Deposits to be capped

Published on Sat, 24th Jun 2017 10:00

In the Queens Speech on Wednesday (21/6/17) there was a small mention of tenant’s fees:-

'Proposals will be brought forward to ban unfair tenant fees, promote fairness and transparency in the housing market, and help ensure more homes are built' is what the Queen actually read out.

 

However, buried in the small print were the details and they are:-

  • as expected a re-affirmation of the commitment to ban letting agent, and landlord fees to tenants.  This will be in the Draft Tenants' Fees

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Buy to Let mortgages shrinking

Published on Fri, 23rd Jun 2017 17:08

The Council of Mortgage Lenders have revised their estimates for Buy-to-Let borrowings

Last December it had originally forecasted that £38bn would be loaned in 2017 and 2018; this is against the high of £40.6bn in 2016.

It has now revised 2017 to be £35bn, and 2018 to be lower at £33bn.

This is against owner occupier mortgages being up by 12% from April, when £20.1bn was advanced.  This is also higher than May 2016 when £17.9bn was advanced.

It would appear that George Osborne’s plans to sti Read More

Urgent DCLG appeal

Published on Wed, 21st Jun 2017 20:00

Please see an urgent appeal from the DCLG below

 

 

Melanie Dawes CB 
Permanent Secretary 
Department for Communities and Local
Government
2 Marsham Street
London SW1P 4DF
20 June 2017
Safety checks on private residential blocks 

This letter is intended for owners, landlords and managers of private residential blocks in England. Representative bodies for the private residential sector have kindly agreed to disseminate this letter to their members, and we are grateful for their assistance.

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Finally we have a Housing Minister

Published on Tue, 13th Jun 2017 07:30

Alok Sharma, Reading West MP, will replace Gavin Barwell who was made Chief of Staff to the Prime Minister after losing his Croydon seat.

Sharma, 49, was previously a minister at the Foreign and Commonwealth Office and is a qualified accountant.

He is the 15th housing minister since 1997 and the sixth to take the role since the Conservatives came to power in 2010.

The two questions are, will Mr Sharma be able to make any amendments to the vague Housing White Paper; this is doubtful as his bos Read More

More retired renters now

Published on Mon, 12th Jun 2017 12:00

Retired tenants are becoming a larger part of the rental market, according to the UK's largest letting agency.

Countrywide reports that pensioners paid a total of £3.7 billion in rent over the last 12 months.

This represents a rise of over 200% in the last decade when compared to the £1.2 billion paid in 2007.

“The rental market can no longer be typified by the image of carefree, young professionals," says Johnny Morris, Countrywide's research director.

"More than half of tenants are over 30 Read More