Insurance Premium Tax Increase Will Have Direct Affect On Landlord Profits As you may already know, the Government declared in the 2015 Summer Budget that there would be an increase in Insurance Premium Tax (IPT) for all insurance policies taken out by individuals and companies in the UK. This will affect the cost of landlord [...]

Landlords Could Face Jail For Non Compliance Of Right To Rent Legislation Private rental sector landlords and letting agents have expressed outrage over proposed amendments to the forthcoming Immigration Bill (2015) expected in September, when MPs return to work after their summer break. Section 20 – 37 of the Immigration Act 2014 contained the provision [...]

New Study Reveals More Tenants Are Struggling With Rent Arrears Tenants without rent protection insurance are struggling to avoid getting into rent arrears as private rental sector rental prices climb 5.6%. UK PRS rents have risen at the fastest rate since 2009, increasing at a faster rate than property prices for the first time since [...]

UK Private Rented Sector Now Worth £1 Trillion The UK’s private rented sector (PRS) looks set for a profitable future as a new report reveals that the sector is expected to increase by 700,000 rental units to around 5.5 Million properties by 2020. The PRS represents 18% of all current UK housing stock, following the [...]

Tenant Evictions Have Now Reached A Record High According to new Ministry of Justice data released last week, tenant evictions have now reached a record high with 11,307 tenants evicted from rental properties in the first quarter of this year. However, the majority of tenants evicted are reported to be proportionally higher for the social [...]

Rise of Pensioner Landlords Could Have Dramatic Effect On UK Property Market As most people are already aware the UK pension rules changed on 6th April 2015, allowing people aged 55 and over to withdraw all or part of their pension pot to spend as they prefer rather than being forced to buy some form [...]

Controversial Sub-Letting Announcement Made In 2015 Pre-Election Budget The 2015 pre-election budget delivered last week by Chancellor of the Exchequer, George Osborne MP, outlined controversial plans that intend to make it illegal for private rental sector tenancy agreements (AST’s) to include clauses that prevent tenants sub-letting the rented property to others. This announcement has caused [...]

Is 2015 The Year To Get Into Buy To Let Property Ownership? There are a number of encouraging reports circulating in the media at the moment suggesting that 2015 could be another boom year for landlords, letting agents and the buy to let property market in general. The changes announced by the Government to the [...]

Rental Prices Continue To Rise As Tenant Demand Still Exceeding Property Supply There is good news for property investors considering expanding UK rental property portfolios using buy to let mortgages as a leading national estate agency publishes UK PRS rental price data. The data published by Countrywide shows that the average UK private rented sector [...]

PRS Rents Rise In 8 Out Of 10 UK Regions New data released by LSL property services shows that average rental prices in the UK’s private rental sector increased by 3% during the whole of last year, despite the slight dip recorded at the end of the year. PRS rents dropped by 0.1% in December [...]