Legal warning over ‘honesty’ of grounds for possession

There’s been a warning that tenants should not be deceived when a landlords wants possession of their property. Lindsays law firm says Scotland’s first Wrongful Termination Order should act as a wake-up call for private rental sector landlords not to claim they plan to move into a property when they have no intention of doing so. And it says the case hammers home the fact that aggrieved former tenants have…

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Stamp Duty surge in house prices means more tenants keep renting

Research by Hamptons suggests that the increased house prices caused by the stamp duty holiday sales surge has indirectly obliged more tenants to stay renting – because they cannot afford larger deposits. That’s the analysis by Hamptons in the agency’s latest rental market snapshot. This continued demand for rental property has occurred at the same time as supply has plummeted. Aneisha Beveridge, head of research at Hamptons, says: “This year we’ve…

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Affordable Homes Central Housing Group

The radical change that’s being made to plans for Hammersmith’s tallest building

The 23-storey hotel would have been the tallest building in Hammersmith, but has been shelved The developer whose plan for a 23-storey hotel invoked a backlash from Hammersmith residents is instead looking to build student halls. Due to the drop in international tourism and business travel, Dominvs Group has revealed that banks are currently unwilling to lend money for the hotel scheme. While the company has not fully abandoned this…

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Angry Reaction As Perceval House Development Approved

Green light for 26 storey tower block despite 2,000 objections A virtual meeting of the Ealing borough planning committee finally approved the controversial Perceval House development this Wednesday night (10 March). The live stream of the discussion and vote was plagued with technical problems but seven councillors voted for the scheme with three against (Cllrs Young, Sumner, Conlan) three abstained (Cllrs Anand, Wall and Busuttil). The approval came despite over…

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Government launches EPC consultation Central Housing Group

New EPC targets may stifle buy to let investment, says ARLA

ARLA Propertymark is warning the government that new energy efficiency targets for EPCs could stifle buy to let investment in future. In a response to an official consultation, the organisations says lending criteria by mortgage firms with buy to let customers may not coincide with proposals to get landlords to fund energy efficiency improvements. For example, the government proposes an average target of EPC band C by 2030 for properties,…

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Government reveals details of arrears mediation scheme

The government has at last released details of its mediation scheme – this was hinted at when Housing Secretary Robert Jenrick last extended the ban on bailiff enforced evictions in February. Now the Ministry of Housing, Communities and Local Government has issued details. The mediation pilot is free to use for landlords and tenants and will involve as a third party a trained neutral mediator, independent from HM Courts and Tribunals…

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Private Rented Sectors Central Housing Group

New EPC targets may stifle buy to let investment, says ARLA

ARLA Propertymark is warning the government that new energy efficiency targets for EPCs could stifle buy to let investment in future. In a response to an official consultation, the organisations says lending criteria by mortgage firms with buy to let customers may not coincide with proposals to get landlords to fund energy efficiency improvements. For example, the government proposes an average target of EPC band C by 2030 for properties,…

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Buy To Let Tax Central Housing Group

Are you one of them? Two thirds of landlords fed up with higher taxes and red tape

Tougher tax rules and red tape have caused two-thirds of landlords to consider investing outside the private rented sector in future. New research from FJP Investment reveals that the market has lost its appeal for many, with 68% of multiple property owners reporting that buy-to-let investments have become far less attractive during the past five years. The survey of 1,004 UK landlords and property investors, of which 344 own two or more properties, found…

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Alternative Payments Arrangement Central Housing Group

Government’s annual housing benefit bill rises to £30 billion

The government is expecting to spend and eye-watering £30 billion on housing benefit for tenants this year, DWP minister Will Quince has told parliament. This figure is £8-10 billion more than the Office for Budget Responsibility forecast would be needed for 2020/21 before the pandemic struck and reflects the huge financial strain the welfare state is under during Covid. Quince’s answer came in response to questions from several MPs in parliament who…

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Private Rental Landlords Central Housing Group

Agents reminded about ‘Breathing Space’ laws effective from May

ARLA Propertymark is reminding agents about the controversial Breathing Space legislation coming into effect on May 4. The new rules are known as the Breathing Space Moratorium and Mental Health Crisis Moratorium) (England and Wales) Regulations 2020 – approved by MPs in the middle of the Coronavirus crisis, in October 2020. They pause enforcement action on specific individuals from creditors – including of course letting agents – and have the effect…

