Landlord news, features and discussions - Landlord Today
Shocking failures by social landlords revealed in new report. Ouch! Three landlords hit with £450,000 in fines and costs. New partnership to support private landlords get qualifications. Council pays landlords £500 to ‘match’ tenants to private lets. MPs to debate landlord licensing rising from five to 10….
Many landlords to hike rents to pay for EPC improvements
1 day ago · Some 42% of landlords intend to make the necessary improvements to bring their impacted properties up to standard. Meanwhile, 24% plan to carry out works at the minimum cost required to comply, and continue to let the property out, and another 14% aim to carry out the works that maximise the long-term value of the property and continue to let it out.
Rent arrears climb almost a quarter over 12 months
5 days ago · The average rent arrears claim climbed to £2,064 in Q3 – a rise of 22% from £1,694 a year earlier. Throughout Q3, both tenants and landlords continued to experience high interest rates and increasing rents. Throughout July and August, the interest rate remained high at 5.25% and only fell marginally by 0.25% to 5% in September, while rents ...
Trumped – new president doing little to help London rental sector
1 day ago · Average rents in prime central London increased by 1% in the year to October, which was the lowest rate of growth since July 2021. The equivalent rise in prime outer London was 2%, down from 8.3% in the same month last year. The figures come from Knight Frank, which says lower rental value growth has been caused by rising supply since the ...
Landlords’ lot – soaring costs and confusing legislation
A new report from landlord insurance provider, Simply Business, reveals an uncertain future for the UK rental market, as landlords struggle to navigate an onslaught of confusing legislation and soaring costs. The report, which surveyed nearly 2,000 landlords across the nation, lifts the lid on how landlords are feeling about the year ahead.
Labour’s Renters Rights Bill – the government explains
This is bad for economic growth and productivity, poor for health, and a drain on aspiration. – The Renters’ Rights Bill will overhaul the private rented sector, with this Government determined to take action where the previous Government failed, transforming rights for the 11 million private tenants in England by: – abolishing Section 21 ...
Going Green: What landlords need to know now - Landlord Today
The answer is Yes – to some extent – but perhaps not as much as many currently fear. Landlords may hold more cards than they think. The current state of play is that there is a Bill wending its way through Parliament that will make it illegal to rent out a property with an EPC of less than a ‘C’ by 2028. By 2025 no new tenancy ...
Landlords’ Top Worries, Challenges and Expectations for the Future
Mar 23, 2024 · Fitness for purpose – Only 43.3% of landlords and 52.2% of agents feel the sector is ‘fit for purpose’. Reasons cited include regulation, poorer tax breaks, increased mortgage costs, upgrade costs and removal of Section 24. This is a significant drop on last year when a strong majority of agents (76%) and landlords (72%) felt it was fit ...
Navigating Legal Changes In Property Rental - Landlord Today
Navigating the world of property rentals begins with a solid grasp of the legal framework in the UK. Legislation such as the Housing Act outlines landlords' and tenants' duties and rights, setting the stage for fair and secure rental arrangements.
How has six months of new laws hit Scotland’s rental sector?
4 days ago · October marked the first six months of the changed rental landscape in Scotland, following on from almost two years of the restrictions put in place on tenancies by The Cost of Living (Tenant Protection) Scotland Act 2022. On 1 April 2024, the controversial 3% rent cap and eviction moratorium were both lifted, allowing landlords across Scotland ...