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Tax on income from lodgers and short stay tenants

Tax on income from lodgers and short stay tenants

Information

Landlords' Tax: Internet sites, such as AirBnB, have increased the number of landlords letting to lodgers and to guests on short stays. There are specific tax benefits to this type of letting business which are expanded upon below.Furnished holiday letting</st

Section 21 Notices - for older tenancies in England

Section 21 Notices - for older tenancies in England

Information

Section 21: Most tenancies will never require the service of a Section 21, Housing Act 1988, (eviction) notice. However, on those occasions when it does become necessary, and you just never know, landlords (and agents) will thank their lucky starts they complied with the rul

Asbestos and Your Responsibilities as a Landlord

Asbestos and Your Responsibilities as a Landlord

Information

Asbestos:Asbestos regulations were last updated in 2012 , bringing the UK in line with EU regulations, which means the current regulations have been in place long enough for most

The importance of a Tenancy Application Form

The importance of a Tenancy Application Form

Information

The Application Form You should always use a comprehensive Tenancy Application Form when taking on a new tenant. You need a completed application for each adult tenant in the property.The Tenancy application form is a very important starting point for any residential or comm

Assured Shorthold Tenancy Ends

Assured Shorthold Tenancy Ends

Information

End of an AST: Questions: What happens when an Assured Shorthold Tenancy (AST) comes to an end? Will the tenant have to leave or does she need to sign a new agreement? What if a tenant wants to leave early? How long can a periodic tenancy last?When the fixed term (minimum of

Freehold, Shared Freehold or Leasehold?

Freehold, Shared Freehold or Leasehold?

Information

Landlords often buy flats which are either Leasehold or Shared Freehold. What are these tenures and what should landlords look out for in these different forms of ownership?Leasehold is one of three forms of tenure (property/land ownership) almost exclusively peculiar to the United Kingdom, thoug

My Tenant Won't Allow Access!

My Tenant Won't Allow Access!

Information

Landlord's Access to Property: Many landlords will have experienced a tenant denying them access to a property - whether for an inspection, viewings or legal duties. Its easy to understand the view of Its my property, I can enter when I want, but unfortunately th

New Section 21 Rules

New Section 21 Rules

Information

New Rules for Section 21 :Landlords and Agents need to be aware of the changes affecting Section 21 rules and Notices and other changes for the letting of residential properties in England (and in many cases Wales) introduced during 2015 . This article explains the new rules

New algorithms to calculate EPC ratings

New algorithms to calculate EPC ratings

News

Many landlords have long suspected that the DCLG approved national calculation methodologies and software programs were seriously flawed when they produced EPC ratings for buildings following energy assessments.So news that new software is being introduced which is claimed to be more accurate is

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Property licencing schemes should last for ten years, MPs are told

Property licencing schemes should last for ten years, MPs are told

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Comment has been made the Chartered Institue of Health Officers, which says such schemes should be the key tool for improving PRS home quality.

No change to CGT - but four landlords say 'we’re out!'

No change to CGT - but four landlords say 'we’re out!'

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Despite the overall good news, many landlords have remained in brace position and have reached out to exit the market and sell their buy-to-lets.

Stamp duty increase 'will reduce investment in private rented sector'

Stamp duty increase 'will reduce investment in private rented sector'

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Property auctioneers gave revealed its concerns about the Chancellor’s decision to raise Stamp Duty for those who purchase buy-to-let properties.

Prince William to 'upgrade estate' featuring mouldy rental homes

Prince William to 'upgrade estate' featuring mouldy rental homes

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Prince William has promised to upgrade the private rental properties he rents out via the Duchy of Cornwall after reports over the weekend.

Tenant activists call for 'harsher' renting reform bill

Tenant activists call for 'harsher' renting reform bill

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A lobbying group for renters’ rights is hoping to persuade MPs to make the Government’s renting reform legislation regulated landlords even harder.

COMMENT: Autumn Budget 2024

COMMENT: Autumn Budget 2024

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News
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Investors, business owners, landlords and pension savers were braced for a painful attack on their assets, gains and savings

Scotland to limit rent rises to official inflation rate

Scotland to limit rent rises to official inflation rate

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The Scottish Government has announced a new inflation-linked rent cap in its Housing Bill in a bid to balance supporting tenants with protecting landlords’ property rights.

Leading research institute slams Chancellor over stamp duty hike

Leading research institute slams Chancellor over stamp duty hike

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The Institute for Fiscal Studies (IFS) has slammed the Stamp Duty rise for landlords, warning that tenants will suffer as a result of the Budget announcement.

Bringing back empty rental homes should be 'biggest priority' says landlord

Bringing back empty rental homes should be 'biggest priority' says landlord

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Landlords should be encouraged to renovate and repurpose their empty properties to help resolve the housing crisis, according to one landlord.

Court approves tough bankcruptcy limits on 'property guru'

Court approves tough bankcruptcy limits on 'property guru'

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Infamous property guru Glenn Armstrong, who misled dozens of investors by promising to make them rich, has been handed tough bankruptcy restrictions lasting 12 years.

Tenant pockets £5,000 from Tribunal after realising HMO was unlicenced

Tenant pockets £5,000 from Tribunal after realising HMO was unlicenced

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A tenant who discovered that his landlord had not licenced the HMO in which he lived is to pocket £5,000 after winning a rent repayment order (RRO) during a Tribunal hearing.

