In an apparent re-run of Harold Wilsons 1970s investment income tax surcharge, Labour plan to re-introduce such an additional layer of tax to what is termed unearned income�. The Wilson Labour government applied an investment income surcharge of 15% and kept the top rate
According to a recent report by estate agents Hamptons, over the last four years the number of landlords operating their buy to let business through a limited company has doubled. There were 47,400 new buy-to-let companies incorporated in 2021 right across the UK, the figures be
Landlords and letting agents will soon be able to carry out quicker https://www.landlordzone.co.uk/news/updated-advice-for-landlords-on-right-to-rent-checks-due-in-new-year/" right to rent checks on British and Irish citizens. From 6th April, Identification Do
An energy expert has sought to reassure landlords that they may not need to spend huge sums retrofitting their properties to raise EPC ratings at least not in the short term. <figure id="" class="w-richtext-figure-type- " data-rt-type="" data-rt-align=""><div><img src="https://upload
Just as residential landlords are contemplating the costs of bringing older properties up to the proposed new standard - very likely EPC band C� required by December 2025 - so too are commercial landlords.<br> See: https://www.landlordzone.co.uk/news/compulsory-epc
Compulsory EPC band C by 2025 causing confusion There have been recent confusing reports put out that from 2025, all newly rented properties in England & Wales will be required to have an EPC rating of band C or above. This is somewhat misleading and jum
LandlordZONE sits down with one of Londons most prolific but little-known landlords who has spent 30 years amassing a huge portfolio in the East End and West End areas of the capital. For reasons of privacy, and a desire to remain behind the scenes, he doesnt want to
So, we ended 2021 after twenty-one months since the first Covid lockdown with the new variant, Omicron, spreading fast, and with Wales, Scotland and Northern Ireland putting in stricter measures and speculation that England may follow with an announcement early in the New Year.
An example of the difficulty of prediction is the conclusion to a detailed study recently published on the private rented sector by the London School of Economics (a study commissioned by the NRLA) Individually and cumulatively, the recent tax changes
A lettings agency boss and landlord has been slapped with a �40,700 Rent Repayment Officer despite claiming that his failure to licence an HMO was an honest mistake. A First Tier Property Tribunal handed five former tenants the maximum award for the period from September 2019 t
Scotland’s Housing Bill proposes rent controls, winter eviction bans, pet rights & tougher eviction penalties in private sector overhaul.
Bristol has approved plans to extend landlord licensing in Brislington West, Bedminster and Horfield wards in a bid to raise PRS standards. The scheme includes additional licensing - HMOs with three or more unrelated people sharing facilities and selective licensing - privat
Durham County Council's selective licensing scheme covers 29,000 homes, requiring landlords to apply by 31 July for a £350–£500 licence fee.
This is a Local Government and Social Care Ombudsman case involving an unnamed landlord (LandlordX or MrX) and Brentwood Borough Council. The case revolves around a common situation where the landlord required possession of the property after serving a valid section 21 notice un
I've been in the property investment business for almost 30 years and during this period opportunities have come and gone but I've yet to discover an asset class that perf
Ever since I started to market one of my commercial buildings around 10 years ago now, I began to doubt the efficacy of the EPC rating system. The guy that came along to do the inspection told me himself he had just completed a 6 week course, or whatever it was, to train to be a
Social and private landlords are to face tougher new rules which make it mandatory to fit smoke alarms in all rented accommodation regardless of tenure, and widen the conditions under which they must be fitted. Revisions to the smoke and carbon monoxide detector regulations also
If you had �50k to invest right now, where would you put it, buy-to-let property or stocks and shares? Certainly leaving it in a traditional savings account, with interest rates as they are at rock bottom, thats out of the question. And with the threat of rising inflation ea
Under the Renters' Rights Bill, tenants can request to keep pets, with landlords required to respond within 28 days and may require pet insurance.
