InventoryBase Blog

Landlord who illegally evicted tenant is given suspended sentence

Landlord who illegally evicted tenant is given suspended sentence. A private rented sector landlord based in Leeds has been given a suspended prison sentence for conducting an illegal eviction, which left their tenant homeless. The case, held at Leeds Magistrates’ Court, heard how the tenant was left homeless after the landlord changed the locks to […]

March 6, 2019

InventoryBase launch new Template Library

InventoryBase are excited to announce the launch of our new Template Library which will allow users to access a variety of ‘common sense’ templates for use in the residential, commercial, hospitality and health & safety sectors of property reporting. With an increased need to abide by evolving legislation and keep costs down, InventoryBase provides a […]

March 5, 2019

Best locations in UK for buy-to-let revealed

Despite the major changes in how buy-to-let investments are taxed, with many landlords being left with higher tax bills, some regions of the UK are still providing attractive returns for investors. Currently, the best location to invest in property in the UK has been proven to be the North West region of England, in research […]

Tenants fee ban given Royal Assent

James Brokenshire MP, the Communities Secretary, has stated that a new law, which will protect tenants against unjust letting fees, will come into force from 1st June 2019. The law placing a cap on tenancy deposits at five weeks’ worth of rent, will apply to all residential tenancies within England and aims to stop the […]

March 4, 2019

Could Brexit uncertainty be good news for buy-to-let landlords?

Trends show that many residents will delay in buying property during periods of turmoil and uncertainty, which appears to be exactly the current situation in the UK amid growing Brexit confusion. According to HomeLet’s chief executive, Martin Totty, this could result in positive news for buy-to-let landlords, as more people will consider renting rather than […]

March 1, 2019

Research shows rent increase in 2018 of 2.5 per cent

Research shows rent increase in 2018 of 2.5 per cent. The most recent HomeLet Rental Index has shown that there was a steady growth in rents within the UK last year, with an average growth rate of 2.5 per cent. The average rental price in the UK is now at £932 each calendar month. Despite […]

February 27, 2019

Private rented sector predicted to double in next six years

According to new research from Your Move, investment within the PRS (private rented sector) could potentially double to £75 billion in 2025, a record-breaking figure. Due to the desire for lifestyle flexibility and affordability pressures, investment in the UK PRS market is predicted to grow, alongside a decline in home ownership. There are currently approximately […]

Surge in UK and foreign students positive news for market, agency explains

Knight Frank’s student accommodation partner has given its approval to new figures which suggest that there is a current surge in domestic and overseas students applying for undergraduate degree courses in the UK. The student partner, Neil Armstrong, explained that 38.2 per cent of Britain’s 18 year olds have applied for a full-time undergraduate degree […]

February 26, 2019

Could a property portal ever be bigger than Rightmove?

Rightmove features heavily in our day-to-day modern life, especially for homeowners and those looking for a new property. Parents scour its pages to find out if a home is located in a catchment area for a good school, neighbours check the prices of nearby homes for sale or to see if a home has been […]

February 25, 2019

Could fees ban be less dire than once feared?

Could fees ban be less dire than once feared? A large-scale franchise agency has stated that its preparation work in anticipation of the tenants fee ban has resulted in a less drastic impact than once feared. Within a trading statement given to the City and shareholders, The Property Franchise Group explained that in the year […]

February 22, 2019

Tenant Fee Ban – What next for Inventory providers?

Finally; we now have the confirmed date (1st June) for the implementation of the tenant fee ban; it’s ‘really happening’. And so, for many, this this where the real work begins especially for letting agents who now have to think about how they will manage the impact on their businesses and mitigate the loss of […]

February 21, 2019

Landlords increasingly forced to use Section 21 due to Section 8 delays

Landlords increasingly forced to use Section 21 due to Section 8 delays. More than half of landlords are going through the no-fault eviction Section 21 process due to rent arrears, with many choosing this route instead of Section 8. This is because of the unpredictable results and unreasonable amount of time it takes for a […]

