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Here is today’s Breaking News from Landlord Today. Join the debate by leaving a comment below a story - you will need to be logged-in to do this.

Breaking News

Buy-to-let mortgage lending figures ‘are a concern’

Take-up of buy-to-let mortgages slowed in June as economic and political uncertainty caused some buy-to-let investors to adopt a ‘wait and see’ approach. There were 5,300 new...

Scottish landlords praised for ‘taking their legal responsibilities seriously’

Buy-to-let landlords north of the border have been applauded for renting responsibly after SafeDeposits Scotland researched rates of landlords failing to protect tenants’ deposits. Landlords of rented...

flatfair to expand deposit-free renting platform after securing fresh funding

flatfair, a fintech scale-up allowing tenants to instantly rent a home with no deposit, has raised $11m (£9.1bn) in a funding round led by Index Ventures,...

Paragon introduces new portfolio and BTL products

Paragon has launched several new mortgage products for portfolio and non-portfolio landlords. Products include a 75% loan-to-value (LTV) two-year fix at 3.55% and a 75% LTV five-year...

Landlord ordered to pay £3,500 for failing to repair BTL property

A buy-to-let landlord has been found guilty of failing to comply with a notice from Bradford Council ordering him to improve the property he owned in...

NLA dismisses government’s claim that Section 21 is driving up homelessness

The National Landlords Association (NLA) has rejected the government’s claim that landlords’ use of Section 21 eviction notices is the leading cause of homelessness in the...

Private rents rise 1.3%

Private rents paid by tenants in the UK increased by 1.3% in the 12 months to July 2019 and is unchanged since May 2019, according to...

The cost of evicting a rogue tenant ‘can be crippling’

Evicting an unscrupulous tenant could potentially cost landlords thousands, even hundreds of thousands of pounds, new research shows. Benham and Reeves has looked at the detrimental financial...

Coventry Council rejects claims that its licensing scheme is unlawful

Coventry City Council has dismissed claims that its landlord licensing and accreditation scheme is potentially unlawful. The Residential Landlords Association (RLA) wrote to the council earlier this...

Landlord ordered to pay more than £7k for providing substandard property

A buy-to-let landlord in South Ockendon has been ordered to pay more than £7,000 after failing to provide acceptable living conditions for his tenants. Alex Oladineji Olayinka...

Landlord confidence at an all-time low

Landlords’ confidence in the buy-to-let sector has collapsed, according to the National Landlords Association (NLA). Confidence in landlords’ business expectations has tumbled to just 29% - the...

More needs to be done to help landlords and tenants deal with moving day stress

The letting industry needs to do more to reduce moving stress for tenants and landlords by increasing awareness of some of the potential pitfalls, according to...

More rented homes urgently needed in Cardiff

Cardiff based housing association Cadwyn is calling for more private landlords with properties in the city to lease their properties with them to help solve the...

MHCLG amends notes on form landlords use when serving a Section 21 notice

The Ministry of Housing, Communities and Local Government (MHCLG) has updated the notes on Form 6A, the document landlords use when serving a Section 21 eviction...

Barclays introduces new 5-year fixed rate deal

Barclays has launched a new five-year fixed rate buy-to-let product at 75% loan-to-value (LTV). The purchase only deal is available at 2.19% and is subject to a...

New online platform targets BTL investors chasing high yields

A new online platform dedicated to the buying and selling of income-generating properties has been launched. Powered by Experience Invest, yieldbase allows existing and prospective landlords to...

The UK coastal districts with the most holiday rentals unveiled

With the summer holiday season in full swing, UK coastal districts are seeing a boom in staycation bookings. Cornwall was discovered to be the UK coastal district...

Moving home costs an additional £3,417 in ‘extra’ costs over a lifetime

Renters who move home regularly often face excessive costs associated with moving, new research shows. The study by MoneySuperMarket reveals that the average Brits spends an additional...

Landlord fails in appeal over £2k fine for not protecting tenancy deposit

A buy-to-let landlord who failed to pay a tenancy deposit into an approved scheme for four years has proved unsuccessful in her appeal. Linda Searle appealed against...

Leeds BS reduces five-year BTL rates

The Leeds Building Society has introduced rate cuts on a number of five-year buy-to-let mortgages by up to 0.45%. New deals include a 2.49% five-year buy-to-let mortgage...

Top tips to prevent damp in your rental properties

Damp problems can be a serious concern in any home. Not only are they unwelcoming, but they are also unhealthy, and could indicate major structural or...

Private sector rents rise in line with wages

Private rental price increases have accelerated modestly, in line with earnings across the UK, according to a new report from HomeLet. The average rent in the UK...

Revealed: The renovations that offer the best return on investment

From kitchen improvements to building an extension, new research unveils top ways to add value to your home in the shortest space of time and in...

Government’s focus on homeownership ‘serves only to hurt tenants’

New communities secretary Robert Jenrick and housing minister Esther McVey look set to focus on increasing homeownership, but this appears to be at the expense of...

