Britain needs more landlords

Leave the #buytolet market alone - Britain needs more #landlords https://t.co/E6h6w0of5b

— NLA (@nationalandlord) September 6, 2016

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Pre-Burnham - Manchester cue up landlord licensing

Manchester City Council are looking to re-introduce ‘selective licensing schemes’ in specific areas.

The council is considering an initial pilot area of Crumpshall.

A consultation to hear views from local residents and landlords in the Crumpshall area has a closing date for responses of Monday 31 October 2016.

Manchester City Council previous attempt at a landlord licensing scheme was not renewed, but this time around council officials believe that things will be different, stating any landlord licensing will be more focused on 'improving conditions' for tenants.

Andy Burnham has already pledged a clean up of Manchester's Private Rented Sector including the introduction of a landlord licensing scheme covering all of Greater Manchester if he gets elected as the city's mayor in May 2017.

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Law Society slams tax changes

It's not what you do but the way you do it is the essence of the law society objections to the Governments proposals to change the way that buy-to-let landlords are taxed on their income.  Currently, landlords are able to off set the interest they pay on their loans against their rental profits.  The Government are looking at bringing in the Finance Bill to change all this so that landlords will no longer be able to deduct mortgage interest payments against their rental profits.  Instead this will be replace with a tax credit equivalent to the current basic rate of tax of 20%.

Finance Bil changes slammed

The Law Society has recently commented that amendments to the Finance Bill were slipped in at committee stage which potentially sets up a disturbing precedent by avoiding proper scrutiny and consultation.  if the correct procedures are not followed the Government may risk a High Court Challenge however if the contraventions only relate to precedent it is only the sensibilities of the legal profession that may be at risk.  In respect of these legal shortcuts Law Society chief executive Catherine Dixon commented:

'The way these changes were introduced, in particular without consultation on the draft legislation before it was added to the bill at such a late stage, starts to feel like legislation by stealth.
'No matter what the policy proposals, proper consultation and process is vital to maintain public confidence in our democratic institutions.'

To read the Law Societies comments on the Bill

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Where to buy in London

Where to buy in London 2016: the transport upgrades you need to know about https://t.co/Gwxbk5nwgx pic.twitter.com/OiJiBYsJAS

— ES Homes & Property (@HomesProperty) August 31, 2016

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Construction industry shows recovery

Construction industry shows signs of recovery, PMI survey says https://t.co/ArOfwmgs5H

— BBC Business (@BBCBusiness) September 2, 2016

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Landlord threatens tenant over repairs

Asking your landlord for repairs shouldn't provoke threats of violence. But for Dan, it did https://t.co/boAVIhuAfp pic.twitter.com/Vf24mXtZ1l

— Shelter (@Shelter) August 31, 2016

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