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 >
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 >
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 >
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 >
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 >
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 >
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 >
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 >
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 >
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 >