Author: Roland Moore
UK Watchdog States Ground Rent Is Unnecessary | Leasehold
The UK’s competition authority has stated that ground rent is not essential either legally or commercially, and suggests that the government might need to intervene to save consumers from escalating costs. Housing Secretary Michael Gove is thinking about setting a cap on all current ground rents, potentially reducing them to a negligible “peppercorn” amount, effectively…
Do Landlords Need To Provide A Cooker (Oven & Hob)?
Today we’re discussing a not-so-exciting but commonly debated topic among landlords and tenants: whether landlords in England are required by law to provide a cooker, including an oven and/or hob, for their tenants. There’s confusion due to a vague section in the Landlord and Tenant Act 1985, specifically Section 10 (Fitness for human habitation), which…
Funding for Landlords: A Guide to Financial Aid for Enhancing Your Properties
If you’re a landlord in the UK, keeping up with the various financial aids available for property upgrades is crucial. These grants can help cover the cost of making your properties more energy-efficient, attractive, and in line with recent regulations. In this article, we will explore details about the Boiler Upgrade Scheme, ECO Initiatives, the…
Concerns Arise for Landlords After Recent Budget Decisions
Landlords are finding themselves in a tough spot following the latest budget, which has sparked worry due to changes in critical tax policies affecting the rental property industry. Changes to Capital Gains Tax rates and adjustments in stamp duty relief are causing landlords to question the future of their investment properties and their financial planning…
Landlords Anticipate Further Tax Measures from the Conservative Party
On Wednesday, Chancellor Jeremy Hunt is set to present his second spring budget since assuming the role, ahead of a potential general election later in the year. Hunt has expressed a desire to decrease taxes in a “sensible” manner, but this doesn’t appear to extend to those who earn income from short-term rentals of their…
Is Ending Section 21 Just a Trick to Deceive the Nation?
Wow, talk about a break—it’s been weeks since I’ve written anything down! Whether you’ve missed me or not, I’m back from my time off! Credit to Michael Gove for pulling me back into action. He’s back on the air saying that the Conservative party intends to put an end to Section 21 eviction notices in…
House of Lords Calls for Urgent Regulation of Estate and Letting Agents
The House of Lords Industry and Regulators Committee has sent a compelling letter to Michael Gove, insisting that the government take action on the long-awaited regulation of estate and lettings agents. Four years have elapsed since the government first promised to appoint a dedicated regulator, an idea born from a working group focused on this…
50% Increase in Rental Arrears Claims
The number of claims for unpaid rent has surged by half in the year ending December, as tenants struggle to keep up with payments, according to recent figures from Reposit. The amount of money claimed also saw a sharp increase, moving from an average of £1,344 in October to £2,108 in November, and then slightly…
Sharp Rise in Mortgage Arrears Among Landlords
New data from the lending firm Octane Capital indicates that there has been a staggering 93% increase in the number of landlords who are behind on their mortgage payments compared to last year. This rise is much steeper than the 22% uptick in mortgage arrears among homeowners. Nonetheless, in 2023, homeowners were eight times more…
Understanding Rent to Rent
The “rent-to-rent” strategy is often seen as a quick and straightforward way to earn a significant passive income for those in property investment. You essentially sign an agreement, get payment in advance, and the tenant manages the property for you. This approach sounds wonderful! The simplicity and ease of making money with little work are…
How to Get More AirBNB Corporate Bookings
Today, we’ll share vital tips on how to attract business travellers to your Airbnb Corporate Bookings webpage listing and increase your earnings. Recently, the demand for serviced accommodations like Airbnb has soared, especially for business trips. Targeting the corporate crowd can greatly improve your occupancy rates and income. Making Your Space Ideal for Business Guests:…
Opportunities for UK Landlords
Landlords across the UK are taking note of the upcoming Renters Reform Bill, which suggests major changes in eviction rules, tenancy terms, rent control, and the creation of a service to address housing complaints. It’s important to grasp what this might mean for property owners. While this has raised some alarm, we believe it presents…
Tips for Increasing Your Airbnb Bookings
If you need to increase your AirBNB bookings, getting positive guest reviews on Airbnb is probably the most important thing you can do. They’re incredibly valuable for your listing. With every positive review, your Airbnb property climbs higher in the search results, boosting the chances that more guests will book your space. Reviews are key…