NEWS


Owning a property in the UK with an interest only mortgage instead of renting saves £1,908 per year on average, according to new research. The average rental payment on a two bedroom flat across the UK is £8,258 per year, £1,098 more than the cost of servicing a 5% interest only mortgage on a similar property, which currently stands...


UK landlords are failing to adequately protect themselves from disputes over redecoration because they are not accurately recording the condition of the property at the start of the tenancy. Phrases such as ‘neutral colour’ are open to interpretation and often lead to disputes with tenants, says The Association of Independent Inventory Clerks (AIIC). As a general rule, the responsibility...


Landlords who fail to tell HM Revenue and Customs about all their rental income are being offered the chance to come forward and put their tax affairs straight – before HMRC comes to them. The new Let property campaign will run for at least 18 months, says HMRC, but it appears that time could run out for some landlords...


A new ratings system is to be launched for private rental properties across the UK. The firm behind it say it will help to self-regulate the sector and could be used by local councils as an alternative to licensing. ‘Rental Ratings’ will work like the current one to five star rating system for hotels, enabling tenants to see the...


UK Planning Minister Nick Boles has launched a new national online planning guidance resource for public testing and comment as part of the drive to simplify the planning process. The existing technical guidance, often complex and repetitive, is catalogued in 230 separate documents and at 7,000 pages is almost impossible for residents and businesses to use effectively. Boles said...


Rentguard Issues


  • Majority of landlords have helped tenants during coronavirus crisis
  • Rental crisis deepens with over 300,000 tenants late with rent payments
  • Rentguard’s administration fees