Call for landlords who have used rent-to-rent operators

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The Government is looking to regulate the practice of rent-to-rent under the Renters (Reform) Bill, where landlords let their properties to a third party who then sublet them to tenants.

The move will see landlords being made liable for the behaviour of rent-to-rent operators and allow rent repayment orders to be issued against them.

View Full Article: Call for landlords who have used rent-to-rent operators

Unravelling the DOTAS Controversy – so what’s next?

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HMRC has issued Scheme Reference Numbers for both the Substantial Incorporation Structure and the Capital Account Restructure under DOTAS legislation.

The scheme reference number for the Substantial Incorporation Structure (SIS) is 53560969.

The above also applies to the Beneficial Interest Company Transfer structure (BICT)

View Full Article: Unravelling the DOTAS Controversy – so what’s next?

When politicians use weasel words, tenants lose their homes

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Who knew that weasel words could leave tenants homeless? Who knew that weasel words can mean the opposite of what they do mean?

I’m talking about Section 21 ‘no-fault’ evictions that are in the news, thanks to Michael Gove announcing they will be banned before the next election.

View Full Article: When politicians use weasel words, tenants lose their homes

Allow tax relief for landlords who improve EPC ratings says firm

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One firm is calling on the government to allow tax relief for landlords who improve the energy efficiency of their rental stock.

Tax accountants Blick Rothenberg says landlords should claim income tax and or corporate tax relief if they improve EPC ratings on their properties.

View Full Article: Allow tax relief for landlords who improve EPC ratings says firm

UK rents reached a record high in January

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Private rents in the UK reached record highs in January with the average rent paid by tenants rising by 6.2%.

That’s according to the latest report from the Office for National Statistics (ONS) and its rental index reveals this is the joint-highest since January 2016.

View Full Article: UK rents reached a record high in January

Landlord fears ‘prison sentence’ over council’s selective licensing application process

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One landlord says applying for a selective licence with his council’s online system is a ‘complete waste of money’ which could see him facing a prison sentence and making all of his tenants homeless.

Mick Roberts, one of Nottingham’s largest landlords to house benefit tenants

View Full Article: Landlord fears ‘prison sentence’ over council’s selective licensing application process

UK rents soar by 8.3% in a year – Scotland leads the way

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The UK’s rental market has seen a sharp rise in rents over the last year, with the average monthly rent reaching £1,220, according to property platform Zoopla.

This is an increase of 8.3% compared to a year ago

View Full Article: UK rents soar by 8.3% in a year – Scotland leads the way

Council says housing crisis is worsening as landlords exit market

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Thurrock Council has revealed the growing challenges it faces in providing housing help to its residents, as the cost-of-living crisis and the exit of landlords from the private rental market put pressure on the system.

The council’s housing service has seen a 22% increase in homelessness demand compared to the same period last year and a similar rise in temporary accommodation placements.

View Full Article: Council says housing crisis is worsening as landlords exit market

Landlords object to city’s new licensing schemes

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Bristol City Council’s new licensing schemes for rented homes have sparked a backlash from landlords who claim they are unfair and costly, Bristol Live reports.

The council says the schemes, which were approved last week

View Full Article: Landlords object to city’s new licensing schemes

Mortgage arrears climb as landlords and homeowners struggle

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The number of homeowners and landlords falling behind with mortgage payments has jumped, according to UK Finance.

The trade body for lenders says that there were 13,570 buy-to-let mortgages in arrears compared to the previous quarter.

UK Finance said the rise in arrears is driven by cost-of-living pressures and higher interest rates.

View Full Article: Mortgage arrears climb as landlords and homeowners struggle