Buy-to-Let
An unscrupulous landlord has been fined £27,000 over an unlicensed HMO in Luton with multiple fire and safety breaches. Luton Magistrates Court heard that the unlicensed property at 14 Kenneth Road, Luton, LU2, had poor fire alarm systems and blocked fire exits, missing and broken tiles on the roof, and… Read More »Rogue landlord fined £27k for unsafe HMO
The tax return deadline when filing your online Self Assessment for the tax year ending 5 April 2019 is less than a month away. Filing an annual tax return is a necessary task for every self-employed person, including buy-to-let landlords, with the 31 January deadline for the 2018/19 Self Assessment… Read More »Help and support available for landlords paying tax and keeping records
A new landlord organisation, which is the largest ever trade body in the letting sector, has been officially launched. The National Residential Landlords Association, which came into force yesterday, has a membership of more than 80,000 landlords. The new organisation has come about after the National Landlords Association (NLA) and… Read More »New trade body launches for BTL landlords
Letting agents are being urged to do more to protect buy-to-let landlords by preparing now for the government’s plans to scrap Section 21 of the Housing Act, as part of a new Renters’ Reform Bill. PayProp is advising agents to adapt to upcoming changes to the eviction system by updating key… Read More »Section 21 changes: time to prepare for reforms to the eviction system
A man who rented hundreds of properties that he sub-let to criminal gangs running brothels and cannabis farms has been jailed for seven years and four months. Chinese national Feng Xu used several fake identities to secure accommodation, according to the National Crime Agency (NCA). Feng was arrested in Birmingham… Read More »Man who sublet hundreds of properties to criminal gangs jailed
With savers receiving poor returns from banks and building societies, thousands of people unsurprisingly continue to turn to residential property as a means of supplementing their income, supported by record-low mortgage borrowing rates, growing demand from renters and stable yields, as buy-to-let consolidates itself as the investment of choice for… Read More »Despite tax and regulatory changes ‘there is still money to be made in the PRS’
The Christmas season is upon us and there is a good chance that your tenants may be going away, leaving your property empty and therefore vulnerable. To help ensure that your property remains protected, there are a number of measures that you and your tenants could take to keep your… Read More »You and your tenants need to be vigilant over the Christmas period
Rents in the PRS continued to grow at a modest pace in November, the latest figures from HomeLet show. The data reveals that the average rent in the UK hit £947 per calendar month (pcm) in November, up 3.2% year-on-year. When London is excluded, the average rent in the UK… Read More »Average rents increase 3.2% year-on-year – HomeLet
Rents look set to rise across much of the UK next year owed in part to a further increase in the number of landlords exiting the buy-to-let market as the impact of legislation continues to be felt, letting agents have predicted, ARLA Propertymark asked its members to share their predictions… Read More »Rents set to rise in 2020 as landlords continue to exit the PRS
The Queen has announced the new government’s priorities for its coming term, and it includes a proposal to abolish Section 21 of the Housing Act and reforming the grounds for possession, as part of a new Renters’ Reform Bill, designed to “introduce a package of reforms to deliver a fairer… Read More »Scrapping Section 21 is ‘another attack’ against BTL landlords
