By Allison Thompson, National Lettings Managing Director, Leaders Romans Group
Over recent years, as successive governments have tightened lettings legislation and increased the tax burden on landlords, some with investment properties have reduced their profits. And now, with the cost-of-living crisis, mortgage rates at their highest level for well over a decade and the Renters (...
Landlords’ rights to reclaim their property after tenant misconduct are to be strengthened thanks to a forthcoming law. First announced in the Queen’s Speech in December 2019, the introduction of the Renters Reform Bill represents a key moment in the evolution of the rental sector.
What the New Legislation Proposes
The bill’s primary objective is to establish a fair and...
In the past year there have been many claims that the days of the amateur landlord making a profit on a buy to let (BTL) property investment are over. But that is far from true, according to research of the landlords themselves by property services specialist Leaders Romans Group (LRG).
In early February, LRG surveyed 271 landlords across its country-wide estate agency brands, from...
Market analysis from Ocasa , the specialist rental platform, reveals that, in Britain’s fastest-moving rental markets, up to 30% of homes are snapped up by eager tenants within two weeks of being listed.
Britain’s rental market has flown somewhat under the radar in recent times with the sales market garnering the majority of media coverage and political debate. Without much attention...
Since the government launched its Let Property Campaign in 2013 – an initiative which allows landlords to declare unpaid tax in return for a discounted penalty - more than 58,000 disclosures have been made to the authority and approximately £250 million has been recovered in unpaid taxes.
Despite this success, HMRC has been intensifying its efforts to track down landlords with...
Rent rises could finally be set to slow down because more housing stock is becoming available due to the cost of living crisis, a property expert has warned.
A report last week revealed rents are outstripping inflation in more than a quarter of Britain's local authority areas.
According to Zoopla, prices have rocketed by at least 10.1pc in 102 council districts as tenants...
Eddie Hooker, CEO of the Hamilton Fraser Group, who operate industry schemes such as Total Landlord Insurance, the Property Redress Scheme and Client Money Protect says:
“Having waited three years for this White Paper, we had a good idea of what the rental reforms would look like, and I welcome the Government’s intention to improve the...
In 1995, the average house in the UK cost £104,000 - that’s adjusted for inflation, so the price-tag was lower. Twenty-five years later, the figure was £240,000[i]. The government responded with targets for housebuilding, with the rationale being that more housing supply should keep down prices. But, are we not missing something?
The UK has 238,000 homes that have been empty for six...
Rentd is the newly launched property platform that finds and secures tenants for landlords at a fixed fee of just £799 including VAT, only payable once let. That’s a considerable saving compared to the typical commission of £1,750 and one that can help boost buy-to-let profit margins following a string of government legislations designed to do the opposite.
