out of homes and jobs

A fishing organisation is blaming landlords for contributing to a housing crisis which, they say, means locals cannot live in coastal...

27 February 2023

From: Breaking News

Lender banning second homes now suspends arrears fees

A building society that last summer scrapped all lending on some holiday homes has now come up with another unusual policy...

27 February 2023

From: Breaking News

HMRC on the warpath: Warning issued over undeclared income

Landlords of Airbnbs and other short-lets risk facing penalties for tax evasion if they fail to report income on their rental...

27 February 2023

From: Breaking News

Shock alliance blocks council call for rent control powers

An unexpected and unlikely political alliance has prevented another city council demanding powers to freeze private rents. London, Bristol, Liverpool and Manchester...

27 February 2023

From: Breaking News

Triple Whammy Tax Attack on landlords proposed for Budget

A controversial new report demands that the government uses next month’s Budget to sharply increase tax burdens for landlords. The Joseph Rowntree Foundation’s...

24 February 2023

From: Breaking News

Labour chiefs say landlords are wealthy so rents should be frozen

A host of local Labour leaders including mayors Andy Burnham and Sadiq Khan are leading a call for an immediate private...

24 February 2023

From: Breaking News

Scores of landlords back guaranteed rent scheme

A council claims that 70 private landlords have signed up to a long-tenancy guaranteed rent scheme. Milton Keynes council launched its 100 per...

24 February 2023

From: Breaking News

New forecast says house prices will stay flat and NOT fall

An influential housing market analyst says it now looks like house prices will stay flat in 2023, rather than fall. Nicholas Mendes,...

24 February 2023

From: Breaking News

Landlord let property with unsafe electrics

A landlord of a home with unsafe electrics has been issued with a fine of £7,500 by a west country council. Following...

24 February 2023

From: Breaking News

Families “turfed out” of private rental homes, claims Labour MP

A Labour MP has told the House of Commons that “families are being turfed out of their private rented homes under...

23 February 2023

From: Breaking News

Landlords should pay more to avoid mould and damp - charity

A charity wants the government to be tougher with private landlords over issues like damp and mould. Citizens Advice claims that its research...

23 February 2023

From: Breaking News

Bank forecasts house price drop of seven per cent in 2023

Lloyds Bank says house prices are forecast to drop seven per cent this year.  The bank - which is Britain’s largest mortgage...

23 February 2023

From: Breaking News

Mayor demands powers to freeze private rents - yet again…

London Mayor Sadiq Khan has yet again taken to social media to demand the powers to freeze private sector rents. This has...

23 February 2023

From: Breaking News

New EPC targets to be missed by fifth of commercial landlords

Nearly a fifth of UK commercial landlords still have properties with an energy performance certificate rating of F or G, despite...

23 February 2023

From: Breaking News

Government slammed over Boiler Scheme with call for EPC change

The Boiler Upgrade Scheme - launched in May 2022 and open to landlords as well as homeowners - is failing to...

22 February 2023

From: Breaking News

Labour’s “a home for £1” idea mocked by leading agent

A Labour Party proposal to sell some long-empty homes to first time buyers for just £1 has been dismissed as the...

22 February 2023

From: Breaking News

Myth of rent controls is exploded by property industry chief

A leading property industry figure has exploded the myths that lie behind the calls for private rent controls. Ian Fletcher, director of...

22 February 2023

From: Breaking News

Landlord accreditation service to roll out to nearby councils

An association run by a local council with the involvement of private landlords is marking its 10th anniversary. The Partnership Accreditation for...

22 February 2023

From: Breaking News

Perfect Storm as landlords quit and social housing volumes fall

A perfect storm is brewing in the lettings market with rents spiralling driven by increasing demand fuelled by workers returning to...

22 February 2023

From: Breaking News

HMRC targets short-let landlords with ‘nudge’ tax letters

Accountants and tax advisers are reporting that HMRC has sent out a spate of what are called ‘one-to-many’ letters to taxpayers. The...

21 February 2023

From: Breaking News

Airbnb Licensing should be in “priority areas only” say agents

Licensing for Airbnbs and similar short lets should be targeted in priority areas only and not the subject of blanket rules. That’s...

21 February 2023

From: Breaking News

Small HMOs to be subject to council licensing from April

Another Labour controlled council is introducing additional licensing for small HMOs. York council says that from April 1 an additional licence is...

21 February 2023

From: Breaking News

Online auction says 38% of lots are from landlords quitting

An online auction firm claims well over a third of its clients are buy to let landlords quitting the sector. Some 38...

