PRS Landlords Forced To Make insurance Claims Over Tenant Property Damage Research by the National Landlords Association (NLA) suggests that over 400,000 private rental sector (PRS) landlords have been forced to claim on their landlord insurance policies due to rental property damage caused by tenants over the past 12 months. The research indicates that almost [...]

Removal Of Wear And Tear Tax Allowance Doesn’t Have To Mean Landlords Face Property Losses Since the Chancellor of the Exchequer announced in the post election budget that the wear and tear tax allowance for landlords was to be phased out and replaced with a tax relief system that only allows landlords to deduct costs [...]

HMRC Introduce Replacement Furniture Relief To Supersede Wear And Tear Allowance HM Revenue and Customs, (HMRC), have finally announced the scope of the proposed amendments to the wear and tear tax allowance for landlords of rental properties, outlined in the post election budget by Chancellor George Osborne. At the 2015 Summer Budget the Government confirmed [...]

Pilot Assessment Of Right To Rent Checks Due Next Month Government Immigration Minister, James Brokenshire has stated that the controversial right to rent immigration checks could be rolled out in other parts of the UK, once the results of the pilot scheme have been thoroughly assessed. The pilot scheme forcing landlords and letting agents to [...]

Mandatory Landlord Licensing Scheme Set To Root Out Criminal Landlords UK Prime Minister David Cameron has indicated that under the new Conservative Government there will be the nationwide introduction of further legislative measures to help rid the private rented sector of criminal landlords. The announcement was made by Mr Cameron ahead of the Queen’s Parliamentary [...]

Rise of Pensioner Landlords Could Have Dramatic Effect On UK Property Market As most people are already aware the UK pension rules changed on 6th April 2015, allowing people aged 55 and over to withdraw all or part of their pension pot to spend as they prefer rather than being forced to buy some form [...]

Deregulation Bill Receives Royal Assent The controversial Deregulation bill may have received Royal Assent but it needs a commencement order to enable the legislation to be brought into force, and the delay will allow landlords enough time to get their rental properties up to the required standards and ensure that they will be compliant with [...]

Risks To Rental Property Businesses Can Be Mitigated Landlords choose to rent out properties for a variety of reasons including retirement planning or they may be unable to sell their former home or may have been left property by a deceased relative. Whatever the reason for rental properties, there are always risks and challenges associated [...]

UK Landlords Without Rent Protection Insurance Are Owed £850 Million In Unpaid Rent Arrears According to a new survey among PRS landlords, almost half a million private rental sector landlords in the UK have experienced increased rent arrears in the past 12 months. Many of these landlords were obviously unaware of the benefits that Rent [...]

20% of UK PRS Landlords Struggling To Obtain Buy To Let Mortgage Finance 31% of UK private rental sector (PRS) landlords reckon that they will require additional buy to let mortgage lending or buy to let re-mortgages within the next three months. However, as many as 20% of landlords may not get financed, according to [...]