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Renters rights

Could fewer rental properties be the price of positive action for tenants?

The Renters’ Rights Bill is set to overhaul tenancy laws in England and Wales, promising stronger protections for tenants, including an end to ‘Section 21’ repossessions. Now in its second reading in the House of Lords, the legislation aims to curb unfair evictions, but concerns are growing that it could unintentionally shrink the rental market.
Row of Houses

Changes to Stamp Duty Land Tax in the 2024 Budget

Chancellor Rachel Reeves has unveiled the first Budget of the Labour government. The Chancellor revealed that the rate of Stamp Duty Land Tax (SDLT) payable on the acquisition of additional dwellings (a second home) by individuals, or the purchase of dwellings by companies is to increase. These transactions will now be subject to an additional rate of 5% above the standard residential rates of SDLT, increasing from the previous surcharge of 3%. What is a second property? A second property is a residential property purchased in addition to your main…

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