Private Housing Renters Central Housing Group

Housing Benefit Leaves 1 million Private Housing Renters Struggling

One million private housing renters who depend on Universal Credit are unable to cover their rent with the housing benefit they receive, the National Residential Landlords Association (NRLA) reveals. It has analysed government data and found that two-thirds of the 1.5 million private housing renters in Britain and receiving Universal Credit have a shortfall between their Local Housing Allowance (LHA) payment and their monthly rents. The LHA is the housing… Continue Reading Housing Benefit Leaves 1 million Private Housing Renters Struggling

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Anti-Landlord Bias Central Housing Group

Anti-Landlord Bias – Changes to Renters Reform Bill

The government has written to Conservative MPs promising changes to the Renters Reform Bill to ease concerns over its anti-landlord bias. Jacob Young, a junior housing minister, tells MPs: “We will bring forward an amendment to require the Lord Chancellor to publish an assessment on barriers to possession… in advance of abolishing S21 for existing tenancies.” Amendments the Government plans to table to the Bill include: – Accepting a proposal… Continue Reading Anti-Landlord Bias – Changes to Renters Reform Bill

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Landlords With Holiday Lets CHG

Chancellor Attacks Landlords With Holiday Lets

The Chancellor Jeremy Hunt has announced the end of a tax scheme that offered tax incentives for landlords with holiday lets in favour of long-term renters. He said the Furnished Holiday Lettings regime was causing a ‘distortion’ in the housing market and depriving local people of affordable homes. Mr Hunt said: “I am concerned this tax regime is creating a distortion meaning there are not enough properties available for long… Continue Reading Chancellor Attacks Landlords With Holiday Lets

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Right To Rent Offences CHG

Right To Rent Offences – Big Rise

There’s been a rise of over 400 per cent in the monetary total of fines issued for Right To Rent offences by agents and landlords. However the overall total remains relatively low. Agents and landlords were fined £151,480 in 2023 compared with £29,960 in 2022: the number of penalties issued rose from 32 in 2022, to 155 last year. New Right To Rent offences fine increases came into effect last… Continue Reading Right To Rent Offences – Big Rise

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Long Term Empty Properties CHG

Long Term Empty Properties To Double Council Tax

Sharpened rules to double council tax on long term empty properties will come into force from April 1, says the government. A statement from the Department of Levelling Up, Housing and Communities says this will support local people in areas where high numbers of empty homes are preventing them from finding affordable housing. The rules will apply when a property has been empty for 12 months, rather than the current… Continue Reading Long Term Empty Properties To Double Council Tax

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Reduce Rents Central Housing Group

Landlords Choosing To Reduce Rents

Latest data from agency Chestertons reveals a 125 per cent increase in the number of landlords choosing to reduce rents in February. The agency says this is in reaction to shifting market conditions in the capital. It believes that rents have dropped by up to 10 per cent in some areas compared to the same time last year; meanwhile there are nearly 40 per cent more properties on the market… Continue Reading Landlords Choosing To Reduce Rents

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Fires In Rented Properties CHG

Fires In Rented Properties – E-Bike Concerns

Despite several fires in rented properties, the government is proposing to double the maximum legal power of e-bikes. A Department of Transport consultation has two proposals for e-bikes – officially called electrically assisted pedal cycles (EAPCs or e-cycles): 1. to amend the legal definition of EAPCs, so that the maximum continuous power output of the electric motor is 500 watts instead of 250 watts; and, 2. to allow ‘twist and… Continue Reading Fires In Rented Properties – E-Bike Concerns

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Landlords To Sell Their Properties CHG

Treasury Wants Landlords To Sell Their Properties

The Government wants more private landlords to sell their properties and exit the market, commentary within Jeremy Hunt’s Spring Statement briefing document has revealed. Buried within the Treasury background notes published yesterday after the Chancellor’s speech in parliament, it explains why the reduction in the higher rate of Capital Gains Tax (CGT) for residential property disposals has been cut from 28% to 24%. While some landlords might assume the reduction… Continue Reading Treasury Wants Landlords To Sell Their Properties

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Tenant Applicants Central Housing Group

Big Rise In Tenant Applicants Doctoring Evidence

Tenant referencing platform HomeLet reports a 400% increase in cases of tenant applicants falsifying documents. The number of tenant applicants faking documents to secure rental properties has increased 400% during the past two years, according to HomeLet. The tenant referencing platform says would-be renters are doctoring bank statements and inventing job histories to improve their chances. FALSE EVIDENCE Almost all the documents that had been changed (90%) were bank statements… Continue Reading Big Rise In Tenant Applicants Doctoring Evidence

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Economic Crime and Corporate Transparency Act CHG

Economic Crime and Corporate Transparency Act – New Powers

Companies House has new powers from this week to combat fraud. These are measures under the Economic Crime and Corporate Transparency Act 2023 and include greater powers to query information and request supporting evidence, and stronger checks on company names and addresses – meaning firms won’t be able to use a PO Box as their registered office address. There will also be a requirement for all companies to supply a… Continue Reading Economic Crime and Corporate Transparency Act – New Powers

