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Government looking to introduce Minimum 3 Year Tenancies.

It has been reported that the government will today, Monday 2nd July 2018, announce a formal consultation period on the proposal to introduce a minimum term of 3 years for all tenancies. In government briefings to selected journalists over the...

Bank of England issues gloomy buy to let mortgage lending figures

The Bank of England has issued gloomy figures on buy to let lending, suggesting the clampdown on mortgage interest tax relief and the stamp duty surcharge have finally had a significant effect on demand. The Bank of England says just 12.7 per...

Are tax increases on the rental sector leaving young people unable to access the homes they need?

The Residential Landlord Associations research wing, PEARL, has surveyed almost 3,300 landlords, of which 69 per cent said that the decision to impose a three per cent stamp duty levy on the purchase of new homes to rent in 2016 is putting them...

MPs back legislation to make all homes comply with minimum EPC band C

MPs have backed a proposed Bill that could see all domestic properties bought up to a minimum energy performance certificate (EPC) rating of C by 2035. Sir David Amess, Conservative MP for Southend West, proposed the Domestic Properties (minimum...

Landmark Court of Appeal ruling impacts cost for lease Extensions

A landmark Court of Appeal ruling that could be critical in determining the value of over two million homes in England and Wales with leases of under 80 years following the case of Mundy vs the Sloane Stanley Estate. The Court of Appeal ruled in...

Draft Tenant Fees Bill

The Government has set out its approach to banning letting fees in England in a new draft bill that has been introduced to Parliament. Communities Secretary Sajid Javid said that it will help millions of renters by bringing an end to costly...

Government announces consultation on lettings fee ban to be in March

During a debate in the House of Lords on 19th January, it was made known that the consultation on the ban on letting fees charged to tenants will be in March/April. Baroness Grender, who introduced the Renters' Rights Bill, tabled a question...

Government confirms wear and tear changes

Government confirms Wear & Tear change after 170 consultation responses HM Revenue and Customs has published the responses it has received to its 12 week consultation on changing the Wear and Tear Allowance for buy to let...

New Regulations relating to Carbon Monoxide and Smoke Alarms

Carbon monoxide and smoke alarms - new regulations for privately rented properties   You may have seen that the government have recently announced changes to the regulations regarding the installation of smoke and carbon monoxide...

UK Tax Update for Non UK Resident Landlord

UK Tax Update for non-UK resident landlords   If you are a non-UK resident landlord there have been some changes regarding the tax you will pay on your rental property. Should you decide to sell your UK property at some point in the future...