Self-Assessment Returns CHG

HMRC Warning Self-Assessment Returns

HMRC has sent out a stark warning that its data shows that 3.8 million people have so far failed to send in their self-assessment returns before the January 31st deadline, and many thousands are understood to be private landlords. HMRC states it is expecting 12.1m plus self-assessment returns to be filed for 2022/23 tax yearalong with payments for the owed tax. Earlier this week by Wednesday January 24th HMRC received… Continue Reading HMRC Warning Self-Assessment Returns

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Over 50 Year Old First Time Buyers CHG

Over 50 Year Old First Time Buyers Increase

There were 12,000 over 50 year old first time buyers in the UK in 2022, the latest figures available. This means that the number of first time homeowners over the age of 50 has increased by 30 per cent over the past five years, making it one of the fastest growing segments of the first time buyer market – and it comes at a time that home ownership in the… Continue Reading Over 50 Year Old First Time Buyers Increase

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Stamp Duty Surcharge CHG

Stamp Duty Surcharge More Worrying Than Section 21

A third of landlords say that the scrapping of Section 21 is more of a concern to them than Stamp Duty Surcharge or loss of Tax Relief, a specialist buy-to-let broker. The poll found that 33 per cent of landlords were worried by the reform of Section 21 as part of the Renters Reform Bill. Under government plans, landlords are set to lose the right to evict tenants at short… Continue Reading Stamp Duty Surcharge More Worrying Than Section 21

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Importance Of Letting Agents CHG

Beleaguered ministers under fire over renting reform changes

Campaigners say it is ‘outrageous’ that 111 pages of changes to the Renters (Reform) Bill are tabled now. Ministers are again under attack for the way looming reforms to renting are being handled. Campaigners have hit out after 111 pages of changes to the Renters (Reform) Bill were added as MPs are looking at the bill in detail. Earlier this week, housing minister Rachel Maclean, who was in charge of… Continue Reading Beleaguered ministers under fire over renting reform changes

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Rental Property Energy Efficiency

EPC Change On The Way? New energy ratings planned by government

The government has launched a public consultation on a radical new UK home energy rating system to replace the long-standing Standard Assessment Procedure or SAP rating. SAP is the government’s current system for assessing and comparing the energy performance of homes.  It is used in building regulations, to ensure new homes are energy efficient and low carbon and is used to generate Energy Performance Certificates, which have become increasingly controversial… Continue Reading EPC Change On The Way? New energy ratings planned by government

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Update: New legislation coming in this weekend – Originally posted by NRLA

October 1st is a very common day for new legislation to come into force in the UK, and this year is no exception. Both right to rent and smoke and carbon monoxide alarm requirements change on Saturday and landlords will have to ensure they are compliant from this date. Smoke and CO alarms As of 1 October PRS properties must have a working carbon monoxide alarm in almost every room… Continue Reading Update: New legislation coming in this weekend – Originally posted by NRLA

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Cost Of Living Plan Central Housing Group

Landlords Publish Cost Of Living Plan For Private Rented Sector – Originally posted by NRLA

Landlords are calling on the Chancellor to adopt a cost of living plan for the private rented sector as tenants and landlords face ever growing costs. In a letter to Kwasi Kwarteng, the National Residential Landlords Association (NRLA) warns that whilst private rents are increasing by less than inflation, rising energy, food and other bills will make it more difficult for many tenants to meet their rent payments. The NRLA… Continue Reading Landlords Publish Cost Of Living Plan For Private Rented Sector – Originally posted by NRLA

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Renter’s Reform Package CHG

Landlords feel let down by Government – post originally from NRLA

Almost 90 per cent of landlords feel the Government’s White Paper on rental reform demonstrates an anti-landlord agenda, according to new research by the NRLA.  The NRLA surveyed 3,500 landlords immediately after publication of the document ‘A Fairer Private Rented Sector’, and while the full data set is still being analysed, early indications are that landlords have serious concerns about where proposed changes will lead. When questioned, 87 per cent said… Continue Reading Landlords feel let down by Government – post originally from NRLA

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Smoke And Carbon Monoxide Alarm Regulations

Prepare For Smoke And Carbon Monoxide Alarm Regulations

Landlords are being urged to prepare for changes to Smoke and Carbon Monoxide Alarm Regulations that introduce an obligation to repair or replace any alarm which is found to be faulty during a tenancy. Forthcoming changes to the Smoke and Carbon Monoxide Alarm Regulations are expected as soon as Autumn 2022 when carbon monoxide alarms will be mandatory in rooms with a fixed combustion appliance in private rented homes and… Continue Reading Prepare For Smoke And Carbon Monoxide Alarm Regulations

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PRS Homes Central Housing Group

PRS Homes Supply Crisis

With a new report showing almost 230,000 new PRS homes a year will be needed in the coming years NRLA chief executive Ben Beadle calls for Government action to help landlords continue to supply homes for those that need them. Demand has been outstripping supply in the PRS for some time now, with rents rising as competition for homes intensifies. Now a new report by the economics consultancy, Capital Economics, commissioned by… Continue Reading PRS Homes Supply Crisis

