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Race row landlord vows to evict single mums with babies 20 July 2018

One of the UK’s largest and arguably most controversial buy-to-let landlord who last year banned ‘coloured people’ from renting any of his properties because ‘they make them smell of curry’ has turned his attention to another innocent social group.... Read More

Three-year minimum tenancies – what are the legal implications for landlords? 20 July 2018

Amid the headline-grabbing political manoeuvring over Brexit, a policy proposal which could have serious ramifications for thousands of private landlords – not to mention nearly millions of renters – slipped by relatively unnoticed. Ministers have outlined plans to introduce a minimum tenancy term of three years in order to give private renters in England ‘more security’.... Read More

Regular electrical checks in the PRS are ‘essential’ 20 July 2018

Plans to introduce new tougher electrical safety standards in the private rented sector aimed at protecting tenants by reducing the risk of fires caused by electrical faults has been warmly welcomed by Electrical Safety First The government wants to introduce regular electrical checks in the sector, following recommendations made by Dame Judith Hackitt.... Read More

Top preferred holiday rental destinations revealed 20 July 2018

One in 10 Brits would prefer a holiday in the UK over Sydney, St. Lucia, or Cyprus, new research by Hitachi Personal Finance has found. The personal loan provider asked 1,000 UK adults to choose where they would most like to own a holiday home from a list of international destinations, with the UK being the most preferred location at 9%, followed by Sydney and St Lucia joint second and Paphos, Cyprus in third.... Read More

Demand for Marbella property remains strong, says Knight Frank 20 July 2018

Appetite amongst buyers for property in Marbella has strengthened over the last year, particularly in the prime and super-prime end of the market, according to Knight Frank’s latest report. The Marbella Insight 2018, which can be viewed in full here, found that prime areas such as the beachfront, Golden Mile and La Zagaleta remained highly popular, but new emerging prime markets are starting to offer some stiff competition.... Read More

Scotland’s most responsible student tenants unveiled 20 July 2018

Students may work hard, but many also party hard, which is largely why they have a reputation for being bad tenants. Binge-drinking students are not renowned for being the most house proud but, for the first time, it has been revealed which Scottish universities have the most responsible student tenants, based on deductions from their tenancy deposits.... Read More

Landlord fined just over £2,500 for unlicensed property 20 July 2018

A buy-to-let landlord has been fined £2,525 after failing to obtain a license for a shared house in Thurrock, Essex. Adeola Makinde was found guilty at Basildon Magistrate’s Court of failing to licence her property in Norfolk Place, Chafford Hundred, RM16, which she operated as a house in multiple occupation (HMO).... Read More

The National LIS Awards urges companies to enter 20 July 2018

The National LIS Awards, which aims to celebrate excellence in the private rented sector, is set to take place on Thursday 15 November 2018 at the Grosvenor House Hotel in London. Organised by the same team behind the National Landlord Investment Show, the awards will see more than 400 people from across the industry gather for an ‘evening of entertainment and celebration’.... Read More

Development company acquires 20 new sites in Cambridgeshire 20 July 2018

Development and investment company, This Land, has announced its acquirement of 20 new sites in Cambridgeshire. In a bid to provide desirable new homes and neighbourhoods across the UK, This Land’s new sites will deliver in excess of 560 new dwellings close to Cambridge – an area of significant economic growth.... Read More

Acuitus sells £37.3m at latest auction 20 July 2018

The latest Acuitus auction achieved a success rate of 80% and the sale of £37.3 million of assets. Earlier this year, the previous round of auctions saw investor uncertainty and a dip in sale rates due to issues across the retail and restaurant sectors.... Read More

London’s housing market has ‘suffered from the drop off in buy-to-let investors’ 19 July 2018

London house prices are continuing to fall, with the collapse in the buy-to-let sector increasing the number of homes on the market for sale, which is placing downward pressure on property prices. The latest Land Registry UK House Price Index shows that London saw the lowest annual price increase in May, down by 0.... Read More

Cost of five year fixed rate buy-to-let mortgages fall 19 July 2018

The cost of five-year fixed rate mortgages has continued to fall despite fears of an imminent interest rate rise, new figure show. The Bank of England raised the chances of a rate rise next month after its chief economist recently joined two other members of its rate-setting monetary policy committee voting for an immediate hike in borrowing costs.... Read More