Capital Gains Tax: Owners of second homes and buy-to-lets that they have previously lived in should be aware that as from April 2020 the tax relief period allowed against capital against tax (CGT) will be reduced. As it is a present,when you se
Letting Agent Contracts: One common question asked by landlords is, "how do I terminate my relationship with my letting agent?"For one reason or another, landlords sometimes wish to end their relationship with their letting agent and want to know how to go about it.Requests
General Election: Part of Laboursbid to be elected on 12th December is a raft of taxraising measures aimed at buy-to-let landlords and second homeowners. Jeremy CorbynsLabour party manifesto launch last week outlined a n
Condensation andmould : This time of year,as the temperature drops, both new homes and old homes aresusceptible to the formation of condensation and unsightly mould: newhomes because they are effectively a sealed box, and old homesbecause they often lack ef
The colder weather is here again, its that time of year coming; you feel that cold chill in the air, the snow and ice will soon arrive, and you know its time to get out that winter coat, scarf and gloves.You also know that cold wet weather on the way will test your rental properties and tenant
Portfolio Landlords: Buy to let lender Paragons recent research shows that professionaland larger-scale landlords are still investing and are increasing the size oftheir portfolios through more targeted investments. With an average portfolio
New rules that came into force in March allow https://www.independent.co.uk/news/business/news/landlords-sue-cold-damp-homes-law-tenants-renting-housing-a8776671.html" tenants to sue landlords for issues like cold and damp. A broken heating system or poor ventilation that
Commercial Property : A recent High Court decision in Co-Operative Group Food Ltdv. A&A Shah Properties Ltd (2019) relates to an authorised guaranteeagreement (AGA) dispute, in this case an agreement involving a guarantor of theoutgoing tenant. <p id
The Government has announced its intention to scrap Section 21 notices for eviction in an effort to offer tenants more long-term security.
Commercial: A new set of mandatory rules introduced from 1stApril 2019 and though the document itself is titled a first edition, itsupersedes 3 previous editions published as codes of practice. The RICS (Royal Institution of Ch
Security: Renovating a buy-to-let property can be a great way for landlords to increase the rental income
Abandonment: When times get hard the instances of tenants leaving without notice are known to increase. Doing a runner�, skipping� moonlight flitting� walking away� or gone away� and in the words of the immortal song;
Tenancy Deposits: According to TDS (Tenancy Deposit Scheme) less than 1% (0.85%) of tenancies they handle have resulted in a deposit dispute in the year to March 2018, nevertheless its important to get it right when dealing with tenants' deposits.Cleaning was the most com
Viewpoint by Tom Entwistle As winter approaches outside temperatures drop and the perennial landlords problem of winter condensation and black mould rear their ugly heads again.The question is, how do you know if this is caused by the building or the tenant, or is it a co
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: 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: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 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
Bank of England warns landlord exodus from rental sector as taxes and policies drive investors away, worsening housing supply crisis.
The future of new rented accommodation in the UK will be developments where all facilities including transport, shops and services including schools are all within 15 minutes of a tenants property, it has been claimed. This comment was made during a https://www.savil
Landlords are calling on the Government to review how they are taxed after new figures reveal the devastating impact higher levies are having on the private rented sector. The National Residential Landlords Association (NRLA) says new research conducted on its behalf by co
Two out of three HMO landlords in Portsmouth plan to call it quits this year, largely prompted by the launch of an additional licensing scheme in September. Portsmouth & District Private Landlords Associations survey found that this would mean a loss of 348 rooms which, e
A Government investigation into damp and mould in the social housing sector has disclosed initial findings which show a significant number of homes in the social sector are affected by this problem. On Thursday (2 February) the Regulator of Social Housing (RSH) published a <a hr
The property industrys Rumble with the Agents charity event is to host its eighth evening of boxing and fund-raising in North London on Thursday 22nd June, it has been announced. <figure id="" class="w-richtext-figure-type- " data-rt-type="" dat
The Bank of England has raised interest rates for the 10th consecutive time as it battles inflation - a move likely to hit thousands of investors with variable rate mortgages and those forced to renew fixed-rate deals. The base rate has gone up by half a percent to 4%, the highe
Englands HMO market has shrunk by more than 21,000 properties in the last two years as local councils ramp up planning rules and licensing schemes. Numbers were down by -2.4% to 489,701 last year, having already seen a -1.7% drop in 2021, according to figures from Octane Capi
The boss of online lettings platform lettingaproperty.com is determined to overcome landlords inertia to switch from using high street agents. Jonathan Daines admits its a challenge as 95% of landlords still use agents, with the ingrained belief that the online process wil
Warwick Council has handed out its first banning order, to rogue landlord Grzegorz Surminski who sub-let a dangerous and unlicensed HMO.
A landlord has failed in a bid to overturn his banning order on the grounds that his convictions were spent by the time it was imposed by a First Tier Property Tribunal.
Nottingham council has launched a city-wide ‘good landlord’ accreditation scheme and offered those who join the scheme a 10% reduction on fees for its private sector licencing schemes.
A director of the Scottish Women’s Premier League (SWPL) who defrauded her elderly landlord out of £30,000 has been jailed for six months.
Two selective licencing schemes operated by Wirral Council in and around Birkenhead have been renewed with a further two schemes about to be launched following a consultation.
Landlords in Brighton and Hove face a £500 charge if they are handed an improvement notice, as part of a council crackdown on failing properties.
One of the key arguments used by housing campaigners to criticise the private rented sector and its landlords has been contradicted by the latest English Housing Survey.
A tenant who stole almost £2,000 of furnishings from his elderly landlord has been handed a suspended jail sentence
A cross-party group of MPs and peers has warned that the government needs to get its Renters Reform Bill right if it is to avoid exacerbating the housing crisis.
US based CoStar, a force to be reckoned with in property, has completed a takeover of UK property portal, OnTheMarket.com
Three students have threatened to take their landlord to tribunal for allegedly flouting eviction ban regulations which meant they were forced out of their flat while studying for exams.
A rogue landlord who used a fake name to evade the law has been handed a whopping £485,000 in fines after he was found illegally renting out a large shed as five flats.
US bank predicts turnaround in UK property market - inflation down to 3 per cent in two years
Landlords in one of London’s biggest boroughs face a new selective schemes following a consultation launched by Lambeth council.
More landlords to be priced out of BTL as rent increases slow from their peak
An SNP MP has made another attempt to prevent PRS landlords from evicting benefit tenants who are in arrears.
A property start-up hoping to the next big thing in the student housing market is looking for a £5 million cash injection to help it launch across four more cities.
Landlords in Wales need to update their occupation contract templates after the Welsh government amended part of the document.
The world of property deal sourcing is to become better regulated following the launch of a new partnership between the sector’s trade association and the Property Redress Scheme.
A property lawyer has warned that HMRC believes buy-to-let landlords may be under-declaring taxes, and that it has them in their sights.
Twice the number of landlords with one or two properties plan to sell up compared with those who own more than 10 properties, according to a new survey.
A landlord who tried to challenge a tax fine by unwittingly using fake rulings generated by an artificial intelligence (AI) system like ChatGPT has had her appeal dismissed.
Landlords in Lewisham are the latest within the London to face a selective licencing scheme now that permission has been granted by the Secretary of State for the scheme.
Three-quarters of buy-to-let landlords (76%) increased rent during the past 12 months, most of whom blamed higher mortgage costs.
The government has given the go-ahead to Brent’s selective licensing scheme, with the council labelling it, “a major win for both renters and landlords”.
