Tag Archives: National Landlords Association (NLA)

Most tenants say they are happy with their landlord

When asked if they are happy with their landlord, 80% of tenants told researchers that they were. In the survey undertaken by Paragon Mortgages, the tenants also revealed their fears that their landlord may end their tenancy for nearly half of them much sooner than their agreement runs for. Three quarters of tenants said they were renting a property because they could not afford to buy a house and 40% said they have no plans whatsoever to buy property and were resigned to living in private rental accommodation. The managing director of Paragon, John Heron, said: “The survey reveals that for many people, living in private rented accommodation is increasingly attractive for the long term. “This reflects the issue of affordability in housing however best practice and competition are pushing up standards for tenants.” He added that their survey has also revealed how important the UK’s private rented sector is to the housing market but it still needs to mature before catching up with its European counterparts. Tenants satisfied with affordability and standards   Mr Heron said: “There is room for growth in the sector with tenants satisfied with affordability and standards.” The survey revealed that the average length of […]

Nearly half of landlords hit by tax change

The National Landlords’ Association (NLA) has revealed that 47% of landlords will be hit when the annual wear and tear allowance is removed from next year. The move was announced by the Chancellor, George Osborne, in his latest Budget for the allowance to be removed and instead landlords will have to claim for the actual costs they have incurred when replacing furnishings. Currently landlords can claim 10% of their rental income against tax for ‘wear and tear’ regardless of whether they actually spent any money on replacement items. The new rules cover furniture, kitchenware and appliances provided for tenants which will also include fridges, televisions, carpets, curtains and crockery among other items. The head of policy at the NLA, Chris Norris, said: “We understand landlords’ frustration who let exclusively furnished properties since the allowance removal will represent a reduction in the relief claimed. “However, the change will be welcome for those landlords who let a mixed portfolio of part furnished or unfurnished properties since they will be able to deduct their legitimate expenses.” NLA welcomes new tax proposals for landlords   He added that the NLA is welcoming the new tax proposals because it brings about a fairer system for […]

National Landlords Association

The National Landlords Association (NLA) is an independent lobby group and discount services provider for landlords, letting agents and tenants.