Annual Rents Fall Central Housing Group

Company PRS Landlords Now Have 640,000 Homes

According to an estate agent chain’s recent report, around 12% of BTL properties are owned by private companies brought about by tax changes. Their researched figures found that 641,480 private rental homes are owned by company landlords across the UK. It is more than likely that the majority of landlords operating in the capital will do so under the umbrella of a limited company. The estate agents says that the average new let rents in…

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Millionaire Buy To Let Landlord CHG

Landlord Fined £25,500 – Removed Roof Whilst Tenants Living In Property

Brent’s council enforcement officers found a rogue landlord housing 25 tenants in a single dangerously overcrowded property. The landlord was subsequently prosecuted and found guilty of extremely serious housing and safety breaches, and was ordered to pay a £25,500 fine. The officers were called to the three story house in Kilburn by surrounding neighbours who were sick and tired of the properties’ constantly overflowing rubbish bins that created an outbreak of rats.…

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PM Johnson Has No Plans To Encourage BTL Sector Activity

Overall the majority of UK landlords have no trust in Prime Minister Boris Johnson delivering any breakthrough plans to encourage the BTL activities” growth. The latest survey from a sector website found that 70% of landlords that took part in the poll, believe that the new PM will not bother to reverse the unfair and punitive tax measures to significantly encourage a buy-to-let increase in housing stock. Around three hundred landlords took part in…

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Government’s New Right To Rent Guide Could End Up With Landlords ‘Nicked’

A trade body warns landlords that they could end up breaking the law if they follow the government’s new guidance. Landlords are told that they only need to see an airline ticket and passport for Nationals from Australia, Canada, Hong Kong, Japan, Singapore, South Korea and the United States who are planning to stay on the UK for up to six months. According to the new guide landlords no longer…

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Top London Boroughs For First Time Buyers Central Housing Group

600,000 Landlords Seriously Considering Leaving Private Rented Sector

Hundreds of thousands of landlords are fed up with the government’s tax changes, and the ever increasing rules and regulations for tenants taking up so much of their time that they are seriously considering throwing in the towel and selling up. According to a landlords insurer’s report 41% of England’s 1.5 million landlords approximately 600,000, are contemplating leaving the sector. The firm says that landlords have to give up so…

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Tax changes prompt landlords exit and rents rising, says survey

One in six landlords is seeking to reduce the size of their portfolio in the next 12 months and around half of all buy to let owners believe the recent tax attack on the private rental sector is leading to a reduction in investors. The survey, by intermediary operator The Mortgage Company, shows that 16 per cent of landlords looking to reduce the number of properties while 50 per cent…

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Council uses drone to identify illegal rental ‘beds in sheds’

A council has used a drone with a thermal imaging camera to identify illegal ‘sheds’ where tenants are being rented beds in cramped and unsafe conditions. Oxford council began proactively targeting these structures in January 2018 following a grant of £274,942 from central government – the cash has also funded three full-time members of staff for two years. The government funding has enabled the team to visit over 1,000 suspected…

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Section 21 – Liberal Democrats to debate call to scrap landlords’ rights

The Liberal Democrat conference, which begins on Saturday, is to debate a resolution calling for the scrapping of Section 21 – precisely the same as the government is proposing. The party conference agenda has almost no other reference to housing during its four days of debates but on Tuesday morning, shortly before Jo Swinson’s first speech as party leader, the delegates in Bournemouth will be debating under the subject: “Reforming…

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More power for landlords? Two largest trade bodies to merge in New Year

The two largest landlord trade groups are to merge. The National Landlords Association and the Residential Landlords Association will unite to form the National Residential Landlords Association with a membership of more than 80,000 landlords making it by far the largest organisation in the sector. Its members will own and manage half a million properties, about 10 per cent of the private rented sector. The merger has been endorsed by…

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Government tax survey

The Office of Tax Simplification (OTS) is asking for landlords’ opinions on tax reporting and payment arrangements. The OTS is an independent adviser to government suggesting changes that will make the tax system easier to navigate.The survey is runs until September 20. To share your opinion on the system – and what could be done to improve it click here. Blog Post from Residential Landlords Association See details of our Guaranteed Rent Scheme…

