private rental sector

private rental sector

New room sizes for HMOs?

03 January, 20180 Comments
In an attempt to reduce problems of overcrowding, the government has announced new minimum space requirements for Houses in multiple occupation (HMO’s) in the private rental sector. This follows the governments post-Christmas 2017 announcement that it wants landlords in England who let properties to five or more people from at least two different families to be
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As HMRC clamp down on landlords, tax protection insurance demand increases

16 August, 20170 Comments
Newham council believe that HMRC may be losing £200m a year in London alone, after discovering that half of its landlords have failed to register for self – assessment. After the licensing process Newham found it had 50,000 private properties owned by 27,000 separate landlords, the council now understands that 13,000 have failed to register for self-assessment.
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National Audit stats reveal majority of residential landlords are NOT profiteering

20 January, 20170 Comments
A new report from the National Audit Office has revealed that private sector rents have increased modestly, in line with earnings across England. But whilst the cost of renting in the private sector has largely followed changes in earnings, the figures show that rents in the social sector have increased faster than wages. The exception
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Checklist

Move in check list for tenants

17 January, 20170 Comments
Prior to moving into your new home there is certain documentation that your new landlord is required to provide: A Gas Safety Certificate. Deposit Protection Scheme paperwork. A fire safety label on any furniture that has been provided. An Energy Performance Certificate. A copy of the Government’s How to Rent guide (either a link or printed
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Right to Rent: 31 deported and 75 landlords fined since July 2015

12 January, 20170 Comments
According to new figures published by the Government, a total of 31 people have been deported as a result of the Right to Rent scheme – with 75 landlords fined. Although the Home Office says that it doesn’t hold figures for the number of illegal migrants in the PRS, they can reveal that between July 1st 2015
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Alternative analysis of the PRS reveals more private renters than previously thought

10 January, 20170 Comments
A think-tank has recently claimed that home ownership is far lower than is widely believed in the UK, meaning that the private rental sector is much larger than previously thought. The Resolution Foundation claims that, for example, a person who buys a house and then takes in lodgers counts in formal statistics as an owner-occupier;
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Unsecured consumer credit grows at fastest rate in more than 11 years

05 January, 20170 Comments
As the UK credit binge approaches levels unseen since the 2008 financial crash, this should set alarm bells ringing for residential landlords to get their affairs in order and safeguard their rental income as soon as possible. The latest figures from the Bank of England show unsecured consumer credit, which includes credit cards, car loans and second
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1.3 million people can’t all be wrong, and they are not bad tenants either

19 December, 20160 Comments
There are 1.3 million people in the UK on waiting lists for “Social Housing”, not wanting a “traditional” landlord, they can’t all be wrong. Much of the free advice for landlords is flawed and this breakthrough new book (published December 2016!) aims to set the record straight explaining, amongst other things, that by being slightly
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