Rogue agent and landlord legislation is working!

The Government has recently taken a series of steps to encourage and support local authorities in the prosecution of rogue agents and landlords. In April 2017, the maximum civil penalty that could be imposed on landlords was increased from £5,000 to £30,000; in December, Sadiq Khan launched a ‘Rogue Landlord and Agent Checker’ in London, then in April this year, banning orders came into force for landlords and agents in England who breach regulations.

Read more ...
Are property prices crashing or calming?

We know, in theory, bad news makes a much better headline than good news, and that’s certainly true for reports on the property market. Some in the media do love to shout about prices crashing and warn that the market’s in trouble, and it’s been particularly under the spotlight since the Brexit vote.

Read more ...
Are your tenants home or away?

Although your tenants aren’t obliged to keep you updated on their movements, it’s important for you to know if they’re going away for an extended period of time, as a vacant buy-to-let does have implications for you.

Read more ...
Landlord fines on the up

Now that councils have the power to issue civil penalties of up to £30,000, not to mention take you to court and issue banning orders, it’s vital you stay on the right side of the law. While many councils are hampered in their enforcement efforts by a lack of resources, those that are able to find and penalise rogue landlords are certainly doing so.

Read more ...
Mortgage interest rates headed for a rise?

With the base interest rate currently at 0.5% and given that it hasn’t been above that level for more than nine years, an increase has been on the horizon for a while.

Recent research by Deloitte shows that although UK consumers are feeling ‘more upbeat’ about their personal finances, we’re still prioritising essential spending over splashing out on luxuries. That’s evidenced by the challenges retail and casual dining sectors are still reporting.

Read more ...