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Council To Charge £500 A Bed For Hmo Licences

Council To Charge £500 A Bed For Hmo Licences

The glass ceiling for house in multiple occupation licensing fees was shattered when councillors in Lewisham, London, set a price of £500 on each bedroom. (more…)
Mortgage Affordability Tests On The Way For Landlords

Mortgage Affordability Tests On The Way For Landlords

Buy to let investors face may face more financial woes as regulators try to stem the billions on interest only borrowing by landlords. The Prudential Regulation Authority with encouragement from the Chancellor George Osborne and the Bank of England, is suggesting that buy to let mortgage lenders should all follow the same underwriting ...
New Buy To Let Mortgage Rules For Consumer Landlords

New Buy To Let Mortgage Rules For Consumer Landlords

Buy to let landlords may not have noticed but the new European Mortgage Credit Directive is now in force with stricter affordability rules for purchasing homes to rent out. (more…)
Rent Smart Wales Announce New Fees Structure For Agents

Rent Smart Wales Announce New Fees Structure For Agents

When Rent Smart Wales first announced their licence fee structure for agents, it was a flat fee of £3,728.00 for an online application or £4,368.00 for a paper application. The only exception was a sole trader agent with no staff (connected person) which cost the same as a landlord licence - £144.00 online or £186.00 paper. (more…)
Foxtons Profits Dip As Angry Landlords Threaten To Sue

Foxtons Profits Dip As Angry Landlords Threaten To Sue

Foxtons, the letting agents landlords and tenants seem to love to hate, is trying to navigate some stormy waters. (more…)
Web Of Fraud Netted Letting Agent £255,000

Web Of Fraud Netted Letting Agent £255,000

Fraudster letting agent Russel Baker pocketed more than £250,000 in rents and deposits paid to him by buy to let tenants. (more…)
83,000 Buy to Let Tenants in ‘Serious’ Rent Arrears

83,000 Buy to Let Tenants in ‘Serious’ Rent Arrears

Landlords went to court to evict thousands of tenants in the last quarter of 2015, according to a new report. (more…)
Property Scammers Dupe Investors Out Of £9 Million

Property Scammers Dupe Investors Out Of £9 Million

Property investment companies that scammed more than £9 million from almost 500 hopeful investors failed to show any profit. (more…)
Landlords Before Courts In Illegal Eviction Crackdown

Landlords Before Courts In Illegal Eviction Crackdown

Bad landlords are facing a nationwide campaign by local councils to stamp out illegal evictions. (more…)
Long Term Empty Property In Wales

Long Term Empty Property In Wales

A short note about long term empty properties in Wales. From 1 April 2016, section 139 Housing (Wales) Act 2014 amends the Local Government Finance Act 1992 to introduce an ability for a local authority to determine council tax payable in their area for ‘long term empty property’ at their discretion. (more…)