The recent changes to Stamp Duty Land Tax (SDLT) outlined in the UK Budget have caused a stir among landlords, particularly those with buy-to-let portfolios, as they prepare for the higher tax liability that will take effect in April 2025. The move is expected to...
Open News
What estate agents need to know about the Renters Rights’ Bill
Propertymark has advised its members about the Renters Rights Bill. The original article can be seen here, and says that with the Renters’ Rights Bill advancing through Parliament, the rules surrounding the sale of rental properties with sitting tenants are evolving,...
Rising level of rent arrears in the UK
The rising level of rent arrears in the UK, as reported by Reposit for Q3 2024, is a growing concern for landlords, particularly as average arrears claims hit £2,064 — a significant 22% increase year-on-year. This amount far exceeds the average five-week cash deposit...
Will the Rights Bills push landlords into holiday lets?
The ongoing debate around the Renters’ Rights Bill has intensified as MPs and stakeholders voice concerns about its potential impact on the private rented sector. While the bill aims to improve conditions for tenants and provide greater security, critics warn that it...
Prime Minister and his Chancellor are both landlords
The recent revelations about the Prime Minister and other Labour Party figures being landlords have sparked significant controversy, especially given Labour's position on housing and renters' rights. Sir Keir Starmer's rental income from his North London property —...
Landlords told to pay thousands for HMO offences
The BBC is reporting on three landlords who have been fined for a string of failings. The article can be read here, and highlights three landlords who have been heavily fined after being convicted for operating unsafe and unlicensed Houses in Multiple Occupation...
New Selective Licensing Consultation
The City of Westminster are holding a public consulation on whether to bring Selective Licensing. More details can be seen here, and we urge you to participate in the consulation. You can book your ticket here.
Autumn Budget 2024: where will you feel the pinch?
The Financial Times has presented its view on the budget. It can be seen here (subscription may be necessary) and says that recent UK Budget, presented by Chancellor Rachel Reeves, has introduced substantial tax increases aimed at addressing the country’s financial...
Limited companies dominate buy-to-let purchases: Financial Times
The Financial Times has reported on the growing number of buy-to-let landlords who own through limited companies have been purchasing rental homes, challenging the picture of decline across the private rented sector. The article can be seen here (subscription may be...
The OBR’s damning Budget verdict gives the Tories ammunition for years
The Telegraph has published an article starting ' Seldom has a budget come apart so quickly' It can be seen here (subscription may be necessary), stating that Rachel Reeves' recent Budget has faced swift and severe criticism, particularly from the Office for Budget...
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Renters’ Rights Bill: Timelines remain unclear until Royal Assent
A senior government official has confirmed that landlords and agents will not see implementation dates for specific...
Property tax reform rumours already cooling housing market
Speculation over wide-ranging property tax reforms is already hitting the housing market, with research showing fewer...
Is the 1.5m homes target ambitious enough?
New research suggests the government’s pledge to build 1.5 million homes over the course of this Parliament may still...