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)
BREAKING: NRLA victory as Welsh Government brings in tenant loans14/08/2020 16:38:00
Loans to pay off rent arrears built during the Covid-19 pandemic will now be available to tenants in Wales following a campaign by the National Residential Landlords Association (NRLA).
Welsh possession laws ' draconian ' say landlords05/08/2020 12:02:00
Landlords are calling on the Welsh Government to rethink the decision to extend notice periods for possession to six months.
NRLA win on energy efficiency grants04/08/2020 15:02:00
Landlords are today welcoming news the Government has accepted its recommendations on how the new Green Homes Grant scheme should work.
NRLA partners with the Scottish Association of landlords04/08/2020 09:02:00
Landlords who let properties in England, Wales and Scotland can now have joint membership of associations north and south of the border under a new partnership.
Disappointment as six-month notice period introduced in Wales27/07/2020 14:25:00
Landlords in Wales will need to give tenants six-months’ notice when repossessing homes under new rules recently (23 July 2020) announced by the Welsh Government in response to the Covid-19 crisis.
David Smith named as NRLA legal counsel27/07/2020 12:02:00
Leading housing lawyer and former RLA policy director David Smith has been announced as legal counsel for the National Residential Landlords Association.
Possessions win as Housing Minster quotes NRLA in Commons debate27/07/2020 11:25:00
The NRLA was referenced several times by the Housing Minister Christopher Pincher MP in the Commons when discussing the end to the ban on repossessions next month.
Housing Minster quotes NRLA in Commons repossessions debate23/07/2020 14:25:00
The NRLA was referenced several times by the Housing Minister Christopher Pincher MP in the Commons yesterday when discussing the end to the ban on repossessions next month.