An exclusive offer from NetRent to all landlords
Let’s be honest, no-one really like talking about insurance. Even renewing your insurance can be time consuming and often confusing. After all, you already have insurance so why bother to change it? Well now we have a tremendous offer for you – stay with your existing insurance company and save at least 10% on your […]
2 weeks until London’s Tenant Tax Summit
Two weeks today, landlords, letting agents and others from the UK’s private rented sector will come together in London for a special summit tackling the government’s “Tenant Tax”, which is set to negatively impact both landlords and tenants. The tax change, which was introduced in last year’s summer Budget, is the latest in a string […]
Taxman picks up record £1.2bn in stamp duty in a month
Last month was a record for stamp duty receipts as landlords and second home buyers settled their tax bills after rushing through purchases ahead of the 1 April hike. The Government generated nearly £1.2billion in stamp duty in April from a total of 173,430 property transactions in March, data from HMRC shows. The three per […]
Landlords hit with fines for fire safety failings
Two landlords have been fined after being found guilty of fire safety failings in their rental properties. Both prosecutions were brought by Hull City Council for two separate cases. The authority fined John Holmes £1,600 for failing to adequately manage a house in multiple occupation (HMO). He was also ordered to pay almost £700 in […]
Landlord making tenants homeless blasts Osborne’s ‘immoral’ property tax
LANDLORDS are being forced to sell buy-to-let properties and make vulnerable tenants homeless as a result of tax changes being introduced. From next year, owners of rental properties will have a number of tax perks axed, leaving many landlords with little option but to sell up. It is tenants who are set to suffer the […]
UK house prices fall as new landlord tax starts to bite
UK house prices fell more sharply than expected last month after the introduction of a new tax on the purchase of rental properties. The market might also be entering a cooler phase, lender Halifax said. House prices fell by a monthly 0.8% in April after a 2.2% leap in March. Compared with the same period […]
Landlords offered online tax training
‘Tax doesn’t have to be taxing’, or at least that is what those helpful adverts from HM Revenue and Customs (HMRC) reminding us to pay our income tax on time claim. But in reality, many landlords do need help calculating the tax owed on their rental income. Fortunately, the government has produced a new tax […]
Thousands of amateur landlords putting tenants’ lives at risk
Many part-time landlords across the UK are putting their tenants’ lives at risk and could face hefty fines for breaking basic gas safety legislation, according to fresh research. A new survey of 1,000 amateur landlords and 500 tenants of part-time landlords conducted by Atomik Research, on behalf of British Gas, has found that 20% of […]
Tenants Don’t Check On Landlords
Just 20 per cent of UK tenants do any form of check in their landlords before agreeing to a tenancy, a figure which more than halves in the capital. The study, by London removals firm Kiwi Movers, found that a mere 8 per cent of tenants in London research their landlord, with the competitive nature […]
Average tenancy is now 18 months
Tenants are now adopting a more short-term view on renting property, reflected in the average assured shorthold tenancy length which is now just 18 months, according to fresh research by landlord insurance provider Direct Line for Business. The findings from the report are somewhat surprising given that previous studies had shown that the average duration […]