Category Archives: Legislation
Statistics out on mortgage and landlord possession actions shows an increase in the county courts of England and Wales in July to September 2016. Ministry Of Justice reports: In the last twelve months 137,733 renting households in England were put at risk of eviction – equivalent to 316,900 renters
Getting a buy-to-let mortgage has got a whole lot tougher due to new tougher lending criteria. From the 1st January 2017, new regulation from the Bank of England will affect personal and corporate lending. Stress tests to new borrowing will be applied, taking into account future interest rate rises plus stressing more stringent Interest Cover […]
London borough of Ealing is the latest council to launch the new licensing scheme. From 1st January all landlords who let homes in the borough must now have a licence. This includes all landlords who rent out houses in multiple occupation (HMO).
First appointment Harrow Weald to view a 2-bedroom first floor flat for sale. It’s on the market at £419,950. Had a quick look on Zoopla, suspicions confirmed its seems overpriced for what it is. The back ground is, it’s been on the market for 2 months and hardly any viewings let alone offers. Will discuss […]
As the government starts its program of tax rises on landlords. It’sWe have had a chance to look at it and those in the industry including us believe its effects will include rent rises of between 20% – 30%, shrinking of the buy to let market and reduction of affordable housing.
Rules surrounding housing costs for 18-21 year olds paid under the Universal Credit changed this week. From the 1st April young people who are unable to live in the family home will lose their amount of housing benefit in their Universal Credit award.
Good news is few and far between when it comes to benefit tenants in the private rental sector (PRS). With benefit cuts, reduction in house building and ever greater waiting lists it hasn’t been an easy ride of recent. However a murmur of good news is always welcomed, with the news of Government plans to […]
