Landlords Facing £3m Coronavirus Rent Crisis
A coronavirus cash crisis is gripping the lettings industry as thousands of tenants have failed to pay rent during the lockdown. The courts face a backlog of more than 2,400 cases involving rent arrears of £3 million generated since the eviction ban started in March,...
Buy to Let Rents Still Rising Despite Coronavirus Impact
The impact of the coronavirus pandemic on the rental market seems minimal, according to the latest official figures. The Office for National Statistics says private tenants saw rents across the country rise by 1.5% in the year ending May 31 – the same rate as in...
Lawyer Fined £10,000 for Failing Offplan Property Investors
A property lawyer who did not outline the risks of staking cash in offplan buy to let investments was fined £10,000 by his professional body. David Hayhurst, senior partner of now defunct 174 Solicitors Ltd, of The Wirral, Merseyside, was handed the fine and a bill...
Regulations Allowing Viewings in Wales Published
The latest amended version of the The Health Protection (Coronavirus Restrictions) (Wales) Regulations 2020 have been published. As previously announced, they include provisions relating to moving home and ancillary services such as preparing a home for rent or...
Electrical Regulations for Landlords (England)
Update: The government has issued guidance for the electrical regulations Under Part 5 of the Housing and Planning Act 2016, provision was made to allow for legislation to be created for electrical safety standards in private rented property. The Electrical Safety...
When is an Electrical Report Required on a New Tenancy?
As previously reported, from 1 June 2020, new electrical regulations requiring periodic inspection and testing commenced for almost all rented property in England. However, there is some confusion when the “first” inspection and test report must be conducted...
Coronavirus Ban Eases for Landlords in Wales
Landlords in Wales can accept viewings and let tenants move if homes are empty as the coronavirus pandemic ban is partly lifted. The Welsh Government is still cautious about a resurgence of the disease but wants to try to return the housing market to normal as soon as...
Property Profits Fall for Landlords Selling Buy to Lets
Landlord property profits when they sell a rented home are dropping, according to the latest data. Property investors are thought to have sold around 150,000 homes in England and Wales during the past year making an average £78,100 gain. The analysis by property...
Five-Year Ban for Landlord Convicted of HMO Failings
A property tribunal has handed out England’s second banning order to landlord Mahmut Gilgil after his conviction for running an unsafe shared house above a kebab shop. Gilgil, 42, from Poole, Dorset, received a five-year ban that stops him renting out or managing a...
Section 21 and Gas Safety Record Before Occupation
The long awaited decision from the Court of Appeal for Trecarrell House Ltd v Rouncefield (2020) EWCA Civ 760 (18 June 2020) has today been published. This case is of significant importance because it considers whether a section 21 notice can be served if a gas safety...
Landlords Urged Not to Take Mortgage Holidays
Taking a buy to let mortgage payment holiday could trigger problems for landlords looking to remortgage or invest more money in their property businesses. Consumer champion Which? claims some lenders are rejecting mortgage applications if landlords have taken...
Property Raffles Are a Gamble for Sellers
This article applies to . Taking a chance on raising cash from raffling a home could end up with the owner facing illegal lottery charges. More couples are raffling their homes by selling tickets to enter a free draw. The latest are a couple near Criccieth in Gwynedd,...Test Shortcode
Property Passports Move Closer as Secret Data Revealed
This article applies to . Tracking how landlords keep private rented homes is about to become easier as the government issues every property with a unique reference number. The government already uses confidential Unique Property Reference Numbers (UPRNs) to tag...Coronavirus Guidance
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