Homelessness charity Crisis has criticised the UK Government for failing to provide effective support for renters following the end of a coronavirus-linked eviction ban in England after new figures revealed that the number of landlord possessions has soared by 207%....
Tax & Other Financial
New bank launches for landlords
A new bank called Monument is aiming at property investors and established buy to let landlords seeking to grow their portfolios. Its launch statement says it will focus on some 4.8m potential customers described as “mass affluent” - property investors, landlords and...
How to trace a missing tenant who owes you money
Financial News has run a very useful article on tracing tenants. It can be seen here.
Prevent Council Tax bills being charged for individual bedroom lets
Many Local Authorities are getting individual rooms re-banded as Band A for Council Tax. Whilst this appears advantageous to landlords, as it moves the responsibility for the Council Tax from the landlord to the tenant, it actually can cause the landlord problems....
Stamp Duty nearly raised by 1%
The Negotiator magazine are reporting that the Treasury came very close to raising the Stamp Duty surcharge from 3% to 4%, but this was rejected at the last meoment. The article can be seen here, and says: A 1% rise in Stamp Duty for landlords was on the cards but...
CGT payment period extended
As part of the recent budget, the government has immediately extended the deadline to report a Capital Gain on the sale of residential property from 30 days to 60 days. This is probably in response to complaints made by members of the Association of Accounting...
Vulnerable renters
The DLUHC announced that vulnerable renters struggling due to the impact of the pandemic would be helped by a £65 million support package. The funding will be given to councils in England and will be available through the winter months for households at risk of...
Rental demand overheating
Roseanna Lane thought she had plenty of time to find a new flat to rent when she gave notice to her landlord two months ago. But despite registering with eight estate agents in Richmond, South-West London, Roseanna and her partner Nick have found it almost impossible...
London landlords most likely for tax avoidance
London commuter towns make up all the Top Five hotspots for tax avoidance by buy-to-let landlords in the UK, according to analysis by UHY Hacker Young, the national accountancy group. They also make up eight of the Top Ten nationally. Ilford had the highest number...
More properties bought by landlords during stamp duty holiday
This is Money are reporting that the recent holiday in Stamp Duty (SDLT) resulted in buy-to-let landlords coming into the market, but not in the numbers as was originally feared. The article can be seen here, and says: Britain's landlords did not embrace the stamp...
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Rent hot rents unsustainable, says Zoopla
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Next cost-of-living payment confirmed
The UK government has confirmed that millions of households will receive a £299 cost-of-living payment in February...
Rightmove and Hamptons Report on the property market
The average price tag on a UK home tumbled by nearly £7,000 in December, according to Rightmove. Across Britain, the...