The Daily Dam: Buy-to-Let Rate Cuts, Pet Requests, and Pricey Evictions

Welcome back to The Daily Dam! I’m Barry, here to chew through today’s property news so you don’t have to. Let’s get biting.

NatWest Joins the Buy-to-Let Price War

NatWest is finally joining the fray, slashing rates for new and existing customers. Lenders are actually fighting for your business again, so if your fix is ending, don’t just roll over—shop around! 👉 Read more on NatWest’s rate cuts

Pet Requests: “No” Needs a Real Reason Now

New government guidance on pet requests has dropped. Under the Renters’ Rights Act, you have 28 days to reply if a tenant wants to move Sir Barks-A-Lot in. “Because I don’t like cats” is no longer a valid excuse. Get your paperwork tight and a proper policy in place, or expect to get bitten at the tribunal. 👉 Check out the new pet request guidance

The True Cost of Evictions

Speaking of biting… evictions. The NRLA warns that court fees alone will chew through hundreds of pounds before you even factor in solicitors or void periods. 👉 See the full breakdown of eviction costs

Landlord Incomes Hit Record Highs

But wipe those tears, because landlord incomes have just surged to a record high! Average incomes are sitting at a very cushy £89,000—up 16 grand from last year. Yes, the red tape is thick, but letting property is still bringing in the goods. 👉 Read about surging landlord incomes

Useless Agent Fined a Whopping… £50

Finally, a landlord just won compensation because their managing agent completely botched handling a complaint. The Property Redress Scheme stepped in and slapped the useless agent with a massive, eye-watering fine of… fifty quid. The real lesson? Make sure your agents actually know how to reply to an email, or their incompetence becomes your headache. 👉 Read the full story on agent compensation

Keep your teeth sharp and your portfolios dry. See you tomorrow!