Welfare Minister Lord Freud has pledged to look at the problems caused by tenants who refuse to pay their landlords and “play the system” to live rent free.
Speaking at the British Property Federation’s Residential Conference, Lord Freud said government would consider landlords’ concerns over issues around tenant debt.
Figures last month revealed that £276 million of rent went unpaid in the private rented sector in December alone. Continue reading Minister pledges to help with housing benefit rent arrears
Buy to let landlords are on a collision course with the government as most are determined to defy pleas to reduce their rents in line with proposed cuts for tenants on benefits. Continue reading Landlords refuse to cut rents for benefit tenants
Landlords can have a say about government reforms on local housing benefit for private tenants by taking up an invitation from the Residential Landlords Association (RLA).
The RLA has sent out a plea to thousands of members to participate in an online survey. Continue reading Have your say when MPs debate housing benefit reform
Despite employing researchers, analysts and economists to filter and interpret vast amounts of housing data, the secrets finally out – the government picks up figures about the buy to let market from an advertising web site. Continue reading Civil servants source buy to let data on advertising web site
Tenants struggling to pay rent arrears to buy to let landlords have rocketed by 20% in a year, according to the Citizen’s Advice Bureaux (CAB).
The free access advice centres across England and Wales dealt with 20 rent arrears inquiries every day during the three months ending September 30. Continue reading Buy to let rent arrears up 20%, say advice watchdogs
Buy to let lending has risen by 12% supported by ongoing demand for rental property fuelled by potential homeowners who have to rent because they cannot buy.
There were 26,900 buy to let loans worth £2.8 billion advanced in the three months ending September 30, according to the latest figures from the Council of Mortgage Lenders (CML). Continue reading CML reports that buy to let mortgage lending is up 12%
The new universal credit for housing costs may still leave private landlords out on a limb over rent payments.
The proposed new rules will replace local housing allowance with a housing cost element of the universal credit system.
But the outline proposals are not clear over who gets the payment – the landlord or the tenant. Continue reading Will landlords benefit from universal credit?
Landlords are in the firing line of a new HM Revenue and Customs charge to collect unpaid tax.
HMRC is looking at 20 million cases dating back to 2004 where the taxman suspects tax is owed.
Special task forces to tackle problems in specific sectors are working through the cases – for instance the recent ‘amnesties’ for savers with cash in offshore accounts and high-earning doctors. Continue reading HMRC task force chases landlords for unpaid tax
The row over cutting housing benefits for tenants in private rented homes is rumbling on as the government is accused of fiddling the figures to make landlords look bad.
Two landlord lobby groups are taking welfare reform minister Lord Freud to task over his comments about private landlords. Continue reading Landlords blamed for spiralling housing benefit bill
More and more investors and landlords who have not owned up about their property profits are under scrutiny from the taxman.
The first indication you are under investigation for unpaid tax is often a benign ‘compliance check’ letter through the door. Continue reading Handling a property tax compliance investigation or “compliance check”. Our specialist tax and accountancy partner provides useful insight and guidance