More than 138,000 residential and commercial properties in England and Wales are owned by offshore companies, with holdings in London worth a combined £55bn, according to research shared with the Guardian. The findings come as the government begins a crackdown to...
News
Government plots raid on landlords to plug £50bn black hole
Property118 are running a blog on the possible matters that might be in the Autumn statement next week, predicting a large squeeze on landlords. The blog can be seen here, and says (note that the revised EPC rating has not yet been published): The government will...
Nottingham landlords could be fined £5,000 for renting homes with low energy ratings
Private Landlords in Nottingham could be fined £5,000 if their property's EPC rating is below E. As part of the council's 'Carbon Neutral Nottingham 2020-2028 Action Plan', the council is hoping to reduce fuel poverty in the city and eliminate properties with E, F or...
After 12 years I’m giving up buy-to-let
The Telegraph is running an article on a long-term landlord who is selling up becuse of increased legislation. The article can be seen here (subscription might be necessary), and says: Anita Parkinson has been a landlord since 2009. The 62-year-old used to own six...
The Office of Tax Simplification calls for landlord deferral on Making Tax Digital
In its property income review, released on 1 November, the Office of Tax Simplification (OTS) makes some strong recommendations to improve aspects of Making Tax Digital for income tax self assessment (MTD ITSA) that affect residential landlords. The MTD ITSA...
There has been a change for legacy immigration document holders in the UK.
Since 6 April 2022, it has been free for those with indefinite leave to enter or remain in the UK to make a ‘No Time Limit’ application, which provides them with confirmation of their UK immigration status in the form of a biometric residence permit (BRP). Key...
Research shows majority of landlords own bad energy rated properties.
The government has previously set out an aspiration for a minimum C rating in England and Wales by April 2025. Yet Shawbrook's research shows that at present only a quarter of landlords’ portfolios contain properties that all meet the C target for energy efficiency...
Rishi Sunak’s Plans for Landlords
Our colleagues at Mortgage for Business have just posted this blog, to try to predict what might be in store for landlords.
Will The Medway Market Crash?
Hasan from Home-share.co.uk has posted a blog stating 'Early Indications Medway’s Housing Market Is Slowing… Will It Crash?' The whole blog can be seen here, and says: Over the past couple of weeks, I’ve been carefully gauging the local market and reached a conclusion...
Minister confirms Section 21 will go
At a debate in the House of Parliament recently on the Government’s white paper ‘A Fairer Private Rented Sector’ the Parliamentary Under Secretary of State, Felicity Buchan confirmed several times that the Government were committed to the removal of the Section 21...
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Right to Rent fines increase by 405%
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PM lights the (gas) burner under the green agenda
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