A new survey of 5,000 landlords by online agent
Urban.co.uk has found that half of UK landlords are not prepared for new 'right
to rent' legislation, which comes into force on 1 February 2016. 20% of those questioned
believed that they had until April 2017 to get ready for the changes and 3%
believed they had until 2018. The legislation will be in place nationally next
month and require all landlords and agents in England to check a tenant’s
immigration status (‘right to rent’) in the UK. Landlords failing to do so
could find themselves with a potential fine of £3,000. Among the other findings
in the report are that only 10% of landlords provide the correct information to
their tenants at the start of a lease; most landlords (90% of those surveyed)
were unable to identify the characteristics of a House in Multiple Occupancy
(HMO); and 16% were failing to provide a valid contact address on tenancy
agreements, risking a substantial fine. Read more on the What House? website.
Eight in 10 homes in London’s poshest postcodes now sell below asking
price, Coutts finds
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Sellers in areas such as Belgravia and Mayfair face hundreds of thousands
of pounds in losses as property prices fall
Eight out of 10 properties in Londo...
11 hours ago

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