Could June see a surge in renters moving home? Tenancies extended due to lockdown rental freeze and evictions ban are both due to end Landlords have been granting monthly extensions to tenants during lockdown However, many of these tenants could move now the ban on moving has lifted Experts also warn of a surge in … Read more
Letting agents have claimed that recent legislation banning them from charging renters upfront fees has resulted in a swathe of landlords hiking rents. In a report issued this week letting agent trade body ARLA Propertymark said the number of agents reporting they had seen rents rise hit the highest figure on record in June, up … Read more
Renters renewing tenancies handed rebates thanks to government ban on high deposits… with one totalling £3,385 Cap on tenancy deposits sees an average £320 returned to overpaying renters This follows government legislation which in June banned rip off tenancy fees Deposits are now capped to five weeks’ rent or six weeks’ for rent over £50,000 By … Read more
Rents see biggest drop on record as seven in 10 tenants opt to renew rather than move while the coronavirus lockdown continues Rents on tenancy renewals fell by 0.5 per cent year-on-year across the country This comes as seven in 10 opt to renew their tenancies rather than move home London rents dropped the most, … Read more
Housing was a huge policy debate during the election and the private rented sector was no exception. Both major parties put forward proposals to shake up the sector and though landlords may be breathing a collective sigh of relief that they’ve been spared the prospect of Labour rent controls, many will still be braced for … Read more
The capital gains tax rule change that could cost accidental landlords thousands when they sell up Private residence relief to be cut from 18 months to nine months from next year The changes could affect over half a million landlords when they come to sell Government is also scaling back lettings relief By Will Kirkman … Read more
Three quarters of landlords warn their tenants will fail to pay rent as coronavirus lockdown continues Seven in 10 landlords have been contacted by tenants worried about paying rent Five million privately rented households in the UK are affected by the crisis Unions call on the Government to ban future evictions based on rent arrears … Read more
Mortgage lenders axe almost HALF of buy-to-let mortgage options amid ongoing coronavirus lockdown Mortgage lenders have slashed buy-to-let deals in the wake of the coronavirus More than 1,300 buy-to-let mortgage deals have been axed since March This accounts for nearly half of all available deals, with 1,593 now left Learn more about how to help … Read more
Landlords suffered a triple-whammy hit this week as three popular tax reliefs were axed or scaled back as the new tax year began. Mortgage interest tax relief, capital gains tax exemptions for ‘accidental’ landlords – those who held onto homes they once lived in – and letting relief were all cut. The raid came as … Read more
The coronavirus lockdown has caused severe financial strain for millions of people across Britain, prompting unprecedented financial aid packages from the Government for businesses and individuals alike. While mortgage payment holidays of up to three months are being offered to both homeowners and landlords, who may struggle to keep up with repayments during the lockdown, … Read more