A letting agent has to pay £20,000 for handing shared house tenants licences instead of tenancy agreements in what is thought to be the first prosecution testing the issue ever.

Property investors are among the country’s wealthiest individuals – and those born before 1966 are the best off of them all, according to a new report.

Landlords and letting agents are often accused of working in an unregulated market – but their critics fail to realise more than 145 property laws tie their businesses in red tape.

Finding out a tenant has sub-let a room in your buy to let to a lodger is worrying for some landlords.