Great news for landlords looking to sell as buyer demand for portfolios soars throughout June

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After a week of bad news for landlords, with the Telegraph reporting the story of banks repossessing all 57 homes from a landlord who lost £25M in assets, plus the pending worry of what a Labour government might have to rent reforms

View Full Article: Great news for landlords looking to sell as buyer demand for portfolios soars throughout June

Stamp Duty on a block of 10 flats

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I’m looking to buy a block of 10 flats and I’m a bit confused about how much SDLT I will need to pay. It appears there are several options.

The flats are all identical and I can purchase the whole block for £2,000,000 including the freehold and all 10 leases.

View Full Article: Stamp Duty on a block of 10 flats

Derelict land is the key to London’s housing crisis

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London’s housing crisis could be eased by building on vast swathes of unused brownfield land, according to new research. 

The analysis by SBA Property Management, found that the capital has enough derelict land to accommodate at least 414,273 new homes.

View Full Article: Derelict land is the key to London’s housing crisis

Angela Rayner tells Shelter: Labour will ban no-fault evictions

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Angela Rayner has promised a Labour government will immediately end Section 21.

Ms Rayner claims the Tories “have completely failed a generation of renters” by not passing the Renters (Reform) Bill.

Housing charity Shelter met Ms Rayner in Darlington on the general election campaign trail.

View Full Article: Angela Rayner tells Shelter: Labour will ban no-fault evictions

TMW and MFS launch new tools for landlords

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The buy to let market for landlords is receiving a boost with new offerings from both The Mortgage Works (TMW) and Market Financial Solutions (MFS).

The Mortgage Works, a specialist BTL lender, is launching a new tool specifically designed to help brokers working with portfolio landlords.

View Full Article: TMW and MFS launch new tools for landlords

NRLA chief calls on the next government to instigate a new Renters (Reform) Bill

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After seeing five years of hard work in shaping the Renters (Reform) Bill for the private rented sector (PRS) evaporate when the general election was called, the next government must work ‘from scratch’ on a new law.

That’s the verdict of Ben Beadle

View Full Article: NRLA chief calls on the next government to instigate a new Renters (Reform) Bill

Rightmove urges politicians to focus on housing affordability and EPC initiatives

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Rightmove has outlined a series of urgent priorities it wants to see from the incoming government, including sustainable housing policies and action to force landlords to improve the EPC rating of their properties.

The property portal questioned more than 14,000 homeowners and renters –

View Full Article: Rightmove urges politicians to focus on housing affordability and EPC initiatives

What will happen when Labour re-introduce the Renters Reform Bill?

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This is purely hypothetical at the moment but just imagine what could happen when Labour introduce their own version of the Renters Reform Bill. Imagine a scenario.

Labour have got in to 10 Downing Street, and Angela Rayner decides that all private renters should benefit to the same extent as she has

View Full Article: What will happen when Labour re-introduce the Renters Reform Bill?

Small landlords generate £45 billion for the economy

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A report by PwC shines a light on the significant contribution of small and medium-sized landlords in England and Wales to the UK economy.

It was commissioned by the National Residential Landlords Association (NRLA) and Paragon Bank, and it estimates the economic impact of landlords at a staggering £45 billion annually.

View Full Article: Small landlords generate £45 billion for the economy

Shelter reveals that social rents are 60% cheaper than in the PRS

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Social housing tenants enjoy rents that are 60% cheaper than private rented sector (PRS) tenants are paying, Shelter says.

The charity says the difference is £828 per month, on average, and is calling on all political parties to build more affordable social homes.

View Full Article: Shelter reveals that social rents are 60% cheaper than in the PRS