The Bank's governor, Mark Carney, said he was concerned about high levels of lending to landlords and that the Bank would take action.
"There are a number of things happening ... we are watching it closely and we will take action," he told the FT.
Mr Carney said the problem was that investors might sell their properties at the same time if house prices fell.
In September, the Bank's Financial Policy Committee (FPC) made a similar warning about the buy-to-let market.
The committee, which is led by Mr Carney, said the growing market posed a threat to the UK's financial stability.
A home financier has received a 13-year bankruptcy restriction order for breaching Financial Conduct Authority (FCA) regulations, after being fined nearly £1m in 2013. ...
Whilst there was a clear rationale for introducing mandatory licensing in 2006 to cover larger HMOs, over the last decade the nature of the HMO market in England has changed. With a larger student population in the private rented sector and more families, foreign nationals, illegal immigrants and vulnerable people living in the sector, it is an increasing priority to ensure smaller HMOs are adequately protected and properly managed.
Read all about the proposals here...
This forms part of the Spending Review and Autumn Statement 2015
The link below comprises of a collection of supporting documents for Finance Bill 2016. The Finance Bill is the vehicle for renewing annual taxes, delivering new tax proposals and maintaining administration of the tax system.
You can read all about it here
Higher rates of SDLT will be charged on purchases of additional residential properties (above £40,000), such as buy to let properties and second homes, from 1 April 2016.
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Autumn Statement and Spending Review 2015: George Osborne scraps tax credit cuts and ends age of austerity
In the first Autumn Statement of the current Conservative government the Chancellor has made two unexpected u-turns while ramping up spending on roads and rail ...
Telegraph Money has developed a sophisticated buy-to-let tax calculator to help you assess the impact of new taxes on your property investments ...
Duties of relevant landlord in relation to prescribed alarms
4.—(1) A relevant landlord in respect of a specified tenancy must ensure that--
(a)during any period beginning on or after 1st October 2015 when the premises are occupied under the tenancy--
(i)a smoke alarm is equipped on each storey of the premises on which there is a room used wholly or partly as living accommodation;
(ii)a carbon monoxide alarm is equipped in any room of the premises which is used wholly or partly as living accommodation and contains a solid fuel burning combustion appliance; and
(b)checks are made by or on behalf of the landlord to ensure that each prescribed alarm is in proper working order on the day the tenancy begins if it is a new tenancy.
(2) For the purposes of paragraph (1)(a), a bathroom or lavatory is to be treated as a room used as living accommodation.
(3) For the purposes of paragraph (1)(b), a tenancy begins on the day on which, under the terms of the tenancy, the tenant is entitled to possession under that tenancy.
(4) In this regulation--
“new tenancy” means a tenancy granted on or after 1st October 2015, but does not include--
(a)a tenancy granted in pursuance of an agreement entered into before that date;
(b)a periodic shorthold tenancy which arises under section 5 of the Housing Act 1988(1) on the coming to an end of a fixed term shorthold tenancy;
(c)a tenancy which comes into being on the coming to an end of an earlier tenancy, under which, on its coming into being--
(i)the landlord and tenant are the same as under the earlier tenancy as at its coming to an end; and
(ii)the premises let are the same or substantially the same as those let under the earlier tenancy as at that time;
“room” includes a hall or landing; and
“shorthold tenancy” means an assured shorthold tenancy within the meaning of Chapter 2 of Part 1 of the Housing Act 1988.
Download the legislation here
From 1st October 2015 for new tenancies starting on or after that date. Landlords will now have to provide the EPC to tenants before they can rely on a section 21 notice.
Any HMO requires an EPC when it is brought or sold, however, rooms let on an individual basis within HMOs, such as bedsits, do not currently trigger a requirement for the property to have an EPC.
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From April 2016 the Dividend Tax Credit will be replaced by a new tax-free Dividend Allowance.
The Dividend Allowance means that you won’t have to pay tax on the first £5,000 of your dividend income, no matter what non-dividend income you have.
The allowance is available to anyone who has dividend income.
Headline rates of dividend tax are also changing.
You’ll pay tax on any dividends you receive over £5,000 at the following rates:
If you’re an investor with modest income from shares, you’ll see either a tax cut or no change in the amount of tax you owe.
Dividends received by pension funds that are currently exempt from tax, and dividends received on shares held in an Individual Savings Account (ISA), will continue to be tax free.
From April 2016 you have to apply the new headline rates on the amount of dividends you actually receive, where the income is over £5,000 (excluding any dividend income paid within an ISA).
The Dividend Allowance will not reduce your total income for tax purposes. However, it will mean that you don’t have any tax to pay on the first £5,000 of dividend income you receive.
Dividends within your allowance will still count towards your basic or higher rate bands, and may therefore affect the rate of tax that you pay on dividends you receive in excess of the £5,000 allowance
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HMRC will transform the tax system, so that it is more effective, more efficient and easier for taxpayers.
Read all about here here...
From April 2016 the government is introducing a tax-free Personal Savings Allowance of £1,000 (or £500 for higher rate taxpayers) for the money, or ‘interest’, that your earn on your savings.
Read all about it here...
The following changes took effect as from the 9th January 2013 as follows:-