1st May is Renters Rights Bill Day
Last week the government announced that their flagship Renters Rights Bill would become law 1st May 2026.
The threat of this bill has seen many landlords look to exit the market over the last 24 months reducing rental property stock and forcing up rents. This has exaggerated an acute lack of rental accommodation and coupled with higher interest rates, many landlords have opted to move their investment to the stock market, pensions or safer investments now giving higher tax free yields such as premium bonds.
However, there are causes to be optimistic for landlords with lots of quality tenants looking to rent, higher rents being achieved due to lack of availability and interest rates for buy to let borrowing gently falling.
The bill amongst other things will ban section 21 no fault evictions, extend the time tenants have to pay back arrears before being evicted and make it far easier for tenants to keep pets. Taking rent upfront and rent bidding over the asking price will also be outlawed.
If you are currently renting a property that you manage you manage yourself and are thinking of instructing an agent, give us a call today on 01493 849111. Or if you are looking to buy rental property call us today so we can advise you further.
WE ARE HIRING!!!
Due to our Lowestoft offices huge increase in business we are looking to add to the fantastic team!
We require full time and part time negotiators to join our team!
This role will involve dealing with enquiries in the office, booking viewings, dealing with property offers, carrying out viewings and dropping leaflets!
Experience not essential but an advantage. Training can be given. But you must be energetic, keen to learn and be part of a thriving and successful team.
Own car essential. Roles will include working every or alternate Saturdays 9am to 3pm
Interested? Email your CV to This email address is being protected from spambots. You need JavaScript enabled to view it.
Making Tax Digital, the impact for Landlords
Making Tax Digital is yet another government initiative. It requires landlords with income over £50,000 from April 2026, to keep digital records and submit quarterly updates to HMRC with the help of compatible software (such as Quickbooks).
The aim of the scheme is to make tax filing easier as well as improving accuracy, with the final tax declaration submitted at the end of the accounting period.
This will apply to Landlords with income over £50,000 (from April 2026), over £30,000 (from April 2027) or over £20,000 (from April 2028). This includes submitting quarterly reports to HMRC, keeping digital records, and providing an end-of-year return after the end of the current tax year.
The £50,000, £30,000 and £20,000 threshold figures are rental income and do not including PAYE earnings.
Aldreds would always recommend to plan ahead, be prepared by obtaining good tax advice from reputable and fully qualified Accountants for all your tax requirements.
Promotions at Aldreds!
Congratulations to Louis Sansom Williams and absolute star in our Gorleston office who has been promoted to Senior Negotiator.
Louis joined us in 2023. Literally finished his education on a Friday and started on Monday!
His enthusiasm and can do attitude have got many a precarious sale over the line. He has so many 5 star reviews Google should be offering him shares.
Congratulations Louis and keep up the good work
Hemsby – A great place to live.
Hemsby has become known in part for coastal erosion and tragedy this has caused to homeowners over the last few year.
However, only a very small part of the village is subject to erosion with much of the village situated way to the west away from the beach where a lot of land is taken up by the holiday industry.
The village has a lot to offer with independent shops & cafes and array of restaurants available to locals. There are also public houses, an independent butchers and a local school in the village. Great Yarmouth is only a few miles away, the centre of Norwich can be reached by car in around 45 minutes, and the Norfolk Broads is on your doorstep.
Properties available range from holiday chalets, small affordable starter properties, bungalows and large executive properties meaning there is something for all sized families and budgets.
If you are considering a move to the Norfolk area, give Hemsby a look. It is a real gem.
