Three-year tenancies to pile pressure on buy-to-let landlords

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According to UK Finance, buy-to-let lending for purchases has not increased for the last 18 months, and there is pressure on lenders to do more to encourage landlords to expand their portfolios. There’s strong speculation that three-year tenancies could be introduced within the next few days and some landlords are worried.

It is easy to see the potential issues facing a landlord with a rogue tenant, whose tenancy does not expire for more than two years, leaving no other option than to embark on the lengthy and costly section 8 process. My concern is that giving a new tenant a three year tenancy could be, at best, a gamble.

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The Real Estate Investing Rule To Follow: Buy Utility, Rent Luxury. Although spending $9,000/month ($108,000 a year) on rent sounds expensive,. Does it make sense to be a landlord for a “luxury” property and rent utility?.. now, and that will put downward pressure on lower priced properties over the next 2-3 years.

Helen Daniels moved to New York in June 1986, buying a beautiful but badly run -down. with tenants. These landlord-tenant fights sometimes involve middle- class tenants in. York, an outspoken ten-year-old advocacy group for small- building owners.. A look at three landlords' stories illustrates the perverse results of

Immigration Law Piles More Pressure On Landlords. Earlier in the year, The government announced plans to create a duty that would require landlords to conduct immigration status checks on tenants before providing residential accommodation.

Three-year tenancies to pile pressure on buy-to-let landlords The timing of the report therefore is rather auspicious given that the Government’s consultation on introducing minimum three-year tenancies in the private rented sector closed at the weekend, and landlords now await a decision with some apprehension.

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Strict new rules on evicting tenants will apply to landlords with older tenancy agreements from next week. The regulations affect tenancies in England that pre-date October 2015, and bring the eviction process for older contracts in line with those commenced more recently.