Tagged: Local Authority

New changes for the buy to let sector in 2018

buy-to-let

A busy 2017 for the buy to let market saw many lenders, advisers, and their clients adapting to changes in tax relief and the PRA changes on lending to portfolio landlords. This meant staying on top of the latest news and talking to clients about how this might affect their financial plans.

In December 2017 the government announced that it would proceed with extending mandatory property licensing of houses in multiple occupations (HMOs). On 23 January 2018, Housing Minister, Dominic Raab, stated that, subject to Parliamentary approval, the necessary regulations would be brought into force in October 2018.