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230000 New Private Rented Homes

UK Needs 230000 New Private Rented Homes a Year

The UK needs almost 230000 new private rented homes a year to meet government housing targets across the UK, according to a new report by the economics consultancy, Capital Economics. The report, commissioned by the National Residential Landlords Association, observes that Government targets would amount to the need for 340,000 new homes a year across the UK by the middle of the decade. Capital Economics finds that if owner occupation… Continue Reading UK Needs 230000 New Private Rented Homes a Year

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UC Renters Central Housing Group

UC Renters Facing Hardship

Around 10 per cent of PRS landlords with UC renters have faced at least one experiencing hardship because of the benefit cuts according to a survey carried out by an industry trade body. The government cut the extra £20 a week payments for UC recipients in October last year after the pandemic related temporary increase was ended. ‘Hot on the heels’ of the government’s announcement the industry trade body undertook… Continue Reading UC Renters Facing Hardship

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Tenants Rental Central Housing Group

Possible Drastic New Timescale Of Benefits Payments For UC Tenant Rental Arrears

It is widely anticipated that at long last the DWP is going to drastically reduce the wait for repayments of Universal Credit tenants rental arrears, which will be a huge relief to both landlords and affected tenants. The Department for Works and Pensions has just held discussions with several stakeholders including a firm running an accreditation scheme for agents, and unveiled their plans to change the timescale of repayments for… Continue Reading Possible Drastic New Timescale Of Benefits Payments For UC Tenant Rental Arrears

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Rental Income Losses Central Housing Group

Quarter Of Landlords Hit By Covid Rental Income Losses

Almost one in four private landlords faced rental income losses as a result of the Covid-19 pandemic. With those landlords affected almost twice as likely to sell property as those who were not, the National Residential Landlords Association is warning that the pandemic has exacerbated a supply crisis now facing tenants. A new poll by YouGov for the NRLA has found that, between March 2020 and September 2021, 23 per… Continue Reading Quarter Of Landlords Hit By Covid Rental Income Losses

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Demand By Politicians For Rent Controls

Agents Hit Back At Demand By Politicians For Rent Controls

Propertymark has hit back at the latest demand by politicians for rent controls. The London mayor Sadiq Khan renewed his call for rent controls last week, when unveiling a new qualification for Trading Standards officers investigating so-called landlords and rogue agents. And the Labour mayor of Bristol, Marvin Rees, has made a similar demand for his city, while Welsh nationalist party Plaid Cymru – which has an alliance with Labour… Continue Reading Agents Hit Back At Demand By Politicians For Rent Controls

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Property Listings Central Housing Group

New Info On Property Listings Coming Soon

Trading Standards and the government have jointly announced compulsory new data which must appear on property listings. A property’s council tax band or rate (for lettings and sales) and the property price and tenure information (for sales) must be included on all property listings by the end of May. Data fields for these particulars will start to appear on portals over the coming weeks. These changes represent the first phase of a project by the National Trading Standards Estate and Letting Agency Team… Continue Reading New Info On Property Listings Coming Soon

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Digital Tax System Central Housing Group

Digital Tax System Proves Unpopular

Fears have been raised that landlords’ needs won’t be properly served by the new digital tax system for self-employed people due in 2024 after it was revealed that only nine people are taking part in the pilot. HMRC admitted a sharp decline in the uptake of volunteers to test the new software since the trial began three years ago when 900 people signed up to take part, leading to concerns… Continue Reading Digital Tax System Proves Unpopular

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Landlord Tax Changes Central Housing Group

How Damaging Landlord Tax Changes Have Become

Losing mortgage interest tax relief – landlord tax changes – has prompted one in three landlords to think about selling up and one in four have raised rents. New research from The Landlord Works for Nationwide reveals that 37% of landlords have considered selling rental properties as a result of the tax changes. If found 77% feel the changes unfairly punish them, with the same percentage saying there should be more… Continue Reading How Damaging Landlord Tax Changes Have Become

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Wireless Evacuation Alarm Technology Central Housing Group

Wireless Evacuation Alarm Technology Reducing Burden

Prime Secure’s Fire Safety division, the Waking Watch Initiative, has launched the UK’s first affordable, wireless evacuation alarm technology system,   V-Fire*, which removes the need for expensive waking watch fire marshals in high-rise buildings with flammable cladding. In the wake of the Grenfell disaster, thousands of leaseholders across the UK have shouldered the financial burden of either a wired alarm solution, or a waking watch fire marshal, which could… Continue Reading Wireless Evacuation Alarm Technology Reducing Burden

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Red Hot Housing Market Central Housing Group

Will the Red Hot Housing Market Cool?

Will the Red Hot Housing Market Cool? The threat of conflict breaking out on the doorstep is hanging over European indices, as hopes begin to fade that there will be fresh meaningful moves from diplomats. The tech sector jitters are continuing, unsurprising given the seemingly unstoppable slide of the Nasdaq composite and the march downwards of the S&P 500 on Friday. Amid expectations that inflation appears more entrenched, which could… Continue Reading Will the Red Hot Housing Market Cool?

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