Legal & Regulations

Making Tax Digital: A Timeline for London Landlords on the Upcoming Changes

Did you know that HMRC plans to introduce new rules on how landlords file their tax returns? Here’s an update on what these changes involve and a timeline for when they’ll come into force. Making Tax Digital (MTD) is an initiative designed to streamline the tax system by fully digitising it. As MTD has been mooted for quite some time and its implementation delayed twice already, you may have...

Renters Reform Bill: An Update for London Landlords

After years in the making, it looks like the Renters Reform Bill – the biggest shake-up of the private rental sector in decades – will become a reality in 2024. So, how much do you know about this wide-reaching set of proposals, and are you ready for them? Be prepared Perhaps you’ve read a few articles about the bill but have put off getting to grips with the details (after all, politicians put...

This Free Service Could Help Stop Fraudsters Targeting Your London Property

The expression ‘safe as houses’ has been used for almost two centuries to describe something that is rock-solid and risk-free. But thanks to the elaborate efforts of a small but growing number of fraudsters, not even property is as safe as you think. Since the pandemic, there’s been a steady increase in what’s known as Title Fraud or House Hijacking. This crime involves an elaborate ruse...

Key Findings from the Renters Reform Bill Second Reading

The UK property landscape is evolving, and with the Renters Reform Bill having its second reading, it's crucial for landlords to stay informed. The bill aims to balance the scales, providing security for renters and assurance for landlords. Here's what you need to know: Key Changes Proposed by the Bill End of 'No Fault' Evictions: The bill proposes to abolish Section 21, ending 'no fault' evictions...

How Government Plans May Be Good News for London Landlords 

Over the last few years, landlords have faced many changes. Tax reforms, rental reforms and energy efficiency measures have meant renting out properties is more complex (and expensive) than ever. But with changes to Government plans announced last Wednesday, is good news on the horizon?   Last week, controversial (and costly plans) for improved EPC targets by 2025 were scrapped by Prime Minister Rishi...

Understanding the Building Safety Act 2022

The Building Safety Act 2022 (BSA 2022) is an extensive piece of legislation. It includes the following provisions: Potential limitation of a flat owner’s liability towards building safety remediation costs. Requirements for the registration of all buildings more than 18 metres in height or more than seven storeys on a national register. Creation of a Building Safety Regulator with...

A Quick Guide To Freeholds And Leaseholds In London

If you’re new to the property market, learning the lingo is essential. There are lots of legal and financial terms you need to get your head around and lots of research to be done. Two terms that you need to be familiar with are ‘freehold’ and ‘leasehold’. This quick read explains what each one means and why they are important.  What is a freehold property?  When you buy a freehold...

What Does The Rental Reform White Paper Mean For Landlords

What Does the Rental Reform White Paper Mean for Landlords?A 3-minute read. And as if from nowhere, the white paper on the reform of the PRS lands. Not due until later in the year, the cynics amongst us might think the government might be trying to divert attention from other matters. All the same, the clarity the release of the white paper brings is welcome, but we are still some way from any actual...

No Sadiq Rent Controls Are Not The Answer

Housing, and therefore housing policy, affects us all. We’ve witnessed another spring statement that has done nothing to address the housing crisis gripping London and the rest of the UK. I may own a central London estate agency now, but my roots are firmly in the social housing sector, having been born and raised on a council estate. So unlike those in power and many commentators discussing housing, I...

MyLondonHome Are Excited To Announce The Launch Of Our HMO Compliance Portal

Do you know what HMO licence you need when letting your property? In the last few months, new Selective and Additional licence schemes have been launched in Southwark, Lewisham, Westminster and Lambeth, and it is likely that more local authorities will follow suit in the near future. With the licencing landscape constantly changing, and new schemes for Aditional and Selective Licences popping up all over...

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