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CORONAVIRUS UPDATE

See the latest Coronavirus statistics from across the world on our world map SEE MAP UK Confirmed cases: 285,787 | UK Deaths: 44,216 SEE MAP Italy Confirmed cases: 241,184 | Italy Deaths: 34,833 | Italy Recovered: 191,467 SEE MAP Spain Confirmed cases: 250,545 | Spain Deaths: 28,385 | Spain Recovered: 150,376 SEE MAP See the latest Coronavirus statistics from across the world on our world map SEE MAP UK Confirmed cases: 285,787 | UK Deaths: 44,216 SEE MAP Italy Confirmed cases: 241,184 | Italy Deaths: 34,833 | Italy Recovered: 191,467 SEE MAP Spain Confirmed cases: 250,545 | Spain Deaths: 28,385 | Spain Recovered: 150,376 SEE MAP

Here is today’s Breaking News from Landlord Today. Join the debate by leaving a comment below a story - you will need to be logged-in to do this.

Breaking News

New rent arrears guidance issued by leading housing organisations

A number of organisations from across the housing sector have teamed up to support landlords and tenants facing rent arrears as a consequence of the Covid-19...

Rogue landlords in London’s East End forced to pay more than £100,000

Unscrupulous landlords in the East End of London been ordered to pay more than £100,000 over the past 12 months for renting out unsafe or inappropriate...

Foundation relaunches pre-lockdown buy-to-let offering

Foundation Home Loans has relaunched its buy-to-let product range to its pre-lockdown structure with the reintroduction of large loans, early remortgage, and short-term let products. The lender...

Utility provider out smart metering to landlords

Thousands of smart meters have been rolled out to landlords and agents by Glide, enabling its clients to future proof their portfolios.  The smart metering roll out,...

Ban on tenant evictions will not be extended beyond next month

The government has confirmed that it will not extend the ban on landlords evicting renters beyond 23 August. Renters across England and Wales received greater protection last month after the...

Minister’s comments ‘provide greater certainty for the rental market’

The National Residential Landlords Association (NRLA) has welcomed confirmation from a government minister that the courts will begin to hear possession cases from the latter part...

Rents rise as the market returns to pre-Covid activity levels

Pent-up demand during lockdown has translated into a rapid bounce-back in activity since the start of June, with new and completed tenant applications surging above 2019...

Landlords to face fines of up to £30,000 if they fail to comply with new regulations

New regulation introduced yesterday could see unscrupulous landlords fined up to £30,000 if they do not comply with the rules.  Under the Electrical Safety Standards in the...

North West is home to fastest growing buy-to-let yields

The north of England once again provided the greatest jump in rental returns for buy-to-let landlords in the second quarter of this year as demand from...

Thousands of tenants face losing home when eviction ban ends - claim

Thousands of tenants who have struggled to pay rent during the coronavirus pandemic face the prospect of losing their home when the government’s temporary ban on...

The NRLA slams Generation Rent for scaremongering tenants

Generation Rent has been criticised for claiming that homelessness could treble this year unless the government acts to help private renters. The analysis it has produced today...

Will the PM’s ‘Build, Build, Build' policy boost housebuilding?

Boris Johnson’s “Build Build Build” announcement yesterday was designed to help drag the UK economy out of what could prove to be a steep recession, with...

New electrical safety rules to ensure that private tenants are protected

New regulations that are designed to strengthen electrical safety practices and bring in line with those already well-established within gas safety regulations in private residential tenancies have...

BTL landlords are remortgaging in order to build war chests

Buy-to-let landlords remortgaging are currently doing so with a view to adding to their buy-to-let portfolios, according to Mortgage for Business. The buy-to-let broker says 30% of...

Slump in mortgage approvals will inevitably see people ‘renting for longer’

Mortgage approvals plummeted to an all-time low in May, leaving many would-be buyers with no alternative but to rent for longer.  The latest Bank of England data...

Demand from landlords has increased ‘sharply in the last month’

There has been a significant increase in demand for buy-to-let properties in recent weeks, according to Landbay.  It would appear, based on recent mortgage lending data, that...

Free virtual event aims to clarify new regulations

New rules and how the Electrical Inspection Condition Reports (EICRs) requirements for rented homes in England are changing have sparked debate and confusion in the PRS.  Many...

Swansea BS lowers rates on buy-to-let and holiday let mortgages

Swansea Building Society has cut rates across its buy-to-let and holiday let mortgage ranges.  Products now start from 4.25% to 3.55% variable up to 60% loan-to-value (LTV)...

Misery for tenants as cost of renting continues ‘to climb across the UK’

The average tenant in the UK is spending almost half of their monthly net income to cover the average cost of rent, new research shows.  The latest...

Taxpayers urged not to defer self assessment payment on account

Buy-to-let landlords suffering hardship as a result of the coronavirus pandemic can defer their July tax payment on account, but taxpayers who have the money are...

Kent Reliance introduces new buy-to-let tax guide

The buy-to-let market has been impacted by tax rule changes in recent years, and as a result landlords have been unable to deduct their mortgage expenses...

Family Building Society increases LTV and cuts rates

Family Building Society has introduced rate cuts across its buy-to-let mortgage range, as well as its owner occupier products.  Rates have been reduced across its fixed and...

Sharp rise in rent arrears as eviction cases surge

Rent arrears have increased to more than £3m, with almost 2,500 eviction cases waiting to go through the courts, according to The Lettings Industry Council.   The coronavirus...

