Currently viewing the tag: "announcement"
Government Issue Response To Tax Relief Petition

Government Issue Response To Tax Relief Petition

Government Issue Muted Response To Tax Relief Petition

The Government has published a response to the online petition that opposes the proposals to change the amount of tax relief on buy to let mortgages announced by the Chancellor, George Osborne, in the post election summer budget.

From April 2017 onwards landlords will only be able to claim the basic rate tax relief rather than the higher rate tax relief on buy to let mortgage payments. It is widely feared that the move will severely affect the profitability of the private rented sector (PRS).

The online petition to reverse the planned tax restrictions on individual landlords has attracted more than 23,600 signatures since being posted.

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Liberal Democrats Announce Help To Rent Scheme

Liberal Democrats Announce Help To Rent Scheme

Help To Rent Scheme To Support Young Workers 

Liberal Democrat leader Nick Clegg has announced plans for a new ‘Help to Rent’ scheme should his party get elected to power in May. The scheme is intended to support young workers who want to move out of their parents homes and rent their first property in the private rental sector (PRS).

According to some of the latest research it is thought that around two million young working adults still live with their parents because they cannot afford to move into a property of their own, either purchased or rented.

The proposals for the Help To Rent scheme will include a government loan of up to £2,000 (GBP) in London, and £1500 (GBP) in other UK regions to cover the cost of tenancy deposits, with loan repayments staged over 12 or 24 months.

To be eligible for the proposed Help To Rent scheme and secure a loan for a deposit, tenants would need to be in paid employment, aged between 18 to 30 and not be property owners or seeking a tenancy in social housing provided by local authorities. 

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Are Your Rental Properties Ready For Christmas?

Are Your Rental Properties Ready For Christmas?

Landlords Urged To Ensure Rental Properties Remain Occupied over Christmas Holidays

This is the time of year when most amateur property investors and landlords start to wind down ready to enjoy the festive session, whilst the more professional property investors and portfolio landlords start planning their goal setting for 2015.

However, there is one thing that landlords need to make sure of over the festive holidays – Will their rental properties be occupied for the whole of Christmas and New Year?

If tenants are going to be away over the Christmas period then they need to make sure that the landlord or their letting agent is aware, because the majority of rental property problems happen during the winter months, with the highest concentration of issues recorded over the Christmas and New Year holidays, especially if the tenants decide turn off the central heating in order to save money while they are away.

Bigger problems can also occur if the tenant decides to notify the whole world on social media sites that they are going away on holiday or to visit family and their rental properties will be empty!

The last thing landlords need is a call from your tenants or their neighbours because they think your rented property has been burgled, so any broken doors or windows will need repairing quickly, the same goes for tackling burst pipes!

Exclusive Content for PIN Academy Members

Exclusive Content for PIN Academy Members

PIN Academy members can check out these really useful informative and content rich posts that are packed with useful hints and tips that can be passed on to your tenants and of course they are very useful for your own residential property too!

* How To Keep Your BTL Property Winterproof

* How To Avoid Burst Pipes This Winter!

To view these useful threads you will need to join the PIN Academy, which has thousands of active members with various levels of property investment and landlord knowledge that is openly shared on the various forums.

There are plenty of comments about the Stamp Duty announcement and the industry reaction to it, plus revelations about the true value of holiday lettings, the revenge eviction bill, leaflet campaigns and a host of other interesting topics including exclusive offers for PIN Academy members.

To join me on the PIN Academy Forum – Click Here!

Landlords Warned To Get Ready For Universal Credit

Landlords Warned To Get Ready For Universal Credit  Chaos!

National Universal Credit Roll-Out
Starts February 2015 

Department of Work and Pensions (DWP) Secretary, Iain Duncan Smith surprised commentators with an announcement that Universal Credit (UC) will be rolled out to all Jobcentres and local authorities in the UK by February 2015 following the apparent success of the pilot scheme that was originally trialled in the North West.

Many Universal Credit detractors predicted that nothing significant would happen, before next year’s General Election, however, Iain Duncan Smith stunned everyone by announcing that Universal Credit will be rolled out to all Jobcentres and local authorities across the country, starting February 2015.

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TV Show 'Benefits Street' Stigmatising The LHA MarketTV Show ‘Benefits Street’ Stigmatising
The LHA Market

 Channel 4’s highly controversial ‘Benefits Street’ is stigmatising the LHA market and misrepresenting tenants according to Aki Ellahi, Director of Dssmove.co.uk and his statement has sparked a huge debate on PIN Academy, a private members forum. 

The heated debate also covers the fallout after Fergus Wilson, the Kent-based professional landlord, recently announced that he will no longer be accept benefit tenants due to increasing rent arrears. 

Many property investors feel that the Channel 4 docu-soap and the media rhetoric surrounding Mr Wilson’s decision are giving a heavily distorted impression of the UK’s LHA market, much to the chagrin of other property professionals. 

Aki Ellahi has stated that:

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