15 key dates for landlords in 2019

Earning an income from buy to let involves more than simply sitting back and watching the rent roll in. Changes in private rented sector regulation, tenancy disputes, maintenance issues, tax calculations and more combine to make being a landlord more challenging than it can sometimes look from the outside.

Every year brings additional changes to legislation, taxation and the wider property market that landlords must stay on top of – but how can you make sure you’re up to date with everything you need to know?

To help you out, here are 15 key dates for the 2019 calendar that every landlord should be aware of.

 

1. Consultation ends January 22nd: New housing court

This could be the year when it becomes easier for both landlords and tenants to pursue cases  against each other, with a government consultation on a new housing court set to end on January 22nd. The creation of a brand new, specialist court would create a single vehicle through which to resolve disputes and enforce rights – as opposed to the current system, which allows landlords and tenants to pursue cases via multiple court types. Removing the complexity of the legacy system aims to help make the process more efficient.

 

2. February 28th: ‘The Diversification of Build to Rent’ conference

This year’s Build to Rent Forum London will be less London-centric than before, offering the capital’s property owners the opportunity to learn much from the rest of the UK. The one-day event will cover topics including how the latest models are working, whether there is a case for rent regulation, and the barriers to the build to rent market. If you’re interested in the build to rent marketplace, it’s definitely one for the diary.

Get a landlord insurance quote

Get a quote online in under 4 minutes

3. March 20th: Homes (Fitness for Human Habitation) Act 2018 comes into force

Replacing the existing fitness for human habitation clauses in the Landlord and Tenant Act 1985, this new legislation will apply to all human habitation tenancies lasting up to seven years. Essentially, it exists to protect tenants and ensure their property is fit for purpose – and allows them to take legal action should this not be the case. Read a summary here.

 

4. March 21st: National Landlord Investment Show

The London Olympia show is one of many dates for this touring residential property investment exhibition (find the full tour route online here). The largest show of its kind in the UK, the National Landlord Investment Show offers the chance to meet top suppliers, get expert advice, network, and stay up-to-date with industry developments.

Get a landlord insurance quote

Get a quote online in under 4 minutes

5. March 29th: Brexit

While the ins and outs of Brexit have yet to be finalised, it is a landmark date in the calendar for the UK.

Brexit could bring about changes in regulations for overseas buy to let (BTL) property investors, it could also mean greater challenges for foreign tenants looking to rent a property. Time will tell…

Brexit blog flag image

6. April (and onwards): Further changes to mortgage interest tax relief

The phasing in of new buy to let mortgage tax relief laws continues over the next few years, with landlords having been required to change the way they declare rental income since April 2017.

This has led to increased tax bills – and the rise is set to continue. In the 2019-2020 tax year, landlords will only be able to claim 25 per cent mortgage tax relief, down from 50 per cent the year before.