One of London’s largest landlords, Get Living, is going above and beyond what the government envisioned when they suggested scrapping rental fees. The owners of East Village E20, once the site of the 2012 Olympics’ Athlete’s Village, is doing away with fees and deposits, and is even planning to return around £3 million in deposits already paid this July.
As November nears its end, let’s take a look back on some of the big property stories in the news this month. Here’s a roundup of the most important things that have been happening.
The news this month has been dominated by Brexit uncertainty and what this could mean for industries in the UK. Mortgage lender, Halifax also reported that the housing market appears to be moving at its slowest rate in six years.
The Government’s welfare reforms are ongoing and the way claimants receive and budget their benefits is set to change over the next four years. While the changes will have a major impact on those people who claim Government benefits, the way the system works also affects many people who don’t claim, including private sector landlords.
The Welsh Assembly has begun the formal process of ending the Right to Buy scheme across Wales. While the ability given to social tenants to purchase their own home has been available since the 1980s under then Prime Minister Margaret Thatcher, the Welsh Assembly has found it has reduced its stock of social housing so much that the situation in Wales is critical enough to take this step.
Looking (not too far) ahead to the New Year, its likely to be a big one for news of all kinds. Brexit, anyone? But that’s not the only possible big news story that those of you with a property-related investment could expect to see unfold before you, during 2019.