Property118 has run an article stating that the Renters' Rights Act (RRA) is set to impose a three-pronged compliance cost on property owners, creating a high-stakes administrative burden for the sector. It can be seen here, and in summary: The Triple Compliance Tax:...
Open News
Tax Hike Jitters and Early Slowdown Create Landlord Uncertainty
A prominent investment analyst is warning that the prospect of multiple property tax changes and a potential overhaul of national insurance (NI) is creating significant uncertainty, leading to an earlier-than-usual slowdown in the housing market. Alice Haine, of...
‘WANTED: Rogue Landlord’ T-Shirts Fuel Political Fire Against Chancellor Reeves
The controversy surrounding Chancellor Rachel Reeves' failure to secure a selective licence for her London rental property has escalated from a local compliance issue to a national political jibe, thanks to the right-wing political website Guido Fawkes. The site is...
Scrutiny on Southwark Council as Chancellor Reeves Appears to Dodge Selective Licensing Fine
The Labour-controlled Southwark Council is facing intense scrutiny over its decision not to fine Chancellor Rachel Reeves for renting out her family home for over a year without the legally required selective licence. While the failure to obtain a selective licence is...
Letting agents warned over new HMRC anti-money-laundering rules
Most letting agents could now be at risk of breaching anti-money-laundering (AML) regulations following significant changes introduced by HMRC, according to compliance technology firm Coadjute. In September, HMRC published revised AML guidance introducing a detailed...
Housebuilders warn Labour’s 1.5 million homes target is “too optimistic”
Britain’s leading housebuilders have warned the Office for Budget Responsibility (OBR) that Labour’s target to build 1.5 million homes over the next parliament is unlikely to be met without significant policy changes. According to The Times, the Home Builders...
Chancellor under fire over unlicensed rental property
The Chancellor, Rachel Reeves, has come under renewed pressure following reports that two separate letting agents warned her she required a licence to rent out her Dulwich home — advice she apparently ignored before letting the property for £3,200 per month. According...
Medway Council considers borough-wide HMO licensing
Medway Council is consulting on proposals that could see all Houses in Multiple Occupation (HMOs) within several wards require a licence, regardless of property size. If approved, the new scheme would significantly widen the scope of landlord regulation across the...
Employment Rights Bill Enters ‘Ping Pong’ Stage
The Employment Rights Bill has entered its final parliamentary tussle after the House of Lords rejected several key government proposals, sending the legislation back to the House of Commons for further debate. The Bill had reached one of its last stages — the...
Renters’ Rights Bill now the Renters’ Rights Act
The Renters’ Rights Bill officially became law after receiving Royal Assent today, marking the most significant shake-up to private renting since the Housing Act 1988. Now known as the Renters' Rights Act, the legislation will usher in a new era for tenants and...
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Great Yarmouth landlords win the backing of their local MP in a campaign to pause the council’s upcoming selective scheme.
Great Yarmouth landlords have won the backing of their local MP in a campaign to pause the council’s upcoming...
Rogue landlords face jail as sentencing review widens housing offences
Rogue landlords face jail as sentencing review widens housing offences UK landlords are being warned that custodial...
Letting agents’ trade body Propertymark call for quicker eviction hearings
Letting agents’ trade body Propertymark has thrown its weight behind additional funding to help those facing eviction....