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High Street bank set to become major UK landlord by the end of 2021

A report in the Financial Times over the weekend suggests that Lloyds Bank is poised to become a major residential landlord, using new-build and existing properties to enter the private rental sector. The FT’s retail banking correspondent Nicholas Megaw says a document called ‘Project Generation’ exists within Lloyds, outlining proposals to buy and let out homes across the UK, with the first tenants in by the end of this year.…

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Property Ombudsman Central Housing Group

Two-thirds of landlords say buy-to-let has lost its appeal

A new independent survey of more than 340 UK-based landlords has uncovered the diminishing appeal of the buy-to-let market. It found that: 68% of multiple property owners believe buy-to-let investments have become far less attractive over the past five years 71% feel the Government has unfairly targeted landlords through tax reforms and new regulations 44% intend to sell one or more of their properties in 2021; yet the same number…

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Eviction Ban Extension Central Housing Group

‘Kick in the teeth’ for landlords as No.10 stalls on waiving eviction renewal fees

Bailiff evictions are facing delays and extra expense as thousands of already sanctioned warrants tick over the 12 months mark following the multiple ‘ban extensions’ announced by the government since the pandemic started. This is because bailiff warrants granted to evict tenants a year ago will now have to be reissued. This will require bailiffs to fill in the paperwork again (an N325 Warrant Possession Request form and an EX97A…

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Beware stamp duty holiday ‘postcode lottery’, landlords warned

Landlords should think carefully about the location of their next purchase to avoid the rush of residential buyers trying to beat the stamp duty deadline. Despite the tax holiday having been extended until the end of June, buy-to-let broker Mortgages for Business reports that many lenders are currently struggling to get mortgages approved where local authorities – often hit by pandemic-related staff shortages – are dragging their feet, with some…

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Pet owning tenants Central Housing Group

Landlords must get ready for a ‘pets-friendly PRS’ or risk huge bills

Mishandled pet tenancies could cost landlords thousands of pounds in repairs, warns inventory services provider No Letting Go, whose CEO Nick Lyons says ‘blanket bans’ on pets will soon be a thing of the past. Those who allow pets in their properties should get good insurance, compile a detailed inventory and make regular inspections to avoid being caught out, he says. As well as the obvious need for extra cleaning…

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Building Safety Central Housing Group

Churchill House Development Plan Submitted

74 flats in buildings up to seven storeys high proposed on Windmill Road An application to build 74 new flats on the site of an industrial building on Windmill Road has been submitted to Hounslow Council. The proposal is to develop Churchill House, which is just to the south of St. Faith’s Church, into two blocks, one seven storey high with a roof terrace on top and another ranging up…

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Rents rising everywhere – except London

The UK’s average rent is now £984, showing a three per cent increase on last year according to HomeLet. But there’s a yawning gap between London and the rest of the country. Rents outside London are growing at the highest rate ever: when London is excluded, the UK’s average rent is £840, showing an increase of 6.2 per cent on last year. Ten of the 12 UK metropolitan regions monitored by…

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Agents’ anger that Budget didn’t offer cash help for rental sector

The Association of Residential Letting Agents says it’s disappointed the Budget failed to address the funding of the private rental sector. “Extending the increase to the Universal Credit Standard Allowance and the furlough scheme until September will help tenants plan ahead but much more is required to avoid a mounting crisis in the private rented sector” explains Timothy Douglas, policy and campaigns manager for Propertymark. He continues: “As the impact…

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London Room Rents Central Housing Group

The 10 top-selling London areas where first-time buyers are flocking this winter

Buyer demand is still high but some sellers are holding off until spring, sending these local London markets soaring. Almost two-thirds of London can be classified as being in a buoyant sellers’ market, despite the third national lockdown and slow easing of restrictions — as set out in the Prime Minister’s roadmap this week. According to new research exclusive to Homes & Property, 61 per cent of postcodes are in…

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Cash For Rental Sector Central Housing Group

London rental demand drops by up to 43 per cent, as students and Airbnb tourists stay away

While commuter belt interest has soared, London’s estate agents say that it is the halt in the international market that is as much to blame. Demand for rented properties in London has dropped by as much as 43 per cent in the last year while demand in the commuted belt soared, a new study shows – but the capital’s estate agents say that this is as much to do with changes to…

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