The government plans to introduce mandatory electrical installation inspecting for all rented homes. Detailed regulations for enforcing compulsory five-year electrical safety checks in the private rented sector from July this year have been put forward and are now subject to parliamentary approval. The draft regulations propose that, from 1 July… Read More »Mandatory electrical safety regulations to be introduced in England
Student property remains one of the most lucrative investments available to landlords, with sky-high double-digit yields currently on offer in many parts of the country. With students heading back to university over the next few weeks, demand for student housing is currently high thanks to the growth of international students… Read More »Top tips for new student landlords
The government’s decision to invest an additional £4m in funding for local councils to tackle criminal landlords and letting agents has been warmly welcomed by The Guild of Property Professionals. The housing secretary, Robert Jenrick, announced on Friday that he has pledged new funding to be used to clamp down… Read More »The Guild supports clampdown on rogue landlords
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
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
