As more UK consumers find difficulty in obtaining mortgages, many are now opting to rent. With social housing waiting lists limited, a tenancy in the social residential sector can take years to come to fruition with little if no choice of which property will be offered.
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The end of last week saw Conservative MP Grant Shapps named as the new housing minister. The first change effecting housing policy sees the scrapping of Labour’s Home Information Packs (HIPS), which comes with mixed feeling within the industry.
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Landlords are finally able to sigh with relief as a decision by the Bank of England’s Monetary Policy Committee has voted to hold interest rates again at 0.5%, last week.
Read MoreWith more homeowners than ever considering letting their homes due to the current property slump, how do they know their going about it the right way? Many homeowners feel somewhat overwhelmed and daunted at the process they invariably encounter when considering letting their homes. This new breed of landlord may have made the choice to […]
Read MoreWhile buy-to-let lending is still considerably less forthcoming (to say the least) since it reached its peak three years ago, there seems to be a little movement in this sector as reported by Mark Sorby of J. Montagu Financial Solutions.
Read MoreIn February 2010, Housing Minister, John Healey announced a new package of measures, which have been designed to protect tenants in the privately rented housing sector. The new package, which Mr. Healey presented offers tenants: Requirement for written tenancy agreements in all tenancies that will strengthen the hand of tenants should they face a dispute. […]
Read MoreThe amount of consumers opting to rent living accommodation is now surpassing the number of rental properties available and landlords are now beginning to extend their portfolios in a bid to supply the new demand.
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Any property which is let to 3 or more unrelated sharers will autimatically become classed as ‘2 or more households’. The property, deemed as a HMO will require planning permission. The legislation will have a massive negative impact on both landlords and students.
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