Industry news
What do landlords need to know about the new lockdown?
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 landlords lose rental income due to Covid-19
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.
Expert predictions as the new year approaches
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.
Rental homes could be lost without energy efficiency cash
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.
More than 800,000 renters in arrears due to Covid
Over 800,000 private renters in England and Wales have built rent arrears since lockdown measures began according to estimates from new research published today.
Welsh landlords hit with new tax hike
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) – the equivalent of stamp duty in England.
Brexit and Right to Rent: What landlords need to know
Ahead of the 31 December 2020, we wanted to remind members that Government guidance states that private landlords will need to carry out Right to Rent checks in the same way they do at present, until June 2021.
Private landlords giving more support to tenants than social sector
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 launches new Article 4 toolkit
A new toolkit to help landlords understand and respond to local Article 4 direction proposals has been launched exclusively for NRLA members.
NRLA calls for financial support for landlords and tenants in Select Committee session
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.
