New Rent Deal To Aid ‘Quality And Quantity’ Of Social Housing

MHCLG has announced a new long-term social housing rent deal – supporting “quality and quantity” by capping rent changes at a sustainable level. The new rent standard has been confirmed by housing minister Kit Malthouse. Malthouse said the standard “provides councils, housing associations and tenants with certainty”. The five-year deal comes after the Social Housing Green Paper published last year set out government commitments to work with the sector to rebalance the relationship between residents and landlords, tackle stigma and ensure that social housing can be a stable base that supports social mobility. Read more on 24housing.

https://www.24housing.co.uk/news/new-rent-deal-to-support-quality-and-quantity-of-social-housing/

Even Tenants Think The Buy-To-Let Crackdown Will Reduce Housing Supply.

One in five renters believes that the removal of mortgage interest tax relief on buy-to-let homes will reduce the supply of rented properties in their area. The research, commissioned by GoCompare Mortgages, also revealed that some tenants were concerned that they will face rent hikes as buy-to-let landlords pass on the higher costs, with 6% saying they had already seen a rise. According to the study, the housing crisis has got so bad that nearly a third (31%) of all people renting believe they will never own a home. Read more on the what Mortgage website.

Santander Tells Buy-To-Let Landlords To 'Raise Rents By The Maximum'

Santander is facing fury from tenants and housing groups for a clause in its buy-to-let mortgage contracts requiring landlords to raise rents by “as much as can be reasonably achieved”. The wording has been buried in Santander's contracts since 2011. It has come to light only now, however, as buy-to-let investors face an unprecedented squeeze on their incomes due to tax changes applying from April. Many borrowers are scrutinising mortgage documentation to assess their likely position if they cannot meet repayments. Read more on the Daily Telegraph website.