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Rental Plan Would Help End Homelessness CHG

Rental Plan Would Help End Homelessness

Shelter is calling for the construction of 90,000 rental properties each year for a decade – and it claims this rental plan would help end homelessness. New research carried out by data firm CEBR on behalf of Shelter and the National Housing Federation says such a programme would add £51.2 billion to the UK economy, including £12 billion profit to the taxpayer. The properties would be for social renting which… Continue Reading Rental Plan Would Help End Homelessness

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Property Sales Slow Central Housing Group

Property Sales Slows As Divorce Rate Tumbles

The number of property sales is expected to slow as the UK divorce rate tumbles due to the increasing cost of living and higher mortgage rates narrowing the options for those who need to borrow to buy a new home. Data from the Office for National Statistics last week revealed that there were 80,057 divorces granted in England and Wales in 2022 – a 29.5% decrease compared with 2021 (113,505… Continue Reading Property Sales Slows As Divorce Rate Tumbles

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Regulator of Property Agents CHG

New Regulator of Property Agents

Members will examine whether there should be a new regulator of property agents and hear about the key challenges dealing with letting agents. The House of Lords is to begin a probe into the regulation of property agents starting tomorrow which will hear from a range of experts including initially representatives of tenants and leaseholders – following on from Lord Best’s 2019 RoPA report. The Industry and Regulators Committee enquiry… Continue Reading New Regulator of Property Agents

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Retaining Fixed Term Tenancies CHG

Retaining Fixed Term Tenancies – New Appeal

Propertymark has emphasised the importance of retaining fixed term tenancies under the Renters Reform Bill. Propertymark chief executive Nathan Emerson met Housing Minister Jacob Young MP, who has responsibility for the Bill. Emerson says: “We had a very positive meeting with the Housing Minister who is absolutely engaging on all aspects of this important piece of legislation. “We know from member agents the importance of retaining fixed term tenancies as… Continue Reading Retaining Fixed Term Tenancies – New Appeal

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Long-Term Renters Central Housing Group

Long-Term Renters Favoured Over Holiday Rentals

The Chancellor Jeremy Hunt has announced the end of a tax scheme that offered tax incentives for landlords with holiday lets in favour of long-term renters. He said the Furnished Holiday Lettings regime was causing a ‘distortion’ in the housing market and depriving local people of affordable homes. Mr Hunt said: “I am concerned this tax regime is creating a distortion meaning there are not enough properties available for local… Continue Reading Long-Term Renters Favoured Over Holiday Rentals

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300000 New Homes Central Housing Group

300000 New Homes! Agents Plea To Government

Propertymark has again urged the UK government to continue with its target of building 300000 new homes in England a year in response to changing demographics. This follows the publication of the latest Office for National Statistics’ figures, which show that the divorce rate is the smallest it has been since 1971. They show 80,057 divorces completed in England and Wales in 2022, with Propertymark claiming that “many legal experts… Continue Reading 300000 New Homes! Agents Plea To Government

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Property-Related Tax Central Housing Group

Property-Related Tax Rakes In Hundreds Of Millions

HM Treasury raked in £6.3 billion in property-related tax in the 10 months from April 2023 to January 2024 according to data released by HMRC. This is £400m more than in the same period just one year earlier, and demonstrates a continued upward trend of increasing property-related tax bills. While just four per cent of estates are picking up the tab, the proportion of families affected is higher and the… Continue Reading Property-Related Tax Rakes In Hundreds Of Millions

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Clampdown On Short Lets Central Housing Group

Clampdown On Short Lets – More Campaigners Back Gove

Countryside campaigning charity CPRE has given a warm welcome to Michael Gove’s clampdown on short lets. Earlier this week Housing Secretary Michael Gove announced that councils will be given greater power to control future short-term lets by making them subject to planning consent. Meanwhile, a new mandatory national register will give local authorities the information they need about short-term lets in their area, and the government suggests this “will help… Continue Reading Clampdown On Short Lets – More Campaigners Back Gove

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Energy Efficient Houses Central Housing Group

Energy Efficient Houses Surge In Interest

There’s been a surge in enthusiasm for energy efficient houses according to research from heat pump advocates OVO. It says that a survey shows 66 per cent of those planning to buy a home in the next two years are specifically looking for energy efficient houses with green installations that improve and reduce carbon emissions. Exploring the relationship between energy efficiency and property value, data from Rightmove shows that improving… Continue Reading Energy Efficient Houses Surge In Interest

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Ukrainian Visa Extensions CHG

Ukrainian Visa Extensions – Likely Impact On PRS

Ukrainians who came to the UK following the Russian invasion will be able to apply for 18-month Ukrainian Visa Extensions, the government says. Since the invasion almost exactly two years ago some 200,000 Ukrainians and family members have come to the UK; the visas of the first to come to the UK were due to expire in March 2025 although with the extension this will now be at least September… Continue Reading Ukrainian Visa Extensions – Likely Impact On PRS

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