The weekend Financial Times has run a two-page spread entitled ‘Landlords face fresh dilemmas amid the economic storm’ It can be seen here (subscription might be required) and gives examples of ‘several landlords’ planning to sell some, or all their properties ‘in the...
Tax & Other Financial
Under-30s tenants and rent
The Guardian reported research by Dataloft showing that four in 10 renters under 30 are subject to tenancy agreements for which the rent exceeds 30 per cent of their pay. Although London has the highest rent levels in Great Britain, in places such as Rotherham,...
Right wing magazine criticises “profiteering” landlords
A senior figure at the right wing magazine The Spectator has slammed landlords for blatant profiteering.The article can be seen here was written by the magazine’s assistant online editor says her own rent has been hiked by nearly 30 per cent, despite unspecified...
Property tax revenue continues to rise
Latest figures released by HM Revenue & Customs show yet another large increase in the amount of taxation received by the Treasury from landlords and other property owners. Stamp duty continues to soar, reaching £7 billion between April and July 2022 – an increase...
One-fifth of property sellers miss CGT payment deadline
One-fifth of buy-to-let investors and second homeowners who incurred capital gains tax from property sales in the last tax year failed to pay their tax bill on time, despite an extension to the reporting deadline. New rules were introduced in April 2020 requiring...
Heatwave leads to surge in housing subsidence claims across southern England
Both the FT and the Mail online are reporting on the problems the heatwave has caused with subsidence claims. It is thought that demand may outstrip 2018, when payments cost £145 million with some experts expect the rise in claims to peak at 400% within a few weeks...
Priced out: The least affordable places in the UK to buy a house
The worst places for buyers to get on to the property market have been revealed in a new study. Research on house prices and household incomes show that Walton-on-Thames in Surrey, near London, is the worst place for buyers to get on the property market With the...
Rent loophole in new debt plans
New Statutory Debt Repayment Plans (SDRP) must include protections for letting agents and their landlords so they are not exploited by tenants in rent arrears, according to Propertymark. The UK government has been consulting on the introduction of SDRPs that will...
Kier Starmer puts pressure on the conservatives
Labour leader Keir Starmer upped the pressure on the two Conservative candidates to be the next Prime Minister, Liz Truss and Rishi Sunak, but unveiling a plan to freeze the price cap, to be funded by higher taxation of the energy giants. Ms Truss last week defended...
Competition opens to deliver new training and support programme for social housing residents
The Government have launched a £500,000 government grant to provide training for social housing residents to speak up and raise issues with their landlord Applications now open for organisations with relevant social housing sector experience to deliver the programme...
YOU MAY ALSO LIKE
UK government to pay private landlords £73bn over next 5 years
The UK government is set to subsidise private landlords in England with over £70 billion in the next five years...
Brighton council must save £30m to avoid bankruptcy
Brighton and Hove City Council is set to make savings of approximately £30 million to address a budget shortfall. The...
Brighton i360 debt tops £50 million
The i360, a tourist attraction in Brighton, UK, reportedly owes more than £50 million to the city council, with the...