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Friday, March 29, 2019

Developers sign leasehold reform pledge

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London house price growth slips to 3.8%

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Call for longer tenancies

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Councils made just 3 Rent Repayment Orders

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London house prices hit hardest

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House prices in England fall

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Thursday, March 28, 2019

The number of London landlords exiting the market up 125%

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Councils failing to tackle rogue landlord

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Government announcement on leasehold reform

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The next steps for PRS housing?

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Landlord hid families in windowless rooms

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Half of babies born to families renting

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Welsh AMs vote for tenant fees ban

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Confused about Stamp Duty surcharge ?

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House prices continue to fall: Haart

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Buying in a Crossrail town

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Wednesday, March 27, 2019

Landlord gets suspended sentence and £300k fine

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Tax charge : non-resident UK property owners

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Bristol posts strongest rental gains

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Agent who stole £350,000 must now pay...£1?

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A third of millennials may never own

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Zoopla's latest Cities house Price Index

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Typical council tax will rise by 4.7%

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Rents rise as more landlords exit

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Number of social rented properties grows

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Making Tax Digital – the latest

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Where have property prices doubled quickest?

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May is the best time to sell

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Tuesday, March 26, 2019

Fergus Wilson sells off his final 300 homes

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Trimming a tree could cost you £40,000

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Overview of the Tenant Fees Act

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More Welsh landlords refused licences

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Air quality tests rental properties

ENVIROVENT PARTNERS WITH AIRTOPIA TO OFFER LANDLORDS INDOOR AIR QUALITY TESTING

Landlords across the UK can now have their properties’ indoor air quality tested, as EnviroVent, one of the UK’s leading ventilation manufacturers, has partnered with social enterprise Airtopia to offer quick and easy Home Health checks.

Sources of indoor air pollution are all around us, but invisible. The unique Airtopia test will, for the first time, give landlords a detailed report and recommendations that relate to their own property.

Many people do not realise that poor indoor air quality may be the reason for a variety of health problems, ranging from respiratory conditions, such as asthma, sore throats, bronchitis, skin rashes and irritation, allergies, red eyes, headaches, running nose and nasal congestion. Long-term exposure to toxins in the home has even been linked to diabetes, dementia, tachycardia and an increased risk of cancers.

The Airtopia Home Health Check, available through EnviroVent, is an in-depth Indoor Air Quality assessment and questionnaire that can determine for sure whether a home has a problem. It only takes 90 minutes for an EnviroVent specialist to carry out the test. The results are then analysed in detail in the Airtopia laboratory.

The analyst will test for:
  • Volatile Organic Compounds (VOCs) – the test reveals the overall levels of airborne chemicals, breaking them down into 16 individual contaminants with results and recommendations for each of them.
  • Temperature, Moisture & Humidity – it tests the amount of water vapour in the air, which contributes to condensation, alongside levels of thermal comfort around the home.
  • Carbon Dioxide – a gas naturally found in the atmosphere but is undesirable at higher levels.
  • Formaldehyde – a colourless pungent gas used in building materials and many household products.
  • Microbial Volatile Organic Compounds – which actively grow mould.
The landlord then receives a bespoke report on the air quality in their home, alongside advice, support and details of recommended solutions. Making use of the various remedial advice given, the property owner can improve their home’s indoor air quality and potentially their family’s health too.

Rebecca McLean, Marketing and Product Director, at EnviroVent, said: “The Home Health checks are an ideal tool for landlords to demonstrate any indoor air quality issues in their properties. Having an indoor air quality test means that you are made fully aware of any contaminants, toxins and excess moisture and then can deal with them in an appropriate manner. The best way to improve or maintain good indoor air quality is to have a reliable ventilation system in the home.”
For private and social landlords, EnviroVent has its own specialist team who will survey, recommend and then install the product into an existing or new property.

EnviroVent offers a range of extract fans, Positive Input Ventilation (PIV), Mechanical Extract Ventilation (MEV), and Mechanical Ventilation with Heat Recovery (MVHR) solutions for the new build and refurbishment sectors. Its award-winning products are UK manufactured and can be installed by EnviroVent’s own dedicated team of nationwide installation engineers, who also provide after-sales support.

EnviroVent & Airtopia’s Home Health Check, including detailed laboratory tests and a bespoke report, costs £299. To book a Home Health Check call 0345 2727807 or visit envirovent.com/healthcheck.

