Rogue landlords handed hefty fine for hiding HMOs
Mohamed Lahrie, 55, and wife Shehara, 51, claimed they were renting six of their properties to a single tenant, which turned out to be their letting agent.
Buy2Let
Mortgage roundup: Platform unveils 1% buy-to-let and Leeds launches green mortgage
The product is a 2-year fix to 60% loan-to-value but comes with a high fee of £2,495.
Government to place surcharge on homeowners with gas boilers
The plans are set to be announced next month, which would make it so people who heat homes with electricity or drive electric cars would pay less, while those with gas boilers would pay more.
Landlords must use new eviction forms from October 1
The changes coincide with eviction notice periods returning to pre-pandemic levels, to two months for Section 21 notices and two weeks for Section 8.
Landlords given a year longer to adapt to tax changes
The regulation will mean landlords have to declare their income every three months via an online system.
Berlin votes to seize properties from major landlords
The proposal has received 56% support, with 39% against, and would apply for landlords owning more than 3,000 rental units in the German capital.
Swansea, Hull and Plymouth the best areas for student property returns
Swansea tops the list with an average yield of 9.56% for student property, with an average property price of £231,534.
Rental stock plummets in Q3 – as renters face strong competition for properties
There’s been a consistent decline since Q4 2020 when renters were spoilt for choice, with 171,080 homes to choose from.
Void periods lowest in six years
In August voids dropped to just two weeks, meaning landlords are only losing half a month’s income when they change tenant.
Labour takes aim at buy-to-let at party conference
Powell branded the Conservatives ‘the party of speculators and developers’ compared to Labour’s focus on homeowners and tenants.