Spring Budget shortfalls: What was missing for landlords?

Spring Budget shortfalls: What was missing for landlords?

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Budget fails buy-to-let landlords – tax reliefs slashed and housing crisis ignored, despite CGT cut and NI tweaks.

Murder conviction bars landlord from running rental properties

Murder conviction bars landlord from running rental properties

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A landlord who was jailed for culpable homicide in 2008 has been refused permission to rent out flats in Glasgow, despite claiming he has taken ‘responsibility for his actions’ and moved on.

Escalating 'housing emergencies' are Government's fault, say Scots letting agents

Escalating 'housing emergencies' are Government's fault, say Scots letting agents

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Letting agents have blamed poor Scottish government policies for the growing number of councils declaring ‘housing emergencies’.

Heat pumps still 'too expensive' warns national spending watchdog

Heat pumps still 'too expensive' warns national spending watchdog

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Heat pump sales continue to be hampered by high costs, lown awareness and a lack of long-term financial support, the government’s spending watchdog has warned.

90% of landlords reject Scottish rent control plans, official poll reveals

90% of landlords reject Scottish rent control plans, official poll reveals

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Vast majority of landlords have flatly rejected future widespread rent control across Scotland, in a new Holyrood survey.

Landlord fined after tenant harrassment revealed in court

Landlord fined after tenant harrassment revealed in court

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News
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A landlord has been ordered to pay £2,500 in fines, compensation and costs after he admitted harassing two of his tenants.

Will landlord MPs stymie the Rental (reform) Bill?

Will landlord MPs stymie the Rental (reform) Bill?

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Momentum appears to be growing to torpedo the controversial legislation as evidence emerges that the Bill is ‘close to collapse’ in Parliament.

Should a good rent payment record count towards a mortgage application

Should a good rent payment record count towards a mortgage application

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It used to be the case that renting was a temporary phase in a young persons life. It gave flexibility until their career settled down to a fixed employer and a fixed location. But todays property prices mitigate against this pattern. Many people are locked into renting fa

Generation Rent calls for big landlord regulation push in Wales

Generation Rent calls for big landlord regulation push in Wales

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Generation Rent has urged the Welsh government to introduce an ombudsman for the PRS along with more grounds for rent repayment orders (RROs) in order to improve tenants’ lives.

80% of landlords say banning Section 21 evictions 'a mistake'

80% of landlords say banning Section 21 evictions 'a mistake'

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The vast majority of landlords and letting agents view the Government’s plans to abolish Section 21 evictions as a mistake, a new report has revealed.

Hunt's Spring Budget hid 'stealth' tax grab on landlords via CGT rules

Hunt's Spring Budget hid 'stealth' tax grab on landlords via CGT rules

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Jeremy Hunt’s recent Spring Budget hid a ‘steal tax’ on landlords seeking to sell properties after April 1st, it has been claimed.

Time ticking away for Bill prompts fresh concerns

Time ticking away for Bill prompts fresh concerns

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Fears are growing that the government is going soft on its commitment to the Renters Reform Bill.

Surge in fines for Right to Rent non-compliance

Surge in fines for Right to Rent non-compliance

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An increasing number of landlords and letting agents are falling foul of Right to Rent rules, with a big rise in fines handed out last year.

Landlord turns up heat on TV show with winning pitch

Landlord turns up heat on TV show with winning pitch

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An HMO landlord and entrepreneur has secured £80,000 worth of funding on Dragons' Den for his thermostat business.

Landlords fail to avoid London borough's HMO clampdown

Landlords fail to avoid London borough's HMO clampdown

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Haringey Council is launching a new additional HMO licensing scheme despite limited backing from landlords and tenants.

Renters face growing struggle to pay rising rents

Renters face growing struggle to pay rising rents

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News
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Rent-to-income ratios in the UK have reached unsustainable new highs, forcing renters to spend a third of their wages on rent.

One council goes against the grain with short-term lets

One council goes against the grain with short-term lets

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Northumberland council has refused owners consent to convert their short-term holiday let cottages into permanent private residences.

AI firm urges landlords to embrace 'snooping' sensors

AI firm urges landlords to embrace 'snooping' sensors

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News
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Landlords in the South West are being encouraged to access technology that detects heat loss, draughts, damp and mould.

Landlord to pay £220,000 after illegally converting flat

Landlord to pay £220,000 after illegally converting flat

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A rogue landlord firm which illegally converted a property into six flats and ignored an enforcement order has been ordered to pay more than £220,000.

Big London council reveals carrots and sticks for landlords

Big London council reveals carrots and sticks for landlords

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Hackney Council has promised landlords financial support to stay in the PRS while beefing up licensing and getting tough on short-term lets.

Record number of landlords taking courses, says NRLA

Record number of landlords taking courses, says NRLA

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Record numbers of landlords pursuing training, says NRLA—upskilling on the rise.

Chancellor's tax grab set to make housing crisis worse - claim

Chancellor's tax grab set to make housing crisis worse - claim

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Abolishing Multiple Dwellings Relief will intensify problems of chronic undersupply in the property market, according to one tax expert.

Landlords reprieved from new empty homes crackdown

Landlords reprieved from new empty homes crackdown

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Landlords who are preparing a property to let or waiting to find a tenant will get a reprieve from empty homes council tax premiums.