New requirements for Landlords from the 1st April 2018

New requirement will be for any properties rented out in the private rented sector from the 1st April 2018 . Energy Performance Certificate (EPC) has to be a minimum rating of E. The regulations will come into force for new lets and renewals of tenancies with effect from 1st April 2018 and for all existing tenancies on 1st April 2020. It will be unlawful to rent a property which breaches the requirement, unless there is an applicable exemption.

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Stamp Duty Relief

New buyers were granted a stamp duty exemption in the latest Budget announcement, allowing you to write off Stamp Duty on the first £300,000 of your first home! This means if you are a first-time-buyer, you will save up to £5,000.
Meanwhile those buying homes worth up to £500,000 will pay no stamp duty on the first £300,000.If the property you are buying is worth over £500,000, you will pay the standard rates of Stamp Duty.

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