I am writing this the day following the shock announcement that interests rates are rising again, the 13th rise in a row, to 5%.
I am writing this the day following the shock announcement that interests rates are rising again, the 13th rise in a row, to 5%.
As we know, the government is under pressure from tenant support groups. Following a “disappointing result” in the recent local elections, we have seen the government cancel the proposed changes to Leasehold legislation and hold back on the publication of the Renters Reform Bill. The truth is, that these have the potential to decide the […]
And some of our worst fears have been realised. Michael Gove, when he announced that the Renters Reform Bill would be published this week said; “We are introducing new legislation and it will change the way in which the relationship between landlords and tenants work, providing tenants with new protection which should ensure that they […]
There a few things that I have learned recently which I want to share with you. I am sharing with the permission of the people who revealed this information, one of whom I will name and credit and the others prefer that I don’t. The first is for those who own older properties:
Unfortunately, there are at the moment a lot more landlords beginning or planning to sell up than is usual. There are several reasons for this but mainly it’s the loss of the tax allowance for mortgage costs, the increase in interest rates, and the concern that we will need to spend a lot of money […]
Amid some very worrying changes for landlords, there have been three announcements which will help us.
I want to begin by asking you to please respond to this government consultation because it addresses a huge issue for many HMO landlords. Please do it now because it closes on 31st March 2023.
Most of us look forward to Spring but I think that it’s fair to say that this year we are looking forward to it more than ever because it will bring the hope of lower living costs and, for landlords who let “all-inclusive”, a welcome relief from the stress of trying to keep up with […]
I take part in many online discussions with other landlords and with tenants. This helps to keep me up to date with what’s happening in the private rented sector all over Great Britain. Often there are issues which are specific to one country and at other times issues which affect us all. I’m going to […]
As 2022 comes to an end it’s no wonder that landlords are concerned and confused when, on our little island, we have three different legislative regimes to contend with.
There has been a mood change among landlords in recent weeks, where once we were fundamentally an optimistic group many are now becoming very pessimistic, and the media aren’t helping.
Price caps on energy have been announced, there is a whole new wave of concern about the cost of living increases. Students are facing increasing costs of loans.
A gloom has descended over the landlord community, it began when we were treated like no other business and had the interest on business loans/mortgages (which amount to the same thing in our business) excluded from tax exemption – known as Section 24 because it is Section 24 of the Finance Act 2017.
This White Paper starts the process for new legislation leading to consultation and the publication of a Bill that will go through the Houses of Commons and Lords before receiving Royal Assent. In other words, it will be some time before we see any changes and there is still time to make our MPs aware […]