Inside Property Website


Top Ten Challenges Facing London Landlords

October 27, 2018

These are my top ten challenges for London landlords as we move into Autumn 2018:
1. Your Tax Strategy:  Do you have one?  We are now in year 2 of the section 24 tax changes which restrict the tax relief on mortgage interest payments even though they are a reasonable cost of running our businesses.   Worryingly, only 49% of landlords fully understand the changes according to NLA research.  There is a slow trickle of landlords that are changing their structure – around 15% – and nearly 4 in 10 of us say we will [...]


Longer Tenancies Consultation

July 27, 2018

The government has issued a consultation called ‘Overcoming the Barriers to Longer Tenancies In the Private Rented Sector’ and to the surprise of many has proposed a minimum three year mandatory tenancy.  This has been a core campaign for Shelter and was adopted as Labour Party policy in Ed Miliband’s 2015 election manifesto, but has not previously been put forward by the Conservatives.
The key argument for three year tenancies is that the size of the private rented sector (PRS) has increased from 9% to [...]


Landlords Of The Future

July 2, 2018

What could renting look like in a decade’s time?  Shifts in attitude from government and the Bank of England have jolted landlords and investors into taking a step back and looking long into the future.  I speak regularly at events across London and in 2016 and 2017 I witnessed a fog of depression descend on many of my colleagues.   This was also reflected in the NLA’s index of landlord optimism in their lettings business plummeting to an all time low.  Worryingly still according to NLA research only 49% of landlords fully understand the implications [...]


Evicted For No Reason

April 8, 2018

The abolition of no fault eviction is back on the agenda.  According to a recent BBC Panaroma show ‘Evicted For No Reason,’ the Labour Party, spurred on by housing charities and the entrenched convictions of Jeremy Corbyn, wants to end the use of section 21. The programme presents three case studies of tenants facing no fault evictions.  Lauren McGlashan has fallen out with her landlord who subsequently served a section 21 notice.  She has two months to find a new home for her husband, retired mother and five children.  Julie Archer was offered [...]


Auction Learning Curve

December 13, 2017

I’ve noticed that whilst building their portfolio, quite a lot of landlords and developers live in a modest home.  Whilst you’re building up your business, it’s difficult to justify putting all of your cash into a splendid house for yourself and your family.  I’ve reached a point where expanding doesn’t seem worthwhile, particularly with section 24 tax changes.  The Prudential Regulation Authority underwiting changes have also made it harder to refinance, the government’s way of applying the handbrake. Luckily I did some refinancing before the changes and have positioned myself to buy a home [...]