21 February 2023

From: Breaking News

Lender wooing first time buyers into buy to let

A high profile mortgage lender operating in the buy to let sector has launched a series of products aimed at investors...

21 February 2023

From: Breaking News

Sweeping controls on rents and Airbnbs - could they happen here?

The Portuguese government has announced sweeping measures, mostly against landlords, which some activists want introduced in the UK too. Portuguese Prime Minister...

20 February 2023

From: Breaking News

Tories and Lib Dems unite to hammer holiday let landlords

There’s been something of a love-in on a local authority in a popular tourist area of the UK - with second...

20 February 2023

From: Breaking News

Landlords face uncertain future with Purplebricks

The relatively small number of landlords who use Purplebricks to handle tenants for their properties appear to face an uncertain future. The...

20 February 2023

From: Breaking News

Better-than-expected market gives hope for 2023 - Rightmove

The better-than-expected sales market has been a surprise to investors, owners, buyers and sellers alike, says Rightmove. In its latest monthly snapshot...

20 February 2023

From: Breaking News

11 applicants for every available property, claim letting agents

There were 108 new applicants registered per Propertymark member lettings agency branch on average in January, compared to just 64 in...

20 February 2023

From: Breaking News

Controversial Labour licensing scheme set to be approved

A new licensing scheme for landlords in one of the country’s most controversial cities is likely to be approved next week. Nottingham...

17 February 2023

From: Breaking News

Tories call for more pro-tenant rental reforms

A Tory council in Middle England has backed a committee of MPs calling for rental reform measures to be tightened up. The...

17 February 2023

From: Breaking News

Foxtons reveals how many renters compete for each property

New figures from London-focussed letting agency Foxtons show rental demand remaining very strong. Last month’s figures show that compared to January 2020,...

17 February 2023

From: Breaking News

How to deal effectively with HMRC - a teach-in

High profile independent law firm Mishcon de Reya is hosting an in-person panel discussion on recent experiences with HMRC - and...

17 February 2023

From: Breaking News

Buy to let investors courted by prominent agency

The Edinburgh-based agency ESPC is holding an event for buy to let investors next week.  ESPC will be joined by solicitor estate...

17 February 2023

From: Breaking News

Tax and Compulsory Purchase threats to private landlords - new report

Private rental property should be “acquired” and used for social housing according to a think tank. And it says tax penalties, laws...

16 February 2023

From: Breaking News

Energy Efficiency - growing numbers of landlords spending thousands

Some 21 per cent of tenants have spoken to their landlords about making energy efficiency improvements to their property, according to...

16 February 2023

From: Breaking News

Almost half of landlords set to expand portfolio, despite obstacles

The mass exodus of landlords unhappy with increased tax and regulation appears not to have happened - at least yet. A quarterly...

16 February 2023

From: Breaking News

Capital appreciation dips but no price crash in sight

House prices rose by 9.8 per cent year-on-year in December compared with the same month in 2021, the Office for National...

16 February 2023

From: Breaking News

Soaring mortgage costs hit high numbers of landlords

Almost a third of private landlords with a buy to let mortgage face the prospect of significantly higher costs this year...

16 February 2023

From: Breaking News

Rent control Twitter rant backfires on London Mayor

A rant about rent controls by London Labour Mayor Sadiq Khan appears to have backfired. Khan - who has repeatedly demanded that...

15 February 2023

From: Breaking News

Renting “ruins retirement for single people and self-employed” - claim

A business consultancy says the high cost of renting is ruining the retirement dreams of different groups, such as single people...

15 February 2023

From: Breaking News

Councils not holding back with tax rises at the maximum allowed

Three quarters of local authorities are set to increase their council tax by the maximum amount in April as they complain...

15 February 2023

From: Breaking News

Multi-million pound fully-let portfolio comes to the market

Eleven fully let apartments in Birmingham city centre have come on to the market with Bond Wolfe for offers based on...

15 February 2023

From: Breaking News

The flat is back - at least in prime buy to let territory

The flat is back in demand in Britain’s most expensive rental enclave, a lettings agency says.  Demand for apartments in prime central...

15 February 2023

From: Breaking News

Landlords may suffer double council tax during void periods

Landlords say housing standards in one of the UK’s biggest cities could sugar because of council tax changes for empty homes. Manchester’s...

14 February 2023

From: Breaking News

Home Office says landlords do not ‘systematically discriminate’ against tenants

The government has published the findings of a review into the operation of Right To Rent by private landlords and letting...

14 February 2023

From: Breaking News

Five figure fine for HMO landlord failing on health and safety

A landlord who failed to provide a fire detection and alarm system in an HMO has been fined a total of...

14 February 2023

From: Breaking News

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