UK renters risk being thrown out on their ear by landlords should they get sick, as only 29% say they could pay next month’s rent if they were unable to work due to illness.
Read MoreRent unlikely to be paid if tenants fall ill for a month or more
Tag: Buy-To-let
COURTS (rent to rent): Landlord wins ‘important’ appeal in rent to rent case
Landlord Amlendu Kumar has successfully appealed against a Rent Repayment Order for his Tooting property after a ‘rent to rent’ company he contracted with turned into an illegal HMO without his knowledge.
Read MoreLandlords Are Getting Younger – don’t let tax changes deter them
Our data reveals a striking trend: landlords buying property are getting younger.
The average age of landlords purchasing with a buy-to-let mortgage has plummeted from 46.4 in 2014 to 42.9 last year.
Our analysis of industry data shows that property is still attractive to younger investors. Landlords in their 30s have surged from 21% of mortgaged purchases to 31% in a decade, while those aged 18-29 now account for 10% of purchases.
Read More‘Ants are everywhere’: Labour MP’s tenants reveal condition of flats
A Labour MP rents out flats with black mould and ant infestations, the BBC has discovered.
Jas Athwal, the newly-elected MP for Ilford South, owns 15 rental flats, making him the biggest landlord in the House of Commons.
In one block of seven flats owned by Mr Athwal nearly half the tenants said they had to regularly clean their bathroom ceilings to remove mould.
Mr Athwal has now also admitted his flats do not have the correct property licences required under a scheme he introduced as Redbridge Council leader.
Read MoreSharp rise in rental homes being sold as landlords flee buy-to-let sector
Landlords continue to flee the private rented sector with many actively looking to cut the size of their buy-to-let portfolios, leaving thousands of renters looking for somewhere new to live.
Analysis by TwentyEA had already revealed a substantial increase in landlords exiting the market or downsizing their portfolios.
Figures released last month showed that that the number of properties ‘for sale’ that were listed ‘to let’ in the past three years had risen dramatically.
Read MoreWhat keeps landlords in the buy to let business? New findings
A new survey appears to lift the lid on why landlords remain in buy to let, despite the tax and regulatory controls now making the sector so challenging.
Paragon Bank surveyed 500 landlords with up to three properties and with declared ambitions to build larger portfolios.
Read MoreMortgage lender calls for support for landlords over new EPC targets
The government must find ways to ‘incentivise and support’ landlords to achieve new energy performance targets.
This is the message from mortgage lender Skipton Building Society which has reacted to the Labour announcement all landlords must meet an Energy Performance Certificate (EPC) rating of Band C by 2030.
The building society is offering and delivering free EPC Plus assessments to all of its members to help improve energy efficiency awareness.
Read MoreHMRC buy-to-let crackdown ‘panicking’ landlords who face £666,000 bills
AHMRC crackdown on buy-to-let tax scheme is panicking landlords, according to reports. Property 118 claimed to offer a way round stamp duty and capital gains tax amid a HMRC crackdown and clampdown, according to the I.
But it was served with a “stop notice” by the taxman last month, meaning it must immediately stop promoting its schemes. This follows a decision in February to issue what’s known as “reference numbers” to its arrangements, a signal that HMRC believes the schemes equate to tax avoidance.
Read MoreI’ve inherited a property – can I expand into buy-to-let?
What if you own a property but want to let it out so you can buy another place to live? David Jackson discusses the pros and cons of ‘let-to-buy’ in his latest Q&A
Read MoreFew landlords will sleep easy thanks to Labour reforms threat – analyst
A prominent rental market analyst is warning that elements of the reform legislation proposed by Labour “are casting dark shadows” over the lettings sector, with few landlords likely to sleep easy at possible threats to their investments.
Doug Shephard, director of the Home website – a listings platform that also conducts respected monthly market analyses for the lettings and sales sectors – says the new government’s upcoming Renters Rights Bill may prove to be final straw for many landlords.
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