Coronavirus: Over 70% of letting agents do not feel it is ‘safe to return to work’

The majority of letting agents think their working conditions are unsafe, according to a new survey.  More than 70% surveyed by the Property Redress Scheme, as part...

Landlord forced to handback housing benefits

A buy-to-let landlord in Bristol has been forced to hand £1,569 back to the council for housing benefit payments he received. Charles Banda was ordered to pay...

Here is how to avoid unwarranted suspicion when applying for a mortgage

With fraudulent mortgage applications up by 5% in 2019, anti-money laundering service, SmartSearch, has compiled some key things to consider to avoid unwarranted suspicion when it...

Roma Finance introduces new holiday let product

Roma Finance has launched a holiday let and serviced accommodation five-year term base rate tracker mortgage product. The criteria offered by the bridging, buy-to-let and development finance...

Portico launches £1 letting service for private landlords

London-based estate agent Portico has digitalised its letting process, with the launch of a new online rental service for private landlords who want to let their...

Britain’s fire safety regime is ‘a national disgrace and politicians are responsible’

Three years after the Grenfell fire, 257 tower blocks in Britain, housing about 56,000 people, are still to be made safe, and politicians are largely to...

Landlord ordered to pay more than £3,000 after harassing tenants

A buy-to-let landlord in Bristol has been ordered to repay more than £3,000 following investigations by the council’s Private Housing Rogue Landlord Unit.  Lucy Sherry was found...

The property industry has second lowest monthly furlough wage bill

The Real Estate sector has seen the number of workers furloughed hit 28%, with the monthly wage packet for these workers hitting £460.35m per month, which...

Accord withdraws BTL products and cuts rates

Accord has withdrawn 18 buy-to-let mortgage products, but has reduced rates by up to 16 basis points on selected buy-to-let deals that are either new or still...

BTL rental yields remain broadly unchanged year-on-year

Buy-to-let rental yields have remained largely flat, increasing by just 0.1% over the past 12 months, according to Sourced Capital. The research from the peer to peer...

What will the market look like for student landlords in September?

Student property has long been one of the most lucrative investments available to landlords, with sky-high double-digit yields typically available in many parts of the country.  But...

New guidance to help landlords arrange accommodation check-outs

The Deposit Protection Service (DPS) has issued fresh guidance to help students and landlords in England and Wales arrange accommodation check-outs during the coronavirus pandemic, in...

BTL webinar proves popular with brokers ‘more confident in dealing with landlords’

More than 1,000 brokers signed up for FIBA’s recent series of four exclusive live webinars conducted by Roger Morris of Precise Mortgages. The webinars were organised as...

How much do landlords in London owe through mortgage borrowing?

Many people feel anxious and uncomfortable when getting themselves into debt and understandably this is why many of us strive to pay off our mortgages as...

Rise in demand for new build homes

Demand from consumers, including buy-to-let investors, for new build homes has increased over the past 12 months, new figures show.  Fresh applicant data collected by the global...

How will landlords and health and safety have to adapt in a post Covid-19 world?

Since the beginning of the COVID-19 pandemic uncertainty has swept the globe and has cause a number of markets and industries to struggle, none more so...

O’Neill Patient acquires Cavendish Legal Group

O’Neill Patient LLP has completed the acquisition of well established law firm, Cavendish Legal Group.  O’Neill Patient, which specialises in conveyancing services for residential and commercial sale,...

How is the property market bouncing back?

There’s no question it’s been a tough start to the year, not just for individuals but also for businesses and specific industries that simply need customer...

Court ruling will be ‘a huge relief to private and social landlords’

The Court of Appeal’s decision to back landlords in the gas safety certificate challenge last week was an enormous relief to landlords, according to property law...

Many youngsters forced ‘to pay rent for unused flats’

Around 1.9 million people in this country are paying rent on accomodation they are not using, new research suggests,  The study by personal finance comparison website finder.com...

Ipswich withdraws BTL products following high demand from applicants

Ipswich Building Society has withdrawn its five-year standard buy-to-let and five-year expat buy-to-let fixed rate products to “slow the inflow of applications”.  While the five-year purchase and...

Landbay joins the Lender Exchange

Landbay has joined the Lender Exchange in order to have access to better conveyancing solicitors. Lender Exchange, owned by Decision First, is a secure portal that provides...

Court of Appeal sides with landlords in landmark case ruling

The Court of Appeal yesterday ruled that Section 21 notices issued by landlords are valid provided a gas safety certificate is issued before the notice is...

NRLA welcomes clarity on repossession notices

Yesterday’s Court of Appeal ruling in the case of Trecarrell House Limited v Rouncefield has provided landlords with much-needed clarity on no-fault eviction position on gas...

Lawyer to host a masterclass on possession claims

A leading property litigation and housing lawyer will host a masterclass on possession claims today at 10am following yesterday's landmark case ruling.  David Smith, a partner at JMW Solicitors,...

The government’s attempt to remove cladding has been ‘too slow’

The government has been criticised by the Fire Brigades Union (FBU) for taking far too long to remove all flammable cladding from residential buildings. The government says...

Under-estimation of Wales’ population set to lead to ‘increased housing need’

An error in the processing of cross-border flows between Wales and England has resulted in the under-estimation of Wales’ net population by 2028 of some 65,000...

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