Government Right to Rent policy Central Housing Group

Government Right to Rent policy Is Not Landlord’s Responsibility

The immigration status and the government Right to Rent policy are never far from coverage in the media, and once again landlords’ responsibilities are rightly being questioned. The media is claiming that landlords, immigration lawyers and all parties’ MPs are extremely concerned that the Right to Rent scheme is deemed as racist and is causing some would be tenants are being disgracefully exploited. The JCW (Joint Council for the Welfare…

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40% of BTL properties as limited companies

40% of BTL properties as limited companies

Latest research from a specialist lender claims that over the next twelve months almost 40% of landlords will be mortgaging BTL properties as limited companies, with only 26% of BTL acquisitions being made by individuals. Those landlords who have a portfolio of four plus rented properties, 42% will be mortgaging a new property via a limited company; however it drops down to 31% of landlords with three properties. The research…

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Pet owning tenants Central Housing Group

Landlords Warned Against Pet Owning Tenants

A trade body of inventory clerks is warning agents and landlords that they should seriously consider whether it is in their own interests to rent out a property to pet owning tenants; if so they must take adequate precautionary measures to fully protect their investment. The association believes that because longer tenancies are becoming the norm, many renters will be in a position to have pets. A spokesperson for the…

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Property Tax Written On Blackboard With House Model On Calculator

Broker advises caution over buy to let incorporation

A specialist buy to let broker is urging landlords to tread with caution before jumping feet first into buy to let incorporation of their property business into a limited company. There’s been a surge in incorporations since the start of the phased reduction in landlords’ mortgage interest tax relief – forming a limited company is considered one way for buy to let investors to avoid this restriction. With lenders predicting…

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Prison sentence for buy to let property

Last Four Years Tenants Conned Out Of £22 Million

Since 2014 official figures show that tenants have been conned out of £22million by criminals who have posed as landlords. Action Fraud had been contacted by 18,645 tenants who had fallen prey to rental scams from April 1st 2014 to 31st March 2018, and its figures show that on average the victims of the scams had lost £1,396. Action Fraud the UK’s national fraud and cyber crime reporting centre is…

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Families Are Best Tenants Central Housing Group

Families Are Best Tenants

A trade body’s latest survey shows that families are best tenants for properties and have the least property maintenance and management time in comparison to other types of renters. More than 1,000 respondents took part in the research when landlords were asked in approximate terms how long they had to spend looking after their property with maintenance issues and other duties. The research states that landlords who rent their properties…

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London buy to let city Central Housing Group

London is UK’s second best buy to let city

We’re all for an optimistic interpretation of events but a new tool from comparison website GoCompare lists the UK’s top buy to let city locations – and puts London as number two, despite low yields and capital values dipping. This is despite the tool saying that capital appreciation for investors is now in negative territory and average rental yields are very low at 3.05 per cent. Manchester is ranked as…

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Buy to let properties Central Housing Group

Spot checks on buy to let properties

A PropTech company chief is backing the controversial idea of spot checks on buy to let properties in a bid to improve quality. North Somerset Council recently announced that it is introducing an initiative called ‘Rent with Confidence’ from October 1. The council will be focusing on Weston-super-Mare town centre, where it says a cluster of buy to let properties exists in poor condition. In response, the council has pledged…

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Better value rental homes Central Housing Group

Better value rental homes outside of London

Even when commuter fares are factored in, former London tenants are still finding better value rental homes in these home county areas. Generation Rent is voting with its feet, moving out of expensive London flats and into home counties rentals for better value rental homes and quality accommodation — finding that even when commuter fares are added in, they are still better off. Twenty- and thirtysomethings, who once only moved out of London…

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Government launches EPC consultation Central Housing Group

Government launches EPC consultation

The Government launches EPC consultation on energy performance certificates in buildings. The Department for Business, Energy and Industrial Strategy are seeking evidence on how EPCs are currently performing against three attributes, including quality, availability and encouraging action to improve energy efficiency. The EPC consultation, which can be accessed on the Government’s website here, is inviting responses by the 19th October 2018. Change in the law EPC’s are used to measure the…

