At the Tory Party Conference back in October, Communities Secretary Sajid Javid announced that the Autumn Budget would “bring forward new incentives for landlords” to offer tenancies longer than 12 months. It seems, however, that the Chancellor was not giving Javid’s conference speech his fullest attention. At last week’s Autumn Budget the Chancellor announced that … Continue reading Budget 2017: Confidence is the Key to Longer Tenancies
As of 1st December 2017 no landlord in Scotland will be able to create a new Short Assured Tenancy. Instead the new default private tenancy will be the Private Residential Tenancy, no doubt from this point on to be known as the ‘PRT’. The new three letter initialism is but the tip of the Scottish … Continue reading ‘No-fault’ possession comes to an end in Scotland!
Conference season is over, we’ve seen the first increase in interest rates in ten years and to top it all off we have the Chancellor’s budget looming over our heads. On a the latest episode of the NLA’s podcast Inside Property, Richard Blanco is joined by Chris Norris, Head of Policy at the NLA and … Continue reading What will your property business look like in 2025? Listen now to the NLA’s latest podcast
UPDATE: The Bank of England raised the base rate from 0.25% to 0.5% on Thursday 2 November. Odds on the Bank of England raising interest rates for the first time in more than a decade are now so low, that it’s hardly worth placing a bet; but what would a rate hike mean for landlords … Continue reading Could you afford £1,162 pa interest rate hike?
Landlords should be aware that from 1st April 2018, new Minimum Energy Efficiency Standards (MEES) will prohibit landlords from granting new tenancies (or renewing/extending existing tenancies) for properties with an EPC rating of F or G. The Government has now signalled their intention to toughen the regulations even further. As it stands currently, landlords can … Continue reading Will Landlords have to pay up to £5000 towards energy efficiency improvements next year?