Hot Topic

May 14, 2019
Could a Section 21 ban trigger a landlord exodus?

Could the recent government decision to abolish Section 21 – the notice a landlord must give to a tenant to begin the process to take back possession of a property – trigger an exodus of landlords from the market?

A new poll by the National Landlord Association appears to suggest it could, with the body saying, decreasing the rights of landlords is putting further pressure on a sector already feeling the strain of tax and legislative changes.

The research found that 11% of landlords had been forced to use Section 21 in the past five years to evict tenants, with 7% resorting to using section 8 to terminate a tenancy, a far trickier process.


The way buy to let profit is calculated will be changing – are you up to date?

The new tax year is almost upon us and now would be an excellent time to organise your tax affairs and to plan for additional changes to the tax treatment of mortgage interest. The phasing out of mortgage interest relief for buy to let landlords was first announced in the 2015 Budget. It will restrict the amount that landlords...

First-time buyers hit 10-year high as buy-to-let property sales fade

The number of first-time buyers hit the highest level for a decade in 2017 while lending for buy-to-let has gone into retreat, according to official figures. A total of 365,000 buyers took ownership of their first home last year, an increase of 7.4% on 2016 and the highest number since 2006, said UK Finance, the trade body for Britain’s...

Ombudsman Services to withdraw from complaints handling in the property sector

For a significant period of time, using an ombudsman has been a successful way of resolving complaints with a property firm without having to go to court. However, the Ombudsman Services (OS) announced yesterday that it is withdrawing from complaints handling in the property sector. Instead, it will be launching a dialogue with consumers in an attempt to tackle...

Hot Topic: What is Universal Credit and how will it affect the market?

When the Government announced reforms to the benefit system to a single payment called Universal Credit (UC) it had a basic premise, to be a benefit which helps the unemployed to become employed and to support the under-employed to become employed full time. In order to achieve this, the benefit is paid monthly like a wage, including help for...

Autumn Budget 2017: Stamp duty has been axed for first-time buyers but what does this mean?

In the recent Autumn Budget 2017Chancellor Philip Hammond announced the axing of stamp duty charges for first-time buyers who purchase a property with immediate effect. What this means is that first-time buyers will not have to pay stamp duty on the first £300,000 of any home that costs up to £500,000. The Treasury estimates that this move will mean...