Property Companies Delaying Tax Filings Should Expect Harsh Penalties
A property development company had no excuse to miss corporation tax filing and payment deadlines that left them to pay thousands of pounds in fines and interest, a judge at a tax tribunal ruled. Director Mrs Pragya Singh of Caris Properties Limited told the...
New No Reason Provided Eviction Rules for Landlords in Wales
Landlords in Wales face a wait of a year from the start of a new tenancy to take back a rented home under new no reason provided eviction rules. A draft law has been laid before the Senedd by the Welsh Government outlining the terms of the measure. Under The Renting...
Meeting in Cardiff Announced – February 2020
After a quick survey, we are pleased to announce that we will be holding a meeting in Cardiff on Tuesday 25 February 2020 from 7.30pm to 9.30/10pm (it always runs late hence the 10pm). The agenda will include: Overview of the tenant fee ban in Wales. Details about the...
Would You Attend a Meeting in Wales Late February?
We are considering holding a meeting in Cardiff later this month but before we decide on this we'd like to get a feel for numbers who might attend. We are asking people to register their intention that they might attend by the button below. There is no commitment to...
Landlord Short-Stay Switch May Mean Losing 500,000 Buy to Let Homes
Landlords have switched nearly 50,000 private rented homes into short-stay lets, according to data published by trade body the Association of Residential Letting Agents. ARLA cautions that one in 10 landlords are thinking about switching to AirBnB style holiday and...
Buy to Let Stands Still, but Tenants Are Getting Older
Buy to let has a 19% slice of the UK housing market - but the private rented sector has stood still for the past six years. The market first hit the 19% mark in 2013-14 and has not changed in size since, although the number of young adults renting has shrunk slightly,...
Thousands Sign Property Guru Petition Protest
Thousands of people have signed a petition calling for new rules to make offering property training and wealth creation courses stricter. The protest follows the death of Army reservist Danny Butcher, 37, who killed himself after spending thousands of pounds on a...
Legal Update Wales 2020 Training Courses Announced
Training for Professionals has announced a number of courses titled ‘Legal Update Wales 2020’ which are to run during March 2020. Attendees will learn about the upcoming replacement to assured shorthold tenancies, proposals to change section 21 notices and minimum...
New Prescribed Limits Relating to Tenant Fees in Wales
Under the Renting Homes (Fees etc.) (Wales) Act 2019, receiving payments in relation to a tenancy are only permitted if specifically included in the Act. In the list of “permitted payments” (found in Schedule 1), payment in the event of default is a permitted payment...
Nine Reasons Rent Controls Don’t Work
A big debate about capping rents is underway in London and other global cities like New York and Berlin - but a think-tank is warning they don’t work. Rent controls have been in place in Sweden since 1942, but a paper from think-tank Epicenter suggests the...
House Prices Peak, but Growth Rate Is Slowing
Despite the Brexit blues subduing the property market, house prices continued to climb, according to official data. The value of an average UK home increased by 2.2% in the year to November 30 - the latest date prices are available for. The rise makes the average home...
New Version of Tenancy Builder Now Beta Testing
We are pleased to announce that our next version of one of our most popular services, the Tenancy Builder, is now ready for beta testing by users. We have personally used the beta test with a live genuine tenancy and it appears to be working perfectly but it needs...
Buy to Let Rents Rise – but Number Crunchers Disagree How Much
Buy to let rents jumped 1.4% last year, according to the latest official data. Annual rent increases had plateaued at a monthly 1.3% increase between May and October, but increased to 1.4% in November and stayed at that point in December, says the Office for National...
Letting Agent Must Pay £4,500 for Flouting Rent Smart Wales Licence
Letting agent watchdogs are vowing to get tough with firm who fail to comply with their Rent Smart Wales licence conditions. The warning comes after Robert Bistula, director of Easy Rent in City Road , Cardiff, ignored official requests to supply information about the...
Lawyers Plan to Make Buying Leaseholds Cheaper
Lawyers are pushing for reforms that would make extending or buying out a lease cheaper for landlords and other home owners. The influential Law Commission - an independent body that keeps UK law updated and under review - wants wide ranging reforms of how the value...
Property Guardians Let Renters Live in Slum Care Home
A property guardianship firm that shoe horned tenants into a derelict care home has been fined for breaking house in multiple occupation rules. Camelot Guardian Management Company stopped squatters moving into commercial property by encouraging tenants to live in the...
Minister Rejects UK’s Largest Landlord Licensing Scheme Renewal
Housing and Communities Secretary Robert Jenrick has rejected a proposal to extend the UK’s largest private landlord licensing scheme. A plan to renew the measure for another five years from Liverpool City Council was turned down because the application lacked ‘robust...
Surprise Boost as Annual House Price Rises Hit 4%
House prices have started the year with a big jump - according to the latest data from one of the country’s largest mortgage lenders. The Halifax says property values increased by 4% last year with a 1.7% in December - the biggest monthly rise in 2019. The average...
Don’t Get in a Mess Over MEES, the New Energy Efficiency Rules
Properties that require an EPC and fail new minimum energy rating standards must not be rented to tenants after April 1 2020 unless an exemption is sought. Although the law has been a long time coming since coming into force in April 2018, many landlords are unaware...
Minister Urges Landlords to Lift Bans on Pet-Owning Tenants
Housing Secretary Robert Jenrick wants landlords to let pet owning tenants off the leash by allowing them to have well-behaved animals in their rented homes. He has stopped short of making the move mandatory but wants to encourage more landlords to offer pet friendly...
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