Changes to BTL - but that disnae apply!
The Scottish Association of Landlords is a wonderful resource for landlords and if you have not signed up - £95 per annum - you should certainly consider it. Great articles on a regular basis. This one is about changes to BTL legislation that you may think affects the whole of the UK but in fact only affects England at the moment.
1. EPCs Since 1 April 2018 private rented sector (PRS) properties in England & Wales have had to achieve a minimum energy performance certificate (EPC) rating of E at the point they are let to new tenants. It is not yet a requirement for Scottish PRS properties to adhere to a minimum EPC rating. The Scottish government has plans to introduce a similar requirement in Scotland from 2020. You can read more about this here.
2. Right to Rent All private landlords in England have been required to check new tenants have the right to live in the UK since 1 February 2016. This requirement has not yet been implemented in Scotland. If it is implemented in the future then landlords will need to obtain paperwork to prove that all their prospective tenants are entitled to live in the UK, not just those that they believe aren’t UK citizens. In June 2018, the High Court gave permission to the Joint Council for the Welfare of Immigrants to proceed with a legal challenge against the Right to Rent policy on the basis that it is discriminatory. The hearing of the High Court challenge will be held on 18 and 19 December 2018.
3.Deposits The Westminster (UK) government is planning to place a cap of 5 weeks’ rent on the amount a landlord can ask for as a deposit in England. At the moment there is no cap on how much landlords can ask for as a deposit in England. In Scotland there has been a cap of the equivalent of 2 months’ rent since 1984 and there are no plans at the moment to reduce that amount.