In a move that surprised many, Mr Sunak chose to include buy-to-let investors and second homeowners in the Stamp Duty holiday. Therefore, on a property worth £250,000 a buy-to-let investor would only pay 3% SDLT rather than an additional 2% on £125,000 of the transaction, a saving of £2,500.
With a quarter of the UK’s population either unemployed or on furlough, many tenants are struggling to pay their rent. We look at what rights landlords have during this time.
On 1 April 2018, the Minimum Energy Efficiency Standard (MEES) regulations came into force. Since then, a landlord has been unable to grant or renew a lease, if their property has an EPC rating of F or G. These properties are known as ‘substandard’. From 1 April 2020, a landlord cannot continue to rent a substandard property.
The number of rent deposit disputes between landlords and tenants that are being resolved before they reach the final adjudication process has increased, according to a report by the Tenancy Deposit Scheme (TDS).
Greater protection for tenants with the end of no-fault evictions The Government has announced plans to scrap ‘no fault’ evictions with a new open-ended rental system envisaged. Such a system could mirror that introduced in Scotland two years ago and systems already operating in other European countries. Currently most renters take an Assured Shorthold Tenancy […]
Under the new Tenant Fees Act, damage deposits taken at the start of a tenancy will be capped. There are also new rules around holding deposits. Landlords and letting agents need to take heed of the changes, or it could prove costly. What do the new laws say? The Tenant Fees Bill is set to […]
The new Tenant Fees Bill is set to be introduced this summer. Here’s a brief run-down of what’s changing, when, and what breaching the news laws could mean for landlords and letting agents. What’s changing? Until now, landlords and letting agents have been able to charge tenants additional fees for things such as references, credit […]