Are councils still too soft on rogue landlords?
A new report suggests that local authorities are still failing to tackle criminal landlords, despite having extensive powers to do so. Coming at a time when many councils have implemented additional/selective licensing schemes for landlords, this does seem to cast some doubt on the value of these schemes, and poses some interesting questions in the context of upcoming rental reform.
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Halifax Calculates Most Affordable Cities for Property Purchase
As UK house prices have surged during the past few months, spurred on by the stamp duty holiday and pent-up demand following lockdown, some potential landlords might find it a struggle to find the right area or city for investment.
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New Government Covid Rent Arrears Fund Welcomed, But May Not Be Enough
Following months of pressure from various bodies representing landlords and tenants, the UK government has provided new funding for local authorities across England to support tenants who have fallen into arrears due to the effects of the Covid-19 pandemic. The £65 million fund will be allocated via local councils to ensure vulnerable people living in rental accommodation will not end up homeless this winter due to financial problems related to the pandemic.
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PRS Tenant Demand Hits Record High in July
As more typical activity returns across the UK, a recent industry survey shows that demand from tenants for homes in the private rental sector (PRS) surged in July 2021 to the highest level on record.
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