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Author Archives: James

Fees ban implementation date of ‘after’ spring 2019 is confirmed for a second time

The ban on lettings agents’ fees charged to tenants will not come into force until “after” spring next year, it has been confirmed for the second time within a month. Yesterday’s announcement by the National Approved Letting Scheme follows an More details >

Posted on January 11, 2018 by James

Fees ban Bill brings industry to a ‘fork in the road’, says ARLA Propertymark

ARLA has said that the new draft Tenant Fees Bill brings all agents in England to a “fork in the road”. In a note to member agents, ARLA Propertymark says that the draft Bill raises “unprecedented questions for the future More details >

Posted on November 7, 2017 by James

Almost half of first-time buyers experiencing a fall-through before they succeed

Almost half of first-time buyers who have now purchased a property this year previously experienced a collapsed transaction. Aldermore looked at a sample of 505 first-time buyers and 1,505 prospective first-time buyers, with 47% of those now on the property More details >

Posted on November 1, 2017 by James

Chancellor urged to axe Stamp Duty – ‘the worst tax we’ve got’

The Chancellor has been urged to scrap Stamp Duty Land Tax in the forthcoming Budget. Separately, a tax specialist has called for an end to landlord bashing. The Adam Smith Institute says that axing Stamp Duty would help solve the More details >

Posted on October 31, 2017 by James

Lettings fee ban unlikely by next April but legislation coming ‘very shortly’

The tenant fees ban is unlikely to be in place by next April due to the legislative process, a Government official has indicated. Speaking at yesterday’s  National Approved Lettings Scheme (NALS) London conference, Rebecca Perks, the policy lead for lettings More details >

Posted on October 27, 2017 by James

‘Modest momentum’ returns to the housing market amid record low mortgage rates

The housing market has built up “modest momentum” this year but to different types of borrower, mortgage lenders claim. Figures from trade body UK Finance show there were 41,584 house purchase approvals in September, stronger than the monthly average of More details >

Posted on October 26, 2017 by James

How private landlords’ tax bills will rocket after ‘unjust legislation’

There will be an enormous leap in tax bills for private landlords when tax reforms kick into place. Dr Ros Beck, a private landlord, has done research which shows that the tax bill could almost triple – and that landlords More details >

Posted on March 10, 2017 by James

Lenders find landlords planning rent hikes

Almost a fifth of mortgaged landlords have admitted they will raise rents to mitigate impending buy-to-let tax changes, a survey has revealed. The Council of Mortgage Lenders (CML) commissioned YouGov to poll 925 landlords about how they would cope with More details >

Posted on March 8, 2017 by James

Landlords planning rent increases ahead of mortgage tax changes

A quarter of landlords have raised the rent on their buy-to-let properties to mitigate the impending mortgage interest relief changes, a poll has revealed. Paragon Mortgages’ latest Private Rented Sector Trends report, based on interviews with 200 professional landlords, found More details >

Posted on February 20, 2017 by James

Letting agents’ fees ban: Industry bodies continue their fight

ARLA has called for an end to up-front fees. Instead, it is asking for the fees charged by letting agents to tenants to be spread over a six-month period. However, ARLA managing director David Cox has conceded that the Government More details >

Posted on February 2, 2017 by James

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  • Fees ban implementation date of ‘after’ spring 2019 is confirmed for a second time
  • Fees ban Bill brings industry to a ‘fork in the road’, says ARLA Propertymark
  • Almost half of first-time buyers experiencing a fall-through before they succeed
  • Chancellor urged to axe Stamp Duty – ‘the worst tax we’ve got’
  • Lettings fee ban unlikely by next April but legislation coming ‘very shortly’

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