News Archive November 2022

Home News November 2022

Autumn Statement - Bad News For Landlords and Tenants?

29th November 2022 Rooms For Let

Chancellor Jeremy Hunts’ Autumn Statement has been much anticipated, not least by the Private Rental Sector and Landlords in general.

With many hoping for some good news with measures set to ease the financial pressure on Landlords, it was disappointing to see that little help was provided. With the introduction of Section 24 back in 2015, increasing the tax burden on buy-to-let income, many opted to set up Limited Companies to benefit from some relief and transfer rental properties in to that entity.

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Interest Rates May Have Peaked, Good News For Landlords?

23rd November 2022 Rooms For Let
Mortgage interest rates have been a hot topic in recent months and a major worry for home owners, buyer and Buy-to-Let landlords alike with Bank of England raising base rates to 3% on November 3rd 2022. The rate has steadily increased from an all time low of just 0.1% during the Covid pandemic.

With increases in the Bank of England base rates and turmoil in the UK financial markets, we saw many mortgage products removed and interest rates hikes for new and remaining products.

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Landlords Looking to Sell

14th November 2022 Rooms For Let

Turbulence, extra regulation, higher interest rates, changes to tax rules and other aspects are having a major impact on the Private Rental Sector.

As available rental stock drops and rents increase, it has been claimed that over 25% of landlords or buy to let property owners are looking to sell in the near future. This claim comes from research carried out by It also shows that a larger percentage of buy to let landlords will increase rets over the coming months.

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Hint at Cash Help for Tenants

7th November 2022 Rooms For Let

With many people struggling with the cost-of-living crisis, Michael Gove has hinted there may be some help on the way, stating there may be 'targeted support' for families and others who are struggling. While there was little more detail when discussing the situation on the Sunday With Laura Kuensberg programme, there was the hint of 'some' help and that there were a range of options being considered.

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Buy To Let Stamp Duty Exemption

5th November 2022 Rooms For Let

The government has been urged on many occasions to scrap the stamp duty surcharge for landlords currently standing at 3%.

During 2022 we have seen a large fall in the number of available rental properties compared to previous years and more people looking per property than ever before. This has meant rent prices have increased substantially over recent months.

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