Latest News

Ex-Housing Minister calls for changes to landlords Capital Gains Tax

18 April 2019

Former Housing Minister, Dominic Raab has called for Capital Gains Tax (CGT) for landlords to be scrapped on properties up to £35,000 where they have sold the property on to a sitting tenant. Read More...

Bristol City Council to lead on lettings enforcement

18 April 2019

Bristol City Council has been announced as the Lead Enforcement Authority for letting agents operating in England. The new Lead Enforcement Authority follows its counterpart for UK-wide estate agency, which is headed by Powys County Council. Read More...

Government consult on extending AML rules to lettings

16 April 2019

On 15 April 2019, the UK Government launched a consultation on extending the anti-money laundering rules to cover letting agents as set out in the Fifth Money Laundering Directive (5MLD). Read More...

Mayor pushes for rent controls

Thursday 24 January 2019

The Mayor of London, Sadiq Khan, yesterday announced that he will develop a new blueprint for stabilising private rents in the capital.

Khan has long argued that national Government should radically overhaul the laws for private renters which he believes are unfit for purpose, however the Mayor has no powers to implement rent control himself.

The Mayor has invited Karen Buck, Labour MP for Westminster North, to work with his Deputy Mayor for Housing, James Murray to develop proposals for rent stabilisation laws with the aim of making private sector rents genuinely affordable to more Londoners, whilst at the same time protecting new supply and investment.

ARLA Propertymark is currently seeking a meeting with Karen Buck MP regarding draft legislation on holiday lets and will raise this issue. We will be making the point that rent controls do not work. They hit hardest those that they are designed to help the most, and political parties advocating such systems have failed to learn the lessons of history. The last time rent controls existed in this country, the private rented sector (PRS) shrunk from 90 per cent to seven per cent.

At a time of demand for PRS homes massively outstripping supply, rent controls will cause the sector to shrink. In turn, this means professional landlords will only take the very best tenants, and the vulnerable and low-income people that rent controls are designed to help, will be forced into the hands of rogue and criminal operators, who may exploit them

The Mayor's announcement goes alongside proposals that Khan has been developing to end Section 21 and introduce a right for renters to open-ended tenancies, whilst taking steps to ensure landlords can regain possession when they have a legitimate reason.