TSB adds new range of buy-to-let products
TSB has introduced a new range of buy-to-let mortgages. Available at up to 60% loan-to-value (LTV) there is a two-year fixed rate deal at 1.69%, along with a 75% LTV product at 1.94%. In…
The Guild supports clampdown on rogue landlords
The government’s decision to invest an additional £4m in funding for local councils to tackle criminal landlords and letting agents has been warmly welcomed by The Guild of Property Professionals. The housing secretary, Robert Jenrick,…
A fall in available rental stock would see ‘increased competition and higher rents’
Greater confidence and more certainty in the housing market following last month’s Tory election victory looks set to boost the housing market and unleash pent-up buyer demand from property buyers, including buy-to-let investors, in the…
Under-resourced county courts are struggling to cope with the number of possession claims being put forward, ‘causing misery for landlords’
There are tentative signs that landlords are beginning to return to the buy-to-let market, particularly in London where house price falls and steady rental growth are gradually enticing investors back, according to Knight Frank. The…
Court delays causing ‘extreme stress’ for landlords
Under-resourced county courts are struggling to cope with the number of possession claims being put forward, ‘causing misery for landlords’ not to mention costly delays, according to Landlord Action. The vast majority of residential possession…
Rogue landlord fined £27k for unsafe HMO
An unscrupulous landlord has been fined £27,000 over an unlicensed HMO in Luton with multiple fire and safety breaches. Luton Magistrates Court heard that the unlicensed property at 14 Kenneth Road, Luton, LU2, had poor…
Help and support available for landlords paying tax and keeping records
The tax return deadline when filing your online Self Assessment for the tax year ending 5 April 2019 is less than a month away. Filing an annual tax return is a necessary task for every…
New trade body launches for BTL landlords
A new landlord organisation, which is the largest ever trade body in the letting sector, has been officially launched. The National Residential Landlords Association, which came into force yesterday, has a membership of more than…
Rightmove reveals the year’s most searched-for locations
Bristol is the location outside London most searched for on Rightmove this year, by both buyers and renters. The average asking price of property in Bristol is £316,410, which is around £283,000 cheaper than in…
Section 21 changes: time to prepare for reforms to the eviction system
Letting agents are being urged to do more to protect buy-to-let landlords by preparing now for the government’s plans to scrap Section 21 of the Housing Act, as part of a new Renters’ Reform Bill. PayProp…