Guidance for landlords on preparing buy to lets for summer
News
Council set to pay deposits to landlords
Residents on low incomes could get their property deposit paid by Stafford Borough Council as part of plans to make it easier to secure private rented housing.
400,000 private tenants in danger of rent arrears
A recent report by the LSE states ‘ Over 400,000 private tenants may be in significant rent arrears by the end of 2021 says a new report by the research group LSE London, funded by Trust for London and LSE. Almost all of these tenants could be at risk of eviction if, as is expected, the government slowly begins to lift its suspension on eviction proceedings from 1 June.’
Huge shift in renters: Spare Room report
Under the title ‘What’s happened to the rental market in 2021 so far…’ SpareRoom have analysed data from over 450,000 room ads to see what’s changed in the first quarter of the year
Sales decrease through lack of vendors
New vendor and landlord enquiries to estate agents fell significantly in the past week raising concerns a tightening market is adding to an already pressing supply crunch
HMRC hands out £1.3m in late filing penalties for CGT
HMRC has issued late filing penalties totalling £1,311,300 since the introduction of the new 30-day tax window for capital gains payment (CGT) in April 2020
Tenant discriminated against for receiving benefits
All agents should understand the implications of this case and realise it is unlawful to reject anyone who is in receipt of Universal Credit.
Will you have to re-start your eviction procedure?
Letting agents and landlords who have not applied for a reactivation notice to keep possession claims going will now have to start from scratch.
Agent charges for Covid cover
The Property Ombudsman, Rebecca Marsh, addresses a complaint about an agent deducting money from the rent to cover the costs of Covid.
Rental market unusually uncertain, Nationwide says
The BBC are running a report from the Nationwide.
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