Property118 | Author: Property118.com News Team - Page 112

‘Punitive tax regime’ forces investors to leave BTL...

Institutional and individual investors are moving away from buy to let and into multi-use buildings and because of the punitive tax regime against landlords, according to one firm of estate agents. ...

Call for better education for landlords to avoid deposit disputes...

The Association of Independent Inventory Clerks (AIIC) says that the number of deposit disputes can be reduced through better knowledge of what counts as ‘fair wear and tear’. They say that landlords...

Renters’ reform risks shrinking the PRS even further, says...

Propertymark has revealed that it has warned the Levelling Up, Housing and Communities Committee that England’s private rental sector (PRS) will shrink further if current plans for reform are carried...

Landlords urged to resolve succession planning – and avoid...

There is a ‘worrying lack of succession planning’ among older landlords, with half of those aged 45 or above lacking any long-term management plans, a survey reveals. The research also reveals...

DPS offers check-in tips and warns of ‘significant demand’...

The Deposit Protection Service (The DPS) has issued guidance on student property check-ins in anticipation of significant demand for rental properties this autumn. The UK’s largest protector of deposits...

Generation Rent calls for rent freeze to fight rising bills...

Campaign group Generation Rent is calling for the government to impose a rent freeze to fight the cost-of-living crisis. They have carried out a survey which shows that nearly half of private renters have...

London’s rental supply hit as landlords exit...

Growing demand for somewhere to rent in London, and a lack of supply, are pushing up rent prices, one estate agent has revealed. Research from Foxtons shows that rents in the capital have rocketed by 23%...

Tenancies that have ‘Bills included’ plummet by 90%...

Escalating energy bills has seen a collapse in the number of landlords offering a tenancy that has the ‘bills included’. That’s according to new research from lettings tech specialists...

Landlord leaseholders to get refunds from rip-off ground rents...

Action by the Competition Markets Authority (CMA) will see landlords who are leaseholders paying a doubled ground rent receiving a refund from the rip-off practice. And nine more companies will remove...

Landlord claims for malicious tenant damage rocket by 50%...

While the number of landlord insurance claims increased by 13% during the pandemic, those for malicious tenant damage were among the fastest growing causes of a claim, research reveals. And the firm’s...

London is home to a quarter of the nation’s HMOs...

Almost a quarter of all HMOs in England are located in London (24%), however, it is the South East and East Midlands that currently offer the most opportunities for investors. That’s according to...

Call for government action on gap between housing benefits and...

Low-income tenants across England are facing a ‘housing black hole’ due to soaring rents and the freeze on housing benefit leaving a huge shortfall in genuinely affordable homes, according...

Tenant search terms put ‘Bills included’ in first...

The effect that the rising cost of living and record rents are having on people searching for a new place to rent has been revealed – with news that ‘bills included’ has jumped into the...

Airbnb helps council to catch social housing sub-letters...

Airbnb is working with a council to stop social housing tenants from using the site to illegally sublet their homes. The short-term rental platform will give payment data to the Royal Borough of Kensington...

Property maintenance costs account for a fifth of rental income...

Landlords are being warned that their rental property maintenance costs now account for more than a fifth of the average rental income of a property. According to research by property maintenance solution...

One in four landlords will sell-up if ‘no fault’...

Government plans to abolish controversial section 21 ‘no fault’ evictions could lead to a quarter of landlords selling their property, research reveals. A poll of more than 700 landlords gauged...

Rent Smart Wales is ‘failing its users by closing phone...

The National Residential Landlords’ Association (NRLA) has hit out at Rent Smart Wales after concerned landlords contacted them to say the helpline service has been closed. As a result, NRLA contacted...

Right to Buy earns London’s councils £3.415bn in 10 years...

Over the last decade, more than 23,000 homes have been sold under the Right to Buy (RTB) scheme to London’s council tenants which equates to 5.6% of the total local authority-owned housing stock.

Haringey Council Selective Licensing Scheme Spells More Misery...

Haringey Council are the latest to introduce Selective Licensing, but this latest iteration of far too many Council’s preferred money grabbing scheme to swell their coffers includes additional EPC...

More than a quarter of landlords who evict tenants do so to sell...

It has been revealed that 26% of landlords who have issued a Section 21 notice of eviction to their tenants in the last 12 months have done so because they plan to sell their property. The survey was...

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