Petition against ending BTL tax breaks

HMRC reveals latest deadline for Making Tax Digital rules

Landlords who manage their portfolio through a VAT-registered business have been warned they must sign up to HMRC’s Making Tax Digital (MTD) initiative by 1st April. It will then become mandatory for all businesses paying VAT to store details of their affairs digitally and file their tax returns using specialist software on a more regular basis. Businesses with a taxable turnover above £85,000 have had to follow MTD since April 2019…

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Property Licensing Schemes Central Housing Group

London borough scales back selective licensing after success so will others follow?

Hammersmith and Fulham Council has scaled back its renewed selective licensing scheme from 128 to just 24 streets after declaring that anti-social behaviour has improved in parts of the borough’s private rented sector. A council report says it believed that focusing on specific streets was a more targeted approach than applying the scheme to the whole borough or to whole wards. It added that a recent consultation and its research…

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Minister writes to English landlords about ‘Winter Plan’

Housing minister Christopher Pincher MP has written an open letter to all landlords in England this December to explain the measures contained in the Government’s Autumn and Winter Plan (2021) to tackle rising cases of Covid-19. In particular the Government is keen to ensure that all residential property can be properly ventilated to minimise the spread of Covid-19 in enclosed spaces. Intended for both social and private landlords the minister…

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Report lays bare impact of tax hikes on rental market

Over half of private landlords responding to a new survey say recent tax changes in the rental market have had a negative impact on their investment plans. That’s the finding from a new study by the London School of Economics (LSE) for the National Residential Landlords Association (NRLA). Based on responses from over 1,400 private landlords across England it finds that 52 per cent say tax changes have deterred them from making further…

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Landlords And Tenants Central Housing Group

Omicron worries make tenants stay put – demand has slumped

There’s been a slump in demand for rental properties as a result of tenants staying put in the latter part of 2021 as Omicron worries gripped the country. This follows the pattern of earlier in the pandemic when far fewer tenants moved to different properties because of difficulties with lockdowns and viewing restrictions. Research by Midlands lettings agency Barrows and Forrester, analysing 23 cities, found that rental demand averaged 27.6…

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Five reasons why Airbnb and short lets should be regulated – MPs told

MPs and the wider public have been presented with a lengthy report on the growth of Airbnb and similar platforms across the UK – and with it, they have been told of five key areas where there is growing concern over the short lets sector.  The House off Commons Library – which operates independently of political parties and the government – has produced a 57 page report explaining how short…

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Bailiff-Enforced-Evictions Central Housing Group

Paul Shamplina: ‘Possession cases will rise in 2022’

So, we ended 2021 after twenty-one months since the first Covid lockdown with the new variant, Omicron, spreading fast, and with Wales, Scotland and Northern Ireland putting in stricter measures and speculation that England may follow with an announcement early in the New Year. The eviction suspension was put in place from April to October 2020 following the introduction of the Coronavirus Act 2020, as the Government understandably did not…

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Let Out Illegally CHG

‘Don’t call us landlords’ say two-thirds of buy-to-let sector

Nearly two-thirds of landlords would prefer to be called something else, new research has revealed. Broker Mortgages for Business canvassed the sector and found that only 36% preferred to be called landlord, with 43% opting for ‘small housing provider’ and 7% warming to ‘rental accommodation provider’. These attitudes mirror developments in the US, where many buy-to-let business people have called on the media to stop using the word landlord, largely because it…

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Tenancy Strategy Central Housing Group

Is Shelter right? Do high rents impact women more than men?

Shelter claims that women are impacted by homelessness more than men, and says rising private rents are a contributory factor. In a new study Shelter says 60 per cent of all homeless adults living in temporary accommodation in England today are women, despite only making up 51 per cent of the general population. The campaigning charity suggests women are more likely than men to have to tackle rising housing costs,…

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Russians to displace Chinese as top foreign investors in London – claim

A leading agency handling international investors and buyers says Russians will displace the Chinese as the main purchasers of buy to let units in prime London in 2022. Beauchamp Estates says the surge for London properties will be accelerated by a flight of capital driven by worries that the escalating Russia-Ukraine border conflict could result in Russia and its elite being hit by economic and financial sanctions driven by the…

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Prime London Market Central Housing Group

