PRESS RELEASE from THE LANDLORDS UNION (Property118 Action Group)
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How private landlords can avoid finance cost restrictions Research conducted by Property118, “The Landlords Union” into new landlord tax legislation by has revealed that, with proper planning, many more of the worst affected private landlords will be in a position avoid the effects of restrictions on finance cost relief than previously thought. What’s more, they… Read more
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Portfolio mortgages – To be or not to be?
We have 4 properties on BTL mortgages, all being in joint personal names with partner and high street lenders. Our LTV is ~60% on all properties, mostly because of higher value as being in London. The median rates is 1.8% with most on 2 year tracker. I wonder if we should go for portfolio mortgages?… Read more
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6.52 sq metre minimum room size for HMOs
The Government has proposed a minimum room size of 6.52 sq metres (70 sq feet) for individuals or couples living in an HMO. This is in an effort to stop tenants from being crammed into overcrowded properties and to set minimum standards creating a level playing field for good landlords. This proposal will only relate… Read more
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Why Ireland Is Reversing Finance Cost restrictions For Landlords
In 2009 the Irish government disallowed 25% of the interest cost in calculating a landlord’s taxable profit. This was retroactive because it applied to properties that were already owned, not just future purchases. This was partly amended as from 1 January 2016 because of the shortage of accommodation for tenants in receipt of certain social… Read more
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LANDLORDS RESPOND TO NEW OVERCROWDING MEASURES
Commenting on the proposals published today by the Government to tackle rogue landlords, RLA Policy Director, David Smith, said: “We agree that tackling criminal landlords must be a priority. “We wait to see the full details, but powers are already available to tackle overcrowding which is about the number of people crammed into a room, […]
The post LANDLORDS RESPOND TO NEW OVERCROWDING MEASURES appeared first on RLA Campaigns and News Centre.
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Brexit vote does not dim buy-to-let
Buy-to-let has bounced back since the Brexit vote as the UK property sector fights back against government efforts to rein it in, new figures reveal. Rising numbers of properties are being listed online for rent amid growing purchase enquiries from potential buy-to-let investors, research has found. Rightmove, the leading property website, told the Financial Times […]
… LandlordZONE.
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Retainer for cleaning and deposits?
With reference to retainers and deposits, if a Landlord puts his/her property in the hands of a letting agent on a fully managed service, when the fees are all calculated for the prospective tenant to pay, can the Landlord ask for a £200 retainer on top of the deposit and all the agents fees and… Read more
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Welsh Government will not axe 3% surcharge on buy-to-let homes
The 3% surcharge on buy-to-let homes will continue to be levied in Wales – despite hopes it would be ditched when the new Land Transaction Tax comes into force. Stamp duty land tax will be devolved in April next year and RLA has been campaigning for Westminster’s 3% stamp duty levy on the purchase of […]
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Shelter wrong on rented housing
Shelter’s ongoing assault on the private rented sector is plain wrong. As it today publishes statistics on the standard of rented housing in the UK, Shelter fails to explain why the English Housing Survey found 82% of PRS tenants are satisfied with their accommodation – a higher proportion than the social rented sector. Shelter’s report refers to the instability […]
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The correct way to end shared AST?
My 3 tenants have a joint AST agreement. Unfortunately, 2 want/need to leave (been offered better job outside London/ having year out traveling). The remaining tenant wants to stay but doesn’t know 2 others to share with. I absolutely do not want my lovely flat turned into an HMO, so I am now having to… Read more
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