The Section 24 parliamentary petition, seeking to persuade MPs to reinstate mortgage interest tax relief for landlords, has fallen far short of its 100,000 target.The petition, from Midlands landlord Simon J Foster, urged the government to reverse the Section 24 tax...
Tax & Other Financial
New report shows that Landlords are at ‘high risk’ from fraud
A report by Thirdfort has identified the top eight types of property most at risk from property fraud. It can be seen here, and says that data from the Credit Industry Fraud Avoidance System (CIFAS) reveals identity fraud remains a key threat and the number of cases...
‘Rent-to-Rent craze adding to UK’s renting crisis’
LandlordZone has published an opinion piece stating that, in their opinion, Get-rich-quick property schemes favoured by investment training “gurus” are making the UK housing crisis worse It can be seen here, stating ‘There are many rules and regulations that landlords...
First-Time Buyers | May the Fourth Be With You – Return of the… Help to Buy?
PropertyNotify has published an article discussing the Help to Buy scheme, a flagship government scheme launched by Osborne in 2013 that helped nearly 400,000 first-time buyers to get on the ladder with a total value of £23.6bn. It can be seen here, and suggests that...
An open letter to Sadiq Khan and his plans for a rent freeze
Property118 has published an open letter from a mortgage market researcher, saying he was prompted to write to the mayor after reading on Property118 that Mr Khan had signed a letter urging a rent freeze ‘because landlords can afford it’. The letter can be seen here,...
How We Escaped The Landlord Tax Trap
Property118 are running an article on how to save on taxation. It can be seen here Note iHowz cannot vouch for the methods shown, landlords should always take appropriate advice
Rents hit fresh high as lack of homes available continues
The BBC are reporting on a recent update from Rightmove. It can be seen here, and says: Average rents have continued to hit new highs, according to property website Rightmove, as the shortage of available properties continues. Asking rents outside London have reached...
Index of Private Housing Rental Prices: March 2023
The Office for National Statistics has published an index tracking the prices paid for renting property from private landlords in the UK during March 2023. It shows: Private rental prices paid by tenants in the UK rose by 4.9 per cent in the 12 months to March 2023,...
The best buy-to-let locations for landlords to invest
The Telegraph have run a couple of articles on the best buy-to0let locations. To invest £50,000 see here To invest £25,000 see here
Mortgage prisoners
The House of Commons Library has published an overview of how many mortgage-holders became trapped in expensive deals, and of efforts made to help resolve the situation. For the paper, click here. In summary: Who are mortgage prisoners? Although definitions vary,...
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Landlords get lower CGT but may have higher exit costs
Landlord Knowledge has published an article pointing that lower Capital Gains Tax might be offset by high exit fees....
Landlords capital gains tax bills jump £1,600
Mortgage Finance Gazette are reporting how the recent changes to capital gains tax and their impact on landlords,...
Cut to CGT too small to encourage selling
Jo Eccles, a prominent agent is advising landlord clients, regarding the impact of Capital Gains Tax (CGT) cuts...