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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

BTL landlords will benefit from £2bn home insulation scheme

The new £2bn grant scheme in England for projects such as insulation, unveiled yesterday by the chancellor Rishi Sunak as part of a wider £3bn plan...

Buy-to-let landlords welcome stamp duty cut

Yesterday’s summer statement provided a much welcome boost for buy-to-let landlords who stand to benefit from the stamp duty holiday.  The levy has been scrapped immediately for...

Stamp duty holiday: Rightmove records a busy very day as housing demand spikes

Rightmove yesterday recorded a sharp rise in searches for property on its website as it was forced to deal with pent up demand for homes following...

Rental values look set to ‘hold up well’ as tenant demand grows

Average rents achieved on tenancies in JUne dropped marginally compared to May, but remain higher on an annual basis, the latest data and analysis from Homelet...

Rise in mortgage products ‘is a vote of confidence in the buy-to-let sector’

There has been a steady increase in the numbers of buy-to-let mortgage products since the start of May in a sign the market is starting to...

Buy-to-let mortgage market shows tentative signs of recovery

There are emerging signs of recovery in the buy-to-let mortgage market, following the major initial impact of the Covid-19 pandemic-induced lockdown, new figures show.  The latest research...

London rents fall as supply increases

There has been a noticeable increase in the supply of letting properties, placing downward pressure on rental values, according to Knight Frank.  Throughout April and May of...

Landlord's kind gesture for his tenants goes viral on Twitter

A BTL landlord has proved to be a big social media hit after issuing his tenants with a bonus when returning their deposits.  John, who did not...

Newcastle Intermediaries re-enters buy-to-let market

Newcastle Intermediaries has relaunched its buy-to-let offerings. The lender’s two-year fixed rate product offers a choice of fee-assisted deals at 75% loan-to-value (LTV), with rates starting from...

What will the government’s stamp duty holiday mean for BTL landlords?

The chancellor Rishi Sunak is expected to announce tomorrow changes to the levels of stamp duty paid on properties in England, but what does this mean for...

Government urged to boost the safety net available to young renters

Industry leaders are calling on the government to provide urgent support for young people living in private rented housing.  As the chancellor Rishi Sunak prepares to wind...

Rents have dropped 10% in central London

Landlords in central London have been forced to reduce rents by an average of 10%, according to Chestertons. The letting agency says a combination of factors have...

New guidance for those renting a property

ARLA Propertymark has compiled some fresh advice and top tips for those starting to think about their living circumstances and renting a new home, especially for...

Ipswich BS withdraws entire BTL range following high demand from applicants

Ipswich Building Society has withdrawn all its buy-to-let products, including expat BTL and holiday let mortgages, following a sharp rise in applications from investors over the...

BTL landlords are ‘doing all they can to keep people in their homes’

Speculation that there will be a sharp increase in evictions once the existing evictions ban is lifted next month has been rejected by the National Residential...

Many renters ‘are in danger of being evicted when the current ban lifts’ - claim

The number of private tenants in England who have fallen behind on rent has doubled during the coronavirus pandemic, according to estimates from Shelter. Polling for the...

New platform allows BTL landlords to market property directly online

PlanetRent, an automated letting platform, has been launched enabling landlords to market their property directly on Zoopla and Rightmove on a pay-as-you-go basis.  The platform, which is free...

Initial cost of renting has increased by almost a quarter in some parts of England

The cost of renting in England since the tenant fee ban was introduced has increased by almost a quarter in some parts of the country, according...

SimplyBiz Mortgages adds Paragon to BTL panel

SimplyBiz Mortgages has added Paragon’s buy-to-let range to its mortgage panel.  The buy-to-let range includes support for SPV limited company lending, including subsidiaries, HMO properties with up...

New rent arrears guidance issued by leading housing organisations

A number of organisations from across the housing sector have teamed up to support landlords and tenants facing rent arrears as a consequence of the Covid-19...

Rogue landlords in London’s East End forced to pay more than £100,000

Unscrupulous landlords in the East End of London been ordered to pay more than £100,000 over the past 12 months for renting out unsafe or inappropriate...

Foundation relaunches pre-lockdown buy-to-let offering

Foundation Home Loans has relaunched its buy-to-let product range to its pre-lockdown structure with the reintroduction of large loans, early remortgage, and short-term let products. The lender...

Utility provider out smart metering to landlords

Thousands of smart meters have been rolled out to landlords and agents by Glide, enabling its clients to future proof their portfolios.  The smart metering roll out,...

Ban on tenant evictions will not be extended beyond next month

The government has confirmed that it will not extend the ban on landlords evicting renters beyond 23 August. Renters across England and Wales received greater protection last month after the...

Minister’s comments ‘provide greater certainty for the rental market’

The National Residential Landlords Association (NRLA) has welcomed confirmation from a government minister that the courts will begin to hear possession cases from the latter part...