UK becomes one of the worst European countries for buy-to-let investment

Due to a wide range of measures including increased regulation, hikes in stamp duty and higher taxes, the UK has been placed among some of the worst countries within Europe for buy-to-let investors. New research released by the Daily Telegraph has shown that in the course of the past year, the UK has fallen ten […]

February 20, 2019

How to avoid carbon monoxide poisoning in rental homes

According to a recent study from Energy UK, one in three UK residents do not have carbon monoxide alarms fitted in their homes, leaving them at risk of carbon monoxide poisoning. The findings are astonishing when taking into account that from the 2,000 people questioned for the survey, 94 per cent claimed they were aware […]

February 19, 2019

A housing court would be a positive move for landlords

Landlord associations such as the RLA (Residential Landlords’ Association) are calling for serious changes to the current legal system, in order to provide tenants and landlords with efficient access to justice. The RLA has stated that it considers the current system to be unfit for purpose. Any housing issue is currently dealt with through a […]

February 18, 2019

New proptech platform promises to solve short-term let breaches

British start-up firm, Lavanda, has developed a new app that it hopes will provide a compliant solution for both tenants and landlords in the event of a short-term let. The property specialist is launching Europe’s first platform focusing on short-term rentals for tenants within the private rented sector, in an effort to resolve tenancy breaches […]

February 15, 2019

Compulsory redress scheme likely for private landlords

James Brokenshire, Communities Secretary, has announced an overhaul of the housing complaints system, which is likely to come at a cost for private landlords. Calling the system “broken”, the Communities Secretary is planning for the compulsory registration of all private landlords to a redress scheme, which would operate in a similar way to schemes already […]

February 14, 2019

Ban on tenant fees could affect Section 21 notices

Letting agents have been issued with a warning to review tenancy agreements already in place, in order to ensure they are fit for use before the ban on fees takes effect from June 2019. In particular, by completing a review, agents could potentially minimise the impact of the Bill on Section 21 notices. Andrew Turner, […]

February 13, 2019

Councils are selecting the harshest punishments for landlords

An increasing number of local councils are choosing to implement selective licensing and introduce harsh penalties for private landlords which go beyond the government’s mandatory licensing rules, according to research. According to a study from law firm, Kirwans, the legislation, which was introduced within the Housing Act of 2004 to tackle anti-social behaviour, irresponsible landlords […]

February 12, 2019

Lack of rental properties leading to rising rents

Lack of rental properties leading to rising rents. Data from property portal, Rightmove, has shown a continuing trend in fewer numbers of property investors purchasing rental properties, which is leading to record-breaking rental prices, as well as a lack of available buy-to-let properties. This is leading to increased competition among prospective tenants who are searching […]

February 11, 2019

How energy efficient is your rental property?

How energy efficient is your rental property? With an increasing focus on climate change, maximising the energy efficiency of your buy-to-let property can be hugely beneficial. With the introduction of more legislation, meeting the minimum standards in energy proves your commitment as a responsible landlord. So how can you ensure you property complies with legislation? […]

February 10, 2019

More money given to councils if they deal with rogue landlords

More money given to councils if they deal with rogue landlords. An extra £2.4 million of funds has been allocated to the campaign to tackle rogue landlords. Heather Wheeler MP, the Housing Minister, announced that the extra funds are a reaction by the government to recent reports that local councils are failing to do enough […]

February 8, 2019

Tenants fee ban will come into force from 1st June 2019

Tenants fee ban will come into force from 1st June 2019. The Government has announced that from the 1st June 2019 the Tenants Fees Bill will be enforced across England. The announcement follows the Third Reading for the Bill in the House of Lords, and it is likely to receive Royal Assent in the near […]

February 7, 2019

Mandatory electrical inspections to be introduced

As the result of a government consultation last year, there was an announcement in July 2018 that regulations will be introduced that will require all private sector landlords to carry out annual safety checks on electrical installations situated in their residential properties. Now, the Government has also added that any electrical inspector that landlords enlist […]

February 6, 2019

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