At the Labour Party conference, Deputy Prime Minister Angela Rayner pledged to work in collaboration with Private Rented Sector (PRS) landlords and social landlords to ensure the delivery of decent and safe homes. She acknowledged the challenges faced by housing...
News
Private rent and house prices, UK: September 2024
The ONS has just released its Private rent and house prices, UK: September 2024. The full report can be seen here, and in summary the Key Points on UK Private Rents and House Prices (as of August 2024)are Private Rents UK-Wide: Average private rents increased by 8.4%...
Landlords Could Face £90,000 Capital Gains Tax Bills Under Labour’s Proposed Tax Changes
The Telegraph has published an article outlining the potential for landlords under Labour. The original article can be seen here (subscription may be necessary) and says that landlords in the UK may soon face capital gains tax (CGT) bills as high as £90,000 if Labour...
UK Budget 2024: Impact on Landlords and the Private Rented Sector
As the UK anticipates the October Budget, landlords in the Private Rented Sector (PRS) are facing uncertainty, particularly regarding potential Capital Gains and Inheritance Tax increases. While recent figures from Rightmove show that 18% of former rental properties...
Legal opinion on the Renters Right Bill
LandlordToday has published an article from Lawhive, who give their view of the potential impact of the RRB on the sector. The full article can be read here, and in summary says The revised Renters' Rights Bill brings substantial changes to tenant protections, with...
Even more landlords sell up
High mortgage costs, tax changes, and new legislation continue to pressure UK landlords, driving many to sell their properties, leading to a critical shortage in rental supply. Zoopla's latest data reveals an average of 21 tenants are competing for every available...
RICS – Prices Increasing
UK house prices are showing signs of increasing for the first time in nearly two years as market activity picks up, according to surveyors. Price growth moved into positive territory last month for the first time since October 2022, the Royal Institution of Chartered...
iHowz view of the Renters’ Right Bill
The Renters' Rights Bill (RRB), was introduced by the new Labour Government, and follows the Conservative's failed Renters Reform Bill. While the previous government claims time constraints hindered the previous bill's progress, some suggest it wasn’t a priority for...
Grainger comment on new RRB
While the Renters' Rights Bill aims to raise standards in the private rented sector, it does not include rent controls, a mechanism that has proven detrimental to renters when implemented elsewhere. The draft legislation will now go through the Parliamentary process...
iHowz brief MPs
iHowz were delighted to be able present their briefing to MP's in Portcullis House. Whilst we were there the new Renters' Rights Bill was published which form the basis of our next briefing paper. The basis for our briefing is that Successive Governments have taken a...
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