Understanding the Tenant Fees Act 2019
The Tenant Fees Act 2019 commences from 1 June 2019 and applies to England only (for the time being as it has the ability to extend to Wales). The Act controls what payments a landlord or letting agent may require “in connection with a tenancy of housing in England.”...
Can you really trust house price statistics?
The Halifax House Price Index has thrown up some questionable figures for the second month in a row, but should homeowners and buyers really go along with what the statistics say? The Halifax claims home values have increased 5.2% in the year to the end of May,...
Legal Update 2019 Course in Wales
Training for Professionals is holding a “Legal Update 2019 Wales” course in Colwyn Bay on the 3rd July and Swansea on the 4th July 2019. Here at the Guild of Residential Landlords, we work very closely with Training for Professionals and have been to a number of these...
Labour Plans Red Light to Bring Buy to Let to a Dead Halt
Labour is planning a massive tax onslaught for landlords and property investors should the party win the next General Election. A new study commissioned by the Labour Party proposes to end a ‘buy to let frenzy’ that has gripped the housing market by raising property...
Updated Holding Deposit Form and Form 6A
We have updated the combined holding deposit receipt and agreement used for England under the Tenant Fees Act. At the top, we had “prospective landlord” details which needed to be entered but we have now changed this to be details of the person receiving the holding...
CGT Stealth Tax Will Cost Landlords More
Another stealth tax is likely to add to the woes of landlords selling an investment property. HM Revenue & Customs wants to slash the tax relief on selling homes. Currently, under principle residence relief (PRR) investors benefit from an 18-month capital gains...
P2P Investors Holding £160m in Loans as Lender Collapses
Property peer-to-peer funding platform Lendy has collapsed leaving investors holding around £160 million in outstanding loans. Lendy pooled funding from private investors with pledges of up to 12% returns. The money was borrowed by homeowners and developers and...
Landlord Confidence is Key to Possession Reforms
Groups representing landlords and letting agents forming a ‘Fair Possessions Coalition’ have united in warning that plans to abolish Section 21 repossessions without a new system in place would undermine investment in the sector at a time when private landlords are...Always Follow The Golden Rules of Letting a Home
This entry is part 1 of 20 in the series Granting an Assured Shorthold Tenancy… Please login or signup to continue reading this...Reference Checking
This entry is part 11 of 20 in the series Granting an Assured Shorthold TenancyLandlord to do following: Members of the Guild of Residential Landlords can credit check the prospective tenant and guarantor using the tenant referencing service. This will check CCJs,...Tenant Wishes to Proceed
This entry is part 9 of 20 in the series Granting an Assured Shorthold TenancyOnce you have a prospective tenant interested, you should do the following: ... Please login or signup to continue reading this...Suggested Forms Required
This entry is part 7 of 20 in the series Granting an Assured Shorthold TenancyThe below forms are what we suggest you could use but all are optional (although I suppose you would want the tenancy agreement at the very least!) All these forms are available for download...
We Can’t Keep Up With Property Tax Tinkering, Say Experts
Ministers should hold off tinkering with stamp duty rules for landlords and property investors after a slew of changes in recent years, says tax experts. The changes impact home buyers and buy to let investors, who along with their advisors, are hard-pushed to keep up...
How to Rent Guide Updated for Tenant Fees Ban
Today (1 June 2019) the Tenant Fees Act 2019 commences in England. To coincide with this, the legally required How to rent: the checklist for renting in England has been updated. This How to Rent guide is the prescribed information must be given to all new tenants as...
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