Landlords are grappling with a challenging mix of new legislation and rising costs, according to a report from Simply Business. The survey, which included nearly 2,000 landlords, highlights significant concerns about the future of the buy-to-let market. A notable 71%...
Open News
Council reverses Council Tax decision
Pembrokeshire Council’s recent decision to reduce the council tax premium on second homes from 200% to 150% marks a significant shift, particularly in a region popular for holiday lettings. This comes just six months after the higher 200% rate was introduced and...
Why are we building homes when so many are standing empty?
The BBC has run an article on the problem of empty homes, claiming 'If all empty homes were brought back into use, the housing crisis would be solved at a stroke and, arguably, the government would not have to build 1.5m new homes.' The article can be read here, and...
Will there be exclusion of buy-to-let properties from CGT increase?
Landlord Knowledge are running an article claiming that the anticipated Capital Gains Tax (CGT) increase will not apply to buy-to-let properties. It can be seen here, and goes on to say that the decision helps prevent a feared mass sell-off of rental properties, which...
Thousands of new homes to be built as government unlocks brownfield sites
The Government has announced that 'Thousands of new homes to be built as part of the government's plans to get the country building again.' The announcement can be seen here, where the UK government has announced a significant funding boost aimed at unlocking disused...
Rightmove – Rents continue to rise
Asking rents outside London have hit a new record high of GBP1,344 on average per month, having increased by 5.2% annually, according to a property website. The average rent advertised for London properties also reached a new record of GBP2,694 per month, which was...
Are holiday lets still a worthwhile investment?
Writing in Landlord Today, Martin Sims Distribution Director at Molo Finance comments on holiday lets. The full article can be seen here, and says that the potential changes in capital gains tax and the looming budget considerations under the new Labour government...
Rental Reform – courting the courts
Writing in Landlord Today, Ian Fletcher, Director of Policy at the British Property Federation says that the ongoing reforms in the private rented sector have sparked significant debate, particularly regarding the efficiency of court access, which is crucial for...
Why landlords face wipeout under Labour – and it’s terrible news for renters
Telegraph Money is launching a campaign 'calling on the Government to end the war on property investors and put a stop to further meddling that risks driving decent landlords out of the market.' The original article can be read here (subscription may be necessary) and...
Labour’s tax on jobs ‘will scare away business’
The Telegraph has run an article under the heading 'Labour’s tax on jobs ‘will scare away business’ The whole article can be read here (subscription may be necessary) and says that the potential rise in employers’ National Insurance (NI) contributions by the Labour...
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The Renters’ Rights Bill Moves to Final Stage
The Renters' Rights Bill is set to return to Parliament on October 14th for its final stages before becoming law. The...
New Rental Trend: The Rise of the ‘Stopover Tenant’
A new phenomenon is unsettling the private rented sector: so-called ‘stopover tenants’ – renters who commit to six- or...
Rents Fall for First Time in Years, Offering Tenants Breathing Space
New data from Hamptons shows that newly agreed rents across Britain fell by 0.4% year-on-year in August — the largest...