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RICs now warning lack of energy advice is stalling drive to net-zero
You may be aware that we have been running a campaign for the past two years, to get the Government to make it clear what landlords will have to do to meet their energy requirements. The not least of which is a request to publish the requirements...
Tax-efficient ways landlords can sell buy-to-lets
As you are aware, iHowz don't give tax advice, but we can point you at an excellent article in the Investors' Chronicle - see here (subscription may be necessary).
ONS Housing Figures
The UK housing market showed signs of deceleration in May, with the ONS' official house price index reported a 1.9% annual increase in house prices, down from the revised 3.2% growth recorded in April. The average price of a house was now pegged at...
Highlights from the English Housing Survey
The English Housing Survey has just been published, and can be seen here. The headlines are: The private rented sector is the second largest tenure, with roughly 4.6 million households representing nearly one fifth (19%) of households in England....
Brent to bring in Selective Licensing
Landlords who rent out properties in Dollis Hill, Harlesden & Kensal Green and Willesden Green, will legally be required to have a licence from the start of next month. A licence will cost £640 for up to five years. Anyone who applied in the...
Hydrogen NIMBYs
Controversial UK government aspirations to replace gas boilers in some homes with a hydrogen-based alternative are likely to be scrapped, Grant Shapps, the energy minister, has indicated. Shapps said he believed hydrogen would form part of...
The low cost policy that the renter’s reform bill doesn’t cover
The Behavioural Insights Team have published a blog asking why the Renters Reform Bill doesn't contain a 'low cost policy, popular with tenants, homelessness advocates and private landlords, that is missing from the bill: allowing people who...
Evictions should be blocked for first year
Landlords should be unable to serve an eviction notice for at least the first year of a tenancy – even if they are selling or occupying a property, according to think tank Fabian Society. The left wing think tank also reckons eviction notice...
30% of landlords plan to sell properties
Some 30% of landlords plan to sell properties in the next 12 months, data from Landbay has revealed. As to be expected, the deciding factor for most (60%) of landlords intending to sell is rising interest rates – an increase from 45% in the...
Overseas landlords – summary of the non-resident landlord scheme for agents
If you are an agent letting a property to a non-resident landlord, you need to see this announcement. A new manual can be seen here, and says: A letting agent is generally a person who: has a ‘usual place of abode’ in the UK, and acts for a...
Overseas landlords – summary of the non-resident landlord scheme
The Government has published a manual on property income received by non-resident landlords. It can be seen here, and is where the property is located in the United Kingdom (UK) then any income generated from it is charged to tax in the UK. This...
Visa rules eased for building industry
Roofers and plasterers have also been added to the Shortage Occupation List, which temporarily eases visa restrictions in areas where employers are struggling to fill vacancies. The Migration Advisory Committee (MAC) advised adding builders to the...
Tribunal ordered tenants to pay higher rent
The Telegraph is running an article on the dangers for tenants who challenge a Section 13 notice - a legal notice to increase the rent. It can be seen here (subscription may be necessary) and states ' An analysis of 30 tribunal cases in the second...
UK Rightmove house price index.
UK Rightmove house prices fell by 0.2%, or £905 month-on-month in July, versus 0% in the prior month. Year-on-year growth decelerated to 0.5% from 1.1% in June. The average asking price now stands at £307,907, still 2.6% higher than in January,...
IHT: Have your let property cake and eat it
AccountingWeb are running an article stating 'Many individual landlords are facing huge inheritance tax charges on their death. Tax specialists Forbes Dawson have a plan to mitigate some of that pain while keeping most of the rental income. The...
Bank of England warn of double whammy for landlords
The Bank of England’s latest Financial Stability Report warns of the chaos to come as landlords are hit with the double whammy of higher interest rates and both tax and regulatory changes, stating that landlords who rely on finance to keep their...
Labour unhappy landlords not included in Mortgage Charter
As previously reported (see here), the Chancellor has announced a charter to help home owners who are suffering from skyrocketing interest rates. Under the terms of the charter homeowners’ will not be forced out by their lenders for at least a year...
The key to solving Britain’s housing crisis lies in urban regeneration
The Telegraph has run an article suggesting they have the answer to Britain’s housing crisis. It can be read here (subscription may be necessary) and reports 'Landsec and British Land are joining forces to collectively call on the Government to...
Buy-to-let investor demand suffers sharpest drop as rates reach 12-year peak
The Daily Telegraph are warning of a 'perfect storm' as demand for homes is plunging as the mortgage crisis forces buyers out of the market, estate agents have warned. The article can be read here (subscription may be necessary) stating ' Figures...
Gove has ‘given up’ on housing after handing back £1.9 billion
Architects Journal has commented on the report that the Levelling Up department has handed back £1.9 billion. It can be seen here
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LATEST NEWS
Many councils want to double eviction period
A letter signed by 103 local authority leaders, urging Housing Secretary Michael Gove to support an amendment to the...
East Sussex council is able exclude people with disabilities that may contribute to anti-social behaviour (ASB) from social housing – High court rules
The case involving the claimant who suffered from autism, ADHD, and alcohol dependency and brought a judicial review...
Crawley Borough Council has declared a housing emergency
The declaration of a housing emergency by Crawley Borough Council, as reported by Sussex World, underscores the...
Household Costs Indices for UK household groups: October 2023 to December 2023
The Office for National Statistics' recent publication provides insights into the inflation rates experienced by...
Councils to move further and faster against rogue building owners
The recent actions and statements from Minister for Housing and Building Safety, Lee Rowley, shed light on the...
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