Case of the week – Right to Rent

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Many landlords and many letting agents are still confused by the requirements of the new Right to Rent legislation that came in from February 1st 2016. The case this week is not unique but it is handy to explain the potential pitfalls for landlords.
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HMRC offering to simplify landlords’ tax

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Britain’s 900,000 landlords could be offered “cash basis” tax calculations for their buy-to-let property businesses in future. In the UK it is estimated to have around 1.4m properties owned by private residential landlords, and one in five homes are now buy-to-let. A series of tax consultations for HMRC’s Making Tax Digital (MTD) will focus on […]

… LandlordZONE.

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House prices rise 8.7% year to June 2016

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The UK House Price Index shows house price changes for England, Scotland, Wales and Northern Ireland, and the June data shows an annual price increase of 8.7%. This takes the average property value in the UK to £213,927. In England the rise was higher with the June 2016 data showing an annual price increase of […]

… LandlordZONE.

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RLA backing mandatory CMP schemes to protect landlords

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The RLA is backing Government’s plans to make Client Money Protection (CMP) schemes compulsory for letting and management agents.
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Tenants suffer “Buyers Regret”

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Half of tenants feel rushed into signing an agreement and regret their renting decision later. More than a quarter of tenants (27%) feel they were rushed into entering their tenancy agreement and latter regret the move, that’s according to research carried out on behalf of Ocean Finance. Such is the competition in the rentals market […]

… LandlordZONE.

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City council consulting on licensing plans

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Manchester City Council has today launched consultation on plans to introduce landlord licences at a cost of up to £750 a property.
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Corbyn’s disastrous plans would hit tenants

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Part of Jeremy Corbyn’s 10 point plan for the country includes the old chestnut of the left – rent controls and “secure tenancies” – in the private rented sector, which, according to property experts would spell disaster for tenants, reducing the supply and the quality of homes to let. The Residential Landlords Associate (RLA) as […]

… LandlordZONE.

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Room rentals cost jump 13% in Swindon

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Spare room rents in Swindon have rocketed in price by 13% on average over the past year, more than almost anywhere else in the country. The price of a room in the town has gone up by 13.3% in 12 months according to statistics provided by spareroom.co.uk, an online letting service – a figure that […]

… LandlordZONE.

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Bristol landlord couple fined over licensing

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A Bristol landlord couple fined for breaching Bristol council’s new selective licensing scheme for the Easton’s Stapleton Road area. The area around Stapleton Road of Easton is the first one in Bristol to be subject to its selective licensing scheme. The landlord couple who rent out a number of properties in the Easton area of […]

… LandlordZONE.

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Andy Burnham announces controversial landlord licensing plans

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Plans to introduce landlord licensing schemes throughout the whole of Greater Manchester have been announced by mayoral candidate Andy Burnham.
The Labour candidate has announced his plans for housing in industry magazine Inside Housing
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