Posts Tagged ‘Landlords’
Fairer deal for renters
Haringay Council is now set to offer a new non profit making letting agency service which is aiming to give tenants a “fairer deal” whilst offering landlords reliability and affordability. Move 51 North, the not for profits letting agency was set up by the council housing management company Homes for Haringey, it is pitched as…
Read MoreLANDLORDS EXEMPTED FROM CAPITAL GAINS CUTS.
Responding to the Chancellor’s Budget announcement to exempt residential property sales from cuts to the rate of capital gains tax (CGT), Richard Lambert, Chief Executive Officer, National landlords Association (NLA), said: “The Chancellor said that this government would tax the things it wants to reduce not the things it wants to encourage. “On that basis,…
Read MoreLandlords and tomorrow’s budget
Buy-to-let lender Paragon has reportedly put it to the Chancellor George Osborne not to make further changes to tax on landlords ahead of the budget that will be announced tomorrow. Landlords in the UK feel increasingly under attack especially over the last 12 months, with legislation such as the EU Mortgage Credit Directive and increase…
Read MoreSubstantial increase in remortgage lending
The Council of Mortgage Lenders (CML) data shows on an unadjusted basis, lending in January. Home-owners borrowed £8.4bn for house purchase, down 25% month-on-month but up 12% year-on-year. They took out 46,200 loans, down 27% on December but up 5% on January 2015. First-time buyers borrowed £3.3bn in January, down 27% on December but up 14% on January…
Read MoreAnother landlord fined for breaching the rules.
A recent article appearing in the Barking and Dagenham post reports on a Barking landlord who breaches the rules appertaining to her letting licence, do we now have an epidemic in the lettings industry where crimes are being comitted day on day by those not just satisfied with their financial returns but through sheer greed…
Read MoreHealthier returns for Landlords
According to the latest Buy-to-Let Index from Your Move and Reeds Rains, taking into account both rental income and capital growth, the average landlord in England and Wales has seen total returns of 12.0% over the twelve months to January, this figure is up from 11.25% in the twelve months to December. Reed Rains and…
Read MoreLandlords: How to get more from your property.
For a lot of landlords renting out a property can be a big investment. You will want to get your property out there and make as much profit as possible. So if you find yourself asking “How do can I increase my income from my rented property?” – take a look at our tips below.…
Read MoreLandlords need to be aware of changes.
No more so than now do Landlords need to be aware of impending changes to their industry, for the past year there has been major changes in the way they should operate and how their profitability should be calculated, most recently are the changes to their mortgage tax relief. The most vunerable of landlords are…
Read MoreMandatory licensing for landlords
One in five households in Northern Ireland now rent privately for the first time in a generation, at present all private landlords who let property under a private tenancy in Northern Ireland have to register, but there is no binding professional standard or training required to practice as a property manager. In response to the…
Read MoreLandlords confidence in BTL sector at a low.
Speaking at the Building Societies Association’s (BSA) annual meet-up for mortgage professionals on tuesday 2nd February, Richard Lambert, Chief Executive Officer of the National Landlords Association (NLA) reportedly told delegates that Landlords’ confidence in the buy to let (BTL) sector has collapsed to an all-time low and is now ‘worse than levels witnessed during the…
Read MoreRight to Rent – Landlord’s code of practice
Guidance for landlords, homeowners and letting agents affected by the introduction of right to rent immigration checks as updated 1st February 2016. Code of practice on illegal immigrants and private rented accommodation. This is the second version of this code, and it will apply with effect from 1 February 2016. The earlier version of this…
Read MoreAnother new rule for Landlords in Wales
New rules coming into effect in Wales from the end of February will mean landlords will require planning permission to convert a house from use as a single household to a shared rental property of 3 to 6 unrelated people, commonly known as Homes for Multiple Occupancy (HMO) Landlords will need to pay a fee…
Read MoreCash boost to help tackle rogue landlords
In a press release from the Department of Communities and Local Government and Brandon Lewis from last friday, it was announced a cash boost for councils to tackle rogue landlords. Councils across the country are to receive a £5 million cash boost to tackle rogue landlords in their area, forty-eight councils will share the funding…
Read MoreContinued crackdown on “Rogue Landlords”
Bradford Council has been granted £45,000 by the Department of Communities of Local Government (DCLG) according to a report in the Telegraph and Argus, to continue with its campaign to crackdown on Rogue Landlords offering below standard accommodation (slums), mainly flats above shops and businesses such as takeaways, In a previous report in the Telegraph…
Read MoreTougher times for landlords needing mortgages
Buy-to-let landlords will not find it so easy getting a mortgage for their investment in 2016, in the coming months the Treasury is expected to hand over greater powers to the Bank of England when it comes to regulating the buy-to-let mortgage sector. The buy-to let sector has been increasing year on year in recent…
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