** BREAKING NEWS ** The government announced on Wednesday 15th January that it is pressing ahead with the introduction of mandatory electrical checks and hope to introduce the legislation imminently. Both 1st April and the 1st July have been touted as the implementation date with neither date giving Landlords much notice about such a major... View...
It was officially confirmed during the government’s Queen’s Speech that no-fault Section 21 evictions will be abolished at some point in the future. Whilst very little other information has been provided about the specifics of this being done, we fully expect a reform of eviction proceedings to be included as part of this change. With... View...
The Tenant Fees Act 2019 came into effect in June 2019 and has made a significant impact on the way the Lettings industry operates. With so much change, what are the main things that landlords need to know about this legislation? No More Fees – Landlords and Agents are no longer permitted to charge tenants any... View...
The government has said it wants to ban outright Section 21 ‘no fault’ eviction powers in England and Wales. Instead landlords seeking to evict tenants would have to use Section 8, which can be implemented when a tenant has fallen into rent arrears, has been involved in criminal or antisocial behaviour or has broken terms... View...
With the introduction of the Tenant Fee Ban, new rules regarding deposits have been bought into law. Deposits for tenancies that commence from June 2019 are capped at the equivalent of 5-weeks’ rent. This also means that if you renew a current tenancy moving forwards we will need to review the amount protected for the... View...
Chancellor Philip Hammond in his Autumn Statement has announced that fees letting agents charge to tenants for referencing and setting up tenancies will be banned. On the face of it, this is a good step towards helping those struggling to get on the property ladder, but on reflection, it will actually end up hurting those... View...
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You usually pay Stamp Duty Land Tax (SDLT) on increasing portions of the property price when you buy residential property. SDLT only applies to properties over £250,000. There are three rates of stamp duty for residential property, with a standard rate for people who own one property, a surcharge for those who own multiple properties and a relief element for first time buyers.
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