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The Communities and Local Government committee has recommended that the government simplify tax and regulatory structures that apply to private landlords. CLG has put forward proposals in an effort to create an environment in which small private landlords are encouraged to expand their portfolios and invest in new build housing. It said investment by large… Continue Reading
Category Archives: News
Government Review Recommends Changes to Favour Private Rented Sector
An influential government-commissioned review is set to recommend sweeping changes to planning and funding rules to favour the private rented sector over affordable homes. The proposals are likely to be included in Sir Adrian Montague’s review of the private rented sector, which is expected to be published next month. They include pushing councils to change… Continue Reading
Rental Market Increases Again!
The UK rental market saw a 6.34 % increase in the number of properties advertised between January and March 2012 compared with the same period last year, according to global information services company, Experian. It also found that the number of properties for sale dropped by 2.53 percent. Experian’s Movers Index shows that the number of properties… Continue Reading
Housing Benefit for Under 25’s to be Scrapped
The prime minister, David Cameron, has set out plans to scrap housing benefit for 380,000 young people under 25, which could save up to £1.8bn a year on the welfare bill. In a speech today he said working age welfare should principally be for people with no other means of support who have “fallen on hard times”, and that doesn’t neccesarily include under-25’s… Continue Reading
But To Let Landlords Will Be Hit By Tax Clampdown
Buy-to-let landlords in East Anglia, London, Yorkshire and the North East are being targeted as HMRC has announced ‘tax forces’ in attempts to clamp down on tax evaders. Geographic areas will be targeted as each tax force clamps down in order to recover an estimated £17 million. Exchequer Secretary, David Gauke, said: “We have made it clear… Continue Reading
HMRC Target Property Rentals
A new taskforce to tackle tax evasion on property transactions and rented properties has been announced by HM Revenue & Customs (HMRC). The taskforce covering East Anglia, London, Leeds, York, Leicester, Nottingham, Lincoln, Durham and Sunderland is expected to recover more than £17m from tax dodgers. Taskforces are specialist teams that undertake intensive bursts of activity… Continue Reading
Live Inventory, Deposit and Contract Advice, Thurs 21st June at 11.30am
A new webTV programme has been launched, specifically to offer advice to landlords. Tomorrow’s show, “Don’t get stung by your inventory”, offers advice on inventories, deposits and contracts. To submit any questions you may have for the speakers on the show, simply click here You can watch the programme live on Thursday 21st June 2012… Continue Reading
Private Landlord Rental Income Set to Reach £70bn
Global real estate service provider, Savills, has forecast that the total rental income received by private sector landlords could rise to £70 billion in the next 5 years. This shift away from home ownership towards renting creates a need for significant investment, say Savills. Lucian Cook, director of residential research at Savills, said “Rental growth… Continue Reading
Financing Your Next BTL Investment
When you are ready to purchase a buy to let property it is critically important that you finance it in the most cost-effective way possible. You also need to get your funds in place as quickly as possible, as you won’t be the only one looking to snap up a bargain investment. To ensure you… Continue Reading
Landlords Struggle to Rehouse ‘Bedroom Tax’ Tenants
The so-called ‘bedroom tax’ is an under-occupation charge for people living in social housing who have a spare room. This ‘bedroom tax’ takes effect April 2013. Tenants will have a choice of paying, on average, an extra £40 per month if they have one spare room, £70 per month if they have two, or move… Continue Reading