Landlord News
Landlords Experience Significant Losses when Exiting the Property Market
Recent data indicates that UK landlords are now facing an average loss of £10,000 when disposing of their properties. This downturn in fortunes comes in…
Landlord News
Landlord News
Surge in Buy-to-Let Mortgage Arrears, UK Finance Reports
UK Finance, the representative body for over 300 firms in the banking and finance industry, has recently disclosed alarming data concerning mortgage arrears for Q2…
Landlord News
Surge in Section 21 Evictions as Landlords Exit the Market
New figures from the Ministry of Justice reveal a concerning 41% surge in Section 21 ‘no fault’ evictions. In England, the number of households evicted…
Landlord News
Deepening UK Housing Market Downturn, RICS Survey Reveals
The most recent RICS survey paints a concerning picture of the UK housing market. In July, there was a 45% decline in new buyer enquiries,…
Landlord News
Steep Rise in Fines Announced for Non-Compliance with Right to Rent Checks
From January 2024, letting agents and landlords will witness a substantial increase in fines related to non-compliance with Right to Rent checks. The Home Office…
Landlord News
Halifax Points to Growing Pressures on Private Rental Sector and Slump in House Prices
Halifax has recently flagged concerns regarding the private rental sector in their standard housing market update, highlighting that the sector is currently navigating challenging waters….
Landlord News
Rental Prices Increase in Every UK Region in July – Homelet Index
The upward trend in UK rental prices shows no sign of abating, with an increase witnessed across all regions in July, including the traditionally cheaper…
Landlord News
Bank of England’s Rate Hike Takes Interest to 15-Year High of 5.25% – Industry Reaction
The Bank of England (BoE) has raised UK interest rates to 5.25%, a level not seen in the last 15 years, marking the 14th consecutive…
Landlord News
Landlords Face Further Challenges with Upcoming Renters Reform Bill, Solicitor Warns
Millions of landlords across the UK are poised to be negatively impacted by the forthcoming Renters Reform Bill, a piece of legislation intended to shield…
Landlord News
New Record in UK Capital Gains Tax Receipts Shows an Evolving Trend
In a revealing trend, Capital Gains Tax (CGT) receipts in the United Kingdom have reached a record £16.7 billion in the 2021/22 tax year, reflecting…
Landlord News
Landlord Successfully Challenges Council Fine, Achieving Substantial Reduction in Virtual Tribunal Hearing
A recent case in North London has demonstrated that landlords maintaining well-managed, good-quality rented properties and possessing a reputable character should challenge unfair council fines…
Landlord News
England’s Rental Prices Hit Unprecedented Level
England’s rental market experienced an extraordinary event in July, as average rental costs exceeded £1,300 per property for the first time ever. This milestone, part…
Landlord News
Paragon Bank Announces Further Reductions to Five-Year Fixed Rates for Portfolio Landlords
Paragon Bank has announced a decrease in the rates of its five-year fixed-rate buy-to-let mortgages, marking the second time in a fortnight that the lender…
Landlord News
House Prices Dip Further into Negative Growth: Experts Weigh In on the UK Market
He further highlighted how deposit requirements continue to present significant challenges, with a 10% deposit now equivalent to 55% of gross annual average income, further…
Landlord News
Landlords Shift Investment Focus to Energy-Efficient Properties in Anticipation of Regulatory Change
In anticipation of new governmental regulations, landlords across the nation are significantly shifting their property investments towards higher-rated Energy Performance Certificate (EPC) properties, according to…
