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London price growth hits seven year low, Index claims

Two fifths of postcodes across London are registering year-on-year price falls, according to the latest Hometrack UK Cities House Price Index. The annual rate of house price growth for the capital has slowed to +1%, down from 4.3% a year ago and the lowest annual rate of growth since August 2011. Average house prices are predicted to be falling year-on-year by mid-2018. By contrast, house price growth in regional cities…

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A 3D render of a housing dial pointing into the red. There are 5 coloured sections on the chart, the first segment on the left is green, second is yellow, third is light orange, fourth is orange and the fifth is red. In the centre of the gauge is a metal indicator that is pointing directly to the red section. Below the dial is written buy to let.

UK landlords power through despite BTL challenges

Buy-to-let (BTL) investors remain largely optimistic about the market in spite of Brexit uncertainty and increasing tax burdens for landlords, according to a survey conducted by Shawbrook Bank. Its annual BTL barometer found 65% of BTL investors are confident about the performance of their property portfolio in 2018, while 14% say they are concerned. This optimism stems from good tenant demand and high yields, with 21% of property investors experiencing…

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‘Rogue landlords should have their properties confiscated’

Shock recommendation is contained within report by parliamentary Select Committee published today on the private rented sector following three months of scrutiny. The parliamentary Select Committee that watches over housing has published its recommended reforms of the private rented sector (PRS) after months of evidence gathering from experts that began in early January. It’s been an exacting and detailed cross examination of the industry’s representatives and structure that is unlikely…

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Barking revealed as the top London location for rental yields

Barking has been revealed as the best place to invest in by London estate agents Portico. The agency, which can trace its history back to 1818, produced a rental yield Tube Map, which found that the East London town was the best location for landlords and investors looking for solid returns. The map analysed the top eight areas for rental yields in London. Below, Property Investor Today takes a quick look…

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Agents’ body brands secret database of rogue landlords “pointless”

ARLA has branded the government’s long-awaited database of rogue landlords as “pointless” because it will not be made public. The Ministry of Housing, Communities and Local Government is this week fulfilling a long-standing pledge to introduce a database of landlords described as “serious and prolific offenders.” Most are thought to have been serial offenders against local licensing schemes and in failing to keep their properties in habitable conditions. However, David Cox –…

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Red seal and imprint "FINED" on the sheet of open postal envelope. Isolated. 3D Illustration

Tenants get £7,638 compensation from property firm over pigeons

A property company that failed to repair a pigeon-infested loft has been fined a total of £31,026, including an order to pay £7,638 compensation to the tenants. A boyfriend and girlfriend couple complained to Brent council in May last year after their landlord, Adilsons Property Limited, failed to act on a complaint about pigeons roosting in the loft and a water leak in their ceiling. An enforcement officer investigated the…

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Council set to introduce spot-checks on conditions of rental properties

A council says it is adopting a new approach to proactively tackling poor housing conditions in privately rented homes in one town by introducing spot checks. North Somerset council says the initiative will be taken in Weston-super-Mare town centre following a review which discovered clusters of rented properties in poor condition in some areas of the town. In a scheme it is calling ‘Rent With Confidence’, the council says it will…

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buy-to-let market for central housing group

Revealed – the 10 best (and worst) performing locations for buy to let

pecialist buy to let lender LendInvest has looked at 105 postcodes across England and Wales to find the best (and worst) performing locations for buy to let investors. The lender assessed the locations on four key characteristics – capital value growth, transaction volumes, rental yield and rental price growth – so the results are perhaps less predictable than a league table drawn up from only one metric, such as yield…

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BTL sector still needs £400m expenditure to boost energy efficiency levels

The buy to let sector still requires £400m spending on improving the energy efficiency of its stock in order to conform with new MEES regulations which came into effect on Sunday. From April 1 landlords’ properties have had to have a minimum Energy Performance Certificate rating of E. While this will initially apply only to new tenancies and renewals before being extended to all existing tenancies by 2020, the latest industry…

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Rental Rights: Right to Rent scheme

Right To Rent ‘not demonstrating its worth’ says government inspector

The controversial Right To Rent policy has been attacked as having failed “to demonstrate its worth” in encouraging immigration compliance. Under Right To Rent, landlords, or agents acting on their behalf, are responsible for checking the immigration status of their tenants with the prospect of prosecution if they know or have “reasonable cause to believe”  that the property they are letting is occupied by someone who does not have the…

