Britain’s private rented sector is going through a crisis of confidence. Between changes to mortgage tax relief and the looming removal of Section 21 evictions, landlords are thinking hard about their futures in the industry.
The average homeowner in the UK could be £352,500 better off than the average private renter over the next 30 years, new research from the Intermediary Mortgage Lenders Association (IMLA) says.
A tenant in Scotland who claimed that she and her landlords were subject to a private residential tenancy (PRT) in a house of multiple occupancy has had her appeal dismissed.
Since mandatory landlord registration was introduced by the Antisocial Behaviour etc. (Scotland) Act in 2004, the information required to be provided by applicants has remained minimal. For a fee, landlords in Scotland are required to register their rental properties with each local authority that they are let in.
Guidance on conducting right to rent checks on nationals of Australia, Canada, Japan, New Zealand, Singapore, South Korea and the USA who have entered the UK through eGates as visitors has been updated.
Now the dust has settled on the implementation of the Renting Homes (Fees etc.) Wales Act, the Welsh Government must acknowledge the impact on letting agent’s businesses and further aspects of the legislation must be implemented in a more timely and efficient manner.
The National Trading Standards Estate and Letting Agency Team (NTSELAT), has rolled out an enforcement toolkit to trading standards officers across the UK in order to help crack down on non-compliance.
Letting agents have received advice in both the run up and since the implementation of the Tenant Fee Ban and are often being advised to look at their business processes and consider their overall offering to tenants.
The Liberal Democrats have passed a motion which will scrap Section 21 'No Fault Evictions' in the private rented sector if they come to power at the next general election.
The UK Government has announced proposals for sprinklers to be installed in new high-rise blocks of flats by opening a consultation to seek views on the changes to fire safety regulations.
As we get closer to 31 October, the date when the UK is scheduled to leave the EU, letting agents need to know what compliance with Right to Rent checks on EU, EEA and Swiss nationals will look like.
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