Landlords should be aware that from 1st April 2018, new Minimum Energy Efficiency Standards (MEES) will prohibit landlords from granting new tenancies (or renewing/extending existing tenancies) for properties with an EPC rating of F or G. The Government has now signalled their intention to toughen the regulations even further. As it stands currently, landlords can … Continue reading Will Landlords have to pay up to £5000 towards energy efficiency improvements next year?
Mark Twain attributes the following to Prime Minister Benjamin Disraeli: "There are three kinds of lies: lies, damned lies, and statistics." Politicians across the world have followed this maxim - with particular use of obfuscation and statistical manipulation - as often as possible and arguably making it into an art form. There have been many examples through time … Continue reading Lies, Statistics, and Local Authorities
Parliament returned from its summer break this week and one of the first things up on the agenda was a debate on the upcoming letting fees ban. The debate was secured by Kevin Hollinrake, Conservative MP for Thirsk & Malton and co-founder of Hunters estate agency, who began proceedings by setting out his reasons for … Continue reading Housing Minister Reaffirms Commitment to Banning Letting Fees
While some private rented sector regulations are being held up (and possibly quietly pushed aside), other changes are due to come into force in the next year that could impact your business. We'll be going over these in more detail over the coming weeks. Now is your chance to test your knowledge with a quick … Continue reading Pop Quiz: Are you regulation ready?
Investing in property is still profitable. A recent survey of landlords showed that rental yields (which express the income return on a let property) have been steady for the past few years. Yet, despite this, landlords are becoming less and less confident in their ability to earn an income from yields, and indeed their businesses … Continue reading Yielding to Pessimism: Are Landlords Losing the Faith?