Our friend Hassan from Medway has published an interesting article on the possibility of rent controls being introduced. It can be seen here, and examines past attempts to introduce them, saying 'they have proved to have disastrous unintended consequences.' Also...
Tax & Other Financial
Landlord Successfully Challenges Council Fine
A recent case in North London has demonstrated that landlords maintaining well-managed, good-quality rented properties and possessing a reputable character should challenge unfair council fines for failing to license their properties. In a virtual Tribunal hearing,...
Fresh blow for Home REIT
This is Money is reporting that 'Beleaguered homeless landlord Home REIT has suffered another blow as two more of its tenants collapsed into liquidation.' More details can be seen here.
Rent arrears surge
LocalGov are reporting that 'Four in five council landlords have reported growing rent arrears over the past year, according to the findings of a new survey. A report by ARCH (Association of Retained Council Housing) and NFA (National Federation of arms-length...
Coalition send letter calling for Ministers to provide energy efficiency support
A letter, signed by Coventry Building Society, Citizens Advice, and Nationwide Building Society has been sent to the Chancellor of the Exchequer to encourage new fiscal support to improve energy efficiency standards in the private rented sector. The letter can be seen...
Should landlord taxes be used to help tenants?
This week, Jeremy Hunt told banks and energy firms to use profits to support customers. Landlord association, iHowz, question why the chancellor has nor asked the Treasury to apply the same principle to the taxes from the private rental sector. The PRS are paying...
HMO firm fined £68,000
An HMO landlord company and its director have been slapped with a huge £68,000 fine for putting students at risk by ignoring vital repairs for years. Mulberry Real Estate and director David Bryant admitted 11 offences at Cardiff Magistrates Court, including failing to...
Free legal aid for tenants commenced
A new government-backed scheme providing free legal advice to help 38,000 people a year at risk of losing their home launched on August 1st More details can be seen here, and in summary says: People facing eviction or repossession in England and Wales will be able to...
Nationwide – weakest property prices since July 2009
Nationwide chief economist Robert Gardner noted that the price of a typical home is now 4.5% below the August 2022 peak. "Investors’ views about the likely path of UK interest rates have been volatile in recent months, with the projected Bank Rate peak fluctuating...
Tax-efficient ways landlords can sell buy-to-lets
As you are aware, iHowz don't give tax advice, but we can point you at an excellent article in the Investors' Chronicle - see here (subscription may be necessary).
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