Reminder that the Home Office has announced a large increase the level of fines that landlords can face if they are found to have not checked tenants properly to see if they have the right to rent in a property or deliberately been involved in evading the rules. For...
News
Court of Appeal favours mediation
The recent Court of Appeal ruling in the case of The Churchill vs Merthyr Tydfil Council has implications for landlords, suggesting they may have to use mediation before resorting to court when resolving issues with tenants. The case involved a landlord, Mr....
House prices rise again
According to data from mortgage provider Nationwide, UK house prices unexpectedly rose in November, indicating further stabilization in the property market as high mortgage rates ease. The house prices increased by 0.2% between October and November, following a 0.9%...
New Licensing Scheme announced
The London Borough of Brent is planning to launch a licensing scheme for homes in the private rented sector, excluding those in Wembley Park. The purpose of the scheme is to improve the quality and safety of private rented accommodation, support good landlords and...
Landlords’ guide to your 2022-23 tax return (and how to beat HMRC)
Telegraph Money reveals how to minimise your bill and avoid any penalties - see here (subscription may be necessary). The Telegraph has made the following recommendations to minimise your tax bill: Get ready for deadline day Pay the right tax Get relief on mortgage...
MPs discuss Housing in Tourist Destinations
Last week, MPs debated the impact of holiday homes and holiday lets on the provision of housing in popular tourist locations During the debate, Lake District MP, Tim Farron commented "We have seen the number of short-term lets grow significantly, particularly over the...
Tax and Landlords – the issue that won’t go away
Writing in Landlord Today, Richard Rowntree Managing Director of Mortgages at Paragon Bank, comments on the impact of Section 24 on landlords now that it is fully implemented, and at the the time interest rates have risen. The article can be seen here, and points out...
Buy-to-let arrears cases double in a year – Octane Capital
Data shows a significant increase in cases of buy-to-let arrears over the past year, based on analysis from Octane Capital. Here are the key points: Arrears Doubling: Cases of buy-to-let arrears have doubled in a single year, reaching a record high of 11,540 in the...
House prices increase for the third month in a row
Nationwide data shows the state of the UK housing market in November, highlighting a third consecutive monthly increase in house prices. Here are the key points: Price Increase: House prices in the UK rose by 0.2% in November, marking the third consecutive monthly...
HMRC to crackdown on millions who make cash with Airbnb, Etsy etc
HMRC (Her Majesty's Revenue and Customs) have started a major crackdown on tax avoiders, focusing on the self-employed and individuals earning extra income through side hustles. Here are the key points: Crackdown Scope: Starting from January 1, HMRC will target tax...
YOU MAY ALSO LIKE
New builds continue to reduce
The latest report from the Home Builders Federation (HBF) paints a grim picture for the UK housing market,...
Labour v Conservative Housing Policy – an analysis
Landlord Today has published an analysis of the two main parties with their stance on housing. The article can be seen...
Will Labour outlaw bidding wars?
Sir Keir Starmer has indicated that Labour may prohibit landlords and estate agents from accepting offers on rental...