Category Archives: Property News

Read on changes to property law.

The London Property Licence Checker

The London Property Licence Checker The Mayor of London has launched the London Property Licence Checker. This is an online tool for private renters. Tenants can now check whether their rental property has a correct licence in place. Licencing schemes are used by local authorities to enforce appropriate living standards in private rented properties. As […]

Mortgage Holiday Extension Scheme Accessible to Landlords

It has been announced that buy-to-let mortgage borrowers will now be able to access the mortgage holiday extension scheme as well. The Ministry of Housing and the Financial Conduct Authority (FCA) have both confirmed that landlords are eligible to benefit form the scheme. Who is eligible? It is strongly advised that only those landlords who […]

Pets in Rented Homes – A No-No or A Go-Go

A new bill has been launched in parliament to allow tenants to move into rented homes with their pets. The bill is due for a second reading in January 2021. If the new legislation is accepted, it will complicate not only tenancy contracts but also landlord insurance. On the other hand, if the new legislation […]

The Evictions Ban Saga

Following the outbreak of coronavirus, the government introduced a ban on evictions of tenants and repossessions of properties. The ban was first introduced in March. The purpose of the ban is to protect renters from losing homes and to prevent drastic increase in homelessness. We are now in September. As research shows, many landlords are […]

Tenant Demand and Rental Values – Rental Market During Pandemic

Residential property management for landlords

As ARLA Propertymark’s reports, rental market is doing well and the demand for rental properties keeps rising. On average, a letting agent registered 70 new tenants in May. This grew to 79 in June. This is still somewhat lower to the pre-lockdown figures. For example, in February an average number of new, potential tenants was […]

The Implications of the Mortgage Holidays

Mortgage holidays were first announced by the government in March 2020. The scheme has been extended and the deadline for applying is now 31 October 2020. Homeowners have been able to apply for mortgage payment holiday or reduced payments by extending the term of their loans. All in effort to relieve the financial consequences of […]

Eviction Ban Extended by 2 Months

The government has announced an extension to a ban on evictions until 23 August 2020. The decision has been welcomed by many renters with gratitude and relief. On the other hand, a large number of landlords have been left alone to deal with antisocial behaviours at their properties as well as unpaid rent. Tenants The […]

Tenant Fees Act – From 1st June 2020 It Applies to All Tenancies

money

The Act The Tenant Fees Act was first introduced on 1st June 2019. It only applied to tenancies that started after that date and to renewals. Now, landlords and agents are being reminded that a year-long transition period for the tenant fees ban ends today. The Fees Prohibited fees include: Check-ins Check-outs Referencing Viewing Inventories […]