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

£12,000 fine for illegally letting out London basement

A buy to let investor has been fined over £12,000 for illegally renting out a basement underneath an outbuilding at his property. It followed an investigation by Hounslow council in west London. Landlord Gurcharan Singh was issued with a warning in 2013 by the council to take the basement out of residential use. Singh ignored further warnings and continued to rent out the basement until early 2017. The property was found…

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Sales of flats collapse due to lack of demand from FTBs

First-time buyers in London are taking a step back to wait for a reasonable deal, causing a lack of demand in the capital, estate agency James Pendleton has found. Sales of flats across London have dropped 47% since June 2016. The over-estimation of the London market means buyers are reluctantly waiting for prices to drop to more desirable levels. Fluctuations in buying activity among first-time buyers – despite flats being…

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Carbon Monoxide Alarm Attached to Wall in House.

Call for carbon monoxide alarms to be fitted in all properties to let

Almost a third of renters in the UK do not have a life-saving carbon monoxide alarm in their property, with four in five unaware that it is their responsibility – and not their landlord’s or agent’s – to provide one. The ‘Carbon Monoxide Be Alarmed!’ campaign says private renters are still at risk of carbon monoxide poisoning nearly two years after legislation aimed at protecting private tenants came into effect.…

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private rental tenancy agreement

Countrywide reports record exodus of private tenants from London

Countrywide says a record 64,672 tenants left London over the last 12 months with an unusually-high proportion going on to rent elsewhere. Some 78 per cent, or 50,406, left to rent another home outside the capital with the remaining 22 per cent or 14,266 leaving to buy a home. Countrywide says this a significant shift from a decade ago when the majority of tenants moving out of the capital did so…

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Timely Reminder After Newham HMRC Crackdown – Landlord Jailed For Non Payment Of Tax

PIMS comment: We recently covered a story where it was claimed that nearly 50% of landlords in Newham had not disclosed their true taxable income click here if any at all. This story shows that the HMRC may take their time in prosecutions however it is more than likely that it is targeting the private rented sector. Although this is story is a different type of case the HMRC has…

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Cheapest London areas central housing group / House prices rebound in June

Parliament Agree To Debate Tenant’s Credit Score To Help Home Ownership

Parliament has just announced that it will debate if private tenants have a good history of paying their rent on time whether it should boost their credit ratings so they can eventually become home owners themselves. This could mean that tenants could have their rent payment history taken into account when applying for a mortgage. The debate was announced after a petition on the issue gained 147,307 signatures, which is…

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Stamp Duty logo for lettings investors

Britain Landlords Worse Off Than Majority Of European Countries

According to a recent story in The Telegraph, the UK is one of the worst EU countries for buy-to-let investment because of the intolerable stamp duty hike. In the last twelve months the UK has plummeted down ten places in the EU league table for the best countries to invest in buy-to-let property from 15th to 25th. The research also shows that UK landlords’ average yield has fallen down from…

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Bedsits for Central Housing Group

Landlord Fined £200,000 For Housing Tenants In Dreadful Properties

A landlord who put his tenants’ lives at risk was found guilty of failing to comply with houses in multiple Occupation (HMO) regulations and ordered to pay over £200,000 in fines. The landlord and a property company were ordered to pay the fine at Westminster Magistrates Court after the Royal Borough of Kensington and Chelsea and Westminster councils’ successful prosecution. It was ruled that he and the company had housed…

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Universal Credit

FREE Universal Credit CPD Training For Landlords

Universal Credit is by far the largest ‘shake-up’ of the benefits’ system that the whole of the UK has ever known and will affect over 12 million people and has already had a major impact on the private rented sector due to rent arrears. The majority of press coverage on Universal Credit has focused on jobseekers but according to government figures there are under 2 million people claiming this allowance.…

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Buy to let mortgage calculator

Buy-To-Let Being Considered By More Future Retirees For Their Later Years

An income and equity release specialist’s recent research claims that over 10% of the 50 + age bracket, are seriously considering entering into the private rented sector by purchasing a buy-to-let property to fund their retirement. If this is the case then it could mean that upon hitting retirement there could be 1.3 million new landlords. From the survey 50% of those who said they could become landlords that what…

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For Rent sign is Buy To Let Investment

