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property investment

Right-to-rent legislation to come into effect

From 1st December 2014 the Right-to-Rent legislation is to come into effect. The legislation requires that landlords check their tenants have the right to rent in the UK. The scheme will first be rolled out in Wolverhampton, Dudley, Sandwell, Walsall and Birmingham before alternations, if needed, are made and the legislation is introduced around the…

Bad landlords trigger tougher legislation plans

Council bosses are considering new rules for landlords after a report highlighted that 85 per cent of private renters think that more should be done to improve living standards. Camden Council’s report that was released last month found that tenants living in 8,585 HMOs in the area complained of black mould, defective toilets, faulty electric…

Agency calls for more HMO legislation

A property agency and management firm says there should be more stringent regulations governing homes in multiple occupation with an accreditation scheme for landlords which would entitle them to licensing fee reductions where appropriate. Mish Liyanage, managing director of The Mistoria Group, says that currently landlords only need to apply for a HMO licence if…

Lenders ripping off landlords?

With interest rates at an all time low, one would not expect there to be issues with lenders charging high fees/rates for landlords who are in a position to borrow for property investment. However there has been a sharp rise in the number of formal complaints from landlords and investors about the valuation they have…

£136.5 billion worth of housing equity to be unlocked in the next 5 years

New research from MGM advantage has found an increase in the number of the UK’s retired population downsizing their homes. 1.99 million retired people have already downsized their homes and a further 12% are looking to downsize over the next 5 years. These figures suggest that £136.5 billion of housing equity will be unlocked from property downsizing within…