‘Commercial property landlords will take up to 50% rental losses’
Landlords are likely to face rental losses of 30 to 50 per cent, according to a consultant in the commercial property sector. Tony Lorenz, who runs Lorenz Consultancy, told Facilitate: “Even if we were to go back to some sort of normality as soon as tomorrow (which clearly will not happen), businesses will still have […]
As a rent crisis looms, councils have a plan – the government should take note
Julian Higson has just bought a new house. Or to be precise, he’s bought about a hundred of them. For months he’s been snapping up properties off plan all over Bristol, as developers begin to fret that flats planned at the height of a pre-Covid boom might not sell so well in a recession. But […]
A quarter of private renters could fall into arrears in some areas
Up to a quarter of private renters could fall into arrears in towns and cities most impacted by Coronavirus, research from rental technology firm flatfair has found. With up to 25% of furloughed workers set to be made redundant across Britain as the government’s job retention scheme winds down this month, towns like Crawley, which […]
Drastic consequences if stamp duty holiday ends in March – agents’ chief
The housing market’s recovery will be threatened with drastic consequences for buyers and sellers if the stamp duty holiday isn’t extended beyond March 31 next year. That’s the warning from Mark Hayward, chief executive of NAEA Propertymark. Click this link to be re-directed to the original article.
New advice on Capital Gains Tax on sale of rental units
Tax experts at specialist landlord accountancy firm Gorilla Accounting are giving the sector fresh advice on minimising CGT liability when selling a rental unit. Most owner-occupiers avoid CGT because they have Private Residence Relief, so long as they meet certain criteria, Click here to go to the original article.
National licensing of landlords “on the horizon” says regulation expert
A key member of the Regulation of Property Agents working party says the licensing of private landlords is “on the horizon” but remains a vast piece of work before it can take effect. Mark Hayward, chief executive of the National Association of Estate Agents Propertymark organisation, was one of the most high-profile members of the […]
Landlords urged to act quick on Green Homes Grants
Just under half of landlords say they intend to make energy efficiency improvements to properties as part of the government’s Green Homes Grant scheme. In a survey carried out on behalf of Paragon Bank, 45 per cent of landlords said they will take up the offer of up to £5,000 covering two-thirds of the cost […]
40,000 renters could face eviction over winter, say tenants campaigners
As many as 40,000 renters could be evicted from their homes in the coming months, according to tenants’ rights campaigners who are calling for mandatory evictions to be banned over the winter. Generation Rent, part of The Big Issue’s Ride Out Recession Alliance, analysed court claims to project that tens of thousands of people who […]
Inheritance tax planning ideas for family business, property and land owners
With property prices across the UK continuing to rise, and the tax-free threshold (known as the ‘nil rate band’) of £325,000 frozen, family business owners could be forgiven for thinking that Inheritance Tax (IHT) is a fact of life. Click on this link to go to the original article.
Judge orders crooked letting agents to pay victims almost £100,000 in compensation
Three dodgy letting agents who kept tenants’ rent payments instead of passing them on to the landlords have been ordered to pay almost £100,000 in compensation to their victims, marking the end of a long-running and complex investigation by Islington Council. Click on this link to go to the original article.