Long-Term Penalties – The CGT Rise

With less houses available and less public money to build new social housing, the private rented sector provides much needed housing for those who are unable to buy. Although the sector was first initially warned of a capital gains tax that was likely to be in a 40%-50% bracket to bring it in line with […]

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Housing Benefit Cut..

‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾ The government’s decision to clamp down on the £21bn housing benefit bill has sent shockwaves throughout the private rented sector. From next April, housing benefit will be capped at £400 per week for a 4+ bedroomed property, £340 for a 3-bedroomed, £290 for a 2-bedroomed and £250 for a 1-bedroomed. The cut is aimed […]

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Budget 2010

There’s been much debate and banter in the news in the run up to 22nd June about the Chancellor’s economic strategy regarding the emergency budget. Yesterday, laying facts to all the conjecture, George Osborne delivered his emergency budget. · The controversial CGT hike, which was first proposed last month at an intended increase to 40-50 […]

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Shapps 1 – Healey 0

Just as Samantha Cameron is busy remodelling in Downing Street, it appears her husband’s party and his coalition partners are also busying themselves with a clear-out of their predecessors out worn policies.  Since the election in May and the appointment of Grant Shapps as Housing Minister and his ‘age of aspiration’, the PRS has seen […]

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Planned National Landlord Register Ditched

‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾ There’s some good news this week for the PRS in England and Wales, as Housing Minister, Grant Shapps announced the scrapping of any intention for a national landlord register. In response to Labour’s landlord register scheme, Shapp’s decision to ditch the register was due to his view that such a scheme would not encourage […]

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This Is Big Brother..You Have Been Evicted

‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾ If only evictions were as easy and straightforward like the ones on Channel 4s Big Brother. Although most evictions are due to rent arrears and none payment of rent, there is still a number of landlords who serve notices due to nuisance tenants.  Last year one landlord issued an eviction notice on 2 tenants […]

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Just for Laughs

There’s enough despondency in the industry about the up and coming budget day, so here’s something to cheer you up. Here are a few excerpts of funny letters to landlords. The toilet is blocked and we cannot bathe the children until it is cleared. I want some repairs done to my stove as it has […]

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Pitfalls of the Hard-to-Let

There is always the odd, undesirable hard to let property that becomes the bane of a landlord.  The one that was bought when an area seemed reasonable, but has since gone to the dogs.  Selling the property becomes out of the question as any sane buyer wouldn’t touch it with a proverbial bargepole. The temptation […]

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CGT Update

As we await expectantly for the dreaded ‘B’ day on the 22nd this month, those of us in the private residential sector can only speculate on the controversial hike in capital gains tax. George Osborne is aware he could face rebellion from Conservative MPs, should he raise CGT more than 25 per cent.  The LibDems […]

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Tenants from Hell – The importance of T.R

‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾ While much is said about a possible landlord register being introduced in England to crack down on rogue landlords, it’s a pity that one can’t be set up to protect landlords from rogue and violent tenants. Last month, it was revealed that one woman made a career of renting houses from unsuspecting landlords.  Once […]

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