All the latest news about property funding in the UK. Bringing updates about commercial mortgages, buy to let mortgages and property development finance; mostly directly sourced from the industry press.
In their response to the Rugg Review of the Private Rented Sector the CLG clearly believe that landlordism is word that anyone involved in private lettings should be aware of! Aside from made up words (?) there is quite a lot of good stuff in the response and I will try to summarise the main …
Housing Benefit has often been criticised as an overly complex benefit that does not promote self responsibility and can even act as a deterrent to working. So with a view to improving the current system the government is introducing some major changes. The Local Housing Allowance is a new way of working out how much …
A letting salesperson is more than just a “sales person.” A good lettings agent will act on your behalf and offer suggestions and guidance making sure that you get the best rent for your property. From the point of view of the prospective tenant the lettings agent will help fine tune the search process and …
Whilst helping a friend work out the costs involved in raising a commercial mortgage recently I suggested that they use a commercial mortgage calculator. It turns out that this simple piece of advice actually involves a lot more work. With home loans it is quite easy to find a calculator which will quickly display the …
Although the majority of landlords will not accept tenants on Housing Benefit there are many landlords who will. This situation has the potential to change when the new rules affecting housing benefit take effect from April 2008. There is concern within housing charities such as Citizens Advice and Shelter that the new scheme could result …
The mandatory licensing of some Houses in Multiple Occupation (HMO’s) came in to force 18 months ago, however there is still some confusion over the different definitions of a HMO. The maximum fine for non-compliance with the law is a fine of up to £20,000, which means that it is imperative that landlords are made …