The Landlord Struggle

Are you a landlord who is struggling to keep up with recent reforms? Well according to the latest survey conducted by Market Financial Solutions you're not alone with many landlords feeling they can’t keep pace with the changes.

According to the study 40% of landlords didn't understand the changes made to homes in multiple occupation licensing which came into effect in October 2018. This misunderstanding of the change was recently brought to light with news of the ‘Leeds Five Generation Rent’.

When it came the proposed abolition of section 21, 28% were not aware of this which was announced last month and aims to prevent unfair tenant evictions. 27% are unsure about the tenants fee ban with another 19% not understanding the effect it will have on them.

On taxes, a quarter of landlords were unaware of the changes affecting tax relief on mortgage repayments which came into effect in April.

The somewhat unsurprising thing to come out of this survey is that more landlords are against these reforms than for them.

44% are against banning of letting fees, compared to 23% for. Similarly, landlords were against the abolition of Section 21 (37% against) and the changes to buy-to-let mortgage relief (48% against)

This stands to show that landlords need to keep their ear to the ground with more and more changes coming through.

If you have any questions or need any information about recent and upcoming changes to the letting market, please pop in or call to speak to one of our rental experts

You’re in safe hands

Trust our team of local experts to provide the best advice on a wide range of legal and financial issues whenever you’re facing a life change and need the best support.

0800 389 2939

Our team are available, 8am-7pm Monday to Thursday, 8am-6pm Friday & 9am-1pm Saturday

Find Your BranchMEET THE TEAM

She'll be glad you planned ahead

Organising your finances today, while planning for the future can be a challenge. We’ll put the kettle on – and take the pressure off.

GET EXPERT FINANCIAL ADVICE

You'll know when it's time to talk

From making a will, to matters of business law our qualified solicitors can offer advice and guidance. Pop in for a chat or call us to make your free appointment.

GET EXPERT LEGAL ADVICE

Sign up for our newsletter

Your details

No charge. Cancel anytime. We value your privacy and will not share your details.

© Poole Townsend 2017 - 2019. All rights reserved.
Poole Townsend solicitors Ltd (Company no:10964550) is a company registered in England and Wales with its registered office at 69-75 Duke Street, Barrow in Furness, LA14 1RP. A list of directors is available at the registered office address. Authorised and regulated by the Solicitors Regulation Authority number 647087. We are independent financial advisers authorised and regulated by the Financial Conduct Authority. VAT registration number :154365563

Poole Townsend Estates Ltd. (Company No: 10960705) is a company registered in England and Wales with its registered office at 69-75 Duke Street, Barrow in Furness LA14 1RP. A list of directors is available at the registered office address. Regulated by the Council of Licensed Conveyancers to provide Conveyancing services. (Firm no: 3438) VAT registration number 288092466. Our Estate Agency is a member of the Property Ombudsman scheme.

Professional Indemnity Insurance – please contact Martin Oates at the address above if you require details of cover held

Registered with the Information Commissioners Office for data protection purposes (ICO No: Z5054999)
close

Book Your Free Valuation

Fill out the form below and we'll get in touch to arrange your free valuation.

Your Details

We value your privacy and will not share your details.

Top