News Archive

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  • Electrics
    View Count: 49
    Landlord removed from register for faulty electrics
    A Scottish Landlord has been removed from the landlord register after he let he property with dangerously exposed and faulty electrics. Image: South Ayrshire Council The rogue South Ayrshire landlord, who rented out private accommodation that failed to meet the required safety standards, and could potentially have put lives at…
    March 3, 2015
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  • Water-Reservior
    View Count: 125
    Landlords 'TAP' into website for notifying water companies
    The Landlord Tenant Address Portal provides an easy to use website that allows landlords and managing agents, of properties in England & Wales, to provide water companies with details of those responsible for the payment of water and/or sewerage charges for their tenanted properties. Landlords and managing agents should always…
    March 3, 2015
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  • Buy-to-Let
    View Count: 157
    Private rental sector needs £1.4 trillion by 2035
    The UK?s private rented sector (PRS) will need at least £1.4 trillion of new investment to meet rental housing demand by 2035, that?s according to a forecast based on research by mortgage lender Landbay, reported by mortgagefinancegazette.com, and that?s even if house prices remain the same as they are today.…
    March 3, 2015
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  • Electrical
    View Count: 297
    Mandatory electrical checks in Scotland
    All privately rented properties in Scotland which are covered by the Scottish Repairing Standard will need to comply with the statutory regulations involving mandatory electrical checks. The new rules will come into force from the 1st of December 2015. The Scottish Government has now finalised its guidance on mandatory electrical…
    March 2, 2015
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  • Housebuilding
    View Count: 204
    Tories promise 200,000 starter homes if they win election
    David Cameron has promised to make 200,000 homes available to first-time buyers in England by 2020 if the Tories win the general election. Having already announced plans for 100,000 cut-price homes for people aged under the age of 40, the PM says the target will be doubled if they gain…
    March 2, 2015
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  • Walthamstow
    View Count: 362
    Legal & General moves into build-to-let
    Insurance group Legal & General has made its first investment in the private rented sector (PRS), after acquiring a £25m regeneration site in north London with plans to build 300 PRS flats in Walthamstow. (Image shows Walthamstow town hall) LGC director of investments Laura Mason told Construction News that this…
    February 27, 2015
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  • Natalie Bennett
    View Count: 859
    Greens Party with Landlords’ Money
    Viewpoint: No, not the Green Deal, it's the Green Party?s attack on private landlords with plans in their election manifesto to not only cap private rents but also to remove mortgage interest tax relief for all buy-to-let landlords. In an 'excruciating' radio interview with LBC's Nick Ferrari, Green Party leader…
    February 27, 2015
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  • terraces-2
    View Count: 276
    Renting in England Doubles in 10 Years
    The English Housing Survey 2013-14 which has just been published is the latest available national survey of people's housing circumstances and the condition and energy efficiency of housing in England. In 2013-14, the private rented sector accounted for 4.4 million or 19% of households. Throughout the 1980s and 1990s, the…
    February 27, 2015
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  • 200317891-001
    View Count: 385
    Landlords set to lose energy saving tax boost
    Property investors wanting to green up their properties with energy saving improvements are running out of time to claim the valuable Landlord Energy Saving Allowance (LESA). Unless Chancellor George Osborne renews the allowance in his Budget 2015 in March, landlords will lose the tax break. LESA offers property owning companies…
    February 27, 2015
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  • 154196658
    View Count: 377
    New landlord fees code for letting agents
    Letting agents have come under fire again for charging unfair fees to landlords. The Property Redress Service, one of the three consumer redress schemes charged by the government to adjudicate complaints about letting agents from landlords and tenants has issued guidelines about charges to landlords. The service explains that agents…
    February 26, 2015
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  • 162580637
    View Count: 448
    Letting agent dirty tricks over bid to poach landlords
    The advertising watchdog has had to step in to a town?s letting agent wars after a dirty tricks row about poaching homes to rent. Letting agent William H Brown, part of the Sequence chain, was chastised by the Advertising Standards Authority (ASA) for claiming they had tenants ready to move…
    February 25, 2015
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  • 140182740
    View Count: 496
    Saving tax with the married allowance for couples
    Thousands of married or civil partner landlords save tax with the new Married Allowance tax break later in the year. The Married Allowance is probably more attractive to property investors who earn a small amount of rent each year as the qualifying income limit is capped at £42,385. Chancellor George…
    February 24, 2015
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  • 110921068
    View Count: 480
    Tax crackdown on commercial property loophole
    Booming commercial property investment returns have triggered a crackdown on wealthy celebrities and investors exploiting a tax avoidance loophole. As commercial property experts predict up to 18% returns in a rising market that seems to have fully recovered from the recession at last, HM Revenue & Customs (HMRC) is tackling…
    February 23, 2015
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  • Liverpool
    View Count: 609
    Liverpool to introduce compulsory landlord licencing
    Liverpool is to introduce compulsory landlord licencing from 1st April. All private residential landlords in Liverpool have been given until April 2015 to apply for a compulsory licence as part of Liverpool?s scheme which they say is meant to stamp out slum housing. Although compulsory borough wide licensing has already…
    February 20, 2015
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  • Mansion
    View Count: 401
    Is now the time to sell your mansion?
