Theresa May’s announcement yesterday that she is calling a June 8th election, subject to an MP’s vote today, which is expected to go through, has prompted responses across the industry.
Following this surprise announcement the Residential Landlords Association (RLA) has said that:
“While it is clear this campaign will be more about leadership of the UK thorough the Brexit negotiation process than domestic issues such as housing health and education, the RLA will be working hard to ensure candidates are aware of the devastating impact of recent tax changes on private renting… The RLA will be publishing a manifesto with key asks of the new government and encouraging members to contact local candidates, asking them to set out their views on the PRS.”
RLA Chairman, Alan Ward, said:
“As the campaign progresses, this election needs to put housing first…
“Over recent years, the private rental market has been hit by tax hikes, benefit cuts and growing regulations all of which are making it more difficult for tenants to access and afford a place to live. The same changes have made it harder for good landlords to provide the quality accommodation that tenants have a right to expect and have discouraged further investment in new homes.
“We need a housing market that works for all. The majority of landlords provide good quality housing and a good service to their tenants. The political parties need to recognise this and deliver for tenants and good landlords alike.”
Section 24 – Landlord Tax Webinar
On the Section 24 tax issue, James Davis of Upad is hosting a Webinar on Section 24 at 2pm today: Section 24 Live Panel Discussion – Free to join
Panel Discussion hosted by Upad.co.uk is with Kate Faulkner, Vanessa Warwick from Property Tribes, Martina Lees from The Sunday Times, Tom Entwistle from LandlordZONE, and Phil Dickinson from Charterhouse Accountants.
Webinar Details: Wednesday April 19th. 2pm Register here
The subjects include:
- What is Section 24?
- How tenants and landlords will be affected
- The impact of...
Section 24 on rental prices
- What will happen to the housing market?
- Will there be a U-turn?
Available across all Desktops, Laptops, Phones and Tablets
Meanwhile the National Landlords’ Association’s (NLA) latest Podcast, produced in collaboration with Inside Property, and posted 13th April, is discussing landlords’ options following the tax changes:
“Sell Up, Hold or Expand?”
“In April 2017, the long awaited tax changes affecting landlords and investors come into force. Is it time to sell up, hold or expand, particularly as many are facing a double whammy with the new regulation of buy to let mortgages by the Prudential Regulation Authority? Richard Blanco gets to grips with this conundrum with the help of private landlord Jamie Fraser, who is thinking of selling, Founder of Developer, East Eight, Nicole Bremner who is expanding her business, Ben Sheils Accounting Director from Micro Business team and John Cox, Principal of finance broker Mortgage-Desk,” says the NLA
Listen below now:
©LandlordZONE® – legal content applies primarily to England and is not a definitive statement of the law; always seek professional advice. Legislation changes, so check dates on these articles. If you have questions go to the LandlordZONE® Forums
— LandlordZONE (@LandlordZONE) April 19, 2017