Lawyers Plan to Make Buying Leaseholds Cheaper
Lawyers are pushing for reforms that would make extending or buying out a lease cheaper for landlords and other home owners. The influential Law Commission – an independent body that keeps UK law updated and under review – wants wide ranging reforms of how...
Property Guardians Let Renters Live in Slum Care Home
A property guardianship firm that shoe horned tenants into a derelict care home has been fined for breaking house in multiple occupation rules. Camelot Guardian Management Company stopped squatters moving into commercial property by encouraging tenants to live in the...
Minister Rejects UK’s Largest Landlord Licensing Scheme Renewal
Housing and Communities Secretary Robert Jenrick has rejected a proposal to extend the UK’s largest private landlord licensing scheme. A plan to renew the measure for another five years from Liverpool City Council was turned down because the application lacked ‘robust...
Surprise Boost as Annual House Price Rises Hit 4%
House prices have started the year with a big jump – according to the latest data from one of the country’s largest mortgage lenders. The Halifax says property values increased by 4% last year with a 1.7% in December – the biggest monthly rise in 2019. The...
Don’t Get in a Mess Over MEES, the New Energy Efficiency Rules
Properties that require an EPC and fail new minimum energy rating standards must not be rented to tenants after April 1 2020 unless an exemption is sought. Although the law has been a long time coming since coming into force in April 2018, many landlords are unaware...
Minister Urges Landlords to Lift Bans on Pet-Owning Tenants
Housing Secretary Robert Jenrick wants landlords to let pet owning tenants off the leash by allowing them to have well-behaved animals in their rented homes. He has stopped short of making the move mandatory but wants to encourage more landlords to offer pet friendly...
Money Laundering Regulations Apply to Some Agents From January 2020
The The Money Laundering and Terrorist Financing (Amendment) Regulations 2019 are to commence on 10 January 2020 and amend the The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017. Before the 10 January 2020, the...
Don’t Deal With Rogue Letting Agents, Warns Watchdog
Housing watchdogs have warned landlords not to deal with rogue letting agents who are not signed up with a government redress scheme. Trading rules demand letting agents belong to an independent scheme that deals with customer complaints. The warning comes as The...
Cost of Living on Britain’s Most Expensive Street
Property investors looking for London streets paved with gold should look no further than Ilchester Place in the capital’s plush Holland Park neighbourhood. While the average house changes hands for £275,000, a home on the country’s most expensive street sells for...
What Does Boris Johnson’s Election Victory Mean for Landlords?
A glance through the Conservative manifesto reveals the plans Prime Minister Boris Johnson and his new government have in store for landlords. Near the top of the list is banning Section 21 no fault evictions. The process lets a landlord in England or Wales regain...
Ground Rent Landlords Urged to Take Misselling Action
Landlords saddled with hefty ground rent charges on homes they rent out are urged to sue their conveyancing landlords for giving poor advice. Around 100,000 new build homes – many owned by buy to let investors – are thought to be affected. In many cases,...
UK’s Top 25 Buy to Let Hot Spots
Property investment is all about location, location, location according to the experts. That’s why picking the right place to buy a home to rent out is so important. Specialist analysts at Aldermore Bank, a buy to let lender, have compiled a list of the places where...
Council’s £31,500 HMO Fine Slashed by Tribunal
A shared house landlord who was wrongly fined £31,500 by a council over alleged fire safety breaches putting tenants at risk has won a legal challenge to reduce the penalty to just £3,300. Tan Sandhu appealed the penalties to the First Tier Tribunal Property Chamber...
Delayed Commencement of Specified Information Regulations in Wales
We previously reported some regulations that had been laid in the National Assembly for Wales in relation to specified information requirements for holding deposits in Wales. The proposed commencement was 13 December 2019. It has just been announced that those...
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