Property Industry News

Labour wants to offer private tenants greater power

Tue, 25 Sep 2018 12:00:09 GMT
Labour plans to abolish legislation permitting private landlords to evict tenants without giving a reason. Section 21 notices, which have been in place for 30 years, allow a landlord to give a tenant notice to start the process to end an Assured Shorthold Tenancy. The proposal has been draw [...]
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Concern grows over unregistered landlords of HMOs

Tue, 25 Sep 2018 12:00:08 GMT
With just a few days left until changes to mandatory HMO licensing are introduced, there is growing concern that many landlords of HMOs may not have yet applied for their licenses. From Monday 1st October 2018, any rented property with five or more people living across two or more house [...]
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BTL landlord cleared of assault

Tue, 25 Sep 2018 12:00:06 GMT
A buy-to-let landlord who pushed a council employee out of one of his properties in Blackpool has been cleared of assault. Landlord Asif Hussain was found not guilty of assaulting a man who worked for Blackpool Council after confronting him for not having a warrant to enter his flat. Hussai [...]
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Newcastle Intermediaries slashes buy-to-let rates

Tue, 25 Sep 2018 12:00:04 GMT
Newcastle Intermediaries has reduced rates on its range of buy-to-let products by up to 0.64% with competitive rates now starting from 2.82%. Landlords looking for a long-term mortgage product will find that Newcastle’s five-year fixed rate buy-to-let and remortgage product has been cu [...]
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Deadline to register for self-assessment is next week

Tue, 25 Sep 2018 12:00:02 GMT
If as a landlord you are not yet in the self-assessment tax system then you need to register for tax self-assessment by the end of next week. People, including buy-to-let landlords, who need to register for self-assessment for the first-time, have until 5 October, to apply before the HMRC de [...]
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BTL landlords at risk of hefty fines if they miss next week’s HMO deadline

Mon, 24 Sep 2018 12:00:16 GMT
Landlords of HMOs are being urged to get licensed before changes to mandatory HMO licensing are introduced next week to avoid potentially being hit with a whopping fine. From Monday 1st October 2018, any rented property with five or more people living across two or more households and s [...]
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London rents rising amid shortage of properties

Mon, 24 Sep 2018 12:00:08 GMT
Rents prices in London are forecast to see strong growth following a significant drop in the number of homes available to rent in the capital, new figures show. Fresh figures from reveal that the number of available properties to rent is plummeting at an alarming rate, particularl [...]
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TSB reduces buy-to-let rates by up to 0.3%

Mon, 24 Sep 2018 12:00:05 GMT
TSB has cut rates on selected two-, three- and five-year fixed rate buy-to-let purchase and remortgage products. Two-year fixed rates between 60% and 75% loan-to-value (LTV) have been reduced by 0.1%, and two-year remortgage rates up to 75% LTV have also seen 0.1% cuts. Buy-to-let landlords [...]
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