Turning empty homes into HMOs could help investors and housing shortage

Landlords are already having issues regaining possession of their properties from problem tenants just months since the introduction of the Renters’ Rights Act. The rental reforms, introduced in May, abolished no-fault evictions and landlords must now issue a section 8 notice with a valid reason to take possession. Research by lettings platform Goodlord, based on…

The post The Market Has Shifted. Have You? appeared first on Think Realty. With Tighter margins and higher rates, here’s how investors are pivoting. Deals are not penciling. Prices are falling in more markets. Agents and mortgage brokers are getting skinnier and skinnier. Bottom line? The markets are changing, and not always in the way…

Calls have been made for completion transaction times to be restored to just eight weeks. Nick Goble, chief executive of Noble Estates, says average transactions at his group are currently taking around between 16 to 18 weeks. He says: “Before the internet, we routinely completed transactions within six to eight weeks using little more than…

Tenants are calling on councillors to extend selective landlord licensing schemes ahead of local elections next month. The Renters’ Reform Coalition is campaigning for more support for tenants and reaching out to councillors to support more licensing schemes across the country. The campaigning comes just a month before key elements of the Renters’ Rights Act…

Landlord repossessions jumped 9% in Q3 this year, new figures reveal, although buy-to-let mortgage arrears have dropped over the same period. Data released by the Ministry of Justice shows repossession of investor-owned properties by lenders increased from 7,036 to 7,641. But, at the same time there were decreases in landlord possession claims from 25,402 to…

Prime Minister Keir Starmer (main picture) is being warned that his New Towns programme will fail unless the Government proves it can make it happen. A cross-party House of Lords committee says that a vision is not enough to deliver “a once-in-a-lifetime opportunity”. And public transport links, schools, and hospitals must be built first, the…