Third of renters in London plan to quit the capital for more space

A survey by PropTech firm Moveable suggests that over a third of those renting in London are doing so only while they save to rent or buy outside the capital. The main aspiration is to achieve a home with more space, considered much more achievable outside London than inside. In a survey by the firm, 38 per cent of those living in London plan to rent for longer in order…

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Private Rent Debts Central Housing Group

Agents may shun landlords with poor compliance record – claim

Self-managing landlords who think they don’t have the same compliance obligations as agents could face serious repercussions, Trading Standards chiefs have warned. At a rental round table debate led by PropTech supplier PayProp, Emma Cooke – policy and information manager at the National Trading Standards Estate and Letting Agent Team – said: “You open yourself up to prosecution – not just from Trading Standards but under the Housing Act from…

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Leaseholders wont need to pay for unsafe cladding remediation in medium-rise flats

The Government has announced that leaseholders in lower height buildings will not have to pay for the removal of unsafe cladding. Instead, leaseholder residents in blocks between 11 and 18 metres high will have their unsafe cladding removed at a cost to developers and builders. Reports suggest that the Government is still considering whether the funding should be available to leaseholder landlords. The NRLA is making urgent representations to the Department…

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Property Taxes Central Housing Group

Tax clampdown on letting second homes confirmed by government

Owners of second homes who abuse a tax loophole by claiming their often-empty properties are holiday lets will be forced to pay under new measures announced by the government today. The Department of Levelling Up, Housing and Communities says the changes will target people who take advantage of the system “to avoid paying their fair share” towards local services in popular destinations such as Cornwall, Devon, the Lake District, Suffolk,…

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Home offices set to be tenants’ must-haves for 2022 – forecast

Home offices are already the most-demanded must have from prospective tenants says James Hay, director at Surrey lettings agency, The Home Club. And he forecasts that this requirement will remain popular next year too. “The rising fear of a New Year lockdown has seen family renters’ wish lists dramatically change, prioritising home office space over larger gardens, school catchment areas and even affluent residential areas. A property that would once have flown out…

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S21 Eviction Power Central Housing Group

Scrapping Section 21 may take three years says industry expert

A leading expert on the private rental sector predicts it will take three years for the government to scrap Section 21 evictions powers. Paul Shamplina – Head of Property for Hamilton Fraser and founder of Landlord Action, and also the star of the Channel 5 show Evicted! Nightmare Tenants – says 2022 will see at last the government’s plans to end S21 powers for agents and landlords. But it will first…

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Cryptocurrency Investors Central Housing Group

Restrict buy to let – Conservative’s shock demand to government

A former Conservative councillor has used a leading party website to call on the government to restrict the purchase of buy to let properties. Sam Clark is a former Conservative councillor living in Epping Forest in the south east of England, and writes on the Conservative Home website: “We are repeatedly told that what the country needs is more housing. In Epping Forest’s local plan, it is expected 11,400 houses…

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CHG Guaranteed Rent Scheme

Pets in Lets: New evidence of property damage caused by dogs

New research by MoneySuperMarket reveals that dogs cause £1.5 billion of property damage per year. Labradoodles are the UK’s most destructive dog breed, causing an average of £192 worth of damage annually, compared to the national average of £147 per dog.  Golden Retrievers are second at £165, closely followed by German Shepherds in third place at £163. At the other end of the scale, Jack Russells are the most furniture-friendly…

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Private Renters In Arrears Central Housing Group

Arrears rising as Omicron hits tenants across rental sector

Propertymark says arrears in the private rental sector are rising once again as the Omicron variant continues to push across the country. “Looking towards the sector’s immediate challenge as the pandemic rears its head once again, the unfortunate reality is that we may see an increase in the number of renters falling into arrears. It is therefore vital that vulnerable tenants are adequately supported during this time” explains Propertymark chief…

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Void Periods Central Housing Group

Reform tax, Beef up rogues database – Agents demand radical rental reforms

ARLA Propertymark has launched a radical programme of reform for the private rental sector – getting in before the government’s own Renters’ Reform White Paper expected in the New Year.  Propertymark’s 38-page and highly detailed ‘The Future of Renting’ position paper tackles areas of the ector that have been under the microscope by the UK government – affordability, consumer protection and access to justice. The paper highlights the contribution the…

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