Changes to tax relief for residential landlords
The tax relief that landlords of residential properties get for finance costs will be restricted to the basic rate of Income Tax, this will be phased in from April 2017. The amount of Income Tax relief landlords can get on residential property finance costs will be restricted to the basic rate of tax. The changes […]
How to deal with your evil landlord
If you’re having something of a landlord dispute, chances are, you’re not the only one. 35% of UK homes are rented, and only 1.4 million people between 25 and 35 own their own homes. That’s because the world is a miserable place and where once young people could buy a house at the age of […]
Brexit leaves an uncertain future for landlords
‘Uncertainty’, ‘disbelief’ and ‘concern’ are the words one landlord used to describe his reaction to last month’s Brexit result. But it would seem that landlord Adam Feather is not the only one anxious about the impact that Britain’s decision to leave the EU could have on the private rented sector (PRS). A new survey by […]
Brexit: ‘Racist backlash’ will damage rental sector, warns agency
The Belvoir franchise letting agency group has taken the unusual step of calling for clarity on government migration policy. Belvoir managing director Dorian Gonsalves says that in general, after months of pre-referendum uncertainty, the lettings sector has taken a ‘back to business’ approach now that a Brexit has been decided by the vote. However, Gonsalves […]
UK housing market grinds to a halt
The number of homes that came onto the sales market dropped at its sharpest rate to date while buyer demand fell to an eight-year low following the UK’s decision to exit the European Union, the latest Royal Institution of Chartered Surveyors (RICS) survey has revealed. The RICS survey for June, which reflects housing market sentiment […]
Landlords flood rental market
Landlords who rushed to acquire properties earlier this year are now actively renting them out, providing tenants with a flood of homes to choose from, according to Rightmove. The property portal report that there was an 8% rise in the volume of rental properties being listed in the second quarter of the year compared with […]
Landmark case about tenants’ human rights – what does it mean?
A landmark case has just been decided that tested the boundaries of tenants’ human rights. Alex Byard explains what it means for landlords. Last month, the Supreme Court was asked to consider if a possession order granted to a private landlord was in breach of his tenant’s human rights. The case of Macdonald v McDonald […]
Bank of England’s Mark Carney issues warning to millions of homeowners over rate rises
Millions of homeowners and buyers were today warned by the Bank of England governor to ensure their finances could withstand a three per cent rise in interest rates in coming years. Amid concerns many families could not envisage a scenario of the cost of their mortgage rising, Mark Carney stressed they should be prepared for […]
First Time Buyers continue to drive property market activity
Connells Survey and Valuation has revealed that the pace of property valuations conducted in June 2016 has grown on both an annual basis and since May. Covering the month of the EU referendum, the total number of valuations carried out in June rose by 4% compared to June 2015, and follows month-on-month growth of 24% […]
Warning to Landlords as 34% sublet with out consent
According to a new report, a third of tenants (34%) are currently subletting without the landlord’s consent and four out of ten tenants admitted that they were planning to sublet in the near future, without telling their landlord. The study, conducted by PropertyLetByUs.com – an online letting agent, also shows that the majority of tenants […]