Ireland consulting landlords on future taxation
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Having tried taxing landlords to the wall, then realising tenants couldn’t afford their homes after rents rose by up to 50%, it seems Ireland has woken up to the invaluable service provided by the PRS. A key highlight from the article reads: “The consultation document asks whether a tax relief comparable to the reliefs for… Read more
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SDLT when moving from rented into own home as a Landlord owning BTLs?
I am a landlord myself and am selling my own Principal Private Residence home to move into rented for approx 2 years. I understand the extra 3% SDLT may play a part if I stay in rented this long and then wish to buy another PPR property to move into. Should I move into one… Read more
The post SDLT when moving from rented into own home as a Landlord owning BTLs? appeared first on Property118.com.
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How I Validate Guarantors
Checking Guarantors: David Lawrenson, landlord, author and founder of LettingFocus.com, says too many tenants and would-be guarantors fail to appreciate that guarantors have to demonstrate that they have enough spare income to pay rent, if the tenant does not. Others fail to appreciate that we will want to reference and document-check them very carefully. If […]
… LandlordZONE.
View Full Article: How I Validate Guarantors
New Rugg Review welcomed
The RLA is welcoming the new Rugg Review into the state of the PRS announced today by the Nationwide Foundation. Since the last review was released in 2008 the private rented sector has changed almost beyond recognition, with more and more people living in rented homes. The foundation, an independent charity, is now funding the […]
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Finding it impossible to evict tenant
I have a tenant, who has not been paying rent since December 2016. I served Section 8 and Section 21 notice together in Jan 2017. I attended hearing under Section 8 Grounds (mandatory) for more than 2 months in arrears. During the hearing the tenant alleged that, he made December payment in Cash therefore he… Read more
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Nottingham CC stitch up – Artificially inflated distortion of the true facts!
Nottingham City Council are claiming that between 2013 to 2016 to have received 4500 complaints against the PRS in support of their plans for a city wide licensing scheme. In response to a Freedom of information request that I made the Council have admitted to spending £9,664 between 2014 and 2016 on advertising, specifically to… Read more
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Government rejects calls to halt Universal Credit roll out
The government has rejected calls to halt the roll out of Universal Credit. During oral questions to Ministers at the Department for Work and Pensions yesterday, Dr Eilidh Whiteford MP SNP, Banff and Buchan demanded the programme be stopped, claiming it was ‘simply not working’. She said: “Rent arrears are soaring, claimants are waiting up […]
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The long haul perspective for Landlords and financing
The Budget was a massive disappointment for Landlords. There had been hopes for a reversal of the incoming changes to tax relief on mortgage interest and stamp duty rates. Unfortunately, there were no such U-turns here. However existing Landlords and Portfolio owners can perhaps consider some of the positives and options: House prices are up… Read more
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Landlords should dismiss tax worries and carry on…
With the tax changes to mortgage interest relief looming as the biggest single issue affecting buy to let landlords in the UK, many have concerns about the future of their business. But, concludes Property Wire’s panel debate on the future of buy to let, “they should not worry about it, instead they should be “taking […]
… LandlordZONE.
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BREAKING: Client Money Protection set to become compulsory
Compulsory Client Money Protection (CMP) schemes are set to be introduced for agents under recommendations from a government working group. Under the new plans announced today agents found to be handling client money without having CMP will be fined or shut down. Those who receive fines for non- compliance should not be allowed to continue […]
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