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Bill for property condition

Bill allowing tenants to sue over property condition

A date has been set for the next stage of the Homes (Fitness for Human Habitation) Bill, concerning property condition, which is being promoted as a Private Members’ Bill by Labour backbencher Karen Buck but which has government support and is likely to become law. The Bill’s Report stage in the House of Commons is now scheduled for October 26. The Bill seeks to amend the Landlord and Tenant Act…

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Improved energy efficiency Central Housing Group

Buy to let investors have improved energy efficiency

Landlords are most likely to have invested in a boiler upgrade in the last 12 months and have improved energy efficiency of their rental properties according to a mortgage lender’s survey. Paragon – which interviewed 201 landlords over the past three months – says the move may have been in response to the government’s introduction of Minimum Energy Efficiency Standards on April 1. The new standards require landlords to achieve a minimum…

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Three-year tenancies could be announced next week

Speculation that three-year tenancies could be announced next week

Speculation is growing that three-year tenancies for private renters – long favoured by the government – could be announced as soon as next week. The Conservative-supporting newspaper The Sun says a decision will be made within days, even though there remains a formal consultation process on the initiative, open for responses until August 26. Now the Residential Landlords Association has warned the government not to announce any decision on three-year tenancies until…

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RLA supports Homes Bill Central Housing Group

‘You’re completely wrong’ trade body tells Tory-backing think tank

The conclusions of a new think tank analysing the private rental sector are “fundamentally wrong” according to a trade body. The Residential Landlords’ Association says the Conservative-supporting think tank Onward claims that at the end of 2017 buy to let lending was above the 2007 peak. In fact, the association says, new buy to let lending for house purchases has fallen from over 183,000 loans in 2007 to just 74,900…

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Buy-to-let landlords survival meter Central Housing Group

Buy-to-let landlords are a dying breed

Buy-to-let landlords are on the way out and Build To Rent will dominate the sector in the foreseeable future. That’s the view of Scott Marshall, managing director of specialist finance house Roma Finance. He says his firm is already seeing more and more Buy-to-let landlords using limited companies to maximise tax efficiencies on their investments, while individual landlords also have to face the welter of tax and regulation changes introduced…

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High quality 3d render of homes made out of dollar bills increasing in value

Market slowdown:UK inflation rises as London house prices record biggest fall since 2009

House prices in London have seen the biggest fall in nine years while UK inflation has edged up for the first time since November. Figures released today show a dip of 0.7 per cent in the year to June —​ the largest drop since 2009 when prices fell by 3.2 per cent —taking the average cost of buying a London home to £476,752. While average prices are now £2,100 lower than a month ago, a…

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Council block london

Building the boroughs:council-led construction boom to bring 25,000 new homes to London in next five years

Social mobility is at the heart of a new government Green Paper, published yesterday, which pledges to give council tenants the chance to springboard into home ownership. The paper’s authors say no tenant should feel stigmatised as a council renter and suggest allowing tenants to buy as little as one per cent of their home each year to begin home ownership. The plans have been criticised for failing to find…

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Elderly Renters Central Housing Group

Landlords Urge Government To Help Elderly Renters

The government has received immediate calls to help buy-to-let landlords to support elderly renters who feel the need for better security measures in their homes. A trade body issued their request upon the release of the DWP’s (Department for Works and Pensions) Family Resources Survey showing that the number of older renters had virtually doubled in the last decade. There are over a quarter of renters in their later 30’s…

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Three Year Tenancy Agreements Central Housing Group

Buy a home? No thanks, say one third of private tenants

A third of tenants are happy to rent long-term and have no plans to purchase a property in the future, new research reveals. The survey of 1,000 tenants found that 31 per cent do not even regard getting on the property ladder as importan, while 26 per cent state that they don’t want the responsibility of owning a home and love the freedom of renting. The majority of renters are…

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Button of mortgage text on red keyboard in closeup as financial and property concept

Hefty Rise In UK Landlords Choosing To Re-Mortgage

A banking group’s latest survey claims that there is huge rise in the number of UK landlords opting to remortgage their properties. The group’s intermediaries who took part in the survey said that in the first three months of this year, 52% of BTL applications were for remortgaging. This is a steep rise when compared to 2015’s 1st quarter of BTL applications when it was just 29%. However this was…

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