The government has updated the procedure for a landlord to request a direct deduction from a tenant’s benefits to pay for rent arrears and for it to be paid directly to the landlord. It can be seen here. Landlords can also request direct rent payments if these have...
Tax & Other Financial
How to Raise Emergency Funds as a Landlord
Finance Monthly has published an article under the sub head 'As a landlord, unexpected emergencies can arise at any time.' It can be seen here, and covers the main headings: Building an Emergency Fund Boiler Upgrades Refinancing Your Mortgage Cutting Non-Essential...
Is the buy-to-let sector doomed?
Writing in the Negotiator magazine, Adam Walker says, contrary to current headlines, the expected exodus of landlords may not necessarily be the outcome of the economic and regulatory strictures. The article can be seen here, stating 'Our government seems to be intent...
Hamptons says landlords are selling at ‘£10,500 less than if they had sold in 2022’
Landlords selling up will typically make around £10,500 less than they would have done had they sold in 2022, analysis suggests. So far this year, the average landlord in England and Wales has sold their buy-to-let for £94,800 more than they initially paid for the...
DWP starts new Universal Credit work crackdown
Parents with young children face tough new rules to get them back to work The Department for Work and Pensions has confirmed a tough new work crackdown on Universal Credit has begun. The new employment push is targeting 700,000 parents to look for a job or increase...
The case for incorporating
Under the heading 'Landlords get professional' Mortgage Strategy has published an article extolling the virtues of acquiring properties through limited companies. The article can be seen here. NB: iHowz don't provide taxation or financial advice, and merely reprint...
Precise owner OSB profits fall as mortgage borrowers lock in new fixed rates faster
OSB Group reported profit tumbled in the first-half of 2023, after taking a hit from customers acting more quickly than expected to refinance their mortgages at favourable rates. OSB, which stands for OneSavings Bank, said pretax profit in first-half of 2023 slumped...
Support for Mortgage Interest loans
The House of Commons Library has published a report on 'Support for Mortgage Interest loans' The full report can be seen here, and in summary says: Support for Mortgage Interest (SMI) is a government loan scheme helping with the interest costs of mortgages and certain...
London Councils call for more cash
London Councils - an umbrella group of local authorities in the capital - says the government should build on initiatives such as the Local Authority Housing Fund by providing increased capital investment for housing acquisitions, particularly homes being sold by...
More landlords sell by auction
Property information service Moverly has analysed the annual revenue of the property auction house sector since 2013 to understand how the market has grown and the data shows that in 2022, the UK property auction house sector generated total revenue of £409.3m.This is...
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Research shows rents up
The rental sector is facing significant challenges as average rent arrears claims have reached a record high,...
UK rents reach record high
The latest data from the Office for National Statistics (ONS) reveals significant increases in renting costs across...
Court and tribunal fees to rise
On April 1, 2024, the Ministry of Justice confirmed the increase in court and tribunal fees following a consultation...