Limited company landlords are unlikely to change their ownership arrangements despite the chancellor’s move to raise corporation tax. The tax change from 19 to 25 per cent, announced in the Budget and due to take effect in 2023, will hit rental profits made by limited company landlords with larger portfolios...

Stamp Duty Extended to 31st June

The Chancellor will give away half a billion pounds to second homeowners and landlords through the stamp duty holiday extension. Labour analysis reveals this could have built nearly 3000 social rented homes – half the total that were built in England last year. The Chancellor announced at the 2021 Budget that...
A house in multiple occupation is a house occupied by people who do not live as a single household. This can include bedsits, shared houses, hostels, non-self contained flats and houses converted into flats. Hotels, guest houses and bed and breakfast establishments that are used to accommodate homeless people...
The Landlord Association Chairman was discussing the latest developments with Brooklyn Law boss Simon Butler about the latest issues in the rental market following the emergence of Covid-19. They worryingly realised that that they couldn't agree on the governments latest legislations regarding tenant evictions. Concerning when you consider...
As we look ahead to 2021, it’s worth considering how the rental market has changed over the last 12 months, most notably with the emergence of a “two-speed” market. On the ‘fast setting’ is most of the UK. Average rents outside London are up 1.7% on the year. Rental growth has...
Simon Scott of FlatFair

UK Housing Market Posted Strong 2020, Despite CV-19

DATA released today confirms what many in the property industry had already suspected. The UK housing market remained robust during 2020, despite the significant challenges of the health crisis. Taken as a whole, the figures highlight that on an unadjusted basis, a total of 1,047,490 homes were sold in the...
Those who buy to let are facing a triple whammy of additional financial pressures. We take a look at one of the possible solutions: incorporating your business. However, such a step isn’t without its drawbacks – so is it for you? The 3 per cent extra charge in stamp duty for additional...
The ban on evictions in England, Wales and Scotland has unsurprisingly been extended. The move means that eviction notices, which were supposed to start again today, will not be served for at least six weeks in England and longer in Wales and Scotland. The Ministry of Housing said no evictions should...
The government has left open the option of completely shutting down the housing market to manage the spread of coronavirus if the pandemic worsens, government guidance has confirmed. Published yesterday, the guidance said the housing market currently remains open, but it could still be shut down similarly to what happened in the...
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