House prices in the UK experienced their biggest drop in 14 years in November, reflecting the "volatility" in the housing market.
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Plans to simplify tax for landlords
The Office of Tax Simplification published its "OTS Property income review: Simplifying income tax for residential landlords" this month, so what does it mean for landlords in Stockport and Manchester?
Government says private rented sector reform ‘will happen in 2023’
The Housing Secretary, Michael Gove said that the government will fast-track private rented sector reform in 2023.
What the Autumn Budget means for landlords
Latest Chancellor, Jeremy Hunt presented the Autumn Budget 2022 last week, aiming to "tackle inflation and keep mortgage rates down". So what measures where announced that impact landlords?
Gove hints that there may be Government help for the rental sector
Financial assistance for private tenants faced with increasing rents is one of a number of possible Government initiatives "on the table" according to Michael Gove, the new Secretary of State for Levelling Up, Housing and Communities.
Ban on Section 21 evictions to be dropped?
Reports are emerging that the controversial plan to stop landlords evicting tenants under Section 21 laws may be abandoned by the new housing secretary, Simon Clarke.
Better to rent than sell?
Higher mortgage rates are reducing buying power and with the prospect of more to come, landlords that want to sell their property this year need to price realistically, as affordability will likely reach a crunch level in 2023.
October sees the end of Adjusted Right to Rent checks
October sees the end of Adjusted Right to Rent checks which were introduced during COVID, with tenancy applications and repeat Right to Rent checks returning to manual face-to-face checks for UK and Irish citizens and digital checks for overseas nationals using the Home Office’s share code system.
New PM, Liz Truss hints at Section 24 repeal
New Prime Minister, Liz Truss has hinted that the Government is minded to repeal Section 24, which would be a great boost for private landlords.
New smoke and carbon monoxide safety regulations enforced from October 1st
Landlords should be aware that the new safety regulations concerning carbon monoxide and smoke alarms will be enforced from October 1, with fines of up to £5,000 for non-compliance.
Tenants can check landlord compliance with new property portal
Tenants will be able check their landlord's compliance with a new online property portal that was promised as part of the Government's ‘A fairer private rented sector’ White Paper published in June 2022.
Neglecting to make an inventory puts landlords at financial risk
Landlords are increasingly neglecting to take an inventory before they rent a property, potentially leaving themselves open to financial risk.
Court delays leave landlords out of pocket
Legitimate, responsible landlords are becoming frustrated with a legal system that leaves them waiting month after month for a hearing and then, when possession is finally granted, having several more months of grief as they wait for a court-appointed bailiff to become available.
Smoke and carbon monoxide alarm regulations amended
The new "Smoke and Carbon Monoxide Alarm (Amendment) Regulations 2022" means that landlords must ensure both smoke alarms and carbon monoxide alarms are properly installed in their properties, with fines of up to £5,000 where a landlord fails to comply.
TV star joins forces with Propertymark, the UK’s leading property regulatory body
Propertymark, the professional body for property agents in residential and commercial sales, lettings and auctioneering has revealed its exciting teaming with TV personality and property expert Phil Spencer’s Move iQ.
A Fairer Private Rented Sector
The government has released the full details of what it calls the Fairer Private Rented Sector White Paper. This is to form the basis of a Bill to out its reforms into law. The bill outlines a number of radical changes to the rental landscape.
LettingsONE sponsors ‘the circus with a purpose’
LettingsONE has sponsored the 'circus with a purpose' with tickets for the Stockport show which are offered to disabled and disadvantaged children and their families for free.
Changes to the Private Rented Sector in 2022
We are tracking the latest developments in the laws and regulations affecting the property market, and how they will impact on landlords. Here's a rundown of the nine key issues facing landlords in 2022.
Tenants lean on “Bank of Mum & Dad” to make ends meet
The cost-of-living crisis is leading to a greater dependence on the Bank of Mum & Dad, following an extended period of support given during the pandemic, according to research from Saga Equity Release.
A new landlord ombudsman – what does this mean?
The Government has set out plans to reform the private rented sector in England, including the creation of a new ombudsman for private landlords.
How landlords can become more sustainable
Climate change is an issue that every industry faces, and with sustainability becoming ever higher on the agenda, its a challenge that landlords need to embrace.
Use registered, qualified contractors to protect your interests
A property management company has recently been fined £40,000 after a homeowner sustained burns when gas escaping from an open-ended pipe ignited.
Rent reviews: time to act for landlords?
If you're unsure if the rent you charge and the yield you achive is correct, maybe it's time your property had a rent review? And if you're unsure about the best way to go about implementing a rent increase, we can help.
Social housing white paper to drive up standards
The government has announced a raft of social housing reforms this week in its Social Housing White Paper in a drive to give residents a stronger voice and to drive up standards.
Landlord or tenant: How does the budget affect you?
The spring budget, together with new regulations and new legislation expected within the private rental sector, leaves many landlords and tenants staring down the barrel of uncertainty.
What should you look for when investing in property in 2022?
As the world moves on and adapts to the 'new normal' post-pandemic, it’s important that landlords do too when looking at their property investment options.
Carbon Monoxide alarms – new regulations and landlord obligations
The Government have announced today that Carbon Monoxide Alarms will have to be installed into every private rented property which benefits from a gas boiler or fire. Landlords should act now to ensure that they comply with the new regulations.
Why the churn of a tenancy is more important than ever
Why the churn of a tenancy is more important than ever. A recent court judgement has seen a tenancy "churn" be classified in the same way that a brand new tenancy would be, at least from a deposit protection perspective. Judge Luba QC found that in the case of Sturgiss & Anor VS Body &...
The EPC Crisis
If your investment property’s EPC is lower than a “C” at the moment, then it may be beneficial to take action now, before prices to rectify the poor grading begin to increase when approaching the deadline. Remember, if you are not compliant you cannot renew the tenancy, re-let the property or serve a valid notice to quit on your Tenant.
The ending of furlough and what is means for Landlords, Tenants and the future of the Private Rental Sector.
With the ending of furlough and the Universal Credit boost, the housing charity Crisis is predicting that around 100,000 households will now be at risk of eviction due to rent arrears.
Notice periods to return to pre-COVID lengths in October
At the start of September, the UK Government confirmed that notice periods will return to pre-COVID lengths in England from 1 October 2021.
Gas Safety Week: Fighting for a Gas Safe Nation
By taking care of your gas appliances properly you are taking care of your home, your loved ones and even looking out for your local community. Follow these few simple checks to keep you and others safe.
Gas Safety Week: Landlords’ legal responsibilities.
We're pleased to support Gas Safety Week 2021, which is taking place 13 – 19 September, an annual safety week to raise awareness of gas safety and the importance of taking care of your gas appliances.
Preparing and Marketing your Rental Property
So, you’ve finally completed on your investment property, and you’re now looking at what to do before its ready to be marketed “To Let”. We’ve put together 10 points for you to consider, before you put your property on the market.
Management vs Self-Management.
So you’ve bought your investment property and invested wisely. You’ve done endless research into whether you need an agent to manage it or not, and who the best around are. You’ve read some horror stories and come across some property management companies that look like they know what they’re doing. So which option is best?
Right to Rent Checks.
It is incredibly important that as a Landlord, a Right to Rent check is conducted at the start of all tenancies, as should a Tenant be found to not have the correct Right to Rent, the Landlord could be fined up to £3,000.00 per disqualified person.