The Government wants to make it a 'duty' for landlords to respond to requests from disabled tenants to make communal spaces outside their homes more accessible. A consultation on the proposals has been launched by equalities minister Kemi Badenoch (main pi
It may have gone unnoticed by many landlords that Boris Johnson made one of the most extraordinary attacks on the sector in living memory last week. And it is fair to say, one of the most unfair. Most landlords have become accustomed to the government's frosty rhetoric over the
The government has finally updated the guidance it provides to property assessors on how to calculate EPCs for new homes and, in six months time, for existing homes too. This is the first time the methodologies of calculation have been updated for almost ten years for t
A professional landlord has scored a partial win against his council fines for charges relating to gas safety inspections. Mahendra Maharaj , who owns 78 properties in Liverpool, had been fined �9,000 by the city council a decision confirmed by a First
Boris Johnsons pledge to reform the housing market will see the government launching a dusted-off version of David Camerons right to buy scheme for social housing in order to turn the tables on private landlords, his housing secretary Michael Gove has suggested. During a s
The self-employed who took advantage of the multi-billion pound self-employed income support scheme (SEIS), claiming grants they were not entitled to, when they were either not trading at all, or their profits did not fall within the specified limits, are now being asked to pay the money ba
Experts discuss the implications of abolishing Section 21 evictions, including potential delays, increased court burdens, and impacts on tenant mobili
While in England the housing minister Eddie Hughes has just https://www.landlordzone.co.uk/news/breaking-minister-confirms-government-will-not-consider-rent-controls-in-england/" target="_blank" ruled out rent controls , in Scotland, Wales, Northern Ireland and the Irish R
Economic headwinds are set to shrink purchases in the buy-to-let market by 7% next year to £9 billion, predicts UK Finance.
Landlords in Norwich are chasing thousands of pounds in rent payments from a letting agency which appears to have gone under.
Hundreds of tenants have staged a protest in central London calling for the government to introduce rent controls.
One of the UK’s larger national parks is planning to stop any new homes that are built within it being used as holiday/short lets or second homes.
A crucial task for landlords and agents is to correctly serve statutory notices and other documents
Property experts are pondering what the government might name new tenancies created by the Renters’ Rights Bill.
A district council has come up with a set of exceptional circumstances to help decide when to give the go-ahead to new HMOs.
A landlord in Liverpool has secured £2.3 million to refinance eight student HMOs within the city and unusually has gone public about the deal.
A letting agent has criticised police who failed to act when vandals threw a brick through one of his tenant’s windows.
The never-ending onslaught of landlords, including the abolition of Section 21, tough EPC rules, and changes to stamp duty, have left landlords fed up and thinking of throwing in the towel.
A tenants’ champion has slammed energy companies for failing to help renters with energy bill problems at HMOs.
Northwood letting agency in Romford has gone bust, leaving angry landlords out of pocket.
Most landlords who voted Labour wouldn’t do it again, a new survey from buy-to-lender Landbay has found.
Surveyors are the latest group to report a cooling rental market in the UK, with a slowing in demand among tenants for the first time since 2020.
Reading Council has given the go-ahead for an additional licensing scheme in the town – and defended the rising costs set to hit landlords.
Generation Rent has urged renters to get more MPs backing amendments to the Renters’ Rights Bill.
Rental growth in the UK has dropped to 3.9%, its lowest level in more than three years and down from 9.1% a year ago.
Demand for accessible homes is growing as the tenant population ages, a leading estate agency has reported, calling on Labour to help landlords finance upgrades.
With substantial capital gains gathered within your properties, selling the whole portfolio will probably leave you exposed to a substantial capital gains tax bill
The Welsh Government has followed its counterparts in England and Scotland and raised the stamp duty that landlords buying rental properties must pay, effective from tomorrow.
Landlords may need to prepare for a turbulent and potentially very costly ride once the Renters’ Rights Bill becomes law, a financial expert has warned.
A landlord has been ordered to pay six tenants a whopping £44,358 after failing to provide an excuse for operating an unlicensed HMO.
Tenants heading for retirement age are the fastest growing group privately renting in England, according to new figures.
Tenant group Acorn has protested outside a landlord’s shop after he refused to return a former tenant’s deposit in a dispute over a leak.
Edinburgh Council has responded to accusations of double standards when housing homeless people in 30 unlicensed HMOs by moving tenants out of the properties.
