The Energy Bills Support Scheme and Energy Price Guarantee Pass-Through Requirement Regulations 2022 (the Regulations) came into force on 1 November 2022 and make clear that a landlord charging rent inclusive of energy bills must pass-on the benefit of the schemes to...
News
Build to Rent could fill the void of landlords leaving
Investment in the Build To Rent sector has almost doubled year-on-year, according to new research. Property consultancy Cushman & Wakefield says that in the third quarter of this year some £1.17 billion was invested in BTR, up from the £600m recorded during the...
More than a quarter of landlord clients plan to sell
A survey on the broker forum showed that 28% of landlords are looking to sell their properties, and only 3% intend to purchase additional properties. Just over a quarter of landlords have no plans to alter their investments, while 39% of BTL investors say they will...
MP’s warned increased interest rate could reduce number of rental properties.
A number of buy-to-let landlords will be forced to either raise their rents to prevent their properties from being un-mortgageable amid rising interest rates, or simply sell up. MPs were told this week that many renters could find that there is soon a major shortage...
Fire Risk advice for landlords.
As part of the recent Fire Door Safety Week, the following advice was issued for landlords - https://www.firedoorsafetyweek.co.uk/
Be warned, the Tax Man is still on the prowl for landlords with undeclared rental income
Landlords are being encouraged to get their accounts in order after an accountant specialising in buy-to-let property warned that HMRC is intensifying its efforts to track down those with undisclosed income. Since the government launched its Let Property Campaign in...
Some horror stories of problem tenants
Melissa Lawford is writing in todays Telegraph about some of the horror stories she has heard about rogue tenants. The article can be read here (subscription might be necessary), and says: Landlords with rogue tenants have lost tens of thousands of pounds in damages...
Landlords face £8,400 capital gains tax squeeze
The Telegraph is running an article on the possible outcome of the Autumn statement on landlords. The article can be seen here (subscription might be necessary), and says: Landlords will lose thousands of pounds in sale profits under proposals which would be a fresh...
Kingspan says prices have peaked
Kingspan said sales so far in 2022 have surged, and price pressures "appear to have peaked". Reporting sales in the nine months to September 30 jumped 33%, third-quarter sales alone rose 17%. Kingspan added: "A feature of the current environment is the lack of...
Halifax figures confirm fall in House Prices
UK HALIFAX HOUSE PRICE INDEX UK house prices fell by 0.4% month-on-month in October versus a 0.1% drop in the previous month. Annual house price growth came in at 8.3%, slowing from 9.8% in September. There was a notable slowdown in October’s annual house price...
YOU MAY ALSO LIKE
Rents are staring to go down
According to the latest data from an agency, there has been a 125% increase in the number of landlords opting to lower...
Mortgage Advice Bureau Market Review
In their accounts for the year to 3 December 2023, Mortgage Advice Bureau provided the following market review: Market...
Government intervention in London housing market
The Housing Secretary, Michael Gove, has taken the unusual step of intervening in the London Plan to address housing...