Tax experts have warned HMRC not to add to the burden of red tape already falling on landlords.The Chartered Institute of Taxation says HMRC should improve awareness among the landlords about how and when they need to register with HMRC, rather than push an...
Tax & Other Financial
Chancellor’s Spring Statement
iHowz's landlords will welcome many of the headline announcements from the Chancellor's spring statement today: - Fuel duty cut by 5p / litre for 12 months - VAT cut to 0% on installing energy saving measures, such as solar, heat pumps and insulation, - Councils given...
Landlords adopting a pragmatic approach, in spite of inflation
The majority of landlords are sticking with their portfolios despite inflation fears, according to research from GetGround. Only 29% of landlords are planning to downsize portfolios as inflation bites, with 24% actually planning to increase property investment...
70% of landlords expect to remortgage or consolidate loans over the next 12 months
Seven in 10 portfolio landlords (70%) expect to remortgage or consolidate loans over the next 12 months, results of a webinar poll show. It was also revealed that the majority of broker respondents (53%) had one to five portfolio landlord clients who would remortgage...
Landlords targeting ‘secondary’ towns and cities
Paragon Bank has reported that buy-to-let landlords purchasing in urban areas are increasingly targeting smaller, secondary towns and cities. Data from Paragon’s own lending activity revealed a strong increase in completions in city and town centre postcodes during...
Landlords see opportunities from buying EPC ‘D’ properties
Research undertaken by Landbay has found that awareness of EPC changes is much higher among portfolio landlords than non-portfolio landlords. 70% are aware that all rental properties must have an Energy Performance Certificate (EPC) rating of A, B or C. The research...
Rent control being discussed again
The hot topic of rent controls has remerged in recent weeks, with passionate voices on both sides of the argument speaking strongly for and against the measure that entails putting a cap on the amount that a landlord can demand from a tenant when renting a home or...
Help to Buy (equity loan scheme): data to 30 September 2021
On 17 February 2022 the DLUHC published statistics showing cumulative sales since the launch of the Help to Buy (equity loan) scheme on 1 April 2013. The key figures are: Between 1 July and 30 September 2021, 7,270 properties were bought with an equity loan, a...
L&G to plough £2.5bn of pension cash into homes for rent: FT reports
The Financial Times has published an article reporting a large investment in buy-to-rent. It can be seen here, and says: Legal & General plans to invest a further £2.5bn of pension savings in “build-to-rent” developments over the next five years, aiming to create...
Romans had to amend their contract following recent case
The leading estate agency Romans has been forced to amend ‘misleading’ contract paperwork after the Property Ombudsman upheld a landlord’s complaint about continuous fees. Karen Markham was awarded £408 compensation from a branch of Romans after it ruled she had...
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House prices fall at rapid rate
The ONS House Price Index for November 2023 indicates that average house prices in the UK decreased by 2.1% in the 12...
PRS REIT reports rents remain strong
In their update for the quarter to 31 December 2023, PRS REIT plc, an investment trust that invests in high-quality,...
Mortgages for Business rebrands
Mortgages for Business is rebranding. The buy-to-let intermediary, which was founded in 1990, will now be known as...