UK Mortgage & Property Related News
Landlords are being left more exposed than ever to accumulating debt in the event of arrears after the average amount significantly jumped to £2,597 in Q4 24 – a dramatic rise of 44% from £1,802 in 12 months.
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Reading the news on Property118 about tenants getting a new platform to make complaints made my heart sink.
The PRS is undergoing a seismic shift, and landlords are increasingly being cast as the villains in a narrative that seems to ignore our rights and struggles.
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A landlord has been ordered to pay £37,000 in fines and costs after Barnet Council inspectors found 18 tenants including children and infants, sharing a semi-detached house in Edgware.
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Section 21 evictions hit their highest level last year since 2016, and it’s expected numbers will increase again this year.
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Almost a fifth (19%) of tenants have been forced to move five times in less than five years due to landlords exiting the market, according to new research from Cornerstone Tax.
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A council is urging agents and landlords to register properties which may fall under the mandatory Houses of Multiple Occupation licensing requirements, or risk facing fines of up to £30,000.
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Houses in Multiple Occupation (HMOs) have been a cornerstone of the UK rental market, offering affordable housing options for tenants and profitable investment opportunities for landlords.
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A new law could stop landlords from demanding several months’ rent up-front payments from new tenants.
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TSB is offering a new mortgage option which makes it easier for tenants to buy their home from their landlord.
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Unions are calling on ministers to undo “years of damage to the housing sector” by the previous Conservative government and honour its pledge to tackle the housing emergency by introducing a form of rent cap.
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