Think Beyond Retirement: Why Every Landlord Needs a Legacy Plan

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1. The Wake-Up Call of Section 24

When the Section 24 finance cost restrictions began to bite, many landlords were forced to confront something they had long put off: whether their property portfolios were still viable in the long term.

View Full Article: Think Beyond Retirement: Why Every Landlord Needs a Legacy Plan

Council under fire over immediate HMO rule change

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A legal expert has accused a council of “abuse of power” over its failure to give prior warning before introducing new rules for Houses in Multiple Occupation (HMOs).

Bolton Council has introduced an immediate Article 4 direction, meaning landlords can no longer convert family homes into HMOs for three to six occupants without applying for full planning permission.

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Sellers’ market picks up, as fire and structural damage refuses to stop us selling properties in under 2 weeks

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In what seems like a change to the tide, the property market showed signs of swinging in favour of landlords this month. Following what looked like a tricky time for landlords to sell, it seems that buy-to-let properties are back in demand

View Full Article: Sellers’ market picks up, as fire and structural damage refuses to stop us selling properties in under 2 weeks

Landlord Mistakes That Could Cost You £10,000 (or More)

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Landlords can lose five figures in an instant, not from market crashes or bad tenants, but from avoidable errors. These mistakes are easy to make if you’re not watching the details, and the recent examples below show just how expensive they can be.

View Full Article: Landlord Mistakes That Could Cost You £10,000 (or More)

Rumours of property tax spark backlash ahead of Autumn Budget

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Rumours of replacing stamp duty with a property tax on homes worth more than £500,000 have sparked fury among property experts.

The Guardian reports ahead of the Autumn Budget, Chancellor Rachel Reeves has tasked officials to “study how a new ‘proportional’ property tax could be implemented and model its impact before reporting back to ministers.”

The tax would be paid by owner-occupiers on properties valued over £500,000

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Shelter Scotland urges government to invest in social homes amid housing crisis

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Shelter Scotland claims social housing generates thousands of pounds a year to help improve lives.

A three-year study commissioned by Shelter Scotland reveals new social tenancies can generate a value of nearly £12,000 a year.

The study

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Tenant Abandons 22 Tarantulas in Salford Rental Property

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The Tenant Left Without Warning… and Took Only Their Clothes

Most landlords have dealt with late rent or minor damage. But sometimes, the surprise left behind is more… alive.

In Salford, a landlord inspecting a recently vacated property found something no one expects: 22 pet tarantulas

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Charity calls for government to reverse freeze on Local Housing Allowance

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A charity has urged the government to reverse the freeze on the Local Housing Allowance (LHA) to support low-income renters.

The Salvation Army claimed in a poll of 1,000 adults, nearly half (48%) fear an extra £100 expense would leave them unable to pay their rent or mortgage.

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Sell, Refinance or Rebalance: Landlord Decision Framework

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There is nothing wrong with selling. The key is to sell with your eyes open. Before you decide to market your properties and definitely before you accept an offer, check the true net proceeds after mortgage redemption costs and Capital Gains Tax

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Landlords urged to prepare for Decent Homes Standard as stricter enforcement looms

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A letting agency is urging landlords to prepare for the Decent Homes Standard by carrying out regular inspections and reviewing EPC ratings.

Leaders Roman Group (LRG) warns landlords that there will be greater enforcement when the rules come into effect

View Full Article: Landlords urged to prepare for Decent Homes Standard as stricter enforcement looms