Lets Process in brief

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Lets Process is a unique management program for landlords, letting agents and local authorities in the UK. For more information please see Lets Process Explained.

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Latest Private Rented Sector News

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News and opinion about the UK Private Rented Sector

Xmas Is Coming – The Landlord’s Getting Flak

We are coming up to Xmas and despite the Xmas songs and Xmas markets, some landlords may think ‘so what’. Of course, they are right to say so, it is a business they are running, but the landlord who thinks this will have little implications...

Landlords are standing by their right to ban pets from properties

The National Landlords Association (NLA) has rejected a “blanket approach” after experts advised against banning pets from properties. The suggestion was put forward by a think tank formed by flatshare finder SpareRoom to look into how tenants are affected by pet bans in private rentals. The think tank consists of pet...

LBTT Scottish stamp duty surcharge to increase to 4%

There was bad news for buy-to-let landlords in Scotland yesterday when the Scottish Finance Secretary Derek Mackay proposed a 1% hike on the tax payable when acquiring an additional property north of the border. Mackay set out his plans for tax and spending for the year...

Landlord provides accommodation for homeless this Christmas

Five homeless people will have a roof over their heads this Christmas, thanks to a kind-hearted Liverpool landlord, Mike Georgeson. OurHouseOurPeople is a community interest company set up last year when it opened up an office block for homeless people during one of the worst winters...

Rent controls would hurt both tenants and landlords, warns RLA

The Residential Landlords Association (RLA) has warned that growing speculation the mayor of London Sadiq Khan is considering introducing rent controls across the capital risks hurting tenants as well as landlords by damping investment in the private rented sector.   In a letter to Karen Buck, the...

Government urged to rethink rent protection scheme

The government’s existing strategy to protect rent paid by tenants to letting agents will fail to provide adequate protection for landlords, according to the Residential Landlords Association (RLA).   New rules requiring all letting agents in England to be members of a government approved Client Money Protection...

Are tenants simply paying their landlord’s mortgage?

The latest research from the National Landlords Association has revealed that 79% of landlords are only servicing the interest on their mortgages, not paying down their loans, as they contend with rising costs. This statistic has prompted the NLA to examine the narrative that tenants are...

Rogue landlord fined £1,500,000 for converting houses into illegal tiny flats

A rogue landlord has been fined a record-breaking £1.5 million for building an illegal boxroom empire.   Vispasp Sarkari, 56, converted properties without planning permission into cramped and dangerous flats, while charging tenants ‘extortionate’ rent.   One house in Brent was converted into eight tiny bedsits, with four more...

Rental deposits to be capped at five weeks rent

The tenancy security deposits that tenants leave with landlords or their letting agents will be capped at a maximum of five weeks rent, and not the six weeks that had been previously been agreed.   The details were included as part of the Tenant Fees Bill, which...

Residential demand down and landlords leave: Propertymark

NAEA and Arla Propertymark have released their respective yearly overviews, revealing that in 2018, housing demand fell and BTL landlords left the property market.   Regarding the former point, NAEA’s report shows that during this year, there were an average of 324 house buyers registered per branch...

University cities offer the best return for BTL investing

University cities continue to offer some of the highest buy-to-let yields for landlords, according to research.   TotallyMoney, a credit report company surveyed over 580,000 properties across England, Scotland, and Wales to rank postcodes in order of highest buy-to-let yields, to lowest.   TotallyMoney’s buy to let map  showed...

Cross-party calls for rogue landlords to lose properties

MPs have called on the government to confiscate properties from the country’s worst landlords after a series of revelations about tenants being exploited by rogue sections of the private rented housing sector.   The calls followed a hard-hitting select committee report in April, as well as a joint Guardian...

Research reveals worrying lack of landlord awareness

The private rented sector is a challenging landscape to negotiate, with tax changes and ever-changing regulation meaning that landlords now, more than ever, need greater support to help cope with industry changes, according to new research.   A nationally representative survey of private landlords, undertaken by online...

Rogue landlords: 90% of local authorities fail to issue fines

FoI responses from 293 English councils reveal string of weaknesses in private rented market law.   Almost 90% of local authorities failed to use new powers to fine rogue landlords last year, in the latest finding to suggest tenants are being failed by a lax enforcement regime.   It...

When is a landlord not a landlord?

You would think that by now there would be a clear and simple definition of a landlord, given the job has been around for time immemorial and in modern housing law terms at least since 1925 but nope….this is housing law we are talking about.   The standard dictionary...

Landlords wrongly refusing tenant requests to switch energy

More than three-quarters of a million tenants may be wrongly denied the right to switch their energy provider by their landlord, research claims.   Auto-switching service The Labrador, which works with letting agents to help tenants move to more affordable suppliers, surveyed 1,000 renters, and found a...