Property Industry News
All the latest stories...How tenant subletting is becoming a threat for residential landlords
In recent months there has been a growing list of issues for landlords to face, including the introduction of changes to tax and stamp duty. However, it is becoming evident that another concern is looming in the form of Airbnb and other similar websites. Airbnb’s...
Student property investment hits new highs
The volume of investment in student property in the UK reached a record £5.1 billion in 2015, more than doubling the figure achieved in the previous year. The report, carried out by a property firm has found that investment in student property accounts for 7.12% of...
More inventory disputes falling in favour of landlords
For the first time since the beginning of the tenant deposit scheme in 2007, more UK landlords are being awarded the full disputed amount at adjudications than tenants, new research has found. The figures, which were found as part of the Tenant Deposit Scheme Annual...
UK landlords unaware of new mortgage legislation
Over half (55%) of buy to let mortgage applicants are unaware of the changes that are soon to impact mortgage law, new research has found. The research by Direct Line for Business stated overall 62 per cent were unaware of either the changes to mortgage tax relief or...
Landlords should wait to change their furniture
Announced in the 2015 Summer Budget, the government declared changes to how UK landlords can cover the cost of repairs and replacing items in their properties. We’ve detailed how the change will affect Birmingham landlords. On April 6th the 10% wear and tear allowance...
Tenant subletting occuring without landlords’ permission
New findings by the National Landlords Association (NLA) has highlighted that over half of all tenant subletting occurs without the landlord’s permission. The report was detailed following the governments’ proposal to introduce minimum room sizes to clamp down on...