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CORONAVIRUS UPDATE

Italy Confirmed cases: 124,632 | Italy Deaths: 15,362 | Italy Recovered: 20,996 SEE MAP Spain Confirmed cases: 126,168 | Spain Deaths: 11,947 | Spain Recovered: 34,219 SEE MAP Italy Confirmed cases: 124,632 | Italy Deaths: 15,362 | Italy Recovered: 20,996 SEE MAP Spain Confirmed cases: 126,168 | Spain Deaths: 11,947 | Spain Recovered: 34,219 SEE MAP

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

Coronavirus: Landlords and tenants urged to have an ‘honest’ conversation

Renters facing financial hardship because of the coronavirus crisis are being encouraged to communicate with their landlords after emergency rental measures were announced by the government. The government’s...

Thousands of landlords will now have tenants on Universal Credit

Universal Credit has had its problems and of course now it is going to be under an enormous amount of strain with almost one million people...

Property owners rush to remortgage amid coronavirus uncertainty

Remortgaging activity has surged in recent weeks as homeowners, including buy-to-let landlords, rush to lock into low-rate loans amid uncertainty over the coronoavirus pandemic.  There has been...

Advice for those moving in or out of a property whilst social distancing

To help ensure those planning to move home over the new few weeks adhere to the current social distancing requirements, TDS has issued fresh guidance. The guide,...

Gatehouse Bank lowers FTV to 65%

Gatehouse Bank has lowered its finance-to-value (FTV) limit to 65% on buy-to-let and home purchase plans to help cope with existing market conditions. Gatehouse has also suspended...

MHCLG issues coronavirus guidance for landlords and tenants

COVID-19 has presented a hugely challenging and uncertain time for everyone, with many landlords and tenants in desperate need of fresh support and guidance.  Should you stop...

Sharp rise in new tenancies until number of UK COVID-19 cases began to increase

There was a notable increase in the number of new tenancies in the early part of March before a sudden drop in demand from prospective renters...

New trade body finally launches for BTL landlords

A new landlord organistaion has become the largest ever trade body in the letting sector after officially launching this morning.   The National Residential Landlords Association (NRLA), which...

All property moves should be delayed during coronavirus crisis

The Scottish government has released new guidance advising that all property moves north of the border should be delayed due to the COVID-19 pandemic and concerns...

Virgin Money suspends all new purchase mortgage applications

Virgin Money is no longer accepting any new buy-to-let or residential purchase mortgage applications.      The lender has also capped loan to values (LTV) for its...

Demand for rental accommodation hit record high for month of February

Demand from new prospective renters hit the highest level on record for the month of February, new figures show.  The data, compiled by ARLA Propertymark prior to...

The short-term rental sector ‘is under severe threat’

Renting out a property as a short-term let or holiday home has proved extremely profitable for some property investors, and a combination of changes to buy-to-let...

TMW temporarily withdraws high LTV mortgage lending

The Mortgage Works (TMW) has temporarily withdrawn its high loan-to-value (LTV) buy-to-let mortgage products.  The specialist buy-to-let arm of Nationwide Building Society has pulled sales of mortgages...

STAA calls for emergency support to help short-lets sector

The UK Short Term Accommodation Association’s (STAA) is lobbying the government for an emergency support package to help the short-term rental sector weather the storm of...

Skipton relaunches buy-to-let range

Skipton Building Society is expected to relaunch its buy-to-let lending to up 75% loan-to-value (LTV) following a temporary withdrawal from new purchase business last week.  This will include...

Government urged to halt buy-to-let changes

The Government should consider postponing upcoming tax changes because of the COVID-19 outbreak, according to Apropos by DJ Alexander.  The property management firm wants to see the...

Right to Rent immigration checks adjusted to make it easier for landlords

Right to Rent checks has been temporarily adapted due to coronavirus, to make it easier for landlords to carry them out. Effective immediately, the temporary changes to the...

Housing market had looked set for a spring surge

The number of homes sold rose again in February to hit their highest level in six months in a further sign that the housing market was...

New Gas Tag feature allows landlords to meet ‘regulatory obligations’

Gas Tag has launched a new feature to support landlords, housing providers, and contractors with compliance efforts during COVID-19. The update, designed to ensure that landlords meet...

Mansfield BS caps BTL lending at 65% LTV

Mansfield Building Society has limited lending to 65% loan-to-value across its buy-to-let mortgage range in response to the coronavirus outbreak.  The Society has also temporarily suspended lending on holiday lets.  Paul Lewis,...

Labour calls for rent payments to be scrapped for three months

Labour is urging the government to permit private tenants who are struggling to pay their rent due to the coronavirus epidemic to be exempt from paying their...

Yields strong in most UK areas as supply of rental stock falls

Rents continued to rise year-on-year in March while the number of homes available to let fell, according to the latest data from Home.co.uk.  Figures from the property...

The government made ‘the right decision’ to ban evictions - ARLA Propertymark

The government’s decision to suspend all ongoing housing possession actions, which means that neither cases currently in the or any about to go in the system can...

Short-let properties made available for NHS staff to self isolate

To help support our NHS workers, Seven Living are offering 50 self-contained properties for free to NHS staff embarking on 14-day isolation periods.  This offer is exclusively...

