A good example of the pressures on landlords has been the relatively recent 2015 case of Edwards v Kumarasamy. This seemed to reverse all normal landlord understandings of their legal repairing obligations where the property they were letting was a flat in a block management situation, where a management company charges a fee, you as… Continue reading Common sense prevails – a wrong righted
Just released is a video highlights package from the Tenant Tax Summit in London, back in June. As a landlord I attended, partly gauge the support from the landlord community for the whole issue, and partly so that I could inform you, landlords who may be unaware of the massive impacts of the new “Section… Continue reading Completely Crackpot”: a view from Lord Flight about new taxes on landlords
Went to a seminar this week on sourcing homes for investors to buy who are keen to jump in before the Stamp Duty changes come into effect at the end of the first quarter. There was a good deal of positive sentiment amongst the audience for Bitex Home, and the owner, Hemi Tanna, did a… Continue reading Positivity – an essential landlord trait
An impassioned and powerful letter and post on the Property 118 website, from Rachel Hodge, a landlord with a typical small portfolio of two properties, who spells out in terrific detail the impacts of clause 24 not only on her … but of course on her two families of tenants too. http://www.property118.com/clause-24-open-letter-grant-schapps/83823/ I recommend following… Continue reading Landlords and Tenants Unite!
From today, 1st February 2016, the new rules relating to operating a Right to Rent Check come into force, and the government, in its wisdom, is making failure to adhere to the regime an offence punishable by a stiff fine (there is talk of it being criminalised). Whether landlords think this is reasonable, to have… Continue reading Right to Rent – Important Landlord advice
A highly unusual point of view expressed about the lettings game from a letting agent in London: Marc von Grundherr, lettings director of Benham & Reeves Residential Lettings, said: “George Osborne has done more for the rental market than any other Chancellor in history”. His reasoning is that with the average purchase price of a… Continue reading How Renting in Leicester differs from London – a different world
How buy-to-let will lose money
Honestly, some very odd comments on the ways the tax changes will impact on landlords: here’s a prize from the Office for Budget Responsibility, the body that monitors Treasury activities and ensures feasibility of tax policy in economic terms: “It is expected that 1 in 5 individual landlords will receive less relief as a result… Continue reading Question: how does increasing tax on landlords help tenants? (Answer: it doesn’t)
Well, not that lot, but the status quo as far as buy-to-let is concerned. I’ve let the dust settle for a week or so before commenting upon the latest round of the Chancellor’s assault on buy-to-let investors (as that is what it’s becoming), mostly because there’s been an awful lot of other commentary around and… Continue reading The Status Quo is gone…..
It obviously depends what side of the debate you sit on, as no rise is welcome to a tenant. On the other hand, the latest figures from the Office for National Statistics suggest the pressure is nothing like as great as the hype would have us all believe (Index of Private Housing Rental Prices, July… Continue reading Rent Rises for Leicestershire…but not a whole lot to write home about