Landlords will face an additional average charge of more than £7,000 from tomorrow when buying a property thanks to an uplift in Stamp Duty charges.
Nick Lyons, chief executive of inventory experts No Letting Go give his view on the measures announced yesterday in parliament by Rachel Reeves.
The Labour Government has ramped up its increasingly anti-landlord policies by increasing the stamp duty they pay when buying rental properties from 3% to 5%.
Chancellor Rachel Reeves increases stamp duty surcharge to 5% for second homes and buy-to-let properties, effective from 31 October 2024.
A rogue landlord has been handed a £7,000 legal bill for renting out three dangerous flats containing a raft of faults.
Generation Rent has urged Chancellor Rachel Reeves to tax landlords harder in her first Budget by making them pay NI contributions.
A leading property lawyer has described a campaigning MP’s latest attempt to usher in harsher regulation of short-lets in holiday hotspots as ‘intensely impractical’.
Labour has committed to regulating estate agents in a bid to oust the rogue operators within the sector who give the wider industry a bad name and often cost landlords money and time when their services fall short of minimum standards.
Manchester mayor Andy Burnham is to make a keynote speech at the NRLA’s annual conference in Birmingham next week.
Landlords face an ongoing buy-to-let investment challenge as a new report reveals that a third of all homes for sale in Britian have an EPC rating below a C.
A letting agent who allowed a criminal gang to use landlords’ empty flats to hide cash and drugs has been given a community sentence.
A rogue landlord who threatened to evict his tenant after she complained about dodgy utilities bills has been handed a huge court fine.
Landlords, tenants and letting agents are being asked to reveal their experiences of the private rented sector within a new national survey.
Insurance company Zurick UK warns that many Permitted Development (PD) conversions could become uninhabitable
Following the Prime Minister’s comments that he does not consider those who earn income from property as ‘working people’, TV star Paul Shamplina has said he does not agree, pointing out that many landlords work hard - and rarely for the 'millons' some activists claim they do.
The government should advise landlords to look at property location and an animal’s medical history when deciding whether to refuse pets, according to a campaigning animal charity.
Landlords in Wales could get stamp duty relief for renting out their properties through the Welsh government’s Leasing Scheme Wales.
A property and tenancy management app originally designed for the social housing sector is offering its service to private HMO landlords.
Fergus Wilson has questioned whether new Reform UK leader Nigel Farage would restore Landlord Tax to the previous headline rate and put Capital Gains Tax down to a flat 10% for all landlords - the level of tax paid if held in a company.
Generation Rent has called for private rented homes to be brought into public or tenant ownership in its list of demands for the next government.
The rise of ‘built-to-rent’ homes as a major competitor for tenants with private landlords took a leap forward this week after two US firms revealed they had bought 1,750 homes off a UK builder that will now be rented out rather than sold.
When the terms of a commercial renewal lease cannot be varied in the agreed between the parties, according to the provisions of the Landlord and Tenant Act 1954
Nearly a quarter of mortgages on mid-rise flats required an ESW1 form this year, despite government promises that leaseholders in these blocks affected by the cladding scandal would no longer need one when selling or remortgaging.
Labour is likely to reintroduce the Renters (Reform) Bill in a similar form if it wins the election and has already confirmed its view that the court process needs speeding up.
Any new government must continue to encourage private landlords if it is to effectively tackle the housing crisis, according to property lawyer David Smith.
Calls are growing for a thorough overhaul of the EPC regime amid claims that the information in many could be inaccurate and misleading.
Private tenants are still renting their homes for longer than they did a decade ago, according to analysis by Zero Deposit.
After a slew of bad news, this week’s headlines come as a welcome relief for landlords looking to sell. The Telegraph reported that despite higher rates and regulatory risks around rentals, a wave of new investors had entered the market, stepping in to take portfolios off landlords’ hands.
A business that rents out properties via Airbnb on behalf of landlords has raised another £1.75 million from investors, taking its total raised since 2016 to £12 million.
The Build-To-Rent (BTR) sector now accounts for 10% of all UK real estate investment after a record-breaking year.
The government has launched plans to slash ground rents on existing leaseholds as part of a consultation into widescale reform.
County courts are taking over half a year on average to process legitimate evictions by landlords and agents, it has been revealed.
A property management company has slammed its local council for charging a student accommodation block nearly £45,000 under the selective licensing scheme.
Landlords should be allowed to offset spending on insulation and energy-saving improvements against tax, according to the Liberal Democrats.
The tough economic conditions bearing down on landlords are starting to push up mortgage arrears, latest data from lenders’ trade body UK Finance has revealed.
New research by Generation Rent reveals that white people are 36% more likely to receive a positive response when applying to rent on SpareRoom than black people.
Signs that the Government’s assault on landlords coupled with higher mortgage costs are chasing more out of the market than usual have come from the Royal Institute of Chartered Surveyors (RICS) this morning.
Theresa Villiers warns court delays risk worsening landlord exodus and housing supply issues, urging reforms before Section 21 abolition.
Coventry Council is hailing its crackdown on unlicensed HMOs a success after it fined landlords more than £100,000 in just two of the city’s streets.
A notorious rogue landlord and his property management company have been handed a staggering £480,000 fine for renting out an HMO so damp that mushrooms were growing on the upper floors.
The UK’s housing market is past ‘peak pain’ after a rollercoaster 12 months and is forecast to grow by 17.9% – equivalent to a £45,521 gain on the average home – within five years.
A legal expert has warned that landlords face prosecution for running illegal HMOs if tenants follow Airbnb’s suggestion that they sub-let their homes.
King Charles has heralded the government’s commitment to the Renters Reform Bill in his first King’s speech as monarch.
Homes bought by landlords to rent out via short-let contracts create gross returns of between 12% and 20%, an estate agency has claimed.
Will the Renters (Reform) Bill progress and ban Section 21, despite mounting opposition from Conservative back-benchers?
A rogue landlord firm has been handed a £18,300 fine for letting out an unsafe, unlicensed property - only three months after being fined for the same offence in the same building.
Government's Leasehold and Freehold Reform Act 2024 excludes flats from new leasehold ban, prompting MPs to call for broader reforms.
A third of landlords who own rental property in their personal name plan to incorporate their portfolio into a limited company structure within the next three years, according to Paragon Bank.
Rogue landlords who assume they can convert outbuildings into ‘sheds with beds’ have been reminded of the likely fines they will face following a shocking case in Hertfordshire.
The Prime Minister has confirmed that the Renters Reform Bill will be carried over to the next Parliament, as part of this week’s King’s Speech.
The National Landlords Association (NRLA) has backed claims that the buy-to-let sector faces a significant subletting epidemic following an investigation by a national newspaper.
Exploring challenges in overhauling England's leasehold system amid calls for reform and government proposals to shift to commonhold ownership.
