The hotly debated Leasehold & Freehold Reform Bill is making quick progress through Parliament having now had it’s 1st and 2nd readings. The Bill is currently awaiting it’s 3rd and final reading at the House of Lords before final amendments and then Royal Ascent into Law. This complex piece of legislation aims to crack down […]
Alfie’s Blog
“No Fault Evictions” to continue for now.
This week saw the Renters Reform Bill have its third reading in the House of Commons and it will now progress to the House of Lords for further debate. The abolition of the so called ‘no fault’ Section 21 evictions is a key element of the proposed bill but it has come under significant scrutiny […]
Renter’s Reform Bill Update
As the ever evolving Renter’s Reform Bill lingers on the Tories manifesto, the Department for Levelling Up, Housing and Communities is planning to make various amendments to the proposed Bill. These amendments are: 1. All tenancies will be for an initial 6 month term, thereby providing some certainty for both tenants and landlords and establishing […]
Reduce risk with the Tenancy Lifecycle
Follow a relatively simple step by step Property Management process and greatly reduce the risk of problems arising during a tenancy. Step 1 – Choosing the right tenant Some landlords may opt to employ an agent to source a tenant, some may not. Whichever route you go for, be sure to carry out thorough references. […]
How can Ello Property help you?
“Throughout my 20 plus years working as an agent, I have witnessed the increasing pressures facing landlords. I decided to do something to help”. Alfie Rose (Ello’s Founder) Landlords fulfil a critical housing need, yet more and more are deciding to exit the market. A less favourable tax regime, increased borrowing costs and the threat of […]
Licensing – Improving Housing Standards or another Landlord Tax?
In 2015, the Government introduced a General Approval, granting local authorities the ability to establish Selective Licensing schemes. Selective Licensing allows a local council to require every landlord of privately rented housing within a specified area to obtain a license for each property. This initiative is designed to improve housing conditions, tackle anti-social behaviour and […]
Own a Leasehold property? Positive change is on the horizon.
The Leasehold and Freehold Reform Bill, set to become law in the summer of 2024 (at the earliest), aims to improve homeownership for 5 million leaseholders in England. The bill will hopefully reinvigorate investment in leasehold properties thereby fuelling the supply of properties to the private rented sector (PRS). The bill sets to make additions […]
Spring Budget Tax Cuts for Landlords, but is it enough?
In today’s Spring Budget announcement, Jeremy Hunt revealed plans to decrease the higher rate of property Capital Gains Tax from 28% to 24%. Capital Gains Tax is levied on properties when an individual earns a profit from selling a property that is not their primary residence. This tax is applicable when selling various types of properties, […]
Buy-To-Let Mortgage Rates Fall.
Good news for landlords with buy-to-let mortgages – but strike while the iron is hot! Money comparison website ‘Moneyfactscompare.co.uk’ has reported the lowest buy-to-let mortgage rates since September 2022 on both 2- and 5- year fixed term deals. The cost of a 2- year fixed rate buy-to-let dropped to 5.49% in February 2024 with the […]
Good news for Landlords?
As the debate around the Renters (Reform) Bill rages on, the BBC has reported that a series of draft amendments to the bill have been shared with a group of Tory MPs, many of which are rumoured to be landlords themselves. The Renters (Reform) Bill, which had its second parliamentary hearing in October 2023, aims […]