Coventry Building Society pulls all BTL products over 65% LTV

Coventry Building Society has temporarily removed all buy-to-let mortgage products over 65% loan-to-value (LTV).  The society has made the decision due to the “ever-changing” coronavirus situation and...

Complete ban on evictions and additional protection for renters from today

The court service has from today suspended all ongoing housing possession action, which means that neither cases currently in the or any about to go in...

Coronavirus concerns: BTL borrowing options have been ‘drastically reduced’

Hundreds of buy-to-let mortgage products have been withdrawn from the market due to the coronavirus outbreak, according to Property Master. The online buy-to-let mortgage broker warns that buy-to-let...

What happens when tenants leave in the middle of an agreement?

In principle, tenancy contracts are binding upon both parties and hence can be enforced in a court of law. In practice, negotiation is generally more effective...

Nationwide launches ‘simple online service’ to help those affected by Covid-19

Nationwide Building Society has developed a dedicated coronavirus support page to make it as easy as possible to arrange payment breaks.  The online resource is intended for...

How to successfully navigate the property market in uncertain times

These are difficult times in the property market, with a constantly changing situation creating a great deal of uncertainty. The world is facing a crisis and...

Housing transactions set to drop by up to 60% over the next three months

Historically, economic uncertainty and market volatility are detrimental to the housing market, and the latest observations on the impacts of coronavirus suggest that housing transactions are...

TDS launches coronavirus guide to help landlords, agents and tenants

The Tenancy Deposit Scheme (TDS) has launched an FAQ web page for landlords, letting agents and tenants to provide help and guidance on the most frequently...

Landlord allows tenant to live in his property rent free for five months

As the escalating coronavirus pandemic continues to wreak havoc, a number of tenants have been left in extremely vulnerable situations.  Many who have become ill, lost their...

Barclays withdraws all portfolio buy-to-let products

With the coronavirus pandemic continuing to escalate, Barclays has announced that it is withdrawing all portfolio buy-to-let products and is no longer accepting new applications. The bank...

New plans to impose a six-month ban on evictions of private tenants

Buy-to-let landlords could be banned from evicting private tenants in Scotland for up to six months if the Scottish government’s plans are approved due to the...

Necessary COVID-19 information for landlords and agents

New guidance from ARLA Propertymark’s legal helpline aims to provide landlords and letting agents with greater clarity based on frequent queries they have received as a result of the...

Landlords urged to remain calm as students return to their parental homes

Student property has long been one of the most lucrative investments available to landlords, with sky-high double-digit yields typically available in many parts of the country.  But...

Mortgage payment holiday online form now available

Customers from Yorkshire Building Society, Accord Mortgages, Accord Buy to Let and Chelsea Building Society who have been financially affected by coronavirus are now able to...

The housing market got off to a strong start in 2020, but activity is ‘plummeting’

Heading into March, the UK housing market was showing the kind of green shoots appropriate for the start of spring, with 103,870 residential property transactions recorded...

Coronavirus could cost BTL landlords almost £15bn in lost rental income

The devastating impact of the Coronavirus could cost buy-to-let landlords nearly £14.9bn should tenants be unable to pay rent during the three month support period announced...

Useful guidance and support for dealing with tenants during Covid-19 outbreak

A high number of buy-to-let landlords are concerned about the impact of the Coronavirus, but The Guild of Letting and Management has provided some practical guidance...

Barclays refuses to offer buy-to-let borrowers a payment holiday

Landlords who have a buy-to-let mortgage with Barclays will not be offered a repayment holiday, despite government guidance to offer borrowers a payment deferral of up to...

Less than one in 20 BTL landlords permit tenants to keep pets

Most landlords are wary of the potential damage, smells and noise complaints that can come with accommodating a tenant with pets, and that is why so...

UnderTheDoormat offers free accommodation for NHS workers

UnderTheDoormat, which provides short-let properties in London, is opening up its homes to doctors and nurses for free as they care for people with Covid-19.  It has...

UK letting market started to slow in February

The UK letting market has ground to a virtual halt amid the coronavirus pandemic, but new figures show that the market started to slow long before the...

TDS updates tenancy deposit protection guidance for landlords with tenants

The Tenancy Deposit Scheme (TDS) has published updated guidance to the tenancy deposit protection (TDP) legislation in England and Wales. The information is designed to help landlords,...

LRU release template letter for struggling renters to send to their landlords

The London Renters Union (LRU) has released a template letter for renters to send to their landlords if they are struggling with rent during the coronavirus...

Vida takes ‘swift and decisive action’ to withdraw tiers within BTL range

  Vida Homeloans, like some other non-bank lenders, has been forced to withdraw their buy-to-let and residential product ranges due to limited access to capital markets funding. The ongoing...

Landlords switching from short-term lets to longer lets before lockdown

There has been a significant increase in the number of landlords and homeowners switching from short-term lets to longer rentals.  Across the UK there has been a...

Mortgage payment holiday will apply to limited company BTL products

The three-month mortgage payment holiday to landlords whose tenants are experiencing financial difficulties due to coronavirus, will also apply to those who have borrowed through limited...

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