private rented sector

private rented sector

One step closer to mandatory adding of rent payments to credit scores

04 December, 20170 Comments
The House of Lords has given the Creditworthiness Assessment Bill its second reading and a step forward to ensuring that tenants’ rental payment record counts towards their credit rating. The Bill, moved by the founder of Big Issue, Lord John Bird, now moves to the committee stage of the Lords and appears to have growing
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Autumn Budget 2017 | Items of interest for Private Landlords

23 November, 20170 Comments
Housing – Stamp duty abolished for first-time buyers on homes up to £300,000 – estimated 80% of first time buyers to benefit. – For first time buyers in London there will be no stamp duty on the first £300,000 of the purchase price. Longer tenancies – The government will consult on the barriers to landlords
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Legionella Awareness Day | 30th August 2017

30 August, 20170 Comments
Reported cases of Legionnaires Disease have increased by 35% this year alone. In England and Wales, 80 people have died from the disease in the last five years, not including those that were left seriously ill or with effects on long-term health. This silent killer is EASILY preventable – Which is why today Tenant Referencing
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Opportunity for landlords to increase social housing stock via free property portal

22 June, 20170 Comments
In the current climate many landlords are reluctant to house benefit tenants due to the increasing minority of those tenants unable to pay their rent on time, coupled with uncertainty around the governments’ welfare reform via Universal Credit – leaving good benefit tenants finding it extremely difficult to find accommodation in the private rented sector. LANDLORDS / HOUSING PROVIDERS: Would
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Royal assent for the Homelessness Reduction Act

08 June, 20170 Comments
Starting life as a private member’s bill raised by Bob Blackman, the Homelessness Reduction Bill was later backed by the Government and has now received royal assent on 27th April. The Act is good news for both the homeless and those threatened with homelessness, as it places new obligations on councils. Priority need or intentionally
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Lettings Fee Ban Consultation – Agent deadline approaching

19 May, 20171 Comments
The consultation paper for the Tenancy Fee ban across England was released last month, inviting agents to respond on whether the penalty should be £5,000, £30,000 or a banning order by June 2nd 2017. It was announced in the last Autumn Statement that a ban on letting agents charging fees to tenants would be introduced
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Ill-thought-out legislation continues to criminalise the innocent

13 February, 20170 Comments
On a day where it’s been announced that the newly implemented Right to Rent legislation is not working, two landlords at opposite ends of the country have contacted the TR Group about the impact selective licensing is having on them. Selective licensing means that private landlords are required to obtain a licence allowing them to
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Why tenant demand is likely to be the new constant in UK property

01 February, 20170 Comments
Tenant demand is important for any investor, and here’s why it’s not likely to go away any time soon. For anyone considering investing in the UK’s private rented sector for the first time, one of the major concerns will centre around the potential longevity of the market’s strength, and their own ability to see a
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Housing minister claims buy to let tax changes will only affect 20% of landlords

26 January, 20170 Comments
Housing minister Gavin Barwell says recent changes to buy to let mortgage interest relief and stamp duty will only affect a small proportion of landlords. According to an ARLA report from a meeting of the All Party Parliamentary Group for the Private Rented Sector earlier this month – attended by Barwell – the minister quoted
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