For more details about Airtopia and indoor air quality, please visit www.airtopia.co.uk
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Landlords count the cost of tax measures

  • 58% of landlords report an increase in their 2017-18 tax bill
  • Tax increase of £3,039 on average
  • One third of landlords point to higher than expected rise
Nearly six out of ten landlords (58%) saw an increase in their 2017-18 tax bill according to Paragon’s PRS Trends Report for Q1 2019 which tracks the opinion and experience of over 200 landlords across the UK.

Landlords with three or more properties were more likely to report an increase in their 2017-18 tax bill than those with smaller portfolios, with an average annual increase in tax of £3,039 for those reporting a rise.

While over 60% of landlords confirmed that the change in their 2017-18 tax bill was as expected, one third (33%) said it was either a little or a lot more than expected.

Almost half of landlords (49%) who reported a higher than expected increase said they would make changes to their portfolio as a result, with the most popular measures including selling property (24%), increasing rent (20%) and reducing borrowing (19%).

Mortgage interest tax relief for buy-to-let landlords is being phased out over a four-year period and replaced with a basic rate tax credit. In the 2017-18 tax year, landlords could deduct 75% of mortgage interest costs from rent. This was reduced to 50% in 2018-19. It will fall to 25% in 2019-20 and then to zero.

John Heron, Director of Mortgages at Paragon said: “These figures provide early insight into how the tax changes impacted landlords in the first year of implementation. The January tax deadline was the first real data point for measuring change and it’s clear that landlords are continuing to adapt their approach as the transition progresses.

“The fact that almost one quarter of landlords intend to respond by selling property is bad news for tenants, impacting supply to the sector, driving rental inflation and ultimately making it more difficult for those that rely on the UK’s Private Rented Sector for a home.”


View the full PRS Trends Q1 report.
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House hunters at seven year low

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New powers for student renters living in “squalor”

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New DWP landlord guide to Universal Credit

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Fire Safety: Govt advice for landlords

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Landlords who fail to meet student standards ‘must face justice’

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Big ticket landlords flocking to Ltd Co BTL

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'No DSS' adverts on Rightmove: petition

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Monday, March 25, 2019

Stop landlords profiting from homelessness

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Retirement interest-only mortgages

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Scotland's changing private rented sector

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I need to sell my father’s cottage

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Latest Brexit developments and the property market

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Most affordable areas in Edinburgh

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£14m 'incentives' to landlords housing homeless

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New rogue landlord hub in Manchester

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Rent controls on East London artist spaces

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Scarborough landlord licenses - early bird discounts

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Zoopla's Cities House Price Index

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How to get a BTL mortgage with a low deposit

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Landlords must still do Right to Rent checks

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Saturday, March 23, 2019

Scottish house price growth at 18-month low

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Mould & damp tip: saucepan lids

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Right to Rent under more criticism

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Friday, March 22, 2019

Landlords switch to limited companies

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Virgin Money amends BTL criteria

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A breakdown of the UK's £100bn benefits bill

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Homeless man wins 'no DSS' case

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Landlord licensing costs: postcode lottery

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Right to rent legislation “is a farce”

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Thursday, March 21, 2019

Top 10 buy-to-let hotspots : Zoopla

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Renting Homes (Fees etc) (Wales) Bill passed

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New millennial towns proposal

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House price growth lowest since 2013

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Liverpool achieves best short term let yields

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Landlord licensing “does not work”: RLA

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Wednesday, March 20, 2019

40 yr mortgages: life sentence or life raft?

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Landlords exposed for offering rooms for sex

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House price growth at 6 year low

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Latest ONS private rental data

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ONS - latest House Price Index

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Second-charge mortgages vs remortgaging

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Referral fees come under Govt scrutiny

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BTL - beats returns on gold, cash, fine art

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Tenant fees cap may cost pet owners more

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Tuesday, March 19, 2019

Pay the tenant to find their own replacement!

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Investors avoid 3% stamp duty surcharge after court ruling

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RICS: UK Residential Market Survey

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Fergus Wilson is retiring

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£100bn of UK property is secretly owned

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Homes (FFHH) Act 2018 - Govt Guide

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Govt. publishes leasehold reform report

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Rightmove House Price Index -March

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Leasehold system needs 'urgent reform'

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Monday, March 18, 2019

Calls for 15 new millennial towns

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Landlord Fergus Wilson on Panorama

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Tenants not protected from revenge evictions

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Why so many people leave London

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How long does it take for a property to double in value?

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Think tank demands PRS 'shake up'

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Landlords, do you believe in climate change?

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Latest House Price Index from LSL

Prices edged up for the third consecutive month in February, rising 0.5% to take the average value of a home in England and Wales to £302,435. A spike in prices early last year, however, means prices are down 0.5% compared to this time last year.

