Brexit Party Contract
In the interests of impartiality we have included the Brexit Party Contract in our series of manifestos for the major parties. Click here to download the Contract.
Details of policies that directly affect the Private Rental Sector are a bit thin on the ground
The post Brexit Party Contract appeared first on Property118.
View Full Article: Brexit Party Contract
Conservative Manifesto – Ban S21 and strengthen rights of possession
The Conservative Party have released their 2019 general election manifesto. This has been very briefly summarised with the key points of interest for Landlords and the PRS industry. Download the full manifesto here
For the Private Rental Sector:
The Conservatives say they will bring a ‘Better Deal for Renters’
The post Conservative Manifesto – Ban S21 and strengthen rights of possession appeared first on Property118.
View Full Article: Conservative Manifesto – Ban S21 and strengthen rights of possession
Let for 2 to 3 days a time – Does it need HMO licence?
We have an 8 bedroom (7 en-suite) property that we let via booking.com to guests. Most guests only stay for 2-3 days and no more than a week.
We have been told that the property does not qualify as an HMO as it only offers temporary occupancy to guest.
The post Let for 2 to 3 days a time – Does it need HMO licence? appeared first on Property118.
View Full Article: Let for 2 to 3 days a time – Does it need HMO licence?
Labour plans would challenge buy-to-let investors and second-home owners…
General Election:
Part of Labour’s
bid to be elected on 12th December is a raft of tax
raising measures aimed at buy-to-let landlords and second home
owners.
Jeremy Corbyn’s
Labour party manifesto launch last week outlined a number of issues
which will be of concern to landlords.
What is Labour
proposing:
- Rent controls
would be introduced, providing a cap on rent increases during the
course of tenancies, most likely to the level of inflation. This in
itself may not be such a bad thing for landlords as most landlords
rarely have their rents keep pace with inflation, giving them a
legitimate reason to increase regularly. However, cities where
demand for rentals is highest would be given additional powers to
bring in even tougher rent controls. - With more
landlords considering switching to short-term holiday rentals
following the removal of the mortgage interest allowance on
long-term letting, this avenue could be closed to most landlords,
with an extra tax on holiday homes of an average of £3,200 a year
each. Labour’s levy on holiday homes and second homes, it is
estimated, will raise £560m a year, based on a 200pc hike on top of
council tax, hitting around 425,000 properties. The Liberal
Democrats have said they would adopt a similar policy. - Open ended, as
opposed to fixed term tenancies, would become the norm. Along with
the abolition of the assured shorthold tenancy (AST) and removal of
the no-fault section 21 eviction process, this would considerably
strengthen tenants’ security of tenure, making it difficult, if
not impossible in some cases, for landlords to end residential
tenancies. - The
Conservatives have also confirmed that the section 21 possession
process is to be brought to an end, replaced by a beefed-up
alternative, the section 8 court based possession process. - Labour plan to
bring in a universal licensing scheme for landlords, with what it
calls “tougher sanctions” for any property professional breaking
the rules on minimum safety standards. - Renters unions
would become the norm if Labour were elected, funded by government
to protect tenants legal rights, which it says would allow tenants
to “organise and defend their rights”. - Labour has
previously recommended the scrapping of council tax for tenants.
This would be replaced by a “progressive property tax”, based
the value of the home and paid for by the landlord owner. - The party has
also announced plans to allow tenants to buy their homes from
landlords at below market rates, though this suggested appears to
have been shelved for now – it’s not mentioned in the
manifesto. - On a more
positive note for landlords with benefit tenants, Labour would end
the freeze on Local Housing Allowance (LHA) and would realign LHA to
the 30th percentile of local rents. They would also pay the housing
element of Universal Credit directly to landlords, which landlords
would welcome, though it has said Universal Credit system could be
scrapped. - Landlords would
be prevented from excluding any tenant applicant who is receipt of
housing benefits. - Right to Rent
checks would be scrapped if Labour are elected. - Labour have
pledged to equalise capital gains with income tax income, which
would mean a considerable hike in capital gains tax for most people. - Income tax
would increase for anyone declaring an income above £80,000 per
year. - Labour plan to
end the Right to Buy council houses for residents, and to build
150,000 council and social homes annually, with 100,000 of these
built by councils for social rent. - Following on
from the Grenfell inquiry, a £1 billion Fire Safety Fund will be
launched to fit sprinklers and other fire safety measures in all
high-rise council and housing association tower blocks. - All high rise
residential tower blocks will have the dangerous Grenfell-style
cladding removed and replaced with safe materials. - Mandatory
building standards and guidance are to be introduced, inspected and
enforced by fully trained Fire and Rescue Service fire safety
officers. - Local
authorities will be given new powers to control Airbnb style
short-term lets. - Leasehold
reforms will be introduced, ending the sale of new leasehold
properties, abolishing unfair fees and conditions in existing
leaseholds, and leaseholders will be given the right to buy their
freehold “at a price they can afford.” - Most homes in
the UK would be upgraded to the highest energy efficiency standards,
though no indication as yet by Labour as to how that will be done. - All new homes
will need to reach zero-carbon emissions standards, achieved by
using new new technology such as heat pumps, solar hot water and
hydrogen gas, with new investments to be made in district heat
networks using waste heat.
