Propertymark warns of ‘unintended consequences’ of the Renters’ Rights Bill

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The Renters’ Rights Bill could have severe ‘unintended consequences’ for the private rented sector (PRS), Propertymark warns.

The organisation’s head of policy and campaigns, Timothy Douglas, told MPs on the Committee for the Bill that there are issues with the proposed legislation.

View Full Article: Propertymark warns of ‘unintended consequences’ of the Renters’ Rights Bill

Eviction is not the only option for landlords facing rising financial pressures

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Landlords are increasingly worried about rising financial pressures as mortgage costs continue to skyrocket.

Many face the dilemma of long-term tenants who have occupied their properties for years who cannot afford to pay higher rents, leaving landlords uncertain about how to proceed.

View Full Article: Eviction is not the only option for landlords facing rising financial pressures

Pennycook: ‘We don’t want an exodus of landlords’

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The Housing Minister Matthew Pennycook says he doesn’t want landlords to leave the private rented sector (PRS) – and he’s seen no evidence that it is happening.

Speaking to MPs at the Committee stage of the Renters’ Rights Bill

View Full Article: Pennycook: ‘We don’t want an exodus of landlords’

The government is to blame for rising rents and homelessness – leading landlord claims

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A Nottingham landlord warns that each new anti-landlord measure will only lead to higher rents and more homelessness.

Mick Roberts, one of Nottingham’s largest landlords to house benefit tenants, tells Property118 why councils and the government is to blame for the housing crisis.

View Full Article: The government is to blame for rising rents and homelessness – leading landlord claims

Solving Financing Challenges at Incorporation: Insights from Simon’s Taxes and CIOT’s 2024 Concerns

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When landlords incorporate their property businesses, managing existing mortgages and capital accounts can present significant financing challenges. Incorporation can offer commercial benefits such as business continuity, legacy planning opportunities, and access to better financing, but it must be approached with careful planning to avoid triggering adverse tax consequences.

View Full Article: Solving Financing Challenges at Incorporation: Insights from Simon’s Taxes and CIOT’s 2024 Concerns

Recommendations for the Welsh PRS adopted by Senedd committee

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The Senedd’s Local Government and Housing Committee has welcomed Propertymark’s suggestions for enhancing the private rented sector (PRS) in Wales.

Many of the professional body’s recommendations have been incorporated into the committee’s report, highlighting Propertymark’s positive influence on the market.

View Full Article: Recommendations for the Welsh PRS adopted by Senedd committee

£230k Lease Extension, £12k Service Charges and 10 Years of Neglected Repairs?

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My uncle, who passed away this year, owned a leasehold flat in Westminster. He extended the lease in 2017 at a cost of £230,000.

The property is currently being managed by the executors through probate. Despite paying a large sum to extend the lease

View Full Article: £230k Lease Extension, £12k Service Charges and 10 Years of Neglected Repairs?

Ben Beadle supports abolition of Section 21 but calls for urgent court reforms

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Ben Beadle claims that the NRLA does NOT oppose the abolition of Section 21, but the court system urgently needs reform to handle evictions.

During the committee stage hearing of the Renters’ Rights Bill, the chief executive of the NRLA

View Full Article: Ben Beadle supports abolition of Section 21 but calls for urgent court reforms

Taxes, red tape and the onslaught on Landlords: it’s time to get out

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This week the Telegraph hit the nail on the head when they reported that Landlord profits had collapsed in the past decade following an onslaught of taxes and red tape. That coupled with the unbelievable amount of hoops landlords have to jump through has pushed the entire sector to breaking point.

View Full Article: Taxes, red tape and the onslaught on Landlords: it’s time to get out

Labour Councils Giving Up Social Housing

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Dive deep into the latest property news as Ranjan Bhattacharya and Andrew Roberts unravel why councils are stepping away from social housing. This video is a must-watch for property investors seeking to understand the shifting dynamics of the property market.

View Full Article: Labour Councils Giving Up Social Housing