TML removes restrictions on letting to DSS tenants

The Mortgage Lender (TML) will no longer prevent buy-to-let landlords from letting property to tenants in receipt of benefits. The move comes after other lenders caved in...

Government urged to bring forward its plans for court reform

It now takes private landlords an average of 22.5 weeks from making a claim to the courts for a property to be repossessed to it actually...

More than half of landlords plan to use limited companies to acquire property

Some 55% of landlords planning to add to their portfolio over the next 12 months will use a limited company to buy property, new research shows. A...

The best ways to avoid common buy-to-let insurance claims

Damage caused by water, fire, explosion and theft have been identified as the primary reasons that buy-to-let landlords make insurance claims, but there are simple measures that property...

Leek United cuts buy-to-let rates

Leek United has reduced rates on its buy-to-let products by up to 40bps. The lender’s five-year fixed rate buy-to-let product is now available at 2.6% up to...

Premier League kicks off today but who should you support in terms of yields?

Top-flight football returns this weekend, with Liverpool preparing for tonight’s Premier League opener versus Norwich City, but what team should landlords support this season when it...

Average rents drop across the UK

Average rents dropped in five of the eight UK regions monitored by Goodlord in July, new figures show. The property technology firm reports that the sharpest decline...

BTL landlord ordered to pay more than £3,700 for unlicensed HMO

A landlord has been penalised for operating an unlicensed house in multiple occupancy  (HMO) in south London. Fouad Ahmad, from Streatham, pleaded guilty at Lavender Hill Magistrates...

Performers at Edinburgh Fringe struggle to find a place to stay

A number of performers at the Edinburgh Festival Fringe, which is currently taking place, are struggling to find short-term accommodation in the city, which comes as...

Foundation Home Loans reduces BTL rates

Foundation Home Loans has cut rates on selected five-year fixed buy-to-let products by up to 0.1%. The specialist lender has made reductions across its core buy-to-let F1...

BM Solutions set to almost double max number of BTL mortgages

BM Solutions has announced that it plans to increase the maximum number of buy-to-let mortgages from three to five with Lloyds Banking Group. The changes, which come...

Top tips for investing in London’s buy-to-let market

With the slump in house price growth in London slowing, a growing number of property investors believe that now is a potentially good time to invest...

Tenancy deposit cap will ‘eventually affect a significant proportion of properties’

More than four out of ten tenancy deposits managed by the Deposit Protection Service (DPS) are currently higher than the recently introduced tenancy deposit cap. Since 1...

Sensible rules will ensure ‘responsible growth’ of short-term letting sector

It is not always possible for an individual or company to improve its image beyond that of its industry, and that is why the Short Term Accommodation...

Rogue landlord ordered to pay almost £50k for overcrowded property

An unscrupulous landlord has been ordered to pay £47,500 after council officers found 11 people living in a small flat in Gorton, Manchester, which was unfit...

Landlord may need to convert flats into houses after failing to gain consent

A landlord who converted a house in north London into flats without consent could face legal action. Javad Aghababazadeh was given permission by Barnet council in 2016...

Barclays reduces two-year fix to 1.65%

Barclays has announced a series of rate reduction to products within its mortgage ranges, including buy-to-let. The lender has cut its 75% loan-to-value two-year fixed rate deal...

New Right to Rent guidance issued by the Home Office

Fresh guidance updating how landlords can ensure that they are compliant with the Right to Rent requirements in England has been released by the Home Office. The...

Cabinet ministers supplementing salaries via buy-to-let investments

A number of MPs are currently earning rental income from properties let to private tenants, including eight ministers in Boris Johnson’s new cabinet. According to the Mirror,...

Police appeal to landlords to help clampdown on organised crime gangs

Cheshire Police are appealing for landlords, along with letting agents and local residents to help crack down on organised crime gangs. Officers report that there is fresh...

No legal requirement for an HHSRS report

Buy-to-let landlords should be aware that Housing Health and Safety Rating System (HHSRS) inventory reports are not needed to comply with the Homes (Fitness for Human...

Accord Buy To Let introduces new products and cuts rates

Accord Buy To Let has introduced two new products aimed at landlords looking for longer term fixed rate deals. For purchasing landlords, Accord BTL is offer a...

Fresh government guidance ‘could leave landlords open to prosecution’

Buy-to-let landlords are being urged by the Residential Landlords Association (RLA) not to follow new guidance from the government on its controversial Right to Rent scheme...

Free launch event for scheme offering BTL landlords 12 months’ rent upfront

Choices Estate Agents will launch a new Advanced Rent Option (ARO) product later this month, which enables landlords to receive their annual rent upfront in one...

Landlord who lived in a council house ordered to pay £48k or face prison

A buy-to-let landlord who claimed that he needed a council home has been ordered to pay back more than £48,000 or face being jailed. Gavin Lescott, 41,...

New licensing scheme is potentially unlawful, warns RLA

Buy-to-let landlords who own property in Coventry should be wary of Coventry Council’s landlord licensing and accreditation scheme as it is potentially unlawful. The Residential Landlords Association...

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