Overall, prices remain subdued. An estimated 59,100 sales in February 2019.

Oliver Blake, Managing Director of Your Move and Reeds Rains estate agents said:

“Whilst a challenging market, it’s amixed picture, with some regions still experiencing price rises; there clearly continues to be demand for property and aneed for more homes to come to market.”
Whilst prices are down annually, primarily because they saw a surge at the start of last year, with a peak reached last February. Average prices have risen over the last three months.

Given the challenges of affordability from a decade of rising prices and sluggish wage growth, a short slowdown in prices combined with increases in pay could be a positive outcome for the market in the long term. The market still requires actions to ensure an adequate supply of housing.

As ever, the overall average hides a myriad of different stories. Crucially, there is a distinct North/South divide, with Wales in particular still growing robustly, up 3% annually. Most of the major conurbations outside London also continue to see growth, led by Cardiff (up 5.3%).

In London, prices have risen for the last five months, leaving the average price in the capital at £622,494.

As last month, the North/South divide largely persists in the regions of England and Wales, with annual falls concentrated in the South Eastern corner of the country.

The South East region itself is seeing the fastest falls in prices, with the average house values down 1.7%, despite strong growth in the Isle of Wight (up 7.0%) and Southampton (up 4.2% annually to set a new peak average price).

The picture is complicated by modest growth in the South West (up 0.3%). There, strong growth in Bournemouth (up 7.3%) and new peak average prices in Bristol (up 0.3%), Gloucestershire and Somerset (up 3.8% and 3.9%, respectively) remains enough to outweigh downward pressure from the likes of Bath and North East Somerset (down 10.2%) and North Somerset (down 5.4%). Likewise, the North East refuses to conform to the pattern. Prices there are down 1.6%, with significant falls in Redcar and Cleveland (falling 7.3%) and Middlesbrough (down 6.5%).

Outside these areas, though, growth continues and the majority of local authorities (59 out of 108) saw averages prices rise. For the most part the increases are modest. In England, the North West sees the strong growth with average prices up 1.3% annually. This is supported by strong performance in Manchester, which set a new peak average price in the month and where values have increased 3.1% in the last year. The West Midlands also performs well, with growth of 1.7%, but in the East Midlands and Yorks & Humber regions growth is under 1.0%.


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Zoopla to ban 'no DSS' rental adverts

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Asking prices fall : Rightmove HPI

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PRS tenants unprotected from revenge evictions

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Sunday, March 17, 2019

Bad measurements: London estate agents

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Thursday, March 14, 2019

Selective licensing of private landlords: Commons Library briefing

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Student rental housing gripes

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Right to Buy's re-sale profits

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Prolonging Brexit - bad for property prices

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Brexit uncertainty holding back house moves

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HMRC's targeting of accidental landlords falls short

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UK house price forecasts downgraded

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New laws lean on landlords

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Wednesday, March 13, 2019

Hull council wins battle to change private landlord rules

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Rent in London is the most expensive in Europe for expats

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The Chancellor's Spring Statement

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£3bn affordable homes guarantee scheme

As part of the Chancellor's Spring Statement he proposes:

The government is determined to fix the broken housing market. Building more homes in the right places is critical to unlocking productivity growth and makes housing more affordable. At Autumn Budget 2017, the government set out a comprehensive package of new policies to raise housing supply by the end of this Parliament to its highest level since 1970, on track to reach 300,000 a year on average. The Spring Statement set out further steps to deliver this ambition:
  • published a consultation on Infrastructure Finance, seeking views on how the government can best support private infrastructure investment in the context of the UK’s changing relationship with the European Investment Bank
  • reiterated the government’s commitment to publishing a comprehensive National Infrastructure Strategy – the first of its kind – setting out the government’s priorities for economic infrastructure and responding to recommendations in the National Infrastructure Commission’s National Infrastructure Assessment
  • £717 million from the £5.5 billion Housing Infrastructure Fund to unlock up to 37,000 homes at sites including Old Oak Common in London, the Oxford-Cambridge Arc and Cheshire.
  • through the Affordable Homes Guarantee Scheme, the government will guarantee up to £3 billion of borrowing by housing associations in England to support delivery of around 30,000 affordable homes
  • further progress on delivering growth in the Oxford-Cambridge Arc including £445 million from the Housing Infrastructure Fund to unlock over 22,000 homes, and a joint declaration with local partners, affirming our shared vision for the Arc
  • up to £260 million for the Borderlands Growth Deal, which on top of the £102 million announced recently for Carlisle from the Housing Infrastructure Fund means up to £362 million UK Government funding into the Borderlands area



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