©1999 – Present | Parkmatic Publications Ltd. All rights reserved | LandlordZONE® – Labour plans would challenge buy-to-let investors and second-home owners… | LandlordZONE.
View Full Article: Labour plans would challenge buy-to-let investors and second-home owners…
Categories
- Landlords (19)
- Real Estate (9)
- Renewables & Green Issues (1)
- Rental Property Investment (1)
- Tenants (21)
- Uncategorized (11,739)
Archives
- October 2024 (12)
- September 2024 (69)
- August 2024 (55)
- July 2024 (64)
- June 2024 (54)
- May 2024 (73)
- April 2024 (59)
- March 2024 (49)
- February 2024 (57)
- January 2024 (58)
- December 2023 (56)
- November 2023 (59)
- October 2023 (67)
- September 2023 (136)
- August 2023 (131)
- July 2023 (129)
- June 2023 (128)
- May 2023 (140)
- April 2023 (121)
- March 2023 (168)
- February 2023 (155)
- January 2023 (152)
- December 2022 (136)
- November 2022 (158)
- October 2022 (146)
- September 2022 (148)
- August 2022 (169)
- July 2022 (124)
- June 2022 (124)
- May 2022 (130)
- April 2022 (116)
- March 2022 (155)
- February 2022 (124)
- January 2022 (120)
- December 2021 (117)
- November 2021 (139)
- October 2021 (130)
- September 2021 (138)
- August 2021 (110)
- July 2021 (110)
- June 2021 (60)
- May 2021 (127)
- April 2021 (122)
- March 2021 (156)
- February 2021 (154)
- January 2021 (133)
- December 2020 (126)
- November 2020 (159)
- October 2020 (169)
- September 2020 (181)
- August 2020 (147)
- July 2020 (172)
- June 2020 (158)
- May 2020 (177)
- April 2020 (188)
- March 2020 (234)
- February 2020 (212)
- January 2020 (164)
- December 2019 (107)
- November 2019 (131)
- October 2019 (145)
- September 2019 (123)
- August 2019 (112)
- July 2019 (93)
- June 2019 (82)
- May 2019 (94)
- April 2019 (88)
- March 2019 (78)
- February 2019 (77)
- January 2019 (71)
- December 2018 (37)
- November 2018 (85)
- October 2018 (108)
- September 2018 (110)
- August 2018 (135)
- July 2018 (140)
- June 2018 (118)
- May 2018 (113)
- April 2018 (64)
- March 2018 (96)
- February 2018 (82)
- January 2018 (92)
- December 2017 (62)
- November 2017 (100)
- October 2017 (105)
- September 2017 (97)
- August 2017 (101)
- July 2017 (104)
- June 2017 (155)
- May 2017 (135)
- April 2017 (113)
- March 2017 (138)
- February 2017 (150)
- January 2017 (127)
- December 2016 (90)
- November 2016 (135)
- October 2016 (149)
- September 2016 (135)
- August 2016 (48)
- July 2016 (52)
- June 2016 (54)
- May 2016 (52)
- April 2016 (24)
- October 2014 (8)
- April 2012 (2)
- December 2011 (2)
- November 2011 (10)
- October 2011 (9)
- September 2011 (9)
- August 2011 (3)
Calendar
Recent Posts
- Defending Landlords from Unfair HMRC Attacks
- The exodus of landlords: How bad does it have to get?
- Renters’ Reform Coalition demands compensation for ‘no-fault’ evictions
- Rescue your Investment and move on: We’ll sell your properties in under 28 Days
- Landlords and second homeowners rush to sell – Zoopla