Articles by Sally Walmsley
NRLA training has added two new courses to its offering this new year, shining a spotlight on renovations and property auctions. The two courses have been devised by Henry Davis MBA a property trader of over 30 years and offer practical advice on both buying properties and getting them ready for tenants.
A new scheme being brought in this spring will ban banks and landlords from chasing tenants for unpaid debts, by offering them a period of time to try to find a solution to their financial problems.
The eviction ban in England has been extended for six weeks, in a move described as a 'sticking plaster' by landlords. Current restrictions were due to end on Monday. The NRLA says the move will do nothing to support landlords and tenants long term and what is needed is a comprehensive financial package, to allow tenants to continue to pay their rent without building unmanageable debt.
With England plunged into a new national lockdown landlords will be relieved to know, for the moment at least, there have been no new announcements that will directly impact the PRS. However a word of warning, there are likely to be further changes in the coming weeks, so be prepared.
More than half of private landlords have lost rental income as a result of the COVID-19 pandemic, according to new research published today. A third of landlords have also indicated that they were now more likely to either leave the market entirely or sell some of their properties.
It's fair to say most of us will be glad to see the back of 2020. However, a vaccine being rolled out and more on the horizon, the new year, for many, represents a new start and the hope of better things to come. While it is difficult to make predictions at any time, in the midst of a global pandemic, it's almost impossible. But with the new year just a couple of weeks away we have asked industry experts what they expect to see happen in the sector in 2021.
Vital rental homes could be lost if ambitious new energy efficiency rules are brought in by the Government, the NRLA has warned. While the association backs plans to reduce carbon in homes and improve energy efficiency in the sector, it says landlords will need support or they could take properties off the rental market altogether. It is now asking for a financial package for those landlords facing the biggest challenges.
Landlord transaction tax in Wales on residential homes will be increased by 1% as of tomorrow, following an announcement by the Welsh Government.
In the draft budget today the Welsh Government announced changes to the higher residential rates, and non-residential rates and bands, of Land Transaction Tax (LTT) â€“ the equivalent of stamp duty in England.
Private landlords have been giving more help to tenants who cannot pay their rent as a result of Covid than those in the social sector according to the English Housing Survey, published today.
NRLA Chief Executive Ben Beadle has called for a comprehensive package of financial support for the private rented sector while giving evidence to the Housing, Communities & Local Government Select Committee.