Implications for Landlords and Tenants In recent years, the landscape of private rental housing in the UK has been marked by increased regulatory scrutiny, aiming to improve the rights and protections afforded to tenants. One of the most significant proposed changes to the private rental sector is the removal of Section 21 under the
Significant Increase in Fines for Non-compliance with Right to Rent Checks: A Comprehensive Guide for Letting Agents and Landlords Introduction The penalties for repeated non-compliance with the Right to Rent check rules have seen a substantial increase, with new fines reaching up to £20,000. Consequently, it is imperative for landlords and letting agents to exercise
The prospects of further interest rate rises in the UK are high. The Bank of England has already raised interest rates five times since December 2021, and it is widely expected to raise them again in the coming months. This is because inflation in the UK is currently at a 30-year high, and the Bank
Property prices in the UK have been falling for several months, as the cost of living crisis and rising interest rates have squeezed buyers. The average price of a home in the UK fell by 0.5% in February, according to Nationwide Building Society, taking the annual rate of decline to 1.1%. This is the largest
The Government has launched a new Model Tenancy Agreement to stop landlords being able to issue a blanket ban on pets. The Press Release, issued on the 28th January 2021, titled “New standard tenancy agreement to help renters with well behaved pets”. The aim is to enable tenants with “well-behaved” pets to secure a tenancy.
The Government has confirmed that evictions will not be enforced by bailiffs until at least 21st February 2021 with measures kept under review. Egregious cases can be enforced. It is unclear as to whether the ban on evictions will be extended beyond 21st February. The courts will remain open and continue to prioritise such cases
Sky News has reported that Rishi Sunak is to extend Furlough until the end of March 2021. Payments will remain at 80% up to £2,500 per month. Sunak told Parliament “Our highest priority remains the same: to protect jobs and livelihoods”.
Have you read ‘Guidance for Landlords and Tenants’ from HM Government? It contains good practical advice.