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More over 60s now renting, says Ageing Better report

A growing number of over 60s in the UK are renting, according to new research from the Centre for Ageing Better. It says some 414,000 older people in that age category are now privately renting, up from 254,000 in 2007. It estimates that by 2040 a third of people aged over 60 could be living in private rental accommodation. Girlings Retirement Rentals chief executive Gillian Girling, citing these latest statistics, says:…

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A 3D render of a housing dial pointing into the red. There are 5 coloured sections on the chart, the first segment on the left is green, second is yellow, third is light orange, fourth is orange and the fifth is red. In the centre of the gauge is a metal indicator that is pointing directly to the red section. Below the dial is written buy to let.

300,000 buy to lets could be caught in energy switch, Which? warns

The consumer group Which? says the new Minimum Energy Efficiency Standards starting next weekend could affect 300,000 buy to let properties. From April 1, privately rented homes in England and Wales must have a minimum Energy Performance Certificate rating of E. Initially, this will apply only to new tenancies and renewals, before being extended to all existing tenancies by 2020. That means that landlords will not legally be able to rent…

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Rent control for guaranteed rent specialists

64% of London tenants still target homeownership

Latest measure of confidence and intent shows two thirds of London’s private tenants still want to own their own home, despite confidence dip The Kinleigh Folkard & Hayward (KFH) London Tenant Barometer 2018 has revealed private tenants living in London still hanker after buying their own home. Of those questioned, 64% would rather own than rent, with only 25% of tenants happy to stay in rental accommodation on a long-term…

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Tenancy Deposit drama makes EastEnders episode

Row between a fictional landlord and tenant about damage to a rental property and the return of a deposit makes prime time viewing. EastEnders continued its tradition of tackling social issues head-on when it made a deposit dispute a key storyline. The recent depiction has been praised by the TDS (Tenancy Deposit Scheme), with the organisation saying it has brought to light important issues in the private rental sector. The plot centered on…

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Do You Recognise The Shape Of Your Borough?

We’ve set plenty of London quizzes in the past, but we think this might be our toughest one yet. Sure, you can point your borough out on a map of London, but what about when it’s on its own? We’ve cut out eight individual boroughs from a map of London — how many shapes can you recognise? Answers at the bottom of the page. Note: these images may not all…

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Red seal and imprint "FINED" on the sheet of open postal envelope. Isolated. 3D Illustration

Council hits buy to let investors with fines in licensing clampdown

Two landlords have been hit with hefty court fines for failing to comply with a local licensing scheme. The pair are the latest to be brought before the courts in Middlesbrough for falling foul of the North Ormesby Selective Landlord Licensing scheme which aims to improve standards in the private rented sector. Under the scheme all private rented properties in the area are required to be licensed by the council,…

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Universal Credit

DWP publishes guidance for Universal Credit claimants

The DWP has published a new guide which contains updated information for claimants of Universal Credit. The guidance, which can be accessed on the government’s website includes information on the way Universal Credit claimants are able to give consent for their information to be shared with another person. It also states that explicit consent is no longer needed if tenant is in arrears for APAs for Private Landlords. This change, which the RLA…

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Rent control for guaranteed rent specialists

Minister for PRS welcomes close working relationship with the RLA

The Minister for the PRS, Heather Wheeler MP, said that she welcomes the close working relationship with the RLA, while she was giving evidence to the Housing, Communities and local Government Select Committee continues its inquiries into the Private Rented Sector, and the draft Tenant Fees Ban Bill. During the evidence session, Ms Wheeler also said that she would welcome an alternative to licensing. Harrow MP Bob Blackman questioned Heather Wheeler…

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Low EPC rating? You may not be able to get a mortgage

Coventry Building Society has confirmed that it will not be lending on buy-to-let properties with EPCs that fall below an E rating – with other lenders expected to follow suit. Only properties with a valid exemption will be eligible for a mortgage if they are rated F or G, with the new rules to be implemented this Thursday (March 15). The building society said it will be updating its lending policy to reflect this.…

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The search is on to find the Landlord Of The Year

A quest has started to find the UK’s best landlord who goes the extra mile to ensure tenants receive the ultimate service. The title Landlord Of The Year will be awarded by home insurance provider HomeProtect, which is organising the search. The firm says that with five million homes in the private rental sector – and with the tenure expected to form 25 per cent of housing by 2025 –…

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