Residential Landlords Association (RLA)
Housing latest: Your daily update on politics and the private rented sector
Chancellor Proposes Budget on 6th November
Today the Chancellor of the Exchequer Sajid Javid has announced the date of the next Budget, which will be on Wednesday 6th November.
Proportion of Homes Let by Accidental Landlords Falls Says Hamptons International
The proportion of homes let by accidental landlords has fallen according to the Hamptons International Monthly Lettings Index.
The proportion of homes let by accidental landlords fell to 7.1% in 2019 which is the lowest level in five years.
Aneisha Beveridge, head of research at Hamptons International, said:
“Despite a weaker sales market, which tends to encourage accidental landlords, the proportion of homes to let having previously been listed for sale has fallen for the first time in five years.
“The tax changes being introduced in April 2020 will increase the capital gains tax bill for some accidental landlords who choose to sell after that date.
“Great Britain’s most expensive regions and where prices have risen the most, recorded the biggest fall in accidental landlords.
“This is unsurprising given that landlords in these areas will have seen the greatest gains, which are likely to exceed the annual capital gains tax allowance, and therefore could see their tax bills rise the most.”
Every region recorded a fall in the proportion of homes let by accidental landlords, with London seeing the biggest drop despite being the ‘accidental landlord capital’ of the country.In 2019 thus far 10.1% of homes listed to rent in London had been up for sale during the previous six months.
Meanwhile Scotland (-0.4%) and Wales (-0.3%) saw the smallest changes to the proportion of homes let by accidental landlords.The proportion of homes that came onto the rental market having been listed to sell within the previous six months in the Great Britain peaked at 8.6% in 2018.
Growing Homelessness and Inadequate Funding Costing London Boroughs Over £200 Million a Year
New research argues that a growing homelessness crisis and inadequate funding are costing London boroughs more than £200 million every year – with councils warning the worsening situation risks undermining the government’s national push on reducing homelessness.
The research, carried out by LSE London on behalf of London Councils and the London Housing Directors’ Group, shows that the implementation of the Homelessness Reduction Act in April 2018 has substantially increased the number of people seeking help from boroughs and the resources required for services.
Latest News from
Residential Landlords Association (RLA)
Failing courts need urgent reform argue landlords14/11/2019 16:05:00
New figures showing that landlords face a growing amount of time in getting judgement on repossession cases from the courts are boosting calls for the urgent need for dedicated housing courts to be established.
New data shows folly of London rent controls14/11/2019 11:05:00
Proposals by the Mayor of London to introduce rent controls have been dealt a critical blow as figures show rents across the capital falling in real terms.
Rent Controls: Housing Secretary “not in favour of them”14/11/2019 09:15:00
The Housing Secretary Robert Jenrick MP told the Housing, Communities and Local Government select committee last week that he is ‘not in favour’ of rent controls.
Think tank wants rent controls and lifelong tenancies13/11/2019 15:15:15
Rent controls, lifelong tenancies, a public landlord database and an end to Section 21 are among the calls in a report by the New Economics Foundation.
New CEO to address Future Renting Wales conference13/11/2019 12:15:00
Ben Beadle, the new Chief Executive of the merged RLA and NLA, will address the RLA’s Future Renting Wales conference this month.
November licensing update for landlords12/11/2019 16:15:00
In our licensing update this month, we not only take a look at some of the proposed licensing schemes that are up for consultation across the country, but we also take a closer look at one of our six key manifesto asks when it comes to improving enforcement for all.
Merton Council fine criminal landlord £5000 for health and safety breaches12/11/2019 14:15:00
A landlord in London has been ordered to pay nearly £5000 for failing to apply for a HMO licence and breaching health and safety laws.
Wales fees ban: Welsh Government publishes default fees consultation responses11/11/2019 15:25:00
The Welsh Government has confirmed it intends to bring forward regulations to provide clarity on what landlords will be able to charge in respect of default payments, as part of the Wales fees ban, in the New Year.
General Election 2019 – What we know so far11/11/2019 13:15:00
Ahead of political parties launching their election manifestos over the next week, we look at some of the statements politicians from each of the three major parties have made when it comes to housing – and in particular the private rented sector.