Insights
The Renters’ Rights Bill: A Landlord’s Guide to the Changing Landscape
The UK rental market is bracing for a seismic shift. Forget ‘no-fault’ evictions and fixed-term contracts – the Renters’ Rights Bill is ushering in a new era of tenant power. Landlords, it’s time to adapt or get left behind. This landmark legislation introduces sweeping changes, from abolishing Section 21 to empowering tenants to challenge unfair rent hikes. But it’s not all doom and gloom for property owners. This guide breaks down the key provisions, offering landlords a roadmap to navigate this new landscape and ensure compliance while maintaining profitable tenancies.
Read MoreUK Housing Market Predictions for 2025: Crash or Boom?
Despite a year of economic uncertainty and rising mortgage rates, the UK housing market has defied expectations, demonstrating remarkable resilience in 2024. But what does the future hold? Experts at Savills predict a positive outlook for 2025, with house prices expected to rise by up to 4% by year’s end. This optimistic forecast is fueled by falling inflation, anticipated reductions in interest rates, and continued strong demand, particularly from first-time buyers. However, the market isn’t without its challenges. Affordability remains a key concern, and regional variations are expected to play a significant role, with the North and Scotland potentially outperforming the South…
New Legislation Grants Councils Extensive Power Over Landlords
New legislation passed on December 23rd, 2024, has significantly expanded the power of councils to charge landlords and regulate the private rental sector in England and Wales. This law centers around “selective licensing,” requiring landlords to obtain a license for a fee to rent out their properties. While intended to improve housing standards, concerns have been raised about its effectiveness, potential to increase rents, and the impact of abolishing Section 21. Landlords are urged to understand the new requirements and contact their local council for details.
Halifax now lends more on homes with better EPCs
Halifax has thrown down the gauntlet to other mortgage lenders by directly linking borrowing capacity to a property’s energy efficiency. Those seeking a mortgage for an energy-guzzling home may find their loan options limited, while buyers of eco-friendly properties could unlock larger loans. This bold move signals a shift in the mortgage landscape, where green credentials are no longer just a ‘nice-to-have’ but a key factor in affordability.
The Landlord Exodus: Is the Party Over for Buy-to-Let?
Landlords are facing a challenging new reality. Tax hikes, including the phasing out of mortgage interest relief, are eating into profits. Meanwhile, a wave of new regulations, from the end of no-fault evictions to stricter energy efficiency standards, is adding to the burden. Many landlords are choosing to sell up, potentially impacting the availability and affordability of rental properties. Is this the end of the golden age of buy-to-let?
Landlords Face Tough Choices as EPC Deadline Looms
A new survey reveals that most landlords are aware of upcoming Energy Performance Certificate (EPC) regulations, but many are unprepared. Over two-thirds of landlords own properties that don’t meet the new ‘C’ target, raising questions about how they will adapt. Will they invest in upgrades, pass the costs on to tenants, or simply sell up? Read on to discover the challenges and opportunities facing landlords in the face of these new rules…
Stamp Duty Hike Sends Shockwaves Through Buy-to-Let Market
A sharp increase in stamp duty on buy-to-let properties has sparked fears of a mass exodus of landlords from the market. This move, intended to cool the overheated property market, could backfire by reducing the availability of rental homes and driving up rents, experts warn.
Landlords are now faced with a difficult choice: absorb the increased costs, sell their properties, or abandon planned investments. The long-term consequences for both landlords and tenants remain uncertain.
Labour’s New Rental Reforms: A Seismic Shift And Five Solutions for UK Landlords
Labour’s rental reforms are bringing major changes to the UK’s private rental sector, aiming to enhance tenant rights but also creating challenges for landlords. These challenges include the end of no-fault evictions, indefinite tenancies, and rent increase restrictions, leading to uncertainty and potential financial implications for landlords. However, guaranteed rent agencies offer a solution by handling property management and providing a guaranteed rental income, ensuring compliance with new regulations and offering peace of mind to landlords in this changing landscape.
A Comprehensive Guide to Buying a House to Let
Buying a house to rent out can be a profitable investment with a strategic plan. This guide covers essential steps: planning your strategy, marketing, property management, and legal compliance. Learn to identify target tenants, choose the right location, and maximise rental income while minimising risks.
Understanding Houses in Multiple Occupation (HMOs) for Property Investors
Learn about Houses in Multiple Occupation (HMOs), their licensing requirements, and safety standards. Ensure compliance to avoid penalties, provide safe, affordable housing for tenants and how to maximise your investment return by using guaranteed rent.