Rents rise as the market returns to pre-Covid activity levels

Pent-up demand during lockdown has translated into a rapid bounce-back in activity since the start of June, with new and completed tenant applications surging above 2019...

Landlords to face fines of up to £30,000 if they fail to comply with new regulations

New regulation introduced yesterday could see unscrupulous landlords fined up to £30,000 if they do not comply with the rules.  Under the Electrical Safety Standards in the...

North West is home to fastest growing buy-to-let yields

The north of England once again provided the greatest jump in rental returns for buy-to-let landlords in the second quarter of this year as demand from...

Thousands of tenants face losing home when eviction ban ends - claim

Thousands of tenants who have struggled to pay rent during the coronavirus pandemic face the prospect of losing their home when the government’s temporary ban on...

The NRLA slams Generation Rent for scaremongering tenants

Generation Rent has been criticised for claiming that homelessness could treble this year unless the government acts to help private renters. The analysis it has produced today...

Will the PM’s ‘Build, Build, Build' policy boost housebuilding?

Boris Johnson’s “Build Build Build” announcement yesterday was designed to help drag the UK economy out of what could prove to be a steep recession, with...

New electrical safety rules to ensure that private tenants are protected

New regulations that are designed to strengthen electrical safety practices and bring in line with those already well-established within gas safety regulations in private residential tenancies have...

BTL landlords are remortgaging in order to build war chests

Buy-to-let landlords remortgaging are currently doing so with a view to adding to their buy-to-let portfolios, according to Mortgage for Business. The buy-to-let broker says 30% of...

Slump in mortgage approvals will inevitably see people ‘renting for longer’

Mortgage approvals plummeted to an all-time low in May, leaving many would-be buyers with no alternative but to rent for longer.  The latest Bank of England data...

Demand from landlords has increased ‘sharply in the last month’

There has been a significant increase in demand for buy-to-let properties in recent weeks, according to Landbay.  It would appear, based on recent mortgage lending data, that...

Free virtual event aims to clarify new regulations

New rules and how the Electrical Inspection Condition Reports (EICRs) requirements for rented homes in England are changing have sparked debate and confusion in the PRS.  Many...

Swansea BS lowers rates on buy-to-let and holiday let mortgages

Swansea Building Society has cut rates across its buy-to-let and holiday let mortgage ranges.  Products now start from 4.25% to 3.55% variable up to 60% loan-to-value (LTV)...

Misery for tenants as cost of renting continues ‘to climb across the UK’

The average tenant in the UK is spending almost half of their monthly net income to cover the average cost of rent, new research shows.  The latest...

Taxpayers urged not to defer self assessment payment on account

Buy-to-let landlords suffering hardship as a result of the coronavirus pandemic can defer their July tax payment on account, but taxpayers who have the money are...

Kent Reliance introduces new buy-to-let tax guide

The buy-to-let market has been impacted by tax rule changes in recent years, and as a result landlords have been unable to deduct their mortgage expenses...

Family Building Society increases LTV and cuts rates

Family Building Society has introduced rate cuts across its buy-to-let mortgage range, as well as its owner occupier products.  Rates have been reduced across its fixed and...

Sharp rise in rent arrears as eviction cases surge

Rent arrears have increased to more than £3m, with almost 2,500 eviction cases waiting to go through the courts, according to The Lettings Industry Council.   The coronavirus...

Coronavirus: Over 70% of letting agents do not feel it is ‘safe to return to work’

The majority of letting agents think their working conditions are unsafe, according to a new survey.  More than 70% surveyed by the Property Redress Scheme, as part...

Landlord forced to handback housing benefits

A buy-to-let landlord in Bristol has been forced to hand £1,569 back to the council for housing benefit payments he received. Charles Banda was ordered to pay...

Here is how to avoid unwarranted suspicion when applying for a mortgage

With fraudulent mortgage applications up by 5% in 2019, anti-money laundering service, SmartSearch, has compiled some key things to consider to avoid unwarranted suspicion when it...

Roma Finance introduces new holiday let product

Roma Finance has launched a holiday let and serviced accommodation five-year term base rate tracker mortgage product. The criteria offered by the bridging, buy-to-let and development finance...

Portico launches £1 letting service for private landlords

London-based estate agent Portico has digitalised its letting process, with the launch of a new online rental service for private landlords who want to let their...

Britain’s fire safety regime is ‘a national disgrace and politicians are responsible’

Three years after the Grenfell fire, 257 tower blocks in Britain, housing about 56,000 people, are still to be made safe, and politicians are largely to...

Landlord ordered to pay more than £3,000 after harassing tenants

A buy-to-let landlord in Bristol has been ordered to repay more than £3,000 following investigations by the council’s Private Housing Rogue Landlord Unit.  Lucy Sherry was found...

The property industry has second lowest monthly furlough wage bill

The Real Estate sector has seen the number of workers furloughed hit 28%, with the monthly wage packet for these workers hitting £460.35m per month, which...

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