    Two think-tanks this week, the Centre for Policy Studies and the Centre for Economic and Business Research, have condemned Labour?s proposed mansion tax, as a clumsy attempt at a long-overdue reform, but the Economist says Labour?s mansion tax is based on sound principles, even if deeply flawed in the details.…
    February 20, 2015
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  • Germany
    View Count: 461
    Likely effects of rent control legislation in Germany
    One of the most intensely debated issues during recent elections in Germany, mirrored to some extent here, was the steep increases in rent for new residential lettings in certain local markets and the ways in which such increases can be limited in future. On October 1 2014 the federal government…
    February 20, 2015
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  • Letting-Agent
    View Count: 430
    Landlords can use Agent Redress Scheme
    Professional Landlords who have complaints about their letting agents can now use the services of the agent redress scheme provided by Ombudsman Services Property and the more general property complaints service, The Property Ombudsman. Ombudsman Services Property has agreed to allow all landlords to access their scheme following pressure from…
    February 20, 2015
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  • 161045333
    View Count: 438
    Buy to let mortgage rates hit lowest level ever
    Buy to let mortgage rates are at the lowest ever on record, according to financial firm Moneyfacts. The company tracks buy to let interest rates and deals. During the past 12 months, the average fixed rate has dropped from 4.22% to 3.82%, while tracker rates have slipped from 4.17% to…
    February 20, 2015
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  • Boston-Lincs
    View Count: 264
    Boston Council continues rogue landlord scheme
    A scheme run by Boston Borough Council, funded by central government, and aimed at tackling the rogue landlord element, is to continue after the funding runs out next month. Landlords who rent out overcrowded and potentially dangerous homes are being targeted in what has so far proved a successful exercise.…
    February 19, 2015
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  • External-Grounds
    View Count: 615
    Landlords' Liability for Repairs more onerous than thought…
    A new Court of Appeal decision makes Landlords and agents repairing obligations more onerous. The Edwards v. Kumarasamy case looks like it will have serious consequences for all landlords and agents with regard to their liability of repairs. David Smith of Anthony Gold solicitors has report reported on Tessa Shepperson?s…
    February 19, 2015
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  • 142025076
    View Count: 377
    Students Lettings Market becoming more Competitive
    The student lettings market is changing and it appears that new student landlord entrants are having more success than those that have been in the business for some time, that?s according to the latest student landlord survey from accommodationforstudents.com (AFS). It?s a truism that in any business you must move…
    February 19, 2015
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  • 168696925
    View Count: 282
    No square deal for wealthy homeowners
    Wealthy homeowners with luxury properties in London?s leafy squares could face massive bills to dig out basements after a judge ruled many break an obscure planning law. Dozens of homes in plush Kensington and Chelsea are like icebergs ' with above the ground living space sometimes dwarfed by what cannot…
    February 19, 2015
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  • terraces-2
    View Count: 504
    Deregulation Bill brings in more Regulations
    It is though highly likely that the Tenancies (Reform) Bill 2014-15 introduced as a Private Member?s Bill to prevent so called retaliatory eviction, by Sarah Teather, and now added to the currently progressing Deregulation Bill 2014-15, will likely become law before the expiry of the Coalition Government and the coming…
    February 18, 2015
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  • 200508107-001
    View Count: 553
    New landlord eviction laws on the way
    Some surprise late changes were made to private rental law passing through Parliament that will affect whether landlords can evict tenants if MPs approve the amendments. The changes are included under the Deregulation Bill that is expected to become law around the end of March 2015. The Department of Communities…
    February 18, 2015
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  • 100067790-1
    View Count: 426
    Property crowdfunding alert for would-be investors
    Property crowdfunding is a huge risk for buy to let investors, consumer watchdogs have warned. Crowdfunding is when a pool of investors join together to fund a buy to let or house in multiple occupation. Typically, they buy shares in a company that owns the property then share the costs…
    February 17, 2015
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  • HMRC
    View Count: 655
    Let Property Campaign brings in £7.9 million for HMRC
    HM Revenue and Customs (HMRC) has raised £7.9 million in additional tax as a result of a crackdown on landlords who have undeclared, or under-declared, rental income. Launched in Autumn 2013, the Let Property Campaign provides buy-to-let and other private landlords an opportunity to make a full and voluntary disclosure…
    February 16, 2015
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  • 200311971-001
    View Count: 429
    London holiday let ban set to be scrapped
    Confusing planning laws banning owners from renting out their homes as holiday lets in London are due to be scrapped. Although thousands of homes in the capital are advertised as short-term lets, doing so is illegal unless the owner has permission from the local council. If prosecuted, the penalty for…
    February 16, 2015
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  • 100974527
    View Count: 418
    Watchdog warns of suspected Ownbrix property scam
    Consumer watchdogs are warning rent to buy investors that an online property portal is a suspected scam. The Financial Conduct Authority (FCA) says the Ownbrix web site and Ownbrix Client Services Ltd are conducting an unauthorised investment business. Any investment adviser in the UK needs to register with the FCA.…
    February 13, 2015
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  • Research-Report
    View Count: 576
    Leading Property Consultant Kate Faulkner writes PRS Report
    Kate Faulkner of Designs On Property has produced an independent report on the salient issues facing the Private Rented Sector (PRS), "The Private Rented Sector 360 Degrees". At a time when renting is high on the political agenda and forthcoming legislative changes could substantially affect the industry, the PRS Report…
    February 12, 2015

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