The current Bank of England base rate is at a historical low of just 0.5%, but the International Monetary Fund (IMF) has suggested that further cuts to the base rate may be needed in order to boost the UK economy. Whilst some consumers with a tracker rate mortgage would benefit from a cut in interest…

Current market and economic conditions are ripe for buy to let property investment, with low property prices, unprecedented demand for rental properties and soaring rents. On top of this, concerns over pensions, low returns on cash savings and instability in global stock markets are all fuelling demand for safe investments. These are just some of…

The government could be forced to make changes to its controversial bedroom tax policy following a Court of Appeal ruling this week. The “bedroom tax” comes in to force from April 2013, and effects social housing tenants of working age with spare bedrooms.  The policy means tenants who’s houses are deemed under occupied will face…

According to Homelet, the UK’s largest supplier of referencing and specialist insurance to the lettings industry, the average rent is still rising, and the private rental sector continues to boom. In March this year, the average rent achieved across the UK was £764, a huge 5% increase on the same time last year.  London saw…

Housing minister, Grant Shapps, has pledged that criminal landlords trapping vulnerable people in ‘suburban shanty-towns’ will get the justice they deserve. He allocated a £1.8 million fund to areas blighted by so-called ‘beds in sheds’, to tackle the problem head-on and end this growing practice by ruthless landlords. Mr Shapps appealed to councils who may…

Fire enforcement notices are issued where a landlord has failed to comply with the Regulatory Reform (Fire Safety) Order 2005.  They set out corrective measures that landlords are legally obliged to complete within a specific timescale. Research carried out by Inside Housing reveals that over the last six months for which records are available (between…

All private landlords and letting agents taking deposits for assured shorthold tenancies (ASTs) in England and Wales are required to safeguard them with a Government-authorised tenancy deposit protection scheme. The Deposit Protection Service (DPS), which is the only custodial scheme, celebrated it’s 5th birthday on April 6th this year, having proved popular as the only…

The new green deal scheme, due to launch in October, enables households to install energy efficient measures, such as increased insulation, at no up-front cost.  Instead, private companies pay for the work and recover the cost through the resultant savings in the household’s energy bills. The scheme  has received criticism from former climate change committee…

Legal 4 Landlords are specialists within the lettings industry, offering landlord services from tenant referencing and insurance to evictions and debt recovery. Increasing it’s staff and turnover, Warrington-based Legal 4 Landlords has moved offices into a new building three times larger than it’s former headquarters.  Currently they employ 25 people, but are recruiting a further 10,…

The story that Newham council is looking into sending families in receipt of housing benefits to other parts of the country brought a lot of media interest to the issue of housing benefit payments. The controversial move to house tenants outside their communities is, however, unnecessary. There is much that could be done to improve the way the Local Housing Allowance (LHA)…