Browsing all articles from February, 2024
Feb
2

‘I’m a landlord, get me out of here’: landlords rush to sell before March

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For landlords who thought they’d left their problems in 2023, think again. 2024 isn’t letting up, and the system continues to be unfair for a growing number of them.

The Guardian recently highlighted a report from Hamptons that said in the last year landlords will have sold 294,300 more homes than they have bought since 2016.

View Full Article: ‘I’m a landlord, get me out of here’: landlords rush to sell before March

Feb
2

Urgent help needed: Tenant troubles, rent arrears, and court setbacks

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Hello, I rented out my only house in April 2022 due to a job opportunity in a different city. Two months into the agreement, the tenant claimed job loss and sought support from DWP and the council. Throughout the process

View Full Article: Urgent help needed: Tenant troubles, rent arrears, and court setbacks

Feb
2

Liverpool city council face massive rise in homelessness costs

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Liverpool City Council is turning to the private rented sector to address the homelessness crisis.

The city is facing huge rises in temporary accommodation costs from £250,000 in 2019, to a projected £25m by the end of this financial year – a rise of 10,000%.

View Full Article: Liverpool city council face massive rise in homelessness costs

Feb
1

ESC D32 and Landlord Incorporation

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There is widespread confusion among tax professionals at the moment based on HMRC’s Extra Statutory Concession D32 “ESC/D32”.

The ESC/D32 concession is over 50 years old and unlike many other HMRC concessions has never been adopted into legislation.

View Full Article: ESC D32 and Landlord Incorporation

Feb
1

Bank of England hold firm at 5.25%

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The Bank of England’s Monetary Policy Committee (MPC) voted 6 – 3 to maintain the Bank Base Rate at 5.25. Two MPC members voted to to increase the rate by 0.25% and one member voted for a 0.25% reduction. This is consistent with the MPCs’

View Full Article: Bank of England hold firm at 5.25%

Feb
1

LHA increase – BAP and S13 confusion?

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Hello, I am trying to prepare in advance of 1st April when the new LHA rate is applied. According to S13, a rent increase has to happen on the same day the tenant moved in so for this example let’s say the 29th of the month.

View Full Article: LHA increase – BAP and S13 confusion?

Feb
1

Paragon Bank launches new green buy to let mortgages

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Paragon Bank has announced the launch of new five-year fixed-rate products for buy to let landlords with properties that have high energy efficiency ratings.

The products are available on Paragon’s 5% fee option, which is suitable for the purchase or remortgaging of single self-contained (SSC) properties that have an energy performance certification (EPC) of A-C.

View Full Article: Paragon Bank launches new green buy to let mortgages

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