MP told tax changes will devastate communities
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New tax changes will force landlords to quit the market and send rents rocketing, an MP has been warned. Changes to mortgage interest relief, which will see landlords taxed on turnover rather than profit, will be phased in from next month (April) forcing some landlords to sell up and pushing rents up rents for tenants […]
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Philip Hammond is prepared to U-turn – Now put the pressure on to reverse Section 24!
Philip Hammond, Chancellor of the Exchequer, wrote that it is important to keep to the letter and spirit of the Manifesto and today announce a U-turn on the increase of Class 4 National Insurance Contributions in his budget last week. Now we have to get the occupants in Number 10 and Number 11 to reverse… Read more
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Civil penalties date for landlords
Landlords can be issued with civil penalty notices for housing beaches as of April 6th the government has now confirmed. Local authorities can implement fines of up to £30,000 for a range of offences, under the Housing Act 2004, including failing to comply with an improvement notice served by the council, and breaches of HMO […]
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Rochdale to renew failed licensing scheme
A failed licensing scheme in Rochdale is set to be renewed, despite warnings from the Residential Landlords Association that it isn’t cracking down on the crooks. Rochdale Council operated the additional licensing scheme for houses in multiple occupation (HMOs) for 10 years. It has now lapsed, but although the local authority admits the scheme […]
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PRS research by The Institute for Public Policy Research
I receive the email below from Generation Rent, and thought it might be useful to get input from the tenants of decent landlords. Therefore you may want to pass this on to your tenants. Dear Michael, The Institute for Public Policy Research (IPPR) is carrying out research into the private rented sector (PRS) in… Read more
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CGT question on ex-marital home
Hi, Please could you advise me on a CGT position on my husband’s ex-marital home that he has owned for 39 years. He purchased 1978 £15,450, met wife (now ex) who moved in 1990. Lived there together 1990-2006, then she would not move out to allow the house to be sold and proceeds split then,… Read more
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Oxford Council to guarantee tenants' rent
Guaranteed Rent: Oxford City Council plans to guarantee the rent of those tenants at risk of homelessness, a consequence of the introduction of the Homelessness Reduction Bill 2016-17. Under the Bill, local authorities will be required to help all eligible people – whether they are single or a family – for 56 days before they […]
… LandlordZONE.
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Landlords warned about using Gumtree on “Nightmare Tenants, Slum Landlords” Channel 5 TV show Wednesday 15th
“Nightmare Tenants, Slum Landlords” airs its second episode of the third series Wednesday 15th at 9pm on Channel 5 which explores the fallout one landlord faces after deciding to let her property through Gumtree. Despite not knowing much about how Gumtree operates, Vicki McNaught made the decision to list her property on the site as… Read more
The post Landlords warned about using Gumtree on “Nightmare Tenants, Slum Landlords” Channel 5 TV show Wednesday 15th appeared first on Property118.com.
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Selective Licensing Approved in Scarborough
Scarborough Borough Council have announced plans to go ahead with Selective Licensing in parts of the Castle and North Bay wards, following a consultation last year. The designation was made on 3rd March 2017 and will come into effect on 1st July 2017, the scheme will come to an end in June 2022. The fee for […]
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Annoyed Readers Question
My cousin is 28 and an FTB in a relatively cheap area (2 bed terraces £125-135k). She has a 20k deposit saved up but due to her income of 20k she can only get a maximum of £82k mortgage – too short by about 25-35k. I therefore thought that I could help. Relatively wealthy, good… Read more
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