PRS

PRS

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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Autumn Budget 2017 | Items of interest for Private Landlords

23 November, 20170 Comments
Housing – Stamp duty abolished for first-time buyers on homes up to £300,000 – estimated 80% of first time buyers to benefit. – For first time buyers in London there will be no stamp duty on the first £300,000 of the purchase price. Longer tenancies – The government will consult on the barriers to landlords
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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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What is tenants Insurance and is it worth it?

28 June, 20170 Comments
You may well have heard of home insurance and contents insurance, however, did you know that it is equally as important for tenants to ensure that their property is fully insured? This guest post has been created to help provide a little extra guidance on what tenant insurance is and why you should consider it
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5.8m households expected to rent privately by 2021

19 June, 20171 Comments
A new report has revealed that one in four UK households will be privately renting by the end of 2021. At the moment around 5m households (21%) are currently living in privately rented accommodation, a quarter of whom are families with children. As property prices continue to rise and wages stagnate, the annual report from estate
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More than a fifth of privately rented properties have an unsafe gas appliance

30 January, 20170 Comments
New data from the Gas Safe Register shows that 21% of privately rented homes still have an unsafe gas appliance. The new investigative data, spanning 5 years, also shows that 59% of those unsafe appliances are gas heaters. The overriding problem that leads to unsafe gas heaters is the failure to ensure regular maintenance –
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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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5 boxes ticked by the purpose built rental market

12 January, 20170 Comments
The benefits of the purpose-built rental market that are enjoyed by landlords and residents in the sector. Rental homes have changed somewhat in the last couple of decades. While rental properties used to be homes bought by landlords in the mainstream market and just let out to tenants, a practice that does still continue, we’ve
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