Buy-to-let was one of Britain’s best-loved investments before crippling tax blows caused many landlords to lose interest. But now buy-to-let has been thrown a lifeline. Slashed stamp duty, better mortgage deals and new tax benefits all mean landlords are flocking back to the market. However, with unemployment predicted to soar to four million by the … Read more
Will the stamp duty cut be BAD for first-time buyers? Critics warn tax giveaway could revive buy-to-let investors and boost house prices Chancellor’s plans will see 90 per cent of homes pay no stamp duty until March However this includes second-home buyers including property investors Labour have blasted the move as an ‘unnecessary subsidy’ for … Read more
Will the stamp duty cut be BAD for first-time buyers? Critics warn tax giveaway could revive buy-to-let investors and boost house prices Chancellor’s plans will see 90 per cent of homes pay no stamp duty until March However this includes second-home buyers including property investors Labour have blasted the move as an ‘unnecessary subsidy’ for … Read more
I’m a pensioner with a modest income. I have some savings that I would like to invest in a buy-to-let to help boost my retirement income. I’ve heard that it may be beneficial if I set up a company and use that to purchase the property investment. Would this be a wise thing to do? … Read more
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
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
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
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
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