MHCLG has published guidance on how local authorities can use the money raised from Right to Buy sales to deliver replacement homes. The guidance incorporates major changes to the RTB pooling system that took effect from 1 April 2021. It takes account of the amended...
Tax & Other Financial
Green issues becoming more important for landlords, says lender
Eco issues are increasingly important for landlords, a mortgage lender claims. Hodge Bank says a new survey shows 82 per cent of landlords, investors and brokers stated energy efficiency was in the top three considerations, along with broader green credentials about a...
Paragon Bank expands green buy-to-let range
Paragon Bank has expanded its range of green buy-to-let products with the launch of four further advances exclusively available for properties with an EPC rating of A, B or C. The four new 80% LTV further advances are available for landlords who have four or more...
BPF threaten to sue after eviction ban extended
Commercial property owners are exploring legal action against the government after ministers extended the moratorium on evictions until March, leaving £6 billion of rent arrears unpaid. Last week, Robert Jenrick, the communities secretary, said that binding...
Lloyds Bank set to buy first property as it plans to become a private landlord
Lloyds Bank has reportedly agreed to acquire a block of flats in Nene Wharf, Peterborough, and could start renting them out as soon as next month. It is understood there are almost 50 flats in the block, with the bank expected to manage the residential units through a...
‘Scapegoat’ landlords attack Chancellor over lack of support for struggling tenants
Landlords and letting agents are being made ‘scapegoats’ by Chancellor Rishi Sunak as the government continues to rebuff calls for tenants to be given more financial support to clear rent arrears, it is claimed. A new report by the National Residential Landlords...
Landlords Made Scapegoats for COVID Rent Debt Crisis
The Chancellor is making landlords the scapegoats for the COVID rent debt crisis as he turns his back on the support the sector needs, says the body representing private sector landlords. A new report published by the National Residential Landlords Association...
RICS: House prices continue to rise as supply and demand gap widens
Property prices in the UK continued to rise in May as the gap between rising new buyer inquiries and falling new instructions by sellers became the widest seen since November 2013, Royal Institution of Chartered Surveyors (RICS) data has shown. RICS said prices had...
Could an adjustment to BTL Stamp Duty improve the lettings market?
A recent article in Estate Agents Today explores whether BTL market could be improved by an adjustment to Stamp Duty. It can be seen here
Renting ‘now cheaper’ than buying a home
Last month it cost less to rent than it did to service a mortgage for the first time sine the end of 2014, according to Hamptons. The estate agent’s research shows that in May 2021, the average tenant in Great Britain spent £71 less a month than the average first-time...
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Nationwide reports house prices rose in October
The latest Nationwide survey showed that house prices unexpectedly rose again last month. House prices were up 0.2% on...
Jeremy Hunt accused of sleight of hand over tax
Whilst he announced uprating of the Local Housing Allowance (LHA) to the relief of many, the Capital Gains Tax (CGT)...