From April 2017, landlords will see their mortgage interest tax relief gradually whittled down to nothing. Landlords will also have to pay a higher rate of stamp duty when they sell a rental property, and any gains they do make will be subject to a higher rate of Capital Gains Tax.
A landlord in Salford, Greater Manchester, has been caught out by a vigilant off-duty housing officer. The landlord had illegally constructed two wooden huts adjacent to a semi-detached property. Each was no more than 10 square meters, yet two families with young children were being charged £80 a week to live there. The properties were […]
The Radio 1 Newsbeat program has gathered figures through Freedom of Information requests and discovered that half of all councils have not used new powers given to them to make revenge evictions illegal.
Theresa May is widely expected to shift the focus away from affordable home ownership to affordable renting in the latest Housing White Paper, which is due to be published this week.
The Association of Independent Inventory Clerks (AIIC) is reminding landlords to be vigilant when dealing with contractors. It says there are many contractors who take advantage of inexperienced landlords, either by overcharging them for work, or not completing the work to a good standard.
Tenants groups are in an uproar after a shady clause in Santander buy to let mortgages has come to light. The lender, who first entered the rental market in 2011, has a clause buried deep in its mortgage contracts that states landlords must raise their rents as high “as can be reasonably achieved”.
Rental returns in London have shot up in recent years. In central London, it’s now £700 per week to rent a one-bed flat, which is well beyond what most young people can afford. Further out, it is cheaper, but even £320 per week in Golders Green is unaffordable for young couple in minimum wage jobs. […]
Experienced landlords are looking into alternative means of making money, and with the government seemingly determined to dampen down enthusiasm for the buy to let sector, investors are turning away from residential property.
Lenders have cracked down on buy to let finance and with new affordability rules coming into play it’s now more difficult to find a lender who says “yes” when you apply for a mortgage. Some landlords have enough capital to be able to purchase properties for cash, but for everyone else, a mortgage is the […]
Landlords are calling upon the Welsh government to amend or scrap the second property stamp duty tax payable by landlords when they purchase an investment property to let out. They say the punitive tax is stalling recovery of the Welsh buy to let market, as landlords think twice about investing in private rental homes.
After a very mild winter so far, the temperatures have finally plummeted and the nation is now in the grip of an icy glove. Many parts of the UK have been blanketed in snow, with some areas hit by several inches.
The Bank of India is planning to expand into the UK buy to let market by targeting landlords who hold their portfolios in limited companies. The bank says they can help out landlords by assessing each application on an individual basis, unlike other mortgage lenders who adopt a cookie cutter approach.
A recent survey of more than 2,500 landlords has revealed that 61% of landlords are now aged 55 and above, compared to 12 years ago when only 24% of landlords were in the 55 and over bracket.
The future is not looking very bright for landlords. Recent government tax changes have caused a great deal of upset in the buy to let community, with many landlords feeling as if they are being penalised.
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