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Local Licensing Scheme Central Housing Group

Victory for RLA as Hounslow Council u-turns on licensing

Hounslow Council has u-turned on plans to bring in a licensing scheme for landlords following representations by the RLA and Safeagent. Plans for an additional licensing scheme for landlords were passed by the local authority’s cabinet in July. In response to this the RLA threatened the council with judicial review on the basis that the consultation it ran to establish the scheme was flawed. Issues included: A failure to provide…

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Labour Right-to-Buy plan would kill off PRS

Labour plans to force landlords to sell homes to tenants for less than market rates would kill off the private rented sector, says the RLA. Shadow Chancellor John McDonnell has today proposed a new ‘Right-to-Buy’ scheme for private sector tenants to tackle what he describes as the “burgeoning buy-to-let market” and the problem of landlords who do not maintain their properties. McDonnell said that, should Labour win the next election,…

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Fees ban has led to surge in tenants on the move, says franchise giant

The tenant fee ban in England has led to a surge in demand from tenants for properties according to Belvoir. The franchise giant’s private rental sector survey for the second quarter of this year shows a dramatic increase of 32 per cent in demand in July 2019 when compared to the same month of last year. “As uncertainty over Brexit continues, and tenant demand increases, we hope that the government…

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Food banks HQ links with lettings group to combat Universal Credit arrears

The Trussell Trust, which coordinates the vast majority of the food banks around the UK, is working with the National Landlords Association to highlight problems caused by benefit claimaints’ five weeks wait for Universal Credit. In a blog post announcing the link, NLA policy and public affairs officer Jake McKey says the association’s research has revealed that 86 per cent of landlords letting to tenants on Universal Credit experienced rent…

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Up they go: Fees Ban already producing record numbers of rent rises

The number of tenants experiencing rent rises increased to the highest figure on record in July according to data just produced by the Association of Residential Letting Agents. No fewer than 63 per cent of agents witnessed some of their landlord clients increasing rents during July – this is a 15 per cent increase from June which was itself a previous record high. Back in July 2018 the proportion of…

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Universal Credit Claimants Central Housing Group

New Universal Credit research for the RLA

New Universal Credit research for the RLA This week we published the findings of new Universal Credit research for the RLA. The research, which can be read here, reveals that: 54% of those private landlords who have let to tenants on Universal Credit in the past 12 months have seen them fall into rent arrears Of these, 82% said that the arrears only began after a new claim for Universal Credit…

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Universal credit ‘forces tenants into rent arrears’

Universal credit is causing tenants to fall behind with rent, according to the Residential Landlords Association. It said 54% of landlords had seen tenants on the benefit fall into arrears in the last year. Debt charity Turn2Us warned universal credit will lead to “more rent arrears, more evictions and more homelessness”. But the Department for Work and Pensions (DWP) said landlords had reported seeing fewer claimants in arrears in the…

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Universal Credit Claimants Central Housing Group

Landlords urged to ‘fight’ to protect their rights to legitimately repossess properties

Buy-to-let landlords are being encouraged to back a legal case aimed at protecting their rights to repossess properties by making a financial contribution through a Crowd Justice website. This follows a recent court case in which a landlord’s attempt to regain their property was deemed invalid due to a dispute over a gas safety certificate. After the landlord was initially granted an order to repossess the property using Section 21 powers, the…

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Labour’s buy to let sell-off could lose landlords over £18,000 each

More details have emerged about Labour’s controversial proposal to allow private rental tenants that right to buy their landlord’s property, at a discount – even if the owner does not want to sell. On the BBC One Marr Show yesterday, the architect of the policy – Shadow Chancellor John McDonnell – said that his party would ensure there was a “fair price assessment” of any buy to let property which…

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Longer tenancies: government could announce decision as soon as next month

Housing minister Esther McVey has hinted that the government may finally decide as soon as next month on whether to introduce longer minimum period as part of reforms to the Assured Shorthand Tenancy system. October 12 is the date when a 12 week government consultation closes on, amongst other things, abolishing Section 21 which would have the effect of making tenancies open-ended. It is thought in Whitehall that the government…

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