Tax Changes on the Way for Holiday Let Landlords
Councillors in Britain’s beauty spots are accusing greedy landlords of cheating on council tax by claiming their second homes are short-term holiday lets. The government has picked up on protests from North Wales, Cornwall, the Lakes and other popular holiday...
Possession Rules After Suspension Published
Updates: The date of 23 August 2020 referred to below has been extended to 20 September 2020. Please see this article for details. 16 September 2020: the government have published a non statutory reactivation notice which is now linked below. As...
Guild of Landlords Rent Digest – September 2021
A stagnant rental market in London is holding back a rise in rents across the rest of the country, according to the latest official data. Read on for the Guild rent digest September 2021. Landlords in the capital have had a torrid time as furloughed workers and those...
New Landlord Financial Squeeze On The Way
Time for a look at the latest measures coming out of Westminster that will impact landlords finances and holiday lettings. The cost of evicting tenants has become more costly as the Ministry of Justice admits current fees only cover less than half the cost of running...
Autumn Budget 2021: CGT Deadline Relaxed
No news is good news for landlords as Chancellor Rishi Sunak's Autumn Budget 2021 passed without a simper for landlords. The only property tax change was extending the deadline for reporting and paying capital gains tax (CGT). The time limit was lengthened from 30 to...
Booming House Prices Set Another Record
Every home in the country has hit a record house price high in the same month for the first time since March 2007, says property portal Rightmove. In a hangover from the stamp duty holiday bonanza that boosted home prices to record levels, buyers are still flooding...
Heat Pumps – a Hot Topic for Landlords Explained
The latest hot topic for landlords is a move to keep homes warm with heat pumps instead of traditional gas, oil or solid fuel boilers and stoves. Business and Energy Secretary Kwasi Kwarteng has confirmed a scheme to offer cash for boilers from next April in a bid to...
Buy to Let Mortgages Hit Lowest Ever Rates
Buy to let mortgages for landlords have sunk to the lowest ever interest rate as lenders try to lure borrowers to their brands. Deal tracker Moneyfacts has counted 2.968 available loan packages for landlords – more than 70 more than when the COVID-19 pandemic started...
Rogue Agent Refuses to Pay £150,000 Rent to Landlord
Refusing to pay a landlord guaranteed rents of £150,000 has seen a mystery letting agent kicked out of a government-approved scheme that polices fair play between property professionals. The landlord complained about a rent-to-rent deal with the agents to the Property...
What To Do If A Property Is Down Valued
Don't pop the champagne and celebrate too soon if you've shaken on the price of a home – a mortgage lender may disagree and it may be down valued. The problem comes when the bank or building society sends out a surveyor who down values or undervalues the property –...
London Rents Rise Slower Than Rest Of UK
While house prices have seen a stamp duty holiday bonanza, rents have hardly moved during the past year. Data from the ONS shows rents are rising – but have stubbornly stuck at the same level since the start of the year. How rents have moved in the past year ONS data...
Labour Sees Red Over Taxing Greedy Landlords
It's party conference time again with Labour seeing red over rich and greedy landlords making money at everyone else's expense. At least, that's how the rhetoric goes. As a warm-up for the main conference, Shadow Chancellor Rachel Reeves and Shadow Housing Secretary...
Guild of Landlords House Price Digest – September 2021
As the curtain comes down on the stamp duty holiday, asking prices for homes have reached an all-time high. Strong demand from buyers tempered by a shortage of homes for sale is keeping the market buoyant, according to property portal Rightmove. Although prices only...
£35,000 Bill For Evicting A Rogue Tenant
Evicting a rogue tenant takes at least nine months and costs the average landlord more than £30,000, according to research from a leading letting agent. London letting agents Benham & Reeves claim bad tenants are difficult to evict and leave a trail of damage...
Right to Rent Guidance Updated September 2021
The right to rent guidance "The right to rent checks: A user guide" which is suitable for landlords and tenants in England has once again been updated. There are a lot of changes to this document from the last document that was released in July 2021. The document is...
What the Healthcare Tax Hike Means for Landlords
Most landlords have escaped the national insurance healthcare and social levy hike – but corporate landlords could face a higher tax bill. Landlords do not pay national insurance contributions (NICS) on rents as letting property is considered an investment rather than...
Notice Lengths Return To Pre-Covid Rules (England)
Housing Secretary Robert Jenrick has relaxed eviction rules for landlords in England. From October 1, 2021, the notice lengths switches back to two months. Currently, landlords must give four months notice to tenants. However, the secretary is covering his back by...
Guild of Landlords Rent Digest – August 2021
Rents are stagnating for buy to let landlords, according to the latest official data. Rent Digest – August 2021. Although rents have risen at 1.2 per cent a month since April, the trend is a slow decline, says the Office for National Statistics (ONS). For July, the...
Guild of Landlords House Price Digest – August 2021
Average house prices shot up by 13.2 per cent in the year to the end of June – the fastest growth homeowners have seen since November 2004. House price digest for August 2021. According to official house price data from the Office of National Statistics, the price of...
Best and Worst Cities for Buy to Let
Some cities offer an excellent investment return for landlords – but house prices are so high in some that making a profit is almost impossible. To help property investors pick the best cities for buy to let investment, estate agent Cpoulters Property has analysed...
Coronavirus Guidance
Landlords Building Insurance
Guild subscribers can get preferential rates for landlords buildings insurance especially designed for landlords
