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Rent controls would ‘act against the interests of tenants’

Wednesday 14th February 2018

Private rental prices paid by tenants continued to slow last month suggesting that rent controls may leave tenants worse off. Rent paid by tenants to private landlords in Britain rose by 1...


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TMW launches sub-2% five-year fixed rate BTL product

Wednesday 14th February 2018

The Mortgage Works (TMW) will launch its first ever sub-2% five-year fixed rate buy-to-let mortgage deal today. The new product, offered at a borrowing rate of 1...


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Government approves new PRS licensing scheme

Wednesday 14th February 2018

A proposal to introduce a new licensing scheme for privately rented homes in Nottingham has been given the green light by the Secretary State for the Department for Communities and Local Government (DCLG)...


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RLA cautious over Labour's proposal for pets in rented homes

Wednesday 14th February 2018

The Residential Landlords Association (RLA) is seeking greater clarification from the Labour party after it put forward new proposals this week to allow tenants to keep pets as the default position in rented homes unless there is evidence that the animal is causing a nuisance...


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New tenant app designed to improve communication with landlords

Tuesday 13th February 2018

A new tenant app, designed to improve the communications between landlords and tenants, has been launched by property management software firm, Arthur...


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Proposed selective licensing scheme scrapped

Tuesday 13th February 2018

A plan to introduce a new selective licensing scheme in Telford has been scrapped by Telford & Wrekin Council after more than 900 people replied to a consultation...


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New platform to help landlords buy and sell property while tenanted

Tuesday 13th February 2018

Many buy-to-let landlords are reluctant to sell a tenanted property because it can increase the chances of the sale falling through compared to selling a vacant property...


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Landlord fined £7,400 as council secures 125th prosecution against rogue operators

Tuesday 13th February 2018

A buy-to-let landlord has been ordered to pay £7,400 after failing to obtain a license to rent out a property in North West London. The unlicensed two-bedroom flat in Tunley Road, Harlesden, which would have cost £340 for a five-year selective licence, came to the attention of enforcement officers after the family complained to the council about their broken boiler...


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Sharp rise in serious mortgage arrears

Monday 12th February 2018

There has been a significant increase in the number of landlords who are seriously behind with their mortgage payments, new figures show. During the final quarter of last year, there were around 1,200 buy-to-let mortgages in ‘significant arrears’, up 20% on the corresponding period in 2016, according to UK Finance...


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Profits at Nationwide fall due to ‘subdued buy-to-let mortgage market’

Monday 12th February 2018

Nationwide has seen profits fall following a drop in buy-to-let mortgages as demand for rental properties continue to fall. It is currently a challenging time for buy-to-let landlords due to recent tax changes, with the stamp duty surcharge and phasing out of mortgage tax relief continuing to bite, while new rules coming into play with regard to letting are also expected to have an adverse impact on the market in the near future...


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