Simple Landlords Insurance
Simple Landlords Insurance

Section 24, Section 21, over 50s renters, letting agent survey and more property news

Email sent: Jul 18, 2019 3:32pm

Impact of section 24, loss of section 21, housing market opportunities - and how YOU use your letting agent

Welcome to Landlord’s Voice. This month our top story probably isn’t ‘new’ news – as we look at an independent survey which has found landlords are struggling to keep up with the pace of change in the sector.


From the tenant fee bill (which we looked at last month) to the proposed abolition of section 21 and possible alternatives, to a landmark case on stamp duty for second homes, and the changing shape and size of renters... there’s a lot to keep up with.

Falling behind, though, can have consequences, and our resident blogger Carl Agar – a Yorkshire based letting agent, developer and landlord – looks at some of the consequences that are starting to bite after Section 24 hit landlords right in the tax bill this year.


But it’s certainly not all bad – change is also opportunity, and we can also see (courtesy of Zoopla) how demand for rental properties is growing, and how well property investment still stacks up financially.  


Finally, we’d also like to hear from YOU. Has the tenant fee bill (and other sector changes) affected how you work with letting agents, advertise and manage your properties?

Top story: Landlords struggle to keep up with the pace of change

Many landlords in the UK are struggling to keep up with changes to the law that have been introduced over the past year, according to an independent survey…

Read article

Survey

We’re working with leading tenant referencing company Experian to try and understand how changes in the sector are changing how YOU use letting agents, advertise for and reference your tenants, and manage your properties.


Our 7 question survey will take less than 5 minutes to complete – and we’ll put you into a prize draw for a £50 Amazon voucher for your trouble. Thank you!

Take part

Top blog: Section 24 - feeling the pain?

Carl Agar takes a look at the impact Section 24 is having on landlords, and on the housing market, and speculates how things might continue to change as the scale continues to slide up…

Read blog

Other news...

Landlords could be entitled to a stamp duty rebate

Primas Law is urging landlords and property developers to seek legal advice about potential stamp duty rebates on ‘uninhabitable’ second properties after a landmark tribunal case.

Read article

Demand for rented homes set to grow

Demand for rented property is set to boom in the coming years as new data suggests that many people who do not yet own property will not do so for quite some time.


According to the latest Zoopla UK Cities House Price Index, the average income required for a first-time buyer to purchase a home has grown 9 per cent since 2016 and stands at an average of £54,400.

Read article

Landlords set to benefit from a drop in buy-to-let costs

Buy-to-let mortgage costs fell in the second quarter of 2019 according to new research from Moneyfacts.co.uk.

It found that the average cost of a two-year fixed rate buy-to-let mortgage dropped 0.1 per cent from 3.11 per cent at the start of the year to an existing rate of 3.01 per cent.

Read article

Call for fast track housing tribunal

Almost four out of 10 landlords want the Government to introduce a fast track housing tribunal if the Section 21 no-fault eviction process is abolished as planned, a new survey has found.

Overall 39 per cent back the introduction of a tribunal while 24 per cent want to see a shorter court process for evictions, according to the latest private rented sector trend report from Paragon
.

Read article

Rise of the 50+ renter

Buy-to-let mortgage costs fell in the second quarter of 2019 according to new research from Moneyfacts.co.uk.

It found that the average cost of a two-year fixed rate buy-to-let mortgage dropped 0.1 per cent from 3.11 per cent at the start of the year to an existing rate of 3.01 per cent.

Read article

'Lucrative' buy-to-let continues to appeal to investors

Residential property is currently the best long-term investment when compared to all other asset classes, according to buy-to-let investors.

Read article

Best wishes,

Simple Landlords Insurance team

Winner of Landlord and Letting's 2016/17 'Best landlord insurance supplier' award

Winner of PropertyWire's 2017 & 2018 'Best landlord insurance provider' award


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Simple Landlords Insurance is a business name of Millennium Insurance Brokers Limited. Millennium Insurance Brokers Limited are authorised and regulated by the Financial Conduct Authority. Our FCA registered number is 308310. Millennium Insurance Brokers Limited is registered in England and Wales Company No. 2103848. Registered Office: Quay Point, Lakeside Boulevard, Doncaster, DN4 5PL. 

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