Search Results for: hmo
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Latest property news
Brighton leads campaign to charge landlords business rates
Agents with landlord clients operating HMOs beware – Brighton and Hove Council is urging the government to treat them as enterprises and enable councils to charge business rates on their ‘premises’. The city’s Labour administration has just announced that it is preparing to write to the government to introduce such measures as it struggles to finance the policing of its huge HMO property market, which is driven largely by the city’s 30,00-strong student population. Business rates last year brought in in £2.7 billion for the government, according to the Office for Budget Responsibility, which means the average charge was £1,516 for each of the UK’s 1.8 million eligible premises. According to Brighton and Hove’s Labour group a new levy would create a level taxation playing field for HMOs with hotels, self-catering holiday homes and short-term lets while helping to control the city’s vast HMO market of more than 15,000 properties. A Labour party spokesperson told The Evening Argus that the support of rival political parties in the area would be sought before presenting the proposals to central government. The chances of that happening look relatively slim, though. Conservative group leader Geoffrey Theobald believes landlords will pass the extra costs on to tenants,…
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Features
Will resi rise?
Property investment doesn’t appear to be the safe house that it used to be, says Andrea Kirkby, but is it still a better bet than other options?
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Professional Cribs
Described as ‘professional house share done properly’ is delivered by the team behind Student Cribs, which has built a portfolio of 180 houses in 12 university towns since it launched in 2002.
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Latest property news
Stamp out slum landlords!
A new report from Multi-Let UK, an HMO investment and management company, states that 70 per cent of HMO investors want the authorities to crack down on HMO landlords who are abusing the law; 52 per cent want local councils to make more inspections to identify HMOs that are not up to standard and 73 per cent believe that slum landlords are giving HMOs a poor reputation. Findings from the Citizens Advice Bureau (CAB), show that private landlords are taking £5.6bn in rent on homes that ‘don’t meet legal standards’ and 740,000 families are living in homes that present a severe threat to the occupants’ health; while Shelter says that 250,000 people live in accommodation that is unfit for human habitation, or where the landlord exploits or harasses them. Figures from the Residential Landlords Association show that 2,006 landlords were convicted between 2007-2015, with the average fine standing at £1,500. Daniel Hill, MD of Multi- Let UK said, “In many areas there are HMO landlords providing poor quality accommodation which fails to meet the statutory requirements, putting tenants’ wellbeing and potentially lives at risk. “The good news is that the majority of HMO landlords are taking a proactive approach and…
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Cut Stamp Duty in half!
Government policies on landlord taxation aren’t helping tenants and the 3 per cent surcharge on buy-to-let purchase will cause even more misery.
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Wembley rogue landlord jailed
Rehan Sheilkh sentenced to four months imprisonment plus costs and compensation for illegally evicting tenants.
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Features
My time at the top
Peter Rollings famously helped steer Foxtons and more recently Marsh & Parsons to phenomenal success. Nigel Lewis meets him as he looks back on his career.
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Exciting, energised and on the edge
Joanne Christie visits KINGSTON UPON HULL, UK City of Culture 2017
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