Landlord Tarred As Gone ‘Rogue’ Intends To Sue Council

Brent Council may be sued by a landlord for defamation of character by being publicly denounced as a Rogue Landlord through no apparent fault of his own, when his three bedroomed property was discovered to be housing thirty five men. The residents were living in appalling conditions in the property as every room was full crammed of mattresses and bedding, except for the bathrooms. Even a mattress was discovered in…

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Cash and calculater for mortgage adviser

‘In a year, not one payment correct’: a council tenant on the misery of universal credit

The government has been warned by councils, charities and now even its own backbenchers that universal credit is a social policy disaster. But how does it feel to be on the receiving end of this controversial benefits overhaul? In the video, visually impaired council tenant Jo King, who lives on Newcastle’s Newbiggin Hall Estate, talks about dealing with delays and miscalculations ever since she was moved on to universal credit over…

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Get in quick:where to buy in west London near Crossrail stations set to halve journey times and double house prices by 2020

Head west from anywhere in central London and you are pretty likely to hit Ealing. A vast, 13,590-acre expanse covering three postcodes, it is one of the capital’s best-known bookend boroughs, second only to Hillingdon as an outermost city boundary. The Ealing border starts just north of Chiswick, runs up past Hammersmith, skims Willesden Junction in the north east, snakes across beyond Northolt then down to Norwood Green in the south west. But despite the borough’s size,…

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Westminster debate on letting agents fees

Stop Press: Tory Party Conference Announcement On Tackling Rogue Landlords, Fees And New Housing Court For Private Renters

Sajid Javid the Communities Secretary released details of the party’s new plans to give private renters greater protection against rip off fees from Agents and Landlords, prior to his speech yesterday at the Conservative party annual conference. As part of the plans he disclosed that that the party will be undertaking discussions with the judiciary about introducing a new Housing Court where tenants can challenge their landlords for a ‘faster,…

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Residential Landlords Association rental payments

Corbyn Promises Rent Control

In the last day of the Labour Conference (Wednesday 27th) Jeremy Corbyn has pledged that when in No.10 Downing Street he will give cities their own powers to introduce rent controls across their boundaries. At the Brighton conference Jeremy Corby gave his figurehead speech as Labour’s party leader in which he pledged when he becomes Prime Minister there would be “no jacking up rents. On the subject he addressed the…

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Universal Credit

MPs to debate impact of Universal Credit on private rental sector

MPs today discuss the impact of Universal Credit on the private rented sector, in a debate prompted by the Liberal Democrat’s Work and Pensions spokesperson, Stephen Lloyd. To mark the debate the Residential Landlords Association has released research finding that 73 per cent of landlords still lack confidence in renting to tenants on the Credit due to uncertainty that they will be able to recover rent arrears. In one example…

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arrears or debt concept with stamp in office

Over A Third Of Universal Credit Tenants In Arrears

Over a third of landlords that ‘house’ tenants who are claiming Universal Credit, when replying to a survey, said that they are experiencing rent arrears, which has risen by 10% from the previous year. The survey was carried out by a trade body and 3,000 private landlords respondents who have ‘Universal Credit tenants’, nearly four out of ten (38%) said that they had to cope with rent arrears, an increase…

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Longer term lets Central Housing Group

Major buy to let lender extends tenancies policy to 36 months

One of the lettings sector’s biggest lenders, Santander, is allowing its buy to let landlord borrowers to offer assured shorthold tenancies of 36 months, up from 12 months. This is in line with increasing pressure from government and other institutions to encourage more flexibility in the sector. The bank’s announcement is intended to give tenants added security by allowing rents to stay at the agreed level for longer, enabling them…

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direct payment and Universal Credit Alternative Payment Arrangement logo

DWP update Universal Credit guide for landlords

Landlords with benefits tenants can access a new, updated guide to Universal Credit. The Department for Work and Pensions has reviewed the guide with more information on Universal Credit full service and live service areas and a Frequently Asked Questions section. Other sections of the guide that have been updated include the section about notifying landlords that tenants are claiming Universal Credit, and the section detailing support and alternative payment arrangements. The RLA is calling…

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Key with keyring for interest-only mortgage

Scrap MIR changes – RLA budget submission pulls no punches

Axing its controversial cuts to mortgage interest relief would be the best way for the government to support the country’s small-scale landlords, says the RLA. In its submission, ahead of the 2017 budget on November 22nd the association said the government should follow the lead of Ireland by scrapping the changes. It is calling for action on the mortgage lenders who prevent landlords from offering the ‘family-friendly’ longer tenancies that some…

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