Latest Posts
The Renters (Reform) Bill: Significant changes for Landlords and Tenants
The Renters (Reform) Bill promises to deliver a fairer lettings system for tenants and landlords in England. According to the government, the Bill is a “once-in-a-generation overhaul of housing laws”. Landlords have been keeping a close eye on the contents of the...
Buying an investment property: cash v loan
Advantages of buying a property with cash 1. No debt or interest payments Purchasing a property with cash means that you don't have to worry about taking out a loan and making monthly interest payments. In recent times interest rates have risen significantly and...
Property Licensing
Since the Housing Act 2004, local authorities have had powers to regulate standards in the private rented sector by introducing property licensing schemes. There are currently three types of licensing scheme in the UK: Mandatory licensing applies to all Houses in...
The Debt Respite Scheme (England and Wales) Regulations 2020
As of 4 May 2021, the Debt Respite Scheme (Breathing Space) allows people in England and Wales with unsustainable debts to arrange to enter a ‘breathing space’. Once someone enters a breathing space, their creditors (for our industry, this means landlords and their...
Reduction in Eviction Notice Periods
Minimum eviction notice periods cut from six months to four from 1st June for most renters in England, the government has announced. From Tuesday 1st June 2021, eviction notice periods - previously extended to six months during much of the pandemic in 2020 - will...
Stamp Duty Land Tax (SDLT) Holiday Ends Soon
From July 2020, the property value threshold above which the Residential Rates of SDLT are paid on properties in England and Northern Ireland was temporarily raised to £500,000. This means many house buyers paid no tax at all. However, this temporary reduced rate of...
Green Homes Grant: make energy improvements to your home
Recently the government launched their Green Homes Grant Scheme, a scheme that entitles you to a voucher that goes towards the cost of installing energy efficient improvements to your home.The Government has extended the scheme until 31st March 2022. Homeowners are...
Mandatory Electrical Checks for Rented Property from 1st July 2020
Overview of the Regulations The Electrical Safety Standards in the Private Rented Sector (England) Regulations 2020 came into force from 1st June 2020. Landlords in the Private Rented Sector (PRS) must ensure every electrical installation in their residential premises...
Update on COVID-19
The impact of the COVID-19 virus on our everyday lives, not just here in the UK but on a world-wide basis, has been unprecedented. As the virus tightens its grip, we are all adjusting to a very different way of life. For most of us, that now means a virtual lockdown...
The Fifth Money Laundering Directive (5MLD)
On the 10th January 2020 5MLD will take effect in the UK. Letting agents that facilitate rent transactions in excess of €10,000 (around £8,500) calendar month will be subject to The Fifth Money Laundering Directive. All tenancy agreements with a rent is excess of...
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Mike Walsh (Durham & Teesside Region)
07880 550754
Andy Walsh (Tyne & Wear Region)
07523 240460