From yesterday, homeowners with a spare room can now earn up to £7,500 tax-free by letting it out to tenants. The threshold was increased last July and since then, figures released by SpareRoom.co.uk have revealed that the number of people letting out a room in their home (a whopping 233,697) has risen by 5.2%.
As of April 1st, tenants now have the right to ask their landlord to make their property more energy efficient. Landlords will not be able to refuse, but tenants must find a way of funding the cost of the energy efficiency improvement at no extra cost to the landlord.
The Association of Residential Letting Agents (ARLA) is predicting that the supply of rental housing will fall once the April tax-hike takes effect. They also believe that many landlords will raise rents to counteract their increased costs.
Do you own a rental property close to a desirable school? If so, you might be able to charge a premium to parents looking to ensure their child secures a place at a top school.
Large swathes of the country were decimated by flooding over the Christmas period and many homes were devastated. As a result of the damage, the Department for Flood and Rural Affairs has been consulting on how they should best tackle the issue.
There has been much talk in the media of late about the effect George Osborne’s tax cuts and changes to stamp duty are going to have on the private rental sector. Some fear that a widespread withdrawal as landlords seek to cash in their portfolios in a bid to beat the tax hikes is almost […]
Money.co.uk is predicting a very grim future for tenants in the UK. They say that the average deposit for a rental home will rise to £1,111 within ten years. In London, deposits could reach more than £2,700. The site also predicts that landlords will soon be asking for six weeks’ rent as a deposit while […]
The Daily Mail has accused landlords of exploiting legal loopholes to rake in millions in housing benefit payments from tenants, whilst allowing them to live in sub-standard accommodation.
New research carried out by the Association of Independent Inventory Clerks (AIIC) has revealed that the average tenancy is now four years, which is a jump up from the previous average of 3.5 years.
A Bath council crackdown of HMOs and student accommodation has revealed a catalogue of horrors. As housing officers suspected, some tenants were living in squalid and overcrowded conditions.
Apparently Welsh landlords are doing a fantastic job. According to research carried out by the National Landlords Association (NLA), 92% of tenants in Wales were more than happy with the service provided by their landlord. Tenants in the East Midlands were in second place, with 83% of them satisfied with their service.
The Government’s new ‘Starter Homes’ scheme is intended to help young first time buyers get a foothold on the property ladder. 200,000 new homes will be built by 2020, which will be offered at a 40% discount to first time buyers under the age of 40.
Research carried out by Direct Line insurance has revealed that one in six tenants admits to letting some or all of their property to someone else unknown to the landlord. So do you really know who is living in your property?
Research carried out by the National Landlords Association (NLA) has revealed that 40% of landlords are considering incorporating their buy to let businesses in the coming months, in order to minimise exposure to recent government tax changes.
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