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- 20th February 2018
The Nottingham City Council has now received approval from the Secretary of State for Communities and Local Government for its new Selective Licensing Scheme for landlords of private rented properties within the Nottingham City boundary. It will take effect from 1st August 2018. For now the Nottingham City Council has announced basic details of the scheme itself and the application requirements. They have also clarified the actions it can take...
- 16th October 2017
The Energy Efficiency (Private Rented Property) (England and Wales) Regulations 2015 established a minimum level of energy efficiency for privately rented properties. The regulations state that from April 2018, landlords of privately rented domestic properties in England or Wales must ensure they reach at least an Energy Performance Certificate (EPC) rating of E before granting a new tenancy to new tenants or renewing an existing tenancy...
- 6th March 2017
Nottingham City Council are proposing to introduce a Selective Licensing Scheme for landlords owning privately rented houses within the City Council boundary. If the scheme is approved then the obtaining of a license for rented properties within the Nottingham City boundary will become mandatory. Landlords will need to apply for a licence for every property they wish to rent to private tenants, at a proposed cost of £600 per property...
- 28th November 2016
On 23rd November 2016, the chancellor Philip Hammond announced that letting agents in England will be banned from charging fees to tenants "as soon as possible". To be precise, item 3.41 Letting Agents Fees of the 2016 Autumn Statement stated "The government will ban letting agent's fees to tenants, to improve competition in the private rental market and give renters greater clarity and control over what they will pay...
- 1st August 2016
The tax relief that landlords of residential properties are entitled to for finance costs is to be restricted to the basic rate of Income Tax. This will be phased in over 4 years from April 2017 and will be fully in place by 6th April 2020. Finance is defined as mortgages, loans, overdrafts and any arrangement fees occurred in arranging these loans. The change affects all UK resident and non-UK resident individuals who rent out residential property...
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