A leading legal expert has warned that the government’s proposed National Insurance (NI) levy on rental income may disproportionately hit small landlords while sparing large corporate operators. Ian Narbeth, real estate consultant at DMH Stallard, says early...
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Nationwide: House Price Growth Slows in August
The latest Nationwide survey shows that annual house price growth eased in August as affordability pressures continue to weigh on buyers. House prices rose 2.1% year-on-year, down from 2.4% growth in July. On a monthly basis, prices slipped 0.1% following a 0.5% rise...
Landfill Tax Hike Could Add £24,000 to New-Build Prices, Industry Warns
Rachel Reeves’s plan to overhaul landfill tax has been branded “insane” by construction leaders, who warn it could add £24,000 to the cost of building a new home and cripple the government’s pledge to deliver 300,000 homes a year. At present, landfill tax has two...
Treasury Considers Stamp Duty Shake-Up, Sparking Uncertainty in Property Market
Writing in LandlordToday, Louisa Sedgwick, Managing Director of Mortgages at Paragon Bank, reports that speculation is mounting over potential changes to Stamp Duty ahead of the upcoming Autumn Budget, with reports suggesting the Treasury is considering a new tax on...
Mortgage Rates Creep Up Despite Base Rate Drop
The UK mortgage market is experiencing a new bout of uncertainty, as several major lenders, including Santander and NatWest, have begun to increase their mortgage rates. This move is causing concern among brokers and borrowers, as it comes despite a recent drop in the...
Deputy Prime Minister Accused of Avoiding £40,000 Stamp Duty
The Telegraph is reporting that the Deputy Prime Minister Angela Rayner is facing intense scrutiny over her property transactions, with accusations that she has "deliberately conducted her property affairs to pay less stamp duty and council tax." The article can be...
New Tax Threat: National Insurance on Rental Profits?
Landlords face yet another potential tax squeeze, with reports suggesting the government may introduce National Insurance contributions (NICs) on rental income profits. According to The Times, a leak indicates the measure could raise £2 billion for the Treasury if...
Westminster City Council launches consultation on renewal of Additional Licensing Scheme
Westminster City Council has launched an 11-week public consultation on the renewal of its borough-wide Additional Licensing Scheme for smaller Houses in Multiple Occupation (HMOs). The consultation invites feedback from residents, tenants, landlords, letting agents,...
Renters’ Rights Bill Linked to Rising Rents, Claims Go.Compare
More than half of tenants in England (53%) have seen rent increases since the Renters’ Rights Bill was announced, according to new research by comparison website Go.Compare. The report suggests that around 2.5 million households have faced higher rents since the Bill...
Council Seizes Control of 18 Properties After Landlord Failures
Merton Council has taken over the long-term management of 18 rented homes after the landlord repeatedly failed to meet safety and licensing obligations. The council first used its powers last August to impose an Interim Management Order, following tenant complaints...
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LANDLORDS WARNED: COURT BACKLOGS THREATEN RENTERS’ RIGHTS ACT TIMELINE
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LANDLORD WARNING: RENTERS’ RIGHTS ACT BRINGS FINES UP TO £40,000
The government has issued stern guidance to landlords, signaling a dramatic shift in enforcement powers under the new...