Landlord Today

1 week ago | landlordtoday.co.uk | Graham Norwood

Taxing landlords in the forthcoming spending review would make the housing crisis worse according to a prominent property firm. There’s been speculation that Capital Gains Tax and possibly other taxes, targeting landlords, could be at the centre of new revenue-raising proposals in the upcoming spending review in June, and in the autumn Budget.

1 week ago | landlordtoday.co.uk | Graham Norwood

A third of landlords are running the risk of a fine if £30,000, it’s claimed. New research shows one in five landlords are unaware that not having a valid Electrical Installation Condition Report (EICR) could result in a fine, while one in 12 admit they either do not currently have a valid EICR in place or are not sure if their report is validAnd only  one in 10 landlords across the UK can identify all the documents required should they need to evict a tenant.

1 week ago | landlordtoday.co.uk | Graham Norwood

The next part of the Renters Rights Bill’s progress in the House of Lords is expected next week, shortly after peers return from their Whitsun recess on June 2. Lords spent some 30 hours of debate on the Bill between April 22 and May 15 on the Committee Stage of the Bill’s passage. Over 300 proposed changes were discussed, with only a small number being agreed to. The Bill now proceeds to the Report Stage where the Lords will review and debate those amendments made at Committee Stage.

1 week ago | landlordtoday.co.uk | Graham Norwood

Private rented sector tenants and landlords are being encouraged to use a council’s new Call Us First service if there’s a crisis. Wolverhampton council’s Call Us First service is essentially website-based and offers landlord/agent/tenant pages providing advice and information; signposting to key services, partners and stakeholders; updates, and information on legislation changes and news about the private rented sector.

1 week ago | landlordtoday.co.uk | Graham Norwood

More than half of tenants say they are likely to challenge rent increases under the incoming Renters’ Rights Bill, according to new research by lettings agency group LRG. LRG’s study finds that 53% of tenants would “likely” contest a rent rise, with 28% describing themselves as “very likely” to do so. The findings come as the Renters’ Rights Bill progresses through Parliament, introducing reforms allowing tenants to appeal above-market rent increases through a new tribunal process.