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Reform UK says it will abolish section 24 for landlords

Among the promises being made by Reform UK to boost the UK’s private rented sector (PRS) is a pledge to abolish section 24 in its first 100 days in office.

Section 24 was introduced in the Finance Act 2015 by the then Chancellor George Osbourne which removed a landlord’s ability to offset all of their mortgage interest

BTL mortgage rates dropped by CHL and Landbay

Two buy to let lenders have revealed a raft of new rates for BTL mortgages.

First up is specialist BTL lender CHL Mortgages which has revamped its buy to let product range, including significantly lowering rates and introducing new criteria for landlords.

Side Extension and Minimum Space requirements?

Hello everyone, I recently had a side extension built next to our main home.

It has its own front and back door and there are no doors between our property and the new building.

It’s one room and is self-contained

Foxtons says London’s PRS is returning to ‘normal’

The London lettings market is returning to a ‘normalised’ with a rise in property listings, according to Foxtons.

The firm’s data shows a big rise in property listings in May compared to April (36%) – which is 10% higher than last year.

A bit of a mystery – tenant still paying rent has moved out?

I have discovered that, although my tenants are still paying their rent to me in full, they moved out of the house some weeks ago and are now living in a chalet in a nearby holiday park.

They have been my tenants for the last six years

UK housing market remains stable despite election uncertainty

The UK’s housing market is showing resilience despite the upcoming General Election with the average price now £375,110 – a drop of just £21 on May’s figure.

That’s according to Rightmove which adds that the minor adjustment mirrors the typical seasonal trajectory seen in previous years.

Non payment of service charge?

Hi, I live in a small block of flats (6), with six individual owners on the outskirts of Glasgow.

The communal charge is low, at £30 a month, but only 5 owners are paying. The non-payer is a lawyer who says he is under no legal obligation to pay the service charge.

Labour abolishing Section 21 from day one?

“Abolish Section 21 from day one” I’m assuming Labour would use ‘COVID style special powers’ to do this, as primary legislation would take us into next year.

Question – would abolishing, include cases where the S21 legal process has already been started?

Ending a Tenancy – How to Give Notice Correctly

One of the most common questions landlords ask is how to give notice to end a tenancy. To address this, I’ve crafted this article to explore the various scenarios under which a standard Assured Shorthold Tenancy (AST) may be terminated and to outline the correct processes for each situation.

iHowz manifesto: rent-free proposal and tax fairness for landlords

A landlord organisation has released a manifesto outlining 14 recommendations including a bold reform for Section 21.

ihowz says the recommendations aim to create a fair and efficient rental market that works for landlords and tenants.

Recommendations include fair taxation for landlords and training for landlords and tenants.