Industry expert says scrapping of Section 21 could take years
Paul Shamplina - Head of Property for Hamilton Fraser and founder of Landlord Action, and also the star of the Channel 5 show Evicted! Nightmare Tenants - says 2022 will see at last the government’s plans to end S21 powers for landlords.
However, it will first appear in a long-promised White Paper and then take substantial consultation and legislation.
2022 to see interest rate rises
The Bank of England has raised interest rates for the first time in more than three years, in response to calls to tackle surging price rises.
The increase to 0.25 per cent from 0.1 per cent followed data this week that showed prices climbing at the fastest pace for 10 years. It has allayed concerns that people would spend less because of the Omicron variant which would in turn slow the economy.
Government announces it’s 'as you were’ on Capital Gains Tax – for now
Current Capital Gains Tax process will stay as it is for the time being as the government's HM Treasury responds in letter to the OTS.
The Office of Tax Simplification has been lobbying for the past 18 months with recommendations on how the implementation of the Capital Gains Tax could be improved, such as increasing CGT rates closer to those for income tax and lowering the CGT allowance.
Tenants worry about paying rent and energy bills says research
According to a recent study by Smart Energy GB, around two thirds of tenants believe they could find it difficult to meet the cost of energy bills this winter, while almost the same number say the same when paying the rent on their homes
Tenants would pay more for eco-efficient homes says study
According to a recent survey many tenants would be willing to pay more for greener homes.
The survey by Lettingaproperty saw 98 per cent of respondents reveal that they would prefer a home optimised to increase energy efficiency, reduce energy costs and minimise environmental impact.