With the General Election just two weeks away, it’s a good time to review the Housing Policy in the 2024 election proposed by the Conservative and Labour parties. Both parties recognise the key issues facing the UK housing market, but their approaches differ significantly. New Homes Both parties aim to help first-time buyers through schemes […]
Category: Legislation
Renters Reform Bill abandoned. Leasehold & Freehold Reform Act now law.
The sudden announcement by Prime Minister Rishi Sunak that a General Election will be held on July 4th has caused significant upheaval in the legislative landscape. Among the casualties is the Renters Reform Bill, which has been abandoned for now due to its failure to progress through Parliament’s ‘wash-up’ process before its dissolution. The bill’s […]
What will the General Election mean for the Renters Reform Bill?
With a General Election set to take place on July 4th we look at what the outcome might mean for the property market. Renters Reform Bill The Renters Reform Bill, a topic of intense debate over the years, is currently navigating its way through Parliament. With the general election on the horizon, many are wondering […]
Leasehold & Freehold Reform Bill Update
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 […]
“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 […]
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, […]
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 […]
What is Right to Rent?
What is Right to Rent and how does it affect you as a landlord? The Right to Rent regulation was brought in by the Immigration Act 2014. It requires that all landlords with privately rented properties in England confirm that tenants renting their properties are legally permitted to live in the UK. Failure to comply […]