Stamp duty hike: a ‘bitter but manageable pill to swallow’ for UK landlords November 5, 2024 Last week’s Budget announcement raised Stamp Duty Land Tax (SDLT) to five per cent tax, yet household landlords seem unfazed. London-based estate agent Benham and Reeves carried a survey to find out how UK landlords reacted to this hike. Concerns about potential hikes in capital gains tax (CGT) on property investments weighed heavily on landlords [...]
Landlords urge Reeves to offer Budget tax breaks amid ‘market uncertainty’ October 17, 2024 Private landlords groups have written to Rachel Reeves to urge the government to offer tax breaks amid “market uncertainty” ahead of the Budget. In a letter to the Chancellor prior to the 30 October fiscal statement, representative bodies including the National Residential Landlords Association (NRLA) said their members face “uncertainty on a number of fronts” [...]
Capital gains hike in the Budget could push landlords out of the market October 15, 2024 In a paper published back in 2022, Capital Economics, a leading economic consultancy, predicted that hiking CGT would actually cost the Treasury.
Landlords stay put ahead of Renters’ Rights Bill October 9, 2024 Fears of a landlord exodus following the introduction of new renter-friendly legislation may be overblown, according to fresh data. The predicted rush of rental properties being put up for sale hasn’t materialised, with the number of properties on the sales market down by nearly a fifth between June and September this year, according to research [...]
Property market turns positive for first time in two years September 12, 2024 House prices significantly outperformed analyst expectations after the Bank of England cut its base interest rate, data from a closely watched survey from the Royal Institute of Chartered Surveyors (RICS) showed. The survey found that the UK house price balance, which measures the difference between the percentage of survey respondents reporting rising house prices and [...]
Renters rights bill must protect ‘workable’ grounds for possession, landlords warn September 6, 2024 Plans to reform renters rights must protect “clear, comprehensive and workable” grounds for possession, a landlords body has warned. The government could reportedly bring forward its new Renters Rights Bill, which was announced in the King’s Speech, as soon as next week, according to Sky News. And renters rights campaigners have urged ministers to fulfil [...]
London landlords struggle to shift office space due to high rates and hybrid work July 10, 2024 Landlords wanting to shift large London office this year have struggled to find a willing buyer, as nerves over hybrid working and higher interest rates continue to plague the upper end of a market that is still yet fully to recover from the pandemic.
Warnings rental reform could disincentivise landlords as bill returns to House of Lords May 16, 2024 Peers have been warned government moves to bring in rental reform risk making it “less attractive” to be a landlord.
LGIM boss calls for fewer ‘unscrupulous’ buy-to-let landlords in Britain May 6, 2024 An LGIM boss has lambasted what he describes as "unscrupulous" buy-to-let landlords, accusing many of providing poor housing for tenants.
Explained: What is happening with the Renters Reform Bill? May 2, 2024 The Renters Reform Bill was introduced last year, but it has been beset by delays, and now has 200 amendments added to it. What's the latest?