News relating to the private rented sector from both England and Wales, affecting landlords.
PROPOSALS to increase Capital Gains Tax (CGT) would freeze the rental housing market making it less responsive to tenant demand.
The Government will pay for the removal of unsafe cladding for leaseholders in high-rise residential buildings, the Housing Secretary announced today. Robert Jenrick MP confirmed that the cost of replacing unsafe cladding for leaseholders in residential buildings will be fully funded by the Government where the building is 18 metres and over, in England.
The Chancellor needs to end a tax on new homes in the Budget or risk a supply crisis in the rental housing market landlords are warning. The NRLA is calling on the Chancellor to scrap the three per cent stamp duty levy on the purchase of homes to rent where landlords invest in properties that add to the net supply of housing.
Calls for a financial package to tackle the rent debt crisis form the cornerstone of the NRLA submission to the Government ahead of the Budget. With 800 000 renters in rent arrears, and landlords struggling to cover the costs, the NRLAs budget calls focus on the immediate need for financial support for the sector.
There is much debate about the impact of Covid 19 on our mental health, and landlords are no exception. NRLA research revealed 40 per centÂ of landlordsÂ surveyedÂ believe theÂ Covid 19Â pandemic has had a "negative or very negative impact" on their mental health.
The NRLA was referenced multiple times in the House of Lords this week in relation to our continued call for more financial support to help renters pay off rent arrears built due to the pandemic.
The NRLA responds to today's announcement of an extra 50 million pounds of financial support for students in England.
Over the past month, we have been running a series of interactive regional webinars for members to learn more about the Renters Reform Bill and specifically the NRLAs proposals for this.
Due to a last-minute extension on Friday 29 January, landlords can still use a reactivation notice for possession proceedings put on hold due to the closure of the courts in 2020 if they have not already done so.