On 20 September 2023, Rishi Sunak confirmed that the pending legislation on minimum energy efficiency standards (MEES) which would have forced landlords to upgrade properties to an EPC C had been scrapped. Instead, they would “continue to encourage households to do so where they can.” There has been a collective sigh of relief among landlords …
Energy efficiency and EPC ratings: What Landlords Need to Know View Post »
Buying a rental property is a big investment for the long-term, but buy to lets can so easily turn into money pits. When you’re viewing potential buy to let properties, the aim is to try and weed out those with problems that will cost more to fix than you’ll ever make in rent or capital …
10 problems to look for when viewing investment properties View Post »
The first draft of the Renters Reform Bill published on 17 May 2023 contained wording to abolish Section 21. We may still be waiting for the first parliamentary debate on the Bill, but there’s no sign of the government backtracking on Section 21. Assuming the abolition of Section 21 passes into law, what is it …
What abolishing Section 21 means for private landlords View Post »
According to research by the NRLA, published in February 2023, 30% of landlords are planning to sell at least one of their buy to let properties in 2023. This exodus of landlords may seem difficult to understand when rents and rental demand have never been higher. The reasons range from George Osborne’s restriction on mortgage …
After a long period of stable rents, low interest rates and low inflation, late 2023 is a very different place for landlords and renters alike. High inflation and high interest rates have caused costs to escalate for landlords. This has left many landlords wondering if they’ll break even, unless they increase rents. Then there’s the …
Landlord Guide: How to increase rent in late 2023 View Post »
