The leader of tenant activist group Generation Rent has renewed calls for the Labour government to introduce rent controls.
Read MoreGeneration Rent back on warpath demanding Labour rent controls
Tag: Buy-To-let
‘I’m Selling 35 Homes’: Landlords Struggling, but Public Says ‘Good Riddance’
It’s a tough time for landlords, with new legislations, CGT tax rises, incorporation challenges, EPC requirements, The Renters Rights Bill and mounting financial pressures, there’s no surprise that many landlords are looking to sell.
Read MoreLandlord fined £5,000 after failing to get HMO licence
A landlord in Colchester has been handed a £5,000 civil penalty notice for failing to license his unsafe HMO.
Following a complaint made one of the tenants, the council’s private sector housing team discovered that a family of four and two unrelated men were living in a four-bedroom flat.
Read MoreIs Buy-To-Let Still Worth It?
Higher borrowing costs, a reduction in tax relief on additional homes, plus more stringent requirements for landlords under the new Renters’ Rights Bill, are combining to take much of the shine off buy-to-let as an investment.
Read MoreRent unlikely to be paid if tenants fall ill for a month or more
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 MoreCOURTS (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 More